EPIWORLD reported a 92.0% year-on-year surge in 1H26 revenue to RMB 577.63 million, driven by robust orders for silicon-carbide (SiC) epitaxial wafers used in AI data centres, new-energy vehicles and energy-storage systems.

Gross profit climbed 193.5% to RMB 160.66 million, lifting the gross margin to 27.8% from 18.2% a year earlier. Adjusted net profit rose 43.4% to RMB 139.05 million, while statutory profit reached RMB 48.58 million compared with a RMB 1.97 million loss in 1H25.

Cash and term deposits expanded 76.3% to RMB 3.22 billion, underpinning a current ratio of 7.3 times. Total assets increased 39.4% to RMB 6.31 billion and equity grew 50.8% to RMB 4.54 billion, trimming the debt-to-asset ratio to 28.0% from 33.5%.

Operationally, monthly production capacity exceeded 60,000 wafers and is on track to reach about 70,000 wafers by year-end. Sales of 8-inch SiC epitaxial wafers in the first half already surpassed the full-year 2025 volume, and the company secured its first small-batch orders for 12-inch SiC epitaxial wafers—an industry first. EPIWORLD’s customer list now includes four of the world’s top five SiC power-device makers.

To extend its global footprint, EPIWORLD commenced construction of an 8-inch SiC epitaxial wafer plant in Penang, Malaysia, designed for 400,000-wafer annual capacity; trial production is targeted for 2H27.

IPO proceeds: the March 2026 Hong Kong listing generated net proceeds of HK$ 1.56 billion, of which HK$ 24.9 million has been spent, mainly on capacity expansion and R&D.

No interim dividend was declared.