SICC Co., Ltd. (02631) achieved a total revenue of approximately 1.465 billion yuan in 2025, continuing to increase research and development expenses to consolidate its leading position in the industry against the trend.

SICC Co., Ltd. (02631) announced its performance for 2025, achieving a total revenue of approximately 1.465 billion RMB, with R&D expenses around 166 million RMB, a year-on-year increase of 16.9%. The gross profit is about 142 million RMB. In terms of actual production volume, the company's scale advantage continues to be realized. The equivalent production of the company's silicon carbide products in 2025 was 690,400 pieces, a year-on-year increase of 68.31%. In 2025, the company completed the layout of a full range of large-size products including 12-inch conductive N-type and conductive P-type, and 12-inch semi-insulating silicon carbide substrates. Up to now, 12-inch silicon carbide substrate products have received orders from top customers and been delivered, marking an important step towards the era of large-size silicon carbide substrates for the company. The company's continuous deep cultivation in the field of materials science is leading the development of multiple industries, providing core support for the new energy and AI industries with innovative silicon carbide materials, empowering future technological revolution. The company's silicon carbide substrates can be widely used in the fields of new energy vehicles, AI data centers, photovoltaic systems, AI glasses, rail transit, power grid, home appliances, and advanced communication base stations. With industry-leading technological innovation capabilities, strong mass production capabilities, high-quality product portfolio, close cooperation ecosystem with upstream and downstream market participants, and efficient management capabilities, the company is leading the flourishing development of the silicon carbide industry. The company is one of the few globally that can achieve mass production of 8-inch silicon carbide substrates, one of the first to commercialize 2-inch to 8-inch silicon carbide substrates, and one of the first to launch 12-inch silicon carbide substrates, as well as one of the first to use the liquid phase method to produce P-type silicon carbide substrates. The company has become an important supplier to internationally renowned semiconductor companies, and its products are widely recognized internationally. The company has established business cooperation relationships with over half of the top ten power semiconductor device manufacturers globally. The global silicon carbide substrate market is dominated by a few leading companies, which have significant advantages in terms of technical strength, production scale, brand recognition, and acceptance. According to a report released by Fuji Economy of Japan in March 2026, in the global market for conductive silicon carbide substrates in 2025, SICC Co., Ltd. (SICC) had a market share of 27.6%, ranking first globally; with a market share of 27.5% for the 6-inch market, and 51.3% for the 8-inch market, fully reflecting the results of the company's strategic execution.