Hong Kong Stocks Movement | Tianyue Advanced (02631) rises nearly 4% as R&D expenditure increases by approximately 34.94% year-on-year in the first half of the year; the company's clients have successfully entered the NVIDIA supply chain

According to Jinse Finance APP, Tianyue Advanced (02631) rose nearly 4% during trading; as of press time, it was up 3.17% at HK$44.88, with a turnover of HK$82.93 million.

In terms of news, recently, Tianyue Advanced announced its interim results for 2025, achieving total revenue of approximately RMB 794 million, a year-on-year decrease of about 12.98%; R&D expenditure was about RMB 75.85 million, a year-on-year increase of about 34.94%; net profit attributable to shareholders of the listed company was about RMB 10.88 million, with earnings per share of RMB 0.03. The announcement stated that the increase in R&D expenditure was mainly used for technological breakthroughs in large-size substrate products and the expansion into emerging application fields such as AR glasses. The decrease in revenue was mainly due to the company’s continued efforts to increase the penetration of silicon carbide substrate materials in downstream applications and to improve the market share of its products, resulting in a year-on-year decline in substrate sales prices.

The group has made an advanced layout in the matrix of silicon carbide substrate products. The group’s 8-inch conductive substrate products lead in quality and mass supply capability, making it one of the few market participants globally capable of mass shipping 8-inch silicon carbide substrates, and it continues to promote leading customers to actively transition to 8-inch products. Currently, the group has formed a 6/8/12-inch silicon carbide substrate product matrix, including 12-inch high-purity semi-insulating silicon carbide substrates, 12-inch conductive P-type, and 12-inch conductive N-type silicon carbide substrates. As the silicon carbide industry fully enters the “12-inch new era,” the group will use ultra-large size technology and products as a fulcrum to continue to deeply cultivate the blue ocean market of silicon carbide semiconductor materials.

In addition, Tianyue Advanced stated on the interactive platform that the company has always been committed to building a close cooperative ecosystem with customers and suppliers to jointly promote the development of the silicon carbide industry; in terms of cooperation results, the company has now established business partnerships with more than half of the world’s top ten power semiconductor device manufacturers (by 2024 revenue). The company’s customers, Infineon and Onsemi, have successfully entered the supply chain of industry giants such as Nvidia, becoming an important part of the AI computing power infrastructure.