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 significant market shares in both domestic and global markets [1][2]. Group 1: Company Overview - Tianyu Semiconductor is the largest SiC epitaxial wafer manufacturer in China, holding a market share of 30.6% in revenue and 32.5% in sales volume for the year 2024 [1]. - The company ranks as the third-largest SiC epitaxial wafer manufacturer globally, with a market share of 6.7% in revenue and 7.8% in sales volume [1]. - 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 [2]. Group 2: Production Capacity and Sales - By May 31, 2025, Tianyu Semiconductor's annual production capacity for 6-inch and 8-inch epitaxial wafers is projected to be approximately 420,000 wafers, making it one of the largest companies in China for these sizes [2]. - The company's sales volume increased from 44,515 wafers in 2022 to 130,702 wafers in 2023, but is expected to decline to 78,928 wafers in 2024 [2]. - The sales volume for the five months ending May 31, 2025, is projected to rise from 37,391 wafers to 77,709 wafers for the same period in 2024 [2]. Group 3: Financial Performance - Tianyu Semiconductor's revenue for the fiscal years 2022, 2023, 2024, and the five months ending May 31, 2025, were approximately RMB 437 million, RMB 1.171 billion, RMB 520 million, and RMB 257 million, respectively [3]. - The company's gross profit for the same periods were approximately RMB 87.486 million, RMB 217 million, -RMB 374 million, and RMB 57.765 million [3].