02658 天域半導體
TIANYU SEMI
TIANYU SEMI
| Listing Date | 2025/12/05 Listing in 2 Days |
| Listing Price | -- |
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IPO Detail
COMPANY PROFILE
Guangdong Tianyu Semiconductor Co. was established in Dongguan, it is the first silicon carbide epitaxial manufacturer in the PRC. The Group have principally engaged in research and development and manufacture of various types of SiC epitaxial wafers. An epitaxial wafer is the key raw material for the production of power semiconductor device.
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The Group is the largest SiC epitaxial wafer manufacturer both in terms of revenue and sales volume generated from the PRC market in 2024 among China-based SiC epitaxial wafer manufacturers, with a market share reaching 30.6% in terms of revenue and 32.5% in terms of sales volume, respectively. The Group is also the third largest China-based SiC epitaxial wafer manufacturer both in terms of revenue and sales volume generated from the global market in 2024, with a market share of 6.7% in terms of revenue and 7.8% in terms of sales volume, respectively.
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The Group’s revenue was mainly generated from the sales of self-manufactured SiC epitaxial wafers with 4-inch, 6-inch and 8-inch, and the provision of certain value-added services related to SiC epitaxial wafers. As of May 31, 2025, the Group possessed an annual production capacity of approximately 420,000 pieces of 6-inch and 8-inch epitaxial wafers, it is one of the largest companies in China equipped with production capacity of 6-inch and 8-inch epitaxial wafers.
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Reference to the customers, the Group mainly provides its products to customers engaging in the R&D, production and sales of semiconductor chips and other related products.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Semiconductors |
| Major Business Area | China |
| Board Lot | 50 |
GLOBAL OFFERING
| No. of Offer Shares | 30.07M H shares |
| No. of International Offer Shares | 27.06M H shares |
| No. of HK Offer Shares | 3.01M H shares |
| Offer Price | $58.00 |
| Stock Code | 2658 |
| Sponsor(s) | CITIC Securities (Hong Kong) Limited, CLSA Limited |
| Underwriter(s) | CLSA Limited, China International Capital Corporation Hong Kong Securities Limited, CMB International Capital Limited, GF Securities (Hong Kong) Brokerage Limited, ABCI Securities Company Limited, Cheer Union Securities Limited, China Industrial Securities International Capital Limited, CNI Securities Group Limited, Futu Securities International (Hong Kong) Limited, ICBC International Securities Limited, Livermore Holdings Limited, Shenwan Hongyuan Securities (H.K.) Limited, Sinolink Securities (Hong Kong) Company Limited, Star River Securities Limited, Sun Securities Limited, Tiger Brokers (HK) Global Limited, TradeGo Markets Limited |
TIME TABLE
| Application Period | Nov 27 (Thu) - noon, Dec 02 (Tue) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Dec 04 (Thu) |
| Result Announcement Date | On or before Dec 04 (Thu) |
| Result Announcement Date | On or before Dec 05 (Fri) |
| Dealings in Shares commence on | Dec 05, 2025. (Fri) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $58.00 |
| Capitalization | 22.81B |
| NAV / share ($) | $7.71 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 58, the net proceeds raised would be HKD 1.67B, of which |
| 62.5% : Expand overall production capacity, enhancing market share and product competitiveness |
| 15.1% : Enhancing independent R&D and innovation capabilities, improve product quality and shorten the development cycle of products |
| 10.8% : Strategic investments and acquisition to expand customer base |
| 2.1% : Expanding global sales and marketing network |
| 9.5% : Ｗorking capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).