金融界2025年4月18日消息，国家知识产权局信息显示，上海复旦微电子集团股份有限公司申请一项名 为"乘法运算装置"的专利，公开号CN119806473A，申请日期为2023年10月。 作者：情报员 天眼查资料显示，上海复旦微电子集团股份有限公司，成立于1998年，位于上海市，是一家以从事计算 机、通信和其他电子设备制造业为主的企业。企业注册资本8190.604万人民币。通过天眼查大数据分 析，上海复旦微电子集团股份有限公司共对外投资了12家企业，参与招投标项目313次，财产线索方面 有商标信息83条，专利信息397条，此外企业还拥有行政许可26个。 本文源自：金融界 专利摘要显示，一种乘法运算装置，包括：符号计算器，适于基于第一值的符号位与第二值的符号位， 确定目标乘积的符号位；第一值与第二值均为浮点数；补偿器，适于基于第一值的尾数位以及第二值的 尾数位，确定指数标志位以及第一补偿值；指数计算器，适于基于第一值的指数位与第二值的指数位， 确定第一指数位；基于第一指数位以及指数标志位，确定目标乘积的指数位；尾数计算器，适于基于第 一值的尾数位与第二值的尾数位，确定第一尾数位；基于第一尾数位以及第一补偿值，确定 ...

Core Viewpoint - The company is poised to leverage the increasing demand for artificial intelligence applications by enhancing its FPGA product offerings, which are characterized by parallel computing, flexibility, and programmability [1] Group 1: Company Strategy - The company plans to expand its field-programmable gate array (FPGA) product series to meet the market demand driven by artificial intelligence and digital communication [1] - The focus on new generation FPGA products aims to strengthen the company's market position and overall competitiveness [1]

复旦微电：美国征收"对等关税"对公司业务影响较小 金十数据4月18日讯，复旦微电高管在2024年度业绩说明会上回应关税影响表示，近期公司产品的价格 总体平稳；当前公司业务以国内市场为主，美国征收"对等关税"对公司业务影响较小。 ...

2025 年 04 月 14 日 公司点评 买入/维持 复旦微电(688385) 昨收盘:50.16 FPGA 产品持续推进，未来可期 ◼ 走势比较 (30%) (8%) 14% 36% 58% 80% 24/4/15 24/6/26 24/9/6 24/11/17 25/1/28 25/4/10 ◼ 股票数据 | 总股本/流通(亿股) | 8.21/5.37 | | --- | --- | | 总市值/流通(亿元) | 412.03/269.41 | | 12 个月内最高/最低价 | 54.15/23.55 | | (元) | | 相关研究报告 <>--2023-08- 30 证券分析师：张世杰 E-MAIL：zhangsj@tpyzq.com 分析师登记编号：S1190523020001 证券分析师：李珏晗 E-MAIL：lijuehan@tpyzq.com 分析师登记编号：S1190523080001 事件：公司发布 24 年年报，24 年实现营业收入 35.90 亿元，同比增 长 1.53%；归属于上市公司股东的净利润 5.73 亿元，同比下降 20.42%； 扣除非经营性损益后的净利润 4.64 亿 ...

Group 1 - The company reported a revenue of 3.59 billion yuan for 2024, representing a year-on-year growth of 1.53% [1] - The net profit attributable to shareholders was 573 million yuan, a decrease of 20.42% year-on-year, while the net profit excluding non-operating gains and losses was 464 million yuan, down 18.92% [1] - In Q4 2024, the company achieved a single-quarter revenue of 907 million yuan, a year-on-year increase of 13.57%, and a net profit of 145 million yuan, up 109.59% year-on-year [1] Group 2 - The smart meter business showed signs of recovery, driven by increased bidding for meters from State Grid and Southern Grid, along with sustained demand in the overseas meter market [1] - The sales of smart meter MCUs saw significant growth, with the company benefiting from previous investments in automotive electronics, smart home appliances, and industrial sectors [1] - The company has sold over 10 million units in the automotive electronics sector [1] Group 3 - The new generation of FPGA products is being actively developed, with a wide market space [2] - The product lineup includes million-gate, billion-gate, and embedded programmable device chips, with ongoing advancements in 1xnm FinFET technology [2] - Revenue forecasts for 2025-2027 are projected at 4.00 billion, 4.74 billion, and 5.48 billion yuan, with corresponding net profits of 789 million, 965 million, and 1.15 billion yuan [2]

(股 份 編號: 1385) 董事會會議通告 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 ) 上海復 旦 微電 子 集 團股 份 有限 公 司(「 本公 司 」)董事 會（「 董事 會」）謹此 公 告， 董 事會 將 於 2025 年 4 月 28 日舉 行會 議 ，藉 以 考慮 及批 准 本公 司 及其 附屬 公 司截 至 2025 年 3 月 31 日 止三 個 月之 第 一季度報告，以及處理任何其他 事項。 承董事會命 上 海 復 旦 微 電子 集團 股 份 有 限 公司 主席 蔣國興 中國，上海，2025 年 4 月 14 日 於本公告日期，本公司之執行董事為蔣國興先生、施雷先生、俞軍先生及沈磊先生； 非 執行董事為莊啟飛 ...

Group 1 - The core viewpoint of the article highlights that Gao Yi Asset recently conducted research on Fudan Microelectronics, focusing on their new generation of 1xnm FinFET advanced process FPGA products, which have received positive feedback from customers [1] - Fudan Microelectronics has completed sample testing for multiple FPGA products, offering differentiated performance and pricing to provide customers with diverse choices [1] - The company anticipates a credit impairment loss of approximately 45.68 million yuan for accounts receivable in 2024, primarily due to the aging of receivables from highly reliable customers [1] Group 2 - Fudan Microelectronics aims to stabilize performance and expand market share through various strategies in 2024, despite facing significant competition in smart card products [1] - The company reports good expansion in RFID products and a positive outlook for the smart meter product line [1] - In 2024, overseas sales are expected to account for about 5.6% of total sales, with direct exports to the U.S. valued at approximately $40,000, mainly consisting of financial card chips [1]

Investment Rating - The investment rating for Fudan Microelectronics (688385) is "Buy" and is maintained [2][9]. Core Views - The company reported a revenue of approximately 3.59 billion yuan for 2024, representing a year-on-year growth of 1.53%. However, the net profit attributable to shareholders decreased by 20.42% to approximately 573 million yuan [6][7]. - The semiconductor industry is currently at a bottoming phase but shows signs of stabilization. Some chip products, particularly in consumer electronics, are benefiting from improved sales and inventory replenishment, although gross margin levels still need improvement [7]. - The company is advancing its new generation FPGA products, with several models in small batch production and market rollout progressing steadily [8]. Summary by Sections Company Overview - Latest closing price: 50.15 yuan - Total shares: 8.21 billion, circulating shares: 5.37 billion - Total market capitalization: 41.2 billion yuan, circulating market capitalization: 26.9 billion yuan - 52-week high/low: 53.35/23.68 yuan - Debt-to-asset ratio: 27.6% - Price-to-earnings ratio: 71.64 [4]. Financial Performance - Revenue for 2024: 3.59 billion yuan, with a growth rate of 1.53% - Net profit for 2024: 573 million yuan, with a decline of 20.42% - Expected revenues for 2025, 2026, and 2027 are projected to be 4.05 billion, 4.77 billion, and 5.57 billion yuan respectively, with net profits of 800 million, 995 million, and 1.18 billion yuan [6][9][11]. Profitability Metrics - Gross margin for 2024 is reported at 55.95% - Earnings per share (EPS) for 2024 is 0.70 yuan, with projections of 0.97, 1.21, and 1.44 yuan for the following years [11][13].

Core Insights - The Shanghai Stock Exchange Sci-Tech Innovation Board Artificial Intelligence Index (950180) has shown a positive performance, with a 0.97% increase as of April 11, 2025, and notable gains in constituent stocks such as Chipsea Technology (688595) up 8.19% and Lanqi Technology (688008) up 5.29% [3][4]. Performance Summary - The Sci-Tech AI ETF (588790) has experienced a 0.91% increase, marking its fourth consecutive rise, with a latest price of 0.55 yuan. Over the past three months, the ETF has accumulated a 7.70% increase, ranking 2nd among comparable funds [3][4]. - The ETF's liquidity is strong, with an intra-day turnover of 4.12% and a total transaction volume of 1.08 billion yuan. The average daily transaction volume over the past week is 3.94 billion yuan, leading among comparable funds [3][4]. - In terms of scale, the ETF has seen a significant growth of 26.96 million yuan over the past two weeks, ranking 1st among comparable funds. Additionally, the ETF's share count increased by 36 million shares in the past week, also ranking 1st [3][4]. Return and Risk Metrics - Since its inception, the Sci-Tech AI ETF has achieved a highest monthly return of 15.59%, with an average monthly return of 15.59% and a monthly profit probability of 69.57%. The probability of making a profit over a three-month holding period is 87.50% [4]. - The ETF has a relative drawdown of 0.36% compared to its benchmark since inception, indicating a relatively stable performance [4]. Fee Structure and Tracking Accuracy - The management fee for the Sci-Tech AI ETF is 0.50%, and the custody fee is 0.10%, which are among the lowest in its category [4]. - The ETF has demonstrated high tracking accuracy, with a tracking error of 0.010% over the past month, the best among comparable funds [4]. Top Holdings - As of March 31, 2025, the top ten weighted stocks in the Sci-Tech AI Index account for 70.57% of the index, including Lanqi Technology (688008) and Chipsea Technology (688521) [5][7]. Industry Insights - The semiconductor and AI sectors are expected to accelerate their domestic production processes due to ongoing global trade tensions. Key areas of focus include advancements in semiconductor technology and the growth of domestic AI models [7].

流动性方面，科创信息技术ETF摩根盘中换手2.38%，成交838.23万元。拉长时间看，截至4月8日，科 创信息技术ETF摩根近1月日均成交2898.06万元，居可比基金第一。 东吴证券表示，美国关税靴子超预期落地，经济衰退预期升温，全球市场开启高波动状态。我们认为本 轮面对美国的关税冲击，中国已经具有强大的抗压能力，当前位置机会大于风险，继续坚定不移、旗帜 鲜明地看多中国资产。 2025年4月9日，科创信息技术ETF摩根(588770)一度涨超6%，截至10:06，该基金跟踪指数上证科创板 新一代信息技术指数(000682)强势上涨4.76%，成分股复旦微电(688385)上涨10.16%，龙芯中科(688047) 上涨9.98%，纳芯微(688052)上涨9.42%，寒武纪(688256)，华海清科(688120)等个股跟涨。 伴随AI驱动新一轮科技浪潮的兴起，摩根资产管理整合旗下"全球视野投科技"产品线，从主动管理到被 动投资产品，助力投资者从全球视野布局优质科技企业，把握时代浪潮下的投资机遇。 主动管理方面，摩根新兴动力基金（A类：377240 C类：014642）从长期视角争取把握新兴产业趋势； 摩 ...