HK Stock Market Move | Orders are fully booked. SICC Co.,Ltd.(02631) rises nearly 7%. Substrates may continue to increase in price in 2027.

SICC Co.,Ltd.(02631) rose nearly 7%, up 5.25% as of press time, at HK$73.2, with a turnover of HK$25.88 million. On the news front, market sources indicated that SICC Co.,Ltd. revealed in a recent conference call that its monthly order volume has significantly exceeded existing production capacity. It is reported that the company's current monthly order volume has reached 120,000 to 130,000 wafers, while its existing production capacity is about 100,000 wafers. To prioritize higher value-added demand from automotive and AI data centers, the company has proactively given up some industrial-grade Schottky diode orders. Sources said the company expects revenue in the third and fourth quarters to continue growing quarter-on-quarter, and management holds an optimistic view on product prices in 2027. In the second quarter of this year, it already adjusted quotes for some small customers, and believes there is a possibility of price increases for silicon carbide substrates in 2027. In addition, the company is extending its business boundaries into new materials such as indium phosphide, with related 4-inch products still in the R&D stage, and mass production timing depending on R&D progress.