Group 1 - Tianyue Advanced (2631.HK), a manufacturer of silicon carbide substrates, is set to be listed in Hong Kong on August 20, with its stock showing a significant increase in the dark market, rising by 28.5% to HKD 55 before closing at HKD 47.96, which is a 12.06% increase from the issue price of HKD 42.8 [1] - The company has been focused on the wide bandgap semiconductor materials industry for over 14 years and is recognized as one of the top three silicon carbide substrate manufacturers globally based on sales revenue projected for 2024, according to Frost & Sullivan [1] - Tianyue Advanced has achieved industrialization of semi-insulating silicon carbide substrates and is advancing towards the production of conductive silicon carbide substrates, with its substrate sizes increasing from 2 inches to 8 inches, and plans to launch the industry's first 12-inch silicon carbide substrate in 2024 [1] Group 2 - The stock's trading data shows a peak price of HKD 55, an opening price of HKD 50.4, and a trading volume of 4.5884 million shares, with a total transaction value of HKD 2.18 billion [2] - The company has a total market capitalization of HKD 22.899 billion, with a price-to-earnings ratio of 148.94 and a price-to-book ratio of 3.941 [2] - The stock has experienced a trading range of 23.36% and a turnover rate of 9.61%, with a 52-week high and low both recorded at HKD 55 and HKD 45 respectively [2]

天岳先进(02631)将于8月20日(周三)在香港挂牌。截至收盘，暗盘交易显示报价48.14港元，较招股价 42.80港元上涨12.48%，每手100股，不计手续费，每手赚534港元。 本文源自：智通财经网 ...

ilmallilli 18:30 lluminum 17:00 16:15 17:30 分时 5分 日K 1分 • 行情来源: 利弗莫尔证券 • 天岳先进(02631)将于8月20日(周三)在香港挂牌。截至收盘，利弗莫尔证券暗盘交易显示报价48.14港元，较招股价42.80港元上涨12.48%，每手100股，不 计手续费，每手赚534港元。 ...

ilml 18:30 lluminum 17:00 16:15 17:30 分时 1分 5分 日K • 行情来源: 利弗莫尔证券 • 天岳先进(02631)将于8月20日(周三)在香港挂牌。截至收盘，利弗莫尔证券暗盘交易显示报价48.14港元，较招股价42.80港元上涨12.48%，每手100股，不 计手续费，每手赚534港元。 ...

Core Viewpoint - Tianyue Advanced, a leading silicon carbide manufacturer backed by Huawei, is set to list on the Hong Kong Stock Exchange, with its stock price showing a significant increase in pre-market trading [1] Company Overview - Tianyue Advanced specializes in the wide bandgap semiconductor materials industry, focusing on the research and industrialization of silicon carbide substrates since its establishment [1] - The company is ranked among the top three global manufacturers of silicon carbide substrates based on sales revenue projected for 2024, according to Frost & Sullivan [1] Product Development - Tianyue Advanced has over 14 years of experience in the silicon carbide materials sector and was one of the first companies in China to industrialize semi-insulating silicon carbide substrates [1] - The company has successfully industrialized conductive silicon carbide substrates and has improved its product size capabilities, with mass production of silicon carbide substrates increasing from 2 inches to 8 inches, and plans to launch the industry's first 12-inch silicon carbide substrate in 2024 [1]

Group 1 - Tianyue Advanced's stock closed at 66.87 yuan, down 3.13%, currently trading below its issue price [1] - The company announced the final price for its H-share public offering at 42.80 HKD per share, excluding various fees [1] - The H-share issuance is expected to raise approximately 1,938.1 million HKD in net proceeds, assuming no exercise of the over-allotment option [1] Group 2 - Tianyue Advanced was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on January 12, 2022, with an issue price of 82.79 yuan per share [2] - The company raised a total of 3.558 billion yuan in its initial public offering, with a net amount of 3.203 billion yuan after deducting issuance costs [2] - The final net fundraising amount exceeded the original plan by 1.203 billion yuan, with funds intended for silicon carbide semiconductor material projects [2]

天岳先进(02631)将于8月20日(周三)在香港挂牌。截至发稿，利弗莫尔证券暗盘交易显示报价51.35港元，较招股价42.80港元上涨19.98%，每手100股，不 计手续费，每手赚855港元。 量 : 7400股 额 : 37.57万 17:30 18:00 18:30 16:15 17:00 分时 1分 5分 日K • 行情来源: 利弗莫尔证券 • | | 天岳先进 | ಇ ೧ | | | --- | --- | --- | --- | | | HK 02631 暗盘 | | | | | 成交量 7400股 最高 51.350 51.350 | 今开 51.000 | | | | 换手 0.02% 最低 50.050 +19.98% +8.550 | 总市 24.52亿 | | | | 20250819 16:15 价 51.350 19.98% 均 50.766 分时量 7400股 | | | | 19.98% | 51.350 | | | | | | 十档 | 成交明细 | | | | 51.950 | - - (- -) | | | | 51.900 | - -(- -) | | | | 51.8 ...

港股新股天岳先进暗盘涨超14%。 ...

量 : 7400股 额 : 37.57万 17:30 18:00 18:30 16:15 17:00 分时 1分 5分 日K • 行情来源: 利弗莫尔证券 • 智通财经APP获悉，天岳先进(02631)将于8月20日(周三)在香港挂牌。截至发稿，利弗莫尔证券暗盘交易显示报价51.35港元，较招股价42.80港元上涨 19.98%，每手100股，不计手续费，每手赚855港元。 | 天岳先进 | | | ಇ ರ | | | --- | --- | --- | --- | --- | | HK 02631 暗盘 | | | | | | 51.350 成交量 7400股 | 最高 51.350 | | 今开 51.000 | | | 换手 0.02% 最低 50.050 +19.98% +8.550 | | | 总市 24.52亿 | | | 20250819 16:15 价 51.350 19.98% 均 50.766 分时量 7400股 | | | | | | 51.350 | | 19.98% | 十档 | 成交明细 | | | | | 51.950 | - - (- -) | | | | | 51.900 | ...

Core Viewpoint - Tianyue Advanced's stock price has shown significant growth, reflecting strong financial performance and strategic expansion plans in the silicon carbide substrate market [1] Company Performance - As of August 18, 2025, Tianyue Advanced's stock price reached 69.03 yuan, an increase of 4.49 yuan from the previous trading day [1] - The company reported a 41.37% year-on-year increase in operating revenue for 2024 and a remarkable 491.56% increase in net profit attributable to shareholders [1] - In the first quarter of 2025, the company's R&D investment was 44.94 million yuan, marking a 101.67% year-on-year growth [1] Market Activity - The stock opened at 65.90 yuan, with a daily high of 70.80 yuan and a low of 64.13 yuan, with a trading volume of 156,650 hands and a transaction amount of 1.06 billion yuan [1] - On August 18, the net outflow of main funds was 28.36 million yuan, accounting for 0.1% of the circulating market value, while the cumulative net inflow over the past five days was 14.78 million yuan, representing 0.05% of the circulating market value [1] Strategic Initiatives - The company has set the H-share issuance price at 42.80 HKD per share, with the listing on the Hong Kong Stock Exchange expected on August 20 [1] - A total of 47.75 million shares will be globally offered, with anticipated net fundraising of approximately 1.938 billion HKD, aimed at expanding production capacity for 8-inch and larger silicon carbide substrates [1]