---
title: "华海清科股份有限公司 (688120.SH)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/688120.SH.md"
symbol: "688120.SH"
name: "华海清科股份有限公司"
industry: "半导体材料与设备"
---

# 华海清科股份有限公司 (688120.SH)

| Item | Detail |
|------|--------|
| Industry | 半导体材料与设备 |
| Location | 沪深市场 |
| Website | [www.hwatsing.com](https://www.hwatsing.com) |

## Company Profile

公司是一家拥有核心自主知识产权的高端半导体装备制造商，公司主要产品及服务已广泛应用于集成电路、先进封装、大硅片、第三代半导体、MEMS、MicroLED 等制造工艺。公司依靠国际化的经营理念和人才团队、先进的工艺试验条件，致力于为半导体领域企业提供先进装备及工艺集成解决方案。公司主要从事半导体专用装备的研发、生产、销售及技术服务。主要产品包括 CMP 装备、减薄装备、划切装备、边缘抛光装备、离子注入装备、湿法装备、晶圆再生、关键耗材与维保服务等。公司荣获 “第二十五届中国专利银奖”、“全国工业和信息化系统先进集体”、“金牛上市公司科创奖 (高端装备)”、“天津市先进级智能工厂” 等多项荣誉。

## 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: 2026-02-17T04:30:07.000Z

**Overall: B (0.35)**

**Industry**: Semiconductor Materials and Equipment

| Metric | Value |
|--------|-------|
| Industry Ranking | 7 / 58 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Growth - Stocks whose main business is in the growth 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 | 33.00% |  |
| Net Profit YoY | 24.26% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 9.10 |  |
| Dividend Ratio | 0.20% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 65.64B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 4.15B |  |


**Multi Score**: B

#### Profit Score: A

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 16.37% | A |
| Profit Margin | 26.37% | A |
| Gross Margin | 41.27% | B |

#### Growth Score: A

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 33.00% | A |
| Net Profit YoY | 24.26% | B |
| Total Assets YoY | 14.40% | B |
| Net Assets YoY | 16.83% | A |

#### Cash Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 379.16% | C |
| OCF YoY | 33.00% | A |

#### Operating Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.35 | C |

#### Debt Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 42.44% | C |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 华海清科股份有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "A",
      "indicators": [
        {
          "name": "ROE",
          "value": "16.37%",
          "rating": "A"
        },
        {
          "name": "Profit Margin",
          "value": "26.37%",
          "rating": "A"
        },
        {
          "name": "Gross Margin",
          "value": "41.27%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "A",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "33.00%",
          "rating": "A"
        },
        {
          "name": "Net Profit YoY",
          "value": "24.26%",
          "rating": "B"
        },
        {
          "name": "Total Assets YoY",
          "value": "14.40%",
          "rating": "B"
        },
        {
          "name": "Net Assets YoY",
          "value": "16.83%",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "B",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "379.16%",
          "rating": "C"
        },
        {
          "name": "OCF YoY",
          "value": "33.00%",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "C",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.35",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "C",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "42.44%",
          "rating": "C"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 北方华创 (SZ.002371) | A | A | C | C | B | B |
| 02 | 中微公司 (SH.688012) | B | A | C | B | B | B |
| 03 | 拓荆科技 (SH.688072) | B | A | C | D | B | B |
| 04 | 盛美上海 (SH.688082) | A | A | C | B | B | B |
| 05 | 长川科技 (SZ.300604) | A | A | B | C | B | B |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 59.99 | 11/65 | 50.20 | 44.30 | 36.99 |
| PB | 9.10 | 48/65 | 7.68 | 6.50 | 5.85 |
| PS (TTM) | 15.82 | 42/65 | 13.60 | 12.12 | 10.71 |
| Dividend Yield | 0.20% | 32/65 | 0.29% | 0.24% | 0.22% |

## Institutional View

### Analyst Rating Distribution

> As of 2026-02-07T16:00:00.000Z

Total Analysts: **5**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 4 | 80% |
| Overweight | 0 | 0% |
| Hold | 1 | 20% |
| Underweight | 0 | 0% |
| Sell | 0 | 0% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 185.61 |
| Highest Target | 225.00 |
| Lowest Target | 153.02 |

## References

- [Company Overview](https://longbridge.com/en/quote/688120.SH/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/688120.SH/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/688120.SH/topics.md) - Community topics and discussions

---

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