XiangXing Technology Holding (HKSE:01732) Piotroski F-Score: 2 (As of Aug. 12, 2026) — 67% Below Median

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HKSE:01732 XiangXing Technology Holding Ltd HKSE:01732
57 GF Score
Price HK$0.22
GF Value HK$0.16
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is XiangXing Technology Holding Piotroski F-Score?

XiangXing Technology Holding HKSE:01732 57 Piotroski F-Score is 2 as of Aug. 12, 2026, which is 67% below its 10-year median of 6.00. GuruFocus rates HKSE:01732 with a GF Score™ of 57/100 and a GF Value™ of HK$0.16 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 980 Transportation companies, XiangXing Technology Holding ranks worse than 96.02% on this metric.

Warning Sign:

Piotroski F-Score of 2 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

XiangXing Technology Holding has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for XiangXing Technology Holding's Piotroski F-Score or its related term are showing as below:

HKSE:01732' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 6
Current: 2

During the past 12 years, the highest Piotroski F-Score of XiangXing Technology Holding was 6. The lowest was 2. And the median was 6.

XiangXing Technology Holding  (HKSE:01732) 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.


XiangXing Technology Holding Piotroski F-Score Related Terms


XiangXing Technology Holding Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for XiangXing Technology Holding'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.

XiangXing Technology Holding Piotroski F-Score Chart

XiangXing Technology Holding 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 5.00 6.00 6.00 2.00 2.00

XiangXing Technology Holding 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 6.00 0.00 2.00 0.00 2.00

HKSE:01732 vs UPS, FDX, JBHT: Piotroski F-Score Comparison

For the Integrated Freight & Logistics subindustry, XiangXing Technology Holding'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.


XiangXing Technology Holding Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, XiangXing Technology Holding's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where XiangXing Technology Holding's Piotroski F-Score falls into.


HKSE:01732
57GF Score
XiangXing Technology Holding Ltd HKSE:01732
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$-5.7 Mil.
Cash Flow from Operations was HK$-3.6 Mil.
Revenue was HK$242.9 Mil.
Gross Profit was HK$48.6 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (241.064 + 270.662) / 2 = HK$255.863 Mil.
Total Assets at the begining of this year (Dec24) was HK$241.1 Mil.
Long-Term Debt & Capital Lease Obligation was HK$9.4 Mil.
Total Current Assets was HK$227.8 Mil.
Total Current Liabilities was HK$41.6 Mil.
Net Income was HK$-5.0 Mil.

Revenue was HK$248.4 Mil.
Gross Profit was HK$46.5 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (242.666 + 241.064) / 2 = HK$241.865 Mil.
Total Assets at the begining of last year (Dec23) was HK$242.7 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.1 Mil.
Total Current Assets was HK$208.6 Mil.
Total Current Liabilities was HK$22.5 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.

XiangXing Technology Holding's current Net Income (TTM) was -5.7. ==> 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.

XiangXing Technology Holding's current Cash Flow from Operations (TTM) was -3.6. ==> Negative ==> Score 0.

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)
=-5.658/241.064
=-0.02347095

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-5.012/242.666
=-0.0206539

XiangXing Technology Holding's return on assets of this year was -0.02347095. XiangXing Technology Holding's return on assets of last year was -0.0206539. ==> 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.

XiangXing Technology Holding's current Net Income (TTM) was -5.7. XiangXing Technology Holding's current Cash Flow from Operations (TTM) was -3.6. ==> -3.6 > -5.7 ==> 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
=9.407/255.863
=0.03676577

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.132/241.865
=0.00054576

XiangXing Technology Holding's gearing of this year was 0.03676577. XiangXing Technology Holding's gearing of last year was 0.00054576. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=227.8/41.6
=5.47596154

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=208.591/22.482
=9.27813362

XiangXing Technology Holding's current ratio of this year was 5.47596154. XiangXing Technology Holding's current ratio of last year was 9.27813362. ==> 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.

XiangXing Technology Holding's number of shares in issue this year was 1280. XiangXing Technology Holding's number of shares in issue last year was 1243.934. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=48.581/242.873
=0.20002635

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=46.546/248.423
=0.1873659

XiangXing Technology Holding's gross margin of this year was 0.20002635. XiangXing Technology Holding's gross margin of last year was 0.1873659. ==> 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)
=242.873/241.064
=1.00750423

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=248.423/242.666
=1.02372397

XiangXing Technology Holding's asset turnover of this year was 1.00750423. XiangXing Technology Holding's asset turnover of last year was 1.02372397. ==> 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
=0+0+0+1+0+0+0+1+0
=2

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

XiangXing Technology Holding has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 2 mean?
XiangXing Technology Holding (HKSE:01732) has a Piotroski F-Score of 2 as of Aug. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on XiangXing Technology Holding and its competitors. This is 67% below median its historical median of 6.00. Over the past decade, XiangXing Technology Holding's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, XiangXing Technology Holding ranks #941 out of 980 companies in the Transportation industry, placing it in the top 96%.
Is XiangXing Technology Holding's Piotroski F-Score too high?
XiangXing Technology Holding's current Piotroski F-Score of 2 is 67% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Transportation industry median Piotroski F-Score is 6.00. XiangXing Technology Holding's value of 2 is 66.7% below this industry median. Based on the distribution chart, XiangXing Technology Holding ranks #941 out of 980 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, XiangXing Technology Holding has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does XiangXing Technology Holding's Piotroski F-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, XiangXing Technology Holding ranks #941 out of 980 companies for Piotroski F-Score. This places XiangXing Technology Holding in the lower half of its industry. The industry median Piotroski F-Score is 6.00. XiangXing Technology Holding's value of 2 is 66.7% below this benchmark. Historically, XiangXing Technology Holding's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, XiangXing Technology Holding has consistently been below 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 980 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. XiangXing Technology Holding's current Piotroski F-Score of 2 is 66.7% below 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 XiangXing Technology Holding and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. XiangXing Technology Holding's current Piotroski F-Score is 2, which is 67% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XiangXing Technology Holding stock overvalued right now?
Based on GuruFocus' analysis, XiangXing Technology Holding (HKSE:01732) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.16, compared to a current price of HK$0.22 — trading 39.4% above its estimated fair value. The current Piotroski F-Score is 2, which is 67% below median its 10-year median of 6.00 and 66.7% below the Transportation industry median of 6.00. XiangXing Technology Holding's overall GF Score™ is 57/100 with 4 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 XiangXing Technology Holding (HKSE:01732), the current Piotroski F-Score is 2 as of Aug. 12, 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 XiangXing Technology Holding (HKSE:01732) Overvalued in 2026?

Based on GuruFocus' analysis, XiangXing Technology Holding stock appears to be overvalued. The current stock price of HK$0.22 is trading 39.4% above its estimated GF Value™ of HK$0.16. GuruFocus considers XiangXing Technology Holding to be Significantly Overvalued.

Key valuation signals for HKSE:01732:

  • Piotroski F-Score: 2 (67% below median its 10-year median of 6.00)
  • GF Value™: HK$0.16 vs. price of HK$0.22 (39.4% above fair value)
  • GF Score™: 57/100 with 4 warning signs
  • Industry Position: 66.7% below the Transportation median (#941 of 980)

No single metric tells the full story. See the HKSE:01732 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


XiangXing Technology Holding Business Description

Address No. 233 Jiangang Road, Xiamen Area (Bonded Port), China (Fujian) Pilot Free Trade Zone, Haicang District, Fujian Province, Xiamen, CHN
XiangXing International Holding Ltd is principally engaged in port cargo handling and transportation, import and export agency, container land transportation, international trade and integrated logistics solutions. The Group principally provides intra-port services, logistics services and supply chain operations in Xiamen, Quanzhou, Wuhan and Chengdu of mainland China. Its reportable operating segments are import and export agency services, container and stone blocks road freight forwarding services, intra-port ancillary services, intra-port container transportation services, which generate maximum revenue, and trading of building materials and automobile accessories. The Group's operating activities are principally carried out in the PRC.
57GF Score

Get the complete analysis for HKSE:01732

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

HK$0.22
Price
HK$0.16
GF Value