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Why SICC's (SHSE:688234) Earnings Are Weaker Than They Seem
Jefferies Adjusts SICC's Price Target to 60 Yuan From 66 Yuan, Keeps at Buy
SICC Co., Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
SICC Turns to Profit in H1
The demand for silicon carbide is increasing driven by new energy vehicles, and Tianyue Advanced's revenue and net profit both doubled in the first half of the year.
①Tianyue Advanced stated that during the reporting period, the continuous penetration of silicon carbide semiconductor materials in the fields of new energy autos and wind and solar energy storage has led to continued expansion of the downstream application market; ②The industry generally believes that compared to mature silicon wafer manufacturing processes, silicon carbide substrates will still face challenges in terms of preparation difficulty and high cost in the short term.
Shandong Tianyue Advanced Technology Co., Ltd. 2024 Semi-annual Report
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