Shanghai Fudan Microelectronics Group Co (HK:1385) has released an update.
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Shanghai Fudan Microelectronics has issued a profit warning, reporting an estimated revenue decrease of up to 2.85% and a net profit drop of up to 38.48% for the first nine months of 2024. The decline is attributed to competitive market conditions leading to price adjustments and increased research and development expenses. Investors are advised to exercise caution as the company finalizes its financial results.
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