Ximei Resources Holding (HKSE:09936) Scaled Net Operating Assets: 1.01 (As of Dec. 2025)

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HKSE:09936 Ximei Resources Holding Ltd HKSE:09936
70 GF Score
Price HK$14.40
GF Value HK$6.67
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Ximei Resources Holding Scaled Net Operating Assets?

Ximei Resources Holding HKSE:09936 +5.34% 70 Scaled Net Operating Assets is 1.01 as of Dec. 2025. GuruFocus rates HKSE:09936 with a GF Score™ of 70/100 and a GF Value™ of HK$6.67 (Significantly 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.

Ximei Resources Holding's operating assets for the quarter that ended in Dec. 2025 was HK$2,974 Mil. Ximei Resources Holding's operating liabilities for the quarter that ended in Dec. 2025 was HK$345 Mil. Ximei Resources Holding's Total Assets for the quarter that ended in Jun. 2025 was HK$2,609 Mil. Therefore, Ximei Resources Holding's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.01.


Ximei Resources Holding Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Ximei Resources Holding'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.

Ximei Resources Holding Scaled Net Operating Assets Chart

Ximei Resources Holding 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 1.00 1.00 0.95 0.87 1.15

Ximei Resources Holding Semi-Annual Data
Dec16 Dec17 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 0.92 0.82 0.85 0.97 1.01

HKSE:09936 vs LIN, SHW, ECL: Scaled Net Operating Assets Comparison

For the Specialty Chemicals subindustry, Ximei Resources Holding'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.


Ximei Resources Holding Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ximei Resources Holding's Scaled Net Operating Assets distribution charts can be found below:

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


HKSE:09936
70GF Score
Ximei Resources Holding Ltd HKSE:09936
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ximei Resources Holding 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.

Ximei Resources Holding'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 )
=(2974.307-344.762)/2288.494
=1.15

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3450.987 - 476.68
=2974.307

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1745.844 - 496.481 - 904.601
=344.762

Ximei Resources Holding'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 )
=(2974.307-344.762)/2609.026
=1.01

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3450.987 - 476.68
=2974.307

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1745.844 - 496.481 - 904.601
=344.762

* 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 1.01 mean?
Ximei Resources Holding (HKSE:09936) has a Scaled Net Operating Assets of 1.01 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 Ximei Resources Holding and its competitors.
Is Ximei Resources Holding's Scaled Net Operating Assets too high?
Ximei Resources Holding's current Scaled Net Operating Assets is 1.01. Overall, Ximei Resources Holding has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ximei Resources Holding's Scaled Net Operating Assets compare to LIN and SHW?
Ximei Resources Holding's Scaled Net Operating Assets of 1.01 can be compared against companies in the Chemicals 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 Chemicals company?
A good Scaled Net Operating Assets depends on the Chemicals 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 Ximei Resources Holding and its competitors. Ximei Resources Holding's current Scaled Net Operating Assets is 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ximei Resources Holding stock overvalued right now?
Based on GuruFocus' analysis, Ximei Resources Holding (HKSE:09936) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$6.67, compared to a current price of HK$14.40 — trading 115.9% above its estimated fair value. The current Scaled Net Operating Assets is 1.01. Ximei Resources Holding's overall GF Score™ is 70/100 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 Ximei Resources Holding (HKSE:09936), the current Scaled Net Operating Assets is 1.01 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 Ximei Resources Holding (HKSE:09936) Overvalued in 2026?

Based on GuruFocus' analysis, Ximei Resources Holding stock appears to be overvalued. The current stock price of HK$14.40 is trading 115.9% above its estimated GF Value™ of HK$6.67. GuruFocus considers Ximei Resources Holding to be Significantly Overvalued.

Key valuation signals for HKSE:09936:

  • Scaled Net Operating Assets: 1.01
  • GF Value™: HK$6.67 vs. price of HK$14.40 (115.9% above fair value)
  • GF Score™: 70/100 with 6 warning signs

No single metric tells the full story. See the HKSE:09936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ximei Resources Holding Business Description

Address East Hanxi Avenue, Zhongcun Street, No. 290 Poly Metropolis, Room 1903, A3 Office Building, East Hanxi Avenue, Panyu District, Guangzhou, CHN
Ximei Resources Holding Ltd produces tantalum and niobium-based metallurgical products in China. Tantalum and niobium-based metallurgical products are essential in the downstream manufacture of many products used in high-tech industries, such as special alloys, chemicals, automobiles, Oil and gas pipelines, Sputtering targets, capacitors, and hard alloys. Its principal products are tantalum pentoxide and niobium pentoxide. It also produces and sells potassium heptafluorotantalate. The company sells processed products such as tantalum bars, tantalum carbide, and niobium bars to process the pentoxide products and potassium heptafluorotantalate it produces or purchases from third-party metallurgy companies.
70GF Score

Get the complete analysis for HKSE:09936

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

HK$14.40
Price
HK$6.67
GF Value