ContiOcean Environment Tech Group Co (HKSE:02613) Beneish M-Score: -1.85 (As of Jul. 15, 2026)

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HKSE:02613 ContiOcean Environment Tech Group Co Ltd HKSE:02613
19 GF Score
Price HK$30.60
! 8 Warning Signs
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What is ContiOcean Environment Tech Group Co Beneish M-Score?

ContiOcean Environment Tech Group Co HKSE:02613 19 Beneish M-Score is -1.85 as of Jul. 15, 2026. GuruFocus rates HKSE:02613 with a GF Score™ of 19/100. The stock has 8 warning signs investors should review. Among 326 Aerospace & Defense companies, ContiOcean Environment Tech Group Co ranks worse than 79.75% 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 -1.85 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for ContiOcean Environment Tech Group Co's Beneish M-Score or its related term are showing as below:

HKSE:02613' s Beneish M-Score Range Over the Past 10 Years
Min: -2.47   Med: -1.85   Max: -0.47
Current: -1.85

During the past 5 years, the highest Beneish M-Score of ContiOcean Environment Tech Group Co was -0.47. The lowest was -2.47. And the median was -1.85.

ContiOcean Environment Tech Group Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for ContiOcean Environment Tech Group 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.

ContiOcean Environment Tech Group Co Beneish M-Score Chart

ContiOcean Environment Tech Group Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.47 -0.47 -1.85

ContiOcean Environment Tech Group Co Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial -2.47 0.00 -0.47 0.00 -1.85

HKSE:02613 vs SPCX, GE, RTX: Beneish M-Score Comparison

For the Aerospace & Defense subindustry, ContiOcean Environment Tech Group 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.

ContiOcean Environment Tech Group Co Beneish M-Score vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, ContiOcean Environment Tech Group Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where ContiOcean Environment Tech Group Co's Beneish M-Score falls into.


HKSE:02613
19GF Score
ContiOcean Environment Tech Group Co Ltd HKSE:02613
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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ContiOcean Environment Tech Group 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 ContiOcean Environment Tech Group 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 * 1.7986+0.528 * 1.2987+0.404 * 0.6487+0.892 * 0.6453+0.115 * 1.12
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.4121+4.679 * 0.058192-0.327 * 1.0574
=-1.85

* 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$112.8 Mil.
Revenue was HK$423.3 Mil.
Gross Profit was HK$130.4 Mil.
Total Current Assets was HK$823.7 Mil.
Total Assets was HK$898.9 Mil.
Property, Plant and Equipment(Net PPE) was HK$53.9 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$5.9 Mil.
Selling, General, & Admin. Expense(SGA) was HK$81.5 Mil.
Total Current Liabilities was HK$353.3 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1.6 Mil.
Net Income was HK$6.2 Mil.
Gross Profit was HK$0.0 Mil.
Cash Flow from Operations was HK$-46.1 Mil.
 Total Receivables was HK$97.2 Mil.
Revenue was HK$656.0 Mil.
Gross Profit was HK$262.4 Mil.
Total Current Assets was HK$412.7 Mil.
Total Assets was HK$484.3 Mil.
Property, Plant and Equipment(Net PPE) was HK$53.9 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$6.7 Mil.
Selling, General, & Admin. Expense(SGA) was HK$89.5 Mil.
Total Current Liabilities was HK$148.2 Mil.
Long-Term Debt & Capital Lease Obligation was HK$32.6 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)
=(112.786 / 423.307) / (97.176 / 655.972)
=0.26644 / 0.14814
=1.7986

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)
=(262.402 / 655.972) / (130.388 / 423.307)
=0.40002 / 0.308022
=1.2987

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 - (823.708 + 53.881) / 898.894) / (1 - (412.697 + 53.924) / 484.316)
=0.023701 / 0.036536
=0.6487

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
=423.307 / 655.972
=0.6453

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))
=(6.72 / (6.72 + 53.924)) / (5.916 / (5.916 + 53.881))
=0.110811 / 0.098935
=1.12

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)
=(81.519 / 423.307) / (89.461 / 655.972)
=0.192577 / 0.136379
=1.4121

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)
=((1.639 + 353.279) / 898.894) / ((32.611 + 148.239) / 484.316)
=0.394839 / 0.373413
=1.0574

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
=(6.227 - 0 - -46.081) / 898.894
=0.058192

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.

ContiOcean Environment Tech Group Co has a M-score of -1.85 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 -1.85 mean?
ContiOcean Environment Tech Group Co (HKSE:02613) has a Beneish M-Score of -1.85 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on ContiOcean Environment Tech Group Co and its competitors. According to the industry distribution chart, ContiOcean Environment Tech Group Co ranks #260 out of 326 companies in the Aerospace & Defense industry, placing it in the top 79.8%.
Is ContiOcean Environment Tech Group Co's Beneish M-Score too high?
ContiOcean Environment Tech Group Co's current Beneish M-Score is -1.85. Based on the distribution chart, ContiOcean Environment Tech Group Co ranks #260 out of 326 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, ContiOcean Environment Tech Group Co has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does ContiOcean Environment Tech Group Co's Beneish M-Score compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, ContiOcean Environment Tech Group Co ranks #260 out of 326 companies for Beneish M-Score. This places ContiOcean Environment Tech Group 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 an Aerospace & Defense company?
A good Beneish M-Score depends on the Aerospace & Defense 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 ContiOcean Environment Tech Group Co and its competitors. ContiOcean Environment Tech Group Co's current Beneish M-Score is -1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ContiOcean Environment Tech Group Co stock overvalued right now?
ContiOcean Environment Tech Group Co (HKSE:02613) has a current Beneish M-Score of -1.85. The current Beneish M-Score is -1.85. ContiOcean Environment Tech Group Co's overall GF Score™ is 19/100 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 ContiOcean Environment Tech Group Co (HKSE:02613), the current Beneish M-Score is -1.85 as of Jul. 15, 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.

ContiOcean Environment Tech Group Co Business Description

Address No. 36 Xin Jin Qiao Road, Unit 3002, 30th Floor, South Tower, Shanghai International Fortune Center, Pudong New District, Shanghai, CHN
ContiOcean Environment Tech Group Co Ltd is a maritime environmental protection equipment and system provider. The equipment and systems include marine exhaust gas cleaning systems, marine energy-saving devices, marine clean-energy supply systems, and maritime services. It derives maximum revenue from Marine exhaust gas cleaning systems.
19GF 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$30.60
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