China CSSC Holdings (SHSE:600150) Piotroski F-Score: 8 (As of Jul. 17, 2026) — 60% Above Median

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SHSE:600150 China CSSC Holdings Ltd SHSE:600150
86 GF Score
Price ¥32.34
GF Value ¥40.74
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is China CSSC Holdings Piotroski F-Score?

China CSSC Holdings SHSE:600150 -2.00% 86 Piotroski F-Score is 8 as of Jul. 17, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates SHSE:600150 with a GF Score™ of 86/100 and a GF Value™ of ¥40.74 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 321 Aerospace & Defense companies, China CSSC Holdings ranks better than 96.88% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

China CSSC Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

SHSE:600150' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of China CSSC Holdings was 8. The lowest was 1. And the median was 5.

China CSSC Holdings  (SHSE:600150) 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.


China CSSC Holdings Piotroski F-Score Related Terms


China CSSC Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for China CSSC 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.

China CSSC Holdings Piotroski F-Score Chart

China CSSC 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 6.00 1.00 6.00 7.00 4.00

China CSSC Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 7.00 8.00 8.00 4.00 8.00

SHSE:600150 vs SPCX, GE, RTX: Piotroski F-Score Comparison

For the Aerospace & Defense subindustry, China CSSC 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.


China CSSC Holdings Piotroski F-Score vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, China CSSC Holdings's Piotroski F-Score distribution charts can be found below:

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


SHSE:600150
86GF Score
China CSSC Holdings Ltd SHSE:600150
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 1571.775 + 2905.796 + 1996.598 + 4832.278 = ¥11,306 Mil.
Cash Flow from Operations was 8161.109 + 740.115 + 4672.1 + 8151.529 = ¥21,725 Mil.
Revenue was 12362.933 + 67077.773 + 44575.187 + 43312.405 = ¥167,328 Mil.
Gross Profit was 1313.705 + 8567.492 + 5629.384 + 7568.96 = ¥23,080 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(181238.398 + 181976.93 + 406022.552 + 420489.48 + 418459.291) / 5 = ¥321637.3302 Mil.
Total Assets at the begining of this year (Mar25) was ¥181,238 Mil.
Long-Term Debt & Capital Lease Obligation was ¥14,901 Mil.
Total Current Assets was ¥312,319 Mil.
Total Current Liabilities was ¥233,533 Mil.
Net Income was 1011.294 + 1304.237 + 1502.983 + 1374.209 = ¥5,193 Mil.

Revenue was 20746.228 + 55030.787 + 42303.45 + 27962.098 = ¥146,043 Mil.
Gross Profit was 1923.952 + 6726.75 + 4300.063 + 3608.827 = ¥16,560 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(176974.572 + 174342.42 + 178439.757 + 403639.152 + 181238.398) / 5 = ¥222926.8598 Mil.
Total Assets at the begining of last year (Mar24) was ¥176,975 Mil.
Long-Term Debt & Capital Lease Obligation was ¥10,381 Mil.
Total Current Assets was ¥137,121 Mil.
Total Current Liabilities was ¥109,079 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.

China CSSC Holdings's current Net Income (TTM) was 11,306. ==> 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.

China CSSC Holdings's current Cash Flow from Operations (TTM) was 21,725. ==> 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 (Mar25)
=11306.447/181238.398
=0.06238439

ROA (Last Year)=Net Income/Total Assets (Mar24)
=5192.723/176974.572
=0.02934163

China CSSC Holdings's return on assets of this year was 0.06238439. China CSSC Holdings's return on assets of last year was 0.02934163. ==> 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.

China CSSC Holdings's current Net Income (TTM) was 11,306. China CSSC Holdings's current Cash Flow from Operations (TTM) was 21,725. ==> 21,725 > 11,306 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=14901.296/321637.3302
=0.0463295

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=10380.71/222926.8598
=0.04656554

China CSSC Holdings's gearing of this year was 0.0463295. China CSSC Holdings's gearing of last year was 0.04656554. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=312319.479/233533.019
=1.33736754

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=137120.664/109079.439
=1.25707159

China CSSC Holdings's current ratio of this year was 1.33736754. China CSSC Holdings's current ratio of last year was 1.25707159. ==> 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.

China CSSC Holdings's number of shares in issue this year was 7526.913. China CSSC Holdings's number of shares in issue last year was 5923.315. ==> 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
=23079.541/167328.298
=0.13792969

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=16559.592/146042.563
=0.11338881

China CSSC Holdings's gross margin of this year was 0.13792969. China CSSC Holdings's gross margin of last year was 0.11338881. ==> 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 (Mar25)
=167328.298/181238.398
=0.92324971

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=146042.563/176974.572
=0.82521778

China CSSC Holdings's asset turnover of this year was 0.92324971. China CSSC Holdings's asset turnover of last year was 0.82521778. ==> 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+1+1+1+0+1+1
=8

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

China CSSC Holdings has an F-score of 8. 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 8 mean?
China CSSC Holdings (SHSE:600150) has a Piotroski F-Score of 8 as of Jul. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on China CSSC Holdings and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, China CSSC Holdings' Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, China CSSC Holdings ranks #10 out of 321 companies in the Aerospace & Defense industry, placing it in the top 3.1%.
Is China CSSC Holdings' Piotroski F-Score too high?
China CSSC Holdings' current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Aerospace & Defense industry median Piotroski F-Score is 5.00. China CSSC Holdings' value of 8 is 60% above this industry median. Based on the distribution chart, China CSSC Holdings ranks #10 out of 321 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, China CSSC Holdings has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China CSSC Holdings' Piotroski F-Score compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, China CSSC Holdings ranks #10 out of 321 companies for Piotroski F-Score. This places China CSSC Holdings in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. China CSSC Holdings' value of 8 is 60% above this benchmark. Historically, China CSSC Holdings' own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, China CSSC 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 an Aerospace & Defense company?
The median Piotroski F-Score among Aerospace & Defense companies is 5.00, based on 321 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. China CSSC Holdings's current Piotroski F-Score of 8 is 60% 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 China CSSC Holdings and its competitors. For the Aerospace & Defense 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. China CSSC Holdings's current Piotroski F-Score is 8, which is 60% 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 China CSSC Holdings stock overvalued right now?
Based on GuruFocus' analysis, China CSSC Holdings (SHSE:600150) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥40.74, compared to a current price of ¥32.34 — trading 20.6% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Aerospace & Defense industry median of 5.00. China CSSC Holdings' overall GF Score™ is 86/100 with 6 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 China CSSC Holdings (SHSE:600150), the current Piotroski F-Score is 8 as of Jul. 17, 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 China CSSC Holdings (SHSE:600150) Overvalued in 2026?

Based on GuruFocus' analysis, China CSSC Holdings stock appears to be undervalued. The current stock price of ¥32.34 is trading 20.6% below its estimated GF Value™ of ¥40.74. GuruFocus considers China CSSC Holdings to be Modestly Undervalued.

Key valuation signals for SHSE:600150:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: ¥40.74 vs. price of ¥32.34 (20.6% below fair value)
  • GF Score™: 86/100 with 6 warning signs
  • Industry Position: 60% above the Aerospace & Defense median (#10 of 321)

No single metric tells the full story. See the SHSE:600150 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China CSSC Holdings Business Description

Address No. 1 Pudong Avenue, Shanghai Pilot Free Trade Zone, Pudong New District, Shanghai, CHN, 200120
China CSSC Holdings Ltd is a China-based company engaged in the business activities of shipbuilding and ship repair. Its main products are a Capesize bulk carrier, Floating production storage and offloading, Aframax tanker, and others. In addition, the company is also involved in the business activities of the power business, marine engineering, and electromechanical equipment.
86GF Score

Get the complete analysis for SHSE:600150

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

¥32.34
Price
¥40.74
GF Value