Ningxia Baofeng Energy Group Co (SHSE:600989) Scaled Net Operating Assets: 0.86 (As of Mar. 2026)

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SHSE:600989 Ningxia Baofeng Energy Group Co Ltd SHSE:600989
92 GF Score
Price ¥22.07
GF Value ¥26.94
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Ningxia Baofeng Energy Group Co Scaled Net Operating Assets?

Ningxia Baofeng Energy Group Co SHSE:600989 +0.18% 92 Scaled Net Operating Assets is 0.86 as of Mar. 2026. GuruFocus rates SHSE:600989 with a GF Score™ of 92/100 and a GF Value™ of ¥26.94 (Modestly Undervalued). The stock has 4 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.

Ningxia Baofeng Energy Group Co's operating assets for the quarter that ended in Mar. 2026 was ¥89,560 Mil. Ningxia Baofeng Energy Group Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥12,000 Mil. Ningxia Baofeng Energy Group Co's Total Assets for the quarter that ended in Dec. 2025 was ¥90,152 Mil. Therefore, Ningxia Baofeng Energy Group Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.86.


Ningxia Baofeng Energy Group Co Scaled Net Operating Assets Historical Data

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The historical data trend for Ningxia Baofeng Energy 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.

Ningxia Baofeng Energy Group Co Scaled Net Operating Assets Chart

Ningxia Baofeng Energy 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 0.96 1.05 1.01 1.00 0.86

Ningxia Baofeng Energy 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 0.86 0.83 0.84 0.85 0.86

SHSE:600989 vs DOW: Scaled Net Operating Assets Comparison

For the Chemicals subindustry, Ningxia Baofeng Energy 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.


Ningxia Baofeng Energy Group Co Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ningxia Baofeng Energy Group Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Ningxia Baofeng Energy Group Co's Scaled Net Operating Assets falls into.


SHSE:600989
92GF Score
Ningxia Baofeng Energy Group Co Ltd SHSE:600989
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ningxia Baofeng Energy 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.

Ningxia Baofeng Energy 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 )
=(88807.518-11688.892)/89566.218
=0.86

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=90152.489 - 1344.971
=88807.518

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=41762.57 - 24350.627 - 5723.051
=11688.892

Ningxia Baofeng Energy 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 )
=(89559.852-12000.414)/90152.489
=0.86

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=94509.168 - 4949.316
=89559.852

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=42392.445 - 24688.782 - 5703.249
=12000.414

* 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 0.86 mean?
Ningxia Baofeng Energy Group Co (SHSE:600989) has a Scaled Net Operating Assets of 0.86 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 Ningxia Baofeng Energy Group Co and its competitors.
Is Ningxia Baofeng Energy Group Co's Scaled Net Operating Assets too high?
Ningxia Baofeng Energy Group Co's current Scaled Net Operating Assets is 0.86. Overall, Ningxia Baofeng Energy Group Co has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningxia Baofeng Energy Group Co's Scaled Net Operating Assets compare to DOW?
Ningxia Baofeng Energy Group Co's Scaled Net Operating Assets of 0.86 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 Ningxia Baofeng Energy Group Co and its competitors. Ningxia Baofeng Energy Group Co's current Scaled Net Operating Assets is 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningxia Baofeng Energy Group Co stock overvalued right now?
Based on GuruFocus' analysis, Ningxia Baofeng Energy Group Co (SHSE:600989) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥26.94, compared to a current price of ¥22.07 — trading 18.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.86. Ningxia Baofeng Energy Group Co's overall GF Score™ is 92/100 with 4 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 Ningxia Baofeng Energy Group Co (SHSE:600989), the current Scaled Net Operating Assets is 0.86 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 Ningxia Baofeng Energy Group Co (SHSE:600989) Overvalued in 2026?

Based on GuruFocus' analysis, Ningxia Baofeng Energy Group Co stock appears to be undervalued. The current stock price of ¥22.07 is trading 18.1% below its estimated GF Value™ of ¥26.94. GuruFocus considers Ningxia Baofeng Energy Group Co to be Modestly Undervalued.

Key valuation signals for SHSE:600989:

  • Scaled Net Operating Assets: 0.86
  • GF Value™: ¥26.94 vs. price of ¥22.07 (18.1% below fair value)
  • GF Score™: 92/100 with 4 warning signs

No single metric tells the full story. See the SHSE:600989 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ningxia Baofeng Energy Group Co Business Description

Address Baofeng Circular Economy Industrial Park, Ningdong Energy and Chemical Industry Base, Ningxia Hui Autonomous Region, Yinchuan, CHN, 750411
Ningxia Baofeng Energy Group Co Ltd is engaged in the production and sales of modern coal chemical products. The company operates through four segments. The Coking Products segment covers coal mining, washing, and coking activities. The Fine Chemical Products segment focuses on coal tar, crude benzene, and C4 deep-processed products. The Olefin Products segment is involved in the production of methanol and olefins. The Headquarters and Other Product segment manages investment, financing, and support services, alongside the activities of its commercial service companies. It generates the majority of its revenue from the Olefin Products segment.
92GF Score

Get the complete analysis for SHSE:600989

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

¥22.07
Price
¥26.94
GF Value