Mininglamp Technology (HKSE:02718) Piotroski F-Score: 7 (As of Aug. 27, 2026) — 17% Above Median

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HKSE:02718 Mininglamp Technology HKSE:02718
12 GF Score
Price HK$41.98
! 3 Warning Signs
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What is Mininglamp Technology Piotroski F-Score?

Mininglamp Technology HKSE:02718 +15.97% 12 Piotroski F-Score is 7 as of Aug. 27, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates HKSE:02718 with a GF Score™ of 12/100. The stock has 3 warning signs investors should review. Among 2,745 Software companies, Mininglamp Technology ranks better than 92.13% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Mininglamp Technology has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

HKSE:02718' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 7

During the past 4 years, the highest Piotroski F-Score of Mininglamp Technology was 7. The lowest was 4. And the median was 6.

Mininglamp Technology  (HKSE:02718) 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.


Mininglamp Technology Piotroski F-Score Related Terms


Mininglamp Technology Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Mininglamp Technology'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.

Mininglamp Technology Piotroski F-Score Chart

Mininglamp Technology Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 4.00 7.00

Mininglamp Technology Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial N/A 0.00 4.00 0.00 7.00

HKSE:02718 vs MSFT, ORCL, PLTR: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, Mininglamp Technology'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.


Mininglamp Technology Piotroski F-Score vs Software Industry

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

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


HKSE:02718
12GF Score
Mininglamp Technology HKSE:02718
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$-7,087 Mil.
Cash Flow from Operations was HK$20 Mil.
Revenue was HK$1,575 Mil.
Gross Profit was HK$872 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (2542.517 + 3745.609) / 2 = HK$3144.063 Mil.
Total Assets at the begining of this year (Dec24) was HK$2,543 Mil.
Long-Term Debt & Capital Lease Obligation was HK$21 Mil.
Total Current Assets was HK$2,617 Mil.
Total Current Liabilities was HK$1,030 Mil.
Net Income was HK$5 Mil.

Revenue was HK$1,475 Mil.
Gross Profit was HK$761 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (2681.265 + 2542.517) / 2 = HK$2611.891 Mil.
Total Assets at the begining of last year (Dec23) was HK$2,681 Mil.
Long-Term Debt & Capital Lease Obligation was HK$27 Mil.
Total Current Assets was HK$1,437 Mil.
Total Current Liabilities was HK$9,322 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.

Mininglamp Technology's current Net Income (TTM) was -7,087. ==> 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.

Mininglamp Technology's current Cash Flow from Operations (TTM) was 20. ==> 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)
=-7086.777/2542.517
=-2.78730762

ROA (Last Year)=Net Income/Total Assets (Dec23)
=5.055/2681.265
=0.0018853

Mininglamp Technology's return on assets of this year was -2.78730762. Mininglamp Technology's return on assets of last year was 0.0018853. ==> 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.

Mininglamp Technology's current Net Income (TTM) was -7,087. Mininglamp Technology's current Cash Flow from Operations (TTM) was 20. ==> 20 > -7,087 ==> 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
=21.099/3144.063
=0.00671074

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=26.665/2611.891
=0.01020908

Mininglamp Technology's gearing of this year was 0.00671074. Mininglamp Technology's gearing of last year was 0.01020908. ==> 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
=2617.362/1029.528
=2.54229317

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1436.933/9321.839
=0.15414694

Mininglamp Technology's current ratio of this year was 2.54229317. Mininglamp Technology's current ratio of last year was 0.15414694. ==> 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.

Mininglamp Technology's number of shares in issue this year was 46.683. Mininglamp Technology's number of shares in issue last year was 144.378. ==> 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
=872.314/1575.089
=0.55381886

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=760.923/1474.863
=0.51592792

Mininglamp Technology's gross margin of this year was 0.55381886. Mininglamp Technology's gross margin of last year was 0.51592792. ==> 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)
=1575.089/2542.517
=0.61949989

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1474.863/2681.265
=0.55006238

Mininglamp Technology's asset turnover of this year was 0.61949989. Mininglamp Technology's asset turnover of last year was 0.55006238. ==> 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+0+1+1+1+1+1+1
=7

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

Mininglamp Technology has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Mininglamp Technology (HKSE:02718) has a Piotroski F-Score of 7 as of Aug. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mininglamp Technology and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Mininglamp Technology's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Mininglamp Technology ranks #216 out of 2745 companies in the Software industry, placing it in the top 7.9%.
Is Mininglamp Technology's Piotroski F-Score too high?
Mininglamp Technology's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. Mininglamp Technology's value of 7 is 40% above this industry median. Based on the distribution chart, Mininglamp Technology ranks #216 out of 2745 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Mininglamp Technology has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Mininglamp Technology's Piotroski F-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Mininglamp Technology ranks #216 out of 2745 companies for Piotroski F-Score. This places Mininglamp Technology in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Mininglamp Technology's value of 7 is 40% above this benchmark. Historically, Mininglamp Technology's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Mininglamp Technology 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 2,745 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. Mininglamp Technology's current Piotroski F-Score of 7 is 40% 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 Mininglamp Technology 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. Mininglamp Technology's current Piotroski F-Score is 7, which is 17% above 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 Mininglamp Technology stock overvalued right now?
Mininglamp Technology (HKSE:02718) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Software industry median of 5.00. Mininglamp Technology's overall GF Score™ is 12/100 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 Mininglamp Technology (HKSE:02718), the current Piotroski F-Score is 7 as of Aug. 27, 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.

Mininglamp Technology Business Description

Address No. 222, West Section 3, Waihuan Road, Room 807, 8th Floor, Building 1, Yanjiang District, Sichuan Province, Ziyang, CHN
Mininglamp Technology is a data intelligence application software company in China. The company offers data intelligence products and solutions, covering marketing and operational intelligence and encompassing online and offline scenarios. The company is dedicated to transforming enterprise's marketing and operational design and decision-making processes leveraging large models, industry-specific knowledge, and multimodal data. It has served Fortune companies, with clients spanning retail, consumer goods, food and beverage, automotive, 3C, beauty products, mother and baby products and other industries.
12GF Score

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

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