Shanghai Fudan Microelectronics Group Co (HK:1385) has released an update.
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Shanghai Fudan Microelectronics Group reported a 5.55% decline in revenue and a significant 60.60% drop in net profits for the third quarter of 2024 compared to the previous year. Despite these challenges, the company increased its research and development investments, which now account for over 33% of its revenue. Investors are closely watching how these strategic allocations will impact future performance.
For further insights into HK:1385 stock, check out TipRanks’ Stock Analysis page.
