Summary by Moomoo AI
Shanghai Fudan Microelectronics Group Co., Ltd. (the “Issuer”) has been acquiring technology, raw materials or channels downstream around the industry chain in recent years through investments in companies such as Xihongqiao Navigation, Hualong Corporation, Shanghai Haojun, Spear Innovation Oy Ltd, Fudan Communications, eTopus, ScaleFlux, Inc. Investments that are not considered to be financial investments. Among them, investments in technology parks are considered to be financial investments with a book value of $1,637.62 million, representing a net asset ratio of 0.34% of the parent company. The issuer's associated transactions with Fudan Communications increased year on year, driven primarily by the development of its FPGA products and high-reliability memory products business, and related to adjustments in the Company's sales strategy, without prejudice to the Company's and other shareholders' legitimate interests through the related transactions.