In a recent notice, Li'an Micro revealed that its stock price has experienced a notable surge. Specifically, from September 23 to 25, 2025, the stock closed at the daily limit for three consecutive trading days. Such a sharp short - term spike might be a sign of irrational market speculation, and it also brings with it potential downside risks.

Looking at the company's financial performance, its semiconductor wafer business faced a challenging situation in 2024, with a gross profit margin of -1.82%. Moreover, the financial results for 2024 were far from satisfactory. The net profit attributable to shareholders of the listed company reached -265.7571 million yuan, and when non - recurring gains and losses were deducted, the net profit stood at -265.9586 million yuan.

The first half of 2025 also brought no respite. During this period, the net profit attributable to shareholders of the listed company was -127.0252 million yuan, and after deducting non - recurring gains and losses, it amounted to -126.1087 million yuan.