Changes in Hong Kong stocks | Hantian Tiancheng (02726) rose more than 8% recently announced a huge increase in purchases and cooperation, and the silicon carbide industry chain is in high demand

The Zhitong Finance App learned that Hantian Tiancheng (02726) rose more than 8%. As of press release, it had risen 8.54% to HK$90.25, with a turnover of HK$10.314,500.

According to the news, Hantiancheng recently announced that one of the Group's major international customers has agreed to purchase additional 6 inch and 8 inch silicon carbide epitaxial wafers, with a maximum total sales of about US$95.8 million, which will be delivered on or before December 31, 2026. The customer is a listed company, a global leader in the silicon carbide semiconductor industry, and an independent third party. The Board believes that the procurement matters reflect the customer's confidence and desire to establish a long-term cooperative relationship with the Group.

It is worth mentioning that upstream has also verified that SiC demand continues to be booming. Zong Yanmin, chairman of Tianyue Advanced, said at the semi-annual results meeting on September 11 that the silicon carbide substrate industry is moving from the previous stage of rapid price adjustment to a new stage of “price stabilization and demand expansion”. At this stage, the company's production capacity supply is already tight, and production capacity is expected to be even more tight in the second half of the year.