On November 21, Sai Microelectronics issued a statement noting that the cumulative surge in its share closing prices over three consecutive trading days had surpassed 30%, marking an abnormal fluctuation in stock trading. Presently, the company has not finalized the equity transfer of Xindonglai with prospective counterparties. The photolithography equipment business of Xindonglai is centered on mature processes and does not encompass advanced process technologies.
It is crucial to highlight that Xindonglai might encounter several risks in its day-to-day operations, including those related to operational management and market competition. In the near term, its role in mitigating the company's supply risks for crucial core equipment and enhancing the proportion of domestically produced equipment applications may be constrained. Consequently, there exists a risk that the company might not realize its anticipated investment objectives.
Furthermore, the company's stock price has witnessed a 102.23% upswing since the year's onset, with recent turnover rates and trading volumes experiencing a notable escalation. This trend suggests a potential risk of a downturn following a significant price hike. Investors are thus advised to approach investments with rationality and remain vigilant of associated risks.
