Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903) Gross Margin %: 55.76% (As of Dec. 2025) — Near Median

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HKSE:09903 Shanghai Iluvatar CoreX Semiconductor Co Ltd HKSE:09903
9 GF Score
Price HK$404.80
! 2 Warning Signs
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What is Shanghai Iluvatar CoreX Semiconductor Co Gross Margin %?

Shanghai Iluvatar CoreX Semiconductor Co HKSE:09903 +10.54% 9 Gross Margin % is 55.76% as of Dec. 2025, which is 8% above its 10-year median of 51.76. GuruFocus rates HKSE:09903 with a GF Score™ of 9/100. The stock has 2 warning signs investors should review. Among 1,013 Semiconductors companies, Shanghai Iluvatar CoreX Semiconductor Co ranks better than 87.46% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Shanghai Iluvatar CoreX Semiconductor Co's Gross Profit for the six months ended in Dec. 2025 was HK$437 Mil. Shanghai Iluvatar CoreX Semiconductor Co's Revenue for the six months ended in Dec. 2025 was HK$784 Mil. Therefore, Shanghai Iluvatar CoreX Semiconductor Co's Gross Margin % for the quarter that ended in Dec. 2025 was 55.76%.


The historical rank and industry rank for Shanghai Iluvatar CoreX Semiconductor Co's Gross Margin % or its related term are showing as below:

HKSE:09903' s Gross Margin % Range Over the Past 10 Years
Min: 49.13   Med: 51.76   Max: 59.36
Current: 54


During the past 4 years, the highest Gross Margin % of Shanghai Iluvatar CoreX Semiconductor Co was 59.36%. The lowest was 49.13%. And the median was 51.76%.

HKSE:09903's Gross Margin % is ranked better than
87.46% of 1013 companies
in the Semiconductors industry
Industry Median: 30.26 vs HKSE:09903: 54.00

Shanghai Iluvatar CoreX Semiconductor Co had a gross margin of 55.76% for the quarter that ended in Dec. 2025 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Shanghai Iluvatar CoreX Semiconductor Co was 0.00% per year.


Shanghai Iluvatar CoreX Semiconductor Co  (HKSE:09903) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Shanghai Iluvatar CoreX Semiconductor Co had a gross margin of 55.76% for the quarter that ended in Dec. 2025 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Shanghai Iluvatar CoreX Semiconductor Co Gross Margin % Related Terms


Shanghai Iluvatar CoreX Semiconductor Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Shanghai Iluvatar CoreX Semiconductor Co's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shanghai Iluvatar CoreX Semiconductor Co Gross Margin % Chart

Shanghai Iluvatar CoreX Semiconductor Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Gross Margin %
59.36 49.53 49.13 53.99

Shanghai Iluvatar CoreX Semiconductor Co Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Gross Margin % Get a 7-Day Free Trial 0.00 45.08 51.48 50.09 55.76

HKSE:09903 vs NVDA, AVGO, MU: Gross Margin % Comparison

For the Semiconductors subindustry, Shanghai Iluvatar CoreX Semiconductor Co's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shanghai Iluvatar CoreX Semiconductor Co Gross Margin % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Shanghai Iluvatar CoreX Semiconductor Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Shanghai Iluvatar CoreX Semiconductor Co's Gross Margin % falls into.


HKSE:09903
9GF Score
Shanghai Iluvatar CoreX Semiconductor Co Ltd HKSE:09903
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai Iluvatar CoreX Semiconductor Co Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Shanghai Iluvatar CoreX Semiconductor Co's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=616.4 / 1141.851
=(Revenue - Cost of Goods Sold) / Revenue
=(1141.851 - 525.422) / 1141.851
=53.99 %

Shanghai Iluvatar CoreX Semiconductor Co's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=437 / 783.629
=(Revenue - Cost of Goods Sold) / Revenue
=(783.629 - 346.644) / 783.629
=55.76 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 55.76% mean?
Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903) has a Gross Margin % of 55.76% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Shanghai Iluvatar CoreX Semiconductor Co and its competitors. This is near median its historical median of 51.76. Over the past decade, Shanghai Iluvatar CoreX Semiconductor Co's Gross Margin % has ranged from 49.13 to 59.36. According to the industry distribution chart, Shanghai Iluvatar CoreX Semiconductor Co ranks #127 out of 1013 companies in the Semiconductors industry, placing it in the top 12.5%.
Is Shanghai Iluvatar CoreX Semiconductor Co's Gross Margin % too high?
Shanghai Iluvatar CoreX Semiconductor Co's current Gross Margin % of 55.76% is near median its 10-year median of 51.76. Over the past 10 years, this metric has ranged from a low of 49.13 to a high of 59.36. The Semiconductors industry median Gross Margin % is 30.26. Shanghai Iluvatar CoreX Semiconductor Co's value of 55.76% is 84.3% above this industry median. Based on the distribution chart, Shanghai Iluvatar CoreX Semiconductor Co ranks #127 out of 1013 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Shanghai Iluvatar CoreX Semiconductor Co has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Shanghai Iluvatar CoreX Semiconductor Co's Gross Margin % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Shanghai Iluvatar CoreX Semiconductor Co ranks #127 out of 1013 companies for Gross Margin %. This places Shanghai Iluvatar CoreX Semiconductor Co in the top 13% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 30.26. Shanghai Iluvatar CoreX Semiconductor Co's value of 55.76% is 84.3% above this benchmark. Historically, Shanghai Iluvatar CoreX Semiconductor Co's own Gross Margin % has ranged from 49.13 to 59.36 over the past decade. While the company's 10-year median is 51.76 vs. the industry median of 30.26, Shanghai Iluvatar CoreX Semiconductor Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Semiconductors company?
The median Gross Margin % among Semiconductors companies is 30.26, based on 1,013 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shanghai Iluvatar CoreX Semiconductor Co's current Gross Margin % of 55.76% is 84.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Shanghai Iluvatar CoreX Semiconductor Co and its competitors. For the Semiconductors industry, the median Gross Margin % is 30.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Iluvatar CoreX Semiconductor Co's current Gross Margin % is 55.76%, which is near median its own 10-year median of 51.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Iluvatar CoreX Semiconductor Co stock overvalued right now?
Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903) has a current Gross Margin % of 55.76%. The current Gross Margin % is 55.76%, which is near median its 10-year median of 51.76 and 84.3% above the Semiconductors industry median of 30.26. Shanghai Iluvatar CoreX Semiconductor Co's overall GF Score™ is 9/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903), the current Gross Margin % is 55.76% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Shanghai Iluvatar CoreX Semiconductor Co Business Description

Address No. 2168 Chenhang Road, Room 101, Building 3, Minhang District, Shanghai, CHN
Shanghai Iluvatar CoreX Semiconductor Co Ltd offers GPGPU products and AI computing solutions across diverse industries. Its product portfolio includes GPGPU chips and accelerators, as well as customized AI computing solutions, including GPGPU servers and clusters, that combine its hardware with proprietary software stack to address specific customer needs in training and inference scenarios. The company specializes in the research, design, and deployment of advanced GPGPU products and AI computing solutions across diverse industries. Geographically, it operates in Chinese Mainland; and Hong Kong, of which it derives maximum revenue from Chinese Mainland.
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HK$404.80
Price