Yuanjie Semiconductor Technology (SH:688498) Zheng Quan Zhi Xing·2025-09-03 12:19Core Viewpoint - The stock of Shaanxi Yuanjie Semiconductor Technology Co., Ltd. experienced an abnormal trading fluctuation, with a cumulative increase of over 30% in three consecutive trading days, prompting the company to issue a notice regarding the situation [1][2][3]. Summary by Sections Stock Trading Abnormal Fluctuation - The company's stock price increased by 78.39% from August 4, 2025, to September 3, 2025, closing at 397.80 CNY per share on September 3, 2025 [1][4]. - The rolling price-to-earnings (P/E) ratio of the company reached 1163.77 times, significantly higher than the industry average P/E ratio of 47.23 times for the computer, communication, and other electronic equipment manufacturing sector [2][4]. Company Operations and Major Events - The company confirmed that its production and operational activities are normal, with no significant changes in the market environment or industry policies [3]. - There are no undisclosed major events, such as mergers, debt restructuring, or asset injections, that could impact the company's stock price [3][4]. Market and Industry Risks - The company's products are primarily used in the optical communication field, and any downturn in downstream market demand could lead to fluctuations in future operating performance [2][5]. - The company faces risks related to new product development, as failure to adapt to industry changes could result in a loss of market competitiveness [5]. - The overall business performance is influenced by various factors, including macroeconomic conditions, product competitiveness, and customer acceptance, which introduce a degree of uncertainty [5][6].