688120 logo

Hwatsing Technology
688120

Last Price

Financial Snapshot

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Market Data

Market Cap
CN¥65.50B
EV
CN¥61.77B
Shares Outstanding
352.89M
Beta
0.24
Industry
-

Wall Street View

Analyst Rating
BUY
Analyst Target Price
Number of Analysts
4
P/E 2025E
55.71x
P/Revenue 2025E
14.20x

Historical 3Y Growth Rate

Revenue
EPS
Operating Cash Flow
Free Cash Flow

Forecasted 3Y Growth Rate

Revenue
EPS
Operating Cash Flow
Free Cash Flow

Margins & Returns

Gross Margin 2025E
43.60%
Net Profit Margin 2025E
25.49%
ROE 2025E
16.15%
ROCE 2024
17.07%

Dividends

DPS 2025E
CN¥0.44
Payout Ratio 2025E
13.21%
Div. Yield 2025E
0.24%
DPS Last 3Y CAGR

Price Dynamic

Price

%

1M

3M

6M

1Y

3Y

5Y

Peers

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About Hwatsing Technology Co., Ltd.

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688120 logo

Hwatsing Technology Co., Ltd.

688120

Hwatsing Technology Co., Ltd. manufactures semiconductor equipment products in China. The company offers chemical mechanical polishers, implanters, grinders, bevel polishers, dicers, wet process and film metrology equipment, wafer regeneration and reclaim services, an...

Sector

Industry

CEO

Zhang, Guoming

Employees

1,917

IPO Date

Headquarters

No. 11, Juxing Road, Xianshuigu Town, Jinnan District, Tianjin 300350, China

📊 Stock Price & Performance

The last closing price of Hwatsing Technology (688120) is CN¥185.61, reflecting a +1.38% change from the prior session. Last updated: February 15, 2026 at 5:45 PM Eastern Time

Review of Recent 688120 Stock Performance trends:Past 3 Months: The stock recorded a change of -15.98%. Last updated: February 15, 2026 at 5:45 PM Eastern Time

Over the last year, Hwatsing Technology (688120) has established a 52-week price range between a high of CN¥202.00 and a low of CN¥99.13. This metric is essential for assessing the stock's annual volatility. Last updated: February 15, 2026 at 5:45 PM Eastern Time

Hwatsing Technology (688120) is considered a low volatility stock. It has a beta of 0.24, which means it typically moves 0.24 times as much as the broader market. Over the past 52 weeks, 688120 has traded within a CN¥99.13 – CN¥202.00 range. Last updated: February 15, 2026 at 5:45 PM Eastern Time

Based on current 688120 analyst forecasts, the consensus price target for Hwatsing Technology (688120) is CN¥180.09 for 2027. Relative to the current price of CN¥185.61, this implies a potential downside of -2.98%. Price targets reflect forward-looking estimates based on information available at the time and are inherently subject to change as underlying assumptions, company fundamentals, or market conditions evolve. Last updated: February 15, 2026 at 5:45 PM Eastern Time

💰 Financial Metrics & Reports

The current Hwatsing Technology (688120) market capitalization is approximately CN¥65.50B, based on its latest share price and shares outstanding. Market capitalization represents the total market value of a company's equity and is calculated by multiplying the current stock price by the number of shares outstanding. As a result, Hwatsing Technology's market cap fluctuates with changes in its share price and share count. Last updated: February 15, 2026 at 5:45 PM Eastern Time

In the most recently reported quarter, Hwatsing Technology (688120) generated CN¥1.24B in revenue, representing a +30.28% year over year change. For the next quarter, analyst consensus currently expects revenue of approximately CN¥1.51B, implying an expected +58.60% year over year change. Quarterly revenue results and expectations reflect underlying demand trends, pricing dynamics, product or service mix, seasonality, and broader macroeconomic conditions. Actual results may differ from consensus estimates as new information becomes available. Last updated: February 15, 2026 at 5:40 AM Eastern Time

In the most recently reported fiscal year, Hwatsing Technology (688120) generated net income of CN¥1.02B, compared with CN¥727.29M in the prior fiscal year, representing a +40.31% year over year change. For the upcoming fiscal year, analyst consensus currently estimates net income of CN¥1.18B. Net income may be positive or negative and can fluctuate materially from year to year due to changes in operating performance, non-recurring or one-time items, accounting treatments, capital structure, and broader macroeconomic conditions. Last updated: February 15, 2026 at 5:40 AM Eastern Time

According to its latest quarterly filing, Hwatsing Technology (688120) reported EBITDA of CN¥350.85M, representing a -11.20% year over year change. For the upcoming quarter, analyst consensus currently expects EBITDA of CN¥422.15M, reflecting assumptions around revenue trends, operating costs, scale efficiencies, and margin dynamics. EBITDA is a non-GAAP measure and does not account for depreciation, amortization, interest expense, taxes, or capital expenditures. As a result, it should be considered alongside other financial metrics when assessing operating performance. Actual results may differ from estimates as company-specific or macroeconomic conditions evolve. Last updated: February 15, 2026 at 5:40 AM Eastern Time

As of the most recent reporting period, the company's debt-to-equity ratio stands at 0.06x, calculated as total debt divided by total shareholders' equity. A lower debt-to-equity ratio generally indicates a more conservative capital structure with less reliance on external borrowing, while a higher ratio suggests greater financial leverage and potentially higher sensitivity to interest rates, refinancing conditions, and earnings volatility. The debt-to-equity ratio should be interpreted in the context of the company's industry, business model, cash flow stability, and balance sheet composition. Last updated: February 15, 2026 at 5:40 AM Eastern Time

Based on the latest available data, Hwatsing Technology (688120) is currently trading at a last twelve months (LTM) P/E ratio of 52.89x. Looking forward, the stock trades at a next twelve months (NTM) P/E ratio of 40.00x, based on consensus earnings estimates. The P/E ratio reflects how much investors are willing to pay today for a dollar of earnings and can vary meaningfully over time due to changes in profitability, growth expectations, margin outlook, and earnings volatility. Last updated: February 15, 2026 at 5:45 PM Eastern Time

📅 Earnings & Dividends

In the most recently reported quarter, Hwatsing Technology (688120) revenue was CN¥1.24B, compared with analyst consensus expectations of CN¥1.22B, representing a +1.62% revenue surprise versus expectations. Earnings per share (EPS) for the quarter were CN¥0.81, compared with consensus estimates of CN¥1.03, resulting in an -21.36% EPS surprise. Revenue and EPS surprises may be positive or negative and can influence near-term stock performance depending on expectations, forward guidance, and broader market and sector conditions. For a detailed history of analyst expectations versus reported results, view the full estimates vs. actuals track record here: 👉 Estimates vs. Actuals Last updated: February 15, 2026 at 5:40 AM Eastern Time

Hwatsing Technology (688120) does not currently pay a dividend. Over the last twelve months (LTM), the company paid CN¥0.00 per share in dividends, and no dividend payments are currently expected over the next twelve months (NTM). Companies that do not pay dividends typically prioritize reinvesting cash into growth initiatives, capital expenditures, debt reduction, or strategic investments, though dividend policy may change in the future. Last updated: February 15, 2026 at 5:40 AM Eastern Time

📈 Analyst Information

Analyst assessments of whether Hwatsing Technology (688120) consensus price target is overvalued or undervalued are generally expressed relative to consensus valuation frameworks and price targets, rather than as an absolute judgment.Current share price: CN¥185.61Consensus price target: CN¥180.09Implied return: -2.98% An implied return above current levels indicates that, on average, analysts view the stock as trading below their estimated fair value. Conversely, an implied return below current levels suggests the stock may be fully valued or priced above consensus expectations. This content is for informational purposes only and does not constitute investment advice. Last updated: February 15, 2026 at 5:45 PM Eastern Time

Based on the latest available analyst coverage, Hwatsing Technology (688120) currently carries a Buy consensus rating. Analysts' average 688120 price target is CN¥180.09. Relative to the current share price of CN¥185.61, this suggests a potential price change of approximately -2.98%. Analyst views are forward-looking estimates and should not be considered investment advice. Last updated: February 15, 2026 at 5:45 PM Eastern Time

Like other publicly traded stocks, Hwatsing Technology (688120) shares are bought and sold on stock exchanges such as SHSE and other supported markets, depending on the listing. The most common way to buy shares is through an online brokerage account. To get started, you typically need to: Open an account with a licensed stock brokerComplete the broker's verification processFund your accountPlace a buy order for Hwatsing Technology (688120) shares Trading involves risk, and investors should consider their financial objectives and risk tolerance before investing.

ℹ️ Company Information

At the top right of this page, you'll see a star icon labeled Add to watchlist. Click it to add 688120 to your watchlist.

Hwatsing Technology trades under the ticker symbol 688120 on the SHSE stock exchange. The ticker 688120 is used to identify the company's common stock across trading platforms, market data providers, and regulatory filings.

As of the most recently reported period, Hwatsing Technology (688120) employs approximately 1,917 people worldwide. Reported employee figures may fluctuate over time due to hiring activity, restructuring, automation initiatives, or changes in business strategy. Headcount data is typically disclosed in company filings and reflects full-time employees unless otherwise stated. Last updated: February 15, 2026 at 5:45 PM Eastern Time

Hwatsing Technology (688120) operates in a highly competitive market with companies that often have different business models, geographic exposure, and end markets. While no two companies are identical, the following firms are generally considered the closest Hwatsing Technology (688120) stock peers based on overlapping products, services, and competitive dynamics:Beijing E-Town Semiconductor Technology (688729)Piotech (688072)Montage Technology (688008)Veeco Instruments (VECO)AIXTRON (AIXA)Advanced Micro-Fabrication Equipment Inc. China (688012)NAURA Technology Group (002371)ACM Research (ACMR)Anji Microelectronics Technology (Shanghai) (688019) These peers may differ in size, business mix, financial profile, and strategic focus, but they are commonly referenced due to overlapping markets, customer segments, or competitive positioning relative to Hwatsing Technology.

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Market data is sourced from S&P Global Market Intelligence. All insights and analysis are developed by Gainify. Copyright © 2026, S&P Global Market Intelligence. All rights reserved.

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