9月8日周一盘中，碳化硅衬底龙头企业天岳先进（02631）股价出现大幅下跌，跌幅高达6.75%，引发市场关注。尽管公司近期在全球市场拓展和技术创新方面频传捷报，但投资者似乎更关注其最新发布的2025年半年报业绩。
根据天岳先进发布的2025年半年报，公司上半年实现营业收入7.94亿元，同比下降12.98%；归母净利润0.11亿元，同比大幅下降89.32%；扣非后净利润更是出现亏损，为-0.11亿元，同比下降111.37%。业绩下滑主要原因是公司为提高市场占有率，降低了碳化硅衬底销售价格，同时大幅增加了研发投入，特别是在大尺寸衬底技术方面。
值得注意的是，尽管短期业绩承压，天岳先进在全球市场拓展和技术创新方面仍在稳步推进。公司已与全球多家顶级功率半导体制造商建立合作关系，产品应用范围不断扩大。此外，公司在12英寸碳化硅衬底等大尺寸产品研发上取得突破，有望在未来AI芯片散热等新兴应用领域占得先机。然而，这些长期利好因素似乎未能抵消投资者对短期业绩下滑的担忧，导致股价出现较大幅度调整。
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