Shanghai Fudan Microelectronics Group Company Limited reported unaudited results for the three months ended 31 March 2026, showing solid top-line expansion, improved profitability and a sharp rebound in operating cash flow.

Revenue and Earnings • Revenue reached RMB 1.03 billion, up 16.23% year on year, supported by broad-based demand recovery across product lines. • Net profit attributable to shareholders rose 8.91% to RMB 148.31 million; after excluding non-recurring items, net profit climbed 8.31% to RMB 144.02 million. • Basic and diluted EPS both increased to RMB 0.18 (RMB 0.17 a year earlier). • Gross profit advanced by approximately RMB 54.25 million, partially offset by a RMB 63.06 million rise in R&D expenses. • Weighted average ROE improved 0.11 ppt to 2.39%.

Product-Line Performance • Security & Identification ICs: RMB 236 million (+16.34%). • Non-volatile Memory: RMB 293 million (+23.39%). • Smart Meter Chips: RMB 123 million (+19.61%). • FPGA and Other Products: RMB 347 million (+10.67%). • Testing Services: RMB 33 million (+5.73%).

Cost and Investment Highlights • R&D expenditure stood at RMB 316.33 million, up 18.41% and equal to 30.65% of revenue, reflecting continued product-development focus. • Asset-impairment losses fell by RMB 21.27 million, aided by inventory impairment reversals on FPGA and higher non-volatile memory pricing.

Cash Flow and Balance Sheet • Net cash from operating activities swung to an inflow of RMB 249.66 million from an outflow of RMB 26.59 million in the prior-year period, driven by stronger cash collections and lower purchase payments. • Capital expenditures and investment cash outflows totaled RMB 431.21 million, resulting in a net investment cash outflow of RMB 80.23 million. • Total assets were RMB 9.18 billion, down 0.29% versus end-2025, while equity attributable to shareholders increased 2.41% to RMB 6.28 billion. Cash on hand was RMB 1.33 billion at quarter-end.

Capital Structure and Shareholding • Total liabilities declined by 6.79% quarter on quarter to RMB 2.28 billion; short-term and long-term borrowings decreased by a combined RMB 113.13 million. • HKSCC Nominees Limited remained the largest shareholder with a 34.51% stake, followed by Shanghai Fuxin Fangao IC Technology (12.96%) and Shanghai Fudan Fukong Technology Enterprise Holdings (12.35%). • The company had 24,723 A-share and H-share holders as of 31 March 2026.

Outlook Indicators While management commentary was not provided, the strong rebound in revenue, disciplined cost control outside of strategic R&D spending and a return to positive operating cash flow position SHANGHAI FUDAN for continued operational resilience amid improving semiconductor market conditions.