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套现或超6亿!天岳先进重要股东拟减持不超954.91万股

Core Viewpoint - Tianyue Advanced (688234.SH) announced a plan for shareholder Guocai Fund to reduce its stake by up to 9.55 million shares, representing 2.00% of the total share capital, between September 17, 2025, and December 16, 2025 [1][3]. Group 1: Shareholder Reduction Plan - Guocai Fund plans to cash out approximately 624 million yuan based on Tianyue Advanced's closing price of 65.34 yuan per share on August 25 [3]. - The reduction will occur through a combination of centralized bidding and block trading, with each method involving a maximum of 4.77 million shares, or 1.00% of the total share capital [3]. - Prior to the reduction, Guocai Fund held 38.67 million shares, accounting for 8.10% of the total share capital [3][5]. Group 2: Company Listing and Share Dilution - Tianyue Advanced officially listed on the Hong Kong Stock Exchange on August 20, becoming the only "A+H" listed silicon carbide substrate company in both markets [4]. - The issuance of H-shares led to an increase in total share capital, resulting in a passive dilution of shareholding percentages for existing shareholders [4]. Group 3: Company Performance - Tianyue Advanced, established in November 2010, is a leading producer of wide-bandgap semiconductor materials, focusing on the research, production, and sales of silicon carbide semiconductor materials [5]. - The company reported a turnaround in performance, achieving a revenue of 1.768 billion yuan in 2024, a year-on-year increase of 41.37%, and a net profit of 179 million yuan, up 491.56% [5]. - In the first quarter of this year, the company recorded a revenue of 408 million yuan, a year-on-year decrease of 4.25%, and a net profit of 8.52 million yuan, down 81.52% [5].