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Chongqing Fuling Zhacai Group Co (SZSE:002507) Piotroski F-Score : 4 (As of Jul. 19, 2025)


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What is Chongqing Fuling Zhacai Group Co Piotroski F-Score?

The zones of discrimination were as such:

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

Chongqing Fuling Zhacai Group Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Chongqing Fuling Zhacai Group Co's Piotroski F-Score or its related term are showing as below:

SZSE:002507' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Chongqing Fuling Zhacai Group Co was 8. The lowest was 3. And the median was 6.


Chongqing Fuling Zhacai Group Co Piotroski F-Score Historical Data

The historical data trend for Chongqing Fuling Zhacai 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.

* Premium members only.

Chongqing Fuling Zhacai Group Co Piotroski F-Score Chart

Chongqing Fuling Zhacai Group 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 7.00 4.00 6.00 5.00 4.00

Chongqing Fuling Zhacai Group 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 3.00 4.00 4.00 4.00

Competitive Comparison of Chongqing Fuling Zhacai Group Co's Piotroski F-Score

For the Packaged Foods subindustry, Chongqing Fuling Zhacai 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.


Chongqing Fuling Zhacai Group Co's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Chongqing Fuling Zhacai Group Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Chongqing Fuling Zhacai Group 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 176.538 + 222.603 + 128.577 + 272.274 = ¥800 Mil.
Cash Flow from Operations was 199.387 + 325.278 + 326.188 + 19.736 = ¥871 Mil.
Revenue was 557.325 + 656.539 + 424.666 + 713.006 = ¥2,352 Mil.
Gross Profit was 274.07 + 368.765 + 184.228 + 398.974 = ¥1,226 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(9162.266 + 8874.944 + 9116.729 + 9393.687 + 9690.332) / 5 = ¥9247.5916 Mil.
Total Assets at the begining of this year (Mar24) was ¥9,162 Mil.
Long-Term Debt & Capital Lease Obligation was ¥1 Mil.
Total Current Assets was ¥7,624 Mil.
Total Current Liabilities was ¥612 Mil.
Net Income was 209.128 + 188.846 + 167.25 + 271.629 = ¥837 Mil.

Revenue was 576.738 + 614.669 + 498.239 + 748.597 = ¥2,438 Mil.
Gross Profit was 281.443 + 280.814 + 252.348 + 390.092 = ¥1,205 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(8726.689 + 8475.855 + 8590.608 + 8769.393 + 9162.266) / 5 = ¥8744.9622 Mil.
Total Assets at the begining of last year (Mar23) was ¥8,727 Mil.
Long-Term Debt & Capital Lease Obligation was ¥0 Mil.
Total Current Assets was ¥7,291 Mil.
Total Current Liabilities was ¥550 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.

Chongqing Fuling Zhacai Group Co's current Net Income (TTM) was 800. ==> 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.

Chongqing Fuling Zhacai Group Co's current Cash Flow from Operations (TTM) was 871. ==> 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)
=799.992/9162.266
=0.08731377

ROA (Last Year)=Net Income/Total Assets (Mar23)
=836.853/8726.689
=0.09589582

Chongqing Fuling Zhacai Group Co's return on assets of this year was 0.08731377. Chongqing Fuling Zhacai Group Co's return on assets of last year was 0.09589582. ==> 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.

Chongqing Fuling Zhacai Group Co's current Net Income (TTM) was 800. Chongqing Fuling Zhacai Group Co's current Cash Flow from Operations (TTM) was 871. ==> 871 > 800 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.52/9247.5916
=5.623E-5

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=0.101/8744.9622
=1.155E-5

Chongqing Fuling Zhacai Group Co's gearing of this year was 5.623E-5. Chongqing Fuling Zhacai Group Co's gearing of last year was 1.155E-5. ==> 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
=7624.269/611.824
=12.46153959

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=7291.365/549.732
=13.26349021

Chongqing Fuling Zhacai Group Co's current ratio of this year was 12.46153959. Chongqing Fuling Zhacai Group Co's current ratio of last year was 13.26349021. ==> 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.

Chongqing Fuling Zhacai Group Co's number of shares in issue this year was 1134.473. Chongqing Fuling Zhacai Group Co's number of shares in issue last year was 1131.788. ==> 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
=1226.037/2351.536
=0.52137709

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1204.697/2438.243
=0.49408406

Chongqing Fuling Zhacai Group Co's gross margin of this year was 0.52137709. Chongqing Fuling Zhacai Group Co's gross margin of last year was 0.49408406. ==> 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 (Mar24)
=2351.536/9162.266
=0.25665441

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=2438.243/8726.689
=0.2794007

Chongqing Fuling Zhacai Group Co's asset turnover of this year was 0.25665441. Chongqing Fuling Zhacai Group Co's asset turnover of last year was 0.2794007. ==> 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+0+0+0+1+0
=4

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

Chongqing Fuling Zhacai Group Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Chongqing Fuling Zhacai Group Co  (SZSE:002507) 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.


Chongqing Fuling Zhacai Group Co Piotroski F-Score Related Terms

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Chongqing Fuling Zhacai Group Co Business Description

Traded in Other Exchanges
N/A
Address
No 29 South Tiyu Road, Fuling District, Chongqing, CHN, 408000
Chongqing Fuling Zhacai Group Co Ltd operates in the Chinese appetizer industry. The company is engaged in the production and sale of mustard-related products in China. The company sells its products under the Wujiang brand name to chain stores such as such as Wal-Mart, Carrefour, supermarkets, convenience stores, farmer's markets, and other retail terminals. In addition, its products are exported to more than twelve countries including the European Union, the United States, Japan, and Hong Kong.
Executives
Wu Xiao Rong Directors, executives
Zhang Yong Executives
Zhao Ping Directors, executives
Zhou Bin Quan Director
Wei Yong Sheng Directors, Directors, and Executives
Xiang Wen Hao Director
Yuan Guo Sheng Directors, executives
He Yun Chuan Executives
Xiao Da Bo Supervisors
Nie Chuan Executives
Huang Zheng Kun Secretary, Director
Liu Jie Executives
Guo Xiang Ying Director
Mao Xiang Directors, executives
Zhang Xian Hai Executives

Chongqing Fuling Zhacai Group Co Headlines

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