---
title: "常州时创能源股份有限公司 (688429.SH)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/688429.SH.md"
symbol: "688429.SH"
name: "常州时创能源股份有限公司"
industry: "半导体材料与设备"
---

# 常州时创能源股份有限公司 (688429.SH)

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

## Company Profile

公司创立于 2009 年，时创是一家由浙江大学硅材料国家重点实验室毕业的博士团队创立的高科技企业，以研发为主导，利用自身强大的技术实力致力解决当今中国 “低碳环保” 所面临的诸多挑战。公司主要业务包括光伏湿制程辅助品、光伏设备和光伏电池三大板块。主要产品：制绒辅助品、抛光辅助品、清洗辅助品、刻蚀辅助品、体缺陷钝化设备、链式退火设备、界面钝化设备、吸杂设备、半片电池等。

## 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: 2026-02-21T04:30:10.000Z

**Overall: D (0.63)**

**Industry**: Semiconductor Materials and Equipment

| Metric | Value |
|--------|-------|
| Industry Ranking | 54 / 58 |
| 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 | 14.34% |  |
| Net Profit YoY | 21.83% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 4.43 |  |
| Dividend Ratio | 0.00% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 6.40B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 958.73M |  |


**Multi Score**: D

#### Profit Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | -24.02% | E |
| Profit Margin | -40.68% | E |
| Gross Margin | 11.57% | D |

#### Growth Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 14.34% | B |
| Net Profit YoY | 21.83% | B |
| Total Assets YoY | 41.16% | A |
| Net Assets YoY | -19.87% | E |

#### Cash Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | -245.81% | D |
| OCF YoY | 14.34% | B |

#### Operating Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.24 | D |

#### Debt Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 68.78% | D |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 常州时创能源股份有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "E",
      "indicators": [
        {
          "name": "ROE",
          "value": "-24.02%",
          "rating": "E"
        },
        {
          "name": "Profit Margin",
          "value": "-40.68%",
          "rating": "E"
        },
        {
          "name": "Gross Margin",
          "value": "11.57%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "B",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "14.34%",
          "rating": "B"
        },
        {
          "name": "Net Profit YoY",
          "value": "21.83%",
          "rating": "B"
        },
        {
          "name": "Total Assets YoY",
          "value": "41.16%",
          "rating": "A"
        },
        {
          "name": "Net Assets YoY",
          "value": "-19.87%",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "C",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "-245.81%",
          "rating": "D"
        },
        {
          "name": "OCF YoY",
          "value": "14.34%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "D",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.24",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "D",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "68.78%",
          "rating": "D"
        }
      ]
    }
  ]
}
```

### 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) | -16.41 | 50/65 | - | - | - |
| PB | 4.43 | 22/65 | 4.19 | 3.82 | 3.59 |
| PS (TTM) | 6.68 | 21/65 | 7.71 | 7.10 | 6.23 |
| Dividend Yield | 0.00% | - | 0.34% | 0.32% | 0.29% |

## References

- [Company Overview](https://longbridge.com/en/quote/688429.SH/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/688429.SH/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/688429.SH/topics.md) - Community topics and discussions

---

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