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) 董事會會議通告 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 3 月 25 日舉行會議，藉以考慮及批准本公司及其附屬公司截至 2024 年 12 月 31 日止年度之全年業績公佈之刊發及末期股息（如有）之建議，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 3 月 11 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 執行董事為莊啟飛先生、張睿女士、宋加勒先生及閆娜女士；獨 ...

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) 內幕消息 截至2024年12月31日止年度初步業績公告 本公告乃上海復旦微電子集團股份有限公司（「本公司」，連同其附屬公司統稱「本集團」） 董事會（「董事會」）根據香港聯合交易所有限公司主板證券上市規則（「上市規則」）第 13.09 條及香港法例第 571 章證券及期貨條例第 XIVA 部項下內幕消息條文（定義見上 市規則）而作出。 I. 截至 2024 年 12 月 31 日止年度（「2024 年度」）主要財務數據和指標 | | | | 人民幣萬元 | | --- | --- | --- | --- | | 項目 | 2024 年度 | 上年同期 | ...

Financial Performance - Total revenue for 2024 reached approximately RMB 358.95 million, a year-on-year increase of 1.51%[8] - Net profit attributable to shareholders of the parent company was approximately RMB 57.25 million, a decrease of 20.43% compared to the previous year[8] - Basic earnings per share were RMB 0.70, down 20.45% from RMB 0.88 in the previous year[6] - The company's gross profit margin decreased by 5.26 percentage points, leading to a gross profit decline of approximately RMB 156.22 million[8] - The weighted average return on net assets decreased by 4.41 percentage points to 10.27%[6] Assets and Equity - The company's total assets as of December 31, 2024, were approximately RMB 904.09 million, reflecting a growth of 7.48% from the beginning of the year[8] - The equity attributable to shareholders of the parent company increased to approximately RMB 589.40 million, up 11.15% from the start of the year[8] - The net asset per share attributable to shareholders of the parent company increased to RMB 7.18, a rise of 10.90% from the beginning of the year[6] Research and Development - Research and development expenses for the year amounted to approximately RMB 103.07 million, an increase of about RMB 2.01 million compared to the previous year[9] Impairment Losses - The company faced increased impairment losses due to higher accounts receivable and inventory valuation declines, with credit impairment losses rising by approximately RMB 3.20 million and asset impairment losses by approximately RMB 3.52 million[9]

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Insights - The company's profitability is under short-term pressure due to intense competition in the existing market, with a revenue decline of 1.99% year-on-year for the first three quarters of 2024, totaling 2.684 billion yuan, and a net profit drop of 34.29% to 427 million yuan [5] - The company is advancing its next-generation FPGA products, which have completed sample testing and are in small-batch sales to select customers, while also working on yield improvement [6] - The storage product lines have seen significant sales growth in the first half of 2024, benefiting from industry changes and stable pricing, with a comprehensive product architecture that meets various customer needs [7] - Revenue forecasts for 2024-2026 are projected at 37.66 billion yuan, 43.78 billion yuan, and 49.96 billion yuan respectively, with corresponding EPS of 0.78 yuan, 1.03 yuan, and 1.30 yuan, indicating a strong growth trajectory [8] Summary by Sections Market Performance - The company faces fierce competition in the existing market, leading to a decrease in profitability [5] Product Development - The company has a comprehensive FPGA product line with advanced technology and is progressing with next-generation products [6] - The storage product lines have shown significant growth due to market recovery and stable pricing [7] Financial Forecast - The company is expected to achieve revenues of 37.66 billion yuan in 2024, with a growth rate of 6.5%, and further growth in subsequent years [8]

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The company's profitability is under short-term pressure due to intense competition in the existing market, leading to a slight decline in revenue and a significant drop in net profit [5][8] - The company is making steady progress with its next-generation FPGA products, which have completed sample testing and are being sold in small batches to select customers [6] - The storage product line has seen significant sales growth in the first half of 2024, benefiting from industry changes and stable pricing [7] Summary by Sections Financial Performance - In the first three quarters of 2024, the company achieved revenue of 2.684 billion yuan, a year-on-year decrease of 1.99%, and a net profit of 427 million yuan, down 34.29% [5] - The third quarter revenue was 890 million yuan, reflecting a year-on-year decline of 5.55% [5] Product Development - The company has a comprehensive FPGA product line with advanced technology, including million, billion, and ten billion gate FPGA products, as well as PSoC products [6] - The new generation of FPGA products is being developed using advanced 1xnm FinFET processes, with ongoing yield improvement efforts [6] Storage Product Line - The company has established a complete niche non-volatile memory product architecture, including EEPROM, NOR Flash, and NAND Flash [7] - Sales of storage products have significantly increased in the first half of 2024, with prices stabilizing after a period of decline [7] Earnings Forecast - Revenue projections for 2024, 2025, and 2026 are 3.766 billion yuan, 4.378 billion yuan, and 4.996 billion yuan, respectively, with corresponding EPS of 0.78 yuan, 1.03 yuan, and 1.30 yuan [8] - The current stock price corresponds to PE ratios of 51, 39, and 30 for the years 2024, 2025, and 2026 [8]

Investment Rating - The investment rating for the company is "Buy" (maintained) with a target price of 47.32 CNY [1][6]. Core Views - The report highlights the company's comprehensive FPGA business layout and the construction of a diversified product matrix, indicating strong growth potential in the FPGA sector and other product lines [10][11]. Financial Performance Summary - The company's projected net profit attributable to shareholders for 2024-2026 is 531 million, 747 million, and 946 million CNY respectively, with a downward adjustment from previous forecasts due to lower revenue and gross margin expectations [6][11]. - Revenue for 2022 was 3,539 million CNY, with a slight decline to 3,536 million CNY in 2023, followed by expected growth to 3,717 million CNY in 2024 and 4,386 million CNY in 2025 [8][14]. - The gross margin is projected to decrease from 64.7% in 2022 to 54.2% in 2024, before recovering to 60.8% by 2026 [8][14]. - The net profit margin is expected to decline from 30.4% in 2022 to 14.3% in 2024, then recover to 19.0% by 2026 [8][14]. Product and Market Development - The company is expanding its product offerings in various sectors, including smart card chips, NFC chips, and RFID solutions, with significant market share in non-contact logic encryption chips exceeding 60% and around 20% in financial IC card chips [10][11]. - The company is actively pursuing advancements in its MCU products, achieving leading market share in domestic smart single-phase meter markets and progressing in automotive-grade products [10][11].

Group 1: Business Performance - In the first three quarters of 2024, the security and identification business achieved a revenue of 576 million CNY [1] - The demand for smart card applications, including financial cards and social security cards, remains stable, with market growth primarily dependent on card replacement cycles [1] - The company has strong technical capabilities and competitive strength in SE chip technology [1] Group 2: Storage Products - The company's storage products include EEPROM, NOR FLASH, and NAND FLASH, benefiting from technological accumulation and market cultivation [1] - Applications of niche storage products are widespread, including household appliances, computer monitors, optical modules, automotive electronics, and security monitoring [1] Group 3: FPGA Product Development - The company is actively launching next-generation process products and continuously enriching intelligent reconfigurable SoC products [1] - Several projects have been introduced in the non-high-reliability market and are currently in progress [1]

| A 股证券代码：688385 | 证券简称：复旦微电 | 公告编号：2024-072 | | --- | --- | --- | | 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 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 2,366,900 股。 关于 2021 年限制性股票激励计划首次授予部分第三个归属期 本次股票上市流通总数为 2,366,900 股。 本次股票上市流通日期为 2024 年 12 月 24 日。 上海复旦微电子集团股份有限公司（以下简称"公司"）收到中国证券登记结 算有限责任公司上海分公司于 2024 年 12 月 18 日出具的《证券变更登记证明》， 公司完成了 2021 年科创板限制性股票激励计划（以下简称"本次激励计划"）首 次授予部分第三个归属期、预留授予部分第二个归属期的股份登记工作。现将有 关情况公告如下： 一、本次限制性股票归属的决策程序及相关信息披露 （1）2021 年 9 月 23 日，公司召开第八届董事会第二十六次会议及第八届监 事会第十次会议，审议通过了《关于公司<2021 年限制性股票激励计划（草 ...

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。 中國，上海，2024 年 12 月 19 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 執行董事為莊啟飛先生、張睿女士、宋加勒先生及閆娜女士；獨立非執行董事為曹鍾勇 先生、蔡敏勇先生、王頻先生及鄒甫文女士。 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《關於 2021 年限制性股票激勵計畫首次授 予部分第三個歸屬期及預留授予部分第二個歸屬期歸屬結果暨股票上市公告》，僅供參 閱。 承董事 ...

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《關於投資產業基金暨關聯交易的進展公 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 主席 蔣國興 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。 一、投资基金概述： 上海复旦微电子集团股份有限公司（以下简称"公司"、"复旦微电"） 第 八届董事会第二十五次会议及第八届监事会第九 ...