Shanghai Fudan (01,385) fell by more than 4% after the results. As of press release, it fell 4.38% to HK$11.34, with a turnover of HK$11.381 million.
The Zhitong Finance App learned that Shanghai Fudan (01,385) fell by more than 4% after the results. As of press release, it fell 4.38% to HK$11.34, with a turnover of HK$11.381 million.
According to the news, Shanghai Fudan announced annual results, with operating income of RMB 3,536 million, which is basically the same as the previous year; net profit attributable to shareholders of the parent company was 719 million yuan, a decrease of 33.18% over the previous year. Among them, in the fourth quarter of 2023, the company's main revenue in a single quarter was 798 million yuan, a year-on-year decrease of 4.37%; net profit returned to mother in a single quarter was 69.3521 million yuan, a year-on-year decrease of 68.14%.
According to the announcement, due to factors such as structural reduction in production capacity and digestion of early inventory, demand for some chips represented by consumer electronics products showed a downward trend, which had a great impact on sales of some products used by the company in the consumer electronics, power electronics and other industries. Although related product lines actively took countermeasures such as launching new products and developing new customers, the pressure was still high during the reporting period, and revenue declined markedly.
In addition, the company's FPGAs and some non-volatile memories used in high-reliability scenarios benefited from advanced and reliable technology, continuous expansion in application fields and steady growth in demand from major customers. Revenue from related products maintained steady growth, contributing greatly to the company's performance during the reporting period.