On July 8, Shanghai Fudan rose 6.91% in regular trading, trading at 33.36 HKD/share, with turnover of approximately 23.57 million HKD. The rally was triggered by the company's profit alert issued on the prior evening.
Shanghai Fudan announced that for the first half ending June 30, it expects revenue of approximately RMB 22 billion to 24 billion, representing a year-over-year increase of 19.64% to 30.52%. Net profit attributable to parent shareholders is projected at RMB 8 billion to 10 billion, a dramatic year-over-year surge of 313.19% to 416.49%. The company noted that fair value gains of approximately RMB 4.7 billion from its strategic stake in Shenghejingwei Semiconductor contributed significantly to the bottom line. After stripping out non-recurring items, net profit is estimated at RMB 3.5 billion to 4.5 billion, still reflecting robust organic growth of 91.98% to 146.83% year-over-year, underscoring strong momentum in its core integrated circuit business.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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