Shanghai Zhenhua Heavy Industries Co (SHSE:600320) Scaled Net Operating Assets: 0.42 (As of Mar. 2026)

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SHSE:600320 Shanghai Zhenhua Heavy Industries Co Ltd SHSE:600320
78 GF Score
Price ¥4.14
GF Value ¥4.61
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Shanghai Zhenhua Heavy Industries Co Scaled Net Operating Assets?

Shanghai Zhenhua Heavy Industries Co SHSE:600320 +1.97% 78 Scaled Net Operating Assets is 0.42 as of Mar. 2026. GuruFocus rates SHSE:600320 with a GF Score™ of 78/100 and a GF Value™ of ¥4.61 (Modestly Undervalued). 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.

Shanghai Zhenhua Heavy Industries Co's operating assets for the quarter that ended in Mar. 2026 was ¥76,620 Mil. Shanghai Zhenhua Heavy Industries Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥41,549 Mil. Shanghai Zhenhua Heavy Industries Co's Total Assets for the quarter that ended in Dec. 2025 was ¥83,035 Mil. Therefore, Shanghai Zhenhua Heavy Industries Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.42.


Shanghai Zhenhua Heavy Industries Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Shanghai Zhenhua Heavy Industries 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.

Shanghai Zhenhua Heavy Industries Co Scaled Net Operating Assets Chart

Shanghai Zhenhua Heavy Industries Co 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 0.57 0.57 0.53 0.46 0.41

Shanghai Zhenhua Heavy Industries Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.44 0.44 0.45 0.42 0.42

SHSE:600320 vs GEV, ETN, PH: Scaled Net Operating Assets Comparison

For the Specialty Industrial Machinery subindustry, Shanghai Zhenhua Heavy Industries 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.


Shanghai Zhenhua Heavy Industries Co Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Zhenhua Heavy Industries Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Shanghai Zhenhua Heavy Industries Co's Scaled Net Operating Assets falls into.


SHSE:600320
78GF Score
Shanghai Zhenhua Heavy Industries Co Ltd SHSE:600320
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai Zhenhua Heavy Industries 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.

Shanghai Zhenhua Heavy Industries 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 )
=(78060.981-43223.376)/85767.463
=0.41

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=83034.704 - 4973.723
=78060.981

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=64279.643 - 13060.624 - 7995.643
=43223.376

Shanghai Zhenhua Heavy Industries Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(76619.678-41548.639)/83034.704
=0.42

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=80199.124 - 3579.446
=76619.678

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=61131.996 - 10748.885 - 8834.472
=41548.639

* 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 0.42 mean?
Shanghai Zhenhua Heavy Industries Co (SHSE:600320) has a Scaled Net Operating Assets of 0.42 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Shanghai Zhenhua Heavy Industries Co and its competitors.
Is Shanghai Zhenhua Heavy Industries Co's Scaled Net Operating Assets too high?
Shanghai Zhenhua Heavy Industries Co's current Scaled Net Operating Assets is 0.42. Overall, Shanghai Zhenhua Heavy Industries Co has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Zhenhua Heavy Industries Co's Scaled Net Operating Assets compare to GEV and ETN?
Shanghai Zhenhua Heavy Industries Co's Scaled Net Operating Assets of 0.42 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products 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 Shanghai Zhenhua Heavy Industries Co and its competitors. Shanghai Zhenhua Heavy Industries Co's current Scaled Net Operating Assets is 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Zhenhua Heavy Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Zhenhua Heavy Industries Co (SHSE:600320) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥4.61, compared to a current price of ¥4.14 — trading 10.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.42. Shanghai Zhenhua Heavy Industries Co's overall GF Score™ is 78/100 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 Shanghai Zhenhua Heavy Industries Co (SHSE:600320), the current Scaled Net Operating Assets is 0.42 as of Mar. 2026. 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 Shanghai Zhenhua Heavy Industries Co (SHSE:600320) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Zhenhua Heavy Industries Co stock appears to be undervalued. The current stock price of ¥4.14 is trading 10.2% below its estimated GF Value™ of ¥4.61. GuruFocus considers Shanghai Zhenhua Heavy Industries Co to be Modestly Undervalued.

Key valuation signals for SHSE:600320:

  • Scaled Net Operating Assets: 0.42
  • GF Value™: ¥4.61 vs. price of ¥4.14 (10.2% below fair value)
  • GF Score™: 78/100 with 5 warning signs

No single metric tells the full story. See the SHSE:600320 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Zhenhua Heavy Industries Co Business Description

Other Exchanges 900947:China
Address No.3470, Pudong South Road, Shanghai, CHN, 200125
Shanghai Zhenhua Heavy Industries Co Ltd manufactures heavy equipment and offers product design and aftermarket services. It constructs large port loading systems and equipment, offshore heavy equipment, engineering machinery, ships, and other large structures. In addition, the company offers environment-friendly devices, including wind power, sea water desalination, sewage treatment, and recycling equipment. Research centers and technologies help meet customers' needs, and provide innovative solutions to enhance operational performance. Offices with regional parts are scattered across the globe to supply timely responses and support preventive maintenance. The majority of total revenue comes from Asia, but the company has diversified operations to several continents.
78GF Score

Get the complete analysis for SHSE:600320

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

¥4.14
Price
¥4.61
GF Value