Shandong Tianyue Advanced Technology's revenue will grow in 2023, and its customer base will continue to expand

Shandong Tianyue Advanced Technology's 2023 annual report shows that the company's revenue has increased significantly, mainly due to the application penetration in downstream new energy vehicles, photovoltaic power generation, energy storage and other fields, as well as the recognition of the company's high-quality silicon carbide substrates. The company's customer base continues to increase, and it has cooperated with well-known domestic and foreign companies. The product delivery of the Shanghai Lingang Smart Factory has laid the foundation for the company's production capacity and output increase. The company's smart factory in Shanghai Lingang began product delivery in mid-2023.