---
title: "合肥新汇成微电子股份有限公司 (688403.SH)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/688403.SH.md"
symbol: "688403.SH"
name: "合肥新汇成微电子股份有限公司"
industry: "半导体厂商"
---

# 合肥新汇成微电子股份有限公司 (688403.SH)

| Item | Detail |
|------|--------|
| Industry | 半导体厂商 |
| Location | 沪深市场 |
| Website | [www.unionsemicon.com.cn](https://www.unionsemicon.com.cn) |

## Company Profile

公司是集成电路高端先进封装测试服务商，目前聚焦于显示驱动芯片领域，具有领先的行业地位。公司是中国境内最早具备金凸块制造能力及最早导入 12 吋晶圆金凸块产线并实现量产的显示驱动芯片先进封测企业之一，具备 8 吋及 12 吋晶圆全制程封装测试能力。公司主营集成电路高端先进封装测试服务。主要产品为 LCD 面板显示驱动芯片 (DDI)、触控与显示驱动集成芯片 (TDDI)、AMOLED 面板显示驱动芯片。全球领先的显示驱动 IC 设计公司联咏科技颁发的最佳品质供应商等荣誉。

## 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: 2026-02-17T04:30:08.000Z

**Overall: B (0.36)**

**Industry**: Semiconductors

| Metric | Value |
|--------|-------|
| Industry Ranking | 44 / 163 |
| 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 | 22.17% |  |
| Net Profit YoY | 18.36% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 4.63 |  |
| Dividend Ratio | 0.48% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 16.35B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 1.73B |  |


**Multi Score**: B

#### Profit Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 5.54% | C |
| Profit Margin | 10.61% | B |
| Gross Margin | 22.92% | D |

#### Growth Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 22.17% | A |
| Net Profit YoY | 18.36% | B |
| Total Assets YoY | 6.50% | B |
| Net Assets YoY | 10.67% | B |

#### Cash Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 942.47% | B |
| OCF YoY | 22.17% | A |

#### Operating Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.37 | C |

#### Debt Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 28.25% | B |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 合肥新汇成微电子股份有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "5.54%",
          "rating": "C"
        },
        {
          "name": "Profit Margin",
          "value": "10.61%",
          "rating": "B"
        },
        {
          "name": "Gross Margin",
          "value": "22.92%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "B",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "22.17%",
          "rating": "A"
        },
        {
          "name": "Net Profit YoY",
          "value": "18.36%",
          "rating": "B"
        },
        {
          "name": "Total Assets YoY",
          "value": "6.50%",
          "rating": "B"
        },
        {
          "name": "Net Assets YoY",
          "value": "10.67%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "B",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "942.47%",
          "rating": "B"
        },
        {
          "name": "OCF YoY",
          "value": "22.17%",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "C",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.37",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "B",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "28.25%",
          "rating": "B"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 寒武纪-U (SH.688256) | A | A | B | A | B | A |
| 02 | 瑞芯微 (SH.603893) | A | A | A | A | B | A |
| 03 | 海光信息 (SH.688041) | B | A | C | B | B | B |
| 04 | 兆易创新 (SH.603986) | B | A | C | A | B | B |
| 05 | 澜起科技 (SH.688008) | A | A | C | A | B | B |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 89.23 | 50/170 | 78.23 | 56.32 | 47.14 |
| PB | 4.63 | 70/170 | 4.29 | 3.36 | 2.58 |
| PS (TTM) | 9.47 | 91/170 | 8.53 | 6.43 | 5.25 |
| Dividend Yield | 0.48% | 37/170 | 1.01% | 0.73% | 0.54% |

## Institutional View

### Analyst Rating Distribution

> As of 2025-10-29T16:00:00.000Z

Total Analysts: **1**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 1 | 100% |
| Overweight | 0 | 0% |
| Hold | 0 | 0% |
| Underweight | 0 | 0% |
| Sell | 0 | 0% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 18.81 |
| Highest Target | 24.00 |
| Lowest Target | 24.00 |

## References

- [Company Overview](https://longbridge.com/en/quote/688403.SH/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/688403.SH/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/688403.SH/topics.md) - Community topics and discussions

---

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