Group 1 - Tianyue Advanced's stock price increased by 0.80% on September 12, with a trading volume of 2.661 billion yuan [1] - The company had a financing buy-in amount of 454 million yuan and a financing repayment of 455 million yuan on the same day, resulting in a net financing buy of -550,700 yuan [1] - As of September 12, the total margin balance for Tianyue Advanced was 1.044 billion yuan, with a financing balance of 1.035 billion yuan, accounting for 2.66% of the circulating market value, indicating a high level compared to the past year [1] Group 2 - As of June 30, the number of shareholders for Tianyue Advanced was 17,000, a decrease of 6.53% from the previous period, while the average circulating shares per person increased by 6.99% to 17,663 shares [2] - For the first half of 2025, Tianyue Advanced reported operating revenue of 794 million yuan, a year-on-year decrease of 12.98%, and a net profit attributable to shareholders of 10.88 million yuan, down 89.32% year-on-year [2] - Among the top ten circulating shareholders as of June 30, 2025, notable changes included a decrease in holdings by Huaxia SSE Sci-Tech Innovation Board 50 ETF and an increase in holdings by E Fund SSE Sci-Tech Innovation Board 50 ETF [2]

深交所：港股通标的证券名单调整，调入天岳先进，9月15日起生效。 ...

Core Viewpoint - The Shenzhen Stock Exchange has announced an adjustment to the Hong Kong Stock Connect eligible securities list, with Tianyue Advanced being added, effective from September 15 [1] Group 1 - The adjustment includes the inclusion of Tianyue Advanced in the Hong Kong Stock Connect eligible securities list [1]

Group 1 - The company has fully exercised the over-allotment option, resulting in an increase of H shares from 47,745,700 to 54,907,500 shares [2][3] - The over-allotment shares, totaling 7,161,800 H shares, represent approximately 15% of the initially available shares for subscription before the exercise of the over-allotment option [2][4] - The shares were issued at a price of HKD 42.80 per share, leading to a net fundraising amount of HKD 299.6 million after deducting underwriting fees and estimated expenses [3] 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 [4] - During the stabilization period, the stabilization agent did not engage in any trading of H shares in the market [5]

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。 ...

Core Viewpoint - Tianyue Advanced (688234.SH) has successfully listed 47,745,700 H-shares on the Hong Kong Stock Exchange, with an additional 7,161,800 shares allocated through the exercise of the overallotment option, bringing the total to 54,907,500 H-shares [1] Group 1 - The overallotment shares will be issued at a price of HKD 42.80 per share [1] - The overallotment shares are intended to expedite the delivery of H-shares to investors who agreed to delay their subscription [1] - The listing of the overallotment shares has been approved by the Hong Kong Stock Exchange, with trading expected to commence on September 17, 2025 [1] Group 2 - The stabilization period for the global offering has concluded on September 14, 2025, which is 30 days after the submission deadline for the Hong Kong public offering application [1]

A 股证券代码：688234 证券简称：天岳先进 公告编号：2025-063 港股证券代码：02631 证券简称：天岳先进 山东天岳先进科技股份有限公司 关于悉数行使超额配售权、稳定价格行动 及稳定价格期结束的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、悉数行使超额配售权情况 经香港联合交易所有限公司（以下简称"香港联交所"）批准，山东天岳先 进科技股份有限公司（以下简称"公司"）发行的 47,745,700 股（行使超额配售 权之前）境外上市外资股（H 股）已于 2025 年 8 月 20 日在香港联交所主板挂牌 并上市交易（以下简称"本次发行上市"）。公司 H 股股票中文简称为"天岳先 进"，英文简称为"SICC"，股份代号为"2631"，具体内容详见公司于 2025 年 8 月 21 日在上海证券交易所网站（www.sse.com.cn）披露的《关于境外上市外资 股（H 股）挂牌并上市交易的公告》（公告编号：2025-055）。 根据本次发行方案，招股章程所述超额配售权已于 2025 年 9 月 14 ...

Core Viewpoint - Tianyue Advanced (688234.SH) has seen significant stock price increases recently, driven by the growing demand for silicon carbide (SiC) substrates in the semiconductor industry, particularly in AI applications [1][2][4] Group 1: Stock Performance - On September 11, Tianyue Advanced's stock price rose over 10%, and on September 12, it continued to increase, reaching a high of 99.88 CNY per share, closing at 90.71 CNY, a 0.8% increase [1] - The stock had previously surged on September 5, hitting a daily limit increase and closing at 77.28 CNY [1] - In the Hong Kong market, Tianyue Advanced (02631.HK) also performed well, with stock price increases of 18.24% on September 5, 10.12% on September 11, and 8.26% on September 12 [5] Group 2: Company Overview - Tianyue Advanced is a leading domestic producer of wide bandgap semiconductor materials, focusing on the research, production, and sales of silicon carbide semiconductor materials, including semi-insulating and conductive SiC substrates [1][4] - The company was established in 2010, headquartered in Jinan, and became the only listed company in the SiC substrate field when it went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board in 2022. It also listed on the Hong Kong Stock Exchange in August 2023, making it the only "A+H" listed SiC substrate company [4] Group 3: Industry Applications - Tianyue Advanced's SiC substrates are widely used in power semiconductor devices, RF semiconductor devices, optical waveguides, TF-SAW filters, and thermal components, with applications in electric vehicles, photovoltaics, energy storage systems, power grids, rail transportation, communications, AI glasses, smartphones, and semiconductor lasers [1] - The company has established business relationships with over half of the top ten power semiconductor manufacturers globally, with clients like Infineon and ON Semiconductor successfully entering the supply chains of industry giants like NVIDIA [2]