Summary by Futu AI
Shanghai Fudan Microelectronics Group Co., Ltd. (the “Company”) announced audited consolidated results for the year ended December 31, 2023. The company's operating income was approximately RMB35.36 billion, broadly in line with the same period last year, but net profit attributable to shareholders of the parent company was approximately RMB719 billion, down 33.18% year-on-year. The Company's total assets were approximately RMB84.11 billion, an increase of 37.65% year-on-year, while net assets attributable to the shareholders of the parent company were approximately RMB53.3 billion, an increase of 17.03% year-on-year. The company said the drop in demand for some chips had a big impact on sales, but revenue from FPGAs and non-volatile memory products in high-reliability scenarios maintained steady growth. The company invested about RMB 11.90 billion in R&D, an increase of 34.25% year-on-year, and the R&D staff increased to 1,178 people. The Board of Directors proposes to declare a final dividend of RMB1.00 per 10 shares for the year ended 31 December 2023 (tax included).