Shanghai Fudan Microelectronics Group Co ( (HK:1385) ) has shared an announcement.
Shanghai Fudan Microelectronics Group Company Limited announced its preliminary annual results for 2024, revealing a slight revenue increase of 1.51% to approximately RMB 3,590 million, but a significant decrease in net profit by 20.43% to approximately RMB 573 million. The company faced intense market competition, leading to a strategic adjustment in product pricing and structure, which resulted in a reduced gross profit margin. Despite these challenges, the company increased its investment in research and development to enhance its product offerings and maintain technological advancement.
More about Shanghai Fudan Microelectronics Group Co
Shanghai Fudan Microelectronics Group Company Limited is a joint stock limited company based in China, operating within the microelectronics industry. The company focuses on developing and manufacturing integrated circuits and related products, catering to various market segments with a strong emphasis on innovation and market expansion.
YTD Price Performance: 26.09%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $4.07B
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