National Silicon Industry Group Co Ltd Class A
688126: XSHG (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|d& | LOCK|<&R | LOCK|$lV |
National Silicon Earnings: Weak Prices to Continue Amid Industry Glut; Shares Overvalued
National Silicon Industry Group's September quarter revenue grew 4% year on year to CNY 944 million driven by a 16% increase in 300mm wafer revenue, offset by a double-digit drop in 200mm wafer sales. However, gross margin worsened to negative 17.5% due to higher depreciation and lower prices.
