Shanghai Fudan Microelectronics Group Co (HK:1385) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Shanghai Fudan Microelectronics has issued a profit warning, reporting an estimated revenue decrease of up to 2.85% and a net profit drop of up to 38.48% for the first nine months of 2024. The decline is attributed to competitive market conditions leading to price adjustments and increased research and development expenses. Investors are advised to exercise caution as the company finalizes its financial results.
For further insights into HK:1385 stock, check out TipRanks’ Stock Analysis page.
