灿瑞科技：公司市值受多方面因素的影响

Core Viewpoint - The company acknowledges that its market value is influenced by various factors, including macroeconomic conditions, funding style preferences, industry cycles, and market sentiment [1] Group 1: Company Performance - The company is currently facing performance pressure due to industry cycles and intense competition in some downstream markets, which has also impacted its stock price [1] - Despite short-term pressures, the company remains committed to investing in research and development to achieve long-term growth and provide returns to investors [1] Group 2: Long-term Outlook - The company expresses confidence in its long-term development and continues to engage in share buybacks [1]