The announcement is straightforward enough — it can't control Changxin's operations, and the profit statement can't ride the wave of popularity either; the 20% increase is entirely driven by market sentiment pushing it up.

GigaDevice Innovation announced that the closing prices of its stock have deviated by more than 20% cumulatively over three consecutive days, which is considered an abnormal fluctuation. The company clarified that its holdings in Changxin Technology account for only 1.8% of the total share capital, with a small shareholding ratio, and cannot influence its operational decisions; related investments are recorded as "other equity instrument investments," and the fair value changes of Changxin Technology's IPO have no direct impact on the company's current and future profits.