---
title: "凌雲光技術股份有限公司 (688400.SH)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/688400.SH.md"
symbol: "688400.SH"
name: "凌雲光技術股份有限公司"
industry: "電子設備及服務"
---

# 凌雲光技術股份有限公司 (688400.SH)

| Item | Detail |
|------|--------|
| Industry | 電子設備及服務 |
| Location | 滬深市場 |
| Website | [www.lusterinc.com](https://www.lusterinc.com) |

## Company Profile

公司戰略聚焦機器視覺業務，堅持 “為機器植入眼睛和大腦”，為客戶提供可配置視覺系統、智能視覺裝備與核心視覺器件等高端產品與解決方案。公司堅持以客戶為中心，賦能電子制造、新型顯示、3C 電子、印刷、新能源及文化元宇宙等行業的智能生產 “制造”。公司主要經營活動為機器視覺、工業相機和光通信的研發、生產和銷售。公司主要產品有工業領域產品、元客視界產品、光通信等。公司榮獲 “2022 年福建省科學技術獎”“2023 年中國圖形圖像學會技術發明獎” 等多項榮譽。

## 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**: Electronic Equipment and Instruments

| Metric | Value |
|--------|-------|
| Industry Ranking | 13 / 201 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Blend - Stocks in which the company has both growth and mature businesses.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 20.73% |  |
| Net Profit YoY | -7.51% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 5.12 |  |
| Dividend Ratio | 0.06% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 20.68B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 2.78B |  |


**Multi Score**: B

#### Profit Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 3.19% | C |
| Profit Margin | 4.60% | C |
| Gross Margin | 30.76% | C |

#### Growth Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 20.73% | B |
| Net Profit YoY | -7.51% | C |
| Total Assets YoY | 20.06% | A |
| Net Assets YoY | 1.50% | C |

#### Cash Score: A

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 2174.06% | A |
| OCF YoY | 20.73% | B |

#### Operating Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.50 | C |

#### Debt Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 32.98% | B |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 凌雲光技術股份有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "3.19%",
          "rating": "C"
        },
        {
          "name": "Profit Margin",
          "value": "4.60%",
          "rating": "C"
        },
        {
          "name": "Gross Margin",
          "value": "30.76%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "B",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "20.73%",
          "rating": "B"
        },
        {
          "name": "Net Profit YoY",
          "value": "-7.51%",
          "rating": "C"
        },
        {
          "name": "Total Assets YoY",
          "value": "20.06%",
          "rating": "A"
        },
        {
          "name": "Net Assets YoY",
          "value": "1.50%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "A",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "2174.06%",
          "rating": "A"
        },
        {
          "name": "OCF YoY",
          "value": "20.73%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "C",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.50",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "B",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "32.98%",
          "rating": "B"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 工業富聯 (SH.601138) | B | A | A | D | A | B |
| 02 | 環旭電子 (SH.601231) | C | C | A | C | B | B |
| 03 | 歌爾股份 (SZ.002241) | C | B | A | D | B | B |
| 04 | 華工科技 (SZ.000988) | B | B | B | C | B | B |
| 05 | 高德紅外 (SZ.002414) | C | A | C | B | A | B |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 161.85 | 121/203 | 159.21 | 127.36 | 97.76 |
| PB | 5.12 | 133/203 | 4.84 | 4.22 | 3.30 |
| PS (TTM) | 7.44 | 108/203 | 7.41 | 6.63 | 5.31 |
| Dividend Yield | 0.06% | 138/203 | 0.17% | 0.07% | 0.06% |

## Institutional View

### Analyst Rating Distribution

> As of 2025-12-21T16:00:00.000Z

Total Analysts: **3**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 1 | 33% |
| Overweight | 0 | 0% |
| Hold | 1 | 33% |
| Underweight | 0 | 0% |
| Sell | 0 | 0% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 44.85 |
| Highest Target | 56.00 |
| Lowest Target | 26.40 |

## References

- [Company Overview](https://longbridge.com/en/quote/688400.SH/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/688400.SH/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/688400.SH/topics.md) - Community topics and discussions

---

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