Changes in Hong Kong stocks | Shanghai Fudan (01385) rose more than 8% in the afternoon, institutions say demand in the storage and high reliability sector is improving

The Zhitong Finance App learned that Fudan, Shanghai (01385) rose more than 8% in the afternoon. As of press release, it had risen 7.7% to HK$45.34, with a turnover of HK$335 million.

According to the news, storage giant Kingston Data Center SSD business manager Cameron Crandall recently stated on the “TheFullNerdNetwork” podcast that the shortage of NAND flash memory will increase markedly in the next 30 days, and SSD prices will rise further from the current level. According to the Everbright Securities Research Report, demand in the storage and high reliability fields is improving. The company's non-volatile memory benefits from the increase in storage prices, and subsequent price, demand, profit, etc. continue to improve; the smart meter business benefits from the company's competitive advantage and a boost in shipments, and is expected to accelerate the shipment of automotive-grade MCUs around automotive body control and other fields;

Furthermore, according to a recent research report by First Shanghai, the company's 28nm FPGA products have been on the market for 6 years since they were successfully developed in 2018. The next-generation 1xnm FinFET FPGA products are expected to start contributing revenue in 2026, and it is expected that the company's market share of FPGA products will continue to expand next year. In addition, 1xnmFinFET-based programmable chip (PSoC) products are also widely used in the fields of high reliability and industrial control. Currently, pSoC products account for 25% of FPGA business revenue. Looking ahead to fiscal year 2025, the company's FPGA business revenue is expected to grow 38.6% year over year to reach 1.47 billion yuan.