Fudan Microelectronics' Q3 Profit Slides 61%; Shanghai Shares Fall 4%

MT Newswires Live

2024/11/01

Shanghai Fudan Microelectronics' (HKG:1385, SHA:688385) attributable profit fell 61% year over year to 79.1 million yuan in the third quarter, according to a Wednesday filing with the Hong Kong Exchange.

Earnings per share at the integrated circuits and microelectronics developer decreased 58% year over year to 0.10 yuan.

Operating income declined 5.6% year over year to 889.6 million yuan.

Shares fell 4% in Shanghai and 3% in Hong Kong during Friday's trading.

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