National Silicon Industry Group Co Ltd Class A

688126: XSHG (CHN)
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NSIG Earnings: Valuation Unchanged as Pricing and Volume Recovery Bear No Surprise

National Silicon Industry Group's third-quarter revenue grew 40% year on year to CNY 1.32 billion. Gross margin was less bad at negative 2.9% as growth of 200 mm wafers accelerated to 30%. NSIG recorded a net profit for the first time in three years thanks to CNY 688 million in investment gains.

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