Yonz Technology Co (SHSE:603381) Beneish M-Score: -0.69 (As of Aug. 05, 2026)

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SHSE:603381 Yonz Technology Co Ltd SHSE:603381
34 GF Score
Price ¥15.00
! 9 Warning Signs
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What is Yonz Technology Co Beneish M-Score?

Yonz Technology Co SHSE:603381 +0.13% 34 Beneish M-Score is -0.69 as of Aug. 05, 2026. GuruFocus rates SHSE:603381 with a GF Score™ of 34/100. The stock has 9 warning signs investors should review. Among 985 Semiconductors companies, Yonz Technology Co ranks worse than 91.27% 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.

Warning Sign:

Beneish M-Score -0.69 higher than -1.78, which implies that the company might have manipulated its financial results.

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

SHSE:603381' s Beneish M-Score Range Over the Past 10 Years
Min: -0.69   Med: -0.37   Max: 3.77
Current: -0.69

During the past 6 years, the highest Beneish M-Score of Yonz Technology Co was 3.77. The lowest was -0.69. And the median was -0.37.


Yonz Technology Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Yonz Technology 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.

Yonz Technology Co Beneish M-Score Chart

Yonz Technology Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 0.00 3.77 -0.37

Yonz Technology Co Quarterly Data
Dec20 Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.73 2.79 -0.48 -0.37 -0.69

SHSE:603381 vs FSLR, NXT, ENPH: Beneish M-Score Comparison

For the Solar subindustry, Yonz Technology 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.


Yonz Technology Co Beneish M-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Yonz Technology Co's Beneish M-Score distribution charts can be found below:

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


SHSE:603381
34GF Score
Yonz Technology Co Ltd SHSE:603381
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Yonz Technology 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 Yonz Technology 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 * 1.0532+0.528 * 2.1158+0.404 * 1.5712+0.892 * 1.133+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0126+4.679 * 0.175766-0.327 * 1.0641
=-0.69

* 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 ¥5,048 Mil.
Revenue was 2391.235 + 1669.701 + 3352.344 + 3111.967 = ¥10,525 Mil.
Gross Profit was 112.834 + -54.066 + 26.393 + 140.345 = ¥226 Mil.
Total Current Assets was ¥7,587 Mil.
Total Assets was ¥11,845 Mil.
Property, Plant and Equipment(Net PPE) was ¥3,226 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥68 Mil.
Total Current Liabilities was ¥8,254 Mil.
Long-Term Debt & Capital Lease Obligation was ¥5 Mil.
Net Income was 24.365 + -223.169 + -49.444 + 24.776 = ¥-223 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ¥0 Mil.
Cash Flow from Operations was -414.92 + -396.807 + -822.392 + -671.309 = ¥-2,305 Mil.
Total Receivables was ¥4,231 Mil.
Revenue was 2585.145 + 2448.564 + 2201.251 + 2054.428 = ¥9,289 Mil.
Gross Profit was 101.875 + 118.787 + 44.527 + 155.92 = ¥421 Mil.
Total Current Assets was ¥7,939 Mil.
Total Assets was ¥11,730 Mil.
Property, Plant and Equipment(Net PPE) was ¥3,140 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥3 Mil.
Selling, General, & Admin. Expense(SGA) was ¥59 Mil.
Total Current Liabilities was ¥7,685 Mil.
Long-Term Debt & Capital Lease Obligation was ¥1 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)
=(5048.238 / 10525.247) / (4230.572 / 9289.388)
=0.479631 / 0.45542
=1.0532

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)
=(421.109 / 9289.388) / (225.506 / 10525.247)
=0.045332 / 0.021425
=2.1158

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 - (7586.669 + 3225.899) / 11845.06) / (1 - (7939.083 + 3140.243) / 11730.08)
=0.087166 / 0.055477
=1.5712

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
=10525.247 / 9289.388
=1.133

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))
=(2.834 / (2.834 + 3140.243)) / (0 / (0 + 3225.899))
=0.000902 / 0
=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)
=(67.863 / 10525.247) / (59.158 / 9289.388)
=0.006448 / 0.006368
=1.0126

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)
=((5.215 + 8254.135) / 11845.06) / ((1.448 + 7684.816) / 11730.08)
=0.697282 / 0.655261
=1.0641

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
=(-223.472 - 0 - -2305.428) / 11845.06
=0.175766

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.

Yonz Technology Co has a M-score of -0.69 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 -0.69 mean?
Yonz Technology Co (SHSE:603381) has a Beneish M-Score of -0.69 as of Aug. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yonz Technology Co and its competitors. According to the industry distribution chart, Yonz Technology Co ranks #899 out of 985 companies in the Semiconductors industry, placing it in the top 91.3%.
Is Yonz Technology Co's Beneish M-Score too high?
Yonz Technology Co's current Beneish M-Score is -0.69. Based on the distribution chart, Yonz Technology Co ranks #899 out of 985 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Yonz Technology Co has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Yonz Technology Co's Beneish M-Score compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Yonz Technology Co ranks #899 out of 985 companies for Beneish M-Score. This places Yonz Technology 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 Semiconductors company?
A good Beneish M-Score depends on the Semiconductors 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 Yonz Technology Co and its competitors. Yonz Technology Co's current Beneish M-Score is -0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yonz Technology Co stock overvalued right now?
Yonz Technology Co (SHSE:603381) has a current Beneish M-Score of -0.69. The current Beneish M-Score is -0.69. Yonz Technology Co's overall GF Score™ is 34/100 with 9 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 Yonz Technology Co (SHSE:603381), the current Beneish M-Score is -0.69 as of Aug. 05, 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.

Yonz Technology Co Business Description

Address No. 99 Yuehu North Road, Jintan District, Jiangsu Province, Changzhou, CHN, 213200
Yonz Technology Co Ltd is engaged in the research and development, production, sales and application of green energy structural materials. Its products include photovoltaic frame products, photovoltaic building integrated products (BIPV), and distributed photovoltaic bracket structural parts. They are mainly used to protect the edges of photovoltaic modules, strengthen the sealing performance of photovoltaic modules, and improve the overall mechanical strength of photovoltaic modules.
34GF Score

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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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