By the close of the market on November 17, 2025, the semiconductor (Shenwan) index had climbed 40.63% since the start of the year, significantly outpacing the performance of the Shanghai Composite Index over the same timeframe. The cumulative A-share market capitalization of semiconductor stocks has soared to 5.76 trillion yuan, marking an impressive increase of 1.86 trillion yuan from the figure at the end of the previous year. Notably, the market capitalizations of several bellwether stocks, such as Cambricon-U, have expanded by more than 50 billion yuan. Nevertheless, certain semiconductor stocks that boasted high earnings growth have faced substantial corrections. Among the stocks that reported a year-on-year net profit increase exceeding 20% (including those that shifted from losses to profits) in the first three quarters of this year, as of the market close on November 17, 50 stocks have witnessed their most recent closing prices decline by over 20% from their peak levels for the year. The five stocks with the most pronounced correction amplitudes are Lontium Semiconductor, INNOVISION, Bestechnic, Rockchip Electronics, and MEMSensing Microsystems.