Zhi Tong Cai Jing·2026-02-13 10:53Core Viewpoint - Fudan Microelectronics (688385.SH) reported a total operating revenue of 3.982 billion yuan for the year 2025, representing a year-on-year increase of 10.92%, while the net profit attributable to the parent company was 232 million yuan, reflecting a significant year-on-year decline of 59.42% [1][1]. Group 1: Financial Performance - The company achieved total operating revenue of 3.982 billion yuan in 2025, marking a 10.92% increase compared to the previous year [1]. - The net profit attributable to the parent company was 232 million yuan, which is a decrease of 59.42% year-on-year [1]. - The overall gross profit increased by approximately 229 million yuan compared to the same period last year, with the gross margin remaining stable [1]. Group 2: Industry Insights - The semiconductor industry experienced notable structural differentiation in 2025, with significant variations in downstream application demand [1]. - FPGA products showed strong performance in various fields such as wired and wireless communication, satellite communication, industrial control, artificial intelligence, and high-reliability applications, contributing to revenue growth [1]. - The market performance of security and identification chips varied across subcategories, with overall revenue experiencing slight growth driven by RFID and sensor chips [1]. - The non-volatile memory market faced intense competition, leading to a decline in annual revenue [1]. - MCU chips saw rapid growth in shipments in the automotive and white goods markets due to favorable market positioning and stable product quality [1].