SICC: INSIDE INFORMATIONPRELIMINARY RESULTS ANNOUNCEMENTFOR THE YEAR OF 2025

Tianyue Advanced released its 2025 annual earnings flash report, showing operating revenue of RMB 1.465 billion for the period, a year-on-year decrease of 17.15%; net loss attributable to the parent company's owners was RMB 208 million, compared to a profit of RMB 179 million in the same period last year. As of the end of the reporting period, the company's total assets amounted to RMB 9.583 billion, an increase of 30.26% from the beginning of the period; owner's equity attributable to the parent company reached RMB 7.174 billion, growing by 35.03% from the beginning of the period.The decline in performance was mainly affected by multiple factors: intensified market competition in the silicon carbide substrate industry, with the company implementing a phased market strategy...Show More

Tianyue Advanced released its 2025 annual earnings flash report, showing operating revenue of RMB 1.465 billion for the period, a year-on-year decrease of 17.15%; net loss attributable to the parent company's owners was RMB 208 million, compared to a profit of RMB 179 million in the same period last year. As of the end of the reporting period, the company's total assets amounted to RMB 9.583 billion, an increase of 30.26% from the beginning of the period; owner's equity attributable to the parent company reached RMB 7.174 billion, growing by 35.03% from the beginning of the period.The decline in performance was mainly affected by multiple factors: intensified market competition in the silicon carbide substrate industry, with the company implementing a phased market strategy adjustment to expand its market share, resulting in a decrease in the average selling price of products; increased investment in market promotion and R&D efforts, leading to a year-on-year rise in related expenses; simultaneously, impacts from tax matters and exchange rate fluctuations caused an increase in income tax expenses and penalties. During the period, the company completed its H-share issuance, and the receipt of raised funds contributed to a steady increase in asset size.