National Silicon Industry Group (688126) Stock Price, Fundamentals & Analysis

National Silicon Industry Group (688126) is a Chinese semiconductor materials company listed on the Shanghai Stock Exchange. It researches, produces, and sells semiconductor silicon wafers and other high-end semiconductor materials in China and internationally, offering 200mm and smaller wafers, SOI wafers, 300mm wafers, and customized silicon wafers. The company was incorporated in 2015 and is headquartered in Shanghai, China, with around 3,875 employees. It belongs to the Technology sector, specifically the Semiconductor Equipment & Materials industry — the same space as peers such as Hygon Information Technology (688041) and Dawning Information Industry (603019).

What 688126 does

National Silicon Industry Group focuses on silicon wafers, the foundational material on which most semiconductor chips are built. Its product range covers 200mm and smaller wafers, advanced 300mm wafers used in modern chip manufacturing, SOI (silicon-on-insulator) wafers for specialized applications, and customized wafers tailored to customer specifications. The company serves customers both in China and internationally, and its fortunes are tied to the semiconductor materials cycle — demand from chipmakers drives wafer volumes and pricing.

Key numbers explained

• Market cap of 81.96B CNY: the total market value of all shares. This places the company among the larger names on the Shanghai market.
• Forward P/E ratio of 486: the share price of 24.8 CNY compared with expected earnings per share. A very high figure means investors are paying a large multiple of anticipated profits — typical for companies currently losing money but expected to become profitable.
• Trailing EPS of -0.7 CNY: over the last twelve months the company reported a loss per share, meaning costs exceeded profits.
• Profit margin of -48.6% and operating margin of -44.6%: for every unit of revenue, the company currently loses money at both the operating and bottom-line level.
• Revenue of 4.34B CNY, growing 37.7% year over year: sales are expanding quickly, even while profitability remains negative.
• Dividend yield of 0%: the company currently pays no dividend, so returns depend entirely on share price movement.
• 52-week range of 16.61 – 43.87 CNY: the stock has traded across a wide band, and is down -2.2% over the last 52 weeks.
• Beta of 1.04: the stock has historically moved roughly in line with the broader market.

What to watch

As a semiconductor materials producer, National Silicon Industry Group is sensitive to the chip industry cycle: wafer demand, capacity utilization, and pricing all affect results. Investors typically track whether the strong revenue growth (37.7%) can translate into improving margins and eventual profitability, given the current negative EPS of -0.7 CNY. Capital intensity matters too — the debt-to-equity ratio of 42.5% and price-to-book of 4.23 shape how the market views its balance sheet and asset base. Broader factors include Chinese semiconductor policy, export regulations, and competition from other listed names such as Transsion (688036) or Yonyou Network Technology (600588). As with any stock on the Shanghai market, currency movements and regional market sentiment also play a role.