Summary by Moomoo AI
Shanghai Fudan Microelectronics Group Co., Ltd. (the "Company") announced its 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") achieved revenue of RMB 26.836 billion, a decrease of 1.99% compared to the same period last year; net profit attributable to shareholders of the listed company was RMB 4.272 billion, down 34.29%; net profit after deducting non-recurring gains and losses was RMB 3.847 billion, down 36.26%. Looking at the third quarter alone, revenue was RMB 8.896 billion, down 5.55%; net profit was RMB 0.791 billion, down 60.60%; net profit after deducting non-recurring gains and losses was RMB 0.758 billion, down 59.77%. The total research and development investment amounted to RMB 8.994 billion, accounting for 33.51% of...Show More