Jinxin Fertility Group (HKSE:01951) Beneish M-Score: -3.43 (As of Aug. 10, 2026)

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HKSE:01951 Jinxin Fertility Group Ltd HKSE:01951
81 GF Score
Price HK$2.16
GF Value HK$3.74
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Jinxin Fertility Group Beneish M-Score?

Jinxin Fertility Group HKSE:01951 -2.26% 81 Beneish M-Score is -3.43 as of Aug. 10, 2026. GuruFocus rates HKSE:01951 with a GF Score™ of 81/100 and a GF Value™ of HK$3.74 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 625 Healthcare Providers & Services companies, Jinxin Fertility Group ranks better than 88.96% on this metric.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Good Sign:

Beneish M-Score -3.43 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Jinxin Fertility Group's Beneish M-Score or its related term are showing as below:

HKSE:01951' s Beneish M-Score Range Over the Past 10 Years
Min: -3.43   Med: -2.5   Max: -0.66
Current: -3.43

During the past 10 years, the highest Beneish M-Score of Jinxin Fertility Group was -0.66. The lowest was -3.43. And the median was -2.50.

Jinxin Fertility Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Jinxin Fertility Group's Beneish M-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.

Jinxin Fertility Group Beneish M-Score Chart

Jinxin Fertility Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.66 -2.99 -2.59 -2.41 -3.43

Jinxin Fertility Group Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-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 -2.59 0.00 -2.41 0.00 -3.43

HKSE:01951 vs HCA, THC, DVA: Beneish M-Score Comparison

For the Medical Care Facilities subindustry, Jinxin Fertility Group's Beneish M-Score, along with its competitors' market caps and Beneish M-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.

Jinxin Fertility Group Beneish M-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Jinxin Fertility Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Jinxin Fertility Group's Beneish M-Score falls into.


HKSE:01951
81GF Score
Jinxin Fertility Group Ltd HKSE:01951
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jinxin Fertility Group Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Jinxin Fertility Group for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 0.5801+0.528 * 1.1685+0.404 * 0.9415+0.892 * 0.9749+0.115 * 0.8453
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1108+4.679 * -0.112084-0.327 * 1.1426
=-3.43

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was HK$208 Mil.
Revenue was HK$2,926 Mil.
Gross Profit was HK$979 Mil.
Total Current Assets was HK$1,380 Mil.
Total Assets was HK$15,425 Mil.
Property, Plant and Equipment(Net PPE) was HK$3,750 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$381 Mil.
Selling, General, & Admin. Expense(SGA) was HK$732 Mil.
Total Current Liabilities was HK$1,592 Mil.
Long-Term Debt & Capital Lease Obligation was HK$2,400 Mil.
Net Income was HK$-1,078 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$651 Mil.
 Total Receivables was HK$367 Mil.
Revenue was HK$3,002 Mil.
Gross Profit was HK$1,174 Mil.
Total Current Assets was HK$1,164 Mil.
Total Assets was HK$15,996 Mil.
Property, Plant and Equipment(Net PPE) was HK$3,492 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$295 Mil.
Selling, General, & Admin. Expense(SGA) was HK$676 Mil.
Total Current Liabilities was HK$2,263 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1,360 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(207.692 / 2926.498) / (367.258 / 3001.863)
=0.070969 / 0.122343
=0.5801

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(1173.856 / 3001.863) / (979.384 / 2926.498)
=0.391042 / 0.334661
=1.1685

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (1380.341 + 3749.604) / 15425.422) / (1 - (1163.687 + 3492.251) / 15995.643)
=0.667436 / 0.708925
=0.9415

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=2926.498 / 3001.863
=0.9749

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(295.02 / (295.02 + 3492.251)) / (380.599 / (380.599 + 3749.604))
=0.077898 / 0.09215
=0.8453

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(732.109 / 2926.498) / (676.03 / 3001.863)
=0.250166 / 0.225203
=1.1108

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((2400.074 + 1591.956) / 15425.422) / ((1360.141 + 2262.879) / 15995.643)
=0.258796 / 0.2265
=1.1426

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(-1078.373 - 0 - 650.565) / 15425.422
=-0.112084

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Jinxin Fertility Group has a M-score of -3.43 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -3.43 mean?
Jinxin Fertility Group (HKSE:01951) has a Beneish M-Score of -3.43 as of Aug. 10, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jinxin Fertility Group and its competitors. According to the industry distribution chart, Jinxin Fertility Group ranks #69 out of 625 companies in the Healthcare Providers & Services industry, placing it in the top 11%.
Is Jinxin Fertility Group's Beneish M-Score too high?
Jinxin Fertility Group's current Beneish M-Score is -3.43. Based on the distribution chart, Jinxin Fertility Group ranks #69 out of 625 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Jinxin Fertility Group has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Jinxin Fertility Group's Beneish M-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Jinxin Fertility Group ranks #69 out of 625 companies for Beneish M-Score. This places Jinxin Fertility Group in the top 11% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Healthcare Providers & Services company?
A good Beneish M-Score depends on the Healthcare Providers & Services industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jinxin Fertility Group and its competitors. Jinxin Fertility Group's current Beneish M-Score is -3.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jinxin Fertility Group stock overvalued right now?
Based on GuruFocus' analysis, Jinxin Fertility Group (HKSE:01951) is currently considered Possible Value Trap. The stock's GF Value™ is HK$3.74, compared to a current price of HK$2.16 — trading 42.2% below its estimated fair value. The current Beneish M-Score is -3.43. Jinxin Fertility Group's overall GF Score™ is 81/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Jinxin Fertility Group (HKSE:01951), the current Beneish M-Score is -3.43 as of Aug. 10, 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 Jinxin Fertility Group (HKSE:01951) Overvalued in 2026?

Based on GuruFocus' analysis, Jinxin Fertility Group stock appears to be undervalued. The current stock price of HK$2.16 is trading 42.2% below its estimated GF Value™ of HK$3.74. GuruFocus considers Jinxin Fertility Group to be Possible Value Trap.

Key valuation signals for HKSE:01951:

  • Beneish M-Score: -3.43
  • GF Value™: HK$3.74 vs. price of HK$2.16 (42.2% below fair value)
  • GF Score™: 81/100 with 8 warning signs

No single metric tells the full story. See the HKSE:01951 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Jinxin Fertility Group Business Description

Address No. 301, North Jingsha Road, Jinjiang District, Sichuan, Chengdu, CHN
Jinxin Fertility Group Ltd is an investment holding company. Along with its subsidiaries, it is engaged in providing IVF services in both China and the United States. The firm, through its subsidiary, is engaged in Assisted reproductive services, management services, ambulatory surgery centre facilities services, obstetrics, gynecology & pediatrics medical services, sales of medical consumables and equipment. and ancillary medical services. Geographically, the company generates a majority of its revenue from Greater China, with a small portion of revenue generated from Overseas Business.
81GF Score

Get the complete analysis for HKSE:01951

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

HK$2.16
Price
HK$3.74
GF Value