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Jonhon Optronic Technology Co (SZSE:002179) Piotroski F-Score : 3 (As of Jul. 24, 2025)


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What is Jonhon Optronic Technology Co Piotroski F-Score?

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

Jonhon Optronic Technology 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 Jonhon Optronic Technology Co's Piotroski F-Score or its related term are showing as below:

SZSE:002179' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of Jonhon Optronic Technology Co was 8. The lowest was 2. And the median was 5.


Jonhon Optronic Technology Co Piotroski F-Score Historical Data

The historical data trend for Jonhon Optronic Technology 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.

* Premium members only.

Jonhon Optronic Technology Co Piotroski F-Score Chart

Jonhon Optronic Technology Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 3.00 7.00 2.00

Jonhon Optronic Technology Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 5.00 2.00 3.00

Competitive Comparison of Jonhon Optronic Technology Co's Piotroski F-Score

For the Electronic Components subindustry, Jonhon Optronic Technology 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.


Jonhon Optronic Technology Co's Piotroski F-Score Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jonhon Optronic Technology Co's Piotroski F-Score distribution charts can be found below:

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


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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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 917.286 + 844.887 + 841.229 + 639.869 = ¥3,243 Mil.
Cash Flow from Operations was 1280.058 + -409.662 + 1424.469 + -1125.953 = ¥1,169 Mil.
Revenue was 5183.849 + 4897.783 + 6590.532 + 4838.671 = ¥21,511 Mil.
Gross Profit was 1994.278 + 1738.82 + 2412.135 + 1376.047 = ¥7,521 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(35610.504 + 35917.209 + 37901.585 + 41246.813 + 41148.948) / 5 = ¥38365.0118 Mil.
Total Assets at the begining of this year (Mar24) was ¥35,611 Mil.
Long-Term Debt & Capital Lease Obligation was ¥952 Mil.
Total Current Assets was ¥30,855 Mil.
Total Current Liabilities was ¥13,841 Mil.
Net Income was 960.165 + 940.227 + 445.582 + 750.886 = ¥3,097 Mil.

Revenue was 5415.823 + 4601.232 + 4715.37 + 4013.364 = ¥18,746 Mil.
Gross Profit was 1982.389 + 1864.778 + 1650.746 + 1426.721 = ¥6,925 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(32779.213 + 32579.593 + 34571.367 + 35569.904 + 35610.504) / 5 = ¥34222.1162 Mil.
Total Assets at the begining of last year (Mar23) was ¥32,779 Mil.
Long-Term Debt & Capital Lease Obligation was ¥626 Mil.
Total Current Assets was ¥27,408 Mil.
Total Current Liabilities was ¥11,528 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.

Jonhon Optronic Technology Co's current Net Income (TTM) was 3,243. ==> 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.

Jonhon Optronic Technology Co's current Cash Flow from Operations (TTM) was 1,169. ==> 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 (Mar24)
=3243.271/35610.504
=0.09107625

ROA (Last Year)=Net Income/Total Assets (Mar23)
=3096.86/32779.213
=0.09447634

Jonhon Optronic Technology Co's return on assets of this year was 0.09107625. Jonhon Optronic Technology Co's return on assets of last year was 0.09447634. ==> 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.

Jonhon Optronic Technology Co's current Net Income (TTM) was 3,243. Jonhon Optronic Technology Co's current Cash Flow from Operations (TTM) was 1,169. ==> 1,169 <= 3,243 ==> CFROA <= ROA ==> Score 0.

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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=952.012/38365.0118
=0.02481459

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=626.012/34222.1162
=0.01829262

Jonhon Optronic Technology Co's gearing of this year was 0.02481459. Jonhon Optronic Technology Co's gearing of last year was 0.01829262. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=30854.793/13840.828
=2.22925919

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=27407.964/11527.589
=2.37759726

Jonhon Optronic Technology Co's current ratio of this year was 2.22925919. Jonhon Optronic Technology Co's current ratio of last year was 2.37759726. ==> 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.

Jonhon Optronic Technology Co's number of shares in issue this year was 2121.582. Jonhon Optronic Technology Co's number of shares in issue last year was 2117.558. ==> 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
=7521.28/21510.835
=0.34965077

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6924.634/18745.789
=0.36939677

Jonhon Optronic Technology Co's gross margin of this year was 0.34965077. Jonhon Optronic Technology Co's gross margin of last year was 0.36939677. ==> 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 (Mar24)
=21510.835/35610.504
=0.60405871

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=18745.789/32779.213
=0.57188039

Jonhon Optronic Technology Co's asset turnover of this year was 0.60405871. Jonhon Optronic Technology Co's asset turnover of last year was 0.57188039. ==> 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+0+0+0+0+0+0+1
=3

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

Jonhon Optronic Technology Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Jonhon Optronic Technology Co  (SZSE:002179) 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.


Jonhon Optronic Technology Co Piotroski F-Score Related Terms

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Jonhon Optronic Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No.6 Qianjingnan Lu, Luoyang of China (Henan) Pilot Free Trade Zone, Luoyang, CHN, 471003
Jonhon Optronic Technology Co Ltd provides outdoor fiber, outdoor power supply, low-frequency signal, RF, board-to-board power supply, board-to-board high-speed, I/O power supply, and other interconnect solutions for wireless base stations. Its products are used for electrical and signal connection in outdoor antennas, RRU/AAU, BBU, small cells, and other equipment.
Executives
Han Feng Director
Wang Yue Feng Executives
Liang Guo Wei Executives
Chen Xue Yong Executives
Li Sen Directors, executives
Guo Ze Yi Director
Liu Yang Directors, Directors, and Executives
Wang Yan Yang Executives
Chen Ge Executives
Zhang Xin Bo Executives
Ye Hua Securities Affairs Representative
Liang Jie Supervisors
Tang Jun Director
Xi Ming Qiang Supervisors
Li Peng Supervisors

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