新股消息 | 天域半导体通过港交所聆讯 6英吋及8英吋外延片年产约42万片

Core Viewpoint - Tianyu Semiconductor is the largest manufacturer of silicon carbide (SiC) epitaxial wafers in China by revenue and sales volume, with market shares of 30.6% and 32.5% respectively for 2024 [3]. Group 1: Market Position - In the global market, Tianyu Semiconductor ranks as the third-largest SiC epitaxial wafer manufacturer, holding market shares of 6.7% in revenue and 7.8% in sales volume [3]. - The company has achieved mass production capabilities for 4-inch, 6-inch, and 8-inch SiC epitaxial wafers, with the latter being achieved in 2023 [4]. Group 2: Production Capacity - By May 31, 2025, the annual production capacity for 6-inch and 8-inch epitaxial wafers is projected to be approximately 420,000 pieces, making the company one of the largest in China for these sizes [4]. Group 3: Financial Performance - Revenue figures for Tianyu Semiconductor are as follows: approximately RMB 437 million in 2022, RMB 1.171 billion in 2023, RMB 520 million in 2024, and RMB 257 million for the five months ending May 31, 2025 [5]. - The gross profit for the same periods was approximately RMB 87.5 million, RMB 217 million, a loss of RMB 374 million, and a gross profit of RMB 57.8 million respectively [5]. - The company's sales volume increased from 44,515 pieces in 2022 to 130,702 pieces in 2023, but is expected to decline to 78,928 pieces in 2024 [4]. Group 4: Industry Context - The rapid growth of the renewable energy sector in China and globally has significantly increased the demand for SiC products, benefiting Tianyu Semiconductor [4]. - SiC is recognized for its superior performance compared to traditional semiconductor materials like silicon, making it suitable for high-voltage, high-temperature, and high-frequency applications [3].