Xinchen China Power Holdings (HKSE:01148) Piotroski F-Score: 6 (As of Aug. 15, 2026) — 20% Above Median

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HKSE:01148 Xinchen China Power Holdings Ltd HKSE:01148
54 GF Score
Price HK$0.24
GF Value HK$0.25
Valuation Fairly Valued
! 5 Warning Signs
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What is Xinchen China Power Holdings Piotroski F-Score?

Xinchen China Power Holdings HKSE:01148 54 Piotroski F-Score is 6 as of Aug. 15, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates HKSE:01148 with a GF Score™ of 54/100 and a GF Value™ of HK$0.25 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,277 Vehicles & Parts companies, Xinchen China Power Holdings ranks better than 72.2% on this metric.

The zones of discrimination were as such:

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

Xinchen China Power Holdings 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 Xinchen China Power Holdings's Piotroski F-Score or its related term are showing as below:

HKSE:01148' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Xinchen China Power Holdings was 8. The lowest was 4. And the median was 5.

Xinchen China Power Holdings  (HKSE:01148) 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.


Xinchen China Power Holdings Piotroski F-Score Related Terms


Xinchen China Power Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Xinchen China Power Holdings'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.

Xinchen China Power Holdings Piotroski F-Score Chart

Xinchen China Power Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 5.00 8.00 6.00 6.00

Xinchen China Power Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 8.00 0.00 6.00 0.00 6.00

HKSE:01148 vs TSLA, GM, F: Piotroski F-Score Comparison

For the Auto Manufacturers subindustry, Xinchen China Power Holdings'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.


Xinchen China Power Holdings Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Xinchen China Power Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Xinchen China Power Holdings's Piotroski F-Score falls into.


HKSE:01148
54GF Score
Xinchen China Power Holdings Ltd HKSE:01148
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was HK$22 Mil.
Cash Flow from Operations was HK$378 Mil.
Revenue was HK$5,206 Mil.
Gross Profit was HK$206 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (5848.397 + 4257.961) / 2 = HK$5053.179 Mil.
Total Assets at the begining of this year (Dec24) was HK$5,848 Mil.
Long-Term Debt & Capital Lease Obligation was HK$260 Mil.
Total Current Assets was HK$1,962 Mil.
Total Current Liabilities was HK$2,043 Mil.
Net Income was HK$41 Mil.

Revenue was HK$6,494 Mil.
Gross Profit was HK$196 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (6016.99 + 5848.397) / 2 = HK$5932.6935 Mil.
Total Assets at the begining of last year (Dec23) was HK$6,017 Mil.
Long-Term Debt & Capital Lease Obligation was HK$448 Mil.
Total Current Assets was HK$3,448 Mil.
Total Current Liabilities was HK$3,516 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.

Xinchen China Power Holdings's current Net Income (TTM) was 22. ==> Positive ==> Score 1.

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.

Xinchen China Power Holdings's current Cash Flow from Operations (TTM) was 378. ==> 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 (Dec24)
=22.268/5848.397
=0.00380754

ROA (Last Year)=Net Income/Total Assets (Dec23)
=40.754/6016.99
=0.00677315

Xinchen China Power Holdings's return on assets of this year was 0.00380754. Xinchen China Power Holdings's return on assets of last year was 0.00677315. ==> Last year is higher ==> Score 0.

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.

Xinchen China Power Holdings's current Net Income (TTM) was 22. Xinchen China Power Holdings's current Cash Flow from Operations (TTM) was 378. ==> 378 > 22 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=259.971/5053.179
=0.05144702

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=448.382/5932.6935
=0.07557815

Xinchen China Power Holdings's gearing of this year was 0.05144702. Xinchen China Power Holdings's gearing of last year was 0.07557815. ==> This year is lower or equal to last year. ==> Score 1.

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: Dec25)=Total Current Assets/Total Current Liabilities
=1962.249/2042.884
=0.96052884

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=3448.269/3515.846
=0.98077931

Xinchen China Power Holdings's current ratio of this year was 0.96052884. Xinchen China Power Holdings's current ratio of last year was 0.98077931. ==> Last year's current ratio is higher ==> Score 0.

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.

Xinchen China Power Holdings's number of shares in issue this year was 1282.212. Xinchen China Power Holdings's number of shares in issue last year was 1282.212. ==> 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
=205.52/5205.796
=0.03947907

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=195.979/6493.999
=0.03017848

Xinchen China Power Holdings's gross margin of this year was 0.03947907. Xinchen China Power Holdings's gross margin of last year was 0.03017848. ==> This year's gross margin is higher. ==> Score 1.

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 (Dec24)
=5205.796/5848.397
=0.89012357

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=6493.999/6016.99
=1.07927701

Xinchen China Power Holdings's asset turnover of this year was 0.89012357. Xinchen China Power Holdings's asset turnover of last year was 1.07927701. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

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

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

Xinchen China Power Holdings has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
Xinchen China Power Holdings (HKSE:01148) has a Piotroski F-Score of 6 as of Aug. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Xinchen China Power Holdings and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Xinchen China Power Holdings' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Xinchen China Power Holdings ranks #355 out of 1277 companies in the Vehicles & Parts industry, placing it in the top 27.8%.
Is Xinchen China Power Holdings' Piotroski F-Score too high?
Xinchen China Power Holdings' current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Xinchen China Power Holdings' value of 6 is 20% above this industry median. Based on the distribution chart, Xinchen China Power Holdings ranks #355 out of 1277 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Xinchen China Power Holdings has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Xinchen China Power Holdings' Piotroski F-Score compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Xinchen China Power Holdings ranks #355 out of 1277 companies for Piotroski F-Score. This puts Xinchen China Power Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Xinchen China Power Holdings' value of 6 is 20% above this benchmark. Historically, Xinchen China Power Holdings' own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Xinchen China Power Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,277 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Xinchen China Power Holdings's current Piotroski F-Score of 6 is 20% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Xinchen China Power Holdings and its competitors. For the Vehicles & Parts industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xinchen China Power Holdings's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xinchen China Power Holdings stock overvalued right now?
Based on GuruFocus' analysis, Xinchen China Power Holdings (HKSE:01148) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.25, compared to a current price of HK$0.24 — trading 3.6% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Vehicles & Parts industry median of 5.00. Xinchen China Power Holdings' overall GF Score™ is 54/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Xinchen China Power Holdings (HKSE:01148), the current Piotroski F-Score is 6 as of Aug. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Xinchen China Power Holdings (HKSE:01148) Overvalued in 2026?

Based on GuruFocus' analysis, Xinchen China Power Holdings stock appears to be undervalued. The current stock price of HK$0.24 is trading 3.6% below its estimated GF Value™ of HK$0.25. GuruFocus considers Xinchen China Power Holdings to be Fairly Valued.

Key valuation signals for HKSE:01148:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: HK$0.25 vs. price of HK$0.24 (3.6% below fair value)
  • GF Score™: 54/100 with 5 warning signs
  • Industry Position: 20% above the Vehicles & Parts median (#355 of 1277)

No single metric tells the full story. See the HKSE:01148 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Xinchen China Power Holdings Business Description

Other Exchanges 4XI:Germany
Address 2 Murray Road, Unit 3303, 33rd Floor, The Henderson, Central, Hong Kong, HKG
Xinchen China Power Holdings Ltd is an investment holding company engaged in the automotive sector. The principal activities of the company and its subsidiaries are the development, manufacture, and sale of automotive engines for passenger vehicles and light duty commercial vehicles, and the manufacture of engine parts and components of passenger vehicles in the PRC. The group operates with three business segments, which include Gasoline Engines, Diesel Engines, and Engine Components. Its product includes 1TZS, Crankshaft, link, CE12, DK4, and others. The business activity of the company functions in China.
54GF Score

Get the complete analysis for HKSE:01148

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.24
Price
HK$0.25
GF Value