Shanghai Fudan Microelectronics Group Co., Ltd. (the "Company") announced the unaudited financial report for the third quarter of 2024. The report shows that as of the nine months ended September 30, 2024, the Company and its subsidiaries (the "Group") had revenue of RMB 26.836 billion, a decrease of 1.99% compared to the same period last year; the net profit attributable to the shareholders of the listed company was RMB 4.272 billion, a decrease of 34.29%; the net profit after deducting non-recurring gains and losses was RMB 3.847 billion, a decrease of 36.26%. Looking at the third quarter alone, revenue was RMB 8.896 billion, a decrease of 5.55%; net profit was RMB 0.791 billion, a decrease of 60.60%; the net profit after deducting non-recurring gains and losses was RMB 0.758 billion, a decrease...Show More

Shanghai Fudan Microelectronics Group Co., Ltd. (the "Company") announced the unaudited financial report for the third quarter of 2024. The report shows that as of the nine months ended September 30, 2024, the Company and its subsidiaries (the "Group") had revenue of RMB 26.836 billion, a decrease of 1.99% compared to the same period last year; the net profit attributable to the shareholders of the listed company was RMB 4.272 billion, a decrease of 34.29%; the net profit after deducting non-recurring gains and losses was RMB 3.847 billion, a decrease of 36.26%. Looking at the third quarter alone, revenue was RMB 8.896 billion, a decrease of 5.55%; net profit was RMB 0.791 billion, a decrease of 60.60%; the net profit after deducting non-recurring gains and losses was RMB 0.758 billion, a decrease of 59.77%. The total R&D investment was RMB 8.994 billion, accounting for 33.51% of revenue, a slight increase from the same period last year. The total assets of the Company were RMB 88.418 billion, an increase of 5.12% from the end of the previous year; the owner's equity attributable to the shareholders of the listed company was RMB 57.075 billion, an increase of 7.63%. The Company stated that the decrease in net profit was mainly due to fierce competition in certain product lines, declining product selling prices, product structure adjustments, and increased R&D expenses. In addition, the Company is progressing with work related to convertible bonds, which requires approval by the shareholders' meeting and has uncertainties pending.