Fudan Microelectronics reports mixed half-year: Revenue up, profit tumbles 44%

For the half-year ended June 30, 2025, Shanghai Fudan Microelectronics Group reported revenue of RMB183,885.10 million, a 2.49% increase from RMB179,409.53 million in the same period of 2024. Despite this revenue growth, net profits attributable to shareholders experienced a substantial decline of 44.38%, falling to RMB19,361.41 million from RMB34,809.20 million in 2024. Basic earnings per share also decreased from RMB0.42 to RMB0.24.

The decrease in net profit was primarily attributed to a reduction in input tax credits for IC enterprises and government subsidies for project acceptance, alongside an increase in inventory impairment losses due to declining demand and aging inventory. Total assets of the Group increased by 2.90% to RMB930,318.71 million as of June 30, 2025, from RMB904,111.28 million at the beginning of the reporting period. Net cash flow from operating activities rose by 45.94% to RMB18,553.43 million, driven by increased cash receipts from product sales.

The Group's R&D expenses amounted to RMB46,347.99 million, a 5.63% decrease from RMB49,114.52 million in the prior year, with the percentage of R&D investment to revenue at 28.99%.