Hantian Tiancheng plans to list on the Science and Technology Innovation Board and raise 3.5 billion yuan to expand production of SiC epitaxial wafers

The Shanghai Stock Exchange has accepted Hantian Tiancheng's IPO application, and plans to raise 3.503 billion yuan to build a 6-8 inch SiC epitaxial wafer industrialization project, a technology center construction project and to supplement working capital. At present, Hantian Tiancheng's monthly production capacity is about 40,000 pieces. In the first half of 2023, the production capacity will reach 120,100 pieces and the output will be 109,400 pieces, a significant year-on-year increase. Hantian Tiancheng plans to raise about 3.5 billion yuan. If it goes public successfully, its market value is expected to reach 35 billion yuan.