Today, Zhonglian Investment, a wholly-owned subsidiary of the group, is the initiator, and the Jinan Guocai Investment Fund established by Shenzhen Venture Capital, Guoxin Science and Technology Innovation, Yunbai Capital, Shandong New Kinetic Energy, Jinan Industrial Investment and other well-known institutions invests in the investment. Shandong Tianyue Advanced Technology Co., Ltd. is listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange. The listed securities are referred to as "Tianyue Advanced" and the stock code is "688234". The closing price of Tianyue Advanced on the first day of listing was 85.50 yuan per share, with a market value of 36.74 billion yuan.
Founded in 2010, Tianyue Advanced is a leading manufacturer of wide-bandgap third-generation semiconductor silicon carbide substrate materials in China. Its products can be used in microwave electronics, power electronics and other fields, with broad market prospects. The founder, Mr. Zong Yanmin, led the team to continuously tackle the "neck stuck" technology. After more than ten years of development, Tianyue has mastered the core of equipment design, thermal field design, powder synthesis, crystal growth, substrate processing and other links. Technology, independent research and development of different sizes of semi-insulating and conductive silicon carbide substrate preparation technology. According to a research report issued by Yole, in the field of semi-insulating silicon carbide substrates, Tianyue's advanced market share ranks among the top three in the world.
China National Building Material Group is the only central enterprise in the field of inorganic non-metallic materials, shouldering the national responsibility to promote the long-term development of the material industry and solve the problem of "stuck neck". Investing in Tianyue Advanced will help the independent control of my country's core strategic materials, and contribute to ensuring the stable development of my country's wide-bandgap semiconductor industry chain.
In the future, CNBM will continue to actively explore and innovate the operation mode of state-owned capital investment companies, empower technological innovation in the field of new materials through funds and other means, and make unremitting efforts to become a world-class material industry investment group with global competitiveness.