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Beijing SinoHytec CoHKSE:02402 +7.99%69 Piotroski F-Score is 5 as of Jul. 20, 2026, which is 67% above its 10-year median of 3.00. GuruFocus rates HKSE:02402 with a GF Score™ of 69/100 and a GF Value™ of HK$11.61 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,285 Vehicles & Parts companies, Beijing SinoHytec Co ranks better than 51.44% 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
Beijing SinoHytec Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Beijing SinoHytec Co's Piotroski F-Score or its related term are showing as below:
HKSE:02402'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 3 Max: 6
Current: 5
During the past 13 years, the highest Piotroski F-Score of Beijing SinoHytec Co was 6. The lowest was 1. And the median was 3.
Beijing SinoHytec Co (HKSE:02402) 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.
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.
Beijing SinoHytec Co Piotroski F-Score Related Terms
Beijing SinoHytec Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Beijing SinoHytec 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.
HKSE:02402 vs ORLY, AZO: Piotroski F-Score Comparison
For the Auto Parts subindustry, Beijing SinoHytec 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.
Beijing SinoHytec Co Piotroski F-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Beijing SinoHytec Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Beijing SinoHytec Co's Piotroski F-Score falls into.
* 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 (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was -76.973 + -161.785 + -397.401 + -57.965 = HK$-694.1 Mil. Cash Flow from Operations was 58.726 + 42.799 + -9.857 + -56.997 = HK$34.7 Mil. Revenue was 67.117 + 34.511 + 171.263 + 18.935 = HK$291.8 Mil. Gross Profit was -7.454 + -2.132 + 105.765 + -6.81 = HK$89.4 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4830.742 + 4649.951 + 4490.851 + 4062.875 + 3980.52) / 5 = HK$4402.9878 Mil. Total Assets at the begining of this year (Mar25) was HK$4,830.7 Mil. Long-Term Debt & Capital Lease Obligation was HK$5.0 Mil. Total Current Assets was HK$2,810.4 Mil. Total Current Liabilities was HK$1,411.9 Mil.
Net Income was -54.134 + -128.449 + -211.7 + -99.724 = HK$-494.0 Mil.
Revenue was 151.47 + 179.212 + 53.451 + 11.286 = HK$395.4 Mil. Gross Profit was 36.839 + 28.823 + -6.537 + -12.3 = HK$46.8 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(5394.642 + 5357.669 + 5478.187 + 5102.372 + 4830.742) / 5 = HK$5232.7224 Mil. Total Assets at the begining of last year (Mar24) was HK$5,394.6 Mil. Long-Term Debt & Capital Lease Obligation was HK$21.4 Mil. Total Current Assets was HK$3,272.4 Mil. Total Current Liabilities was HK$1,715.9 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.
Beijing SinoHytec Co's current Net Income (TTM) was -694.1.
==> 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.
Beijing SinoHytec Co's return on assets of this year was -0.1436889. Beijing SinoHytec Co's return on assets of last year was -0.09157364.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Beijing SinoHytec Co's gearing of this year was 0.00113582. Beijing SinoHytec Co's gearing of last year was 0.00408143.
==> 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
Beijing SinoHytec Co's current ratio of this year was 1.99054433. Beijing SinoHytec Co's current ratio of last year was 1.90711339.
==> 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.
Beijing SinoHytec Co's number of shares in issue this year was 243.064. Beijing SinoHytec Co's number of shares in issue last year was 232.52.
==> 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.
Beijing SinoHytec Co's gross margin of this year was 0.30624071. Beijing SinoHytec Co's gross margin of last year was 0.11841869.
==> 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
Beijing SinoHytec Co's asset turnover of this year was 0.06041018. Beijing SinoHytec Co's asset turnover of last year was 0.07329847.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Beijing SinoHytec Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Beijing SinoHytec Co (HKSE:02402) has a Piotroski F-Score of 5 as of Jul. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Beijing SinoHytec Co and its competitors. This is 67% above median its historical median of 3.00. Over the past decade, Beijing SinoHytec Co's Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, Beijing SinoHytec Co ranks #624 out of 1285 companies in the Vehicles & Parts industry, placing it in the top 48.6%.
Is Beijing SinoHytec Co's Piotroski F-Score too high?
Beijing SinoHytec Co's current Piotroski F-Score of 5 is 67% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Beijing SinoHytec Co's value of 5 is 0% at this industry median. Based on the distribution chart, Beijing SinoHytec Co ranks #624 out of 1285 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Beijing SinoHytec Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Beijing SinoHytec Co's Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Beijing SinoHytec Co ranks #624 out of 1285 companies for Piotroski F-Score. This puts Beijing SinoHytec Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Beijing SinoHytec Co's value of 5 is 0% at this benchmark. Historically, Beijing SinoHytec Co's own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Beijing SinoHytec Co has consistently been at 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 1,285 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. Beijing SinoHytec Co's current Piotroski F-Score of 5 is 0% at 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 Beijing SinoHytec Co 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. Beijing SinoHytec Co's current Piotroski F-Score is 5, which is 67% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijing SinoHytec Co stock overvalued right now?
Based on GuruFocus' analysis, Beijing SinoHytec Co (HKSE:02402) is currently considered Fairly Valued. The stock's GF Value™ is HK$11.61, compared to a current price of HK$12.70 — trading 9.4% above its estimated fair value. The current Piotroski F-Score is 5, which is 67% above median its 10-year median of 3.00 and 0% at the Vehicles & Parts industry median of 5.00. Beijing SinoHytec Co's overall GF Score™ is 69/100 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 Beijing SinoHytec Co (HKSE:02402), the current Piotroski F-Score is 5 as of Jul. 20, 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 Beijing SinoHytec Co (HKSE:02402) Overvalued in 2026?
Based on GuruFocus' analysis, Beijing SinoHytec Co stock appears to be overvalued.
The current stock price of HK$12.70 is trading 9.4% above its estimated GF Value™ of HK$11.61.
GuruFocus considers Beijing SinoHytec Co to be Fairly Valued.
Key valuation signals for HKSE:02402:
Piotroski F-Score: 5 (67% above median its 10-year median of 3.00)
GF Value™: HK$11.61 vs. price of HK$12.70 (9.4% above fair value)
Industry Position: 0% at the Vehicles & Parts median (#624 of 1285)
No single metric tells the full story. See the HKSE:02402 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Beijing SinoHytec Co Ltd is principally engaged in the production sale of fuel cell system, fuel cell components and technology development and services in Mainland China. The company's products and services are Production and sales of fuel cell system, Production and sales of fuel cell components, Provision of technology development services, and Others. Its products are Hydrogen Fuel Cell Engine includes M Series, G Series, T Series; Combined Heat and Power; and Electrolyzer.
69GF Score
Get the complete analysis for HKSE:02402
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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