Henan Shijia Photons Technology Co (SHSE:688313) Scaled Net Operating Assets: 0.71 (As of Mar. 2026)

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SHSE:688313 Henan Shijia Photons Technology Co Ltd SHSE:688313
67 GF Score
Price ¥143.95
GF Value ¥44.97
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Henan Shijia Photons Technology Co Scaled Net Operating Assets?

Henan Shijia Photons Technology Co SHSE:688313 -1.87% 67 Scaled Net Operating Assets is 0.71 as of Mar. 2026. GuruFocus rates SHSE:688313 with a GF Score™ of 67/100 and a GF Value™ of ¥44.97 (Significantly Overvalued). 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.

Henan Shijia Photons Technology Co's operating assets for the quarter that ended in Mar. 2026 was ¥2,412 Mil. Henan Shijia Photons Technology Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥694 Mil. Henan Shijia Photons Technology Co's Total Assets for the quarter that ended in Dec. 2025 was ¥2,429 Mil. Therefore, Henan Shijia Photons Technology Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.71.


Henan Shijia Photons Technology Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Henan Shijia Photons 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.

Henan Shijia Photons Technology Co Scaled Net Operating Assets Chart

Henan Shijia Photons Technology Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 0.48 0.50 0.45 0.62 0.89

Henan Shijia Photons 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 0.70 0.67 0.67 0.62 0.71

SHSE:688313 vs AMAT, LRCX, KLAC: Scaled Net Operating Assets Comparison

For the Semiconductor Equipment & Materials subindustry, Henan Shijia Photons 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.


Henan Shijia Photons Technology Co Scaled Net Operating Assets vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Henan Shijia Photons Technology Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Henan Shijia Photons Technology Co's Scaled Net Operating Assets falls into.


SHSE:688313
67GF Score
Henan Shijia Photons Technology Co Ltd SHSE:688313
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Henan Shijia Photons 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.

Henan Shijia Photons 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 )
=(2071.582-494.059)/1782.152
=0.89

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2428.825 - 357.243
=2071.582

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=879.924 - 26.901 - 358.964
=494.059

Henan Shijia Photons 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 )
=(2412.181-693.966)/2428.825
=0.71

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2695.151 - 282.97
=2412.181

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1036.676 - 24.854 - 317.856
=693.966

* 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 0.71 mean?
Henan Shijia Photons Technology Co (SHSE:688313) has a Scaled Net Operating Assets of 0.71 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 Henan Shijia Photons Technology Co and its competitors.
Is Henan Shijia Photons Technology Co's Scaled Net Operating Assets too high?
Henan Shijia Photons Technology Co's current Scaled Net Operating Assets is 0.71. Overall, Henan Shijia Photons Technology Co has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Henan Shijia Photons Technology Co's Scaled Net Operating Assets compare to AMAT and LRCX?
Henan Shijia Photons Technology Co's Scaled Net Operating Assets of 0.71 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Scaled Net Operating Assets depends on the Semiconductors 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 Henan Shijia Photons Technology Co and its competitors. Henan Shijia Photons Technology Co's current Scaled Net Operating Assets is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henan Shijia Photons Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Henan Shijia Photons Technology Co (SHSE:688313) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥44.97, compared to a current price of ¥143.95 — trading 220.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.71. Henan Shijia Photons Technology Co's overall GF Score™ is 67/100 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 Henan Shijia Photons Technology Co (SHSE:688313), the current Scaled Net Operating Assets is 0.71 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 Henan Shijia Photons Technology Co (SHSE:688313) Overvalued in 2026?

Based on GuruFocus' analysis, Henan Shijia Photons Technology Co stock appears to be overvalued. The current stock price of ¥143.95 is trading 220.1% above its estimated GF Value™ of ¥44.97. GuruFocus considers Henan Shijia Photons Technology Co to be Significantly Overvalued.

Key valuation signals for SHSE:688313:

  • Scaled Net Operating Assets: 0.71
  • GF Value™: ¥44.97 vs. price of ¥143.95 (220.1% above fair value)
  • GF Score™: 67/100 with 5 warning signs

No single metric tells the full story. See the SHSE:688313 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Henan Shijia Photons Technology Co Business Description

Address 201 Yanhe Road, Qibin District, Henan Province, Hebi, CHN, 458030
Henan Shijia Photons Technology Co Ltd is engaged in development, production, sales and related technical services of optical chips and devices, indoor optical cables and cable materials. The company's business covers optical chips and devices, indoor optical cables and cable materials. Its main products include PLC splitter chip series products, AWG chip series products, DFB laser chip series products, optical fiber connectors, indoor optical cables, cable materials.
67GF Score

Get the complete analysis for SHSE:688313

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

¥143.95
Price
¥44.97
GF Value