On July 9, Shanghai Fudan Microelectronics fell 5.14% in regular trading, trading at HKD 30.64 per share, with turnover of HKD 138 million. The decline follows a sharp rally of over 10% in the prior session triggered by the company's profit alert.

The company announced on July 7 that it expects H1 attributable net profit of RMB 800 million to RMB 1 billion, representing year-over-year growth of 313% to 416%. However, approximately RMB 4.7 billion in fair value gains from its strategic stake in Shenghejingwei Semiconductor accounted for a significant portion. Excluding non-recurring items, core net profit is estimated at RMB 3.5 billion to RMB 4.5 billion, implying more moderate organic growth of 92% to 147%. Revenue is expected at RMB 2.2 billion to RMB 2.4 billion, up 20% to 31% year-over-year.

After the outsized prior-session gain, profit-taking pressure intensified as investors reassessed earnings quality, with the market discounting the non-recurring investment gains and focusing on the relatively tempered core business trajectory.

(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.)