On April 28, Tianyue advanced released the first quarter report of 2022. In the first quarter, the company achieved a revenue of 68 million yuan and a net profit attributable to the parent company of – 44 million yuan, a decrease compared with the same period last year. The main reasons are: since the beginning of the year, the epidemic situation in China has had varying degrees of impact on the company’s customers, supply chain, R & D cooperation and production operation, the company’s product delivery has been affected, and the delivery of some orders has been delayed, resulting in a decline in revenue. Its Shanghai Lingang Holdings Co.Ltd(600848) project has been under static management for a long time due to the relevant requirements of Shanghai epidemic prevention. In the same period, the company increased R & D investment in large-size and conductive products, and the R & D expenses increased significantly year-on-year, affecting the net profit.
In recent years, Tianyue advanced has continued to increase R & D investment. On the one hand, the company continues to increase R & D investment related to the large-scale industrialization of conductive substrates, so as to lay the foundation for the production of Shanghai Lingang Holdings Co.Ltd(600848) project; On the other hand, the company continues to increase the R & D and technical iteration of large-scale high-performance index products, and continues to maintain a leading competitive advantage.
It is worth noting that Tianyue advanced and 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. “
The third generation semiconductor silicon carbide devices are in a period of rapid development. In order to seize the industrial highland, Tianyue advanced 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. The company has accelerated the customer verification of 6-inch conductive substrate. At present, the verification work is progressing smoothly, and a small batch supply has been formed for some customers.
