China International Development (HKSE:00264) Scaled Net Operating Assets: -0.34 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

HKSE:00264 China International Development Corp Ltd HKSE:00264
54 GF Score
Price HK$2.01
GF Value HK$2.96
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is China International Development Scaled Net Operating Assets?

China International Development HKSE:00264 -0.50% 54 Scaled Net Operating Assets is -0.34 as of Dec. 2025. GuruFocus rates HKSE:00264 with a GF Score™ of 54/100 and a GF Value™ of HK$2.96 (Possible Value Trap). The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

China International Development's operating assets for the quarter that ended in Dec. 2025 was HK$23.15 Mil. China International Development's operating liabilities for the quarter that ended in Dec. 2025 was HK$30.81 Mil. China International Development's Total Assets for the quarter that ended in Jun. 2025 was HK$22.29 Mil. Therefore, China International Development's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.34.


China International Development Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for China International Development's Scaled Net Operating Assets 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.

China International Development Scaled Net Operating Assets Chart

China International Development Annual Data
Trend Mar16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 -0.06 -0.86 -2.36 -0.70

China International Development Semi-Annual Data
Mar16 Sep16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets 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 -1.30 -1.58 -4.49 -2.53 -0.34

HKSE:00264 vs NKE, DECK, ONON: Scaled Net Operating Assets Comparison

For the Footwear & Accessories subindustry, China International Development's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.


China International Development Scaled Net Operating Assets vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China International Development's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where China International Development's Scaled Net Operating Assets falls into.


HKSE:00264
54GF Score
China International Development Corp Ltd HKSE:00264
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China International Development Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

China International Development's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(23.153-30.812)/10.878
=-0.70

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=39.947 - 16.794
=23.153

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=57.319 - 4.095 - 22.412
=30.812

China International Development's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(23.153-30.812)/22.286
=-0.34

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=39.947 - 16.794
=23.153

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=57.319 - 4.095 - 22.412
=30.812

* 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 Scaled Net Operating Assets of -0.34 mean?
China International Development (HKSE:00264) has a Scaled Net Operating Assets of -0.34 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on China International Development and its competitors.
Is China International Development's Scaled Net Operating Assets too high?
China International Development's current Scaled Net Operating Assets is -0.34. Overall, China International Development has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China International Development's Scaled Net Operating Assets compare to NKE and DECK?
China International Development's Scaled Net Operating Assets of -0.34 can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Manufacturing - Apparel & Accessories company?
A good Scaled Net Operating Assets depends on the Manufacturing - Apparel & Accessories industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on China International Development and its competitors. China International Development's current Scaled Net Operating Assets is -0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China International Development stock overvalued right now?
Based on GuruFocus' analysis, China International Development (HKSE:00264) is currently considered Possible Value Trap. The stock's GF Value™ is HK$2.96, compared to a current price of HK$2.01 — trading 32.3% below its estimated fair value. The current Scaled Net Operating Assets is -0.34. China International Development's overall GF Score™ is 54/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For China International Development (HKSE:00264), the current Scaled Net Operating Assets is -0.34 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 China International Development (HKSE:00264) Overvalued in 2026?

Based on GuruFocus' analysis, China International Development stock appears to be undervalued. The current stock price of HK$2.01 is trading 32.3% below its estimated GF Value™ of HK$2.96. GuruFocus considers China International Development to be Possible Value Trap.

Key valuation signals for HKSE:00264:

  • Scaled Net Operating Assets: -0.34
  • GF Value™: HK$2.96 vs. price of HK$2.01 (32.3% below fair value)
  • GF Score™: 54/100 with 5 warning signs

No single metric tells the full story. See the HKSE:00264 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China International Development Business Description

Address 8 Fleming Road, Room 06, 15th Floor, Tai Tung Building, Wanchai, Hong Kong, HKG
China International Development Corp Ltd is an investment holding company engaged in the manufacturing and distribution of leather products, retail of fashion apparel, footwear, and leather accessories, industrial hemp planting and production of hemp fabric products, and provision of automobile services and sales of related products. Its segments are: Leather Manufacturing Business segment, which generates maximum revenue and engages in manufacturing and distribution of leather products; Leather Retail Business segment; Automobile Services Business segment; and Lifestyle Consumer Business segment, which engages in sales of lifestyle consumer products. The Group generates the majority of revenue from Hong Kong, China.
54GF Score

Get the complete analysis for HKSE:00264

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$2.01
Price
HK$2.96
GF Value