Nan Nan Resources Enterprise (HKSE:01229) Scaled Net Operating Assets: 0.29 (As of Mar. 2026)

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:01229 Nan Nan Resources Enterprise Ltd HKSE:01229
49 GF Score
Price HK$0.17
GF Value HK$0.30
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Nan Nan Resources Enterprise Scaled Net Operating Assets?

Nan Nan Resources Enterprise HKSE:01229 +4.85% 49 Scaled Net Operating Assets is 0.29 as of Mar. 2026. GuruFocus rates HKSE:01229 with a GF Score™ of 49/100 and a GF Value™ of HK$0.30 (Possible Value Trap). The stock has 4 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.

Nan Nan Resources Enterprise's operating assets for the quarter that ended in Mar. 2026 was HK$430.2 Mil. Nan Nan Resources Enterprise's operating liabilities for the quarter that ended in Mar. 2026 was HK$221.8 Mil. Nan Nan Resources Enterprise's Total Assets for the quarter that ended in Sep. 2025 was HK$707.8 Mil. Therefore, Nan Nan Resources Enterprise's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.29.


Nan Nan Resources Enterprise Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Nan Nan Resources Enterprise'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.

Nan Nan Resources Enterprise Scaled Net Operating Assets Chart

Nan Nan Resources Enterprise Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.32 0.33 0.38 0.32

Nan Nan Resources Enterprise Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 0.37 0.34 0.32 0.35 0.29

Nan Nan Resources Enterprise Scaled Net Operating Assets Competitor Comparison

For the Thermal Coal subindustry, Nan Nan Resources Enterprise'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.


Nan Nan Resources Enterprise Scaled Net Operating Assets vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Nan Nan Resources Enterprise's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Nan Nan Resources Enterprise's Scaled Net Operating Assets falls into.


HKSE:01229
49GF Score
Nan Nan Resources Enterprise Ltd HKSE:01229
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nan Nan Resources Enterprise 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.

Nan Nan Resources Enterprise's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(430.167-221.786)/643.323
=0.32

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=792.357 - 362.19
=430.167

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=533.504 - 1.382 - 310.336
=221.786

Nan Nan Resources Enterprise's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Sep. 2025 )
=(430.167-221.786)/707.775
=0.29

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=792.357 - 362.19
=430.167

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=533.504 - 1.382 - 310.336
=221.786

* 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 0.29 mean?
Nan Nan Resources Enterprise (HKSE:01229) has a Scaled Net Operating Assets of 0.29 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nan Nan Resources Enterprise and its competitors.
Is Nan Nan Resources Enterprise's Scaled Net Operating Assets too high?
Nan Nan Resources Enterprise's current Scaled Net Operating Assets is 0.29. Overall, Nan Nan Resources Enterprise has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nan Nan Resources Enterprise's Scaled Net Operating Assets compare to competitors?
Nan Nan Resources Enterprise's Scaled Net Operating Assets of 0.29 can be compared against companies in the Other Energy Sources 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 Other Energy Sources company?
A good Scaled Net Operating Assets depends on the Other Energy Sources 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 Nan Nan Resources Enterprise and its competitors. Nan Nan Resources Enterprise's current Scaled Net Operating Assets is 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nan Nan Resources Enterprise stock overvalued right now?
Based on GuruFocus' analysis, Nan Nan Resources Enterprise (HKSE:01229) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.30, compared to a current price of HK$0.17 — trading 42.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.29. Nan Nan Resources Enterprise's overall GF Score™ is 49/100 with 4 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 Nan Nan Resources Enterprise (HKSE:01229), the current Scaled Net Operating Assets is 0.29 as of Mar. 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 Nan Nan Resources Enterprise (HKSE:01229) Overvalued in 2026?

Based on GuruFocus' analysis, Nan Nan Resources Enterprise stock appears to be undervalued. The current stock price of HK$0.17 is trading 42.3% below its estimated GF Value™ of HK$0.30. GuruFocus considers Nan Nan Resources Enterprise to be Possible Value Trap.

Key valuation signals for HKSE:01229:

  • Scaled Net Operating Assets: 0.29
  • GF Value™: HK$0.30 vs. price of HK$0.17 (42.3% below fair value)
  • GF Score™: 49/100 with 4 warning signs

No single metric tells the full story. See the HKSE:01229 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nan Nan Resources Enterprise Business Description

Address 18 Harcourt Road, Admiralty Centre, 11th Floor, Tower 2, Admiralty, Hong Kong, HKG
Nan Nan Resources Enterprise Ltd is an investment holding company. Along with subsidiary company engaged in the business segment of Coal mining business segment, which provides mining and sales of coal in Xinjiang, Mainland China; the Renewable energy business segment: service income from renewable energy solutions in Malaysia; and IT Services business segment: provision of IT Services in Hong Kong, Singapore, Malaysia, and the UK. It generates maximum revenue from the Coal mining business segment. The geographic operation is located in Mainland China, Hong Kong, Malaysia, Singapore, and the UK.
49GF Score

Get the complete analysis for HKSE:01229

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

HK$0.17
Price
HK$0.30
GF Value