Changes in Hong Kong stocks | Tianyue Advanced (02631) rose more than 8% intraday, and 8-inch products became the core growth engine, accounting for more than half of revenue in the third quarter

The Zhitong Finance App learned that Tianyue Advanced (02631) rose more than 8% intraday. As of press release, it rose 6.59% to HK$45.58, with a turnover of HK$889.36 million.

According to the news, Tianyue Advanced recently announced its results. In the first three quarters, it achieved operating income of 1,559 billion yuan, an increase of 40.22% over the previous year; net profit to mother was 27.212,200 yuan, an increase of 2330.24% over the previous year. Among them, the third quarter achieved revenue of 646 million yuan in a single quarter, an increase of 102.89% over the previous year; net profit to mother was 858.329 million yuan, an increase of more than 44 times over the second quarter's net profit of 1.89 million yuan, and business performance achieved a transformative recovery.

It is worth noting that Tianyue Advanced already accounted for more than 50% of the revenue from 8-inch silicon carbide substrates in the third quarter. The company has previously positioned the 8-inch product as a “core growth engine.” Industry research shows that 8-inch substrates have been in short supply since the second quarter of 2026, and the gap has not narrowed so far. Manufacturers that are the first to complete large-scale mass production and have stable batch delivery will take the initiative in this round of supply structure reversal.