Shanghai Fudan Microelectronics Group Company (1385) Q4 2025 earnings summary

Executive summary

• Achieved revenue of RMB3,982 million in 2025, up 10.92% year-over-year, with a comprehensive gross profit margin of 56.19%.

• Net profit attributable to shareholders was RMB232 million, down 59.42% year-over-year, mainly due to increased R&D expenses and asset impairment losses.

• Maintained strong market positions in high-reliability FPGA, smart meter chips, and security and identification chips.

• Significant R&D investment of RMB1,070 million, representing 26.88% of revenue.

• Proposed a cash dividend of RMB0.58 per 10 shares, totaling RMB47.78 million.

Financial highlights

• Revenue: RMB3,982 million (+10.92% YoY).

• Net profit attributable to shareholders: RMB232 million (-59.42% YoY).

• Gross profit margin: 56.19%.

• R&D expenses: RMB1,223 million (+18.64% YoY).

• Asset impairment losses: RMB439 million, up RMB271 million YoY.

• Basic and diluted EPS: RMB0.28 (2024: RMB0.70).

Outlook and guidance

• Focus on integrated circuit design, platform-based operations, and innovation.

• Targeting high-end general-purpose and specialized application-specific chip sectors.

• Continued strategic R&D investment and supply chain resilience.

• Aims for sustained, rapid, and high-quality development in 2026.