China Netcom Technology Holdings (HKSE:08071) Beneish M-Score: 0.00 (As of Jul. 26, 2026)

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China Netcom Technology Holdings Ltd HKSE:08071

55 GF Score

Price HK$0.43

GF Value HK$2.16

Valuation Possible Value Trap

7 Warning Signs

View Full Analysis

What is China Netcom Technology Holdings Beneish M-Score?

China Netcom Technology Holdings HKSE:08071 +13.16% 55 Beneish M-Score is 0.00 as of Jul. 26, 2026. GuruFocus rates HKSE:08071 with a GF Score™ of 55/100 and a GF Value™ of HK$2.16 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 2,631 Software companies, China Netcom Technology Holdings ranks worse than 38008.32% 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.

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

During the past 13 years, the highest Beneish M-Score of China Netcom Technology Holdings was 3.73. The lowest was -4.83. And the median was -0.11.

China Netcom Technology Holdings Beneish M-Score Related Terms

China Netcom Technology Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for China Netcom Technology 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.

China Netcom Technology Holdings Beneish M-Score Chart

China Netcom Technology Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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3.73

-3.37

0.00

3.43

0.00

China Netcom Technology Holdings Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Beneish M-Score	Get a 7-Day Free Trial															0.00	0.00	3.43	0.00	0.00

HKSE:08071 vs UBER, SHOP, CRM: Beneish M-Score Comparison

For the Software - Application subindustry, China Netcom Technology 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.

China Netcom Technology Holdings Beneish M-Score vs Software Industry

For the Software industry and Technology sector, China Netcom Technology Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where China Netcom Technology Holdings's Beneish M-Score falls into.

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55GF Score

China Netcom Technology Holdings Ltd HKSE:08071

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

China Netcom Technology 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 China Netcom Technology Holdings for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was HK$4.24 Mil.
Revenue was HK$36.73 Mil.
Gross Profit was HK$5.43 Mil.
Total Current Assets was HK$21.59 Mil.
Total Assets was HK$21.73 Mil.
Property, Plant and Equipment(Net PPE) was HK$0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$0.05 Mil.
Selling, General, & Admin. Expense(SGA) was HK$9.42 Mil.
Total Current Liabilities was HK$16.38 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.00 Mil.
Net Income was HK$-4.96 Mil.
Gross Profit was HK$0.00 Mil.
Cash Flow from Operations was HK$0.69 Mil.

Total Receivables was HK$1.49 Mil.
Revenue was HK$26.92 Mil.
Gross Profit was HK$0.31 Mil.
Total Current Assets was HK$15.43 Mil.
Total Assets was HK$15.68 Mil.
Property, Plant and Equipment(Net PPE) was HK$0.25 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$0.45 Mil.
Selling, General, & Admin. Expense(SGA) was HK$11.35 Mil.
Total Current Liabilities was HK$5.45 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.00 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)
	=	(4.235 / 36.726)	/	(1.485 / 26.918)
	=	0.115313	/	0.055168
	=

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)
	=	(0.31 / 26.918)	/	(5.434 / 36.726)
	=	0.011516	/	0.147961
	=

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 - (21.59 + 0) / 21.728)	/	(1 - (15.433 + 0.251) / 15.684)
	=	0.006351	/	0
	=

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
	=	36.726	/	26.918
	=

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))
	=	(0.448 / (0.448 + 0.251))	/	(0.048 / (0.048 + 0))
	=	0.640916	/	1
	=

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)
	=	(9.418 / 36.726)	/	(11.354 / 26.918)
	=	0.25644	/	0.4218
	=

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)
	=	((0 + 16.381) / 21.728)	/	((0 + 5.453) / 15.684)
	=	0.753912	/	0.347679
	=

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
	=	(-4.956 - 0	-	0.685)	/	21.728
	=	-0.259619

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.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 0.00 mean?

China Netcom Technology Holdings (HKSE:08071) has a Beneish M-Score of 0.00 as of Jul. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on China Netcom Technology Holdings and its competitors. According to the industry distribution chart, China Netcom Technology Holdings ranks #999999 out of 2631 companies in the Software industry.

Is China Netcom Technology Holdings' Beneish M-Score too high?

China Netcom Technology Holdings' current Beneish M-Score is 0.00. Based on the distribution chart, China Netcom Technology Holdings ranks #999999 out of 2631 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, China Netcom Technology Holdings has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does China Netcom Technology Holdings' Beneish M-Score compare to UBER and SHOP?

According to the Software industry distribution chart, China Netcom Technology Holdings ranks #999999 out of 2631 companies for Beneish M-Score. This places China Netcom Technology 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 Software company?

A good Beneish M-Score depends on the Software 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 China Netcom Technology Holdings and its competitors. China Netcom Technology Holdings's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is China Netcom Technology Holdings stock overvalued right now?

Based on GuruFocus' analysis, China Netcom Technology Holdings (HKSE:08071) is currently considered Possible Value Trap. The stock's GF Value™ is HK$2.16, compared to a current price of HK$0.43 — trading 80.1% below its estimated fair value. The current Beneish M-Score is 0.00. China Netcom Technology Holdings' overall GF Score™ is 55/100 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 China Netcom Technology Holdings (HKSE:08071), the current Beneish M-Score is 0.00 as of Jul. 26, 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.

Is China Netcom Technology Holdings (HKSE:08071) Overvalued in 2026?

Based on GuruFocus' analysis, China Netcom Technology Holdings stock appears to be undervalued. The current stock price of HK$0.43 is trading 80.1% below its estimated GF Value™ of HK$2.16. GuruFocus considers China Netcom Technology Holdings to be Possible Value Trap.

Key valuation signals for HKSE:08071:

Beneish M-Score: 0.00
GF Value™: HK$2.16 vs. price of HK$0.43 (80.1% below fair value)
GF Score™: 55/100 with 7 warning signs

No single metric tells the full story. See the HKSE:08071 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

China Netcom Technology Holdings Business Description

Industry Technology Software

Comparable Companies HKSE:02246 HKSE:08036 HKSE:08060 HKSE:08290 HKSE:08100 HKSE:08018 HKSE:08131 HKSE:06610 HKSE:08156 HKSE:09600 XTER:SAP UBER SHOP CRM CDNS NOW ADP SNOW DDOG ADBE

Address 18 Harcourt Road, 8th Floor, Tower 2, Admiralty Centre, Hong Kong, HKG

Website http://www.irasia.com/listco/hk/chinanetcom

China Netcom Technology Holdings Ltd and its subsidiaries are engaged in the Smart Retail Business and Automotive Culture Business. The vast majority of its revenue is generated from Smart Retail Business, which is into the provision of new retail digital transformation solutions and new retail integrated software service platform to chain retailers and merchants, and extended services such as cloud services, omnichannel payment services, and SMS marketing services, etc. Geographically, the company has business operations in the PRC and Hong Kong, of which key revenue is derived from the PRC.

55GF Score

Get the complete analysis for HKSE:08071

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

HK$0.43

Price

HK$2.16

GF Value

View HKSE:08071 Analysis

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