Hoshine Silicon Industry Co (SHSE:603260) Scaled Net Operating Assets: 0.66 (As of Mar. 2026)

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SHSE:603260 Hoshine Silicon Industry Co Ltd SHSE:603260
75 GF Score
Price ¥33.54
GF Value ¥46.63
Valuation Modestly Undervalued
! 10 Warning Signs
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What is Hoshine Silicon Industry Co Scaled Net Operating Assets?

Hoshine Silicon Industry Co SHSE:603260 +0.75% 75 Scaled Net Operating Assets is 0.66 as of Mar. 2026. GuruFocus rates SHSE:603260 with a GF Score™ of 75/100 and a GF Value™ of ¥46.63 (Modestly Undervalued). The stock has 10 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.

Hoshine Silicon Industry Co's operating assets for the quarter that ended in Mar. 2026 was ¥79,603 Mil. Hoshine Silicon Industry Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥24,797 Mil. Hoshine Silicon Industry Co's Total Assets for the quarter that ended in Dec. 2025 was ¥83,607 Mil. Therefore, Hoshine Silicon Industry Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.66.


Hoshine Silicon Industry Co Scaled Net Operating Assets Historical Data

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The historical data trend for Hoshine Silicon Industry 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.

Hoshine Silicon Industry Co Scaled Net Operating Assets Chart

Hoshine Silicon Industry 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 1.10 1.28 1.16 0.76 0.60

Hoshine Silicon Industry 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 0.68 0.65 0.67 0.64 0.66

SHSE:603260 vs DOW: Scaled Net Operating Assets Comparison

For the Chemicals subindustry, Hoshine Silicon Industry 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.


Hoshine Silicon Industry Co Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hoshine Silicon Industry Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Hoshine Silicon Industry Co's Scaled Net Operating Assets falls into.


SHSE:603260
75GF Score
Hoshine Silicon Industry Co Ltd SHSE:603260
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hoshine Silicon Industry 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.

Hoshine Silicon Industry 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 )
=(81548.282-26874.713)/90773.439
=0.60

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=83606.668 - 2058.386
=81548.282

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=54308.507 - 16216.636 - 11217.158
=26874.713

Hoshine Silicon Industry 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 )
=(79602.737-24796.551)/83606.668
=0.66

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=81746.267 - 2143.53
=79602.737

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=51926.306 - 12408.729 - 14721.026
=24796.551

* 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 0.66 mean?
Hoshine Silicon Industry Co (SHSE:603260) has a Scaled Net Operating Assets of 0.66 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 Hoshine Silicon Industry Co and its competitors.
Is Hoshine Silicon Industry Co's Scaled Net Operating Assets too high?
Hoshine Silicon Industry Co's current Scaled Net Operating Assets is 0.66. Overall, Hoshine Silicon Industry Co has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hoshine Silicon Industry Co's Scaled Net Operating Assets compare to DOW?
Hoshine Silicon Industry Co's Scaled Net Operating Assets of 0.66 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 Hoshine Silicon Industry Co and its competitors. Hoshine Silicon Industry Co's current Scaled Net Operating Assets is 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoshine Silicon Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Hoshine Silicon Industry Co (SHSE:603260) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥46.63, compared to a current price of ¥33.54 — trading 28.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.66. Hoshine Silicon Industry Co's overall GF Score™ is 75/100 with 10 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 Hoshine Silicon Industry Co (SHSE:603260), the current Scaled Net Operating Assets is 0.66 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 Hoshine Silicon Industry Co (SHSE:603260) Overvalued in 2026?

Based on GuruFocus' analysis, Hoshine Silicon Industry Co stock appears to be undervalued. The current stock price of ¥33.54 is trading 28.1% below its estimated GF Value™ of ¥46.63. GuruFocus considers Hoshine Silicon Industry Co to be Modestly Undervalued.

Key valuation signals for SHSE:603260:

  • Scaled Net Operating Assets: 0.66
  • GF Value™: ¥46.63 vs. price of ¥33.54 (28.1% below fair value)
  • GF Score™: 75/100 with 10 warning signs

No single metric tells the full story. See the SHSE:603260 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hoshine Silicon Industry Co Business Description

Address No. 1988, North Third Ring Road East, 23-24th Floor, Building A, Hengyuan Plaza, Zhejiang Province, Ningbo, CHN, 315300
Hoshine Silicon Industry Co Ltd is engaged in research and development, production, and sales of new silicon-based materials such as industrial silicon and organic silicon. The company's main products include industrial silicon and organosilicon, as well as polysilicon products.
75GF Score

Get the complete analysis for SHSE:603260

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

¥33.54
Price
¥46.63
GF Value