SEHK:1385Semiconductor
Is Revenue Growth Amid Profit Compression Reshaping the Investment Case for Fudan Microelectronics (SEHK:1385)?
In January 2026, Shanghai Fudan Microelectronics Group issued unaudited guidance for 2025, expecting revenue of about RMB 3,930,000,000 to RMB 4,030,000,000, but projecting net profit attributable to shareholders to fall to roughly RMB 190,000,000 to RMB 283,000,000 and core net profit after non-recurring items to RMB 125,000,000 to RMB 185,000,000.
The company links this profit compression to inventory impairment after earlier stockpiling, higher research and development expenses from...