SICC's stock soared 6.83% during intraday trading on Tuesday, continuing its recent upward momentum.

The rally is driven by the company's strong first-quarter financial results, which showed revenue of RMB 366 million with a gross margin of 19.12%, representing a 25.01% quarter-over-quarter improvement. According to research coverage, SICC holds a 27.6% share of the global conductive silicon carbide substrate market, ranking first worldwide, with its 8-inch segment commanding a dominant 51.3% market share.

Analysts highlight that the stabilization of 6-inch SiC substrate pricing, combined with the accelerating volume ramp of 8-inch substrates as a new growth engine, positions the company favorably. Additionally, SICC's forward-looking 12-inch layout is expected to secure competitive advantages in the next generation of SiC technology.