SZNTF (Shenzhen Investment) Selling, General, & Admin. Expense: $259 Mil (TTM As of Dec. 2025)

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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SZNTF Shenzhen Investment Ltd SZNTF
56 GF Score
Price $0.10
GF Value $0.31
! 7 Warning Signs
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What is Shenzhen Investment Selling, General, & Admin. Expense?

Shenzhen Investment SZNTF 56 Selling, General, & Admin. Expense is $259 Mil as of Dec. 2025. GuruFocus rates SZNTF with a GF Score™ of 56/100 and a GF Value™ of $0.31. The stock has 7 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Shenzhen Investment's selling, general, & admin. expense for the six months ended in Dec. 2025 was $165 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was $259 Mil.


Shenzhen Investment  (OTCPK:SZNTF) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Shenzhen Investment Selling, General, & Admin. Expense Related Terms


Shenzhen Investment Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Shenzhen Investment's Selling, General, & Admin. Expense 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 Investment Selling, General, & Admin. Expense Chart

Shenzhen Investment Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 250.20 296.28 260.11 207.57 259.38

Shenzhen Investment Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Selling, General, & Admin. Expense 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 151.99 98.24 108.86 93.57 164.99

Shenzhen Investment Selling, General, & Admin. Expense Competitor Comparison

For the Real Estate - Development subindustry, Shenzhen Investment's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Investment Selling, General, & Admin. Expense vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Shenzhen Investment's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Shenzhen Investment's Selling, General, & Admin. Expense falls into.


SZNTF
56GF Score
Shenzhen Investment Ltd SZNTF
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Shenzhen Investment Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $259 Mil.

* 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.

What does a Selling, General, & Admin. Expense of $259 Mil mean?
Shenzhen Investment (SZNTF) has a Selling, General, & Admin. Expense of $259 Mil as of Dec. 2025. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Shenzhen Investment and its competitors.
Is Shenzhen Investment's Selling, General, & Admin. Expense too high?
Shenzhen Investment's current Selling, General, & Admin. Expense is $259 Mil. Overall, Shenzhen Investment has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Investment's Selling, General, & Admin. Expense compare to competitors?
Shenzhen Investment's Selling, General, & Admin. Expense of $259 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Real Estate company?
A good Selling, General, & Admin. Expense depends on the Real Estate industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Shenzhen Investment and its competitors. Shenzhen Investment's current Selling, General, & Admin. Expense is $259 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Investment stock overvalued right now?
Shenzhen Investment (SZNTF) has a current Selling, General, & Admin. Expense of $259 Mil. The stock's GF Value™ is $0.31, compared to a current price of $0.10 — trading 69.3% below its estimated fair value. The current Selling, General, & Admin. Expense is $259 Mil. Shenzhen Investment's overall GF Score™ is 56/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Shenzhen Investment (SZNTF), the current Selling, General, & Admin. Expense is $259 Mil as of Dec. 2025. 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 Investment (SZNTF) Overvalued in 2026?

Based on GuruFocus' analysis, Shenzhen Investment stock appears to be undervalued. The current stock price of $0.10 is trading 69.3% below its estimated GF Value™ of $0.31.

Key valuation signals for SZNTF:

  • Selling, General, & Admin. Expense: $259 Mil
  • GF Value™: $0.31 vs. price of $0.10 (69.3% below fair value)
  • GF Score™: 56/100 with 7 warning signs

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


Shenzhen Investment Business Description

Other Exchanges 00604:Hong KongSHS:Germany
Address 9 Science Museum Road, 8th Floor, New East Ocean Centre, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Shenzhen Investment Ltd is a general real estate company. The company reports five core segments: property development, property investment, property management, manufacture, and others. The company generates the vast majority of its revenue from its property development operations, followed by property management. The property development segment develops residential, industrial, and commercial properties. The company generates all of its revenue in Mainland China.
56GF Score

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Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.10
Price
$0.31
GF Value