---
title: "協鑫科技控股有限公司 (03800.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/03800.HK.md"
symbol: "03800.HK"
name: "協鑫科技控股有限公司"
industry: "半導體材料與設備"
---

# 協鑫科技控股有限公司 (03800.HK)

| Item | Detail |
|------|--------|
| Industry | 半導體材料與設備 |
| Location | 港股市場 |
| Website | [www.gcltech.com](https://www.gcltech.com) |

## Company Profile

協鑫科技控股有限公司(原名:保利協鑫能源控股有限公司)是一家主要從事光伏材料製造和銷售的投資控股公司。公司通過叁個部門運營業務。光伏業務分部主要從事為於光伏行業營運的公司製造及銷售多晶矽及矽片產品。新能源業務分部從事主要從事發展、興建、營運及管理光伏電站。光伏電站業務分部從事管理及營運光伏電站。

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-20T04:30:10.000Z

**Overall: D (0.75)**

**Industry**: Semiconductor Materials and Equipment

| Metric | Value |
|--------|-------|
| Industry Ranking | 6 / 8 |
| Industry Median | C |
| Industry Average | D |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -44.55% |  |
| Net Profit YoY | -12.63% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 1.00 |  |
| Dividend Ratio | 0.00% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 40.19B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 12.98B |  |


**Multi Score**: D

#### Profit Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | -12.98% | D |
| Profit Margin | -42.17% | E |
| Gross Margin | -12.21% | E |

#### Growth Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -44.55% | E |
| Net Profit YoY | -12.63% | D |
| Total Assets YoY | -7.82% | E |
| Net Assets YoY | -8.90% | D |

#### Cash Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | -237.16% | D |
| OCF YoY | -44.55% | E |

#### Operating Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.16 | D |

#### Debt Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 41.98% | C |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 協鑫科技控股有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "E",
      "indicators": [
        {
          "name": "ROE",
          "value": "-12.98%",
          "rating": "D"
        },
        {
          "name": "Profit Margin",
          "value": "-42.17%",
          "rating": "E"
        },
        {
          "name": "Gross Margin",
          "value": "-12.21%",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "E",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "-44.55%",
          "rating": "E"
        },
        {
          "name": "Net Profit YoY",
          "value": "-12.63%",
          "rating": "D"
        },
        {
          "name": "Total Assets YoY",
          "value": "-7.82%",
          "rating": "E"
        },
        {
          "name": "Net Assets YoY",
          "value": "-8.90%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "E",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "-237.16%",
          "rating": "D"
        },
        {
          "name": "OCF YoY",
          "value": "-44.55%",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "D",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.16",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "C",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "41.98%",
          "rating": "C"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | ASMPT (HK.522) | D | C | E | A | D | C |
| 02 | 天岳先進 (HK.2631) | C | D | D | B | C | C |
| 03 | 福萊特玻璃 (HK.6865) | C | E | C | C | C | C |
| 04 | 靖洋集團 (HK.8257) | C | D | C | D | C | C |
| 05 | 優博控股 (HK.8529) | D | C | B | D | D | C |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | -7.26 | 5/9 | - | - | - |
| PB | 1.00 | 3/9 | 0.96 | 0.88 | 0.62 |
| PS (TTM) | 3.06 | 6/9 | 2.94 | 2.20 | 1.47 |
| Dividend Yield | 0.00% | - | - | - | - |

## Institutional View

### Analyst Rating Distribution

> As of 2026-02-15T16:00:00.000Z

Total Analysts: **16**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 10 | 63% |
| Overweight | 3 | 19% |
| Hold | 3 | 19% |
| Underweight | 0 | 0% |
| Sell | 0 | 0% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 1.21 |
| Highest Target | 2.28 |
| Lowest Target | 1.12 |

## References

- [Company Overview](https://longbridge.com/en/quote/03800.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/03800.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/03800.HK/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.