[2025 Semi-Annual Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company forecasts a slight revenue increase for H1 2025, but significant year-on-year declines in net profit attributable to shareholders and non-recurring net profit [Core Performance Indicators Forecast](index=1&type=section&id=II.%20Performance%20Forecast%3A%20Year-on-Year%20Decline) The company anticipates a slight revenue increase of 1.44% to 3.12% for H1 2025, while net profit attributable to shareholders and non-recurring net profit are expected to decline significantly by 39.67% to 48.29% and 35.24% to 44.95% respectively, indicating revenue growth without profit increase Key Financial Performance Forecast for H1 2025 | Indicator | 2025 H1 Forecast (RMB) | 2024 H1 Prior Period (RMB) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 1.82 billion - 1.85 billion | 1.794 billion | +1.44% to +3.12% | | Net Profit Attributable to Parent | 180 million - 210 million | 348 million | -39.67% to -48.29% | | Non-recurring Net Profit Attributable to Parent | 170 million - 200 million | 309 million | -35.24% to -44.95% | [Analysis of Performance Changes](index=1&type=section&id=III.%20Primary%20Reasons%20for%20Current%20Period%20Performance%20Changes) The significant decline in net profit is primarily due to a decrease in other income and a substantial increase in inventory impairment losses [Revenue and Gross Margin Analysis](index=2&type=section&id=I.%20Impact%20on%20Operating%20Revenue%20and%20Gross%20Margin) Despite intense market competition, the company achieved slight revenue growth by expanding new products and markets, with integrated circuit design product lines (excluding NVM) showing growth, while maintaining a stable overall gross margin year-on-year - Revenue growth primarily stemmed from the integrated circuit design segment (excluding NVM), as the company expanded new products and markets to address intense competition[6](index=6&type=chunk) - During the reporting period, the company's overall gross margin remained largely stable year-on-year[6](index=6&type=chunk) [Primary Reasons for Profit Decline](index=2&type=section&id=II.%20Impact%20of%20Other%20Income%20and%20Asset%20Impairment%20Losses) The significant decline in net profit is primarily due to a decrease of approximately **RMB 68 million** in other income from reduced VAT deductions and government subsidies, and a substantial increase of approximately **RMB 140 million** in inventory impairment losses due to decreased demand and longer inventory age - Other income decreased by approximately **RMB 68 million**, primarily due to reduced VAT super deduction for integrated circuit design enterprises and fewer government grants from project completion[6](index=6&type=chunk) - Inventory impairment losses increased by approximately **RMB 140 million** year-on-year, mainly due to decreased demand for certain products and extended inventory age[6](index=6&type=chunk) [Risk Warning and Other Disclosures](index=2&type=section&id=IV.%20Risk%20Warning) The company states no significant uncertainties affecting the accuracy of this performance forecast have been identified, advising investors to consult the 2024 Annual Report for detailed risk factors [Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) The company states no significant uncertainties affecting the accuracy of this performance forecast have been identified, advising investors to consult the 2024 Annual Report for detailed risk factors - The company has not identified any significant uncertainties affecting the accuracy of this performance forecast[7](index=7&type=chunk) - For potential risk factors in the company's operations, refer to the **2024 Annual Report**[7](index=7&type=chunk) [Other Disclosures](index=2&type=section&id=V.%20Other%20Explanatory%20Matters) This announcement is a voluntary disclosure under Hong Kong and Shanghai listing rules, emphasizing that forecast data are preliminary and final financial figures will be based on the official 2025 semi-annual report, cautioning investors about investment risks - This announcement is made in accordance with the listing rules of both Hong Kong and Shanghai stock exchanges[8](index=8&type=chunk) - The forecast data are preliminary, and the final financial figures will be subject to the official semi-annual report[8](index=8&type=chunk)

Core Viewpoint - Fudan Microelectronics (688385.SH) forecasts a slight increase in revenue for the first half of 2025, but a significant decline in net profit compared to the previous year [1] Revenue Forecast - The company expects revenue to be approximately RMB 1.82 billion to RMB 1.85 billion, representing a year-on-year increase of 1.44% to 3.12% [1] Profit Forecast - The anticipated net profit attributable to shareholders is projected to be around RMB 180 million to RMB 210 million, indicating a year-on-year decrease of 39.67% to 48.29% [1] - The net profit after excluding non-recurring gains and losses is expected to be between RMB 170 million and RMB 200 million, reflecting a year-on-year decline of 35.24% to 44.95% [1] Market Competition and Product Lines - 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, have achieved growth, contributing to the increase in revenue [1] - The overall gross margin level remains stable compared to the previous year [1]

人民财讯7月29日电，复旦微电(688385)7月29日晚间披露2025年半年度业绩预告，预计上半年实现营业 收入约18.2亿元—18.5亿元，同比增长1.44%—3.12%；归母净利润约1.8亿元—2.1亿元，同比下降 39.67%—48.29%。报告期内，公司各产品线所面对的市场竞争激烈，公司积极拓展新产品和新市场， 巩固或扩大市场占有率。除非挥发存储器外，集成电路设计板块各产品线均取得增长，致营业收入有所 提升；综合毛利率水平同比基本稳定。 转自：证券时报 ...

复旦微电公告，预计2025年1月1日至2025年6月30日，营业收入约为18.2亿元至18.5亿元，同比增加 1.44%至3.12%。预计实现归属于母公司所有者的净利润约为1.8亿元至2.1亿元，同比下降39.67%至 48.29%。预计归属于母公司所有者的扣除非经常性损益的净利润约为1.7亿元至2亿元，同比下降35.24% 至44.95%。上年同期营业收入为17.94亿元，净利润为3.48亿元。 ...

Group 1 - The company Fudan Microelectronics (688385.SH) plans to sign a "Technical Service Contract" with Fudan University to develop ultra-large-scale FPGA layout and routing technology [1] - The contract amount is set at 3.5 million RMB [1] - The contract has been approved by the company's board of directors and will take effect upon signing with Fudan University [1]

复旦微电表示，基于复旦大学设有集成芯片与系统国家重点实验室及微电子学院，拥有先进器材及设备，聘用大量尖端专才并在微电子研究及开发方面具 备丰富的知识和经验。公司与复旦大学共同推动产学研合作，有利于公司的经营。 其进一步表示，公司与复旦大学保持稳定的合作关系，本次关联交易不会对公司的独立性产生不利影响，公司主营业务不会因此类交易对关联方形成依 赖。 （校对/黄仁贵） 7月28日，复旦微电发布公告称，公司拟与复旦大学签署《技术服务合同》，委托复旦大学研究开发超大规模FPGA布局布线技术并提供相应的技术支 持，合同金额350万元人民币。交易类别为接受关联方劳务类。 合同于2025年7月28日生效，到2026年12月31日结束。研究开发的知识产权将归公司所有。 ...

Group 1 - The core viewpoint of the news highlights the strong performance of the Huaxia Sci-Tech Artificial Intelligence ETF (589010), which has risen by 2.01% today and nearly 7% over the past three trading days, indicating a robust upward trend in the market [1] - The ETF has experienced high trading volume with a turnover rate of 16.83% and a total transaction amount of 12.66 million yuan, suggesting significant capital inflow driving the price increase [1] - Key holdings within the ETF, such as Fudan Microelectronics, Daotong Technology, and others, have shown substantial gains, with Fudan Microelectronics surging by 8.02% and Daotong Technology increasing by 5.27% [1] Group 2 - The release of the GLM-4.5 model by Zhipu has been noted as a significant advancement in AI, being the first SOTA-level native intelligent model with doubled parameter efficiency and an API price only one-tenth of Claude's, which could enhance market confidence in AI applications [1] - The report mentions that various AI applications, including embodied intelligence and AI agents, are making breakthroughs, potentially leading to a renewed investment wave in the AI sector [1] - The WAIC exhibition showcased impressive robotic performances, particularly the Galbot humanoid robot, which demonstrated improved intelligence and stability in recognizing user intent and accurately grasping items in a real supermarket setting [1] Group 3 - The Huaxia Sci-Tech Artificial Intelligence ETF closely tracks the Shanghai Stock Exchange Sci-Tech Board AI Index, covering high-quality enterprises across the entire industry chain, benefiting from high R&D investment and policy support [2] - The ETF's design allows for a 20% price fluctuation range, which, combined with the elasticity of small and medium-sized stocks, aids in capturing the "singularity moment" of the AI industry [2]

Group 1 - The core viewpoint of the news highlights the strong performance of the Southern Science and Technology Chip ETF (588890), which saw a nearly 2% increase during early trading on July 29, 2025, with a turnover of 5.5% and a transaction volume of 32.32 million yuan [1] - The underlying index, the Shanghai Science and Technology Chip Index (000685), rose by 1.57%, with significant gains in constituent stocks such as Dongxin Co., Ltd. (688110) up 20.01%, Fudan Microelectronics (688385) up 9.26%, and Naxin Microelectronics (688052) up 7.92% [1] - Over the past year, the Southern Science and Technology Chip ETF (588890) has seen an increase in scale by 534 million yuan, with a notable growth of 3 million shares in the last two weeks [1] Group 2 - On July 28, the Shanghai Municipal Economic and Information Commission released measures to further expand the application of artificial intelligence, emphasizing support for key technological innovations in areas such as intelligent chips and brain-computer interfaces, with funding support of up to 50% for strategic projects [2] - According to China International Capital Corporation (CICC), the semiconductor industry is experiencing high demand, with rapid growth in the shipment of existing applications and the emergence of new applications, benefiting leading companies through operational leverage and rising net profit margins [2] - The Southern Science and Technology Chip ETF (588890) closely tracks the Shanghai Science and Technology Chip Index, which includes companies involved in semiconductor materials, chip design, manufacturing, packaging, and testing, reflecting the overall performance of representative chip industry listed companies [3]

Group 1 - The core viewpoint of the news is that the launch of Alipay's innovative payment device "Tap" has led to significant stock price movements for related companies, particularly Fudan Microelectronics, which saw a 9.81% increase in stock price and a trading volume exceeding 1.12 billion yuan [1] - Alipay's "Tap" has been implemented in over 400 cities across China, with more than 100 million users, and it offers a streamlined payment process that reduces transaction time by approximately 70% compared to traditional QR code payments [1] - The technology behind "Tap" relies on near-field communication (NFC) and avoids biometric identification methods, thus addressing user concerns regarding privacy while enhancing payment efficiency [1] Group 2 - Fudan Microelectronics is a key technology partner for the "Tap" ecosystem, having developed a high-performance NFC control chip that has passed rigorous testing and is now in mass production with initial orders exceeding 10 million units [1] - The chip developed by Fudan Microelectronics not only meets the needs of payment scenarios but also has potential applications in access control, logistics, and anti-counterfeiting, indicating a potential market size in the tens of billions [1] - The rapid deployment of the "Tap" ecosystem signifies a transition in China's mobile payment technology from a "scan code era" to a "frictionless payment era," highlighting the technological breakthroughs of domestic semiconductor companies in the Internet of Things sector [2]

Group 1 - CPO concept stocks remain active, with storage and optical chip concepts leading in gains, and the AI ETF (588930) seeing a 0.41% increase and over 27 million yuan in trading volume [1] - The AI ETF has experienced a net inflow of over 17 million yuan in the previous day, marking three consecutive trading days of inflows, totaling over 35 million yuan [1] - The AI ETF closely tracks the Shanghai Stock Exchange's AI Index, which selects 30 large-cap companies involved in providing foundational resources, technology, and application support for AI [1] Group 2 - Shanghai's Economic and Information Technology Commission announced measures to expand AI applications, including issuing 600 million yuan in computing power vouchers and 300 million yuan in model vouchers to support AI model applications [2] - First Shanghai Securities expresses strong optimism regarding the sustained high growth in AI-driven computing power demand, indicating a turning point for AI applications domestically and internationally [2] - Guojin Securities notes that AI PCB companies are experiencing strong orders and are ramping up production, with expectations for continued high growth in performance in the second half of the year [2]