CGEE: Recently, new batch orders for 8-inch silicon carbide single crystal furnace equipment have been signed

CGEE released a record of investor relations activities, indicating that the order situation for 8-inch silicon carbide single crystal furnaces has improved compared to the second half of last year and the first half of this year. Recently, new bulk orders for 8-inch equipment have been signed, and other signed orders and intention orders are also being closely communicated and actively promoted with customers. As the overall industry capacity destocking approaches its conclusion, the market's demand for capacity expansion will become clearer and recover further. According to the market situation understood by the company, 12-inch silicon carbide has not yet formed large-scale mass production. Currently, the company is in the process of small batch cooperative development with customers