On the evening of April 28, Tianyue advanced released the first quarter report of 2022. The company achieved a revenue of 68 million yuan and a net profit attributable to the parent company of – 44 million yuan, down from the same period last year.
The quarterly report shows that the covid-19 pneumonia epidemic distributed in many places in China since the beginning of the year has affected the delivery of the company’s products, and the delivery of some orders has been delayed, resulting in a decline in revenue. Zong Yanmin, chairman of the company, said that the covid-19 pneumonia epidemic has affected the company’s customers, supply chain, R & D cooperation and production operation to varying degrees. Among them, the Shanghai Lingang Holdings Co.Ltd(600848) project has been under static management for a long time due to the requirements of Shanghai epidemic prevention.
The first quarterly report showed that the company increased investment in R & D of large-size and conductive products, and the R & D expenses increased significantly year-on-year, affecting the net profit.
It is worth noting that Tianyue advanced announced on the evening of April 24 that the company has recently obtained IATF 169492016 quality management system certification, covering the design and production of silicon carbide crystal materials. The announcement said, “IATF 16949 was issued by the international automotive working group (IATF) and approved by the international standards organization (ISO) The main recognized norms are the quality management system of automobile production parts and related service parts. The certification of the system shows that the company fully complies with the requirements of IATF 169492016 quality management system in the design and production of silicon carbide crystal materials, which indicates that the company has obtained the access permit to enter the supply chain of automobile industry at home and abroad, and provides a more favorable guarantee for the further expansion of the company’s silicon carbide products in the global automobile market. “
With the development of 5g base station construction, electric vehicle, charging pile, UHV, intercity high-speed railway and other industries, the performance of semiconductor devices also needs to be continuously improved, that is, higher working voltage, higher working frequency, higher efficiency, higher working temperature, stronger heat dissipation capacity and higher reliability. There will be a huge demand for the third generation semiconductor silicon carbide devices, and the industry is in a period of rapid development.
The company seizes the industrial highland according to the market demand and actively optimizes the production capacity layout. At present, the company’s Shandong Jinan factory mainly produces semi insulating substrates. The project prepared by the company in Shanghai Lingang Holdings Co.Ltd(600848) will be aimed at increasing the production capacity of 6-inch conductive silicon carbide substrates. It is reported that the company accelerated the customer verification of 6-inch conductive substrate in 2022. At present, the verification work is progressing smoothly, and a small batch supply has been formed for some customers.
It is understood that Tianyue advanced has always been highly concerned by the market. The company recently announced that it will hold an investor reception day on May 9, and has accepted the research of hundreds of investment institutions outside China in early April. The company said that it would focus on the blue ocean market of conductive silicon carbide substrate and speed up the production capacity construction and product certification of conductive silicon carbide substrate by relying on its technical advantages.
