Core Viewpoint - Tianyue Advanced (02631) has seen a significant stock price increase of 8.69%, currently trading at 45.76 HKD, with a transaction volume of 144 million HKD. The company reported total revenue of approximately 794 million CNY and a net profit attributable to shareholders of about 10.88 million CNY for the first half of the year. The company has established a product matrix for 6/8/12 inch silicon carbide substrates, including high-purity semi-insulating, conductive P-type, and conductive N-type substrates in 12 inches. According to Galaxy Securities, Tianyue Advanced is a leading enterprise in China's silicon carbide semiconductor substrate materials sector, having achieved industrialization breakthroughs from 4 inches to 12 inches. Looking ahead, the company is expected to enter a second growth phase, leveraging its technological advantages and the emergence of new applications such as AI glasses and data centers [1]. Company Performance - Tianyue Advanced's stock price increased by 8.69%, currently at 45.76 HKD, with a trading volume of 144 million HKD [1]. - The company achieved total revenue of approximately 794 million CNY and a net profit of about 10.88 million CNY in the first half of the year [1]. Product Development - The company has developed a product matrix for 6/8/12 inch silicon carbide substrates, including 12-inch high-purity semi-insulating, conductive P-type, and conductive N-type substrates [1]. - Tianyue Advanced has successfully industrialized substrate production from 4 inches to 12 inches [1]. Industry Position - Tianyue Advanced is recognized as a leading enterprise in the silicon carbide semiconductor substrate materials sector in China [1]. - The company is expected to benefit from its technological advantages and the growth of emerging applications such as AI glasses and data centers, potentially entering a second growth phase [1].