Auntea Jenny (Shanghai) Industrial Co (HKSE:02589) Beneish M-Score: -0.49 (As of Aug. 06, 2026)

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HKSE:02589 Auntea Jenny (Shanghai) Industrial Co Ltd HKSE:02589
23 GF Score
Price HK$128.80
! 2 Warning Signs
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What is Auntea Jenny (Shanghai) Industrial Co Beneish M-Score?

Auntea Jenny (Shanghai) Industrial Co HKSE:02589 +5.66% 23 Beneish M-Score is -0.49 as of Aug. 06, 2026. GuruFocus rates HKSE:02589 with a GF Score™ of 23/100. The stock has 2 warning signs investors should review. Among 357 Restaurants companies, Auntea Jenny (Shanghai) Industrial Co ranks worse than 97.2% 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.

Warning Sign:

Beneish M-Score -0.49 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Auntea Jenny (Shanghai) Industrial Co's Beneish M-Score or its related term are showing as below:

HKSE:02589' s Beneish M-Score Range Over the Past 10 Years
Min: -2.87   Med: -1.92   Max: -0.49
Current: -0.49

During the past 5 years, the highest Beneish M-Score of Auntea Jenny (Shanghai) Industrial Co was -0.49. The lowest was -2.87. And the median was -1.92.

Auntea Jenny (Shanghai) Industrial Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Auntea Jenny (Shanghai) Industrial Co'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.

Auntea Jenny (Shanghai) Industrial Co Beneish M-Score Chart

Auntea Jenny (Shanghai) Industrial Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.87 -1.92 -0.49

Auntea Jenny (Shanghai) Industrial Co Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 -1.92 0.00 -0.49 0.00

HKSE:02589 vs MCD, SBUX, YUM: Beneish M-Score Comparison

For the Restaurants subindustry, Auntea Jenny (Shanghai) Industrial Co'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.

Auntea Jenny (Shanghai) Industrial Co Beneish M-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Auntea Jenny (Shanghai) Industrial Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Auntea Jenny (Shanghai) Industrial Co's Beneish M-Score falls into.


HKSE:02589
23GF Score
Auntea Jenny (Shanghai) Industrial Co Ltd HKSE:02589
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Auntea Jenny (Shanghai) Industrial Co 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 Auntea Jenny (Shanghai) Industrial Co 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 * 2.056+0.528 * 0.9947+0.404 * 3.5077+0.892 * 1.4068+0.115 * 1.1882
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9178+4.679 * -0.084411-0.327 * 0.9788
=-0.49

* 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$80 Mil.
Revenue was HK$4,933 Mil.
Gross Profit was HK$1,551 Mil.
Total Current Assets was HK$2,772 Mil.
Total Assets was HK$3,294 Mil.
Property, Plant and Equipment(Net PPE) was HK$157 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$72 Mil.
Selling, General, & Admin. Expense(SGA) was HK$784 Mil.
Total Current Liabilities was HK$1,106 Mil.
Long-Term Debt & Capital Lease Obligation was HK$59 Mil.
Net Income was HK$554 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$832 Mil.
 Total Receivables was HK$28 Mil.
Revenue was HK$3,507 Mil.
Gross Profit was HK$1,097 Mil.
Total Current Assets was HK$1,770 Mil.
Total Assets was HK$1,981 Mil.
Property, Plant and Equipment(Net PPE) was HK$149 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$89 Mil.
Selling, General, & Admin. Expense(SGA) was HK$608 Mil.
Total Current Liabilities was HK$658 Mil.
Long-Term Debt & Capital Lease Obligation was HK$58 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)
=(79.856 / 4933.309) / (27.61 / 3506.85)
=0.016187 / 0.007873
=2.056

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)
=(1096.84 / 3506.85) / (1551.287 / 4933.309)
=0.312771 / 0.314452
=0.9947

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 - (2772.282 + 156.941) / 3293.656) / (1 - (1769.883 + 148.985) / 1981.368)
=0.110647 / 0.031544
=3.5077

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
=4933.309 / 3506.85
=1.4068

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))
=(88.505 / (88.505 + 148.985)) / (71.719 / (71.719 + 156.941))
=0.372668 / 0.313649
=1.1882

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)
=(784.335 / 4933.309) / (607.506 / 3506.85)
=0.158988 / 0.173234
=0.9178

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)
=((59.229 + 1105.679) / 3293.656) / ((58.142 + 657.807) / 1981.368)
=0.353682 / 0.361341
=0.9788

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
=(553.817 - 0 - 831.839) / 3293.656
=-0.084411

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.

Auntea Jenny (Shanghai) Industrial Co has a M-score of -0.49 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -0.49 mean?
Auntea Jenny (Shanghai) Industrial Co (HKSE:02589) has a Beneish M-Score of -0.49 as of Aug. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Auntea Jenny (Shanghai) Industrial Co and its competitors. According to the industry distribution chart, Auntea Jenny (Shanghai) Industrial Co ranks #347 out of 357 companies in the Restaurants industry, placing it in the top 97.2%.
Is Auntea Jenny (Shanghai) Industrial Co's Beneish M-Score too high?
Auntea Jenny (Shanghai) Industrial Co's current Beneish M-Score is -0.49. Based on the distribution chart, Auntea Jenny (Shanghai) Industrial Co ranks #347 out of 357 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Auntea Jenny (Shanghai) Industrial Co has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Auntea Jenny (Shanghai) Industrial Co's Beneish M-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Auntea Jenny (Shanghai) Industrial Co ranks #347 out of 357 companies for Beneish M-Score. This places Auntea Jenny (Shanghai) Industrial Co in the lower half of its industry. 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 Restaurants company?
A good Beneish M-Score depends on the Restaurants 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 Auntea Jenny (Shanghai) Industrial Co and its competitors. Auntea Jenny (Shanghai) Industrial Co's current Beneish M-Score is -0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Auntea Jenny (Shanghai) Industrial Co stock overvalued right now?
Auntea Jenny (Shanghai) Industrial Co (HKSE:02589) has a current Beneish M-Score of -0.49. The current Beneish M-Score is -0.49. Auntea Jenny (Shanghai) Industrial Co's overall GF Score™ is 23/100 with 2 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 Auntea Jenny (Shanghai) Industrial Co (HKSE:02589), the current Beneish M-Score is -0.49 as of Aug. 06, 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.

Auntea Jenny (Shanghai) Industrial Co Business Description

Other Exchanges 8AN:Germany
Address 440 Helen Road, Financial Street, 5th Floor, Building A, Helen Center, Hongkou District, Shanghai, CHN
Auntea Jenny (Shanghai) Industrial Co Ltd is a beverage company. The company focuses on providing consumers with high-value, healthy, freshly brewed tea drinks. Its products are Milk tea, Coconut milk, Smoothie, Fruit tea, Coffee, and others. The company operates under brands namely, Auntea Jenny, Fallstea, and Jenny x Coffee and operates a franchise-focused business model.
23GF Score

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

HK$128.80
Price