HK Stock Market Move | SICC Co., Ltd. (02631) rose by over 7%, with wide prospects for the application of silicon carbide. Institutions are optimistic about the company's long-term growth potential.

SICC Co., Ltd. (02631) rose more than 7%, as of the time of this article, it had risen by 7.34% to HK$58.5, with a trading volume of HK$69.0121 million. On the news front, according to CCTV Finance reports, journalists have found that many transformer factories in Guangdong and Jiangsu provinces in China are operating at full capacity, with some business orders for data centers scheduled until 2027. In response to the challenge of high proportion of new energy access, in Hebei, the exploration and application of full silicon carbide power electronic transformers technology is being carried out to reduce energy loss and improve the efficiency of new energy utilization. Guosheng's recent research report pointed out that SiC, as a key electronic power device for SST, is expected to provide new growth momentum for it. Zheshang previously pointed out that SICC Co., Ltd. is actively expanding the application of silicon carbide in emerging fields, opening up long-term growth space. AR glasses: Silicon carbide material is expected to become the ideal material for the next generation of AR glasses waveguide lenses due to its high refractive index and lightweight advantages, achieving better display effects. AIDC: With the explosion of AI computing power demand, the issue of data center energy consumption is becoming more prominent. Silicon carbide power devices can significantly improve server power efficiency, and with giants like Nvidia driving the trend of data centers evolving towards 800V high-voltage architecture, silicon carbide is expected to become a key material.