赛微电子：近期公司经营情况及内外部经营环境未发生重大变化

Core Viewpoint - The stock of the company has experienced a significant price fluctuation, with a cumulative increase of over 100% in closing prices over ten consecutive trading days from November 18, 2025, to December 2, 2025, indicating severe abnormal trading conditions [1] Group 1: Business Operations - The company's core business focuses on MEMS process development and wafer manufacturing, characterized by long cycles and heavy asset requirements [1] - The company emphasizes that capacity utilization and yield improvements must follow objective rules, indicating that business accumulation and development require a realistic process and time [1] Group 2: Investment Activities - The investment activities initiated by the company this year are primarily aimed at medium to long-term strategic positioning, suggesting that the short-term impact on the company's performance and supply chain support may be limited [1] - The long-term effects of these investments remain to be observed, highlighting the need for patience in assessing their impact [1] Group 3: Current Situation - The recent operational conditions of the company and the external business environment have not undergone significant changes, suggesting stability in the current operational landscape [1]