CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) Scaled Net Operating Assets: 0.23 (As of Mar. 2026)

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SHSE:600685 CSSC Offshore & Marine Engineering (Group) Co Ltd SHSE:600685
63 GF Score
Price ¥25.14
GF Value ¥34.41
Valuation Modestly Undervalued
! 3 Warning Signs
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What is CSSC Offshore & Marine Engineering (Group) Co Scaled Net Operating Assets?

CSSC Offshore & Marine Engineering (Group) Co SHSE:600685 63 Scaled Net Operating Assets is 0.23 as of Mar. 2026. GuruFocus rates SHSE:600685 with a GF Score™ of 63/100 and a GF Value™ of ¥34.41 (Modestly Undervalued). The stock has 3 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.

CSSC Offshore & Marine Engineering (Group) Co's operating assets for the quarter that ended in Mar. 2026 was ¥41,277 Mil. CSSC Offshore & Marine Engineering (Group) Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥28,606 Mil. CSSC Offshore & Marine Engineering (Group) Co's Total Assets for the quarter that ended in Dec. 2025 was ¥56,022 Mil. Therefore, CSSC Offshore & Marine Engineering (Group) Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.23.


CSSC Offshore & Marine Engineering (Group) Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for CSSC Offshore & Marine Engineering (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.

CSSC Offshore & Marine Engineering (Group) Co Scaled Net Operating Assets Chart

CSSC Offshore & Marine Engineering (Group) 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 0.31 0.24 0.18 0.24 0.26

CSSC Offshore & Marine Engineering (Group) 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 0.21 0.20 0.23 0.25 0.23

SHSE:600685 vs SPCX, GE, RTX: Scaled Net Operating Assets Comparison

For the Aerospace & Defense subindustry, CSSC Offshore & Marine Engineering (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.


CSSC Offshore & Marine Engineering (Group) Co Scaled Net Operating Assets vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, CSSC Offshore & Marine Engineering (Group) Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where CSSC Offshore & Marine Engineering (Group) Co's Scaled Net Operating Assets falls into.


SHSE:600685
63GF Score
CSSC Offshore & Marine Engineering (Group) Co Ltd SHSE:600685
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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CSSC Offshore & Marine Engineering (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.

CSSC Offshore & Marine Engineering (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 )
=(42150.218-28311.647)/53596.114
=0.26

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=56021.548 - 13871.33
=42150.218

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=34331.043 - 2321.21 - 3698.186
=28311.647

CSSC Offshore & Marine Engineering (Group) 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 )
=(41276.975-28605.632)/56021.548
=0.23

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=55675.115 - 14398.14
=41276.975

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=33908.819 - 1716.854 - 3586.333
=28605.632

* 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 0.23 mean?
CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) has a Scaled Net Operating Assets of 0.23 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 CSSC Offshore & Marine Engineering (Group) Co and its competitors.
Is CSSC Offshore & Marine Engineering (Group) Co's Scaled Net Operating Assets too high?
CSSC Offshore & Marine Engineering (Group) Co's current Scaled Net Operating Assets is 0.23. Overall, CSSC Offshore & Marine Engineering (Group) Co has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CSSC Offshore & Marine Engineering (Group) Co's Scaled Net Operating Assets compare to SPCX and GE?
CSSC Offshore & Marine Engineering (Group) Co's Scaled Net Operating Assets of 0.23 can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good Scaled Net Operating Assets depends on the Aerospace & Defense 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 CSSC Offshore & Marine Engineering (Group) Co and its competitors. CSSC Offshore & Marine Engineering (Group) Co's current Scaled Net Operating Assets is 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSSC Offshore & Marine Engineering (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥34.41, compared to a current price of ¥25.14 — trading 26.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.23. CSSC Offshore & Marine Engineering (Group) Co's overall GF Score™ is 63/100 with 3 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 CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685), the current Scaled Net Operating Assets is 0.23 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 CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) Overvalued in 2026?

Based on GuruFocus' analysis, CSSC Offshore & Marine Engineering (Group) Co stock appears to be undervalued. The current stock price of ¥25.14 is trading 26.9% below its estimated GF Value™ of ¥34.41. GuruFocus considers CSSC Offshore & Marine Engineering (Group) Co to be Modestly Undervalued.

Key valuation signals for SHSE:600685:

  • Scaled Net Operating Assets: 0.23
  • GF Value™: ¥34.41 vs. price of ¥25.14 (26.9% below fair value)
  • GF Score™: 63/100 with 3 warning signs

No single metric tells the full story. See the SHSE:600685 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CSSC Offshore & Marine Engineering (Group) Co Business Description

Other Exchanges 00317:Hong Kong
Address No. 10, Jibaosha North Road, Nansha District, Guangzhou, CHN, 510250
CSSC Offshore & Marine Engineering (Group) Co Ltd manufactures military and civil ships and conducts off-shore engineering. The functions of the boats have a wide range, including military, patrol, rescue, and transportation. Multiple subsidiaries allow the company to produce multiple ships and supply customized maintenance for clients. The company operates through the following business segments: Shipbuilding and related business which generates key revenue, Steel Structure engineering, Ship maintenance, and others.
63GF Score

Get the complete analysis for SHSE:600685

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

¥25.14
Price
¥34.41
GF Value