According to Futu News on March 30, $EPIWORLD (02726.HK)$ the stock opened higher on its first day, surging by 44.24%. As of the time of writing, it was trading at HKD 110 per share. With each lot consisting of 50 shares, investors who did not account for handling fees would make a profit of HKD 1,687 per lot.
Source of market information: Futu Securities
According to previous reports, in the pre-market trading session on Futu's dark pool platform on the prior trading day, Hantian Tiancheng closed up 37.69% at HKD 105 per share. Each lot consisted of 50 shares, and without considering handling fees, investors would earn a profit of HKD 1,437 per lot.
In addition, according to previously disclosed information, during the public offering phase, Hantian Tiancheng received subscriptions 50.66 times the number of shares available. The final number of shares allocated in the public offering was 2.1493 million shares, accounting for approximately 10% of the total shares offered. A total of about 45,084 valid applications were received, with around 13,260 accepted applications. The percentage of shares allocated to one-lot subscribers relative to the total number of shares applied for was approximately 20%.
Moreover, during the international placement phase, Hantian Tiancheng received subscriptions 1.95 times the number of shares available. The final number of shares allocated in the international placement was 19.3428 million shares, equivalent to 90% of the total shares offered.
Company Overview
Hanjietiancheng is a global leader in the silicon carbide (SiC) epitaxy industry. According to a report by灼识咨询(CIC), since 2023, the company has been the world's largest supplier of silicon carbide epitaxy wafers by annual sales volume, with a market share exceeding 30% in 2024. The company was among the first globally to achieve large-scale external supply of 8-inch silicon carbide epitaxy wafers and is also China’s first producer to commercially supply 3-inch, 4-inch, 6-inch, and 8-inch silicon carbide epitaxy wafers in bulk. Additionally, the company led the drafting and formulation of the world's first and currently only international SEMI (Semiconductor Equipment and Materials International) industry standard for silicon carbide epitaxy.
The company possesses an industry-leading silicon carbide epitaxial growth technology platform. After 14 years of dedicated research and development in silicon carbide epitaxy technology, the company has acquired specialized expertise. By adjusting and optimizing various epitaxial parameters such as growth temperature, reaction pressure, gas flow rate, and carbon-silicon ratio during the epitaxial growth process, it enhances surface quality through epitaxial techniques for substrates of varying qualities. This also reduces defects introduced during epitaxial growth, improves the uniformity of epitaxial layer thickness and concentration, thereby enabling stable-quality, large-scale mass production capabilities.
Financial Overview
During the performance record period, Hanjing Tiancheng’s revenue reached RMB 440.7 million, RMB 1,142.5 million, RMB 974.3 million, RMB 808.3 million, and RMB 535.1 million for the years 2022, 2023, 2024, and the nine months ended September 30, 2024, and September 30, 2025, respectively. The corresponding gross profits were RMB 196.9 million, RMB 445.4 million, RMB 332.3 million, RMB 285.7 million, and RMB 137.1 million. Net profits were RMB 127.5 million, RMB 107.5 million, RMB 165.1 million, RMB 118.4 million, and RMB 21.1 million, respectively.
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Editor/Joe