NAURA Technology Group Co Ltd
- Industry
- AI Semiconductor Equipment
- Exchange
- Shenzhen
- Country
- China
- IPO date
- Mar 16, 2010
- Employees
- 21,101
- Website
- www.naura.com
Composite valuation range · conservative ¥500–¥580 / fair ¥580–¥700 / optimistic ¥700–¥850. At ¥721.04, Within the optimistic intrinsic-value range · much expectation priced in.
At publication ¥682.22 (Jun 16, 2026)
NAURA is China's broadest listed domestic wafer-fab equipment platform, selling into etch, deposition, cleaning and more, with 2025 process-equipment revenue of CNY 36.73 billion. Real usage clearly carries the story, with two tool families each topping CNY 10 billion in 2025, yet at roughly 48x forward earnings the stock already discounts years of near-flawless execution. Rating Watch: a genuine national champion worth owning on pullbacks into the CNY 500-580 fair-buy band, not chasing because the localization story is true.
NAURA is a leading platform-style semiconductor equipment company, with a real moat that looks more like several medium-depth layers stacked together. The core thesis is a good business at an expensive price: cash-flow conversion is weaker than accounting profit, and about RMB 610 per share already prices in the optimistic case with too little margin of safety. Research rating Watch: a high-quality company worth tracking, with an ideal buy range of RMB 220-320.
NAURA Technology Group Co., Ltd. engages in the research and development, production, sale, and technical services of semiconductors in the People's Republic of China. It operates through Semiconductor Equipment, Vacuum New Energy Equipment, and Precision Component segments. The company offers semiconductor process equipment including etching, thin film deposition, thermal processing, wet cleaning, ion implantation, coating and developing, and bonding which are used in the manufacturing of integrated circuits, power semiconductors, 3D integration and advanced packaging, compound semiconductors, and new displays. It also provides vacuum new energy equipment, which includes crystal growth, vacuum heat treatment, atmosphere-protected heat treatment, continuous heat treatment, plasma-enhanced chemical vapor deposition, diffusion oxidation annealing, magnetron sputtering coating, low-pressure chemical vapor deposition, multi-arc ion plating, and metal bipolar plate coating equipment that are used in material heat treatment, vacuum electronics, semiconductor materials, magnetic materials, and new energy fields. In addition, the company offers precision components including precision resistors, new capacitors, ultra-high voltage ceramic capacitors, quartz crystal devices, quartz microelectromechanical sensors, analog chips, modular power supplies, microwave components, inductors and transformers, and high-performance magnetic materials which are used in power electronics, rail transportation, smart grids, precision instruments, and automatic control applications. The company was formerly known as Beijing Sevenstar Electronics Co., Ltd. and changed its name to NAURA Technology Group Co., Ltd. in February 2017. NAURA Technology Group Co., Ltd. was founded in 2001 and is headquartered in Beijing, the People's Republic of China.
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
History
NAURA Technology Group Co., Ltd. was founded in 2001 and is headquartered in Beijing, China. The company was formerly known as Beijing Sevenstar Electronics Co., Ltd. and changed its name to NAURA Technology Group in February 2017. Its shares are listed on the Shenzhen Stock Exchange following an IPO on 16 March 2010. The business operates through three segments—Semiconductor (electronic process) Equipment, Vacuum New Energy Equipment, and Precision Components—and in 2025 acquired control of Kingsemi, extending its coverage into photoresist track and advanced-packaging tools. It employs about 21,101 people.
Industry position
NAURA is described as China's broadest listed domestic wafer-fab equipment platform, with a product line spanning etch, thin-film deposition, thermal processing, wet clean, ion implantation and electroplating. In 2025 total revenue reached CNY 39.35 billion, of which electronic process equipment contributed CNY 36.73 billion, about 93% of the total, and etch equipment and thin-film deposition equipment each generated revenue above CNY 10 billion. The state-backed company has Beijing Sevenstar as controlling shareholder (33.20%). Its main domestic competitors include AMEC, Piotech and ACM Research Shanghai, alongside global majors such as Applied Materials, Lam Research and Tokyo Electron.