---
title: "湖北万润新能源科技股份有限公司 (688275.SH)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/688275.SH.md"
symbol: "688275.SH"
name: "湖北万润新能源科技股份有限公司"
industry: "电气部件和设备"
---

# 湖北万润新能源科技股份有限公司 (688275.SH)

| Item | Detail |
|------|--------|
| Industry | 电气部件和设备 |
| Location | 沪深市场 |
| Website | [www.hbwanrun.com](https://www.hbwanrun.com) |

## Company Profile

公司成立于 2010 年 12 月，是科创板上市公司，公司是国内较早从事新能源电池正极材料生产和研发的企业之一，产品销往宁德时代、比亚迪等国内外知名企业。公司主要从事锂电池正极材料的研发、生产和销售。公司主要产品为磷酸铁锂、磷酸铁。企业荣誉：公司是国家级企业技术中心，同时也是 “国家级第三批专精特新 ‘小巨人’ 企业”、“湖北省企业技术中心”、“湖北省锂离子电池材料工程技术研究中心”、“锂电池正极材料关键技术湖北省工程研究中心”，并在 2023 年承接了省科技厅重点研发的 “高比能长循环磷酸锰铁锂正极材料关键技术研究与开发” 技术项目、“中国好技术” 荣誉称号等。

## 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: 2026-02-18T04:30:09.000Z

**Overall: C (0.54)**

**Industry**: Electrical Components and Equipment

| Metric | Value |
|--------|-------|
| Industry Ranking | 165 / 258 |
| Industry Median | B |
| Industry Average | C |

- **Style**: Blend - Stocks in which the company has both growth and mature businesses.
- **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 | 42.43% |  |
| Net Profit YoY | 45.82% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 1.97 |  |
| Dividend Ratio | 0.00% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 10.29B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 10.01B |  |


**Multi Score**: C

#### Profit Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | -11.22% | D |
| Profit Margin | -6.24% | D |
| Gross Margin | 5.36% | E |

#### Growth Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 42.43% | A |
| Net Profit YoY | 45.82% | B |
| Total Assets YoY | 7.86% | B |
| Net Assets YoY | -12.15% | E |

#### Cash Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | -1602.06% | E |
| OCF YoY | 42.43% | A |

#### Operating Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.57 | B |

#### Debt Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 71.57% | D |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 湖北万润新能源科技股份有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "D",
      "indicators": [
        {
          "name": "ROE",
          "value": "-11.22%",
          "rating": "D"
        },
        {
          "name": "Profit Margin",
          "value": "-6.24%",
          "rating": "D"
        },
        {
          "name": "Gross Margin",
          "value": "5.36%",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "B",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "42.43%",
          "rating": "A"
        },
        {
          "name": "Net Profit YoY",
          "value": "45.82%",
          "rating": "B"
        },
        {
          "name": "Total Assets YoY",
          "value": "7.86%",
          "rating": "B"
        },
        {
          "name": "Net Assets YoY",
          "value": "-12.15%",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "C",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "-1602.06%",
          "rating": "E"
        },
        {
          "name": "OCF YoY",
          "value": "42.43%",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "B",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.57",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "D",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "71.57%",
          "rating": "D"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 阳光电源 (SZ.300274) | A | A | B | D | B | B |
| 02 | 思源电气 (SZ.002028) | B | A | E | A | B | B |
| 03 | 华友钴业 (SH.603799) | B | A | C | D | B | B |
| 04 | 亿纬锂能 (SZ.300014) | C | B | C | D | A | B |
| 05 | 德业股份 (SH.605117) | A | B | B | D | B | B |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | -16.48 | 220/264 | - | - | - |
| PB | 1.97 | 25/264 | 1.82 | 1.12 | 0.88 |
| PS (TTM) | 1.03 | 18/264 | 0.96 | 0.77 | 0.59 |
| Dividend Yield | 0.00% | - | - | - | - |

## Institutional View

### Analyst Rating Distribution

> As of 2025-12-02T16:00:00.000Z

Total Analysts: **3**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 3 | 100% |
| Overweight | 0 | 0% |
| Hold | 0 | 0% |
| Underweight | 0 | 0% |
| Sell | 0 | 0% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 81.62 |
| Highest Target | 144.00 |
| Lowest Target | 144.00 |

## References

- [Company Overview](https://longbridge.com/en/quote/688275.SH/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/688275.SH/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/688275.SH/topics.md) - Community topics and discussions

---

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