Shanghai Fudan (01385) announced the results for the first three quarters of 2024. From January to September 2024, the group achieved operations...
According to the Zhitong Finance App, Shanghai Fudan (01385) released results for the first three quarters of 2024. From January to September 2024, the Group achieved operating income of about RMB 2.684 billion, a decrease of about 1.99% from the same period of the previous year; realized net profit attributable to shareholders of listed companies was approximately RMB 0.427 billion, a decrease of about 34.29% over the same period of the previous year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was approximately RMB 0.385 billion, a decrease of about RMB 0.385 billion from the same period last year was 36.26%.
The revenue for each product line is approximately RMB 0.576 billion for security and identification chips, approximately RMB 0.837 billion for non-volatile memory, RMB 0.31 billion for smart meter chips, approximately RMB 0.876 billion for FPGA and other products, and revenue from testing services (after consolidation and offset) of approximately RMB 0.085 billion. From January to September, the product's comprehensive gross margin decreased to 55.05% from 64.58% in the same period last year.
From January to September 2024, the Group's product lines faced intense competition in the stock market. In order to consolidate and expand its market share, the Group adjusted the sales prices of some products, and sales volume increased. Affected by falling product sales prices and product restructuring, the Group's comprehensive gross margin declined during the reporting period, and operating income decreased slightly year-on-year. At the same time, the Group continues to iterate products and technology and strengthen R&D based on diversified suppliers, leading to a year-on-year increase in R&D expenses. As a result, net profit attributable to listed companies declined during the reporting period.