Tianyue Advanced 2024 Performance Report Released

In 2024, Tianyue Advanced achieved an operating income of 1.768 billion yuan, a year-on-year increase of 41.37%; the net profit attributable to shareholders of the listed company reached 179 million yuan, successfully turning losses into profits. The company's silicon carbide substrate output reached 410,200 pieces, an increase of 56.56% over 2023, and the product gross profit reached 32.92%, an increase of 15.39 percentage points over the same period last year.