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Zhongce Rubber Group CoSHSE:603049 +0.54%45 Piotroski F-Score is 3 as of Aug. 30, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates SHSE:603049 with a GF Score™ of 45/100. The stock has 8 warning signs investors should review. Among 1,291 Vehicles & Parts companies, Zhongce Rubber Group Co ranks worse than 86.29% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Zhongce Rubber Group Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Zhongce Rubber Group Co's Piotroski F-Score or its related term are showing as below:
SHSE:603049'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 7
Current: 3
During the past 13 years, the highest Piotroski F-Score of Zhongce Rubber Group Co was 7. The lowest was 1. And the median was 5.
Zhongce Rubber Group Co (SHSE:603049) 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.
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.
Zhongce Rubber Group Co Piotroski F-Score Related Terms
Zhongce Rubber Group Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Zhongce Rubber Group 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.
SHSE:603049 vs ORLY, AZO: Piotroski F-Score Comparison
For the Auto Parts subindustry, Zhongce Rubber Group 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.
Zhongce Rubber Group Co Piotroski F-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Zhongce Rubber Group Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Zhongce Rubber Group Co's Piotroski F-Score falls into.
* 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 (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 1190.975 + 634.259 + 1219.621 + 1220.78 = ¥4,266 Mil. Cash Flow from Operations was 817.702 + 1073.752 + 621.896 + 219.375 = ¥2,733 Mil. Revenue was 11827.565 + 11273.603 + 11190.703 + 12283.793 = ¥46,576 Mil. Gross Profit was 2450.296 + 1899.057 + 2577.564 + 2313.597 = ¥9,241 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(51767.39 + 51081.249 + 52221.061 + 53805 + 55754.458) / 5 = ¥52925.8316 Mil. Total Assets at the begining of this year (Jun25) was ¥51,767 Mil. Long-Term Debt & Capital Lease Obligation was ¥4,006 Mil. Total Current Assets was ¥27,935 Mil. Total Current Liabilities was ¥25,919 Mil.
Net Income was 674.538 + 572.918 + 1151.555 + 1170.678 = ¥3,570 Mil.
Revenue was 10775.11 + 9961.501 + 10640.817 + 11214.245 = ¥42,592 Mil. Gross Profit was 10775.11 + 1385.189 + 2281.037 + 2207.059 = ¥16,648 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(41865.528 + 43829.276 + 44824.439 + 46614.888 + 51767.39) / 5 = ¥45780.3042 Mil. Total Assets at the begining of last year (Jun24) was ¥41,866 Mil. Long-Term Debt & Capital Lease Obligation was ¥3,105 Mil. Total Current Assets was ¥26,812 Mil. Total Current Liabilities was ¥25,131 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.
Zhongce Rubber Group Co's current Net Income (TTM) was 4,266.
==> 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.
Zhongce Rubber Group Co's current Cash Flow from Operations (TTM) was 2,733.
==> 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.
Zhongce Rubber Group Co's return on assets of this year was 0.08240004. Zhongce Rubber Group Co's return on assets of last year was 0.08526559.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Zhongce Rubber Group Co's gearing of this year was 0.0756926. Zhongce Rubber Group Co's gearing of last year was 0.06782803.
==> 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
Zhongce Rubber Group Co's current ratio of this year was 1.07779446. Zhongce Rubber Group Co's current ratio of last year was 1.06687548.
==> 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.
Zhongce Rubber Group Co's number of shares in issue this year was 871.966. Zhongce Rubber Group Co's number of shares in issue last year was 812.804.
==> 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.
Zhongce Rubber Group Co's gross margin of this year was 0.1983979. Zhongce Rubber Group Co's gross margin of last year was 0.3908838.
==> 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
Zhongce Rubber Group Co's asset turnover of this year was 0.89971049. Zhongce Rubber Group Co's asset turnover of last year was 1.0173447.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Zhongce Rubber Group Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Zhongce Rubber Group Co (SHSE:603049) has a Piotroski F-Score of 3 as of Aug. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Zhongce Rubber Group Co and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Zhongce Rubber Group Co's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Zhongce Rubber Group Co ranks #1114 out of 1291 companies in the Vehicles & Parts industry, placing it in the top 86.3%.
Is Zhongce Rubber Group Co's Piotroski F-Score too high?
Zhongce Rubber Group Co's current Piotroski F-Score of 3 is 40% below 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 7.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Zhongce Rubber Group Co's value of 3 is 40% below this industry median. Based on the distribution chart, Zhongce Rubber Group Co ranks #1114 out of 1291 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Zhongce Rubber Group Co has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Zhongce Rubber Group Co's Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Zhongce Rubber Group Co ranks #1114 out of 1291 companies for Piotroski F-Score. This places Zhongce Rubber Group Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Zhongce Rubber Group Co's value of 3 is 40% below this benchmark. Historically, Zhongce Rubber Group Co's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Zhongce Rubber Group 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,291 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. Zhongce Rubber Group Co's current Piotroski F-Score of 3 is 40% 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 Zhongce Rubber Group Co and its competitors. For the Vehicles & Parts 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. Zhongce Rubber Group Co's current Piotroski F-Score is 3, which is 40% below 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 Zhongce Rubber Group Co stock overvalued right now?
Zhongce Rubber Group Co (SHSE:603049) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Vehicles & Parts industry median of 5.00. Zhongce Rubber Group Co's overall GF Score™ is 45/100 with 8 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 Zhongce Rubber Group Co (SHSE:603049), the current Piotroski F-Score is 3 as of Aug. 30, 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.
Zhongce Rubber Group Co Ltd is engaged in Research and development, production and sales of tire products such as all-steel tires, semi-steel tires, bias tires and car tires.
45GF Score
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