Shanxi Installation Group Co (HKSE:02520) Scaled Net Operating Assets: 0.48 (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.

HKSE:02520 Shanxi Installation Group Co Ltd HKSE:02520
30 GF Score
Price HK$2.30
! 12 Warning Signs
View Full Analysis

What is Shanxi Installation Group Co Scaled Net Operating Assets?

Shanxi Installation Group Co HKSE:02520 30 Scaled Net Operating Assets is 0.48 as of Dec. 2025. GuruFocus rates HKSE:02520 with a GF Score™ of 30/100. The stock has 12 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.

Shanxi Installation Group Co's operating assets for the quarter that ended in Dec. 2025 was HK$27,037 Mil. Shanxi Installation Group Co's operating liabilities for the quarter that ended in Dec. 2025 was HK$13,818 Mil. Shanxi Installation Group Co's Total Assets for the quarter that ended in Jun. 2025 was HK$27,484 Mil. Therefore, Shanxi Installation Group Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.48.


Shanxi Installation Group Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Shanxi Installation 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.

Shanxi Installation Group Co Scaled Net Operating Assets Chart

Shanxi Installation Group Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.41 0.33 0.39 0.39 0.51

Shanxi Installation Group Co Semi-Annual Data
Dec20 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 0.38 0.37 0.36 0.41 0.48

HKSE:02520 vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Shanxi Installation 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.


Shanxi Installation Group Co Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Shanxi Installation Group Co's Scaled Net Operating Assets distribution charts can be found below:

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


HKSE:02520
30GF Score
Shanxi Installation Group Co Ltd HKSE:02520
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanxi Installation 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.

Shanxi Installation 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 )
=(27036.911-13817.614)/25756.714
=0.51

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=28747.407 - 1710.496
=27036.911

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=24891.317 - 4737.383 - 6336.32
=13817.614

Shanxi Installation 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 )
=(27036.911-13817.614)/27483.65
=0.48

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=28747.407 - 1710.496
=27036.911

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=24891.317 - 4737.383 - 6336.32
=13817.614

* 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 0.48 mean?
Shanxi Installation Group Co (HKSE:02520) has a Scaled Net Operating Assets of 0.48 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 Shanxi Installation Group Co and its competitors.
Is Shanxi Installation Group Co's Scaled Net Operating Assets too high?
Shanxi Installation Group Co's current Scaled Net Operating Assets is 0.48. Overall, Shanxi Installation Group Co has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Shanxi Installation Group Co's Scaled Net Operating Assets compare to PWR and FIX?
Shanxi Installation Group Co's Scaled Net Operating Assets of 0.48 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Shanxi Installation Group Co and its competitors. Shanxi Installation Group Co's current Scaled Net Operating Assets is 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanxi Installation Group Co stock overvalued right now?
Shanxi Installation Group Co (HKSE:02520) has a current Scaled Net Operating Assets of 0.48. The current Scaled Net Operating Assets is 0.48. Shanxi Installation Group Co's overall GF Score™ is 30/100 with 12 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 Shanxi Installation Group Co (HKSE:02520), the current Scaled Net Operating Assets is 0.48 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.

Shanxi Installation Group Co Business Description

Address No. 8 Xinhua Road, Tanghuai Industrial Park, Shanxi Transformation and Comprehensive, Reform Demonstration Zone, Shanxi, Taiyuan, CHN
Shanxi Installation Group Co Ltd is a construction service provider based in Taiyuan, a city in Shanxi Province, China. It is engaged in specialized industrial construction, specialized auxiliary construction, other construction, and non-construction business. The company generates the majority of its revenue from specialized industrial construction. The company offers range of services, from design and consulting, investment and construction, and building construction, to operation and maintenance. The company has two segments the construction contracting segment and the non-construction segment.
30GF Score

Get the complete analysis for HKSE:02520

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

HK$2.30
Price