Stock Track | Shanghai Fudan Microelectronics Plunges on 61% Q3 Profit Slump

Stock Track11-01

Shares of Shanghai Fudan Microelectronics Group Co., Ltd. tumbled around 5% on Thursday, November 1st, after the semiconductor company reported a steep decline in its third-quarter earnings.

According to a filing with the Hong Kong Stock Exchange, Shanghai Fudan's attributable profit plunged 61% year-over-year to 79.1 million yuan ($11.1 million) in Q3. Earnings per share fell 58% from a year earlier to 0.10 yuan.

The disappointing results sent the company's share price down around 4% on the Shanghai Stock Exchange and 3% in Hong Kong trading. Operating income also slipped 5.6% compared to the same period last year, coming in at 889.6 million yuan.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1156467400?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-01 13:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1156467400","market":"hk","top_or_hot":-1,"title":"Stock Track | Shanghai Fudan Microelectronics Plunges on 61% Q3 Profit Slump","media":"Stock Track","content":"<p>Shares of Shanghai Fudan Microelectronics Group Co., Ltd. tumbled around 5% on Thursday, November 1st, after the semiconductor company reported a steep decline in its third-quarter earnings.</p>\n\n<p>According to a filing with the Hong Kong Stock Exchange, Shanghai Fudan's attributable profit plunged 61% year-over-year to 79.1 million yuan ($11.1 million) in Q3. Earnings per share fell 58% from a year earlier to 0.10 yuan.</p>\n\n<p>The disappointing results sent the company's share price down around 4% on the Shanghai Stock Exchange and 3% in Hong Kong trading. Operating income also slipped 5.6% compared to the same period last year, coming in at 889.6 million yuan.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Shanghai Fudan Microelectronics Plunges on 61% Q3 Profit Slump</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Shanghai Fudan Microelectronics Plunges on 61% Q3 Profit Slump\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-01 13:46 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Shanghai Fudan Microelectronics Group Co., Ltd. tumbled around 5% on Thursday, November 1st, after the semiconductor company reported a steep decline in its third-quarter earnings.\nAccording...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01385","symbol_name":"上海复旦","start_time":0,"source_url":"","article_id":"1156467400","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1156467400","pubTimestamp":1730440018,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Shanghai Fudan Microelectronics Group Co., Ltd. tumbled around 5% on Thursday, November 1st, after the semiconductor company reported a steep decline in its third-quarter earnings.According to a filing with the Hong Kong Stock Exchange, Shanghai Fudan's attributable profit plunged 61% year-over-year to 79.1 million yuan  in Q3. Earnings per share fell 58% from a year earlier to 0.10 yuan.The disappointing results sent the company's share price down around 4% on the Shanghai Stock Excha","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01385":"上海复旦"},"translate_title":"股票赛道上海复旦微电子第三季度利润暴跌61%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01385":1},"content_text":"Shares of Shanghai Fudan Microelectronics Group Co., Ltd. tumbled around 5% on Thursday, November 1st, after the semiconductor company reported a steep decline in its third-quarter earnings.\nAccording to a filing with the Hong Kong Stock Exchange, Shanghai Fudan's attributable profit plunged 61% year-over-year to 79.1 million yuan ($11.1 million) in Q3. Earnings per share fell 58% from a year earlier to 0.10 yuan.\nThe disappointing results sent the company's share price down around 4% on the Shanghai Stock Exchange and 3% in Hong Kong trading. Operating income also slipped 5.6% compared to the same period last year, coming in at 889.6 million yuan.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1156467400"}