According to reports, Shanghai Fudan (01385) rose over 8% after issuing a profit alert. As of press time, it was up 8.01% at HK$23.72, with turnover of HK$10.2828 million.
On the news front, on October 15, Shanghai Fudan issued an announcement stating that the group expects to achieve revenue of approximately RMB 3.45 billion to RMB 3.65 billion for the first nine months of 2026, a year-on-year increase of approximately 14.07% to 20.68%. It expects net profit attributable to owners of the parent company of approximately RMB 950 million to RMB 1.15 billion, a year-on-year increase of approximately 187.63% to 248.18%. It also expects net profit attributable to owners of the parent company after deducting non-recurring gains and losses of approximately RMB 700 million to RMB 850 million, a year-on-year increase of approximately 130.97% to 180.47%.
The announcement stated that the main reasons for the expected increase in revenue and net profit are: during the reporting period, the company adhered to technological innovation and product iteration, continuously expanded the boundaries of product applications, drove revenue growth, and promoted product structure optimization. Combined with the recovery of industry sentiment and growth in downstream customer demand, the company's revenue across all product lines and overall gross margin both achieved growth. The company strengthened refined inventory management and dynamically optimized stocking arrangements. During the reporting period, inventory write-down losses decreased significantly compared with the same period last year. The company recognized increased fair value change gains through strategic placement of shares in Shenghe Jingwei Semiconductor Co., Ltd., which increased non-recurring gains and losses for the reporting period.
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