National Silicon Industry Group Co.,Ltd. (688126.SH) has released its semi-annual report for 2026, revealing a net loss attributable to shareholders of RMB 965 million. The company's revenue for the reporting period reached RMB 2.317 billion, marking a 36.51% increase year-over-year.
The net loss attributable to shareholders of the listed company widened compared to the same period last year. After deducting non-recurring gains and losses, the net loss stood at RMB 958 million, also expanding year-over-year. Basic earnings per share came in at RMB -0.292.
Revenue during the reporting period increased by RMB 620 million compared to the first half of 2025, representing a 36.51% growth. Specifically, sales volume of 300mm semiconductor silicon wafers surged by over 90% year-over-year. However, due to the continuous decline in semiconductor silicon wafer prices from 2023 to 2025, the average selling price of products remained at a cyclical low in the first half of 2026, resulting in a revenue increase of less than 60%.
Sales volume of 200mm semiconductor silicon wafers also grew by approximately 16% year-over-year. Yet, similarly impacted by selling prices, revenue from this segment only saw a modest increase of under 5%. Demand for entrusted processing services has remained at low levels since the second quarter of 2025, leading to a revenue decline of about 22% year-over-year.
Despite significant reductions in unit costs driven by economies of scale from increased sales volume and various cost-reduction and efficiency-enhancement initiatives, gross profit levels did not improve significantly during the reporting period compared to the previous year. The decline in profit figures and related financial metrics versus the same period in 2025 is primarily attributed to three key factors.
First, to ensure long-term competitiveness and the profitability of advantageous products, the company has maintained substantial research and development investment in 300mm silicon wafers and 300mm SOI silicon wafers, with R&D spending increasing by approximately RMB 100 million. Second, fluctuations in exchange rates, particularly the euro against the renminbi, led to a year-over-year increase of roughly RMB 200 million in financial expenses. Third, due to lower unit prices and the need to digest higher-cost inventory retained from previous years, asset impairment losses increased by approximately RMB 120 million.
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