Hwaway Technology (SZSE:001380) Piotroski F-Score: 7 (As of Sep. 13, 2026) — 17% Above Median

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SZSE:001380 Hwaway Technology Corp Ltd SZSE:001380
80 GF Score
Price ¥18.19
GF Value ¥21.70
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Hwaway Technology Piotroski F-Score?

Hwaway Technology SZSE:001380 -0.38% 80 Piotroski F-Score is 7 as of Sep. 13, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates SZSE:001380 with a GF Score™ of 80/100 and a GF Value™ of ¥21.70 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,307 Vehicles & Parts companies, Hwaway Technology ranks better than 87.76% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Hwaway Technology has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

SZSE:001380' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 7
Current: 7

During the past 7 years, the highest Piotroski F-Score of Hwaway Technology was 7. The lowest was 2. And the median was 6.

Hwaway Technology  (SZSE:001380) 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.


Hwaway Technology Piotroski F-Score Related Terms


Hwaway Technology Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Hwaway Technology'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.

Hwaway Technology Piotroski F-Score Chart

Hwaway Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 7.00 3.00 6.00

Hwaway Technology Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 5.00 6.00 6.00 4.00 7.00

SZSE:001380 vs ORLY, AZO, GPC: Piotroski F-Score Comparison

For the Auto Parts subindustry, Hwaway Technology'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.


Hwaway Technology Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hwaway Technology's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Hwaway Technology's Piotroski F-Score falls into.


SZSE:001380
80GF Score
Hwaway Technology Corp Ltd SZSE:001380
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 77.588 + 70.527 + 41.704 + 75.034 = ¥265 Mil.
Cash Flow from Operations was 4.418 + 170.798 + 129.338 + -2.777 = ¥302 Mil.
Revenue was 474.556 + 580.346 + 423.034 + 578.703 = ¥2,057 Mil.
Gross Profit was 156.448 + 132.727 + 118.858 + 183.524 = ¥592 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(2666.149 + 2807.436 + 2998.827 + 2888.294 + 2905.064) / 5 = ¥2853.154 Mil.
Total Assets at the begining of this year (Jun25) was ¥2,666 Mil.
Long-Term Debt & Capital Lease Obligation was ¥3 Mil.
Total Current Assets was ¥2,023 Mil.
Total Current Liabilities was ¥813 Mil.
Net Income was 72.195 + 72.926 + 63.847 + 63.121 = ¥272 Mil.

Revenue was 527.432 + 626.264 + 449.994 + 487.278 = ¥2,091 Mil.
Gross Profit was 141.777 + 169.865 + 112.681 + 128.548 = ¥553 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(2235.237 + 2419.177 + 2711.792 + 2639.762 + 2666.149) / 5 = ¥2534.4234 Mil.
Total Assets at the begining of last year (Jun24) was ¥2,235 Mil.
Long-Term Debt & Capital Lease Obligation was ¥3 Mil.
Total Current Assets was ¥1,976 Mil.
Total Current Liabilities was ¥811 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.

Hwaway Technology's current Net Income (TTM) was 265. ==> 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.

Hwaway Technology's current Cash Flow from Operations (TTM) was 302. ==> 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 (Jun25)
=264.853/2666.149
=0.09933916

ROA (Last Year)=Net Income/Total Assets (Jun24)
=272.089/2235.237
=0.12172714

Hwaway Technology's return on assets of this year was 0.09933916. Hwaway Technology's return on assets of last year was 0.12172714. ==> Last year is higher ==> Score 0.

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.

Hwaway Technology's current Net Income (TTM) was 265. Hwaway Technology's current Cash Flow from Operations (TTM) was 302. ==> 302 > 265 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=2.82/2853.154
=0.00098838

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=2.77/2534.4234
=0.00109295

Hwaway Technology's gearing of this year was 0.00098838. Hwaway Technology's gearing of last year was 0.00109295. ==> 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

Current Ratio (This Year: Jun26)=Total Current Assets/Total Current Liabilities
=2023.199/812.618
=2.48972949

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=1976.172/810.868
=2.4371069

Hwaway Technology's current ratio of this year was 2.48972949. Hwaway Technology's current ratio of last year was 2.4371069. ==> 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.

Hwaway Technology's number of shares in issue this year was 263.681. Hwaway Technology's number of shares in issue last year was 276.222. ==> 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
=591.557/2056.639
=0.28763288

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=552.871/2090.968
=0.26440912

Hwaway Technology's gross margin of this year was 0.28763288. Hwaway Technology's gross margin of last year was 0.26440912. ==> 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 (Jun25)
=2056.639/2666.149
=0.77138937

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=2090.968/2235.237
=0.93545696

Hwaway Technology's asset turnover of this year was 0.77138937. Hwaway Technology's asset turnover of last year was 0.93545696. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+1+1+1+1+0
=7

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

Hwaway Technology has an F-score of 7. 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 7 mean?
Hwaway Technology (SZSE:001380) has a Piotroski F-Score of 7 as of Sep. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hwaway Technology and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Hwaway Technology's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Hwaway Technology ranks #160 out of 1307 companies in the Vehicles & Parts industry, placing it in the top 12.2%.
Is Hwaway Technology's Piotroski F-Score too high?
Hwaway Technology's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Vehicles & Parts industry median Piotroski F-Score is 6.00. Hwaway Technology's value of 7 is 16.7% above this industry median. Based on the distribution chart, Hwaway Technology ranks #160 out of 1307 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Hwaway Technology has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hwaway Technology's Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Hwaway Technology ranks #160 out of 1307 companies for Piotroski F-Score. This places Hwaway Technology in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Hwaway Technology's value of 7 is 16.7% above this benchmark. Historically, Hwaway Technology's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Hwaway Technology 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 6.00, based on 1,307 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. Hwaway Technology's current Piotroski F-Score of 7 is 16.7% 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 Hwaway Technology and its competitors. For the Vehicles & Parts industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hwaway Technology's current Piotroski F-Score is 7, which is 17% above 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 Hwaway Technology stock overvalued right now?
Based on GuruFocus' analysis, Hwaway Technology (SZSE:001380) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥21.70, compared to a current price of ¥18.19 — trading 16.2% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 16.7% above the Vehicles & Parts industry median of 6.00. Hwaway Technology's overall GF Score™ is 80/100 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 Hwaway Technology (SZSE:001380), the current Piotroski F-Score is 7 as of Sep. 13, 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 Hwaway Technology (SZSE:001380) Overvalued in 2026?

Based on GuruFocus' analysis, Hwaway Technology stock appears to be undervalued. The current stock price of ¥18.19 is trading 16.2% below its estimated GF Value™ of ¥21.70. GuruFocus considers Hwaway Technology to be Modestly Undervalued.

Key valuation signals for SZSE:001380:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: ¥21.70 vs. price of ¥18.19 (16.2% below fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 16.7% above the Vehicles & Parts median (#160 of 1307)

No single metric tells the full story. See the SZSE:001380 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hwaway Technology Business Description

Address No. 26, Qianxi Road, Taozhu Street, Zhejiang Province, Zhuji, CHN, 311800
Hwaway Technology Corp Ltd is mainly engaged in the research and development, production, and sales of springs. The products include suspension springs, brake springs, valves, and special-shaped springs, stabilizer bars, etc., which are mainly used in the automotive industry. The company has been deeply involved in the field of spring manufacturing for many years and has accumulated rich experience in technological innovation, process improvement, production management, and quality control.
80GF Score

Get the complete analysis for SZSE:001380

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

¥18.19
Price
¥21.70
GF Value