Since the beginning of 2024, 800V silicon carbide models such as Huawei Smart S7, Wenjie M9, and Xiaomi Auto have been released intensively. In this regard, institutional analysts pointed out that the penetration rate of silicon carbide in new energy electric vehicles is expected to double in 2024. In 2026, domestic silicon carbide substrates are expected to reach 5 million pieces, which is 10 times the domestic silicon carbide substrate production capacity in 2022. This will provide huge market opportunities for silicon carbide substrate companies such as Tianyue Advanced. Can your company ke

Tianyue Advanced: Dear investors, hello! In recent years, the company has continued to increase its production capacity. In 2023, the company's Shanghai Lingang factory was successfully put into production, and the expansion progressed smoothly. With the increase in production capacity, the company's operating performance has grown rapidly. According to the 2023 global conductive silicon carbide substrate material market share calculated by Fuji Economic Report, an authoritative industry research organization in Japan, the company ranks among the top three, but there is still a lot of room for improvement. At present, the second phase of the company's Lingang factory's capacity planning has also been put on the agenda. The company will continue to promote the increase in production capacity and output of the Lingang factory based on downstream market and customer demand, and seize industry development opportunities. Thank you for your attention!