A-share securities code: 688385 Securities abbreviation: Fudan Microelectronics Announcement No.: 2025-001

Hong Kong stock stock code: 01385 Stock abbreviation: Shanghai Fudan

Shanghai Fudan Microelectronics Group Co., Ltd

2024 Annual Results Bulletin Announcement

The Board of Directors and all directors of the Company guarantee that the content of this announcement does not contain any false records, misleading statements or other information

material omissions, and bear legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

The main financial data for 2024 contained in this announcement are preliminary accounting data and have not been audited by an accounting firm

The specific data is subject to the company's regular report for the year 2024, and investors are reminded to pay attention to investment risks.

1. Main financial data and indicators for 2024

Unit: RMB 10,000 yuan

Item Current reporting period Same period last year Change (%)

Total operating income 358,952.62 353,625.94 1.51

Operating profit 55,872.22 75,141.71 -25.64

Total profit 55,867.64 75,185.09 -25.69

Net profit attributable to owners of the parent company 57,251.84 71,949.44 -20.43

Deduction of non-recurring losses attributable to owners of the parent company

46,407.44 57,249.22 -18.94

net profit

Basic earnings per share (RMB) 0.70 0.88 -20.45

Weighted average return on equity 10.27% 14.68% decreased by 4.41 percentage points

End of the reporting period Beginning of the reporting period Change of change (%)

Total assets 904,089.58 841,135.09 7.48

Owners' equity attributable to parent company 589,400.84 530,297.62 11.15

Share capital (10,000 shares) 82,142.73 81,906.04 0.29

Net assets per share attributable to owners of the parent company (RMB) 7.18 6.47 10.90

Note: 1. The opening figures of this reporting period are the same as the statutory disclosure of the year-end figures for 2023.

2. The above financial data and indicators are filled in with the company's unaudited consolidated financial statements.

2. Explanation of operating performance and financial situation

(1) The operating situation, financial situation and the main factors affecting the operating performance in the reporting period

1. Business situation in the reporting period

The company's operating income was about 3.590 billion yuan, an increase of about 1.51% over the previous year. The company realizes ownership

the net profit of owners of the parent company was approximately RMB573 million, a decrease of approximately 20.43% from the previous year; The net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was approximately RMB464 million, a decrease of approximately 18.94% from the previous year.

2. Financial status in the reporting period

As of December 31, 2024, the company's total assets were approximately RMB9.041 billion, an increase of approximately 7.48% from the beginning of the year;

the owner's equity attributable to the parent company was approximately RMB5.894 billion, an increase of approximately 11.15% over the beginning of the year; The net assets per share attributable to the owners of the parent company were approximately 7.18 yuan, an increase of approximately 10.90% from the beginning of the year.

3. The main factors affecting performance

(1) The impact of revenue and gross profit on net profit

In 2024, the company actively expanded new products and new markets, and adjusted the sales prices of some products in a timely manner to consolidate or expand its market share according to the market situation, resulting in an increase in sales volume and operating income. Affected by the decline in product sales prices and the adjustment of product structure, the company's comprehensive gross profit margin decreased by 5.26 percentage points during the reporting period, and the gross profit decreased by about 156.2232 million yuan.

(2) The impact of expenses on net profit.

R&D expenses increased. In 2024, the company will continue to maintain a large R&D investment, continue to carry out technology iteration and new product research and development, continuously enrich product types to meet more application fields, and strengthen product research and development based on diversified supplier processes. During the reporting period, R&D expenses were approximately RMB1030.6515 million, an increase of approximately RMB20.0539 million over the same period last year.

Provision for impairment losses increased. During the reporting period, the company's credit impairment loss increased by about 32.0373 million yuan compared with the previous year, mainly due to the increase in the balance of accounts receivable from highly reliable customers. Mainly due to the decrease in the net realizable value of some products in the inventory, the impairment loss of the accrued assets increased by approximately RMB35.2486 million compared with the previous year.

(2) The main reasons for the increase or decrease of more than 30% of the relevant items in the above table.

During the reporting period, there were no major financial data and indicators of the company with an increase or decrease of more than 30% in the above table.

3. Risk Warning

The main financial data of 2024 contained in the company are preliminary accounting data, which have not been audited by accounting firms, and the specific data are subject to the audited 2024 annual report officially disclosed by the company

Investors should be aware of investment risks.

The announcement is hereby made.

Board of Directors of Shanghai Fudan Microelectronics Group Co., Ltd

February 27, 2025