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Shanghai Fudan Micro Unveils Share Incentive Details
SHANGHAI FUDAN: SUPPLEMENTAL ANNOUNCEMENT TO ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
Shanghai Fudan Microelectronics Group's Attributable Profit Drops 23% in H1
Full 2024 Semi-Annual Report
2024 Semi-Annual Report Summary
In the first half of the year, Fudan Microelectronics' net profit attributable to shareholders decreased by 22.52% year-on-year. The smart card business is under pressure, and the prices of storage product lines have stopped falling and rebounded.
In the first half of the year, Fudan Microelectronics achieved revenue of approximately 1.794 billion yuan, a decrease of 0.12% compared to the same period last year; achieved a net income of approximately 0.348 billion yuan attributable to shareholders, a decrease of 22.52% compared to the same period last year. Due to the decrease in product sales prices and the impact of structural adjustments, the comprehensive gross margin of Fudan Microelectronics in the first half of the year was 56.49%, a year-on-year decrease of 10.6 percentage points.
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