Zhongyu Energy Holdings (HKSE:03633) Scaled Net Operating Assets: 0.78 (As of Dec. 2025)


HKSE:03633 Zhongyu Energy Holdings Ltd HKSE:03633
71 GF Score
Price HK$2.57
GF Value HK$4.26
Valuation Possible Value Trap
! 8 Warning Signs
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What is Zhongyu Energy Holdings Scaled Net Operating Assets?

Zhongyu Energy Holdings HKSE:03633 -4.10% 71 Scaled Net Operating Assets is 0.78 as of Dec. 2025. GuruFocus rates HKSE:03633 with a GF Score™ of 71/100 and a GF Value™ of HK$4.26 (Possible Value Trap). The stock has 8 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.

Zhongyu Energy Holdings's operating assets for the quarter that ended in Dec. 2025 was HK$24,625 Mil. Zhongyu Energy Holdings's operating liabilities for the quarter that ended in Dec. 2025 was HK$4,033 Mil. Zhongyu Energy Holdings's Total Assets for the quarter that ended in Jun. 2025 was HK$26,378 Mil. Therefore, Zhongyu Energy Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.78.


Zhongyu Energy Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Zhongyu Energy 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.

Zhongyu Energy Holdings Scaled Net Operating Assets Chart

Zhongyu Energy 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 0.81 0.73 0.74 0.74 0.79

Zhongyu Energy Holdings 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 0.73 0.76 0.75 0.81 0.78

HKSE:03633 vs ATO, NI: Scaled Net Operating Assets Comparison

For the Utilities - Regulated Gas subindustry, Zhongyu Energy 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.


Zhongyu Energy Holdings Scaled Net Operating Assets vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Zhongyu Energy Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


HKSE:03633
71GF Score
Zhongyu Energy Holdings Ltd HKSE:03633
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Zhongyu Energy 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.

Zhongyu Energy 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 )
=(24624.591-4033.152)/26222.624
=0.79

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=25559.313 - 934.722
=24624.591

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=17254.59 - 5298.717 - 7922.721
=4033.152

Zhongyu Energy 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 )
=(24624.591-4033.152)/26377.898
=0.78

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=25559.313 - 934.722
=24624.591

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=17254.59 - 5298.717 - 7922.721
=4033.152

* 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?
Zhongyu Energy Holdings (HKSE:03633) 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 Zhongyu Energy Holdings and its competitors.
Is Zhongyu Energy Holdings' Scaled Net Operating Assets too high?
Zhongyu Energy Holdings' current Scaled Net Operating Assets is 0.78. Overall, Zhongyu Energy Holdings has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Zhongyu Energy Holdings' Scaled Net Operating Assets compare to ATO and NI?
Zhongyu Energy Holdings' Scaled Net Operating Assets of 0.78 can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Scaled Net Operating Assets depends on the Utilities - Regulated 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 Zhongyu Energy Holdings and its competitors. Zhongyu Energy Holdings'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 Zhongyu Energy Holdings stock overvalued right now?
Based on GuruFocus' analysis, Zhongyu Energy Holdings (HKSE:03633) is currently considered Possible Value Trap. The stock's GF Value™ is HK$4.26, compared to a current price of HK$2.57 — trading 39.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.78. Zhongyu Energy Holdings' overall GF Score™ is 71/100 with 8 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 Zhongyu Energy Holdings (HKSE:03633), 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 Zhongyu Energy Holdings (HKSE:03633) Overvalued in 2026?

Based on GuruFocus' analysis, Zhongyu Energy Holdings stock appears to be undervalued. The current stock price of HK$2.57 is trading 39.7% below its estimated GF Value™ of HK$4.26. GuruFocus considers Zhongyu Energy Holdings to be Possible Value Trap.

Key valuation signals for HKSE:03633:

  • Scaled Net Operating Assets: 0.78
  • GF Value™: HK$4.26 vs. price of HK$2.57 (39.7% below fair value)
  • GF Score™: 71/100 with 8 warning signs

No single metric tells the full story. See the HKSE:03633 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhongyu Energy Holdings Business Description

Address 168-200 Connaught Road Central, Room 02-06, 24th Floor, China Merchants Building, Shun Tak Centre, Hong Kong, HKG
Zhongyu Energy Holdings Ltd is an investment holding company that is mainly engaged in the sales of piped gas. Its business segments include sales of gas, gas pipeline construction, value-added services (including sales of stoves and provision of other related services); operation of CNG/LNG vehicle filling stations; and smart energy. The majority of revenue is derived from the sale of gas segment. Geographically, the company generates key revenue from PRC.
71GF Score

Get the complete analysis for HKSE:03633

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

HK$2.57
Price
HK$4.26
GF Value