消息面上，上交所、深交所发布公告称，因天岳先进在香港市场价格稳定期结束且相应A股上市满10个 交易日，将其调入港股通标的证券名单，自9月15日起生效。华鑫证券近日指出，公司为碳化硅衬底头 部企业，海外客户拓展顺利。截至目前，公司已与全球前十大功率半导体器件制造商中一半以上的制造 商建立了业务合作关系。同时，公司积极开拓海外市场，高品质导电型碳化硅衬底产品加速"出海"，已 获得英飞凌、博世、安森美等下游电力电子、汽车电子领域的国际知名企业合作。下游应用方面，公司 产品已被运用于电动汽车、AI数据中心以及光伏系统等领域。 智通财经APP获悉，天岳先进(02631)高开逾7%，截至发稿，涨7.28%，报61.9港元，成交额1133.39万港 元。 ...

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） ...

Core Viewpoint - Tianyue Advanced (02631) has seen a significant stock price increase, with a rise of 15% and a market capitalization approaching HKD 30 billion, driven by developments in silicon carbide substrate applications in advanced packaging for next-generation GPU chips [1] Group 1: Company Developments - Tianyue Advanced's stock price rose by 14.26% to HKD 60.9, with a trading volume of HKD 387 million [1] - The company is positioned as a leader in the silicon carbide substrate industry, which is gaining attention due to its potential applications in high-performance computing chips [1] Group 2: Industry Trends - NVIDIA plans to use silicon carbide substrates in the advanced packaging of its next-generation GPU chips, indicating a shift in material usage [1] - TSMC is also planning to apply 12-inch single crystal silicon carbide for thermal substrates, replacing traditional materials like aluminum oxide, sapphire, or ceramic substrates [1] - Despite concerns about the saturation of silicon carbide in the electric vehicle sector, there is still significant untapped potential for its application in high-end computing chips, particularly in advanced packaging [1]

Core Viewpoint - Tianyue Advanced (02631) has seen a significant stock price increase, with a rise of 15% and a market capitalization approaching HKD 30 billion, driven by developments in silicon carbide substrate applications in advanced packaging for GPUs [1] Company Summary - Tianyue Advanced's stock price rose by 14.26%, reaching HKD 60.9, with a trading volume of HKD 387 million [1] - The company is positioned as a leader in the silicon carbide substrate industry, which is gaining attention due to its potential applications in high-performance computing chips [1] Industry Summary - Nvidia plans to use silicon carbide substrates in the advanced packaging of its next-generation GPU chips, indicating a shift in material usage [1] - TSMC is also planning to apply 12-inch single crystal silicon carbide for thermal substrates, replacing traditional materials like alumina, sapphire, or ceramic substrates [1] - Despite concerns about the saturation of silicon carbide in the electric vehicle sector, there is still significant untapped potential for its application in high-end computing chips, particularly in advanced packaging [1]