Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903) Net Margin %: -55.59% (As of Dec. 2025)

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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 Net Margin %?

Shanghai Iluvatar CoreX Semiconductor Co HKSE:09903 +10.54% 9 Net Margin % is -55.59% as of Dec. 2025. GuruFocus rates HKSE:09903 with a GF Score™ of 9/100. The stock has 2 warning signs investors should review. Among 1,026 Semiconductors companies, Shanghai Iluvatar CoreX Semiconductor Co ranks worse than 95.03% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Shanghai Iluvatar CoreX Semiconductor Co's Net Income for the six months ended in Dec. 2025 was HK$-436 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 net margin for the quarter that ended in Dec. 2025 was -55.59%.

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

HKSE:09903' s Net Margin % Range Over the Past 10 Years
Min: -276.62   Med: -219.6   Max: -96.8
Current: -96.8


HKSE:09903's Net Margin % is ranked worse than
95.03% of 1026 companies
in the Semiconductors industry
Industry Median: 5.81 vs HKSE:09903: -96.80

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

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Shanghai Iluvatar CoreX Semiconductor Co Net Margin % Related Terms


Shanghai Iluvatar CoreX Semiconductor Co Net Margin % Historical Data

* Premium members only.

The historical data trend for Shanghai Iluvatar CoreX Semiconductor Co's Net 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 Net Margin % Chart

Shanghai Iluvatar CoreX Semiconductor Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Net Margin %
-276.62 -273.77 -165.42 -97.10

Shanghai Iluvatar CoreX Semiconductor Co Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Net Margin % Get a 7-Day Free Trial 0.00 -204.62 -142.79 -187.91 -55.59

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

For the Semiconductors subindustry, Shanghai Iluvatar CoreX Semiconductor Co's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Semiconductors Industry

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

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


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

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

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

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-1108.764/1141.851
=-97.10 %

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

Net Margin=Net Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-435.637/783.629
=-55.59 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of -55.59% mean?
Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903) has a Net Margin % of -55.59% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Shanghai Iluvatar CoreX Semiconductor Co and its competitors. According to the industry distribution chart, Shanghai Iluvatar CoreX Semiconductor Co ranks #975 out of 1026 companies in the Semiconductors industry, placing it in the top 95%.
Is Shanghai Iluvatar CoreX Semiconductor Co's Net Margin % too high?
Shanghai Iluvatar CoreX Semiconductor Co's current Net Margin % is -55.59%. Based on the distribution chart, Shanghai Iluvatar CoreX Semiconductor Co ranks #975 out of 1026 companies in the Semiconductors industry, which is in the bottom quartile 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 Net Margin % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Shanghai Iluvatar CoreX Semiconductor Co ranks #975 out of 1026 companies for Net Margin %. This places Shanghai Iluvatar CoreX Semiconductor Co in the lower half of its industry. The industry median Net Margin % is 5.81. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Semiconductors company?
The median Net Margin % among Semiconductors companies is 5.81, based on 1,026 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Shanghai Iluvatar CoreX Semiconductor Co and its competitors. For the Semiconductors industry, the median Net Margin % is 5.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Iluvatar CoreX Semiconductor Co's current Net Margin % is -55.59%. 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 Net Margin % of -55.59%. The current Net Margin % is -55.59%. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903), the current Net Margin % is -55.59% 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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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$404.80
Price