SICC (02631) rose more than 6% during intraday trading, up 5.03% as of press time to HK$68.85, with turnover of HK$62.8024 million.

On the news front, on September 28, the 23rd International Conference on Silicon Carbide and Related Materials (ICSCRM 2026) officially opened at Pacifico Yokohama North in Yokohama, Japan. On the first day of the exhibition, SICC presented its cutting-edge silicon carbide substrate technology on site.

Notably, SICC Chairman Zong Yanmin previously stated at the half-year results meeting that the silicon carbide substrate industry is shifting from a previous phase of rapid price adjustments to a new phase of "stabilizing prices and expanding demand." At present, the company's capacity supply has become relatively tight, and capacity is expected to be even tighter in the second half of the year.

CMB International believes that the company is currently in a historic opportunity period characterized by the overlap of a triple inflection point: 1) The industry is transitioning from 6-inch to 8-inch, and the company's 8-inch share has reached 51.3%, with its generational advantage continuing to amplify during the transition period; 2) After the price war clears in 2025, the industry supply-demand landscape will reverse in 2026, and leading companies such as Infineon and STMicroelectronics have already completed two rounds of price increases during the year, with products entering a channel of rising volume and prices; 3) The company's gross margin has already rebounded to 25.4% in 2Q26, and it is expected to turn profitable for the full year of 2026, with the inflection point for earnings release having arrived.