Group 1 - The company, Tianyu Semiconductor, plans to conduct an initial public offering (IPO) from November 27 to December 2, 2025, offering 30.07 million H-shares at a price of HKD 58.00 per share, with 10% allocated for public sale in Hong Kong and 90% for international sale [1] - The company has entered cornerstone investment agreements with Guangdong Original Forest and Glory Ocean, with cornerstone investors agreeing to subscribe for shares worth approximately HKD 161.5 million under certain conditions [1] - The net proceeds from the global offering are expected to be approximately HKD 1.671 billion, with 62.5% allocated for capacity expansion, 15.1% for R&D and innovation, 10.8% for strategic investments or acquisitions, 2.1% for global sales and marketing, and 9.5% for working capital and general corporate purposes [1] Group 2 - The company is a major manufacturer of self-produced silicon carbide (SiC) epitaxial wafers, ranking as the third largest in China by revenue and sales volume, with market shares of 6.7% and 7.8% respectively for 2024 [2] - The company is the largest manufacturer of self-produced SiC epitaxial wafers in the Chinese market, holding a market share of 30.6% by revenue and 32.5% by sales volume for 2024 [2] - The company has achieved mass production of 4-inch and 6-inch SiC epitaxial wafers in 2014 and 2018, respectively, and has the capability for 8-inch wafer production as of 2023, with an annual capacity of approximately 420,000 pieces for 6-inch and 8-inch wafers as of May 31, 2025 [2] Group 3 - Financial data shows that revenue increased from RMB 437 million in 2022 to RMB 1.171 billion in 2023, but decreased to RMB 519.6 million in 2024 [3] - Net profit surged from RMB 2.8 million in 2022 to RMB 95.9 million in 2023, but the company reported a net loss of RMB 500 million in 2024 due to inventory write-downs and a decline in SiC wafer prices caused by temporary oversupply [3] - For the five months ending May 31, 2025, revenue decreased from RMB 297 million in the same period of 2024 to RMB 257 million, but the company transitioned from a state of gross loss and net loss in 2024 to gross profit and net profit in 2025 [3]