经公司2025年度第三次职工代表大会民主选举通过，选举沈鸣杰为公司第十届董事会职工董事，任期自 公司公司章程修订(含增加职工董事条款)经临时股东大会审议通过之日起，至第十届董事会任期届满为 止(即2028年6月17日)。 格隆汇11月10日丨上海复旦(01385.HK)发布公告，公司的提名委员会已通过提名张玉明为独立董事(独 立非执行董事)。董事会将提呈相关决议案于临时股东大会上获取股东批准。 ...

经公司2025年度第三次职工代表大会民主选举通过，选举沈鸣杰先生为公司第十届董事会职工董事，任 期自公司公司章程修订(含增加职工董事条款)经临时股东大会审议通过之日起，至第十届董事会任期届 满为止(即2028年6月17日)。 智通财经APP讯，上海复旦(01385)发布公告，公司的提名委员会已通过提名张玉明先生为独立董事(独 立非执行董事)。董事会将提呈相关决议案于临时股东大会上获取股东批准。 ...

经公司2025年度第三次职工代表大会民主选举通过，选举沈鸣杰先生为公司第十届董事会职工董事，任 期自公司公司章程修订(含增加职工董事条款)经临时股东大会审议通过之日起，至第十届董事会任期届 满为止(即2028年6月17日)。 上海复旦(01385)发布公告，公司的提名委员会已通过提名张玉明先生为独立董事(独立非执行董事)。董 事会将提呈相关决议案于临时股东大会上获取股东批准。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 上海復旦微電子集團股份有限公司 Shanghai Fudan Microelectronics Group Company Limited* ( 在 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ) (股 份 編 號: 1385) 建議委任獨立董事及職工董事; 及暫停辦理股份過戶登記 建議委任獨立董事 提名委員會提名的候選人必須符合《上市規則》第 3.08 和 3.09 條規定的標準。將被委 任為獨立董事的候選人也必須符合上市規則第 3.13 條所規定的獨立性標準。合資格的 候選人被推薦給董事會批准。提名委員會根據本公司董事會多元化政策，考慮了性別、 年齡、文化和教育背景、技能和專業經驗、知識和服務年限等不同多元化因素，對董事 候選人的背景、專業知識和經驗進行了審查及評估。提名委員會認為，如上述簡歷的描 述，張玉明先生擁有履行董事職責所必需具備的專業知識和經驗、管理、技術、或其他 ...

Core Viewpoint - The company reported a revenue of 3.024 billion RMB for the first three quarters, representing a year-on-year growth of 12.7%, with Q3 revenue reaching 1.186 billion RMB, up 33.28% year-on-year, driven by sales in non-volatile storage chips, smart meter chips, and FPGA and other chip businesses [1] Revenue Summary - The revenue for Q3 was primarily boosted by non-volatile storage chips, smart meter chips, and FPGA and other chip sales, with year-on-year growth rates of 44%, 42%, and 34% respectively [2] - The revenue from security and identification chips in Q3 grew by 16% year-on-year [2] Profitability Summary - The overall gross margin for products in the first three quarters was 58.47%, an increase of 3.42 percentage points year-on-year, while Q3 gross margin reached 61.06%, up 8.91 percentage points, attributed to revenue growth and product structure optimization [1] - The net profit attributable to the parent company for the first three quarters was 330 million RMB, a decrease of 22.69% year-on-year, influenced by government subsidy verification, reduced VAT deductions, increased storage impairment provisions, and intangible asset impairment [1] - In Q3, the net profit attributable to the parent company was 137 million RMB, a significant increase of 72.69%, corresponding to a net profit margin of 12% [1] Business Segment Performance - The non-volatile memory business in Q3 generated revenue of 343 million RMB, a year-on-year increase of 44%, driven by demand recovery in the consumer electronics market due to national subsidy policies [2] - The smart meter chip business achieved revenue of 139 million RMB in Q3, growing by 42% year-on-year, with sales growth in smart water, gas, and heat meters, as well as industrial control [2] - The FPGA and other products generated revenue of 433 million RMB in Q3, reflecting a year-on-year growth of 34%, with high reliability products in demand [3] Market Outlook - The company is actively exploring consumer applications and partnerships, particularly in the security and identification chip sector, where it faces intense market competition but maintains a strong position in emerging fields [2] - The company anticipates continued price increases and improved profitability in the SLC NAND segment due to rising demand and prices for related products [2] - The company has adjusted its net profit forecasts for 2025-2027 to 530 million, 976 million, and 1.191 billion RMB respectively, reflecting a year-on-year growth rate of -7%, +84%, and +22% [3]

Core Viewpoint - The company reported its Q3 2025 results, showing a significant increase in revenue and profit in Q3, while facing challenges in the first three quarters of the year, leading to a decline in net profit year-over-year. Revenue Summary - For the first three quarters of 2025, the company achieved revenue of 3.024 billion yuan, a year-over-year increase of 12.7% [1] - In Q3 2025, revenue reached 1.186 billion yuan, representing a year-over-year growth of 33.3% and a quarter-over-quarter increase of 24.7% [3] - Revenue breakdown for Q3 includes: - Security and identification chips: 239 million yuan, up 16.0% YoY, up 25.8% QoQ - Non-volatile memory: 343 million yuan, up 44.1% YoY, up 69.0% QoQ - Smart meter chips: 139 million yuan, up 41.8% YoY, down 4.1% QoQ - FPGA and other products: 433 million yuan, up 34.5% YoY, up 17.7% QoQ - Testing services: 32 million yuan, up 23.1% YoY, down 30.4% QoQ [3] Profit Summary - The gross profit margin for the first three quarters was 58.47%, an increase of 3.42 percentage points year-over-year [2] - Net profit attributable to shareholders for the first three quarters was 330 million yuan, a decline of 22.69% YoY, while the non-GAAP net profit was 303 million yuan, down 21.21% YoY [2] - In Q3, net profit attributable to shareholders was 137 million yuan, a significant increase of 73.4% YoY and 140.4% QoQ, driven by revenue and gross profit growth [3] Product Development and Market Expansion - The company is actively expanding new products, with notable growth in FPGA and other product lines [1] - Key developments include: - Security and identification chips: Gaining market share through deep cooperation with Alipay - Non-volatile memory: Launching NOR Flash series for AMOLED modules and IoT modules - Smart meter chips: Inclusion of automotive-grade MCU products in customer platforms - FPGA and others: Advancements in large-scale FPGA and RF-FPGA production [4] Profit Forecast Adjustment - Due to impairment impacts, the company has adjusted its net profit forecasts for 2025-2027 to 645 million, 1.009 billion, and 1.285 billion yuan, respectively, down from previous estimates [4]

25Q3 营收和盈利同比增长明显，存储和高可靠领域需求向好 ——上海复旦（1385.HK）2025 年三季报业绩点评 要点 事件：公司前三季度实现营收 30.24 亿人民币，同比增长 12.7%；25Q3 实现 营收 11.86 亿人民币，同比增长 33.28%；Q3 营收增长主要系非挥发性存储 芯片、智能电表芯片和 FPGA 及其他芯片业务的销售带动，Q3 收入分别同比 增长 44%/42%/34%，而安全与识别芯片 Q3 营收同比增长 16%。利润端， 前三季度产品综合毛利率 58.47%，同比增长 3.42pct；25Q3 产品综合毛利 率 61.06%，同比增长 8.91pct，系营收增长叠加产品结构优化。前三季度归 母净利润 3.30 亿人民币，同比下降 22.69%，系受到政府补助专项验收和增 值税加计抵减额下降、存储跌价准备增加、无形资产计提减值等的影响。其中 25Q3 归母净利润 1.37 亿人民币，同比增长 72.69%，对应归母净利率 12%。 非挥发性存储器 Q3 营收回暖，公司积极开拓民品应用领域和合作：1）安全 与识别芯片业务 25Q3 实现收入 2.39 亿元，同比增长 16%。金 ...

Core Viewpoint - The report from Everbright Securities indicates that Shanghai Fudan (01385) is experiencing a recovery in high-reliability sectors and storage demand, while actively expanding into emerging fields such as automotive and industrial applications. However, due to intense market competition and the impact of asset impairment losses in 2025, the profit forecast for 2025-2027 has been adjusted downward for 2025 and 2026, while showing an increase for 2027 [1] Group 1: Financial Performance - In the first three quarters, the company achieved revenue of 3.024 billion RMB, representing a year-on-year growth of 12.7% [2] - In Q3 2025, the company reported revenue of 1.186 billion RMB, with a significant year-on-year increase of 33.28% [2] - The revenue growth in Q3 was primarily driven by sales of non-volatile storage chips, smart meter chips, and FPGA and other chip businesses, with respective year-on-year growth rates of 44%, 42%, and 34% [2] Group 2: Profitability Metrics - The overall gross profit margin for products in the first three quarters was 58.47%, an increase of 3.42 percentage points year-on-year [2] - In Q3 2025, the gross profit margin for products reached 61.06%, reflecting an increase of 8.91 percentage points, attributed to revenue growth and product structure optimization [2] - The net profit attributable to shareholders for the first three quarters was 330 million RMB, a decline of 22.69%, influenced by government subsidy inspections, reduced VAT deductions, increased storage impairment provisions, and intangible asset impairment [2] - In Q3 2025, the net profit attributable to shareholders was 137 million RMB, showing a year-on-year growth of 72.69%, with a corresponding net profit margin of 12% [2] Group 3: Future Outlook - The profit forecast for 2025-2027 has been adjusted to 530 million RMB, 976 million RMB, and 1.191 billion RMB, reflecting changes of -26.4%, -1.1%, and +7.2% respectively compared to previous predictions [1] - The expected year-on-year growth rates for net profit in 2025, 2026, and 2027 are -7%, +84%, and +22% respectively [1] - The current closing price is 39.5 HKD, corresponding to a forecasted P/E ratio of 56x for 2025 and 30x for 2026, with a maintained "buy" rating due to accelerated domestic substitution of FPGA chips and recovery in storage demand [1]

Core Viewpoint - The report from Everbright Securities indicates a recovery in demand for high-reliability and storage sectors for Shanghai Fudan (01385), while also highlighting the company's expansion into emerging fields such as automotive and industrial applications. However, due to intense market competition and asset impairment losses, profit forecasts for 2025-2027 have been adjusted downward for 2025 and 2026, while showing an increase for 2027. The current stock price suggests a "buy" rating based on the anticipated recovery in memory business and accelerated domestic substitution of FPGA chips [1][2]. Financial Performance - For the first three quarters, the company achieved revenue of 3.024 billion RMB, representing a year-on-year growth of 12.7%. In Q3 2025, revenue reached 1.186 billion RMB, with a significant year-on-year increase of 33.28%. The growth in Q3 revenue was primarily driven by sales of non-volatile memory chips, smart meter chips, and FPGA and other chip businesses, with respective year-on-year growth rates of 44%, 42%, and 34% [2]. - The overall gross profit margin for the first three quarters was 58.47%, an increase of 3.42 percentage points year-on-year. In Q3 2025, the gross profit margin was 61.06%, up by 8.91 percentage points, attributed to revenue growth and product mix optimization [2]. - The net profit attributable to shareholders for the first three quarters was 330 million RMB, a decline of 22.69%, influenced by government subsidy verification, a decrease in VAT deductions, increased provisions for storage price declines, and impairment of intangible assets. In Q3 2025, the net profit attributable to shareholders was 137 million RMB, reflecting a year-on-year increase of 72.69%, with a corresponding net profit margin of 12% [2]. Market Outlook - The report emphasizes the ongoing recovery in the storage business and the acceleration of domestic substitution for FPGA chips, which are expected to positively impact the company's future performance. The adjusted profit forecasts reflect a cautious outlook due to competitive pressures and asset impairment issues, but the long-term growth potential remains strong [1].

每经AI快讯，11月6日，港股芯片股涨幅居前，截至发稿，中芯国际(00981.HK)涨5.3%，报75.45港元； 华虹半导体(01347.HK)涨4.29%，报76.6港元；上海复旦(01385.HK)涨3.14%，报40.74港元；中兴通讯 (00763.HK)涨2.8%，报32.28港元。 （文章来源：每日经济新闻） ...