8月20日，天岳先进正式在港交所挂牌上市。 据公司在港交所公告显示，公司全球发售47745700股H股，最终发售价每股42.80港元。 | 公司資料 | | | --- | --- | | 股份代號 | 2631 | | 股份簡稱 | SICC | | 開始買賣日 | 2025年8月20日* | | * 施為用八年度如果社 | | | 慣格資料 | | | --- | --- | | 最终發售價 | 42.80 港元 | | 最高發售價 | 42.80 港元 | | 發售股份及股本 | | | --- | --- | | 發售股份數目 | 47,745,700 | | 公開發售的最終發售股份數目(經重新分配後) | 16,711,000 | | 國際發售的最終發售股份數目(經重新分配後) | 31,034,700 | | 於上市時已發行的股份數目（於行使超額配股權之前） | 477.456.744 | 截至收盘，天岳先进港股股价上涨6.4%，报45.54港元，总市值217.43亿港元（约合人民币200亿元）。 公开资料显示，山东天岳先进科技股份有限公司成立于2010年11月，是一家专注于宽禁带（第三代）半导体 ...

Core Viewpoint - Shandong Tianyue Advanced Technology Co., Ltd. is a leading manufacturer of silicon carbide substrates, ranking among the top three globally with a market share of 16.7% as of 2024 [3][4]. Company Overview - Founded in November 2010, Tianyue Advanced focuses on the research, production, and sales of wide-bandgap (third-generation) semiconductor silicon carbide substrate materials [3]. - The company has gained significant attention from capital markets since 2019, with notable investments from major players like Huawei's Hubble Investment [4][10]. Financial Performance - In 2021, Tianyue Advanced reported revenue of 494 million yuan, a year-on-year increase of 16.25%, and a net profit of 89.95 million yuan, up 114.02% [9]. - The company faced a revenue decline of 15.56% in 2022, with total revenue dropping to 417 million yuan and a net loss of 175 million yuan [9]. - In 2023, revenue surged by 199.9% to 1.25 billion yuan, although the company continued to report losses [10]. - The company is projected to achieve profitability in 2024, with expected revenue of 1.768 billion yuan, a 41.37% increase year-on-year, and a net profit of 179 million yuan [10]. Market Position and Applications - Tianyue Advanced's silicon carbide materials are essential for renewable energy and AI industries, with applications in electric vehicles, AI data centers, photovoltaic systems, and advanced communication bases [4][10]. - The company has expanded its overseas business significantly, with international revenue reaching 840 million yuan, a 104.43% increase, marking the first time overseas revenue surpassed domestic revenue [11]. Shareholder Structure - The largest shareholder, Zong Yanmin, holds 30.09% of the shares, followed by other significant investors including Hubble Investment with 6.34% [9][10]. - Strategic placements include investments from industry leaders such as CATL, SAIC Group, and XPeng Motors [9].