---
title: "Brief News: Last year's profit plummeted, EPIWORLD first listed with a half-day increase of X%"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/280964835.md"
description: "Silicon carbide epitaxial wafer supplier EPIWORLD Electronics Technology (Xiamen) Co., Ltd. was listed on the Hong Kong stock market on Monday, opening up 52.2% and closing at HKD 102.6 at noon. This global offering involved 21,492,050 shares, with an offering price of HKD 76.26, raising a net amount of approximately HKD 1.56 billion. The company's revenue for the first three quarters of 2025 decreased by 33.8% year-on-year, and profits plummeted by 82%. The funds raised will be used to expand production capacity, research and development, and working capital"
datetime: "2026-03-30T06:21:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280964835.md)
  - [en](https://longbridge.com/en/news/280964835.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280964835.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/280964835.md) | [English](https://longbridge.com/en/news/280964835.md)


# Brief News: Last year's profit plummeted, EPIWORLD first listed with a half-day increase of X%

Silicon carbide epitaxial wafer supplier **EPIWORLD Electronics Technology (Xiamen) Co., Ltd.** (2726.HK) was listed on the Hong Kong stock market on Monday, opening 52.2% higher, and reported HKD 102.6 at noon, compared to the high issue price of HKD 34.54.

The company **announced** that it globally offered 21,492,050 shares at an offer price of HKD 76.26 per share, raising a net amount of approximately HKD 1.56 billion (USD 226 million). The Hong Kong public offering was oversubscribed by 49.66 times, while the international offering was oversubscribed by 1.95 times.

EPIWORLD was established in 2011 and primarily engages in the research, production, and sales of third-generation semiconductor silicon carbide epitaxial wafers. Its products are used in silicon carbide power devices, which are applied in fields such as new energy vehicles, photovoltaic power generation, rail transportation, smart grids, and aerospace.

In the first three quarters of 2025, the company's revenue decreased by 33.8% year-on-year to CNY 535 million, and its profit also dropped by 82% from CNY 120 million in the same period of 2024 to CNY 21.14 million. Affected by the rapid expansion of industry capacity, the company's gross profit margin has continued to decline, from 44.7% in 2022 to 25.6% in the first three quarters of 2025.

Regarding the use of funds raised, EPIWORLD plans to allocate approximately 71% of the proceeds to expand silicon carbide epitaxial wafer production capacity, about 19% for research and development, and about 10% for working capital.

_Li Shida_

### 相關股票

- [EPIWORLD (02726.HK)](https://longbridge.com/zh-HK/quote/02726.HK.md)

## 相關資訊與研究

- [LG Chem CEO says it is difficult to secure additional Russian naphtha](https://longbridge.com/zh-HK/news/281110331.md)
- [Starfighters Space Delays Annual 10-K Filing](https://longbridge.com/zh-HK/news/281397627.md)
- [Nomura Upgrades Angelalign Technology to Buy From Neutral, Adjusts Price Target to HK$79.89 From HK$66.71](https://longbridge.com/zh-HK/news/281138646.md)
- [13:21 ETNozzlePro Launches E-Commerce for Pressure Wash Nozzles, Enabling Instant Checkout and Transparent Pricing](https://longbridge.com/zh-HK/news/281406376.md)
- [EPC Space adds EPC7C010 and EPC7C011 half-bridge buck platforms for high-rel and rad-hard applications](https://longbridge.com/zh-HK/news/281400207.md)