財務摘要 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不會對本公告的全部或任何部分內容所產生或 因依賴該等內容而引致的任何損失承擔任何責任。 山東天岳先進科技股份有限公司 SICC CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （股份代號：2631） 截至2025年12月31日止年度的業績公告 山東天岳先進科技股份有限公司（「公司」或「本公司」）董事（「董事」）會（「董事 會」）謹此宣佈本公司及其附屬公司（「集團、本集團」）截至2025年12月31日止年 度（「報告期」）的經審計綜合業績，以及截至2024年12月31日止年度經審計的比 較數據。 – 1 – ‧ 於報告期內，本集團實現總收入約為人民幣1,464.9百萬元，較2024年約 人民幣1,768.1百萬元減少17.1%； ‧ 於報告期內，本集團的研發開支約為人民幣165.8百萬元，較2024年約人 民幣141.8百萬元增加16.9%； ‧ 於報告期內，本集團的毛利約為人民幣141.8百萬元，較2024年約人民幣 435.5百萬元減少67.4%。截至2025年 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部分內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 董事會會議通知 本公司董事會（「董事會」）謹此宣佈，董事會會議將於2026年3月27日（星期五） 舉行，藉以（其中包括）審議並批准本公司及其附屬公司截至2025年12月31日止 年度之經審核年度業績及其發佈，以及考慮派發末期股息（如有）。 山東天岳先進科技股份有限公司 SICC CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （股份代號：2631） 董事長、執行董事兼總經理 宗艷民先生 香港，2026年3月17日 於本公告日期，董事會成員包括(i)執行董事宗艷民先生、高超先生及王俊國先生；(ii)非執行 董事邱宇峰先生、李婉越女士及方偉先生；及(iii)獨立非執行董事李洪輝先生、劉華女士及 黎國鴻先生。 承董事會命 山東天岳先進科技股份有限公司 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 山東天岳先進科技股份有限公司 呈交日期: 2026年3月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02631 | 說明 | H 股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 54,907,500 | RMB | | 1 RMB | | 54,907,500 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 54,907,500 | RMB | | 1 RMB | | 54,907,500 | | 2. 股份分類 | 普通股 | 股份類別 | A | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不會對本公告的全部或任何部分內容所產生或 因依賴該等內容而引致的任何損失承擔任何責任。 山東天岳先進科技股份有限公司 SICC CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （股份代號：2631） 內幕消息 2025年度業績快報公告 本公告由山東天岳先進科技股份有限公司（「本公司」，連同其附屬公司，統稱 「本集團」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2) (a)條及香港法例第571章證券及期貨條例第XIVA部項下內幕消息條文（定義見 上市規則）作出。 本公告所載公司截至2025年12月31日止年度（「報告期」）主要財務資料為初步核 算資料，未經會計師事務所審計，具體資料以公司2025年年度報告為準，敬請 投資者注意投資風險。 一、 2025年度主要財務資料和指標 單位：萬元；幣種：人民幣 | | | | 增減變動 | | --- | --- | --- | --- | | 項目 | 本報告期 | 上年同期 | 幅度 (%) | | 營業總 ...

Core Viewpoint - Tianyue Advanced (02631) has seen a stock price increase of over 6%, driven by expectations of rising demand for silicon carbide (SiC) due to advancements in AI server cabinet computing power [1] Group 1: Market Performance - Tianyue Advanced's stock rose by 6.25% to HKD 63.75, with a trading volume of HKD 205 million [1] Group 2: Industry Insights - According to Zheshang Securities, the iteration of AI server cabinets is driving a rapid increase in power density, which in turn is expanding the demand for power semiconductors [1] - SiC is expected to see accelerated penetration in high-power scenarios due to its high voltage resistance and low loss characteristics [1] Group 3: Company Positioning - The company is one of the few globally capable of mass-producing 8-inch silicon carbide substrates and is the first to launch 12-inch silicon carbide substrates [1] - With its first-mover advantage in large-size substrates and technological accumulation, the company is poised to capture further market share [1] Group 4: Strategic Initiatives - Zhongyou Securities noted the company's proactive layout in the electric vehicle sector, having obtained automotive-grade IATF16949 certification in 2022 [1] - The company's silicon carbide substrate products have passed stringent validation from leading international power semiconductor manufacturers and have achieved continuous large-scale supply [1] - The company is also actively exploring emerging fields such as optics, having established partnerships with leading global optical manufacturers and secured multiple orders [1]

Core Viewpoint - Tianyue Advanced (02631) has seen a stock price increase of over 6%, currently at 63.75 HKD, with a trading volume of 205 million HKD, driven by the rising demand for power semiconductors due to advancements in AI server cabinet computing power [1] Group 1: Company Overview - The company is one of the few globally capable of mass-producing 8-inch silicon carbide (SiC) substrates and is the first to launch 12-inch SiC substrates [1] - The company is expected to further capture market share due to its first-mover advantage and technological accumulation in large-size substrates [1] Group 2: Industry Trends - According to Zheshang Securities, the iteration of AI server cabinet computing power is rapidly increasing the power density of single cabinets, directly driving the expansion of power semiconductor demand [1] - SiC is anticipated to see accelerated penetration in high-power scenarios due to its high voltage resistance and low loss characteristics [1] Group 3: Strategic Initiatives - The company has strategically positioned itself in the electric vehicle sector, having obtained the automotive quality management system IATF16949 certification in 2022 [1] - SiC substrate products have been validated by leading international power semiconductor manufacturers and have achieved continuous large-scale supply [1] - The company is also actively exploring emerging fields such as optics, having established partnerships with leading global optical manufacturers and secured multiple orders [1]

Core Viewpoint - The Hong Kong stock market is facing a significant wave of lock-up share releases in February and March 2026, with many companies experiencing high percentages of shares being unlocked, potentially impacting stock prices and market sentiment [2][4]. Group 1: Companies Facing High Unlock Ratios - Several companies, including Mirxes-B, Nanshan Aluminium International, and Jiangsu Hongxin, have over 50% of their total share capital subject to unlock, indicating substantial potential selling pressure [2][3]. - The first tier of companies with high unlock ratios includes Different Group (84.67%), Nanshan Aluminium International (80.59%), and Jiangsu Hongxin (68.19%) [3]. Group 2: Market Impact and Investor Behavior - The upcoming unlocks may lead to market panic selling, particularly for small-cap stocks and loss-making companies, as investors may preemptively sell to mitigate risk [9]. - Companies with lock-up commitments, such as Mirxes-B, may experience reduced selling pressure due to commitments from founders and cornerstone investors to hold their shares for an extended period [5][9]. Group 3: Long-term Implications of Unlocks - The unlocking of shares may lead to a more diversified shareholder structure, reducing the risk of concentrated ownership and enhancing corporate governance transparency [10]. - Ultimately, the long-term impact on stock prices will depend on the companies' fundamentals, growth prospects, and industry conditions, rather than solely on the unlock events [10][11].

Core Viewpoint - Tianyue Advanced (02631) has seen a nearly 6% increase in stock price, driven by Goldman Sachs' report highlighting the growing demand for energy efficiency in AI data centers, which is becoming a new core driver for silicon carbide (SiC) applications [1] Group 1: Industry Insights - The demand for energy efficiency in AI data centers is increasing, making SiC applications crucial for 800V high-voltage direct current (HVDC), power supply units (PSU), baseband processing units (BBU), and advanced packaging [1] - SiC offers advantages such as higher energy conversion efficiency, better heat dissipation, higher power density, and smaller size, which align with the GPU computing power enhancement needs [1] - The performance upgrade and weight reduction requirements in the AI glasses sector, along with the existing demand for fast charging in electric vehicles, are identified as three major growth engines for the industry [1] Group 2: Company Positioning - Tianyue Advanced is positioned as a global leader in the semi-insulating silicon carbide substrate field, having pioneered the 12-inch silicon carbide substrate [1] - The company has early investments in liquid phase epitaxy (LPE) technology combined with vapor phase methods, and has independently designed crystal growth furnaces to continuously improve the thickness of silicon carbide ingots [1] - The quality advantage of Tianyue Advanced's products leads to higher yield rates for customers producing SiC devices, supporting product premium pricing [1] - The company is actively reducing costs to offset the impact of declining substrate prices, including a proactive price reduction of 8-inch silicon carbide substrates to capture market share and ensure profitability [1]

Core Viewpoint - Tianyue Advanced (02631) has seen a nearly 6% increase in stock price, driven by Goldman Sachs' report highlighting the growing demand for energy efficiency in AI data centers, positioning silicon carbide (SiC) applications as a new core growth driver [1] Group 1: Industry Insights - The demand for energy efficiency in AI data centers is continuously increasing, making SiC applications crucial for 800V high voltage direct current (HVDC), power supply units (PSU), baseband processing units (BBU), and advanced packaging [1] - Key growth engines identified include performance upgrades and weight reduction in AI glasses, as well as existing demand for fast charging in electric vehicles [1] Group 2: Company Positioning - Tianyue Advanced is a global leader in semi-insulating silicon carbide substrate, having pioneered the 12-inch silicon carbide substrate and early deployment of liquid phase epitaxy (LPE) technology combined with vapor phase methods [1] - The company has designed its own crystal growth furnace, continuously improving the thickness of silicon carbide ingots, resulting in significant product quality advantages [1] - Customers using Tianyue's substrates achieve higher yield rates in producing silicon carbide devices, supporting product premium pricing [1] - The company is actively reducing costs to offset the impact of declining substrate prices, including a proactive price cut on 8-inch silicon carbide substrates to capture market share and ensure profitability [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不會對本公告的全部或任何部分內容所產生或 因依賴該等內容而引致的任何損失承擔任何責任。 山東天岳先進科技股份有限公司 SICC CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （股份代號：2631） 2025年年度業績預告的補充公告 茲提述山東天岳先進科技股份有限公司（「本公司」或「公司」）日期為2026年1月 26日內容有關本公司截至2025年12月31日止年度的業績預告（「該公告」）。除文 義另有界定外，本公告所用詞彙具備該公告所界定的相同涵義。 本公司董事（「董事」）會（「董事會」）謹此澄清「一、本期業績預告情況 —（二）業 績預告情況」一節第2及第3段應如下所示： 3.預計2025年年度歸屬於母公司所有者的扣除非經常性損益後的淨虧損介乎人 民幣27,500.00萬元至人民幣23,500.00萬元，與上年同期（法定披露數據）相比， 預計將減少人民幣43,109.30萬元至人民幣39,109.30萬元。」 – 1 – 本公告為該公告的補充，應與該公告一併閱讀。除上文所作 ...