SHANGHAI FUDAN

Shanghai Fudan opened at HK$24.20 in the morning session and closed at HK$24.16 after a single trade, surging 7.3% from the previous close of HK$22.52, yet turnover was a mere 685,000 shares (HK$16.6 million), indicating limited follow-through buying. The company previously guided a 3.13-4.16x surge in interim net profit for 2026, driven by chip demand recovery, with Q1 revenue up 23.04% YoY to HK$1.17 billion and net profit up 15.29% YoY to HK$168 million, forming the core catalyst for the rally. However, the stock remains 57.61% below its 52-week high of HK$57 and down 48.86% year-to-date, while trading well below its 20-day (HK$27.294) and 60-day (HK$31.295) moving averages, leaving the technical picture fragile.

Shanghai Fudan Microelectronics opened lower and continued its decline during the morning session, hitting a 52-week low of HK$23.62, down approximately 5.1% from the previous close of HK$24.88, amid broader sector weakness. The company's interim profit forecast surged 3.13-4.16 times year-on-year, with Q1 2026 revenue up 23.04% to HK$1.17 billion and EPS of HK$0.2041, a 12.09% YoY increase, indicating strong fundamentals. However, the stock has fallen about 50% year-to-date, 58.56% below its 52-week high of HK$57, and trades well below its 20-day (HK$28.37) and 60-day (HK$32.16) moving averages, suggesting market skepticism about profit recovery sustainability amid a high P/E ratio of 70.27x. While Q1 net profit grew 15.29% YoY to HK$168 million, and net margin improved to 14.37%, the stock's price action still reflects cautious sentiment.

1385.HK opened higher and rallied strongly after dipping to an intraday low of 24.560 HKD, closing at 27.420 HKD, up 8.98% from the previous close of 25.160 HKD, with a daily range of 11.7%. The company's Q1 2026 earnings showed revenue grew 23.04% YoY to 1.170 billion HKD and net profit rose 15.29% YoY to 168.14 million HKD, with net margin recovering to 14.37%, reversing the 109 million HKD loss in Q4 2025 and boosting sentiment. However, the current price of 27.42 HKD remains well below its 52-week high of 57 HKD, beneath both MA20 (29.152 HKD) and MA60 (33.683 HKD), and down 41.96% YTD, indicating lingering valuation overhang.

Shanghai Fudan Microelectronics opened lower and extended losses in the morning session, plunging up to 8% intraday before closing at HKD 26.600, down 5.34%, fully reversing the 10% rally sparked by its interim profit alert the day before. The company had forecasted a 3.13-4.16x YoY jump in 1H net profit, with Q1 2026 revenue growing 23.04% YoY to HKD 1.17 billion, but Q4 2025 posted a net loss of HKD 108.9 million, dragging down full-year profitability. The sharp sell-off reflects profit-taking after the positive catalyst, while the stock remains below both MA20 and MA60, with significant distance from 52-week highs and lows, indicating a weak consolidation phase. However, ROE rebounded to 9.55% in Q1 2026 and PB stands at 3.08x, suggesting some valuation recovery.

Shanghai Fudan Microelectronics experienced an intraday spike and retreat, rising to an intraday high of 29.42 HKD before closing at 28.10 HKD, a slight gain of 0.36% from the previous close of 28.00 HKD, far below the approximate 10% jump following its profit alert. The company had forecast a 3.13-4.16x surge in interim net profit, with Q1 revenue up 23.04% YoY to 1.17 billion HKD and net profit up 15.29% YoY to 168 million HKD, resulting in a net profit margin of 14.37%. However, Q4 2025 net loss was 109 million HKD with a negative ROE of -6.36%, raising concerns over earnings sustainability. The stock trades at a high PE of 83.6x and PB of 3.25x, with a total market cap of 23.1 billion HKD and a turnover rate of 1.69%, though recent news noted an 8% single-day plunge, indicating market skepticism about sustained profitability under elevated valuation.