Shenzhen Lions King Hi Tech Co (SZSE:301305) Beneish M-Score: -2.53 (As of Aug. 06, 2026)

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SZSE:301305 Shenzhen Lions King Hi Tech Co Ltd SZSE:301305
76 GF Score
Price ¥22.66
GF Value ¥18.83
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Shenzhen Lions King Hi Tech Co Beneish M-Score?

Shenzhen Lions King Hi Tech Co SZSE:301305 -0.13% 76 Beneish M-Score is -2.53 as of Aug. 06, 2026. GuruFocus rates SZSE:301305 with a GF Score™ of 76/100 and a GF Value™ of ¥18.83 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 224 Waste Management companies, Shenzhen Lions King Hi Tech Co ranks worse than 58.93% 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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Shenzhen Lions King Hi Tech Co's Beneish M-Score or its related term are showing as below:

SZSE:301305' s Beneish M-Score Range Over the Past 10 Years
Min: -3.46   Med: -2.54   Max: -1.57
Current: -2.53

During the past 10 years, the highest Beneish M-Score of Shenzhen Lions King Hi Tech Co was -1.57. The lowest was -3.46. And the median was -2.54.

Shenzhen Lions King Hi Tech Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Shenzhen Lions King Hi Tech 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.

Shenzhen Lions King Hi Tech Co Beneish M-Score Chart

Shenzhen Lions King Hi Tech Co Annual Data
Trend Dec14 Dec15 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -2.86 -1.57 -2.64 -2.63

Shenzhen Lions King Hi Tech Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 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 Premium Member Only Premium Member Only Premium Member Only -2.54 -2.39 -2.64 -2.63 -2.53

SZSE:301305 vs WM, RSG, WCN: Beneish M-Score Comparison

For the Waste Management subindustry, Shenzhen Lions King Hi Tech 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.

Shenzhen Lions King Hi Tech Co Beneish M-Score vs Waste Management Industry

For the Waste Management industry and Industrials sector, Shenzhen Lions King Hi Tech Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Shenzhen Lions King Hi Tech Co's Beneish M-Score falls into.


SZSE:301305
76GF Score
Shenzhen Lions King Hi Tech Co Ltd SZSE:301305
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shenzhen Lions King Hi Tech 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 Shenzhen Lions King Hi Tech 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 * 0.9505+0.528 * 1.0199+0.404 * 0.9637+0.892 * 1.1039+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.6758+4.679 * -0.030923-0.327 * 1.0178
=-2.53

* 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 ¥645 Mil.
Revenue was 502.287 + 410.899 + 531.539 + 442.677 = ¥1,887 Mil.
Gross Profit was 180.725 + 121.498 + 168.5 + 147.763 = ¥618 Mil.
Total Current Assets was ¥2,156 Mil.
Total Assets was ¥6,487 Mil.
Property, Plant and Equipment(Net PPE) was ¥745 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥46 Mil.
Total Current Liabilities was ¥522 Mil.
Long-Term Debt & Capital Lease Obligation was ¥1,726 Mil.
Net Income was 93.32 + 16.133 + 102.485 + 69.891 = ¥282 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ¥0 Mil.
Cash Flow from Operations was 129.576 + 105.993 + 165.414 + 81.428 = ¥482 Mil.
 Total Receivables was ¥615 Mil.
Revenue was 412.207 + 406.93 + 490.749 + 399.882 = ¥1,710 Mil.
Gross Profit was 158.633 + 94.474 + 163.271 + 155.073 = ¥571 Mil.
Total Current Assets was ¥1,860 Mil.
Total Assets was ¥5,959 Mil.
Property, Plant and Equipment(Net PPE) was ¥681 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥62 Mil.
Total Current Liabilities was ¥498 Mil.
Long-Term Debt & Capital Lease Obligation was ¥1,531 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)
=(644.963 / 1887.402) / (614.711 / 1709.768)
=0.34172 / 0.359529
=0.9505

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)
=(571.451 / 1709.768) / (618.486 / 1887.402)
=0.334227 / 0.327692
=1.0199

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 - (2156.075 + 744.903) / 6486.568) / (1 - (1860.118 + 680.972) / 5958.975)
=0.552772 / 0.573569
=0.9637

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
=1887.402 / 1709.768
=1.1039

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 + 680.972)) / (0 / (0 + 744.903))
=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

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)
=(46.158 / 1887.402) / (61.876 / 1709.768)
=0.024456 / 0.03619
=0.6758

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)
=((1725.502 + 522.384) / 6486.568) / ((1530.952 + 498.03) / 5958.975)
=0.346545 / 0.340492
=1.0178

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
=(281.829 - 0 - 482.411) / 6486.568
=-0.030923

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.

Shenzhen Lions King Hi Tech Co has a M-score of -2.53 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 -2.53 mean?
Shenzhen Lions King Hi Tech Co (SZSE:301305) has a Beneish M-Score of -2.53 as of Aug. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Shenzhen Lions King Hi Tech Co and its competitors. According to the industry distribution chart, Shenzhen Lions King Hi Tech Co ranks #132 out of 224 companies in the Waste Management industry, placing it in the top 58.9%.
Is Shenzhen Lions King Hi Tech Co's Beneish M-Score too high?
Shenzhen Lions King Hi Tech Co's current Beneish M-Score is -2.53. Based on the distribution chart, Shenzhen Lions King Hi Tech Co ranks #132 out of 224 companies in the Waste Management industry, which is below the industry midpoint. Overall, Shenzhen Lions King Hi Tech Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Lions King Hi Tech Co's Beneish M-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, Shenzhen Lions King Hi Tech Co ranks #132 out of 224 companies for Beneish M-Score. This places Shenzhen Lions King Hi Tech 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 Waste Management company?
A good Beneish M-Score depends on the Waste Management 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 Shenzhen Lions King Hi Tech Co and its competitors. Shenzhen Lions King Hi Tech Co's current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Lions King Hi Tech Co stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Lions King Hi Tech Co (SZSE:301305) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥18.83, compared to a current price of ¥22.66 — trading 20.3% above its estimated fair value. The current Beneish M-Score is -2.53. Shenzhen Lions King Hi Tech Co's overall GF Score™ is 76/100 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 Shenzhen Lions King Hi Tech Co (SZSE:301305), the current Beneish M-Score is -2.53 as of Aug. 06, 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 Shenzhen Lions King Hi Tech Co (SZSE:301305) Overvalued in 2026?

Based on GuruFocus' analysis, Shenzhen Lions King Hi Tech Co stock appears to be overvalued. The current stock price of ¥22.66 is trading 20.3% above its estimated GF Value™ of ¥18.83. GuruFocus considers Shenzhen Lions King Hi Tech Co to be Modestly Overvalued.

Key valuation signals for SZSE:301305:

  • Beneish M-Score: -2.53
  • GF Value™: ¥18.83 vs. price of ¥22.66 (20.3% above fair value)
  • GF Score™: 76/100 with 3 warning signs

No single metric tells the full story. See the SZSE:301305 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shenzhen Lions King Hi Tech Co Business Description

Address Pingqiao Road, Pingdi Street, Floor 13, No. 2, Gaoqiao Community, Longgang District, Guangdong Province, Shenzhen, CHN, 518117
Shenzhen Lions King Hi Tech Co Ltd is engaged in the Harmless treatment and resource utilization of organic solid waste (catering waste, kitchen waste, excrement, animal solid waste, etc.) and urban domestic waste, as well as the provision of related environmental engineering services.
76GF Score

Get the complete analysis for SZSE:301305

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

¥22.66
Price
¥18.83
GF Value