SMEI(SZ:300456) Ge Long Hui A P P·2025-11-27 13:09Group 1 - The core point of the article is that Saiwei Electronics (300456.SZ) announced unusual stock trading fluctuations and discussed the IPO plans of its Swedish subsidiary Silex, which is in the early stages of planning and has uncertainties regarding valuation, equity structure, financing scale, and future plans [1] - The company holds a 45.24% stake in Silex, and any arrangements regarding this stake will depend on the overall strategic development of the company and Silex's plans, which also carry uncertainties [1] - Saiwei's subsidiary, Silex Microsystems Technology (Beijing) Co., Ltd., has received a purchase order for a MEMS-OCS product, initiating small-batch trial production, but it has not yet entered mass production, leading to uncertainties in future order volumes [1] Group 2 - The company plans to purchase part of the equity of Beijing Xindonglai Semiconductor Technology Co., Ltd. for no more than 60 million yuan, but the transaction has not yet been finalized [2] - Xindonglai's lithography business is in mature processes and does not involve advanced processes, which may limit its short-term impact on reducing key equipment supply risks and increasing the application ratio of domestic equipment [2] - The company faces risks that it may not achieve its expected investment objectives due to operational management and market competition challenges faced by Xindonglai [2]