Tianyue Advanced (688234): Overseas market development successfully became the top three in the world for conductive silicon carbide substrates

Incident: The company released its 2023 report23. The annual results were in line with expectations, and the scale effect led to a continuous increase in profitability. 23 Throughout the year, the company achieved revenue of 1.25 billion yuan, YoY +200%, net profit to mother - 50 million yuan

東吳證券Apr 16 20:21

Guohai Securities released a research report on April 14 stating that it gave Tianyue Advanced (688234.SH) a purchase rating. The main reasons for the rating include: 1) rapid rise in production capacity and continuous improvement in profitability; 2) lon

Guohai Securities released a research report on April 14 stating that it gave Tianyue Advanced (688234.SH) a purchase rating. The main reasons for the rating include: 1) rapid rise in production capacity and continuous improvement in profitability; 2) long-term binding to leading international customers such as Infineon and Bosch, leading the global conductive silicon carbide market in 2023; 3) the market share of substrates rose to second place in the world; 4) R&D expenses continued to grow, leading the automotive-grade and 8-inch product industry. (Mainichi Keizai Shimbun)

Zhitong FinanceApr 14 22:57

Tianyue Advanced (688234) 2023 Annual Report Review: High growth in SIC substrate production and sales throughout the year, significant improvement in profitability

Incident: The company released its annual report for 23 years, with revenue of 1,251 billion yuan, YoY +199.90%; net profit to mother - 46 million yuan, net profit not attributable to mother - 113 million yuan, all with year-on-year loss reduction; main business gross

西部證券Apr 14 00:00

Tianyue Advanced (688234) 2023 Annual Report Review Report: Capacity Expansion+Successful Development of Major Customers Continued Improvement in Profit Levels

Event: On April 11, Tianyue Advanced released its 2023 annual report. In 2023, it achieved revenue of 1,251 billion yuan, an increase of 19.90% over the previous year; net profit to mother was -46 million yuan, compared to 2022

國海證券Apr 14 00:00

Tianyue Advanced (688234): Product production continues to increase, ranking second in the global conductive silicon carbide substrate market

Matters: The company announced its 2023 annual report. In 2023, the company achieved revenue of 1,251 billion yuan, an increase of 199.90% over the previous year; net profit attributable to shareholders of listed companies - 45.72 million yuan, which is narrower than the loss for the same period last year. Safety point of view:

平安證券Apr 13 00:00

Affected by the rising production capacity of new projects, Tianyue Advanced's revenue growth in 2023 will not increase profit, and overseas revenue will increase 8 times year-on-year

① The company said it mainly benefited from the expansion of the overall silicon carbide market size and the smooth rise in production capacity after delivery of the company's Lingang plant, which increased both revenue and profit. ② During the reporting period, the company's top five customers accounted for 51.16% of total sales in 2023, and the customer concentration was high.

cls.cnApr 12 12:16