Shandong Hi-Speed Holdings Group (HKSE:00412) Scaled Net Operating Assets: 0.78 (As of Dec. 2025)


HKSE:00412 Shandong Hi-Speed Holdings Group Ltd HKSE:00412
55 GF Score
Price HK$0.45
GF Value HK$7.08
Valuation Possible Value Trap
! 9 Warning Signs
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What is Shandong Hi-Speed Holdings Group Scaled Net Operating Assets?

Shandong Hi-Speed Holdings Group HKSE:00412 -6.25% 55 Scaled Net Operating Assets is 0.78 as of Dec. 2025. GuruFocus rates HKSE:00412 with a GF Score™ of 55/100 and a GF Value™ of HK$7.08 (Possible Value Trap). The stock has 9 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.

Shandong Hi-Speed Holdings Group's operating assets for the quarter that ended in Dec. 2025 was HK$61,156 Mil. Shandong Hi-Speed Holdings Group's operating liabilities for the quarter that ended in Dec. 2025 was HK$3,605 Mil. Shandong Hi-Speed Holdings Group's Total Assets for the quarter that ended in Jun. 2025 was HK$73,816 Mil. Therefore, Shandong Hi-Speed Holdings Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.78.


Shandong Hi-Speed Holdings Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Shandong Hi-Speed Holdings Group'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.

Shandong Hi-Speed Holdings Group Scaled Net Operating Assets Chart

Shandong Hi-Speed Holdings Group Annual Data
Trend Mar16 Mar17 Mar18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 2.23 0.87 0.79 0.82

Shandong Hi-Speed Holdings Group Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 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 0.88 0.82 0.73 0.83 0.78

HKSE:00412 vs BLK, BX, KKR: Scaled Net Operating Assets Comparison

For the Asset Management subindustry, Shandong Hi-Speed Holdings Group'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.


Shandong Hi-Speed Holdings Group Scaled Net Operating Assets vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Shandong Hi-Speed Holdings Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Shandong Hi-Speed Holdings Group's Scaled Net Operating Assets falls into.


HKSE:00412
55GF Score
Shandong Hi-Speed Holdings Group Ltd HKSE:00412
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Shandong Hi-Speed Holdings Group 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.

Shandong Hi-Speed Holdings Group'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 )
=(61156.295-3605.409)/70652.518
=0.81

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=72835.566 - 11679.271
=61156.295

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=53639.258 - 32295.495 - 17738.354
=3605.409

Shandong Hi-Speed Holdings Group'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 )
=(61156.295-3605.409)/73815.578
=0.78

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=72835.566 - 11679.271
=61156.295

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=53639.258 - 32295.495 - 17738.354
=3605.409

* 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 0.78 mean?
Shandong Hi-Speed Holdings Group (HKSE:00412) has a Scaled Net Operating Assets of 0.78 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 Shandong Hi-Speed Holdings Group and its competitors.
Is Shandong Hi-Speed Holdings Group's Scaled Net Operating Assets too high?
Shandong Hi-Speed Holdings Group's current Scaled Net Operating Assets is 0.78. Overall, Shandong Hi-Speed Holdings Group has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shandong Hi-Speed Holdings Group's Scaled Net Operating Assets compare to BLK and BX?
Shandong Hi-Speed Holdings Group's Scaled Net Operating Assets of 0.78 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management 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 Shandong Hi-Speed Holdings Group and its competitors. Shandong Hi-Speed Holdings Group's current Scaled Net Operating Assets is 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Hi-Speed Holdings Group stock overvalued right now?
Based on GuruFocus' analysis, Shandong Hi-Speed Holdings Group (HKSE:00412) is currently considered Possible Value Trap. The stock's GF Value™ is HK$7.08, compared to a current price of HK$0.45 — trading 93.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.78. Shandong Hi-Speed Holdings Group's overall GF Score™ is 55/100 with 9 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 Shandong Hi-Speed Holdings Group (HKSE:00412), the current Scaled Net Operating Assets is 0.78 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 Shandong Hi-Speed Holdings Group (HKSE:00412) Overvalued in 2026?

Based on GuruFocus' analysis, Shandong Hi-Speed Holdings Group stock appears to be undervalued. The current stock price of HK$0.45 is trading 93.6% below its estimated GF Value™ of HK$7.08. GuruFocus considers Shandong Hi-Speed Holdings Group to be Possible Value Trap.

Key valuation signals for HKSE:00412:

  • Scaled Net Operating Assets: 0.78
  • GF Value™: HK$7.08 vs. price of HK$0.45 (93.6% below fair value)
  • GF Score™: 55/100 with 9 warning signs

No single metric tells the full story. See the HKSE:00412 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shandong Hi-Speed Holdings Group Business Description

Other Exchanges HRI:Germany
Address 99 Queen’s Road Central, 38th Floor, The Center, Central, Hong Kong, HKG
Shandong Hi-Speed Holdings Group Ltd is an investment holding company & its segments include the Industrial investment segment in operations of the industrial investment-related business; the Standard investment segment in trading of listed securities & listed bonds for interest income & capital appreciation; the Non-standard investment segment in direct investment business, investments in debts instruments, unlisted bonds & investment funds; and Licensed financial services segment in provision of money lending services, securities brokerage services, asset management services & asset trading platform.
55GF Score

Get the complete analysis for HKSE:00412

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

HK$0.45
Price
HK$7.08
GF Value