In the recently released 2024 China's Top 500 New Economy Enterprises list, SICC has successfully made it onto the list with its outstanding performance in the emerging technology field of silicon carbide substrates. Other well-known enterprises that have also been selected include Tencent,Contemporary Amperex Technology Co., Ltd. (CATL), BYD Company Limited, Huawei Technologies Co., Ltd., Aviation Industry Corporation of China (AVIC), Semiconductor Manufacturing International Corporation (SMIC), Naura Technology Group Co., Ltd., AMEC (Shanghai) Co., Ltd., and China Resources Microelectronics Limited.These enterprises have not only achieved remarkable accomplishments in their respective fields but also serve as the mainstays of China's new economic development.
SICC: A Rising Star in the Field of Silicon Carbide
As a leading domestic manufacturer of silicon carbide substrates, SICC focuses on the research, development, production, and sales of SiC single crystal substrates. Its products are widely applied in fields such as new energy vehicles, photovoltaic energy storage, and telecommunications. The company has successfully established partnerships with international leading giants like Infineon and Bosch. In 2023, the market share of SICC's conductive silicon carbide substrates ranked second globally. According to the company's 2024 annual performance bulletin, it achieved an operating revenue of 1.768 billion yuan, a year-on-year increase of 41.37%, and a net profit of 180 million yuan, successfully turning losses into profits. This achievement not only demonstrates the strong capabilities of SICC in technological innovation and market expansion but also reflects the broad application prospects in future emerging fields such as new energy, AR, and artificial intelligence.
Technology Giants Gather to Co-create a Blueprint for the New Economy
The evaluation activity of "Top 500 New Economy Enterprises" has been continuously carried out for five years by the China Enterprise Evaluation Association in collaboration with the National School of Development at Peking University and the China Index Academy. From multiple dimensions such as innovation-driven development, profitability, and growth rate, it discovers exemplary enterprises in new industries, new business forms, and new business models to enhance the demonstration effect of new economic brands.
The enterprises selected this time are all outstanding players in their respective fields. Technological enterprises such as Huawei Technologies Co., Ltd., Semiconductor Manufacturing International Corporation (SMIC), Naura Technology Group Co., Ltd., and SICC Co., Ltd. have been making continuous breakthroughs in the emerging application fields of semiconductors and chips, contributing to the independent and controllable development of science and technology in our country.
Innovation Breakthroughs and Quality Cornerstones Forge SICC's Sustainable Development
Relying on more than a decade of technological accumulation and industrialization advantages, SICC has achieved product and technological breakthroughs in the field of third-generation semiconductors. In the international market, it has continuously caught up with and surpassed others in terms of products, market scale, and reputation. The company independently expanded the diameter and achieved the preparation of high-quality 8-inch conductive substrates, effectively improving the utilization rate of wafer preparation and empowering downstream emerging industries. Moreover, in November 2024, it launched the world's first 12-inch silicon carbide substrate, leading the technological breakthroughs of the entire industry. Through quality control throughout the whole process, it ensures product performance, stabilizes production capacity, and promptly responds to customer needs, enjoying extremely high recognition and reputation in the international market.
At a time when the global economic landscape is being reshaped at an accelerated pace, new economy enterprises have become the core engines driving high-quality economic development. SICC's selection into the 2024 Top 500 New Economy Enterprises list together with many technology giants is not only an affirmation of its own strength but also a recognition of the overall strength of China's new economic field. In the future,SICC will continue to deeply engage in the field of silicon carbide, join hands with numerous enterprises, and jointly write a glorious chapter of China's new economy.
