National Silicon Industry Group Co Ltd Class A

688126: XSHG (CHN)
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NSIG Earnings: Underwhelming Pricing, but Rebound Likely in Second Half; Valuation Unchanged

National Silicon Industry Group's June-quarter revenue grew 38% year on year to CNY 1.23 billion, while gross margin was less bad at negative 5.3% as the firm shipped 90% more 300-millimeter wafers year over year. The 300 mm wafer average selling price fell 17%. Shares dropped 8% on Aug. 20.

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