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SICC Co. Ltd.

SICC Co., Ltd. researches, develops, produces, and sells silicon carbide substrate materials in China and internationally, working to industrialize silicon carbide substrates for the renewable energy and AI sectors. Its offerings include conductive silicon carbide single crystal and semi-insulating substrate materials, along with graphite and carbon products and wide bandgap semiconductor substrate materials. These products serve microwave and power electronics, as well as applications such as new energy vehicles, AI data centers, photovoltaic systems, AI glasses, rail transportation, power grids, home appliances, and advanced communication base stations. The company also provides technical development, consultation, and promotion services, and engages in investment activities. Formerly known as SICC Materials Co., Ltd., it changed its name to SICC Co., Ltd. in November 2020, was founded in 2010, and is based in Jinan, China.

Price · split & dividend adjusted
News & notes moving 2631.HK
2631.HK

SICC swings to a net loss in its 2026 interim report

SICC released its 2026 interim report, with net profit attributable to the parent company at negative 58.6166 million yuan, swinging from profit to loss. The company's total operating revenue was 914 million yuan, up 15.10% from the same period last year. Net cash flow from operating activities was negative 20.2551 million yuan, down 107.00% year on year. The company's latest gross margin was 22.86%, up 3.75 percentage points from the previous quarter, marking two consecutive quarters of increase.
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Critical Materials & Supply Chain2

Tianyu Advanced reports first-half net loss of 58.62 million yuan, down 638.75% year-on-year

Tianyu Advanced released its 2026 interim report, showing a net loss attributable to the parent of 58.62 million yuan for the first half, a year-on-year decline of 638.75%. The company's operating revenue was 914 million yuan, up 15.1% year-on-year. Net profit attributable to the parent after deducting non-recurring items widened from a loss of 10.94 million yuan in the same period last year to a loss of 87.34 million yuan. Net operating cash flow was negative 20.26 million yuan, down 107.0% year-on-year. In the second quarter, operating revenue was 548 million yuan, up 42.1% year-on-year, while net profit attributable to the parent was 1.89 million yuan, down 19.9% year-on-year. The company said that, supported by its leading position in the large-size silicon carbide substrate market and cost-reduction and efficiency measures, product prices have gradually stabilized, and it has successfully launched 8-inch and 12-inch silicon carbide substrate products. However, short-term challenges such as exchange rate fluctuations, asset impairments, and credit impairment losses continued to weigh on performance.
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Critical Materials & Supply Chain

SICC Wins Shandong Provincial Special Award for Scientific and Technological Progress, Leads Globally in 12-Inch Silicon Carbide Substrates

The project "Key Technology R&D and Industrialization of Large-Size High-Quality Silicon Carbide Semiconductor Substrate Materials," led by SICC, has won the Special Award of the 2025 Shandong Provincial Science and Technology Progress Award, one of only two such awards in the province. The company has spent a decade deeply cultivating core technologies across the entire silicon carbide substrate chain, completely breaking overseas monopolies. It globally debuted 12-inch silicon carbide substrates in 2024 and completed the full series product breakthrough in 2025, propelling the industry into the 12-inch era. According to a March 2026 report by Japan's Fuji Keizai, SICC held a 27.6 percent share of the global conductive-type silicon carbide substrate market in 2025, ranking first, with a 51.3 percent global market share for high-end 8-inch substrates. In 2025, the company's R&D expenses reached 166 million yuan, a year-on-year increase of 16.91 percent, with continued investment in areas such as 12-inch industrialization. Leveraging features like high thermal conductivity and low loss, 12-inch substrates have successfully opened up two emerging markets each worth tens of billions of yuan: AI advanced packaging and computing power heat dissipation, and AR optics and automotive smart displays.
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