Chongqing Zhixin Industrial Co (SHSE:603352) Beneish M-Score: 0.00 (As of Jul. 28, 2026)

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SHSE:603352 Chongqing Zhixin Industrial Co Ltd SHSE:603352
9 GF Score
Price ¥24.37
! 3 Warning Signs
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What is Chongqing Zhixin Industrial Co Beneish M-Score?

Chongqing Zhixin Industrial Co SHSE:603352 +0.29% 9 Beneish M-Score is 0.00 as of Jul. 28, 2026. GuruFocus rates SHSE:603352 with a GF Score™ of 9/100. The stock has 3 warning signs investors should review. Among 1,271 Vehicles & Parts companies, Chongqing Zhixin Industrial Co ranks worse than 78678.13% 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 Chongqing Zhixin Industrial Co's Beneish M-Score or its related term are showing as below:

During the past 4 years, the highest Beneish M-Score of Chongqing Zhixin Industrial Co was 0.00. The lowest was 0.00. And the median was 0.00.

Chongqing Zhixin Industrial Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Chongqing Zhixin Industrial 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.

Chongqing Zhixin Industrial Co Beneish M-Score Chart

Chongqing Zhixin Industrial Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 0.00

Chongqing Zhixin Industrial Co Quarterly Data
Dec22 Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.00

SHSE:603352 vs ORLY, AZO: Beneish M-Score Comparison

For the Auto Parts subindustry, Chongqing Zhixin Industrial 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.

Chongqing Zhixin Industrial Co Beneish M-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Chongqing Zhixin Industrial Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Chongqing Zhixin Industrial Co's Beneish M-Score falls into.


SHSE:603352
9GF Score
Chongqing Zhixin Industrial Co Ltd SHSE:603352
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Chongqing Zhixin Industrial 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 Chongqing Zhixin Industrial 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was ¥1,489 Mil.
Revenue was 700.753 + 1356.285 + 1092.499 + 794.105 = ¥3,944 Mil.
Gross Profit was 110.73 + 209.827 + 230.725 + 176.084 = ¥727 Mil.
Total Current Assets was ¥3,332 Mil.
Total Assets was ¥5,956 Mil.
Property, Plant and Equipment(Net PPE) was ¥1,882 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥91 Mil.
Total Current Liabilities was ¥1,899 Mil.
Long-Term Debt & Capital Lease Obligation was ¥1,002 Mil.
Net Income was 24.213 + 62.454 + 70.524 + 47.88 = ¥205 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ¥0 Mil.
Cash Flow from Operations was -188.499 + 23.093 + -17.053 + 148.887 = ¥-34 Mil.
 Total Receivables was ¥0 Mil.
Revenue was 810.043 + 989.595 + 752.751 + 0 = ¥2,552 Mil.
Gross Profit was 157.3 + 214.517 + 168.056 + 0 = ¥540 Mil.
Total Current Assets was ¥0 Mil.
Total Assets was ¥0 Mil.
Property, Plant and Equipment(Net PPE) was ¥0 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥85 Mil.
Total Current Liabilities was ¥0 Mil.
Long-Term Debt & Capital Lease Obligation was ¥0 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)
=(1489.407 / 3943.642) / (0 / 2552.389)
=0.377673 / 0
=

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)
=(539.873 / 2552.389) / (727.366 / 3943.642)
=0.211517 / 0.18444
=

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 - (3332.072 + 1881.853) / 5955.782) / (1 - (0 + 0) / 0)
=0.124561 /
=

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
=3943.642 / 2552.389
=

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 / (0 + 0)) / (0 / (0 + 1881.853))
= / 0
=

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)
=(91.435 / 3943.642) / (85.328 / 2552.389)
=0.023185 / 0.033431
=

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)
=((1001.665 + 1899.148) / 5955.782) / ((0 + 0) / 0)
=0.487058 /
=

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
=(205.071 - 0 - -33.572) / 5955.782
=0.040069

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?
Chongqing Zhixin Industrial Co (SHSE:603352) has a Beneish M-Score of 0.00 as of Jul. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Chongqing Zhixin Industrial Co and its competitors. According to the industry distribution chart, Chongqing Zhixin Industrial Co ranks #999999 out of 1271 companies in the Vehicles & Parts industry.
Is Chongqing Zhixin Industrial Co's Beneish M-Score too high?
Chongqing Zhixin Industrial Co's current Beneish M-Score is 0.00. Based on the distribution chart, Chongqing Zhixin Industrial Co ranks #999999 out of 1271 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Chongqing Zhixin Industrial Co has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Chongqing Zhixin Industrial Co's Beneish M-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Chongqing Zhixin Industrial Co ranks #999999 out of 1271 companies for Beneish M-Score. This places Chongqing Zhixin Industrial 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 a Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Chongqing Zhixin Industrial Co and its competitors. Chongqing Zhixin Industrial Co'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 Chongqing Zhixin Industrial Co stock overvalued right now?
Chongqing Zhixin Industrial Co (SHSE:603352) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Chongqing Zhixin Industrial Co's overall GF Score™ is 9/100 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 Chongqing Zhixin Industrial Co (SHSE:603352), the current Beneish M-Score is 0.00 as of Jul. 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.

Chongqing Zhixin Industrial Co Business Description

Address No. 29, Changhui Road, Yuzui Town, Jiangbei District, Chongqing, CHN, 401133
Chongqing Zhixin Industrial Co Ltd is engaged in the development, processing, production, and sale of automotive stamping and welded components, as well as related molds. Its business scope includes the manufacturing and sale of mechanical molds, automotive parts, rubber and plastic products, and Class I medical equipment.
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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