The Zhitong Finance App learned that the power semiconductor sector had the highest increase. As of press release, Huahong Hongli (01347) rose 13.48% to HK$67.35; Tianyue Advanced (02631) rose 12.67% to HK$43.76; InnoSec (02577) rose 10.67% to HK$28; and basic semiconductors (09971) rose 4.57% to HK$32.94.

According to the news, recently, the disclosure of the three quarterly reports of A-share third-generation semiconductor industry chain listed companies has basically come to an end. The substrate link is upstream of the silicon carbide industry chain, and it is also the link with the most outstanding resilience in this round of performance repair. Tianyue Advanced's third-quarter revenue was 646 million yuan, up 102.89% year on year, and net profit to mother was 858.329 million yuan, a significant improvement over the previous month. IDM and power device manufacturers continue to differentiate, and SiC modules are the core incremental source for some companies.

CITIC Construction Investment pointed out that the AIDC outbreak has driven power semiconductors into a new cycle of demand. From the perspective of technological iteration, SiC power devices are well suited to the technical trend of HVDC iteration and are one of the core components of power supply hosts. According to estimates, under the AIDC explosion+ technology iteration, 2030 is expected to bring incremental demand for 10 billion SiC power devices.

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