Hong Kong Stocks in Focus | SICC (02631) Surges Over 7% as Silicon Carbide Applications Show Broad Prospects; Institutions Bullish on Company's Long-Term Growth Potential

Stock News14:24

Shares of SICC (02631) rose more than 7%. At the time of writing, the stock was up 7.34% to HK$58.5, with a turnover of HK$69.0121 million. On the news front, a survey conducted in China's Guangdong and Jiangsu provinces revealed that numerous transformer factories are already operating at full capacity, with some orders for data center-related business scheduled as far out as 2027. To address the challenges of integrating a high proportion of new energy sources, Hebei province is exploring the application of all-silicon-carbide power electronic transformer technology, which utilizes high-voltage silicon carbide devices to reduce electrical energy loss and improve the efficiency of new energy utilization. A recent research report from Guosheng Securities pointed out that as a key power electronic device in Solid-State Transformers (SST), silicon carbide (SiC) is expected to contribute new growth momentum. Zheshang Securities previously noted that SICC is actively expanding the application of silicon carbide in emerging fields, unlocking long-term growth potential. For AR glasses: Silicon carbide material, due to its advantages of high refractive index and light weight, is expected to become an ideal material for the next generation of AR glasses' optical waveguide lenses, enabling superior display effects. For AIDC: With the explosion in AI computing power demand, the energy consumption problem in data centers has become prominent. Silicon carbide power devices can significantly improve server power supply efficiency; amid the trend, driven by giants like NVIDIA, for data centers to evolve towards 800V high-voltage architectures, silicon carbide is expected to become a key material.

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