NATIONAL SILICON INDUSTRY GROUP (688126) H2 2024 earnings summary

Executive summary

• 2024 saw a 6.18% year-over-year increase in total revenue, reaching 3.39 billion RMB.

• Net profit attributable to shareholders dropped to a loss of 970.54 million RMB, down 620.28% year-over-year.

• Operating profit and total profit both turned negative, with significant declines of over 750% compared to last year.

• 300mm semiconductor wafer sales volume surged over 70% year-over-year, outperforming the global market.

Financial highlights

• Operating profit: -1.16 billion RMB, down 750.94% year-over-year.

• Net profit attributable to shareholders: -970.54 million RMB, down 620.28% year-over-year.

• Basic EPS: -0.353 RMB, down 619.12% year-over-year.

• Total assets at year-end: 29.27 billion RMB, up 0.82% from the start of the year.

• Shareholders’ equity: 12.29 billion RMB, down 18.72% year-over-year.

Outlook and guidance

• Market recovery in the semiconductor sector is ongoing but slower than expected for upstream silicon wafers.

• Continued high R&D investment is expected to enhance long-term competitiveness and profitability.