Shanghai Fudan Microelectronics Group Company Limited logo

Shanghai Fudan Microelectronics Group Company Limited

1385.HK

HKSETechnologySemiconductors

Latest quote

HK$25.14

−HK$1.66 · -6.19%

Aug 24, 3:15 PM HKT

1385.HK company overview

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Company profile

Company website

Shanghai Fudan Microelectronics Group Company Limited, founded in 1998 and headquartered in Shanghai, People's Republic of China, specializes in the design, development, and global distribution of integrated circuit products, alongside offering related testing services. Its extensive portfolio includes a wide array of security and identification solutions, such as contact and contactless memory ICs, HF RFID and NFC tag ICs, NFC channel ICs, various CPU and dual-interface card chips, secure encryption chips, and HF reader chips, complemented by sensors. The company also provides application-specific integrated circuits (ASICs) for smart meters, ultra-low-power general-purpose microcontrollers (MCUs), and ePLC solutions. Furthermore, it supplies non-volatile memory products, including EEPROM, SPI NOR flash, SPI and parallel NAND flash, and ASNVM, in addition to specific analog circuits. Beyond chip manufacturing, Shanghai Fudan Microelectronics Group supports key applications like bank cards, smart meters, social security cards, and smart transportation cards, along with offering card issuance and validation services. Comprehensive chip testing services and products complete its offerings.

Industry
Semiconductors
Sector
Technology
Headquarters
CN
CEO
Lei Shi
Listed since
Aug 4, 2000
Employees
1,958

Market position

Day range

Current HK$25.14

52-week range

Current HK$25.14

Open
HK$26.50
Previous close
HK$26.80
Volume
3.56M
0.6× average
Average volume
5.89M
Average daily volume
Market cap
29.64B HKD
Beta
0.24
Market reference 1
50-day average
HK$27.4876
-8.54% below average
200-day average
HK$39.0756
-35.66% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
34B CNY
P/E (TTM)
49.09×
P/B (TTM)
6.2×
P/S (TTM)
9.9×
EV / EBITDA
65.04×
Earnings yield
0.69%
Free cash flow yield
1.51%
Dividend yield
0.11%

Profitability & efficiency

Gross margin
57.00%
Operating margin
8.00%
Net margin
20.32%
Return on equity
3.79%
Return on assets
2.52%
Return on invested capital
2.43%

Financial health

Debt / equity
0.19×
Current ratio
4.02×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends71%47%23%-1%Gross margin, FY2021: 57.14%Gross margin, FY2022: 64.67%Gross margin, FY2023: 57.64%Gross margin, FY2024: 51.07%Gross margin, FY2025: 45.56%Operating margin, FY2021: 22.25%Operating margin, FY2022: 31.69%Operating margin, FY2023: 21.25%Operating margin, FY2024: 15.57%Operating margin, FY2025: 5.12%Net margin, FY2021: 19.96%Net margin, FY2022: 30.43%Net margin, FY2023: 20.35%Net margin, FY2024: 15.95%Net margin, FY2025: 5.83%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 57.14%. Gross margin FY2022 64.67%. Gross margin FY2023 57.64%. Gross margin FY2024 51.07%. Gross margin FY2025 45.56%. Operating margin FY2021 22.25%. Operating margin FY2022 31.69%. Operating margin FY2023 21.25%. Operating margin FY2024 15.57%. Operating margin FY2025 5.12%. Net margin FY2021 19.96%. Net margin FY2022 30.43%. Net margin FY2023 20.35%. Net margin FY2024 15.95%. Net margin FY2025 5.83%.

Income trends

Revenue

3.98B CNY+10.92%

Operating income

204.02M CNY-63.50%

Net income

232.34M CNY-59.42%
Income trends across reported periods4.36B CNY2.85B CNY1.34B CNY−173.81M CNYRevenue, FY2021: 2.58B CNYRevenue, FY2022: 3.54B CNYRevenue, FY2023: 3.54B CNYRevenue, FY2024: 3.59B CNYRevenue, FY2025: 3.98B CNYOperating income, FY2021: 573.36M CNYOperating income, FY2022: 1.12B CNYOperating income, FY2023: 751.42M CNYOperating income, FY2024: 558.94M CNYOperating income, FY2025: 204.02M CNYNet income, FY2021: 514.47M CNYNet income, FY2022: 1.08B CNYNet income, FY2023: 719.49M CNYNet income, FY2024: 572.6M CNYNet income, FY2025: 232.34M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.58B CNY. Revenue FY2022 3.54B CNY. Revenue FY2023 3.54B CNY. Revenue FY2024 3.59B CNY. Revenue FY2025 3.98B CNY. Operating income FY2021 573.36M CNY. Operating income FY2022 1.12B CNY. Operating income FY2023 751.42M CNY. Operating income FY2024 558.94M CNY. Operating income FY2025 204.02M CNY. Net income FY2021 514.47M CNY. Net income FY2022 1.08B CNY. Net income FY2023 719.49M CNY. Net income FY2024 572.6M CNY. Net income FY2025 232.34M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue3.98B CNY3.59B CNY3.54B CNY3.54B CNY2.58B CNY
Cost of goods sold2.17B CNY1.76B CNY1.5B CNY1.25B CNY1.1B CNY
Gross profit1.81B CNY1.83B CNY2.04B CNY2.29B CNY1.47B CNY
Research and development1.22B CNY1.03B CNY1.01B CNY735.42M CNY691.64M CNY
Selling, general, and administrative90.12M CNY83.84M CNY108.75M CNY80.88M CNY202.2M CNY
Operating expenses1.61B CNY1.27B CNY1.29B CNY1.17B CNY899.25M CNY
Interest income19.27M CNY16.8M CNY15.29M CNY14.81M CNY8.43M CNY
Interest expense37.28M CNY42.71M CNY27.99M CNY4.35M CNY4.53M CNY
Depreciation and amortization384.83M CNY190.52M CNY243.22M CNY178.64M CNY213.19M CNY
Operating income204.02M CNY558.94M CNY751.42M CNY1.12B CNY573.36M CNY
Net income232.34M CNY572.6M CNY719.49M CNY1.08B CNY514.47M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.98

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates1.070.640.2-0.23Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 30, 2024: actual 0.109, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 26, 2025: actual 0.192, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 28, 2025: actual 0.181, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 27, 2025: actual 0.071, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 28, 2025: actual 0.175, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 14, 2026: actual -0.145, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 29, 2026: actual 0.205, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 17, 2026: actual 0.982, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.47B1.28B1.08B891MQ1 '25No estimateQ2 '25No estimateQ3 '25No estimateQ4 '25No estimateQ1 '26BeatQ2 '26BeatQ3 '26MetQ4 '26Estimate
Q1 2025, reported Feb 26, 2025: actual 964.42M HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 28, 2025: actual 947.54M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 27, 2025: actual 950.9M HKD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 28, 2025: actual 1.3B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 14, 2026: actual 1.07B HKD, estimate 1.05B HKD, surprise +1.66%, Beat. Q2 2026, reported Apr 29, 2026: actual 1.17B HKD, estimate 1.16B HKD, surprise +0.73%, Beat. Q3 2026, reported Aug 17, 2026: actual 1.37B HKD, estimate 1.37B HKD, surprise 0.00%, Met estimate. Q4 2026, reported Nov 3, 2026: actual —, estimate 1.41B HKD, surprise —, Comparison unavailable.

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