STOCKS | Shanghai Fudan Microelectronics Expects 3.13-4.16x Jump in Net Profit

Shanghai Fudan Microelectronics (1385) issued a profit alert, forecasting revenue of about RMB22 billion to RMB24 billion for the period ended June 30 this year, up 19.64% to 30.52% year on year, according to Ming Pao. The company expects net profit of about RMB8 billion to RMB10 billion, representing a year-on-year increase of 3.13 to 4.16 times. Net profit excluding non-recurring gains and losses is estimated at about RMB3.5 billion to RMB4.5 billion, up 91.98% to 146.83% year on year.