Changes in Hong Kong stocks | Tianyue Advanced (02631) rose by up to 12%, domestic and foreign manufacturers increased prices intensively and landed in the company's core customer base and had strong visibility

The Zhitong Finance App learned that Tianyue Advanced (02631) rose by more than 12%. As of press release, it had risen 9.11% to HK$62.9, with a turnover of HK$211 million.

According to the news, domestic and foreign manufacturers have recently implemented intensive price increases. Overseas leaders such as Infineon and Texas Instruments have raised prices several times during the year. Domestic manufacturers such as China Resources Wei, Silanwei, Xinjie, and Jiejie Microelectronics have followed suit. The increase in all categories is generally in the 10%-20% range. CITIC Securities said earlier that the power device sector is facing a double catalyst of confirmation of the second round of price increase cycles and the explosion of AI power supply demand. It is expected that this round of price increases will continue until 2027. Relevant manufacturers are expected to start a new round of rapid revenue growth, while profitability has recovered significantly, and they are optimistic about the overall upward opportunities in the power device sector.

The international brokerage of Dongwu Securities released a research report stating that 8 inches is the core variable for Tianyue Advanced's 2026 performance recovery. The current supply and demand for 8-inch substrates is clearly less than demand. The company's production capacity is at full capacity, and it has become the main driving force for the increase in overall gross margin. On the customer side, Infineon's order volume doubled year-on-year in 2026, making it the overseas customer with the highest order saturation; on the domestic side, the company's share of the supply of 8-inch substrates integrated with Xinlian reached 80%-90%, which is close to exclusive supply. CRRC's monthly shipments are stable at more than 3,000 pieces, and the core customer volume has strong visibility.