Tianyue Advanced's revenue in the first quarter of 2024 increased by 120.66%

Tianyue Advanced achieved revenue of 426 million yuan in the first quarter of 2024, a year-on-year increase of 120.66%. Net profit attributable to the parent reached 46 million yuan, and net profit attributable to the parent after deducting non-recurring items was 44 million yuan. This growth was mainly due to the expansion of the SiC semiconductor material market and the increase in the production capacity of conductive products. In addition, Tianyue Advanced has also signed a cooperation agreement with Infineon to provide it with 6-inch SiC substrates and crystal rods.