Zhejiang Huangma Technology Co (SHSE:603181) Scaled Net Operating Assets: 0.80 (As of Mar. 2026)

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SHSE:603181 Zhejiang Huangma Technology Co Ltd SHSE:603181
87 GF Score
Price ¥13.10
GF Value ¥13.62
Valuation Fairly Valued
! 3 Warning Signs
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What is Zhejiang Huangma Technology Co Scaled Net Operating Assets?

Zhejiang Huangma Technology Co SHSE:603181 -0.53% 87 Scaled Net Operating Assets is 0.80 as of Mar. 2026. GuruFocus rates SHSE:603181 with a GF Score™ of 87/100 and a GF Value™ of ¥13.62 (Fairly Valued). 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.

Zhejiang Huangma Technology Co's operating assets for the quarter that ended in Mar. 2026 was ¥3,895 Mil. Zhejiang Huangma Technology Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥436 Mil. Zhejiang Huangma Technology Co's Total Assets for the quarter that ended in Dec. 2025 was ¥4,316 Mil. Therefore, Zhejiang Huangma Technology Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.80.


Zhejiang Huangma Technology Co Scaled Net Operating Assets Historical Data

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The historical data trend for Zhejiang Huangma Technology 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.

Zhejiang Huangma Technology Co Scaled Net Operating Assets Chart

Zhejiang Huangma Technology 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 0.71 0.70 0.73 0.87 0.84

Zhejiang Huangma Technology 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 0.80 0.80 0.81 0.80 0.80

SHSE:603181 vs LIN, SHW, ECL: Scaled Net Operating Assets Comparison

For the Specialty Chemicals subindustry, Zhejiang Huangma Technology 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.


Zhejiang Huangma Technology Co Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Huangma Technology Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Zhejiang Huangma Technology Co's Scaled Net Operating Assets falls into.


SHSE:603181
87GF Score
Zhejiang Huangma Technology Co Ltd SHSE:603181
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Zhejiang Huangma Technology 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.

Zhejiang Huangma Technology 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 )
=(3679.666-412.248)/3875.093
=0.84

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4315.646 - 635.98
=3679.666

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=869.632 - 418.451 - 38.933
=412.248

Zhejiang Huangma Technology 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 )
=(3894.829-435.697)/4315.646
=0.80

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4541.085 - 646.256
=3894.829

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=927.28 - 452.651 - 38.932
=435.697

* 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 0.80 mean?
Zhejiang Huangma Technology Co (SHSE:603181) has a Scaled Net Operating Assets of 0.80 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 Zhejiang Huangma Technology Co and its competitors.
Is Zhejiang Huangma Technology Co's Scaled Net Operating Assets too high?
Zhejiang Huangma Technology Co's current Scaled Net Operating Assets is 0.80. Overall, Zhejiang Huangma Technology Co has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Huangma Technology Co's Scaled Net Operating Assets compare to LIN and SHW?
Zhejiang Huangma Technology Co's Scaled Net Operating Assets of 0.80 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 Zhejiang Huangma Technology Co and its competitors. Zhejiang Huangma Technology Co's current Scaled Net Operating Assets is 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Huangma Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Huangma Technology Co (SHSE:603181) is currently considered Fairly Valued. The stock's GF Value™ is ¥13.62, compared to a current price of ¥13.10 — trading 3.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.80. Zhejiang Huangma Technology Co's overall GF Score™ is 87/100 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 Zhejiang Huangma Technology Co (SHSE:603181), the current Scaled Net Operating Assets is 0.80 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 Zhejiang Huangma Technology Co (SHSE:603181) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Huangma Technology Co stock appears to be undervalued. The current stock price of ¥13.10 is trading 3.8% below its estimated GF Value™ of ¥13.62. GuruFocus considers Zhejiang Huangma Technology Co to be Fairly Valued.

Key valuation signals for SHSE:603181:

  • Scaled Net Operating Assets: 0.80
  • GF Value™: ¥13.62 vs. price of ¥13.10 (3.8% below fair value)
  • GF Score™: 87/100 with 3 warning signs

No single metric tells the full story. See the SHSE:603181 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiang Huangma Technology Co Business Description

Address Zhangzhen Industrial New District, Shangyu District, Zhejiang Province, Shaoxing, CHN, 312363
Zhejiang Huangma Technology Co Ltd is focused on the development, production and sales of speciality surfactants. Its product offering includes more than 1,200 products in the chemical fibre Oil olate, printing and textile auxiliaries plate, lubricant and metalworking fluids plate, water reducing agent plate, coating plate, silicones surfactant plate, pesticide auxiliary plate, water treatment plate, personal care plate and other surfactant plates. The products are widely applied to silicone, lubricants and metal processing, environmentally friendly coatings, composite new materials, special fibres, agrochemical additives and other downstream areas.
87GF Score

Get the complete analysis for SHSE:603181

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

¥13.10
Price
¥13.62
GF Value