Lianlian DigiTech Co (HKSE:02598) Piotroski F-Score: 6 (As of Jul. 08, 2026) — Near Median


HKSE:02598 Lianlian DigiTech Co Ltd HKSE:02598
39 GF Score
Price HK$4.16
! 3 Warning Signs
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What is Lianlian DigiTech Co Piotroski F-Score?

Lianlian DigiTech Co HKSE:02598 -0.95% 39 Piotroski F-Score is 6 as of Jul. 08, 2026, which is at its 10-year median of 6.00. GuruFocus rates HKSE:02598 with a GF Score™ of 39/100. The stock has 3 warning signs investors should review. Among 2,734 Software companies, Lianlian DigiTech Co ranks better than 78.64% 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

Lianlian DigiTech 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 Lianlian DigiTech Co's Piotroski F-Score or its related term are showing as below:

HKSE:02598' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 6
Current: 6

During the past 6 years, the highest Piotroski F-Score of Lianlian DigiTech Co was 6. The lowest was 3. And the median was 6.

Lianlian DigiTech Co  (HKSE:02598) 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.


Lianlian DigiTech Co Piotroski F-Score Related Terms


Lianlian DigiTech Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Lianlian DigiTech 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.

Lianlian DigiTech Co Piotroski F-Score Chart

Lianlian DigiTech Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 3.00 6.00 6.00 6.00

Lianlian DigiTech Co Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only 6.00 N/A 6.00 0.00 6.00

HKSE:02598 vs MSFT, ORCL, PLTR: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, Lianlian DigiTech 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.


Lianlian DigiTech Co Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Lianlian DigiTech Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Lianlian DigiTech Co's Piotroski F-Score falls into.


HKSE:02598
39GF Score
Lianlian DigiTech Co Ltd HKSE:02598
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$1,838 Mil.
Cash Flow from Operations was HK$124 Mil.
Revenue was HK$1,915 Mil.
Gross Profit was HK$965 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (15522.689 + 25344.288) / 2 = HK$20433.4885 Mil.
Total Assets at the begining of this year (Dec24) was HK$15,523 Mil.
Long-Term Debt & Capital Lease Obligation was HK$153 Mil.
Total Current Assets was HK$23,975 Mil.
Total Current Liabilities was HK$21,796 Mil.
Net Income was HK$-180 Mil.

Revenue was HK$1,404 Mil.
Gross Profit was HK$729 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (11449.129 + 15522.689) / 2 = HK$13485.909 Mil.
Total Assets at the begining of last year (Dec23) was HK$11,449 Mil.
Long-Term Debt & Capital Lease Obligation was HK$162 Mil.
Total Current Assets was HK$14,589 Mil.
Total Current Liabilities was HK$14,028 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.

Lianlian DigiTech Co's current Net Income (TTM) was 1,838. ==> 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.

Lianlian DigiTech Co's current Cash Flow from Operations (TTM) was 124. ==> 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)
=1837.991/15522.689
=0.11840674

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-179.603/11449.129
=-0.01568704

Lianlian DigiTech Co's return on assets of this year was 0.11840674. Lianlian DigiTech Co's return on assets of last year was -0.01568704. ==> 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.

Lianlian DigiTech Co's current Net Income (TTM) was 1,838. Lianlian DigiTech Co's current Cash Flow from Operations (TTM) was 124. ==> 124 <= 1,838 ==> CFROA <= ROA ==> Score 0.

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
=152.797/20433.4885
=0.00747777

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=161.658/13485.909
=0.01198718

Lianlian DigiTech Co's gearing of this year was 0.00747777. Lianlian DigiTech Co's gearing of last year was 0.01198718. ==> 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
=23974.91/21796.037
=1.09996648

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=14588.919/14028.419
=1.03995461

Lianlian DigiTech Co's current ratio of this year was 1.09996648. Lianlian DigiTech Co's current ratio of last year was 1.03995461. ==> 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.

Lianlian DigiTech Co's number of shares in issue this year was 1099.289. Lianlian DigiTech Co's number of shares in issue last year was 1063.734. ==> 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
=964.923/1915.374
=0.50377785

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=728.709/1403.945
=0.51904384

Lianlian DigiTech Co's gross margin of this year was 0.50377785. Lianlian DigiTech Co's gross margin of last year was 0.51904384. ==> 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 (Dec24)
=1915.374/15522.689
=0.12339189

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1403.945/11449.129
=0.12262461

Lianlian DigiTech Co's asset turnover of this year was 0.12339189. Lianlian DigiTech Co's asset turnover of last year was 0.12262461. ==> 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
=1+1+1+0+1+1+0+0+1
=6

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

Lianlian DigiTech Co 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?
Lianlian DigiTech Co (HKSE:02598) has a Piotroski F-Score of 6 as of Jul. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Lianlian DigiTech Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Lianlian DigiTech Co's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Lianlian DigiTech Co ranks #584 out of 2734 companies in the Software industry, placing it in the top 21.4%.
Is Lianlian DigiTech Co's Piotroski F-Score too high?
Lianlian DigiTech Co's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The Software industry median Piotroski F-Score is 5.00. Lianlian DigiTech Co's value of 6 is 20% above this industry median. Based on the distribution chart, Lianlian DigiTech Co ranks #584 out of 2734 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Lianlian DigiTech Co has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Lianlian DigiTech Co's Piotroski F-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Lianlian DigiTech Co ranks #584 out of 2734 companies for Piotroski F-Score. This places Lianlian DigiTech Co in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Lianlian DigiTech Co's value of 6 is 20% above this benchmark. Historically, Lianlian DigiTech Co's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Lianlian DigiTech Co 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,734 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. Lianlian DigiTech Co'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 Lianlian DigiTech Co and its competitors. For the Software 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. Lianlian DigiTech Co's current Piotroski F-Score is 6, which is near 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 Lianlian DigiTech Co stock overvalued right now?
Lianlian DigiTech Co (HKSE:02598) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Software industry median of 5.00. Lianlian DigiTech Co's overall GF Score™ is 39/100 with 3 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 Lianlian DigiTech Co (HKSE:02598), the current Piotroski F-Score is 6 as of Jul. 08, 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.

Lianlian DigiTech Co Business Description

Address 79 Yueda Lane, B3, 12th Floor, Building 1, Binjiang District, Zhejiang Province, Hangzhou, CHN
Lianlian DigiTech Co Ltd and its subsidiaries are engaged in the provision of digital payment services and value-added services across the world. Digital payment services encompass international and domestic payments and include various products such as pay-in, payout, acquiring, foreign exchange, virtual bank card, and payment aggregation services. By integrating AI-driven intelligence across its end-to-end service chain, the Group works to optimize transaction risk management and improve customer service. The Group's reportable segments are: Global payment, Domestic payment, Value-added services, and Others. Maximum revenue is derived from the Global payment segment, which helps merchants who sell their goods on e-commerce platforms globally and regionally to repatriate their funds.
39GF Score

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