Local Chorus
Local news from local sources, read in your language.
Developing
Verified

Fudan Weidian forecasts nine-month profit growth of 187.63%–248.18%

🇨🇳 China 20:35 Business Business3 Tech updated 2 h ago first reported by 财联社

In short

Fudan Weidian (复旦微电) forecast net profit attributable to parent-company owners of 950 million to 1.15 billion yuan for the first three quarters of 2026. That would represent growth of 187.63%–248.18% from a year earlier.

Read the full story 1 min read

Fudan Weidian (复旦微电), stock code 688385.SH, issued a profit forecast on October 15 for the first three quarters of 2026. It expected net profit attributable to parent-company owners of 950 million to 1.15 billion yuan, up 187.63%–248.18%. Jiemian also reported a revenue forecast of 3.45 billion to 3.65 billion yuan, up 14.07%–20.68%. [ 1 , 4 ]

The company attributed improvement to technology innovation, product iteration, recovering industry conditions and growing downstream demand, with revenue and overall gross margins increasing across product lines. 36Kr also reported lower inventory write-down losses and higher fair-value gains on listed-company shares held through strategic placements. CLS calculated that projected third-quarter net profit of 101 million to 301 million yuan would be 57%–85% below the second quarter's 701 million yuan. [ 1 , 2 , 4 ]

Why it matters

The company said revenue and overall gross margins improved across its product lines as industry conditions and customer demand recovered. CLS nevertheless calculated a projected third-quarter profit decline of 57%–85% from the second quarter.

Key facts

  • The company forecast nine-month attributable net profit of 950 million to 1.15 billion yuan. [ 1 , 2 , 4 ]
  • Projected nine-month revenue was 3.45 billion to 3.65 billion yuan, up 14.07%–20.68%. [ 4 ]
  • CLS put projected third-quarter net profit at 101 million to 301 million yuan, against 701 million yuan in the second quarter. [ 1 ]

Confirmed by several sources

  • The nine-month attributable net profit forecast implied year-on-year growth of 187.63%–248.18%. [ 1 , 2 , 3 , 4 ]

Still unclear

  • No open questions in the coverage so far.

What local media are saying

Business mediaBusiness outlets highlighted the nine-month profit forecast; CLS also compared quarterly profit and Jiemian supplied the revenue range. [ 1 , 3 , 4 ]
Technology media36Kr reported the forecast and additional profit drivers including lower inventory losses and higher fair-value gains. [ 2 ]

Timeline, local time

  1. October 15: CLS reported the nine-month profit forecast and projected quarterly decline. [ 1 ]