Group 1 - Semiconductor stocks in Hong Kong showed strong performance, with notable gains in several companies [1] - Shun Tai Holdings surged over 18%, while SMIC and Shanghai Fudan both increased by over 8% [1][2] - Other companies like Jingmen Semiconductor, Huahong Semiconductor, and Hongguang Semiconductor also experienced significant increases, ranging from 3% to 6% [1][2] Group 2 - Shun Tai Holdings (code: 01335) rose by 18.32% to a price of 0.155, with a total market capitalization of 3.77 billion [2] - SMIC (code: 00981) increased by 8.98% to 61.300, with a market cap of 4895.62 billion [2] - Shanghai Fudan (code: 01385) saw an 8.77% rise to 37.960, with a market value of 311.81 billion [2] - Jingmen Semiconductor (code: 02878) gained 6.00% to 0.530, with a market cap of 13.24 billion [2] - Huahong Semiconductor (code: 01347) increased by 5.78% to 55.800, with a total market value of 965.05 billion [2] - Hongguang Semiconductor (code: 06908) rose by 3.33% to 0.620, with a market cap of 5.82 billion [2]

Group 1 - Semiconductor stocks in Hong Kong continued their recent momentum, with Shanghai Fudan rising by 7.68%, SMIC by 7.02%, Hua Hong Semiconductor by 4.27%, and Jingmen Semiconductor by 4% [1][2] - According to TrendForce, the proportion of imported chips in China's AI server market is expected to decrease from 63% in 2024 to 42% by 2025, while domestic chip suppliers' share is projected to rise to 40%, indicating a trend towards domestic substitution [2] - The Chinese government recently issued opinions on the implementation of the "Artificial Intelligence +" initiative, emphasizing the integration of AI-driven technology research and development, which is expected to benefit the semiconductor and domestic computing sectors [3] Group 2 - Shanghai Fudan reported a revenue of 1.839 billion yuan for the first half of 2025, a year-on-year increase of 2.49%, but net profit fell by 44.38% to 194 million yuan [4] - Despite the decline in profit, Shanghai Fudan's stock price surged, reaching an intraday increase of nearly 11% [4]

Group 1 - Semiconductor stocks experienced a rise in early trading, with Shanghai Fudan up 6.88% at HKD 37.3, SMIC up 5.6% at HKD 59.4, Jingmen Semiconductor up 4% at HKD 0.52, and Huahong Semiconductor up 2.56% at HKD 54.1 [1] - According to TrendForce, the proportion of foreign-sourced chips from companies like Nvidia and AMD in China's AI server market is expected to decrease from 63% in 2024 to 42% by 2025, while domestic chip suppliers' share is projected to rise to 40% [1] - Tianfeng Securities believes that the semiconductor, domestic computing power, and self-controllable sectors will remain long-term trends, especially amid ongoing uncertainties in US-China trade policies regarding AI computing power chips [1] Group 2 - Domestic large model development companies and internet platforms are expected to gradually increase their procurement and usage of domestic chips, creating growth opportunities for domestic chip suppliers and their supporting industry chain [1]

Core Viewpoint - Semiconductor stocks experienced a significant rise, indicating positive market sentiment and potential growth in the sector driven by domestic chip suppliers and AI server market trends [1] Group 1: Stock Performance - Shanghai Fudan (01385) increased by 6.88%, reaching HKD 37.3 - SMIC (00981) rose by 5.6%, trading at HKD 59.4 - Jingmen Semiconductor (02878) saw a 4% increase, priced at HKD 0.52 - Huahong Semiconductor (01347) gained 2.56%, with a price of HKD 54.1 [1] Group 2: Market Trends - According to TrendForce, the proportion of foreign-sourced chips in China's AI server market is expected to decrease from 63% in 2024 to 42% by 2025 - Domestic chip suppliers are projected to increase their market share to 40%, indicating a strong trend towards domestic substitution [1] Group 3: Industry Outlook - Tianfeng Securities emphasizes that the semiconductor, domestic computing power, and self-controllable sectors will remain long-term trends - In light of ongoing uncertainties in US-China trade policies regarding AI computing chips, domestic model development companies and internet platforms are expected to gradually increase their procurement and usage of domestic chips - This shift is likely to create development opportunities for domestic chip suppliers and their supporting industry chain [1]

Group 1 - Shanghai Fudan (01385.HK) increased by 5.21% [1] - SMIC (09981.HK) rose by 2.76% [1] - Chipone Technology (02166.HK) gained 2.23% [1]

港股证券代码：01385 证券简称：上海复旦 上海复旦微电子集团股份有限公司 关于 2025 年半年度计提资产减值准备的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 司"） 召开了第十届董事会第三次会议、第九届监事会第二十一次会议，审议 通过了《关于 2025 年半年度公司计提资产减值准备的议案》。具体情况如下： 一、计提资产减值准备情况概述 根据《企业会计准则》及相关会计政策的规定，为客观、公允地反映公司 截至 2025 年 6 月 30 日的财务状况及 2025 年 1-6 月的经营成果，本着谨慎性原 则，公司对截至 2025 年 6 月 30 日母公司及子公司的资产进行了减值测试， A 股证券代码：688385 证券简称：复旦微电 公告编号：2025-041 三、本次计提资产减值准备对公司的影响 上半年计提各项资产减值损失共计约为 17,179.26 万元,将导致 2025 年半 年度合并报表税前利润减少约为 17,179.26 万元，并相应减少报告期末所有者 权益，对公司报告期的经营现金流没有影响。 四、专 ...

Core Viewpoint - Fudan Microelectronics (688385.SH) reported a revenue of approximately 1.839 billion yuan, representing a year-on-year increase of 2.49%, but net profit attributable to shareholders decreased by 44.38% to about 194 million yuan [1] Financial Performance - The company achieved an operating revenue of approximately 1.839 billion yuan, which is a 2.49% increase compared to the same period last year [1] - The comprehensive gross profit margin was 56.80%, an increase of 0.31 percentage points year-on-year [1] - Net profit attributable to shareholders was approximately 194 million yuan, a decrease of 44.38% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately 182 million yuan, a decrease of 40.96% year-on-year [1] Market and Product Performance - The company faces intense market competition across its product lines and is actively expanding into new products and markets to consolidate or increase market share [1] - All product lines in the integrated circuit design sector, except for volatile storage, achieved growth, leading to an increase in operating revenue [1] Challenges - The decline in net profit is attributed to a reduction in confirmed value-added tax deductions and government subsidies, as well as an increase in inventory impairment provisions due to decreased demand for certain products and longer inventory aging [1]

Core Insights - Fudan Microelectronics reported a revenue of 1.839 billion yuan for the first half of 2025, a year-on-year increase of 2.49%, while net profit attributable to shareholders decreased by 44.38% to 194 million yuan [1] - The decline in net profit is attributed to intense market competition, reduced government subsidies, and increased inventory write-downs due to declining demand for certain products [1] - The company has a diverse product line including security and identification chips, non-volatile memory, smart meter chips, and FPGA, with growth in most segments except for non-volatile memory [1][2] Business Performance - The security and identification chip product line generated approximately 393 million yuan in sales, with some sub-products performing well due to market demand, although overall revenue faced pressure from competition [3] - The non-volatile memory product line achieved sales of about 440 million yuan, while the smart meter chip line generated approximately 248 million yuan in revenue [3] - The FPGA and other products line, which includes FPGA, PSoC, and FPAI, reported sales of around 681 million yuan, positioning the company as a leading FPGA supplier in China [2] Strategic Adjustments - The company is actively adjusting its inventory structure to alleviate financial pressure and ensure supply chain security, having previously engaged in strategic stocking [2] - Fudan Microelectronics plans to explore growth opportunities in the second half of 2025 by enhancing collaboration across the supply chain and adapting product strategies to market changes [3]

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，概不對因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) 海外監管公告 本公告乃上海復旦微電子集團股份有限公司（「本公司」）根據香港聯合交易所有限公司 證券上市規則第 13.10B 條的規定刊發。 茲載列本公司於上海證券交易所網站刊發的《第九届監事會第二十一次會議决議公 告》，僅供參閱。 承董事會命 上 海 復 旦 微 電 子 集 團 股 份 有 限 公 司 董事長 張衛先生 中國，上海，2025 年 8 月 27 日 上海复旦微电子集团股份有限公司(以下简称"公司") 第九届监事会第二 十一次会议于 2025 年 8 月 13 日以电子邮件方式发出，于 2025 年 8 月 27 日以 现场加通讯表决的形式召 ...

本公告乃上海復旦微電子集團股份有限公司（「本公司」）根據香港聯合交易所有限公司 證券上市規則第 13.10B 條的規定刊發。 茲載列本公司於上海證券交易所網站刊發的《關於使用閑置自有資金委托理財的公 告》，僅供參閱。 承董事會命 上 海 復 旦 微 電 子 集 團 股 份 有 限 公 司 董事長 張衛先生 中國，上海，2025 年 8 月 27 日 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，概不對因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) 海外監管公告 於本公告日期，本公司之執行董事為張衛先生及沈磊先生； 非執行董事為閆娜女士、 莊啟飛先生、張睿女士及宋加勒先生；獨立非執行董事為石艶玲女士、王美娟女士及胡 雪先生。 *僅供識別 | A | 股证 ...