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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 -1.31 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Suzhou Huazhijie Telecom Co's Beneish M-Score or its related term are showing as below:
SHSE:603400'
s Beneish M-Score Range Over the Past 10 Years
Min: -1.43 Med: -1.37 Max: -1.31
Current: -1.31
During the past 9 years, the highest Beneish M-Score of Suzhou Huazhijie Telecom Co was -1.31. The lowest was -1.43. And the median was -1.37.
* 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.
SHSE:603400 vs APH, GLW, TEL: Beneish M-Score Comparison
For the Electronic Components subindustry, Suzhou Huazhijie Telecom 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.
Suzhou Huazhijie Telecom Co Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Suzhou Huazhijie Telecom Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Suzhou Huazhijie Telecom Co's Beneish M-Score falls into.
Suzhou Huazhijie Telecom 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 Suzhou Huazhijie Telecom 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 * 1.0867
+
0.528 * 1.1614
+
0.404 * 2.6493
+
0.892 * 1.1171
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.6265
+
4.679 * 0.021529
-
0.327 * 0.7847
=
-1.31
* 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.
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.
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 + 145.821))
/
(0 / (0 + 195.587))
=
0
/
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
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
=
(111.191 - 0
-
69.927)
/
1916.667
=
0.021529
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.
Suzhou Huazhijie Telecom Co has a M-score of -1.31 signals that the company is likely to be a manipulator.
Suzhou Huazhijie Telecom Co (SHSE:603400) has a Beneish M-Score of -1.31 as of Aug. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Suzhou Huazhijie Telecom Co and its competitors. According to the industry distribution chart, Suzhou Huazhijie Telecom Co ranks #2174 out of 2402 companies in the Hardware industry, placing it in the top 90.5%.
Is Suzhou Huazhijie Telecom Co's Beneish M-Score too high?
Suzhou Huazhijie Telecom Co's current Beneish M-Score is -1.31. Based on the distribution chart, Suzhou Huazhijie Telecom Co ranks #2174 out of 2402 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Suzhou Huazhijie Telecom Co has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Suzhou Huazhijie Telecom Co's Beneish M-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Suzhou Huazhijie Telecom Co ranks #2174 out of 2402 companies for Beneish M-Score. This places Suzhou Huazhijie Telecom 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 Suzhou Huazhijie Telecom Co and its competitors. Suzhou Huazhijie Telecom Co's current Beneish M-Score is -1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suzhou Huazhijie Telecom Co stock overvalued right now?
Suzhou Huazhijie Telecom Co (SHSE:603400) has a current Beneish M-Score of -1.31. The current Beneish M-Score is -1.31. Suzhou Huazhijie Telecom Co's overall GF Score™ is 43/100 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 Suzhou Huazhijie Telecom Co (SHSE:603400), the current Beneish M-Score is -1.31 as of Aug. 02, 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.
Suzhou Huazhijie Telecom Co Ltd is engaged in research and development, production and sales of lithium-ion power tools and consumer electronic components.
43GF Score
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