Summary by Moomoo AI
Shanghai Fudan Microelectronics Group Co., Ltd. (“Shanghai Fudan”) issued on 23 February 2024 its preliminary results announcement for the year ended 31 December 2023 and issued a profit warning. According to unaudited management accounts, the total operating revenue of Shanghai Fudan in 2023 was approximately RMB353.63 billion, down slightly by 0.07% compared to the same period last year. However, operating profit, total profit and net profit attributable to parent company owners decreased by 33.59 percent, 33.55 percent and 32.69 percent, respectively, with net profit of approximately RMB725 billion, a decrease of approximately RMB3.52 billion from last year. In addition, basic earnings per share decreased 32.58% and weighted average net asset yield decreased 13.69 percentage points. The company noted that decreased revenue and gross profit and increased R&D expenses were the main factors affecting the results. Total assets and equity owned by the parent company grew 37.04% and 17.02%, respectively, indicating the expansion of the company's assets. THE COMPANY REMINDS SHAREHOLDERS AND INVESTORS THAT THE ABOVE FINANCIAL DATA HAS NOT YET BEEN AUDITED AND THAT AUDITED ANNUAL RESULTS WILL BE ANNOUNCED IN MARCH 2024.