Shanghai Fudan Microelectronics Group Co (HK:1385) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
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.
