National Silicon Industry Group Co Ltd Class A

688126: XSHG (CHN)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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National Silicon: Preliminary Results Show Ballooning Costs and Aggressive Price Cuts

National Silicon Industry Group's preliminary December-quarter revenue was flat sequentially at CNY 909 million, 13% over our forecast as price cuts boosted market share. Price cuts, goodwill write-downs, and new site startup costs led to net loss doubling to CNY 434 million from the prior quarter.

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