A 股证券代码：688234 证券简称：天岳先进 公告编号：2025-069 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 关于变更注册资本、取消监事会并修订 《公司章程》及其附件暨制定及修订公司部分 治理制度的公告 中国证监会修订了《上市公司章程指引》，并于 2025 年 3 月 28 日起施行。 另外，2025 年 1 月香港联交所刊发的《建议进一步扩大无纸化上市机制及其他< 上市规则>修订的咨询总结》，采纳了有关混合式股东会及电子投票的建议，要求 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。 山东天岳先进科技股份有限公司（以下简称"公司"）于 2025 年 10 月 14 日 召开第二届董事会第十六次会议及第二届监事会第十三次会议，审议通过了《关 于变更注册资本、取消监事会并修订<公司章程>及其附件的议案》《关于制定及 修订公司部分治理制度的议案》。现将具体情况公告如下： 一、变更注册资本、取消监事会并修订《公司章程》及其附件的情况 公司已完成 H 股股票发行并在香港联合交易所有限公司 ...

| A 股证券代码：688234 | 证券简称：天岳先进 | 公告编号：2025-071 | | --- | --- | --- | | 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 关于召开2025年第三次临时股东大会的通知 本公司董事会及全体董事保证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。 重要内容提示： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2025年第三次临时股东大会 召开日期时间：2025 年 10 月 30 日 14 点 30 分 召开地点：山东省济南市槐荫区天岳南路 99 号天岳先进公司会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 10 月 30 日 至2025 年 10 月 30 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互 联网投票平台的投票时间为股 ...

山东天岳先进科技股份有限公司 第二届监事会第十三次会议决议公告 | | | 本公司监事会及全体监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、监事会会议召开情况 山东天岳先进科技股份有限公司（以下简称"公司"）第二届监事会第十三 次会议于 2025 年 10 月 14 日在公司会议室以现场结合通讯方式召开。会议由监 事会主席张红岩女士主持，应出席会议的监事 3 名，实际出席会议的监事 3 名。 会议参与表决人数及召集、召开程序符合《中华人民共和国公司法》和《公司章 程》的有关规定，所作决议合法有效。 表决结果：3 票同意，0 票反对，0 票弃权。 详见公司于同日披露的《关于增加外汇衍生品交易业务额度的公告》（公告 编号：2025-070）。 公司已完成 H 股股票发行并在香港联合交易所有限公司（以下简称"香港联 交所"）上市工作，公司注册资本增加至 484,618,544 元。同时，根据 2024 年 7 月 1 日起实施的《中华人民共和国公司法》（以下简称"《公司法》"）及中国证券 监督管理委员会（以下简称"中国证监会"）于 2024 ...

Group 1 - The Shanghai Stock Exchange's Sci-Tech Innovation Board semiconductor materials and equipment index fell by 2.93% as of October 14, with mixed performance among constituent stocks [1] - The Sci-Tech Semiconductor ETF (588170) decreased by 3.27%, with a latest price of 1.51 yuan, and recorded an active trading volume with a turnover rate of 17.13% [1] - The latest scale of the Sci-Tech Semiconductor ETF reached 30.41 billion yuan, marking a new high since its establishment, with a total of 19.55 billion shares [1] Group 2 - Tianyue Advanced, the first A+H listed company in the silicon carbide substrate field, held a performance briefing discussing 12-inch capacity planning and collaboration with Nvidia [2] - The company has launched a full range of 12-inch silicon carbide products and is actively engaging with major global customers, securing multiple orders [2] - CITIC Securities projects that domestic wafer fabs' global market share could increase from 10% to 30%, indicating significant expansion potential [2] Group 3 - The Sci-Tech Semiconductor ETF (588170) and its linked funds track the semiconductor materials and equipment index, focusing on companies in semiconductor equipment (59%) and materials (25%) [3] - The semiconductor equipment and materials sector is crucial for domestic substitution, benefiting from low domestic substitution rates and high ceilings for domestic replacement [3]

Core Viewpoint - Tianyue Advanced (02631) has seen a significant stock price increase, attributed to its advancements in silicon carbide (SiC) products and potential opportunities linked to NVIDIA's future plans for advanced packaging materials [1] Group 1: Company Developments - Tianyue Advanced's stock rose nearly 6% in early trading, currently up 4.44% at HKD 60, with a trading volume of HKD 46.61 million [1] - The company held a performance briefing for the first half of 2025 on October 13, where it discussed its product offerings and market strategies [1] - The company has launched a full range of 12-inch silicon carbide products, including conductive, semi-insulating, and P-type substrates, and is actively engaging with downstream customers [1] Group 2: Market Opportunities - Reports indicate that NVIDIA plans to switch its CoWoS advanced packaging substrate material from silicon to silicon carbide by 2027, which could lead to a demand for approximately 77,000 substrates for the H100 alone [1] - Tianyue Advanced is positioned as a leading domestic player in 12-inch technology, making it a key beneficiary of this market shift [1] - The company's chairman mentioned that the second phase of the Shanghai Lingang base expansion will focus on 12-inch products, although specific capacity and collaboration details were not disclosed [1] Group 3: Strategic Outlook - In response to whether the company can meet 10% of NVIDIA's high-end GPU market demand by 2027, the company stated it has made forward-looking technological arrangements to seize market opportunities [1]

Core Viewpoint - Tianyue Advanced (02631) is experiencing a significant stock price increase, attributed to its strategic positioning in the silicon carbide (SiC) substrate market, particularly in relation to NVIDIA's upcoming demand for advanced packaging materials [1] Group 1: Company Developments - Tianyue Advanced's stock rose nearly 6% in early trading, currently up 4.44% at HKD 60, with a trading volume of HKD 46.61 million [1] - The company held a performance briefing for the first half of 2025 on October 13, where it discussed its advancements in SiC products [1] - The company has launched a full range of 12-inch SiC products, including conductive, semi-insulating, and P-type substrates, and is actively engaging with downstream customers [1] Group 2: Market Opportunities - NVIDIA plans to switch its CoWoS advanced packaging substrate material from silicon to silicon carbide by 2027, which could lead to a demand for approximately 77,000 substrates for the H100 alone [1] - Tianyue Advanced is recognized as a leading domestic enterprise in 12-inch technology, positioning it well to capture potential market opportunities arising from NVIDIA's transition [1] - The company has received multiple orders for its 12-inch SiC products from global leading customers, indicating strong market interest and demand [1] Group 3: Future Outlook - The chairman of Tianyue Advanced mentioned that the second phase of the Shanghai Lingang base expansion will focus on 12-inch products, although specific capacity and cooperation details were not disclosed [1] - In response to whether the company can meet 10% of NVIDIA's high-end GPU market demand by 2027, the company stated it has made forward-looking technological arrangements to seize market opportunities [1]

Core Viewpoint - The smart glasses sector is experiencing high demand, with Meta's glasses being in short supply, indicating a positive outlook for related companies in the industry [1] Industry Summary - The report from China Galaxy Securities highlights the strong growth potential in the smart glasses market, driven by high demand and supply constraints [1] - There is an optimistic view on Apple's supply chain, with expectations for shipment volumes to exceed forecasts, presenting additional investment opportunities [1] Company Recommendations - Recommended companies include: - Crystal Optoelectronics - Jiebang Technology - Tianyue Advanced [1] - Companies to watch include: - Luxshare Precision - GoerTek - Linyit Technology - Lens Technology - Yian Technology [1]

Group 1 - The Chinese Ministry of Commerce and the General Administration of Customs announced export controls on certain rare earth equipment and raw materials, marking the first time that overseas re-exports and rare earth-related technologies are included in the management, creating a closed-loop control of the entire industry chain [2][3] - The export control specifically involves five types of heavy rare earth elements and related products, including holmium, erbium, thulium, europium, and ytterbium, covering various forms such as metals, alloys, target materials, crystal materials, permanent magnetic materials, and luminescent materials [3] - The announcement indicates that if products manufactured overseas contain rare earth items originating from China, and their value exceeds 0.1%, they will be subject to control [3] Group 2 - The export controls are expected to severely impact the U.S. rare earth magnet industry, as efforts to reduce dependence on China are still in the early stages [4] - Major technology companies like Apple, Google, and Microsoft rely on rare earth materials for acoustic components, motors, and batteries in consumer electronics, and the latest restrictions are anticipated to cause further disruptions in the supply chain [4] - The U.S. President announced an additional 100% tariff on Chinese imports starting November 1, as a retaliation against China's recent export control measures [4][5] Group 3 - The U.S. export controls on key software are expected to impact the global supply chain, narrowing the channels for Chinese companies to access advanced software, which may lead to short-term "bottleneck" risks [5] - In the long term, these restrictions may drive domestic software development in China, while U.S. software companies could face revenue losses due to the loss of the Chinese market [5] Group 4 - The domestic EDA software sector is accelerating technology integration and expanding product lines to enhance competitiveness, with companies like Gaon Electronics completing acquisitions to strengthen their capabilities [6] - The acquisition of specific EDA tool assets by Chip Vision aims to enhance the core EDA technology stack and improve automation capabilities [7] - The carbon silicon industry is experiencing explosive growth driven by global energy transformation and AI, with significant advancements in technology and product development among A-share SiC concept stocks [8][9]

Group 1 - Tianyue Advanced's stock price increased by 3.33% on October 9, with a trading volume of 1.207 billion yuan. The financing buy-in amount was 202 million yuan, while the financing repayment was 225 million yuan, resulting in a net financing outflow of 23.05 million yuan. The total financing and securities lending balance reached 1.121 billion yuan as of October 9 [1] - The financing balance of Tianyue Advanced was 1.113 billion yuan, accounting for 3.05% of its circulating market value, which is above the 90th percentile level over the past year, indicating a high level of financing [1] - On the same day, Tianyue Advanced repaid 6,600 shares in securities lending and sold 5,247 shares, with a selling amount of 445,500 yuan. The remaining securities lending volume was 97,000 shares, with a balance of 8.2344 million yuan, also exceeding the 90th percentile level over the past year [1] Group 2 - As of June 30, the number of shareholders of Tianyue Advanced was 17,000, a decrease of 6.53% from the previous period. 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%. The net profit attributable to the parent company was 10.8802 million yuan, down 89.32% year-on-year [2] - Among the top ten circulating shareholders as of June 30, 2025, the Huaxia SSE Sci-Tech Innovation Board 50 ETF held 9.6279 million shares, a decrease of 56,200 shares. The E Fund SSE Sci-Tech Innovation Board 50 ETF increased its holdings by 203,700 shares to 7.1196 million shares. New shareholder Galaxy Innovation Mixed A held 5.7 million shares, while the Harvest SSE Sci-Tech Innovation Board Chip ETF increased its holdings by 38.03% to 4.079 million shares [2]

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: 2025年9月30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: 2025年10月9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 | | | 47,745,700 | RMB | | 1 | RMB | | 47,745,700 | | 增加 / 減少 (-) | | | 7,161,800 | | | | RMB | | 7,161,800 | | 本月底結存 | | | 54,907,500 | RMB | | 1 | RMB | | 54,907,5 ...