SMEC reported 2023 numbers where their income went up to 5.3B RMB, up 718m YoY
still losing 1.95B
they are expanding very quickly with a lot of capex and depreciation, so that's large part of the losses
They are drastically expanding MEMS, IGBT, SiC MOSFET production. Expecting to generate 1B in SiC in 2024.
Recently just signed up to provide 1200V SiC modules for NIO. They lso have other customers including BYD.
silan also recorded losses for 2023
It's also expanding power chips, analog IC, MEMS and SiC MOSFET
Currently has 3000 6-inch wpm of SiC-MOSFET. Looking to expand to 12k wpm by end of 2024