Shanghai Fudan Microelectronics Group Co Ltd Class H (HK:1385)
:1385
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Shanghai Fudan Microelectronics Group Co
(1385)
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Rating:55Neutral
Price Target:
HK$43.00
▲(12.86% Upside)
Action:Reiterated
Date:05/05/26
The score is driven primarily by acceptable overall financial quality—stronger recent cash flow and a solid balance sheet—offset by materially weaker margins/returns versus prior years. Technical indicators add downside pressure due to weak momentum, while valuation is a further headwind given the high P/E and low dividend yield.
Positive Factors
Improved cash generation
Sustained positive operating and free cash flow (TTM) strengthens the firm's ability to fund R&D, support customer qualification cycles, and absorb foundry or supply shocks without immediate external financing. Durable cash generation underpins long-term product development and commercialization.
Negative Factors
Compressed margins
Material margin compression undermines the company's ability to reinvest in higher-margin R&D initiatives and weakens cash conversion from sales. If structural (cost, pricing or mix driven), persistently lower margins could erode competitive differentiation and limit long-term profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
Sustained positive operating and free cash flow (TTM) strengthens the firm's ability to fund R&D, support customer qualification cycles, and absorb foundry or supply shocks without immediate external financing. Durable cash generation underpins long-term product development and commercialization.
Read all positive factors
Shanghai Fudan Microelectronics Group Co (1385) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$55.43B
Dividend Yield0.2%
Average Volume (3M)4.02M
Price to Earnings (P/E)47.3
Beta (1Y)2.11
Revenue Growth17.21%
EPS Growth-54.17%
CountryHK
Employees2,077
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)0.28
Shares Outstanding284,330,000
10 Day Avg. Volume4,728,045
30 Day Avg. Volume4,016,467
Financial Highlights & Ratios
PEG Ratio-2.43
Price to Book (P/B)5.50
Price to Sales (P/S)8.71
P/FCF Ratio66.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.07
Revenue Forecast (FY)HK$4.86B
Shanghai Fudan Microelectronics Group Co Business Overview & Revenue Model
Company Description
Shanghai Fudan Microelectronics Group Co., Ltd. (1385) is a leading semiconductor company based in China, primarily engaged in the research, development, and manufacturing of integrated circuits (ICs) and microelectronic products. The company oper...
How the Company Makes Money
The company primarily makes money by selling its self-developed IC products and related solution offerings to customers that integrate these chips into end products and systems. Key revenue streams generally include: (1) Sales of security/identifi...
Shanghai Fudan Microelectronics Group Co Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
74
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.18B | 3.98B | 3.59B | 3.54B | 3.54B | 2.58B |
| Gross Profit | 2.08B | 1.81B | 1.83B | 2.04B | 2.29B | 1.47B |
| EBITDA | 305.08M | 522.72M | 652.51M | 1.02B | 1.30B | 791.17M |
| Net Income | 244.53M | 232.34M | 572.60M | 719.49M | 1.08B | 514.47M |
Balance Sheet | ||||||
| Total Assets | 9.15B | 9.21B | 9.04B | 8.41B | 6.11B | 4.17B |
| Cash, Cash Equivalents and Short-Term Investments | 1.54B | 1.48B | 1.23B | 1.03B | 1.27B | 1.19B |
| Total Debt | 1.40B | 1.52B | 1.69B | 1.52B | 102.34M | 101.69M |
| Total Liabilities | 2.28B | 2.42B | 2.50B | 2.45B | 957.72M | 798.11M |
| Stockholders Equity | 6.26B | 6.14B | 5.89B | 5.30B | 4.53B | 3.14B |
Cash Flow | ||||||
| Free Cash Flow | 803.57M | 508.91M | 99.51M | -1.56B | -461.24M | 37.71M |
| Operating Cash Flow | 1.06B | 767.48M | 732.47M | -708.17M | 321.29M | 602.20M |
| Investing Cash Flow | -302.42M | -275.73M | -754.00M | -731.60M | -132.51M | -1.18B |
| Financing Cash Flow | -367.53M | -261.19M | 88.63M | 1.31B | 504.59M | 718.81M |
Shanghai Fudan Microelectronics Group Co Technical Analysis
Negative
38.10
Price Trends
41.83
Negative
45.31
Negative
41.71
Negative
Market Momentum
-0.76
Positive
39.02
Neutral
10.65
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1385, the sentiment is Negative. The current price of 38.1 is below the 20-day moving average (MA) of 42.13, below the 50-day MA of 41.83, and below the 200-day MA of 41.71, indicating a bearish trend. The MACD of -0.76 indicates Positive momentum. The RSI at 39.02 is Neutral, neither overbought nor oversold. The STOCH value of 10.65 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1385.
Shanghai Fudan Microelectronics Group Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | HK$759.86B | 65.99 | 3.25% | ― | 13.61% | 16.57% | |
55 Neutral | HK$55.43B | 47.35 | 3.97% | 0.20% | 17.21% | -54.17% | |
55 Neutral | HK$1.04B | 33.87 | 4.98% | ― | -17.88% | -60.44% | |
50 Neutral | HK$260.05B | 214.07 | 0.84% | 0.23% | 22.26% | 171.99% | |
41 Neutral | HK$11.02B | ― | -81.95% | ― | ― | ― |
* Technology Sector Average
HK:1385
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37.94
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Fortior Technology (Shenzhen) Co., Ltd. Class H
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28.43%
Shanghai Fudan Microelectronics Group Co Corporate Events
Shanghai Fudan Microelectronics Delivers Higher Q1 2026 Revenue and Profit on Strong R&D Spending
Apr 29, 2026
Shanghai Fudan Microelectronics Group reported unaudited consolidated results for the first quarter of 2026 prepared under China Accounting Standards for Business Enterprises, showing a business driven by strong RD outlays. The company continues t...
Shanghai Fudan Microelectronics Sets 2026 AGM to Vote on Governance, Profit Plan and Share Issuance Mandate
Apr 27, 2026
Shanghai Fudan Microelectronics Group Company Limited has convened its annual general meeting for 22 May 2026 in Shanghai, setting the agenda for key corporate governance and operational decisions. Shareholders of H Shares on the register as of th...
Shanghai Fudan Microelectronics Sets Board Meeting to Approve Q1 2026 Report
Apr 17, 2026
Shanghai Fudan Microelectronics Group Company Limited has scheduled a board meeting for 29 April 2026 to review and approve the publication of its first quarterly report for the three months ended 31 March 2026. The meeting may also address other ...
Shanghai Fudan Microelectronics launches first grant under 2026 A share restricted share incentive plan
Mar 30, 2026
Shanghai Fudan Microelectronics Group Company Limited has launched the first grant under its 2026 A Share Restricted Share Incentive Scheme, issuing 11,160,000 A share restricted shares to 308 eligible participants at a grant price of RMB41.59 per...
Shanghai Fudan Microelectronics to Revise Articles After Equity Incentive Plan
Mar 27, 2026
Shanghai Fudan Microelectronics Group Company Limited plans to revise its Articles of Association to reflect changes in share capital following the implementation of its A-share Restricted Share Incentive Scheme. The updated Articles, which align ...
Fudan Microelectronics Posts Stable 2025 Balance Sheet with Shift Toward Long-Term Debt
Mar 27, 2026
Shanghai Fudan Microelectronics Group Company Limited reported audited consolidated results for the year ended 31 December 2025, showing total assets of RMB 9.21 billion, broadly stable versus 2024, and a modest increase in equity attributable to ...
Shanghai Fudan Microelectronics Proposes Final Cash Dividend for 2025
Mar 27, 2026
Shanghai Fudan Microelectronics Group Co. has proposed a final ordinary cash dividend of RMB 0.58 per 10 shares for the financial year ended 31 December 2025, reflecting its profit distribution policy and capital management approach. Key details i...
Fudan Microelectronics Wins Shareholder Approval for 2026 A Share Incentive Scheme
Mar 16, 2026
Shanghai Fudan Microelectronics Group Company Limited secured shareholder approval across its extraordinary general meeting and separate A share and H share class meetings on 16 March 2026 for a new 2026 A Share Restricted Share Incentive Scheme. ...
Shanghai Fudan Microelectronics Sets March 2026 Board Meeting on 2025 Results and Dividend
Mar 13, 2026
Shanghai Fudan Microelectronics Group Company Limited has scheduled a board meeting for 27 March 2026 to review and approve the audited annual results for the year ended 31 December 2025. The board will also consider recommending a final dividend ...
Fudan Micro’s 2025 Profit Slumps on R&D and Impairments Despite Revenue Growth
Feb 13, 2026
Shanghai Fudan Microelectronics reported that 2025 revenue rose about 11% to RMB3.98 billion as FPGA and MCU products delivered strong growth, particularly in communications, industrial and automotive and white goods applications. Security and ide...
Fudan Microelectronics Calls 2026 EGM to Approve New A-Share Incentive Scheme
Feb 12, 2026
Shanghai Fudan Microelectronics Group Company Limited has convened its first extraordinary general meeting of 2026 for March 16 in Shanghai, inviting shareholders on record that day to attend or vote by proxy. The company, a Hong Kong-listed semic...
Fudan Microelectronics Calls H-Shareholder Meeting on New A-Share Incentive Plan
Feb 12, 2026
Shanghai Fudan Microelectronics Group Company Limited has convened its first 2026 class meeting of H shareholders in Shanghai to vote on a new A Share Restricted Share Incentive Scheme. The meeting, scheduled for 16 March 2026, will consider speci...
Fudan Microelectronics Unveils 2026 Restricted Share Incentive Plan to Bolster Talent Retention
Feb 11, 2026
Shanghai Fudan Microelectronics Group Co plans to adopt a 2026 A Share Restricted Share Incentive Scheme aimed at enhancing its long-term incentive mechanism for directors, senior management and core technical staff. The scheme is designed to attr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.