Group 1 - Tianyue Advanced (02631) shares increased by over 5%, reaching HKD 62 with a trading volume of HKD 270 million [1] - The Shanghai and Shenzhen Stock Exchanges announced the inclusion of Tianyue Advanced in the Hong Kong Stock Connect eligible securities list, effective from September 15, following the end of the price stabilization period in the Hong Kong market and the completion of 10 trading days since its A-share listing [1] - NVIDIA plans to replace silicon with silicon carbide in the intermediate substrate material of its next-generation Rubin processor to enhance performance, which may benefit related manufacturers, including Tianyue Advanced [1] Group 2 - Tianyue Advanced stated that its silicon carbide substrates can be widely applied in power semiconductor devices, RF semiconductor devices, optical waveguides, TF-SAW filters, and heat dissipation components, with key industries including electric vehicles, photovoltaics, energy storage systems, power grids, rail transportation, communications, AI glasses, smartphones, and semiconductor lasers [1] - The company's silicon carbide substrates are used by clients to produce power electronic devices, which are ultimately applied in various end products such as electric vehicles, AI data centers, and photovoltaic systems [1]

Group 1 - The core point of the article is that Tianyue Advanced (02631) has been added to the Hong Kong Stock Connect eligible securities list due to the end of its price stabilization period in the Hong Kong market and after being listed on the A-share market for 10 trading days [1] Group 2 - The effective date for this inclusion in the Hong Kong Stock Connect is September 15 [1]

Core Viewpoint - Tianyue Advanced (02631) has seen a significant increase in stock price, rising over 7% following its inclusion in the Hong Kong Stock Connect program, effective from September 15 [1] Group 1: Company Performance - Tianyue Advanced's stock opened up over 7% and is currently trading at 61.9 HKD with a transaction volume of 11.33 million HKD [1] - The company is recognized as a leading player in silicon carbide substrates and has successfully expanded its overseas customer base [1] Group 2: Market Developments - The Shanghai and Shenzhen Stock Exchanges announced the inclusion of Tianyue Advanced in the Hong Kong Stock Connect eligible securities list, marking a significant milestone for the company [1] - The company has established business partnerships with over half of the top ten global power semiconductor manufacturers [1] Group 3: Product Applications - Tianyue Advanced is actively expanding its overseas market presence, with high-quality conductive silicon carbide substrate products being adopted in various sectors [1] - The company's products are utilized in electric vehicles, AI data centers, and photovoltaic systems, indicating a diverse application range [1]

Group 1 - Tianyue Advanced (02631.HK) announced that the overall coordinator and underwriters fully exercised the over-allotment option as of September 14, 2025, involving a total of 7,161,800 H-shares, accounting for approximately 15.0% of the initially available shares for subscription under the global offering [1] - The over-allotted shares will be issued at a price of HKD 42.80 per H-share, which is the same as the global offering price, excluding various fees [1] - The over-allotted shares will be used to expedite the delivery of H-shares to subscribers who agreed to delay their delivery under the global offering [1] Group 2 - The stabilization period for the global offering ended on September 14, 2025, which is 30 days after the deadline for submitting applications for the Hong Kong public offering [1]

根据香港法例第571W章证券及期货(稳定价格)规则第9(2)条，公司进一步宣布，全球发售的稳定价格期 间已于2025年9月14日(星期日)即递交香港公开发售申请截止日期后第30天)结束。 智通财经APP讯，天岳先进(02631)公布，招股章程所述超额配股权已于2025年9月14日(星期日)获保荐 人兼整体协调人(为其本身及代表国际包销商)悉数行使，涉及合共716.18万股H股，占全球发售项下初 步可供认购的发售股份总数约15.0%(于任何超额配股权获行使前)。超额配发股份将由公司按每股H股 42.80港元配发及发行。超额配发股份将用于加快向同意延迟交付其根据全球发售认购的相关H股的承配 人交付部分H股。 ...

天岳先进(02631)公布，招股章程所述超额配股权已于2025年9月14日(星期日)获保荐人兼整体协调人(为 其本身及代表国际包销商)悉数行使，涉及合共716.18万股H股，占全球发售项下初步可供认购的发售股 份总数约15.0%(于任何超额配股权获行使前)。超额配发股份将由公司按每股H股42.80港元配发及发 行。超额配发股份将用于加快向同意延迟交付其根据全球发售认购的相关H股的承配人交付部分H股。 根据香港法例第571W章证券及期货(稳定价格)规则第9(2)条，公司进一步宣布，全球发售的稳定价格期 间已于2025年9月14日(星期日)即递交香港公开发售申请截止日期后第30天)结束。 ...

香港交易及結算所有限公司、香港聯合交易所有限公司（「聯交所」）及香港中央結算有限公司 （「香港結算」）對本公告的內容概不負責，對其準確性或完整性亦不發表聲明，並明確表示概 不會就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2631） 悉數行使超額配股權、穩定價格行動及 穩定價格期間結束 悉數行使超額配股權 本公司宣佈，招股章程所述超額配股權已於2025年9月14日（星期日）獲保薦 人兼整體協調人（為其本身及代表國際包銷商）悉數行使，涉及合共7,161,800 股H股，佔全球發售項下初步可供認購的發售股份總數約15.0%（於任何超額 配股權獲行使前）。 超額配發股份將由本公司按每股H股42.80港元（即全球發售項下每股H股的發 售價，不包括1.0%經紀佣金、0.0027%證監會交易徵費、0.00565%香港聯交所 交易費及0.00015%會財局交易徵費）配發及發行。超額配發股份將用於加快 向同意延遲交付其根據全球發售認購的相關H股的承配人交付部分H股。 除本公告另有界定者外，本公告所用詞彙與山東天岳先進科技股份有限公司（ ...

Group 1 - Tianyue Advanced (02631) is expected to be included in the Hong Kong Stock Connect after the price stabilization period, which typically lasts for 30 days, with predictions for inclusion around September 15 or mid to late September [1] - Inclusion in the Hong Kong Stock Connect is anticipated to attract more southbound funds, enhance market liquidity, and increase the company's visibility in the capital market, which may also boost the entire silicon carbide industry chain [1] - The stock price has shown a significant upward trend, with an increase of over 30% since September, and on September 12, the stock price surged by as much as 15%, approaching a market capitalization of 30 billion HKD [1] Group 2 - Tianyue Advanced is recognized as a leading company in the domestic silicon carbide substrate sector, having achieved mass production of 8-inch substrates and being the first to launch 12-inch substrate products, demonstrating technological leadership [2] - The company's customer base includes top international semiconductor manufacturers such as Infineon, Bosch, and ON Semiconductor, with applications in electric vehicles, AI data centers, and photovoltaics, indicating strong customer recognition and downstream expansion capabilities [2]

Group 1 - Tianyue Advanced (02631) is expected to be included in the Hong Kong Stock Connect after the price stabilization period, which typically lasts for 30 days, with predictions for inclusion around September 15 or mid to late September [1][2] - Inclusion in the Hong Kong Stock Connect is anticipated to attract more southbound capital, enhance market liquidity, and increase the company's visibility in the capital market, which may also boost the entire silicon carbide industry chain [1] - Historical data indicates that stocks included in the Hong Kong Stock Connect often experience significant short-term benefits, with passive funds, especially ETF funds tracking related indices, likely to buy in for allocation needs, providing support for the stock price [1] Group 2 - Tianyue Advanced is recognized as a leading company in the domestic silicon carbide substrate sector, having achieved mass production of 8-inch substrates and being the first to launch 12-inch substrate products, demonstrating technological leadership [2] - The company's customer base includes top international semiconductor manufacturers such as Infineon, Bosch, and ON Semiconductor, with applications in electric vehicles, AI data centers, and photovoltaics, showcasing strong customer recognition and downstream expansion capabilities [2]

每经AI快讯，9月12日，天岳先进(02631.HK)午后涨幅扩大至15%，总市值逼近300亿港元。截至发稿， 涨14.26%，报60.9港元，成交额3.87亿港元。 （文章来源：每日经济新闻） ...