Hongcheng Environmental Technology Co (HKSE:02265) Scaled Net Operating Assets: 0.78 (As of Dec. 2025)

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HKSE:02265 Hongcheng Environmental Technology Co Ltd HKSE:02265
80 GF Score
Price HK$1.07
GF Value HK$1.61
Valuation Possible Value Trap
! 5 Warning Signs
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What is Hongcheng Environmental Technology Co Scaled Net Operating Assets?

Hongcheng Environmental Technology Co HKSE:02265 -4.46% 80 Scaled Net Operating Assets is 0.78 as of Dec. 2025. GuruFocus rates HKSE:02265 with a GF Score™ of 80/100 and a GF Value™ of HK$1.61 (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.

Hongcheng Environmental Technology Co's operating assets for the quarter that ended in Dec. 2025 was HK$1,076.2 Mil. Hongcheng Environmental Technology Co's operating liabilities for the quarter that ended in Dec. 2025 was HK$281.1 Mil. Hongcheng Environmental Technology Co's Total Assets for the quarter that ended in Jun. 2025 was HK$1,024.9 Mil. Therefore, Hongcheng Environmental Technology Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.78.


Hongcheng Environmental Technology Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Hongcheng Environmental Technology 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.

Hongcheng Environmental Technology Co Scaled Net Operating Assets Chart

Hongcheng Environmental Technology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.44 0.66 0.65 0.75 0.81

Hongcheng Environmental Technology Co Semi-Annual Data
Dec18 Dec19 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 0.67 0.70 0.79 0.72 0.78

HKSE:02265 vs WM, RSG, WCN: Scaled Net Operating Assets Comparison

For the Waste Management subindustry, Hongcheng Environmental Technology 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.


Hongcheng Environmental Technology Co Scaled Net Operating Assets vs Waste Management Industry

For the Waste Management industry and Industrials sector, Hongcheng Environmental Technology Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Hongcheng Environmental Technology Co's Scaled Net Operating Assets falls into.


HKSE:02265
80GF Score
Hongcheng Environmental Technology Co Ltd HKSE:02265
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hongcheng Environmental Technology 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.

Hongcheng Environmental Technology 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 )
=(1076.169-281.076)/983.532
=0.81

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1292.153 - 215.984
=1076.169

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=593.983 - 130.124 - 182.783
=281.076

Hongcheng Environmental Technology 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 )
=(1076.169-281.076)/1024.906
=0.78

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1292.153 - 215.984
=1076.169

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=593.983 - 130.124 - 182.783
=281.076

* 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?
Hongcheng Environmental Technology Co (HKSE:02265) 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 Hongcheng Environmental Technology Co and its competitors.
Is Hongcheng Environmental Technology Co's Scaled Net Operating Assets too high?
Hongcheng Environmental Technology Co's current Scaled Net Operating Assets is 0.78. Overall, Hongcheng Environmental Technology Co has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hongcheng Environmental Technology Co's Scaled Net Operating Assets compare to WM and RSG?
Hongcheng Environmental Technology Co's Scaled Net Operating Assets of 0.78 can be compared against companies in the Waste 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 a Waste Management company?
A good Scaled Net Operating Assets depends on the Waste 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 Hongcheng Environmental Technology Co and its competitors. Hongcheng Environmental Technology Co'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 Hongcheng Environmental Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Hongcheng Environmental Technology Co (HKSE:02265) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.61, compared to a current price of HK$1.07 — trading 33.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.78. Hongcheng Environmental Technology Co's overall GF Score™ is 80/100 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 Hongcheng Environmental Technology Co (HKSE:02265), 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 Hongcheng Environmental Technology Co (HKSE:02265) Overvalued in 2026?

Based on GuruFocus' analysis, Hongcheng Environmental Technology Co stock appears to be undervalued. The current stock price of HK$1.07 is trading 33.5% below its estimated GF Value™ of HK$1.61. GuruFocus considers Hongcheng Environmental Technology Co to be Possible Value Trap.

Key valuation signals for HKSE:02265:

  • Scaled Net Operating Assets: 0.78
  • GF Value™: HK$1.61 vs. price of HK$1.07 (33.5% below fair value)
  • GF Score™: 80/100 with 5 warning signs

No single metric tells the full story. See the HKSE:02265 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hongcheng Environmental Technology Co Business Description

Address Yeyan Road North, Dadongzhuang Village North, Shahe Town, Shandong Province, Yantai, Laizhou, CHN
Hongcheng Environmental Technology Co Ltd is an investment holding company. It is engaged in (i) the provision of gold mine hazardous waste treatment services and sales of pyrite concentrate, and (ii) the production and sales of products from reprocessing of pyrite concentrate and sulphuric acid; and (iii) the production and sales of magnesium fertiliser in the PRC. It has two reportable segments: Hazardous waste treatment and recycling, and Reprocessing of pyrite concentrate and Production of magnesium fertiliser. Key revenue is generated from the hazardous waste treatment and recycling segment.
80GF Score

Get the complete analysis for HKSE:02265

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

HK$1.07
Price
HK$1.61
GF Value