Core Viewpoint - Tianyu Semiconductor (02658) experienced a rebound of over 12% on its second day of trading, reaching a high of 46.16 HKD, still 20% lower than its IPO price of 58 HKD [1] Company Overview - Tianyu Semiconductor is the largest manufacturer of silicon carbide (SiC) epitaxial wafers in China, holding market shares of 30.6% in revenue and 32.5% in sales for 2024 [1] - As of the end of May this year, the company's annual production capacity for 6-inch and 8-inch epitaxial wafers is approximately 420,000 pieces, making it one of the companies with the highest capacity in this field in China [1] Financial Performance - Revenue figures for Tianyu Semiconductor are projected at 437 million, 1.171 billion, and 520 million CNY for the years 2022, 2023, and 2024 respectively [1] - Net profit is expected to increase from 2.814 million CNY to 95.882 million CNY, followed by a projected loss of 500 million CNY in 2024 [1] - For the first five months of 2025, the company reported revenue of 257 million CNY and a net profit of 9.515 million CNY [1] Market Dynamics - The decline in the company's performance in 2024 is attributed to a decrease in market prices for silicon carbide epitaxial wafers and reduced overseas sales [1] - Hubble Technology, affiliated with Huawei, holds shares in the company, which is expected to provide significant growth potential for the business in the medium to long term [1]
天域半导体上市次日反弹逾12% 仍较招股价低20%