We are the third largest China-based SiC epitaxial wafer manufacturer in terms of both revenue and sales volume generated from self manufactured SiC epitaxial wafers 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. We are also the largest manufacturer of self-manufactured SiC epitaxial wafers in terms of both revenue and sales volume in the PRC market in 2024, with market share of 30.6% and 32.5%, respectively.

As of May 31, 2025, we possessed an annual production capacity of approximately 420,000 pieces of 6-inch and 8-inch epitaxial wafers, placing us one of the largest companies in China equipped with production capacity of 6-inch and 8-inch epitaxial wafers, according to Frost & Sullivan.

This strong market position highlights the trust our customers place in our products, which helps us maintain a high recurring rate of existing customers and provide confidence to new customers. Our dominant market position also strengthens our bargaining power with suppliers to negotiate better commercial terms, which helps us reduce procurement cost and enhances profitability. We often lead or participate in drafting domestic and international standards and take a lead role in cooperative R&D activities with reputable institutions.