SHANGHAI FUDAN (01385) Surges Over 5% in Late Trading, Driven by 25.44% YoY R&D Spending Increase in Q1 to Advance High-Reliability FPGA Product Iteration

Stock News05-11

SHANGHAI FUDAN (01385) rose over 5% in late trading. At the time of writing, the stock was up 5.37% to HKD 44.76, with a turnover of HKD 295 million.

Recently, SHANGHAI FUDAN released an announcement. For the first quarter of 2026 (January to March), the group achieved operating revenue of approximately RMB 1.032 billion, representing a year-on-year increase of about 16.23%. Net profit attributable to shareholders of the listed company was approximately RMB 148 million, a year-on-year increase of about 8.91%. Net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, was approximately RMB 144 million, a year-on-year increase of about 8.31%.

Everbright Securities noted that the company's R&D expenses for Q1 2026 increased by RMB 63.0586 million year-on-year, a rise of 25.44%, primarily due to the company's ongoing efforts to advance product iteration and expand its product portfolio. Everbright Securities further indicated that for Q1 2026, SHANGHAI FUDAN's revenue from FPGA and other products reached approximately RMB 347 million, a year-on-year increase of 10.67%.

The company's current product portfolio includes various types such as FPGA, RF-FPGA, PSoC, RFSoC, and FPAI. It is advancing the development of high-end FPGA products based on 1x nm FinFET advanced process technology and 2.5D advanced packaging technology. The company has completed the development of a portfolio of products with logic resources ranging from 50K to 4000K and computing power ranging from 4 TOPS to 128 TOPS.

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