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CHTC Fong's International Co (HKSE:00641) Piotroski F-Score : 6 (As of Jul. 23, 2025)


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What is CHTC Fong's International Co Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

CHTC Fong's International Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for CHTC Fong's International Co's Piotroski F-Score or its related term are showing as below:

HKSE:00641' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of CHTC Fong's International Co was 7. The lowest was 3. And the median was 5.


CHTC Fong's International Co Piotroski F-Score Historical Data

The historical data trend for CHTC Fong's International Co's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CHTC Fong's International Co Piotroski F-Score Chart

CHTC Fong's International Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 7.00 4.00 4.00 6.00

CHTC Fong's International Co Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 - 4.00 - 6.00

Competitive Comparison of CHTC Fong's International Co's Piotroski F-Score

For the Specialty Industrial Machinery subindustry, CHTC Fong's International Co's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CHTC Fong's International Co's Piotroski F-Score Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CHTC Fong's International Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where CHTC Fong's International Co's Piotroski F-Score falls into.


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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was HK$-118 Mil.
Cash Flow from Operations was HK$165 Mil.
Revenue was HK$1,968 Mil.
Gross Profit was HK$497 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was (3449.021 + 3332.881) / 2 = HK$3390.951 Mil.
Total Assets at the begining of this year (Dec23) was HK$3,449 Mil.
Long-Term Debt & Capital Lease Obligation was HK$304 Mil.
Total Current Assets was HK$1,171 Mil.
Total Current Liabilities was HK$1,971 Mil.
Net Income was HK$-239 Mil.

Revenue was HK$1,740 Mil.
Gross Profit was HK$490 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was (3964.398 + 3449.021) / 2 = HK$3706.7095 Mil.
Total Assets at the begining of last year (Dec22) was HK$3,964 Mil.
Long-Term Debt & Capital Lease Obligation was HK$86 Mil.
Total Current Assets was HK$1,220 Mil.
Total Current Liabilities was HK$2,162 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

CHTC Fong's International Co's current Net Income (TTM) was -118. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

CHTC Fong's International Co's current Cash Flow from Operations (TTM) was 165. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec23)
=-118.42/3449.021
=-0.03433438

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-238.623/3964.398
=-0.06019148

CHTC Fong's International Co's return on assets of this year was -0.03433438. CHTC Fong's International Co's return on assets of last year was -0.06019148. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

CHTC Fong's International Co's current Net Income (TTM) was -118. CHTC Fong's International Co's current Cash Flow from Operations (TTM) was 165. ==> 165 > -118 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=303.524/3390.951
=0.08950999

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=85.978/3706.7095
=0.02319524

CHTC Fong's International Co's gearing of this year was 0.08950999. CHTC Fong's International Co's gearing of last year was 0.02319524. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Dec24)=Total Current Assets/Total Current Liabilities
=1171.398/1970.913
=0.59434282

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=1220.193/2162.363
=0.56428685

CHTC Fong's International Co's current ratio of this year was 0.59434282. CHTC Fong's International Co's current ratio of last year was 0.56428685. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

CHTC Fong's International Co's number of shares in issue this year was 1100.217. CHTC Fong's International Co's number of shares in issue last year was 1100.217. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=497.262/1968.433
=0.2526182

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=489.572/1740.33
=0.28130987

CHTC Fong's International Co's gross margin of this year was 0.2526182. CHTC Fong's International Co's gross margin of last year was 0.28130987. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec23)
=1968.433/3449.021
=0.57072224

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1740.33/3964.398
=0.43898973

CHTC Fong's International Co's asset turnover of this year was 0.57072224. CHTC Fong's International Co's asset turnover of last year was 0.43898973. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+1+1+1+0+1+1+0+1
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

CHTC Fong's International Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

CHTC Fong's International Co  (HKSE:00641) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


CHTC Fong's International Co Piotroski F-Score Related Terms

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CHTC Fong's International Co Business Description

Traded in Other Exchanges
N/A
Address
1018 Tai Nan West Street, Units 2201 & 2203, Orient International Tower, Cheung Sha Wan, Hong Kong, HKG
CHTC Fong's International Co Ltd is engaged in the manufacture and sale of dyeing and finishing machines, manufacture and sale of stainless-steel casting products and trading of stainless-steel supplies. The company's segment includes Manufacture and sale of dyeing and finishing machines; Manufacture and sale of stainless-steel casting products, and Trading of stainless-steel supplies. Majority of the revenue is derived from manufacture and sale of dyeing and finishing machines. The group's operations are located mainly in Hong Kong, Mainland China and Germany along with Asia Pacific (other than Mainland China and Hong Kong), Europe, North and South America, and Others.
Executives
China Hi-tech Holding Company Limited 2201 Interest of corporation controlled by you
Zhong Guo Ji Xie Gong Ye Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Zhong Guo Heng Tian Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
East Asia International Trustees Limited 2201 Interest of corporation controlled by you
Black Jambhala Company Limited 2101 Beneficial owner
Fong Sou Lam 2307 Founder of a discretionary trust who can infl
Fong Kwok Leung Kevin 2305 Beneficiary of a trust

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