At the semi-annual results meeting on September 11, regarding the price trend of silicon carbide substrates, Zong Yanmin, chairman and general manager of Tianyue Advanced, analyzed that the industry is gradually shifting from the previous stage of rapid price adjustment to a new stage of “price stabilization and demand expansion.” Judging from the company's personal experience, product prices have basically stabilized since the beginning of the year, and the market supply and demand pattern continues to improve. Zong Yanmin explained that at present, the sales volume of the company's silicon carbide substrate products has increased significantly, market demand is showing a positive trend, production and marketing connection efficiency has been effectively improved, and the sales growth rate is higher than the production volume growth rate, reflecting the continuous expansion of downstream application scenarios and the increase in penetration rate. At this stage, the company's production capacity supply is already tight. With the continuous expansion of emerging application fields such as downstream new energy vehicles, green energy optical storage and charging, and AI data centers, production capacity is expected to become even more tight in the second half of the year.

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