The Company publicly offered 42,971,105 shares, with the price of RMB82.79 per share. The new shares raised RMB3,557,577,800, and the total shares of the Company became 429,711,044 shares after the offering. The market capitalization of SICC reached RMB35.5 Billion or USD5.6 Billion.
Located in Jinan and Shanghai, SICC’s main business is the R&D, production and sales of silicon carbide substrates targeted for the applications in microwave electronics, power electronics and other fields. In the first half of 2021, the Company achieved the operating revenue of RMB247 Million and net profit of RMB 48 Million.