Jilin Quanyangquan Co (SHSE:600189) Piotroski F-Score: 8 (As of Jul. 24, 2026) — 60% Above Median

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SHSE:600189 Jilin Quanyangquan Co Ltd SHSE:600189
76 GF Score
Price ¥6.88
GF Value ¥8.42
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Jilin Quanyangquan Co Piotroski F-Score?

Jilin Quanyangquan Co SHSE:600189 -4.31% 76 Piotroski F-Score is 8 as of Jul. 24, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates SHSE:600189 with a GF Score™ of 76/100 and a GF Value™ of ¥8.42 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 112 Beverages - Non-Alcoholic companies, Jilin Quanyangquan Co ranks better than 97.32% 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

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

SHSE:600189' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Jilin Quanyangquan Co was 8. The lowest was 3. And the median was 5.

Jilin Quanyangquan Co  (SHSE:600189) 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.


Jilin Quanyangquan Co Piotroski F-Score Related Terms


Jilin Quanyangquan Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Jilin Quanyangquan 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.

Jilin Quanyangquan Co Piotroski F-Score Chart

Jilin Quanyangquan Co 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 8.00 5.00 4.00 6.00 7.00

Jilin Quanyangquan Co 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 7.00 8.00 7.00 8.00

SHSE:600189 vs KO, PEP, MNST: Piotroski F-Score Comparison

For the Beverages - Non-Alcoholic subindustry, Jilin Quanyangquan 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.


Jilin Quanyangquan Co Piotroski F-Score vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Jilin Quanyangquan Co's Piotroski F-Score distribution charts can be found below:

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


SHSE:600189
76GF Score
Jilin Quanyangquan Co Ltd SHSE:600189
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 18.359 + 1.205 + -9.595 + 10.043 = ¥20 Mil.
Cash Flow from Operations was 103.198 + 88.757 + -20.405 + 104.574 = ¥276 Mil.
Revenue was 376.984 + 337.993 + 235.96 + 337.805 = ¥1,289 Mil.
Gross Profit was 150.029 + 116.277 + 88.627 + 125.405 = ¥480 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4327.045 + 4363.2 + 4376.413 + 4181.779 + 4240.029) / 5 = ¥4297.6932 Mil.
Total Assets at the begining of this year (Mar25) was ¥4,327 Mil.
Long-Term Debt & Capital Lease Obligation was ¥73 Mil.
Total Current Assets was ¥2,720 Mil.
Total Current Liabilities was ¥2,517 Mil.
Net Income was 26.34 + 0.741 + -15.277 + 5.109 = ¥17 Mil.

Revenue was 367.404 + 298.577 + 298.86 + 307.041 = ¥1,272 Mil.
Gross Profit was 147.422 + 90.88 + 79.197 + 103.328 = ¥421 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(4340.656 + 4380.727 + 4475.846 + 4357.229 + 4327.045) / 5 = ¥4376.3006 Mil.
Total Assets at the begining of last year (Mar24) was ¥4,341 Mil.
Long-Term Debt & Capital Lease Obligation was ¥52 Mil.
Total Current Assets was ¥2,815 Mil.
Total Current Liabilities was ¥2,690 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.

Jilin Quanyangquan Co's current Net Income (TTM) was 20. ==> 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.

Jilin Quanyangquan Co's current Cash Flow from Operations (TTM) was 276. ==> 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)
=20.012/4327.045
=0.00462487

ROA (Last Year)=Net Income/Total Assets (Mar24)
=16.913/4340.656
=0.00389642

Jilin Quanyangquan Co's return on assets of this year was 0.00462487. Jilin Quanyangquan Co's return on assets of last year was 0.00389642. ==> 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.

Jilin Quanyangquan Co's current Net Income (TTM) was 20. Jilin Quanyangquan Co's current Cash Flow from Operations (TTM) was 276. ==> 276 > 20 ==> 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
=73.131/4297.6932
=0.01701634

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=52.194/4376.3006
=0.01192651

Jilin Quanyangquan Co's gearing of this year was 0.01701634. Jilin Quanyangquan Co's gearing of last year was 0.01192651. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=2720.354/2517.227
=1.08069475

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2814.959/2689.642
=1.04659245

Jilin Quanyangquan Co's current ratio of this year was 1.08069475. Jilin Quanyangquan Co's current ratio of last year was 1.04659245. ==> 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.

Jilin Quanyangquan Co's number of shares in issue this year was 717.322. Jilin Quanyangquan Co's number of shares in issue last year was 729.896. ==> 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
=480.338/1288.742
=0.37271851

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=420.827/1271.882
=0.33086953

Jilin Quanyangquan Co's gross margin of this year was 0.37271851. Jilin Quanyangquan Co's gross margin of last year was 0.33086953. ==> 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)
=1288.742/4327.045
=0.2978342

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1271.882/4340.656
=0.29301608

Jilin Quanyangquan Co's asset turnover of this year was 0.2978342. Jilin Quanyangquan Co's asset turnover of last year was 0.29301608. ==> 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+0+1+1+1+1
=8

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

Jilin Quanyangquan Co 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?
Jilin Quanyangquan Co (SHSE:600189) has a Piotroski F-Score of 8 as of Jul. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Jilin Quanyangquan Co and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Jilin Quanyangquan Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Jilin Quanyangquan Co ranks #3 out of 112 companies in the Beverages - Non-Alcoholic industry, placing it in the top 2.7%.
Is Jilin Quanyangquan Co's Piotroski F-Score too high?
Jilin Quanyangquan Co's 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 3.00 to a high of 8.00. The Beverages - Non-Alcoholic industry median Piotroski F-Score is 5.50. Jilin Quanyangquan Co's value of 8 is 45.5% above this industry median. Based on the distribution chart, Jilin Quanyangquan Co ranks #3 out of 112 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Jilin Quanyangquan Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jilin Quanyangquan Co's Piotroski F-Score compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Jilin Quanyangquan Co ranks #3 out of 112 companies for Piotroski F-Score. This places Jilin Quanyangquan Co in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.50. Jilin Quanyangquan Co's value of 8 is 45.5% above this benchmark. Historically, Jilin Quanyangquan Co's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.50, Jilin Quanyangquan 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 Beverages - Non-Alcoholic company?
The median Piotroski F-Score among Beverages - Non-Alcoholic companies is 5.50, based on 112 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. Jilin Quanyangquan Co's current Piotroski F-Score of 8 is 45.5% 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 Jilin Quanyangquan Co and its competitors. For the Beverages - Non-Alcoholic industry, the median Piotroski F-Score is 5.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jilin Quanyangquan Co'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 Jilin Quanyangquan Co stock overvalued right now?
Based on GuruFocus' analysis, Jilin Quanyangquan Co (SHSE:600189) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥8.42, compared to a current price of ¥6.88 — trading 18.3% 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 45.5% above the Beverages - Non-Alcoholic industry median of 5.50. Jilin Quanyangquan Co's overall GF Score™ is 76/100 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 Jilin Quanyangquan Co (SHSE:600189), the current Piotroski F-Score is 8 as of Jul. 24, 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 Jilin Quanyangquan Co (SHSE:600189) Overvalued in 2026?

Based on GuruFocus' analysis, Jilin Quanyangquan Co stock appears to be undervalued. The current stock price of ¥6.88 is trading 18.3% below its estimated GF Value™ of ¥8.42. GuruFocus considers Jilin Quanyangquan Co to be Modestly Undervalued.

Key valuation signals for SHSE:600189:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: ¥8.42 vs. price of ¥6.88 (18.3% below fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 45.5% above the Beverages - Non-Alcoholic median (#3 of 112)

No single metric tells the full story. See the SHSE:600189 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jilin Quanyangquan Co Business Description

Address 1399 Yan\'an Main Street, Chaoyang District, Jilin Province, Changchun, CHN, 130012
Jilin Quanyangquan Co Ltd mainly engaged in beverage [bottled (barreled) drinking water (drinking natural mineral water)], wine and fruit wine (processing and filling) processing and sales, pre-packaged food, liquor sales, road general cargo transportation, import and export of goods (except for national restrictions on import and export goods); warehousing, storage, and distribution services; Housing rental; designing, producing, acting and publishing advertisements; business management consulting; Computer software development, sales and leasing. The company is also engaged in landscape planning and design, garden engineering construction, garden maintenance, and, intelligent environmental protection home business.
76GF Score

Get the complete analysis for SHSE:600189

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

¥6.88
Price
¥8.42
GF Value