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Wuhan Hvsen Biotechnology Co (SZSE:300871) Piotroski F-Score : 5 (As of Apr. 12, 2025)


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What is Wuhan Hvsen Biotechnology 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

Wuhan Hvsen Biotechnology Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

SZSE:300871' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 6
Current: 5

During the past 8 years, the highest Piotroski F-Score of Wuhan Hvsen Biotechnology Co was 6. The lowest was 3. And the median was 4.


Wuhan Hvsen Biotechnology Co Piotroski F-Score Historical Data

The historical data trend for Wuhan Hvsen Biotechnology 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.

Wuhan Hvsen Biotechnology Co Piotroski F-Score Chart

Wuhan Hvsen Biotechnology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial N/A 6.00 4.00 4.00 4.00

Wuhan Hvsen Biotechnology Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 4.00 3.00 3.00 5.00

Competitive Comparison of Wuhan Hvsen Biotechnology Co's Piotroski F-Score

For the Biotechnology subindustry, Wuhan Hvsen Biotechnology 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.


Wuhan Hvsen Biotechnology Co's Piotroski F-Score Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Wuhan Hvsen Biotechnology Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Wuhan Hvsen Biotechnology 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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 1.903 + -16.406 + -35.473 + 4.22 = ¥-46 Mil.
Cash Flow from Operations was 35.859 + -46.279 + 15.27 + 38.12 = ¥43 Mil.
Revenue was 328.373 + 206.809 + 229.495 + 356.25 = ¥1,121 Mil.
Gross Profit was 66.633 + 46.875 + 36.151 + 47.359 = ¥197 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(2911.146 + 2975.46 + 2993.838 + 2941.071 + 2912.533) / 5 = ¥2946.8096 Mil.
Total Assets at the begining of this year (Sep23) was ¥2,911 Mil.
Long-Term Debt & Capital Lease Obligation was ¥527 Mil.
Total Current Assets was ¥1,209 Mil.
Total Current Liabilities was ¥893 Mil.
Net Income was 26.3 + 14.856 + 1.042 + -1.021 = ¥41 Mil.

Revenue was 351.422 + 230.412 + 218.67 + 242.304 = ¥1,043 Mil.
Gross Profit was 88.01 + 55.71 + 44.634 + 46.316 = ¥235 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(2770.809 + 2989.114 + 3024.445 + 2975.568 + 2911.146) / 5 = ¥2934.2164 Mil.
Total Assets at the begining of last year (Sep22) was ¥2,771 Mil.
Long-Term Debt & Capital Lease Obligation was ¥597 Mil.
Total Current Assets was ¥1,207 Mil.
Total Current Liabilities was ¥722 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.

Wuhan Hvsen Biotechnology Co's current Net Income (TTM) was -46. ==> Negative ==> Score 0.

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.

Wuhan Hvsen Biotechnology Co's current Cash Flow from Operations (TTM) was 43. ==> 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 (Sep23)
=-45.756/2911.146
=-0.01571752

ROA (Last Year)=Net Income/Total Assets (Sep22)
=41.177/2770.809
=0.014861

Wuhan Hvsen Biotechnology Co's return on assets of this year was -0.01571752. Wuhan Hvsen Biotechnology Co's return on assets of last year was 0.014861. ==> 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.

Wuhan Hvsen Biotechnology Co's current Net Income (TTM) was -46. Wuhan Hvsen Biotechnology Co's current Cash Flow from Operations (TTM) was 43. ==> 43 > -46 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=527.025/2946.8096
=0.17884596

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=596.914/2934.2164
=0.20343217

Wuhan Hvsen Biotechnology Co's gearing of this year was 0.17884596. Wuhan Hvsen Biotechnology Co's gearing of last year was 0.20343217. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=1209.307/893.126
=1.35401612

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=1207.394/722.158
=1.67192498

Wuhan Hvsen Biotechnology Co's current ratio of this year was 1.35401612. Wuhan Hvsen Biotechnology Co's current ratio of last year was 1.67192498. ==> 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.

Wuhan Hvsen Biotechnology Co's number of shares in issue this year was 161.206. Wuhan Hvsen Biotechnology Co's number of shares in issue last year was 163.667. ==> 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
=197.018/1120.927
=0.17576345

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=234.67/1042.808
=0.22503663

Wuhan Hvsen Biotechnology Co's gross margin of this year was 0.17576345. Wuhan Hvsen Biotechnology Co's gross margin of last year was 0.22503663. ==> 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 (Sep23)
=1120.927/2911.146
=0.38504664

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=1042.808/2770.809
=0.37635506

Wuhan Hvsen Biotechnology Co's asset turnover of this year was 0.38504664. Wuhan Hvsen Biotechnology Co's asset turnover of last year was 0.37635506. ==> 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
=0+1+0+1+1+0+1+0+1
=5

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

Wuhan Hvsen Biotechnology Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Wuhan Hvsen Biotechnology Co  (SZSE:300871) 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.


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Wuhan Hvsen Biotechnology Co Business Description

Traded in Other Exchanges
N/A
Address
218 Zhangbai Road, Dongxihu District, Hubei Province, Wuhan, CHN, 430042
Wuhan Hvsen Biotechnology Co Ltd is engaged in research and development, production and sales of veterinary drugs (including chemical drug preparations, raw materials, and Chinese medicine preparations), feed and additives. It produces tylvalosin raw material, various tylvalosin preparations, florfenicol preparations and other macrolides products.

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