TIANYU SEMI (02658) surged 17.48% during Monday's intraday trading, reflecting renewed investor confidence in the semiconductor firm. The stock's rebound comes after its recent IPO, where it initially traded below its offering price.
As China's largest silicon carbide (SiC) epitaxial wafer manufacturer, TIANYU SEMI holds 30.6% and 32.5% market shares by revenue and sales volume, respectively. Its annual production capacity for 6-inch and 8-inch wafers stands at 420,000 units, positioning it as a sector leader. Analysts attribute the surge to its robust market presence and backing from Huawei-affiliated Hubble Technology Investment, which is expected to drive long-term growth.
Despite a net loss in 2024 due to falling SiC wafer prices and reduced overseas sales, the company returned to profitability in early 2025, with revenue of RMB257 million and net profit of RMB9.515 million for the first five months. This financial turnaround has further bolstered investor sentiment.
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