What is Hangzhou Changchuan Technology Co.,Ltd's (300604.SZ) StockRank?

MoatMap's StockRank for Hangzhou Changchuan Technology Co.,Ltd (300604.SZ) is 64/100, with a Hold signal. This is a composite score combining Quality (62), Value (13), and Momentum (78) factor ranks across MoatMap's 20,000+ stock universe.

Does Hangzhou Changchuan Technology Co.,Ltd have an economic moat?

Hangzhou Changchuan Technology Co.,Ltd (300604.SZ) has a Quality factor score of 62/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Hangzhou Changchuan Technology Co.,Ltd a buy, hold, or sell?

MoatMap's current signal for Hangzhou Changchuan Technology Co.,Ltd (300604.SZ) is Hold, based on a StockRank of 64/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is Hangzhou Changchuan Technology Co.,Ltd in?

Hangzhou Changchuan Technology Co.,Ltd (300604.SZ) operates in the Technology sector, specifically the Semiconductor Equipment & Materials industry (China).

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300604.SZ

HOLDFLAG

Hangzhou Changchuan Technology Co.,Ltd · Technology · China · $25.2B · Avg Vol: $1.5B/d

StockRank

P/E (TTM)

94.4x

ROE

33.4%

D/E

0.4x

Dividend %

0.0%

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

Changchuan is a leading Chinese semiconductor testing equipment manufacturer, benefiting directly from China's aggressive localization of the semiconductor supply chain and advanced packaging capacity. As domestic packaging firms scale up CoWoS-like capabilities, demand for advanced testing is surging. However, geopolitical export controls and high domestic competition present meaningful near-term volatility risks.

COMPANY DESCRIPTION

Hangzhou Changchuan Technology Co., Ltd. designs and manufactures semiconductor testing equipment, including analog and mixed-signal test systems and IC sorters. The company's competitive moat lies in its high-precision testing technologies and successful import-substitution track record in China's semiconductor packaging and testing industry. It is a critical player in China's domestic semiconductor supply chain, supported by national chip self-sufficiency initiatives.

FINANCIAL SUMMARY (USD)

Year	2022	2023	2024	2025	CAGR
Revenue	380.7M	262.3M	538.1M	782.0M	27.1%
EPS	0.11	0.01	0.11	0.31	40.2%
Shares	604.3M	623.2M	626.8M	634.4M	+5.0%
Debt	44.3M	161.0M	219.2M	321.1M	93.5%
Equity	336.5M	425.4M	486.7M	699.6M	27.6%
Op CF	18.3M	-110.0M	92.4M	83.1M	65.7%
Inv CF	-61.4M	-0.2M	-61.3M	-76.1M	—
Fin CF	15.0M	140.6M	-5.5M	135.8M	—

PRICE (1Y)+35.5%

SMA 50SMA 200

$45.67

RSI (14)

79.6

52W High

$46.49

From 52W High

1.0%

SCORE BREAKDOWN

Quality

ROIC

21.0%87.9

ROE

33.4%92.9

GP/Assets

28.8%67.1

Op. Margin

27.8%90.9

FCF/Assets

-9.4%13.9

Piotroski

537.3

Int. Cover

26.0x62.1

D/E Ratio

0.42x34.9

Current Ratio

2.06x52.5

Value

P/E (TTM)

94.4x20.6

EV/EBITDA

81.8x12.9

P/FCF

—N/A

P/B

28.7x3.0

P/S

25.1x7.1

Div Yield

0.0%2.1

Momentum

52W High %

98%96.2

RS 6M

239%94.6

SMA 50/200

1.62x91.4

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

-46%4.4

Q Growth

218%88.0

FUNDAMENTALS

Market Cap

$25.2B

P/E (Forward)

173.9x

Gross Margin

53.4%

SECTOR PEERS

Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of 300604.SZ are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
300604.SZ	Hangzhou Changchuan Technology Co.,Ltd(you)	$25.2B	64	HOLD
688120.SS	Hwatsing Technology Co., Ltd.	$17.2B	59	HOLD
688313.SS	Henan Shijia Photons Technology Co., Ltd.	$12.2B	65	BUY
688012.SS	Advanced Micro-Fabrication Equipment Inc. China	$51.6B	63	HOLD
688072.SS	Piotech Inc.	$31.2B	51	HOLD
002409.SZ	Jiangsu Yoke Technology Co., Ltd.	$11.6B	61	HOLD
688019.SS	Anji Microelectronics Technology (Shanghai) Co., Ltd.	$8.6B	67	BUY
688082.SS	ACM Research (Shanghai), Inc.	$26.8B	40	HOLD
688200.SS	Beijing Huafeng Test & Control Technology Co.,Ltd.	$12.1B	75	BUY
600667.SS	Wuxi Taiji Industry Limited Corporation	$7.0B	60	HOLD

Peer medians: ROE 3.9% · P/E 77.3x · Gross margin 25.9%

Hangzhou Changchuan Technology Co.,Ltd (300604.SZ) — Stock Score Summary

Hangzhou Changchuan Technology Co.,Ltd (300604.SZ) has a MoatMap StockRank of 64/100 based on Quality (62/100), Value (13/100), and Momentum (78/100) factor scores. The current signal is HOLD. Changchuan is a leading Chinese semiconductor testing equipment manufacturer, benefiting directly from China's aggressive localization of the semiconductor supply chain and advanced packaging capacity. As domestic packaging firms scale up CoWoS-like capabilities, demand for advanced testing is surging. However, geopolitical export controls and high domestic competition present meaningful near-term volatility risks.

Key Financial Metrics

Price	$45.67
Market Cap	$25.2B
P/E (TTM)	94.42
P/E (Forward)	173.94
Price/Book	28.74
Return on Equity	33.4%
Return on Invested Capital	21.0%
Debt/Equity	42.09
Gross Margin	53.4%
Operating Margin	27.8%
Revenue Growth	69.1%
Dividend Yield	0.0%
Free Cash Flow	$-22M

Hangzhou Changchuan Technology Co.,Ltd operates in the Semiconductor Equipment & Materials industry, part of the Technology sector (China).

Frequently Asked Questions

What is Hangzhou Changchuan Technology Co.,Ltd’s (300604.SZ) StockRank?: MoatMap’s StockRank for Hangzhou Changchuan Technology Co.,Ltd (300604.SZ) is 64/100, with a Hold signal. It is a composite of Quality (62), Value (13), and Momentum (78) factor ranks across MoatMap’s 20,000+ stock universe.
Does Hangzhou Changchuan Technology Co.,Ltd have an economic moat?: Hangzhou Changchuan Technology Co.,Ltd (300604.SZ) has a Quality factor score of 62/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Hangzhou Changchuan Technology Co.,Ltd a buy, hold, or sell?: MoatMap’s current signal for Hangzhou Changchuan Technology Co.,Ltd (300604.SZ) is Hold, based on a StockRank of 64/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Hangzhou Changchuan Technology Co.,Ltd in?: Hangzhou Changchuan Technology Co.,Ltd (300604.SZ) operates in the Technology sector, specifically the Semiconductor Equipment & Materials industry (China).