Billion Industrial Holdings (HKSE:02299) Scaled Net Operating Assets: 0.47 (As of Dec. 2025)

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HKSE:02299 Billion Industrial Holdings Ltd HKSE:02299
67 GF Score
Price HK$5.30
GF Value HK$4.54
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Billion Industrial Holdings Scaled Net Operating Assets?

Billion Industrial Holdings HKSE:02299 67 Scaled Net Operating Assets is 0.47 as of Dec. 2025. GuruFocus rates HKSE:02299 with a GF Score™ of 67/100 and a GF Value™ of HK$4.54 (Modestly Overvalued). 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.

Billion Industrial Holdings's operating assets for the quarter that ended in Dec. 2025 was HK$27,875 Mil. Billion Industrial Holdings's operating liabilities for the quarter that ended in Dec. 2025 was HK$13,305 Mil. Billion Industrial Holdings's Total Assets for the quarter that ended in Jun. 2025 was HK$31,027 Mil. Therefore, Billion Industrial Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.47.


Billion Industrial Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Billion Industrial Holdings'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.

Billion Industrial Holdings Scaled Net Operating Assets Chart

Billion Industrial Holdings 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 0.53 0.40 0.40 0.43 0.48

Billion Industrial Holdings Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 0.39 0.40 0.50 0.47 0.50

Billion Industrial Holdings Scaled Net Operating Assets Competitor Comparison

For the Textile Manufacturing subindustry, Billion Industrial Holdings'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.


Billion Industrial Holdings Scaled Net Operating Assets vs Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Billion Industrial Holdings's Scaled Net Operating Assets falls into.


HKSE:02299
67GF Score
Billion Industrial Holdings Ltd HKSE:02299
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Billion Industrial Holdings 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.

Billion Industrial Holdings'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 )
=(27874.677-13304.978)/30124.135
=0.48

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=28326.417 - 451.74
=27874.677

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=15618.992 - 2.977 - 2311.037
=13304.978

Billion Industrial Holdings'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 )
=(27874.677-13304.978)/31027.362
=0.47

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=28326.417 - 451.74
=27874.677

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=15618.992 - 2.977 - 2311.037
=13304.978

* 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 0.47 mean?
Billion Industrial Holdings (HKSE:02299) has a Scaled Net Operating Assets of 0.47 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 Billion Industrial Holdings and its competitors.
Is Billion Industrial Holdings' Scaled Net Operating Assets too high?
Billion Industrial Holdings' current Scaled Net Operating Assets is 0.47. Overall, Billion Industrial Holdings has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Billion Industrial Holdings' Scaled Net Operating Assets compare to competitors?
Billion Industrial Holdings' Scaled Net Operating Assets of 0.47 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 Billion Industrial Holdings and its competitors. Billion Industrial Holdings's current Scaled Net Operating Assets is 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Billion Industrial Holdings stock overvalued right now?
Based on GuruFocus' analysis, Billion Industrial Holdings (HKSE:02299) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$4.54, compared to a current price of HK$5.30 — trading 16.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.47. Billion Industrial Holdings' overall GF Score™ is 67/100 with 6 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 Billion Industrial Holdings (HKSE:02299), the current Scaled Net Operating Assets is 0.47 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 Billion Industrial Holdings (HKSE:02299) Overvalued in 2026?

Based on GuruFocus' analysis, Billion Industrial Holdings stock appears to be overvalued. The current stock price of HK$5.30 is trading 16.7% above its estimated GF Value™ of HK$4.54. GuruFocus considers Billion Industrial Holdings to be Modestly Overvalued.

Key valuation signals for HKSE:02299:

  • Scaled Net Operating Assets: 0.47
  • GF Value™: HK$4.54 vs. price of HK$5.30 (16.7% above fair value)
  • GF Score™: 67/100 with 6 warning signs

No single metric tells the full story. See the HKSE:02299 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Billion Industrial Holdings Business Description

Address Fenglin Industrial Zone, Longhu Town, Fujian, Jinjiang City, CHN
Billion Industrial Holdings Ltd is an investment holding. The company develops, manufactures, and sells polyester filament yarns and polyester thin films, polyester products, polyester industrial yarns products and ES fiber products in the People's Republic of China. Its polyester filament yarns include drawn textured, fully drawn, and partially oriented yarns for use in the production of fabrics and textiles for various consumer products, including apparel, footwear, and home furnishings. Geographically, the company operates in PRC, Vietnam and others segment generating key revenue from PRC region.
67GF Score

Get the complete analysis for HKSE:02299

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

HK$5.30
Price
HK$4.54
GF Value