SICC (02631) rose more than 6%, and as of the time of writing, the stock was up 6.25% to HK$63.75, with a turnover of HK$205 million. On the news front, Zheshang Securities previously indicated that computational power iterations in AI server cabinets are driving a rapid increase in power density per cabinet, directly boosting demand expansion for power semiconductors. Silicon carbide, with its high voltage resistance and low loss characteristics, is expected to see accelerated adoption penetration in high-power scenarios. The company is one of the few globally capable of mass-producing 8-inch silicon carbide substrates and was also the first to introduce 12-inch silicon carbide substrates. Leveraging its first-mover advantage and technical expertise in large-size substrates, the company is well-positioned to capture further market share. Zhongyou Securities noted that in core application areas, the company has made forward-looking moves in the electric vehicle sector, having obtained the automotive-grade IATF16949 certification relatively early in 2022. Its silicon carbide substrate products have passed rigorous verification by leading international power semiconductor manufacturers and have achieved sustained, large-volume supply. Additionally, through its forward-looking technology layout and innovation capabilities, the company has deeply penetrated two high-growth sectors: renewable energy and artificial intelligence. Furthermore, the company is actively expanding into emerging fields such as optics, having already secured cooperation and multiple orders with top global optical manufacturers.