Shuangdeng Group Co (HKSE:06960) Beneish M-Score: -2.61 (As of Jul. 30, 2026)

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HKSE:06960 Shuangdeng Group Co Ltd HKSE:06960
19 GF Score
Price HK$6.60
! 1 Warning Sign
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What is Shuangdeng Group Co Beneish M-Score?

Shuangdeng Group Co HKSE:06960 +0.76% 19 Beneish M-Score is -2.61 as of Jul. 30, 2026. GuruFocus rates HKSE:06960 with a GF Score™ of 19/100. The stock has 1 warning sign investors should review. Among 2,911 Industrial Products companies, Shuangdeng Group Co ranks better than 64.2% 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.

Good Sign:

Beneish M-Score -2.61 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

HKSE:06960' s Beneish M-Score Range Over the Past 10 Years
Min: -2.61   Med: -2.52   Max: -2.43
Current: -2.61

During the past 4 years, the highest Beneish M-Score of Shuangdeng Group Co was -2.43. The lowest was -2.61. And the median was -2.52.

Shuangdeng Group Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Shuangdeng 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.

Shuangdeng Group Co Beneish M-Score Chart

Shuangdeng Group Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.43 -2.61

Shuangdeng Group Co Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 -2.43 0.00 -2.61

HKSE:06960 vs VRT, BE: Beneish M-Score Comparison

For the Electrical Equipment & Parts subindustry, Shuangdeng 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.

Shuangdeng Group Co Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shuangdeng Group Co's Beneish M-Score distribution charts can be found below:

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


HKSE:06960
19GF Score
Shuangdeng Group Co Ltd HKSE:06960
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Shuangdeng 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 Shuangdeng 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 * 1.0003+0.528 * 1.1964+0.404 * 1.3303+0.892 * 1.1692+0.115 * 0.8188
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8469+4.679 * -0.119423-0.327 * 0.9038
=-2.61

* 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$2,948 Mil.
Revenue was HK$5,616 Mil.
Gross Profit was HK$783 Mil.
Total Current Assets was HK$5,550 Mil.
Total Assets was HK$7,285 Mil.
Property, Plant and Equipment(Net PPE) was HK$1,475 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$191 Mil.
Selling, General, & Admin. Expense(SGA) was HK$311 Mil.
Total Current Liabilities was HK$3,044 Mil.
Long-Term Debt & Capital Lease Obligation was HK$248 Mil.
Net Income was HK$282 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$1,152 Mil.
 Total Receivables was HK$2,521 Mil.
Revenue was HK$4,803 Mil.
Gross Profit was HK$802 Mil.
Total Current Assets was HK$3,887 Mil.
Total Assets was HK$5,510 Mil.
Property, Plant and Equipment(Net PPE) was HK$1,476 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$152 Mil.
Selling, General, & Admin. Expense(SGA) was HK$314 Mil.
Total Current Liabilities was HK$2,473 Mil.
Long-Term Debt & Capital Lease Obligation was HK$282 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)
=(2947.982 / 5615.809) / (2520.551 / 4802.946)
=0.524943 / 0.524793
=1.0003

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)
=(801.697 / 4802.946) / (783.483 / 5615.809)
=0.166918 / 0.139514
=1.1964

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 - (5549.545 + 1475.453) / 7284.639) / (1 - (3886.774 + 1475.77) / 5510.181)
=0.035642 / 0.026793
=1.3303

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
=5615.809 / 4802.946
=1.1692

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))
=(152.497 / (152.497 + 1475.77)) / (190.561 / (190.561 + 1475.453))
=0.093656 / 0.114381
=0.8188

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)
=(311.383 / 5615.809) / (314.443 / 4802.946)
=0.055448 / 0.065469
=0.8469

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)
=((247.651 + 3043.792) / 7284.639) / ((281.866 + 2472.892) / 5510.181)
=0.451833 / 0.49994
=0.9038

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
=(282.284 - 0 - 1152.235) / 7284.639
=-0.119423

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.

Shuangdeng Group Co has a M-score of -2.61 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 -2.61 mean?
Shuangdeng Group Co (HKSE:06960) has a Beneish M-Score of -2.61 as of Jul. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Shuangdeng Group Co and its competitors. According to the industry distribution chart, Shuangdeng Group Co ranks #1042 out of 2911 companies in the Industrial Products industry, placing it in the top 35.8%.
Is Shuangdeng Group Co's Beneish M-Score too high?
Shuangdeng Group Co's current Beneish M-Score is -2.61. Based on the distribution chart, Shuangdeng Group Co ranks #1042 out of 2911 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Shuangdeng Group Co has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Shuangdeng Group Co's Beneish M-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Shuangdeng Group Co ranks #1042 out of 2911 companies for Beneish M-Score. This puts Shuangdeng Group 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Shuangdeng Group Co and its competitors. Shuangdeng Group Co's current Beneish M-Score is -2.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shuangdeng Group Co stock overvalued right now?
Shuangdeng Group Co (HKSE:06960) has a current Beneish M-Score of -2.61. The current Beneish M-Score is -2.61. Shuangdeng Group Co's overall GF Score™ is 19/100 with 1 warning sign 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 Shuangdeng Group Co (HKSE:06960), the current Beneish M-Score is -2.61 as of Jul. 30, 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.

Shuangdeng Group Co Business Description

Address No. 999 Tianmu West Road, Jiangyan Economic Development Zone, Jiangsu Province, Taizhou, CHN
Shuangdeng Group Co Ltd is a company in the energy storage business for big-data and telecommunication industries. It focuses on the design, R&D, manufacturing, and sales of energy storage batteries and systems. The group principally engaged in the research and development, manufacture, and sale of lead-acid energy storage battery products and lithium-ion energy storage battery products, and it is the only one reportable segment. Geographically, the company operates in the Chinese mainland and overseas regions. The majority of its revenues is generated from the Chinese mainland.
19GF Score

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