Does the patent authorization of Sifang Jingchuang affect the stock price?

Sifangda announced yesterday that the company has recently obtained the invention patent certificate issued by China National Intellectual Property Administration. The invention name is a method for measuring the wear rate of polycrystalline diamond compact, and the patent period is 20 years.

As for the impact on Sifang, the company said that this invention patent provides a new test method for the wear resistance of polycrystalline diamond compact (PDC). The acquisition of this patent will not have a significant impact on the company's recent production and operation, but it is beneficial to the company's new product research and development, the protection of the company's intellectual property rights and the improvement of the company's core competitiveness.