As the year drew to a close, exciting news emerged: the "Breaking Barriers·Driving Growth | 7th Annual Investment Conference" hosted by Cailian News was grandly held on December 27, 2024. SICC won the "Most Investment-Worthy Award of the Year" for its solid comprehensive strength and outstanding innovation. This honor not only recognizes our achievements over the past year but also affirms the company’ s future growth potential.
In today's world, the tide of science and technology surges ahead, and the field of silicon carbide substrate materials has become a battlefield where numerous enterprises compete. SICC adheres to the spirit of "cherishing youthful aspirations and striving for distant goals", persists in technological innovation, takes customer needs as the orientation, and continuously promotes the progress of the industry. Our efforts have been recognized by the market and have also won the trust of investors.
Looking back at 2024, the company achieved a revenue of 1.281 billion RMB in the first three quarters, a year-on-year increase of 55.34%; the net profit attributable to the parent company was 143 million RMB, turning a significant loss into profit compared with the same period last year. In the third quarter alone, the net profit attributable to the parent company was 41 million RMB, a year-on-year increase of 982.08%. In terms of profitability, the weighted average return on net assets in the first three quarters of 2024 was 2.74%, a year-on-year increase of 4.05 percentage points, and the return on invested capital was 2.48%, an increase of 4.19 percentage points over the same period last year.
Since its founding, SICC has been steadfast in its goals, making steady progress in the global silicon carbide substrate industry. In the conductive-type market, we have collaborated with international leading enterprises through stable product quality and excellent services, with our market share climbing steadily to rank among the global leaders; in the semi-insulating-type field, we have remained among the world’s top three for many years. These remarkable achievements have built SICC’s global brand influence, giving the company a competitive edge in global market expansion, customer retention, and supply chain optimization—qualities that make it a preferred choice for investors and demonstrate strong momentum and broad prospects for development.
While pursuing economic benefits, the company actively implements ESG (Environmental, Social, and Governance) principles, integrating sustainable development into its corporate strategy. It has responded to and committed to the global Science Based Targets initiative . The digital operations of its Lingang Smart Factory in Shanghai have efficiently enhanced production capacity, with the "quality" and "quantity" of 8-inch silicon carbide substrates exceeding expectations. The company employs diverse long-term management strategies, aiming for high-quality development, improving profitability, and rewarding investors through multiple measures.
This award is both a milestone of past efforts and a new starting point for future journeys. Looking ahead, SICC will uphold its strategic focus on " Technology, Quality, Sustainability," deepen technological innovation, expand market frontiers, and write a new chapter in investment value—living up to the trust and expectations of all stakeholders.
