Zhuguang Holdings Group Co (HKSE:01176) Scaled Net Operating Assets: 0.37 (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.

What is Zhuguang Holdings Group Co Scaled Net Operating Assets?

Zhuguang Holdings Group Co HKSE:01176 +46.67% Scaled Net Operating Assets is 0.37 as of Dec. 2025. The stock has 6 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.

Zhuguang Holdings Group Co's operating assets for the quarter that ended in Dec. 2025 was HK$29,317 Mil. Zhuguang Holdings Group Co's operating liabilities for the quarter that ended in Dec. 2025 was HK$17,025 Mil. Zhuguang Holdings Group Co's Total Assets for the quarter that ended in Jun. 2025 was HK$33,196 Mil. Therefore, Zhuguang Holdings Group Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.37.


Zhuguang Holdings Group Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Zhuguang Holdings Group Co'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.

Zhuguang Holdings Group Co Scaled Net Operating Assets Chart

Zhuguang Holdings Group Co Annual Data
Trend Dec16 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 0.69 0.53 0.54 0.48 0.38

Zhuguang Holdings Group Co Semi-Annual Data
Jun16 Dec16 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 0.56 0.55 0.48 0.54 0.37

HKSE:01176 vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Zhuguang Holdings Group Co'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.


Zhuguang Holdings Group Co Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Zhuguang Holdings Group Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Zhuguang Holdings Group Co's Scaled Net Operating Assets falls into.



Zhuguang Holdings Group Co 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.

Zhuguang Holdings Group Co'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 )
=(29317.329-17025.437)/32781.14
=0.37

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=29347.215 - 29.886
=29317.329

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=32283.955 - 2.804 - 15255.714
=17025.437

Zhuguang Holdings Group Co'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 )
=(29317.329-17025.437)/33196.132
=0.37

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=29347.215 - 29.886
=29317.329

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=32283.955 - 2.804 - 15255.714
=17025.437

* 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 0.37 mean?
Zhuguang Holdings Group Co (HKSE:01176) has a Scaled Net Operating Assets of 0.37 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 Zhuguang Holdings Group Co and its competitors.
Is Zhuguang Holdings Group Co's Scaled Net Operating Assets too high?
Zhuguang Holdings Group Co's current Scaled Net Operating Assets is 0.37.
How does Zhuguang Holdings Group Co's Scaled Net Operating Assets compare to CBRE and BEKE?
Zhuguang Holdings Group Co's Scaled Net Operating Assets of 0.37 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 Scaled Net Operating Assets for a Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 Zhuguang Holdings Group Co and its competitors. Zhuguang Holdings Group Co's current Scaled Net Operating Assets is 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhuguang Holdings Group Co stock overvalued right now?
Based on GuruFocus' analysis, Zhuguang Holdings Group Co (HKSE:01176) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.05, compared to a current price of HK$0.02 — trading 56% below its estimated fair value. The current Scaled Net Operating Assets is 0.37. 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 Zhuguang Holdings Group Co (HKSE:01176), the current Scaled Net Operating Assets is 0.37 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.

Zhuguang Holdings Group Co Business Description

Address 1 Austin Road West, Room 8106B, Level 81, International Commerce Centre, Kowloon, Hong Kong, HKG
Zhuguang Holdings Group Co Ltd is an investment holding company. It operates through the following segments: The property development segment, which engages in the development and sale of properties; the project management services segment, which generates maximum revenue, engages in the provision of project management services to property development projects and urban redevelopment projects; and the property investment and hotel operation segment invests in properties for rental income potential and/or capital appreciation and engages in hotel operation. The Group's key projects include Zhuguang Yujing Scenic Garden, Pearl Yijing, Pearl Tianhu Yujing Garden, Zhuguang Financial Town One, Pearl Xincheng Yujing, and many others. The Company generates revenue from Mainland China.