Xinjiang Baodi Mining Co (SHSE:601121) Piotroski F-Score: 5 (As of Jul. 26, 2026) — 29% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

SHSE:601121 Xinjiang Baodi Mining Co Ltd SHSE:601121
79 GF Score
Price ¥6.46
GF Value ¥9.78
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Xinjiang Baodi Mining Co Piotroski F-Score?

Xinjiang Baodi Mining Co SHSE:601121 -4.30% 79 Piotroski F-Score is 5 as of Jul. 26, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates SHSE:601121 with a GF Score™ of 79/100 and a GF Value™ of ¥9.78 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 2,503 Metals & Mining companies, Xinjiang Baodi Mining Co ranks better than 85.66% 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

Xinjiang Baodi Mining Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Xinjiang Baodi Mining Co's Piotroski F-Score or its related term are showing as below:

SHSE:601121' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 5

During the past 11 years, the highest Piotroski F-Score of Xinjiang Baodi Mining Co was 8. The lowest was 4. And the median was 7.

Xinjiang Baodi Mining Co  (SHSE:601121) 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.


Xinjiang Baodi Mining Co Piotroski F-Score Related Terms


Xinjiang Baodi Mining Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Xinjiang Baodi Mining 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.

Xinjiang Baodi Mining Co Piotroski F-Score Chart

Xinjiang Baodi Mining Co Annual Data
Trend Dec13 Dec14 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A 7.00 5.00 7.00 6.00

Xinjiang Baodi Mining Co Quarterly Data
Dec20 Jun21 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 5.00 4.00 6.00 5.00

Xinjiang Baodi Mining Co Piotroski F-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Xinjiang Baodi Mining 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.


Xinjiang Baodi Mining Co Piotroski F-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Xinjiang Baodi Mining Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Xinjiang Baodi Mining Co's Piotroski F-Score falls into.


SHSE:601121
79GF Score
Xinjiang Baodi Mining Co Ltd SHSE:601121
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 41.55 + 54.407 + 24.338 + 36.959 = ¥157 Mil.
Cash Flow from Operations was 213.549 + 315.575 + 161.926 + -76.258 = ¥615 Mil.
Revenue was 416.796 + 423.293 + 467.148 + 294.387 = ¥1,602 Mil.
Gross Profit was 148.407 + 151.937 + 185.687 + 117.142 = ¥603 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(6582.621 + 6727.188 + 7043.317 + 7178.311 + 9346.779) / 5 = ¥7375.6432 Mil.
Total Assets at the begining of this year (Mar25) was ¥6,583 Mil.
Long-Term Debt & Capital Lease Obligation was ¥704 Mil.
Total Current Assets was ¥2,425 Mil.
Total Current Liabilities was ¥2,050 Mil.
Net Income was 62.528 + 67.733 + -32.283 + 20.042 = ¥118 Mil.

Revenue was 339.358 + 391.043 + 221.423 + 304.663 = ¥1,256 Mil.
Gross Profit was 178.912 + 177.601 + 58.838 + 95.236 = ¥511 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(6255.164 + 6313.692 + 6364.678 + 6531.273 + 6582.621) / 5 = ¥6409.4856 Mil.
Total Assets at the begining of last year (Mar24) was ¥6,255 Mil.
Long-Term Debt & Capital Lease Obligation was ¥188 Mil.
Total Current Assets was ¥1,662 Mil.
Total Current Liabilities was ¥1,301 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.

Xinjiang Baodi Mining Co's current Net Income (TTM) was 157. ==> 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.

Xinjiang Baodi Mining Co's current Cash Flow from Operations (TTM) was 615. ==> 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)
=157.254/6582.621
=0.02388927

ROA (Last Year)=Net Income/Total Assets (Mar24)
=118.02/6255.164
=0.01886761

Xinjiang Baodi Mining Co's return on assets of this year was 0.02388927. Xinjiang Baodi Mining Co's return on assets of last year was 0.01886761. ==> 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.

Xinjiang Baodi Mining Co's current Net Income (TTM) was 157. Xinjiang Baodi Mining Co's current Cash Flow from Operations (TTM) was 615. ==> 615 > 157 ==> 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
=704.353/7375.6432
=0.09549716

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=187.822/6409.4856
=0.02930376

Xinjiang Baodi Mining Co's gearing of this year was 0.09549716. Xinjiang Baodi Mining Co's gearing of last year was 0.02930376. ==> 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
=2424.688/2049.846
=1.18286349

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1662.195/1300.849
=1.27777705

Xinjiang Baodi Mining Co's current ratio of this year was 1.18286349. Xinjiang Baodi Mining Co's current ratio of last year was 1.27777705. ==> 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.

Xinjiang Baodi Mining Co's number of shares in issue this year was 879.977. Xinjiang Baodi Mining Co's number of shares in issue last year was 801.68. ==> 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
=603.173/1601.624
=0.37660088

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=510.587/1256.487
=0.40636075

Xinjiang Baodi Mining Co's gross margin of this year was 0.37660088. Xinjiang Baodi Mining Co's gross margin of last year was 0.40636075. ==> 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 (Mar25)
=1601.624/6582.621
=0.24331099

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1256.487/6255.164
=0.20087195

Xinjiang Baodi Mining Co's asset turnover of this year was 0.24331099. Xinjiang Baodi Mining Co's asset turnover of last year was 0.20087195. ==> 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+0+0+0+1
=5

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

Xinjiang Baodi Mining Co has an F-score of 5 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 5 mean?
Xinjiang Baodi Mining Co (SHSE:601121) has a Piotroski F-Score of 5 as of Jul. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Xinjiang Baodi Mining Co and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Xinjiang Baodi Mining Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Xinjiang Baodi Mining Co ranks #359 out of 2503 companies in the Metals & Mining industry, placing it in the top 14.3%.
Is Xinjiang Baodi Mining Co's Piotroski F-Score too high?
Xinjiang Baodi Mining Co's current Piotroski F-Score of 5 is 29% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Xinjiang Baodi Mining Co's value of 5 is 66.7% above this industry median. Based on the distribution chart, Xinjiang Baodi Mining Co ranks #359 out of 2503 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Xinjiang Baodi Mining Co has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Xinjiang Baodi Mining Co's Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Xinjiang Baodi Mining Co ranks #359 out of 2503 companies for Piotroski F-Score. This places Xinjiang Baodi Mining Co in the top 14% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Xinjiang Baodi Mining Co's value of 5 is 66.7% above this benchmark. Historically, Xinjiang Baodi Mining Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 3.00, Xinjiang Baodi Mining 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 Metals & Mining company?
The median Piotroski F-Score among Metals & Mining companies is 3.00, based on 2,503 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. Xinjiang Baodi Mining Co's current Piotroski F-Score of 5 is 66.7% 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 Xinjiang Baodi Mining Co and its competitors. For the Metals & Mining industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xinjiang Baodi Mining Co's current Piotroski F-Score is 5, which is 29% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xinjiang Baodi Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Xinjiang Baodi Mining Co (SHSE:601121) is currently considered Possible Value Trap. The stock's GF Value™ is ¥9.78, compared to a current price of ¥6.46 — trading 33.9% below its estimated fair value. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 66.7% above the Metals & Mining industry median of 3.00. Xinjiang Baodi Mining Co's overall GF Score™ is 79/100 with 7 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 Xinjiang Baodi Mining Co (SHSE:601121), the current Piotroski F-Score is 5 as of Jul. 26, 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 Xinjiang Baodi Mining Co (SHSE:601121) Overvalued in 2026?

Based on GuruFocus' analysis, Xinjiang Baodi Mining Co stock appears to be undervalued. The current stock price of ¥6.46 is trading 33.9% below its estimated GF Value™ of ¥9.78. GuruFocus considers Xinjiang Baodi Mining Co to be Possible Value Trap.

Key valuation signals for SHSE:601121:

  • Piotroski F-Score: 5 (29% below median its 10-year median of 7.00)
  • GF Value™: ¥9.78 vs. price of ¥6.46 (33.9% below fair value)
  • GF Score™: 79/100 with 7 warning signs
  • Industry Position: 66.7% above the Metals & Mining median (#359 of 2503)

No single metric tells the full story. See the SHSE:601121 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Xinjiang Baodi Mining Co Business Description

Address No. 390 Karamay East Street, Floor 15, Shenzhen City Building, Shayibak District, Xinjiang Uygur Autonomous Region, Urumqi, CHN, 830000
Xinjiang Baodi Mining Co Ltd is engaged in Iron ore mining, mineral processing, and iron concentrate sales.
79GF Score

Get the complete analysis for SHSE:601121

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

¥6.46
Price
¥9.78
GF Value