Shanghai Fudan Microelectronics Group Co., Ltd. (“Fudan Microelectronics”) issued the 2023 Continuous Supervision Tracking Report on April 15, 2024. The report is sponsored by CITIC Securities Co., Ltd., as a sponsor, to complete ongoing supervision work in accordance with the relevant regulations. Fudan Microelectronics is required to disclose non-compliance with a declaration by the sponsor in 2023, and the company and its controlling shareholders, effective controllers, etc., have fulfilled their commitments. The report notes that the main risks facing Fudan Micro include changes in the international trade environment, industry competition, new product R&D and technological iterations, talent attraction and innovation retention. In 2023, the company achieved sales revenue of approximately $35.36 billion, broadly flat with the same period last year, but net profit attributable...Show More

Shanghai Fudan Microelectronics Group Co., Ltd. (“Fudan Microelectronics”) issued the 2023 Continuous Supervision Tracking Report on April 15, 2024. The report is sponsored by CITIC Securities Co., Ltd., as a sponsor, to complete ongoing supervision work in accordance with the relevant regulations. Fudan Microelectronics is required to disclose non-compliance with a declaration by the sponsor in 2023, and the company and its controlling shareholders, effective controllers, etc., have fulfilled their commitments. The report notes that the main risks facing Fudan Micro include changes in the international trade environment, industry competition, new product R&D and technological iterations, talent attraction and innovation retention. In 2023, the company achieved sales revenue of approximately $35.36 billion, broadly flat with the same period last year, but net profit attributable to shareholders of listed companies decreased by 33.18%, mainly due to a downward trend in demand for chips. The company's R&D investment accounted for 33.64%, showing the company's importance to technological innovation. In addition, the risk of falling inventories and the risk of recovery of accounts receivable are also in focus. During the reporting period, the company's use of raising funds is compliant and has no controlling shareholders and effective controllers. The holding of the company's first largest shareholders, second largest shareholders and senior management personnel is stable, with no deposits, freezes or reductions.