HK Stock Market Move | EPIWORLD (02726) surges over 8%; recently announced a massive additional purchase cooperation; demand across the silicon carbide industry chain remains highly prosperous.

EPIWORLD (02726) surged over 8%, up 8.54% as of press time, at HK$90.25, with a turnover of HK$10.3145 million. On the news front, EPIWORLD recently announced that a major international customer of the group has agreed to purchase additional 6-inch and 8-inch silicon carbide epitaxial wafers, with a maximum total sales amount of approximately US$95.8 million, to 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 of directors believes that the procurement reflects the customer's confidence and willingness to establish a long-term cooperative relationship with the group. It is worth noting that the upstream also confirms that SiC demand prosperity remains high. Zong Yanmin, chairman of SICC Co.,Ltd., said at the half-year results meeting on September 11 that the silicon carbide substrate industry is shifting from the previous stage of rapid price adjustments to a new stage of "price stabilization and demand expansion." At this stage, the company's capacity supply has become relatively tight, and capacity is expected to be even tighter in the second half of the year.