Summary by Moomoo AI
Shanghai Fudan Microelectronics Group Co., Ltd. (Shanghai Fudan) has announced its unaudited financial report for the first quarter of 2024. The report showed that the company and its subsidiaries achieved an operating income of approximately RMB893 billion in the first quarter of 2024, an increase of 10.30% year-on-year; however, net profit attributable to shareholders of listed companies was approximately RMB1.61 billion, down 14.35% year-on-year. NET PROFIT AFTER NON-RECURRING LOSSES WAS APPROXIMATELY RMB1.55 MILLION, DOWN 13.93% YEAR-ON-YEAR. R&D investment totaled approximately RMB2.88 billion, a slight increase of 0.46%, and R&D investment accounted for 32.28% of operating income, a decrease of 3.17 percentage points from the same period last year. The total assets of the company were RMB8.50 million, an increase of 1.01% year-on-year, and the shareholders' equity of the listed company amounted to approximately RMB5.48 million, an increase of 3.32%. THE COMPANY ALSO REMINDED INVESTORS THAT IT IS ADVANCING THE DECLARATION ISSUANCE OF CONVERTIBLE BONDS, BUT THERE IS STILL UNCERTAINTY ABOUT THIS.