Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Shandong Jinjing Science & Technology Stock Co Piotroski F-Score Related Terms
Shandong Jinjing Science & Technology Stock Co Piotroski F-Score Historical Data
* 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.
Shandong Jinjing Science & Technology Stock Co Piotroski F-Score Chart
Shandong Jinjing Science & Technology Stock Co Annual Data
SHSE:600586 vs LIN, SHW, ECL: Piotroski F-Score Comparison
For the Specialty Chemicals subindustry, Shandong Jinjing Science & Technology Stock 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.
Shandong Jinjing Science & Technology Stock Co Piotroski F-Score vs Chemicals Industry
* 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 -104.791 + -173.356 + -315.131 + -156.091 = ¥-749 Mil. Cash Flow from Operations was 134.431 + -164.42 + 239.192 + -25.569 = ¥184 Mil. Revenue was 1176.474 + 1066.65 + 1059.813 + 913.838 = ¥4,217 Mil. Gross Profit was 45.363 + -4.202 + -155.581 + 6.368 = ¥-108 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(10516.236 + 10191.561 + 9451.592 + 9063.909 + 8941.291) / 5 = ¥9632.9178 Mil. Total Assets at the begining of this year (Mar25) was ¥10,516 Mil. Long-Term Debt & Capital Lease Obligation was ¥423 Mil. Total Current Assets was ¥2,360 Mil. Total Current Liabilities was ¥3,387 Mil.
Net Income was 104.296 + 22.169 + -236.462 + 8.521 = ¥-101 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.
Shandong Jinjing Science & Technology Stock Co's current Net Income (TTM) was -749.
==> 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.
Shandong Jinjing Science & Technology Stock Co's current Cash Flow from Operations (TTM) was 184.
==> 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.
Shandong Jinjing Science & Technology Stock Co's return on assets of this year was -0.07125829. Shandong Jinjing Science & Technology Stock Co's return on assets of last year was -0.00876166.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Shandong Jinjing Science & Technology Stock Co's gearing of this year was 0.04387643. Shandong Jinjing Science & Technology Stock Co's gearing of last year was 0.08204737.
==> 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
Shandong Jinjing Science & Technology Stock Co's current ratio of this year was 0.69694097. Shandong Jinjing Science & Technology Stock Co's current ratio of last year was 0.99511126.
==> Last year's current ratio is higher ==> Score 0.
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.
Shandong Jinjing Science & Technology Stock Co's number of shares in issue this year was 1358.497. Shandong Jinjing Science & Technology Stock Co's number of shares in issue last year was 1420.226.
==> 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.
Shandong Jinjing Science & Technology Stock Co's gross margin of this year was -0.02562432. Shandong Jinjing Science & Technology Stock Co's gross margin of last year was 0.11077462.
==> 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
Shandong Jinjing Science & Technology Stock Co's asset turnover of this year was 0.40097759. Shandong Jinjing Science & Technology Stock Co's asset turnover of last year was 0.5089653.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Que. 1
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0
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Shandong Jinjing Science & Technology Stock Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Shandong Jinjing Science & Technology Stock Co (SHSE:600586) has a Piotroski F-Score of 4 as of Jul. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Shandong Jinjing Science & Technology Stock Co and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Shandong Jinjing Science & Technology Stock Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Shandong Jinjing Science & Technology Stock Co ranks #1025 out of 1559 companies in the Chemicals industry, placing it in the top 65.7%.
Is Shandong Jinjing Science & Technology Stock Co's Piotroski F-Score too high?
Shandong Jinjing Science & Technology Stock Co's current Piotroski F-Score of 4 is 33% below 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 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Shandong Jinjing Science & Technology Stock Co's value of 4 is 20% below this industry median. Based on the distribution chart, Shandong Jinjing Science & Technology Stock Co ranks #1025 out of 1559 companies in the Chemicals industry, which is below the industry midpoint. Overall, Shandong Jinjing Science & Technology Stock Co has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Jinjing Science & Technology Stock Co's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Shandong Jinjing Science & Technology Stock Co ranks #1025 out of 1559 companies for Piotroski F-Score. This places Shandong Jinjing Science & Technology Stock Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Shandong Jinjing Science & Technology Stock Co's value of 4 is 20% below this benchmark. Historically, Shandong Jinjing Science & Technology Stock 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 6.00 vs. the industry median of 5.00, Shandong Jinjing Science & Technology Stock Co has consistently been below 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,559 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. Shandong Jinjing Science & Technology Stock Co's current Piotroski F-Score of 4 is 20% below 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 Shandong Jinjing Science & Technology Stock Co and its competitors. For the Chemicals 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. Shandong Jinjing Science & Technology Stock Co's current Piotroski F-Score is 4, which is 33% below 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 Shandong Jinjing Science & Technology Stock Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Jinjing Science & Technology Stock Co (SHSE:600586) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥4.72, compared to a current price of ¥4.04 — trading 14.4% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Chemicals industry median of 5.00. Shandong Jinjing Science & Technology Stock Co's overall GF Score™ is 52/100 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 Shandong Jinjing Science & Technology Stock Co (SHSE:600586), the current Piotroski F-Score is 4 as of Jul. 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.
Is Shandong Jinjing Science & Technology Stock Co (SHSE:600586) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Jinjing Science & Technology Stock Co stock appears to be undervalued.
The current stock price of ¥4.04 is trading 14.4% below its estimated GF Value™ of ¥4.72.
GuruFocus considers Shandong Jinjing Science & Technology Stock Co to be Modestly Undervalued.
Key valuation signals for SHSE:600586:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: ¥4.72 vs. price of ¥4.04 (14.4% below fair value)
Industry Position: 20% below the Chemicals median (#1025 of 1559)
No single metric tells the full story. See the SHSE:600586 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Jinjing Science & Technology Stock Co Business Description
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