688126:SSENational Silicon Industry Group Co. Ltd. Class A Analysis
Data as of 2026-03-17 - not real-time
CN¥19.42
Latest Price
7/10Risk
Risk Level: Medium
Executive Summary
National Silicon Industry Group is trading at CNY 19.42, comfortably below its 20‑day (20.37), 50‑day (21.69) and 200‑day (20.99) simple moving averages, signalling a bearish price bias. The RSI sits at 36.9, hinting at modest oversold pressure, while the MACD remains in a bearish configuration (line below signal).
Fundamentally the company is in distress: gross margin is –49.8%, operating margin –100%, and net profit margin –39.7%, with negative EBITDA of CNY ‑0.93 bn and a forward PE of 213× versus an industry average of 34×. Debt is high (DE ratio ≈ 48) and net cash is negative, while the stock carries no dividend. Despite a low beta (0.14) the 30‑day volatility is ~40%, and the market sentiment index reads “Extreme Greed,” suggesting speculative buying despite weak fundamentals.
Fundamentally the company is in distress: gross margin is –49.8%, operating margin –100%, and net profit margin –39.7%, with negative EBITDA of CNY ‑0.93 bn and a forward PE of 213× versus an industry average of 34×. Debt is high (DE ratio ≈ 48) and net cash is negative, while the stock carries no dividend. Despite a low beta (0.14) the 30‑day volatility is ~40%, and the market sentiment index reads “Extreme Greed,” suggesting speculative buying despite weak fundamentals.
Market Outlook
Short Term
< 1 yearCautious
Model confidence: 6/10
Key Factors
- Price below all major SMAs
- Bearish MACD histogram
- Severe profitability deficits
Medium Term
1–3 yearsNeutral
Model confidence: 5/10
Key Factors
- Potential upside from forward EPS improvement
- High market volatility
- Continued balance‑sheet pressure
Long Term
> 3 yearsPositive
Model confidence: 4/10
Key Factors
- Strategic importance of 300mm silicon wafers in China
- Low beta indicating limited systematic risk
- Possible turnaround if cost structure improves
Key Metrics & Analysis
Financial Health
Revenue Growth18.30%
Profit Margin-39.71%
P/E Ratio213.3
ROE-7.82%
Debt/Equity47.87
P/B Ratio4.7
Industry P/E34.2
Technical Analysis
TrendNeutral
RSI36.9
SupportCN¥18.85
ResistanceCN¥22.46
MA 20CN¥20.37
MA 50CN¥21.69
MA 200CN¥20.99
MACDBearish
VolumeStable
Fear & Greed Index79.45
Valuation
GradeOvervalued
TypeValue
Risk Assessment
Beta0.14
Volatility40.29%
Sector RiskMedium
Reg. RiskMedium
Geo RiskMedium
Currency RiskLow
Liquidity RiskLow
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.