Semiconductors

FMSH

Morgan Stanley 增持复旦 230,538 股

Shanghai Fudan University and Fudan University Jointly Establish an Integrated Circuit Engineering and Technology Fusion Innovation Center

FMSH released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 1.032 B, actual EPS CNY 0.18

FMSH to Release FY2026 Q1 Earnings on April 29 After-Market (BJT)

Fudan Fokon Converts Shares into ETFs of Fudan

Fudan University Publishing Significant Year-on-Year Drop in Net Profit

Shanghai Fudan Released 2025 Annual Report with Revenue Growth but Net Profit Decline

FMSH to release FY2025 earnings report on March 27 Pre-Market (BJT), forecast revenue CNY 3.972 B, EPS CNY 0.97

Shanghai Fudan Announces 2025 Financial Results: Revenue Growth but Net Profit Decline

FMSH released FY2025 annual earnings on February 13 Pre-Market (BJT), actual revenue CNY 3.982 B (forecast CNY 3.972 B), actual EPS CNY 0.28 (forecast CNY 0.97)

FMSH released FY2025 Q4 earnings on February 13 Pre-Market (BJT), actual revenue CNY 957.82 M, actual EPS CNY -0.1163

Shanghai Fudan Anticipates Revenue Growth but Decline in Net Profit

Shanghai Fudan and Guanglian Technology Holding Disclose Latest Shareholder Rights

Guosheng Investment Acquires a Stake in Fudan to Become the Largest Shareholder

Guosheng Investment Aims to Acquire 12.99% Shares of Shanghai Fudan Microelectronics

Morgan Stanley Maintains Buy Rating on Shanghai Fudan Microelectronics

First Shanghai Publishes Report on Shanghai Fudan's Quarterly Performance

Morgan Stanley Forecasts Continued Revenue Growth for Shanghai Fudan and Tsinghua Unigroup in 2025

Shanghai Fudan Microelectronics Group's Shareholders Approve Surplus Funds for Operating Capital and Management Changes

Fudan Microelectronics Revenue Growth in Q1-Q3 2025 but Net Profit Declines YoY

688385

01385

Shanghai Fudan Microelectronics Group (SEHK:1385) reported Q1 2026 revenue of CNY 1,032.05 million and net income of CNY 148.31 million, both up from last year. The stock trades at a high P/E of 129.1x, significantly above industry averages, indicating potential overvaluation. A DCF analysis suggests an intrinsic value of HK$3.71, further supporting this view. Despite a strong 1-year total shareholder return of 49.88%, the stock's recent volatility and high valuation metrics raise concerns about future growth expectations.

Simplywall

SHANGHAI FUDAN

Shanghai Fudan Microelectronics Group (SEHK:1385) Valuation After Q1 Revenue And Net Income Growth

00981

603912

688981

The computing power leasing concept became active again, with AURORA hitting its daily limit six times in 11 days, NB CONSTRUCTION surging to the daily limit, Hongjing Technology rising over 10%, and UCloud, Capitalonline, Shunwang Technology, and Canatal following suit. Hong Kong chip stocks surged collectively, with ILUVATAR COREX jumping nearly 12%, HUA HONG SEMI and BIREN TECH rising nearly 6%, and SMIC and SHANGHAI FUDAN increasing by over 3%

- On April 1, both A-shares and Hong Kong stocks opened significantly higher as geopolitical tensions in the Middle East eased, with signals from Iran and the U.S. indicating a willingness to end conflicts.  
- The A-share market saw all three major indices rise over 1%, driven by a surge in computing hardware and chip sectors, while in Hong Kong, the Heng Seng Index opened 2% higher and experienced a slight pullback.  
- In the bond market, government bond futures fluctuated, with mixed movements observed across commodity futures, including gains in precious metals but declines in crude oil and coal.

Wallstreetcn

SMIC

Canatal

UCloud

ILUVATAR COREX

HUA HONG SEMI

BIREN TECH

Hua Hong

AURORA

Capitalonline

Shunwang Technology

SSE Index

Hang Seng Index

NB CONSTRUCTION

AH Shares Rise Collectively: SSE Index Up 1%, Computing Power Hardware Explodes, Hang Seng Index Up 2%, Internet Tech Stocks Generally Rebound

512760

159546

588780

512480

FTXL

588170

Shanghai Fudan Microelectronics to Revise Articles After Equity Incentive Plan

Tip Ranks

Guotai CES Semiconductor Chip Industry ETF

Guotai CSI All Share Integrated Circuit ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

First Trust Nasdaq Food & Semicon

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Shanghai Fudan Microelectronics to Revise Articles After Equity Incentive Plan

Shanghai Fudan Microelectronics Sets March 2026 Board Meeting on 2025 Results and Dividend

Shanghai Fudan Microelectronics Sets March 2026 Board Meeting on 2025 Results and Dividend

688256

688018

The A-share computing chip concept surged in the afternoon, with VeriSilicon rising over 10%, continuing to set a new historical high. ASR, FMSH, Intellifusion, Espressif Systems, Cambricon, Hygon Information Technology, and others followed suit

Cambricon

Espressif Systems

Hygon Information Technology

Intellifusion

VeriSilicon

Shanghai Fudan Microelectronics Group Co (HK:1385) has announced a 2026 A Share Restricted Share Incentive Scheme aimed at enhancing talent retention among directors, senior management, and core technical staff. The board approved the proposal on February 11, 2026, with implementation pending shareholder approval. The scheme will cover 308 participants, representing 14.83% of the company's workforce. Analysts rate the stock as a Buy with a target price of HK$51.00. Fudan Microelectronics is a leading player in China's integrated circuit sector, with a market cap of HK$59.78B.

Fudan Microelectronics Unveils 2026 Restricted Share Incentive Plan to Bolster Talent Retention

SOXL

Shanghai Fudan (1385.HK) showed significant strength in the late trading session yesterday, with prominent signs of capital inflow from major investors and a sharp increase in trading volume, which has driven up market attention. The technology sector has been leading the gains recently, with the rotation speed of industry leaders accelerating, and the overall risk appetite in the A-share and Hong Kong stock markets gradually recovering. This sentiment is driving a new round of catch-up opportunities in the semiconductor sector. Recently, policies have repeatedly focused on the domestic integrated circuit field, with relevant subsidies and industrial support details being implemented, directly boosting the company's visibility. Shanghai Fudan continues to accelerate its product iteration this week, and the market has new expectations for its high growth in performance, coupled with the landing of new clients and phased progress in technology research and development, leading to active positioning by bullish funds at high levels. From a technical perspective, the stock price has consistently stabilized above important medium and short-term moving averages such as the 10-day and 20-day, with various oscillation indicators strengthening simultaneously, and the K-line pattern showing clear intentions from major investors. However, it is important to note that the company's stock price is currently in the overbought zone, and short-term profit-taking pressure has begun to emerge. If trading volume shrinks or market sentiment weakens in the future, it may trigger stock price fluctuations or even corrections. For investors, the current position is at a market watershed, and operations should grasp the trend dividends led by bulls while dynamically monitoring the risks brought by rapid price increases. Overall, Shanghai Fudan's short-term market elasticity remains, and the catch-up window has emerged, but close attention should be paid to the continuity of mainline funds and the sustainability of increased trading volume, with timely position control to avoid blindly chasing highs

Technical Forecast

Direxion Semicon Bull 3X

Morning Trend | SHANGHAI FUDAN (1385.HK) Volume Expansion, Is the Rebound Market Starting?

Shanghai Fudan Microelectronics Group anticipates revenue growth for 2025, projecting between RMB 3.93 billion and RMB 4.03 billion. However, net profit is expected to decline to RMB 190 million to RMB 283 million due to inventory impairment, increased R&D expenses, and reduced tax benefits. This profit compression raises questions about the company's investment narrative, especially as the stock has seen a strong performance. Analysts have varying fair value estimates for the stock, reflecting differing expectations about its future performance amid these challenges.

Is Revenue Growth Amid Profit Compression Reshaping the Investment Case for Fudan Microelectronics (SEHK:1385)?

FMSH(688385.SH)

Shanghai Fudan Microelectronics Group (SEHK:1385) Valuation After Q1 Revenue And Net Income Growth

AH Shares Rise Collectively: SSE Index Up 1%, Computing Power Hardware Explodes, Hang Seng Index Up 2%, Internet Tech Stocks Generally Rebound

Shanghai Fudan Microelectronics to Revise Articles After Equity Incentive Plan

Shanghai Fudan Microelectronics Sets March 2026 Board Meeting on 2025 Results and Dividend

The A-share computing chip concept surged in the afternoon, with VeriSilicon rising over 10%, continuing to set a new historical high. ASR, FMSH, Intellifusion, Espressif Systems, Cambricon, Hygon Information Technology, and others followed suit

Fudan Microelectronics Unveils 2026 Restricted Share Incentive Plan to Bolster Talent Retention

Morning Trend | SHANGHAI FUDAN (1385.HK) Volume Expansion, Is the Rebound Market Starting?

Is Revenue Growth Amid Profit Compression Reshaping the Investment Case for Fudan Microelectronics (SEHK:1385)?