お知らせ • Jan 23
Shanghai Fudan Microelectronics Group Company Limited Provides Unaudited Earnings Guidance for the Year Ended 31 December 2025
Shanghai Fudan Microelectronics Group Company Limited provided unaudited earnings guidance for the year ended 31 December 2025. For the period, the group revenue was estimated to be in a range of approximately RMB 3,930,000,000 to RMB 4,030,000,000, representing an increase by a range of RMB 339,776,200 to RMB 439,776,200 or with an increase of approximately 9.46% to 12.25% as compared to approximately RMB 3,590,223,800 for the same period of the previous year; (2) the net profit attributable to owners of the parent company was estimated to be in a range of approximately RMB 190,000,000 to RMB 283,000,000, representing a decrease by a range of RMB 382,595,100 to RMB 289,595,100 or with a decrease of approximately 66.82% to 50.58% as compared to approximately RMB 572,595,100 for the same period of the previous year; (3) the net profits attributable to the owners of the parent company after deducting non-recurring profit or loss was estimated to be in a range of approximately RMB 125,000,000 to RMB 185,000,000, representing a decrease by a range of RMB 339,151,100 to RMB 279,151,100 or with a decrease of approximately 73.07% to 60.14% as compared to approximately RMB 464,151,100 for the same period of the previous year. The Group expected to record an increase in revenue and decrease in net profit during the reporting period mainly due to: (A) Impact of business operations By 2025, the semiconductor industry exhibited obvious structural divergence in market conditions, with significant variations in downstream application demand. The gross profit rose by approximately RMB 200 million to RMB 260 million when compared to the same period of last year. FPGA products demonstrate strong applicability across wired and wireless communications, satellite communications, video imaging, industrial control, artificial intelligence, and specialised high-reliability sectors. The Company achieved revenue growth with the competitive strength of the Company's products. Performance varied across sub-segments of the security and identification chips market, with overall revenue showing modest growth driven by RFID and sensor chips. The non-volatile memory market was fiercely competitive, with revenue declined during the year. Benefited from sound market positioning and consistent product quality, sales of MCU chips experienced rapid growth by year across the automotive and white goods sectors. (B) Impact of expenditure and cost 1.) Against a background of heightened uncertainty in the international environment and volatility within the integrated circuit supply chain, the Company implemented a strategic stockpiling strategy in recent years to ensure continuous and stable deliveries to customers, with particular emphasis on increasing inventory levels for critical materials constrained by overseas production. On one hand, amid increasingly strained international trade conditions, the Company's inventory enhanced supply chain security and resilience effectively, supported the favourable market performance of relevant products, and ensured stable operating revenue. On the other hand, structural shifts in downstream demand for certain stockpiled products led to the sales of some inventory being lower than expected. The Company conducted impairment test and measurement of inventories according to prudent principles, resulting in an increase of approximately RMB 250 million of impairment losses of inventory when compared to the previous year. 2.) To enhance product competitiveness and supply chain resilience, the Company continued to strengthen its diversified supply system and intensify efforts in developing new processes and products. Concurrently, influenced by shifts in the international trade environment, changes have occurred in supply chains and customer demand. Certain capitalised research and development projects are unlikely to achieve anticipated economic benefits in the future, therefore, some development expenditure was written off. Thus, research and development expenses increased by approximately RMB 180 million when compared to the previous year. 3.) There are reductions of the VAT deduction for integrated circuit design enterprises and special government subsidies for research and development projects, resulting in a decrease in other income of approximately RMB 90 million.