Tianyue Advanced's performance in the first half of the year increased significantly, turning losses into profits

In the first half of 2024, Tianyue Advanced achieved significant performance growth, with revenue reaching 912 million yuan, a year-on-year increase of 108.27%, and net profit attributable to shareholders of the parent company of 102 million yuan, successfully turning losses into profits. In terms of products, the company has achieved mass supply of silicon carbide substrates of various specifications, and its main customers include well-known companies in the fields of power electronics, 5G communications, and automotive electronics.