Yunnan Jinxun Resources Co (HKSE:03636) Beneish M-Score: -2.35 (As of Aug. 28, 2026)

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HKSE:03636 Yunnan Jinxun Resources Co Ltd HKSE:03636
19 GF Score
Price HK$17.32
! 3 Warning Signs
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What is Yunnan Jinxun Resources Co Beneish M-Score?

Yunnan Jinxun Resources Co HKSE:03636 -2.81% 19 Beneish M-Score is -2.35 as of Aug. 28, 2026. GuruFocus rates HKSE:03636 with a GF Score™ of 19/100. The stock has 3 warning signs investors should review. Among 683 Metals & Mining companies, Yunnan Jinxun Resources Co ranks better than 55.93% 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 -2.35 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Yunnan Jinxun Resources Co's Beneish M-Score or its related term are showing as below:

HKSE:03636' s Beneish M-Score Range Over the Past 10 Years
Min: -2.35   Med: -2.29   Max: -2.22
Current: -2.35

During the past 4 years, the highest Beneish M-Score of Yunnan Jinxun Resources Co was -2.22. The lowest was -2.35. And the median was -2.29.

Yunnan Jinxun Resources Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Yunnan Jinxun Resources 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.

Yunnan Jinxun Resources Co Beneish M-Score Chart

Yunnan Jinxun Resources Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.22 -2.35

Yunnan Jinxun Resources Co Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 -2.22 0.00 -2.35

HKSE:03636 vs SCCO, FCX: Beneish M-Score Comparison

For the Copper subindustry, Yunnan Jinxun Resources 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.

Yunnan Jinxun Resources Co Beneish M-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Yunnan Jinxun Resources Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Yunnan Jinxun Resources Co's Beneish M-Score falls into.


HKSE:03636
19GF Score
Yunnan Jinxun Resources Co Ltd HKSE:03636
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Yunnan Jinxun Resources 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 Yunnan Jinxun Resources 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 * 0.8412+0.528 * 0.9093+0.404 * 1.1523+0.892 * 1.3277+0.115 * 1.1655
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.2178+4.679 * -0.001131-0.327 * 1.0091
=-2.35

* 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$44 Mil.
Revenue was HK$2,509 Mil.
Gross Profit was HK$573 Mil.
Total Current Assets was HK$1,393 Mil.
Total Assets was HK$2,423 Mil.
Property, Plant and Equipment(Net PPE) was HK$943 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$52 Mil.
Selling, General, & Admin. Expense(SGA) was HK$160 Mil.
Total Current Liabilities was HK$1,373 Mil.
Long-Term Debt & Capital Lease Obligation was HK$95 Mil.
Net Income was HK$363 Mil.
Gross Profit was HK$38 Mil.
Cash Flow from Operations was HK$328 Mil.
 Total Receivables was HK$39 Mil.
Revenue was HK$1,890 Mil.
Gross Profit was HK$393 Mil.
Total Current Assets was HK$725 Mil.
Total Assets was HK$1,467 Mil.
Property, Plant and Equipment(Net PPE) was HK$696 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$45 Mil.
Selling, General, & Admin. Expense(SGA) was HK$99 Mil.
Total Current Liabilities was HK$815 Mil.
Long-Term Debt & Capital Lease Obligation was HK$66 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)
=(43.858 / 2508.909) / (39.27 / 1889.601)
=0.017481 / 0.020782
=0.8412

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)
=(392.548 / 1889.601) / (573.187 / 2508.909)
=0.207741 / 0.228461
=0.9093

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 - (1393.196 + 942.743) / 2422.527) / (1 - (725.339 + 695.949) / 1466.785)
=0.035743 / 0.031018
=1.1523

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
=2508.909 / 1889.601
=1.3277

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))
=(45.321 / (45.321 + 695.949)) / (52.191 / (52.191 + 942.743))
=0.06114 / 0.052457
=1.1655

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)
=(160.204 / 2508.909) / (99.079 / 1889.601)
=0.063854 / 0.052434
=1.2178

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)
=((95.492 + 1372.796) / 2422.527) / ((65.615 + 815.368) / 1466.785)
=0.606098 / 0.600622
=1.0091

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
=(363.259 - 37.766 - 328.233) / 2422.527
=-0.001131

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.

Yunnan Jinxun Resources Co has a M-score of -2.35 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 -2.35 mean?
Yunnan Jinxun Resources Co (HKSE:03636) has a Beneish M-Score of -2.35 as of Aug. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yunnan Jinxun Resources Co and its competitors. According to the industry distribution chart, Yunnan Jinxun Resources Co ranks #301 out of 683 companies in the Metals & Mining industry, placing it in the top 44.1%.
Is Yunnan Jinxun Resources Co's Beneish M-Score too high?
Yunnan Jinxun Resources Co's current Beneish M-Score is -2.35. Based on the distribution chart, Yunnan Jinxun Resources Co ranks #301 out of 683 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Yunnan Jinxun Resources Co has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Yunnan Jinxun Resources Co's Beneish M-Score compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Yunnan Jinxun Resources Co ranks #301 out of 683 companies for Beneish M-Score. This puts Yunnan Jinxun Resources Co in the upper 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 Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining 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 Yunnan Jinxun Resources Co and its competitors. Yunnan Jinxun Resources Co's current Beneish M-Score is -2.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yunnan Jinxun Resources Co stock overvalued right now?
Yunnan Jinxun Resources Co (HKSE:03636) has a current Beneish M-Score of -2.35. The current Beneish M-Score is -2.35. Yunnan Jinxun Resources Co's overall GF Score™ is 19/100 with 3 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 Yunnan Jinxun Resources Co (HKSE:03636), the current Beneish M-Score is -2.35 as of Aug. 28, 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.

Yunnan Jinxun Resources Co Business Description

Address Changyuan North Road, 3rd Floor, Block B, No. 1389, Gaoxin District, Yunnan Province, Kunming, CHN
Yunnan Jinxun Resources Co Ltd are principally engaged in the mineral processing, smelting and trading of non-ferrous metals. The Group's core business focuses on developing and supplying premium copper resources to cater China's substantial copper demand. Leveraging Africa's rich copper reserves, the Group has strategically expanded production capacity and achieved integration across the industrial value chain. It has presented the two reportable segments Metal production and processing and Trading business which is for non-ferrous metal. The company generates majority of revenue from Metal production and processing segment. It has presence in The Democratic Republic of the Congo, Zambia, Chinese Mainland, and Peru of which majority of revenue comes from Democratic Republic of the Congo.
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$17.32
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