东芯股份: 股票交易异常波动公告

Core Viewpoint - The stock of Dongxin Semiconductor Co., Ltd. has experienced significant volatility, with a cumulative price increase of 126.59% from July 28 to August 11, 2025, raising concerns about potential risks associated with rapid price fluctuations [1][4]. Trading Anomalies - The company's stock price deviated by 30% over three consecutive trading days (August 7, 8, and 11, 2025), which is classified as abnormal trading activity according to Shanghai Stock Exchange regulations [1]. - As of August 11, 2025, the closing price was 84.63 CNY per share, with a rolling P/E ratio reported as negative, significantly diverging from the industry average P/E ratio of 43.43 [1][4]. Business Operations - The company reported a net loss of 59,241,841 CNY for Q1 2025, indicating ongoing financial challenges, and is expected to remain in a loss position for the first half of 2025 [1][2]. - The company confirmed that there have been no significant changes in its business operations or external environment that would justify the recent stock price increase [1][2]. Investment in Shanghai Lishuan Technology - The company has invested in Shanghai Lishuan Technology, which recently announced the launch of its first self-developed GPU chip "7G100" and graphics card product "Lisuan eXtreme" [1][2]. - The products are aimed at various applications, including personal computers and AI, but face uncertainties regarding market acceptance and sales due to the need for product certification and customer onboarding [1][3]. Risks Associated with Investment - The investment in Shanghai Lishuan Technology is subject to several risks, including industrialization progress, market competition, product singularity, performance, and ongoing operational funding [4][5][6][7]. - The GPU market is highly concentrated, with major players like NVIDIA and AMD dominating approximately 98% of the market share, posing significant competitive challenges for domestic GPU manufacturers [5][6]. Management Assurance - The board of directors has confirmed that there are no undisclosed significant matters that could impact the company's stock price, and no insider trading has occurred during the period of stock price volatility [2][3].