National Silicon Industry Group Co Ltd Class A 688126

Stock XSHG Rating as of Sep 30, 2026

CN¥23.38 −0.28 (1.18%)

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As of Sep 30, 2026, 7:00:03 AM Delayed Price Closed

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National Silicon Benefits Indirectly From Chinese Memory Expansion and AI Supporting Chips

Phelix Lee Apr 22, 2026

National Silicon Industry Group is a Chinese up-and-coming semiconductor silicon wafer producer. Contrary to its larger peers, NSIG is unlikely to build new sites outside of China because of geopolitical risks and the incremental demand coming from Chinese customers. We expect NSIG to more than double its 300-millimeter wafer capacity by 2030, compared with end-2025 levels, partly fueled by China’s pursuit of a self-sufficient supply chain.

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Price vs Fair Value

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688126 is trading at a LOCK|>%!QB%n premium.

Price

CN¥23.38

Sep 30, 2026

Fair Value

?.F

Apr 22, 2026

Uncertainty

LOCK|T%@

1-Star Price: LOCK|.LsY
5-Star Price: LOCK|!X
Economic Moat: LOCK|qL^
Capital Allocation: LOCK|#<

Bulls Say, Bears Say

Bulls

NSIG will win market share in China due to improving product quality and home market advantage.

Bears

Chipmakers have little incentive to go beyond qualification with NSIG if wafer supply is sufficient.

Trading Information

Previous Close Price: CN¥23.66
Day Range: CN¥23.20–23.95
52-Week Range: CN¥16.61–43.87
Bid/Ask: CN¥23.38 / CN¥23.39
Shares Outstanding: 3.31B
Market Cap: CN¥77.27B
Volume/Avg: 33M / 100M

Key Statistics

Price/Earnings (Normalized): —
Price/Sales: 16.56
Dividend Yield (Trailing): 0.00%
Dividend Yield (Forward): 0.00%
Dividend Payment Schedule: —
Total Yield: —

Company Profile

National Silicon Industry Group was founded in 2015 after reorganizing several smaller silicon producers. Its major subsidiaries are Zing Semiconductor and Simgui domestically, and Okmetic in Finland. The company had an annual production capacity of 19 million wafers at the end of 2025. NSIG holds a 5% stake in France-based Soitec, which is a supplier and a customer. NSIG is headquartered in Shanghai, China and employs more than 3,600 people.

Sector: Technology
Industry: Semiconductor Equipment & Materials
Stock Style Box: Large Core
Total Number of Employees: 3,640
Website: http://www.nsig.com

Competitors

Valuation

Metric	688126	SOI	3436
Price/Earnings (Normalized)	—	—	86.64
Price/Book Value	3.99	4.26	2.14
Price/Sales	16.56	9.55	2.90
Price/Cash Flow	166.06	41.35	11.01

Price/Earnings

688126

SOI

3436

Financial Strength

Metric	688126	SOI	3436
Quick Ratio	1.61	2.47	1.46
Current Ratio	2.16	3.35	3.37
Interest Coverage	−8.83	−6.64	−5.96

Quick Ratio

688126

SOI

3436

Profitability

Metric	688126	SOI	3436
Return on Assets (Normalized)	−6.51%	−0.53%	−1.86%
Return on Equity (Normalized)	−14.06%	−0.96%	−3.66%
Return on Invested Capital (Normalized)	−6.75%	−0.25%	−1.97%

Return on Assets

688126

SOI

3436

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National Silicon Industry Group Co Ltd Class A 688126

Company Report

National Silicon Benefits Indirectly From Chinese Memory Expansion and AI Supporting Chips

Price vs Fair Value

Bulls Say, Bears Say

Bulls

Bears

Trading Information

Key Statistics

Company Profile

Competitors

Valuation

Financial Strength

Profitability

Semiconductor Equipment & Materials Industry Comparables

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