Jinhui Mining Co (SHSE:603132) Piotroski F-Score: 6 (As of Jul. 25, 2026) — 20% Above Median

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SHSE:603132 Jinhui Mining Co Ltd SHSE:603132
74 GF Score
Price ¥14.62
GF Value ¥23.08
Valuation Significantly Undervalued
! 7 Warning Signs
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What is Jinhui Mining Co Piotroski F-Score?

Jinhui Mining Co SHSE:603132 -5.68% 74 Piotroski F-Score is 6 as of Jul. 25, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates SHSE:603132 with a GF Score™ of 74/100 and a GF Value™ of ¥23.08 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 2,502 Metals & Mining companies, Jinhui Mining Co ranks better than 91.29% 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

Jinhui Mining Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

SHSE:603132' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 7
Current: 6

During the past 8 years, the highest Piotroski F-Score of Jinhui Mining Co was 7. The lowest was 4. And the median was 5.

Jinhui Mining Co  (SHSE:603132) 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.


Jinhui Mining Co Piotroski F-Score Related Terms


Jinhui Mining Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Jinhui 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.

Jinhui Mining Co Piotroski F-Score Chart

Jinhui Mining Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 6.00 4.00 7.00 4.00

Jinhui Mining 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 6.00 5.00 5.00 4.00 6.00

Jinhui Mining Co Piotroski F-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Jinhui 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.


Jinhui Mining Co Piotroski F-Score vs Metals & Mining Industry

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

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


SHSE:603132
74GF Score
Jinhui Mining Co Ltd SHSE:603132
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 159.297 + 92.895 + 196.248 + 204.928 = ¥653 Mil.
Cash Flow from Operations was 234.182 + 85.301 + 486.172 + 196.184 = ¥1,002 Mil.
Revenue was 448.609 + 388.016 + 544.08 + 528.197 = ¥1,909 Mil.
Gross Profit was 295.899 + 234.268 + 377.382 + 371.749 = ¥1,279 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(7280.465 + 7490.603 + 7727.666 + 8127.22 + 8830.351) / 5 = ¥7891.261 Mil.
Total Assets at the begining of this year (Mar25) was ¥7,280 Mil.
Long-Term Debt & Capital Lease Obligation was ¥2,080 Mil.
Total Current Assets was ¥645 Mil.
Total Current Liabilities was ¥3,155 Mil.
Net Income was 132.383 + 133.195 + 125.542 + 93.827 = ¥485 Mil.

Revenue was 417.469 + 385.907 + 436.732 + 343 = ¥1,583 Mil.
Gross Profit was 256.476 + 242.737 + 289.115 + 212.167 = ¥1,000 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(6398.681 + 5985.792 + 6141.961 + 7149.252 + 7280.465) / 5 = ¥6591.2302 Mil.
Total Assets at the begining of last year (Mar24) was ¥6,399 Mil.
Long-Term Debt & Capital Lease Obligation was ¥1,611 Mil.
Total Current Assets was ¥900 Mil.
Total Current Liabilities was ¥2,167 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.

Jinhui Mining Co's current Net Income (TTM) was 653. ==> 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.

Jinhui Mining Co's current Cash Flow from Operations (TTM) was 1,002. ==> 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)
=653.368/7280.465
=0.08974262

ROA (Last Year)=Net Income/Total Assets (Mar24)
=484.947/6398.681
=0.07578859

Jinhui Mining Co's return on assets of this year was 0.08974262. Jinhui Mining Co's return on assets of last year was 0.07578859. ==> 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.

Jinhui Mining Co's current Net Income (TTM) was 653. Jinhui Mining Co's current Cash Flow from Operations (TTM) was 1,002. ==> 1,002 > 653 ==> 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
=2080.153/7891.261
=0.2636021

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1611.053/6591.2302
=0.24442372

Jinhui Mining Co's gearing of this year was 0.2636021. Jinhui Mining Co's gearing of last year was 0.24442372. ==> 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
=645.148/3155.093
=0.20447828

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=900.442/2166.509
=0.41561886

Jinhui Mining Co's current ratio of this year was 0.20447828. Jinhui Mining Co's current ratio of last year was 0.41561886. ==> 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.

Jinhui Mining Co's number of shares in issue this year was 975.846. Jinhui Mining Co's number of shares in issue last year was 938.266. ==> 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
=1279.298/1908.902
=0.67017479

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1000.495/1583.108
=0.63198152

Jinhui Mining Co's gross margin of this year was 0.67017479. Jinhui Mining Co's gross margin of last year was 0.63198152. ==> 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)
=1908.902/7280.465
=0.26219507

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1583.108/6398.681
=0.24741161

Jinhui Mining Co's asset turnover of this year was 0.26219507. Jinhui Mining Co's asset turnover of last year was 0.24741161. ==> 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+1+1
=6

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

Jinhui Mining Co has an F-score of 6 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 6 mean?
Jinhui Mining Co (SHSE:603132) has a Piotroski F-Score of 6 as of Jul. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Jinhui Mining Co and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Jinhui Mining Co's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Jinhui Mining Co ranks #218 out of 2502 companies in the Metals & Mining industry, placing it in the top 8.7%.
Is Jinhui Mining Co's Piotroski F-Score too high?
Jinhui Mining Co's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Jinhui Mining Co's value of 6 is 100% above this industry median. Based on the distribution chart, Jinhui Mining Co ranks #218 out of 2502 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Jinhui Mining Co has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jinhui Mining Co's Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Jinhui Mining Co ranks #218 out of 2502 companies for Piotroski F-Score. This places Jinhui Mining Co in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Jinhui Mining Co's value of 6 is 100% above this benchmark. Historically, Jinhui Mining Co's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 3.00, Jinhui 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 2,502 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. Jinhui Mining Co's current Piotroski F-Score of 6 is 100% 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 Jinhui 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. Jinhui Mining Co's current Piotroski F-Score is 6, which is 20% 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 Jinhui Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Jinhui Mining Co (SHSE:603132) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥23.08, compared to a current price of ¥14.62 — trading 36.7% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 100% above the Metals & Mining industry median of 3.00. Jinhui Mining Co's overall GF Score™ is 74/100 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 Jinhui Mining Co (SHSE:603132), the current Piotroski F-Score is 6 as of Jul. 25, 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 Jinhui Mining Co (SHSE:603132) Overvalued in 2026?

Based on GuruFocus' analysis, Jinhui Mining Co stock appears to be undervalued. The current stock price of ¥14.62 is trading 36.7% below its estimated GF Value™ of ¥23.08. GuruFocus considers Jinhui Mining Co to be Significantly Undervalued.

Key valuation signals for SHSE:603132:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: ¥23.08 vs. price of ¥14.62 (36.7% below fair value)
  • GF Score™: 74/100 with 7 warning signs
  • Industry Position: 100% above the Metals & Mining median (#218 of 2502)

No single metric tells the full story. See the SHSE:603132 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jinhui Mining Co Business Description

Address Liulin Town, Hui County, Gansu Province, Longnan, CHN, 742312
Jinhui Mining Co Ltd is engaged in the mining and trading of non-ferrous metals.
74GF Score

Get the complete analysis for SHSE:603132

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

¥14.62
Price
¥23.08
GF Value