Gelonghui, January 29丨Tianyue Advanced (688234.SH) announced its 2023 annual results forecast. It is expected to achieve operating income of 123,0000 million yuan to 1280,000 yuan in 2023. Compared with the same period of the previous year (after adjustment), it will increase 812.9655 million yuan to 862.9655 million yuan, an increase of 194.94% to 206.93% over the previous year. The net profit attributable to the owners of the parent company is expected to be -54.0 million yuan to -36 million yuan in 2023. Compared with the same period of the previous year (after adjustment), it will increase by 121.8859 million yuan to 139.8859 million yuan, an increase of 69.30% to 79.53% over the previous year. Net profit attributable to owners of the parent company in 2023 after deducting non-recurring profit and loss is expected to be -135.0 million yuan to -96.0 million yuan. Compared with the same period of the previous year (after adjustment), it will increase 12,346.1 million yuan to 16,246.1 million yuan, an increase of 47.77% to 62.86% year-on-year.
In 2023, benefiting from the penetrating application of silicon carbide in downstream applications such as new energy vehicles, photovoltaic power generation, and energy storage, the overall market size of silicon carbide semiconductors continued to expand. The company's high-quality silicon carbide substrates have been recognized by domestic and foreign customers, and extensive cooperation has been carried out with well-known domestic and foreign companies in the downstream power electronics and automotive electronics fields. The company's orders increased over the previous year. In 2023, the company's smart factory in Lingang, Shanghai will start product delivery. In 2023, the company's production capacity and output of conductive products continued to increase, product delivery capacity increased, and revenue increased significantly compared with the same period last year.