Wuhan Youji Holdings (HKSE:02881) Beneish M-Score: -2.45 (As of Jul. 19, 2026)

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HKSE:02881 Wuhan Youji Holdings Ltd HKSE:02881
14 GF Score
Price HK$8.80
! 7 Warning Signs
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What is Wuhan Youji Holdings Beneish M-Score?

Wuhan Youji Holdings HKSE:02881 -2.22% 14 Beneish M-Score is -2.45 as of Jul. 19, 2026. GuruFocus rates HKSE:02881 with a GF Score™ of 14/100. The stock has 7 warning signs investors should review. Among 1,526 Chemicals companies, Wuhan Youji Holdings ranks worse than 55.05% 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 -2.45 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Wuhan Youji Holdings's Beneish M-Score or its related term are showing as below:

HKSE:02881' s Beneish M-Score Range Over the Past 10 Years
Min: -2.93   Med: -2.74   Max: -2.45
Current: -2.45

During the past 5 years, the highest Beneish M-Score of Wuhan Youji Holdings was -2.45. The lowest was -2.93. And the median was -2.74.

Wuhan Youji Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Wuhan Youji Holdings'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.

Wuhan Youji Holdings Beneish M-Score Chart

Wuhan Youji Holdings Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.93 -2.74 -2.45

Wuhan Youji Holdings Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial -2.93 0.00 -2.74 0.00 -2.45

HKSE:02881 vs DOW: Beneish M-Score Comparison

For the Chemicals subindustry, Wuhan Youji Holdings'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.

Wuhan Youji Holdings Beneish M-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Wuhan Youji Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Wuhan Youji Holdings's Beneish M-Score falls into.


HKSE:02881
14GF Score
Wuhan Youji Holdings Ltd HKSE:02881
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Wuhan Youji Holdings 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 Wuhan Youji Holdings 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 * 1.0623+0.528 * 1.0034+0.404 * 1.2672+0.892 * 0.8372+0.115 * 1.0873
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1165+4.679 * 0.007867-0.327 * 1.0502
=-2.45

* 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$319 Mil.
Revenue was HK$2,936 Mil.
Gross Profit was HK$353 Mil.
Total Current Assets was HK$1,062 Mil.
Total Assets was HK$2,917 Mil.
Property, Plant and Equipment(Net PPE) was HK$1,777 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$160 Mil.
Selling, General, & Admin. Expense(SGA) was HK$141 Mil.
Total Current Liabilities was HK$1,713 Mil.
Long-Term Debt & Capital Lease Obligation was HK$342 Mil.
Net Income was HK$69 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$46 Mil.
 Total Receivables was HK$359 Mil.
Revenue was HK$3,506 Mil.
Gross Profit was HK$423 Mil.
Total Current Assets was HK$1,015 Mil.
Total Assets was HK$2,511 Mil.
Property, Plant and Equipment(Net PPE) was HK$1,443 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$143 Mil.
Selling, General, & Admin. Expense(SGA) was HK$151 Mil.
Total Current Liabilities was HK$1,682 Mil.
Long-Term Debt & Capital Lease Obligation was HK$3 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)
=(319.331 / 2935.65) / (359.067 / 3506.43)
=0.108777 / 0.102402
=1.0623

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)
=(423.065 / 3506.43) / (353.009 / 2935.65)
=0.120654 / 0.120249
=1.0034

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 - (1061.559 + 1777.186) / 2916.927) / (1 - (1014.503 + 1443.257) / 2510.868)
=0.026803 / 0.021151
=1.2672

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
=2935.65 / 3506.43
=0.8372

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))
=(142.689 / (142.689 + 1443.257)) / (160.319 / (160.319 + 1777.186))
=0.089971 / 0.082745
=1.0873

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)
=(141.443 / 2935.65) / (151.32 / 3506.43)
=0.048181 / 0.043155
=1.1165

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)
=((342.099 + 1712.94) / 2916.927) / ((2.861 + 1681.547) / 2510.868)
=0.704522 / 0.670847
=1.0502

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
=(69.039 - 0 - 46.092) / 2916.927
=0.007867

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.

Wuhan Youji Holdings has a M-score of -2.45 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 -2.45 mean?
Wuhan Youji Holdings (HKSE:02881) has a Beneish M-Score of -2.45 as of Jul. 19, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Wuhan Youji Holdings and its competitors. According to the industry distribution chart, Wuhan Youji Holdings ranks #840 out of 1526 companies in the Chemicals industry, placing it in the top 55%.
Is Wuhan Youji Holdings' Beneish M-Score too high?
Wuhan Youji Holdings' current Beneish M-Score is -2.45. Based on the distribution chart, Wuhan Youji Holdings ranks #840 out of 1526 companies in the Chemicals industry, which is below the industry midpoint. Overall, Wuhan Youji Holdings has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Wuhan Youji Holdings' Beneish M-Score compare to DOW?
According to the Chemicals industry distribution chart, Wuhan Youji Holdings ranks #840 out of 1526 companies for Beneish M-Score. This places Wuhan Youji Holdings 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 Wuhan Youji Holdings and its competitors. Wuhan Youji Holdings's current Beneish M-Score is -2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wuhan Youji Holdings stock overvalued right now?
Wuhan Youji Holdings (HKSE:02881) has a current Beneish M-Score of -2.45. The current Beneish M-Score is -2.45. Wuhan Youji Holdings' overall GF Score™ is 14/100 with 7 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 Wuhan Youji Holdings (HKSE:02881), the current Beneish M-Score is -2.45 as of Jul. 19, 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.

Wuhan Youji Holdings Business Description

Address Chemical Second Road, No. 1, Wuhan Chemical Industrial Park, Qingshan District, Hubei, Wuhan, CHN
Wuhan Youji Holdings Ltd is a toluene derivative products provider in the PRC. It is focusing on the manufacture of toluene oxidation and chlorination products, benzoic acid ammonification products and other fine chemical products through organic synthesis process. Toluene derivative products are used for food preservatives, household chemicals, animal feed acidifier and synthetic intermediates for agrochemical and pharmaceutical uses. Geographically, the company operates in Chinese mainland; Asia (except Chinese mainland); European Union; America; and Other Countries, of which maximum revenue is derived from Chinese mainland.
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