Movement Alert|Tianyu Advanced Rises 5.18% in Regular Trading, SiC Substrate Upsizing Outlook and Industry Recovery Expectations Fuel Gains

Market Focus07-09 13:14

On July 9, Tianyu Advanced (02631.HK) rose 5.18% in regular trading, trading at HK$81.0/share, with turnover of HK$236 million.

On the news front, the company recently stated at a roadshow event that silicon carbide substrates possess strong development potential in larger wafer sizes and high-efficiency applications, and that the company is continuously optimizing its product portfolio, advancing customer collaborations, and steadily strengthening its technology and capacity foundation.

According to institutional data, Tianyu Advanced holds a 27.6% global market share in conductive SiC substrates, ranking first worldwide, with its 8-inch substrate market share reaching 51.3%. The company is also the first globally to launch 12-inch SiC substrates, with select leading customers already initiating verification or placing orders. Industry analysts note that following pricing pressures experienced previously, the SiC market is gradually recovering, with leading substrate manufacturers operating at capacity utilization rates exceeding 90%, supporting expectations for improved fundamentals ahead.

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