Suzhou Xingye Materials Technology (603928.SH): Phenolic resin for semiconductor photoresist is still in the sample testing phase and has not generated any income.

Suzhou Xingye Materials Technology (603928.SH) announced that the company's stock has been limit up for 5 consecutive trading days from January 17, 2025 to January 23, 2025. The closing price of the company's stock on January 23, 2025 was 13.20 yuan per share, with a cumulative increase of 59.42% compared to the closing price on December 31, 2024. Due to the recent significant increase in the company's stock price without major changes in its fundamentals, there may be speculative risks. Investors are advised to be cautious in secondary market trading, prevent speculative risks, make rational decisions, and invest prudently. The company has noticed that there are media reports listing the company as a stock in the photoresist concept. The company's semiconductor photoresist using phenolic resin is currently in the sampling and testing stage, with no supply contracts signed yet and no sales income generated. It will not have an impact on the company's performance, and there is uncertainty in the progress going forward.