On August 4, SICC rose 5.38% in regular trading, trading at HK$58.35/share with turnover of HK$12.11 million, extending gains from the previous session.

On the news front, Soochow Securities International initiated coverage on SICC on July 30 with a Buy rating, noting the company entered an operational inflection point in Q1. The research report highlighted that 8-inch SiC substrate revenue contribution has risen to approximately 45%, gross margin has recovered to near 20%, and the company has initiated price increase discussions with certain customers in Q2.

Industry tailwinds further support sentiment. Infineon recently stated its SiC business has entered a system-level application stage, while STMicroelectronics projected double-digit SiC revenue growth. Over the past 90 days, three institutions have issued ratings on SICC, including two Buy and one Outperform. The company disclosed that its product batch stability and supply capability are at industry-leading levels, with yield rates continuing to improve.

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