Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

Request Deep Dive(50 Feathers)

688200.SS

BUYAPPROVE

Beijing Huafeng Test & Control Technology Co.,Ltd. · Technology · China · $12.1B · Avg Vol: $388M/d

75
StockRank
Q
73
V
15
M
76
P/E (TTM)
106.0x
ROE
14.5%
D/E
0.0x
Dividend %
0.3%
AI CONVICTION THESIS

Beijing Huafeng Test & Control is a high-quality (Q: 72) semiconductor testing equipment specialist. As advanced packaging (CoWoS) scales, testing complexity and volume grow exponentially. Huafeng's leading position in analog and mixed-signal testing equipment gives it a massive structural tailwind as China localizes its semiconductor supply chain. This is a highly profitable, asset-light business with a deep technological moat.

COMPANY DESCRIPTION

Beijing Huafeng Test & Control Technology Co., Ltd. designs and manufactures semiconductor test equipment, specializing in analog and mixed-signal integrated circuit test systems. Its competitive moat is established by its dominant domestic market share in analog IC testing, successfully challenging international giants like Teradyne. The company is a market leader in China's semiconductor ATE industry, currently expanding into GaN/SiC power semiconductor testing.

FINANCIAL SUMMARY (USD)

Year2022202320242025CAGR
Revenue158.2M102.1M133.8M199.0M7.9%
EPS0.580.270.370.590.4%
Shares134.8M135.4M135.4M135.5M+0.6%
Debt0.8M0.5M2.2M3.5M64.0%
Equity463.9M492.5M527.6M602.7M9.1%
Op CF58.2M47.5M27.8M45.0M-8.2%
Inv CF-41.6M-37.4M11.4M-7.5M
Fin CF-16.5M-15.2M-18.1M-14.7M
Loading...
PRICE (1Y)+15.1%
44.0450.6957.3463.9970.64May 14Jun 4Jun 25
SMA 50SMA 200
Close
$67.55
RSI (14)
87.8
52W High
$68.71
From 52W High
1.0%

SCORE BREAKDOWN

Quality
73
ROIC
13.9%74.8
ROE
14.5%73.5
GP/Assets
23.4%57.9
Op. Margin
24.6%88.2
FCF/Assets
-1.6%32.8
Piotroski
658.4
Int. Cover
50.0x84.5
D/E Ratio
0.01x93.3
Current Ratio
12.95x97.7
Value
15
P/E (TTM)
106.0x18.2
EV/EBITDA
106.0x9.9
P/FCF
N/A
P/B
14.2x9.4
P/S
42.2x3.8
Div Yield
0.3%17.1
Momentum
76
52W High %
98%93.8
RS 6M
271%94.8
SMA 50/200
1.54x87.7
EPS Rev 4W
N/A
EPS Rev 12W
N/A
EPS Improve
+17%20.2
Q Growth
52%68.2

FUNDAMENTALS

Market Cap
$12.1B
P/E (Forward)
90.7x
Gross Margin
73.8%

SECTOR PEERS

Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of 688200.SS are excluded.

TickerCompanyMkt CapStockRankSignal
688200.SSBeijing Huafeng Test & Control Technology Co.,Ltd.(you)$12.1B75BUY
688313.SSHenan Shijia Photons Technology Co., Ltd.$12.2B65BUY
000100.SZTCL Technology Group Corporation$15.3B85STRONG BUY
688019.SSAnji Microelectronics Technology (Shanghai) Co., Ltd.$8.6B67BUY
002409.SZJiangsu Yoke Technology Co., Ltd.$11.6B61HOLD
603806.SSHangzhou First Applied Material Co., Ltd.$6.7B70BUY
688127.SSZhejiang Lante Optics Co., Ltd.$5.2B80STRONG BUY
688120.SSHwatsing Technology Co., Ltd.$17.2B59HOLD
605111.SSWuxi NCE Power Co.,Ltd.$4.6B69BUY
300604.SZHangzhou Changchuan Technology Co.,Ltd$25.2B64HOLD

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

Beijing Huafeng Test & Control Technology Co.,Ltd. (688200.SS) — Stock Score Summary

Beijing Huafeng Test & Control Technology Co.,Ltd. (688200.SS) has a MoatMap StockRank of 75/100 based on Quality (73/100), Value (15/100), and Momentum (76/100) factor scores. The current signal is BUY. Beijing Huafeng Test & Control is a high-quality (Q: 72) semiconductor testing equipment specialist. As advanced packaging (CoWoS) scales, testing complexity and volume grow exponentially. Huafeng's leading position in analog and mixed-signal testing equipment gives it a massive structural tailwind as China localizes its semiconductor supply chain. This is a highly profitable, asset-light business with a deep technological moat.

Beijing Huafeng Test & Control Technology Co., Ltd. designs and manufactures semiconductor test equipment, specializing in analog and mixed-signal integrated circuit test systems. Its competitive moat is established by its dominant domestic market share in analog IC testing, successfully challenging international giants like Teradyne. The company is a market leader in China's semiconductor ATE industry, currently expanding into GaN/SiC power semiconductor testing.

Key Financial Metrics

Price$67.55
Market Cap$12.1B
P/E (TTM)105.95
P/E (Forward)90.70
Price/Book14.21
Return on Equity14.5%
Return on Invested Capital13.9%
Debt/Equity0.53
Gross Margin73.8%
Operating Margin24.6%
Revenue Growth37.5%
Dividend Yield0.3%
Free Cash Flow$-2M

Beijing Huafeng Test & Control Technology Co.,Ltd. operates in the Semiconductor Equipment & Materials industry, part of the Technology sector (China).

Frequently Asked Questions

What is Beijing Huafeng Test & Control Technology Co.,Ltd.’s (688200.SS) StockRank?
MoatMap’s StockRank for Beijing Huafeng Test & Control Technology Co.,Ltd. (688200.SS) is 75/100, with a Buy signal. It is a composite of Quality (73), Value (15), and Momentum (76) factor ranks across MoatMap’s 20,000+ stock universe.
Does Beijing Huafeng Test & Control Technology Co.,Ltd. have an economic moat?
Beijing Huafeng Test & Control Technology Co.,Ltd. (688200.SS) has a Quality factor score of 73/100. 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 Beijing Huafeng Test & Control Technology Co.,Ltd. a buy, hold, or sell?
MoatMap’s current signal for Beijing Huafeng Test & Control Technology Co.,Ltd. (688200.SS) is Buy, based on a StockRank of 75/100. 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 Beijing Huafeng Test & Control Technology Co.,Ltd. in?
Beijing Huafeng Test & Control Technology Co.,Ltd. (688200.SS) operates in the Technology sector, specifically the Semiconductor Equipment & Materials industry (China).