China's premier silicon carbide epitaxy provider, EPIWORLD (02726), reported its interim results for the 2026 fiscal year, showcasing robust financial performance. Revenue reached RMB 578 million during the period, marking a substantial 92% year-over-year increase. Gross profit surged 193.5% to RMB 161 million, with the gross margin expanding to 27.8%. Adjusted net profit climbed 43.4% year-over-year to RMB 139 million, while operating cash flow maintained a consistent net inflow trajectory. Cash reserves strengthened by 75.9% to RMB 3.2 billion, providing a solid financial foundation for the company's ongoing operations, capacity expansion, and future development initiatives.

Strategically, EPIWORLD has zeroed in on the AI data center sector as a key growth avenue. As the first mainland Chinese silicon carbide epitaxy company to achieve large-scale integration into international supply chains, several of its major global clients have already entered NVIDIA's AI data center supply chain. Consequently, the company is beginning to see tangible benefits from the surging demand for power chips driven by the rapid expansion of AI computing facilities.

On the innovation front, EPIWORLD holds the distinction of being the world's first enterprise to unveil 12-inch SiC epitaxial wafers. During the reporting period, the company achieved a breakthrough with initial 12-inch orders, positioning itself at the forefront of the global market landscape. Backed by superior product performance, EPIWORLD has cultivated a substantial and high-caliber customer base, solidifying its status as the global leader in silicon carbide epitaxy. Currently, four of the world's top five SiC power device manufacturers count themselves as the company's clients, while eight of the global top ten power device manufacturers have established partnerships with the firm. Notably, in a supplier audit conducted by one of the world's top five SiC device makers, EPIWORLD achieved perfect scores across all evaluation metrics, earning high praise from international customers for product quality. The number of clients purchasing 8-inch products has reached 35, further strengthening the company's customer advantage. Simultaneously, the company is actively broadening its client roster, adding six new customers during the reporting period, including entry into the core supply chain systems of a major European automotive parts giant and a leading domestic specialty process wafer foundry.

As the AI computing era unfolds, the silicon carbide industry is entering a golden window of opportunity, which is expected to unlock substantial growth potential for EPIWORLD. With the historic order breakthrough for 12-inch products, the company is well-positioned to leverage this significant generational advantage to establish first-mover status in the commercialization of 12-inch SiC technology. This will enable the company to fully capitalize on the industry's upgrade benefits as the sector transitions toward larger wafer sizes. Combined with its strategic positioning within the AI data center supply chain and access to premium global customers, EPIWORLD is poised to continue seizing industrial opportunities and fully unleash its growth momentum.