Shanghai Fudan Microelectronics Group Company (1385) Q3 2025 earnings summary

Executive summary

• Revenue for January–September 2025 rose 12.7% year-over-year to RMB3,024 million, while net profit attributable to shareholders fell 22.69% to RMB330 million due to increased provisions and lower non-recurring income.

• Q3 2025 revenue increased 33.28% year-over-year to RMB1,186 million, with net profit attributable to shareholders up 72.69% to RMB137 million, driven by strong sales in non-volatile memory and FPGA chips.

Financial highlights

• Gross profit margin improved to 58.47% for January–September 2025 (from 55.05% a year earlier); Q3 margin rose to 61.06% (from 52.15%).

• Net cash flows from operating activities surged 263.3% year-over-year to RMB419 million for the nine-month period.

• Basic and diluted EPS for the nine months were RMB0.40, down 23.08% year-over-year.

Outlook and guidance

• Product mix optimization and expansion into new product lines supported revenue growth and market share gains, but ongoing competitive pressures and supply chain changes present challenges.