On May 15, 2026, SJSemi (688820) released an announcement addressing unusual fluctuations in its stock trading. The company clarified that its current revenue scale is relatively modest when compared to that of large-scale enterprises operating in the packaging and testing sector. It further noted that various factors, including macroeconomic shifts, volatility in downstream demand, and a lack of product competitiveness, could potentially hinder its performance growth. Additionally, the company highlighted that advanced packaging and testing technologies come with significant technical hurdles and require lengthy research and development cycles. Should key technological breakthroughs elude the company, or if performance falls short of expectations, or if there are missteps in the technological roadmap, it could lead to delays or even outright failures in the commercialization of its R&D efforts. This, in turn, would make it challenging to recoup the initial investments (i.e., previous investments), ultimately dragging down the company's operating performance.