Sai Micro Electronics stock volatile amid divestiture, fund stake reduction

Sai Micro Electronics Inc. experienced abnormal stock trading, with its share price deviating by over 30% across November 26 and 27, 2025. The company’s board verified no undisclosed major events or external changes influenced this fluctuation. However, the company highlighted the divestiture of its former wholly-owned subsidiary, Silex Microsystems AB, which became a 45.24% owned associate in July 2025. This change is expected to impact 2024 revenue, with a projected decrease from 120,471.56 yuan to 34,750.46 yuan.

In the first three quarters of 2025, the company's operating income also declined by 59.17% compared to the same period last year, reaching 11,181.98 yuan. Net profit attributable to shareholders, excluding non-recurring gains and losses, fell significantly by 198.67% to -23,497.07 yuan for the same period. The company cautioned investors about high uncertainty surrounding Silex's potential IPO, including valuation and fundraising plans.

Additionally, the company noted that its stock price had increased by 192.75% year-to-date, with high turnover and trading volume, suggesting market overheating and potential for a sharp price correction. The National Integrated Circuit Industry Investment Fund also reduced its stake, decreasing its shareholding from 6.948121% to 4.999986% by November 27, 2025, ceasing to be a more-than-5% shareholder.