Fudan Microelectronics reports Q3 2025 growth, revamps governance

Shanghai Fudan Microelectronics Group Company Limited reported robust unaudited consolidated results for the third quarter ended September 30, 2025, with revenue increasing by 33.28% to 1,186 million yuan compared to the same period last year. Net profits attributable to shareholders of the parent company rose by 72.69% to 137 million yuan, driven by strong sales of non-volatile memory and FPGA chips. For the first nine months of 2025, total revenue grew by 12.70% to 3,024 million yuan. However, net profits for this period decreased by 22.69% to 330 million yuan, attributed to increased inventory impairment provisions, write-offs of R&D expenditures, and reduced other income.

Concurrently, the company announced the abolition of its supervisory committee, with its duties to be transferred to the board's audit committee. This significant governance change aligns with provisions of the PRC Company Law and new regulatory guidelines. Consequently, positions of chairman of the supervisory committee and supervisors will be eliminated.

To reflect these changes, the board proposed adopting new articles of association and amending relevant rules of procedures and certain regulations, including those concerning proceeds management, related party transactions, foreign investment, external guarantees, and general meeting procedures. These changes are subject to shareholder approval at an upcoming general meeting.