Changzhou Fusion New Material Co (SHSE:688503) Scaled Net Operating Assets: 0.76 (As of Jun. 2026)

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SHSE:688503 Changzhou Fusion New Material Co Ltd SHSE:688503
90 GF Score
Price ¥73.88
GF Value ¥80.14
Valuation Fairly Valued
! 10 Warning Signs
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What is Changzhou Fusion New Material Co Scaled Net Operating Assets?

Changzhou Fusion New Material Co SHSE:688503 +2.90% 90 Scaled Net Operating Assets is 0.76 as of Jun. 2026. GuruFocus rates SHSE:688503 with a GF Score™ of 90/100 and a GF Value™ of ¥80.14 (Fairly Valued). 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.

Changzhou Fusion New Material Co's operating assets for the quarter that ended in Jun. 2026 was ¥11,346 Mil. Changzhou Fusion New Material Co's operating liabilities for the quarter that ended in Jun. 2026 was ¥1,091 Mil. Changzhou Fusion New Material Co's Total Assets for the quarter that ended in Mar. 2026 was ¥13,410 Mil. Therefore, Changzhou Fusion New Material Co's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.76.


Changzhou Fusion New Material Co Scaled Net Operating Assets Historical Data

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The historical data trend for Changzhou Fusion New Material 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.

Changzhou Fusion New Material Co Scaled Net Operating Assets Chart

Changzhou Fusion New Material Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 1.61 0.89 0.81 0.73 1.02

Changzhou Fusion New Material Co Quarterly Data
Mar21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.69 0.84 0.69 0.73 0.77

SHSE:688503 vs FSLR, NXT, ENPH: Scaled Net Operating Assets Comparison

For the Solar subindustry, Changzhou Fusion New Material 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.


Changzhou Fusion New Material Co Scaled Net Operating Assets vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Changzhou Fusion New Material Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Changzhou Fusion New Material Co's Scaled Net Operating Assets falls into.


SHSE:688503
90GF Score
Changzhou Fusion New Material Co Ltd SHSE:688503
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Changzhou Fusion New Material 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.

Changzhou Fusion New Material 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 )
=(9315.87-1190.989)/7976.007
=1.02

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11978.368 - 2662.498
=9315.87

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6978.309 - 5.716 - 5781.604
=1190.989

Changzhou Fusion New Material Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(11346.258-1090.988)/13409.617
=0.76

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13184.903 - 1838.645
=11346.258

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8373.121 - 202.853 - 7079.28
=1090.988

* 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 0.76 mean?
Changzhou Fusion New Material Co (SHSE:688503) has a Scaled Net Operating Assets of 0.76 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Changzhou Fusion New Material Co and its competitors.
Is Changzhou Fusion New Material Co's Scaled Net Operating Assets too high?
Changzhou Fusion New Material Co's current Scaled Net Operating Assets is 0.76. Overall, Changzhou Fusion New Material Co has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Changzhou Fusion New Material Co's Scaled Net Operating Assets compare to FSLR and NXT?
Changzhou Fusion New Material Co's Scaled Net Operating Assets of 0.76 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 Changzhou Fusion New Material Co and its competitors. Changzhou Fusion New Material Co's current Scaled Net Operating Assets is 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changzhou Fusion New Material Co stock overvalued right now?
Based on GuruFocus' analysis, Changzhou Fusion New Material Co (SHSE:688503) is currently considered Fairly Valued. The stock's GF Value™ is ¥80.14, compared to a current price of ¥73.88 — trading 7.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.76. Changzhou Fusion New Material Co's overall GF Score™ is 90/100 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 Changzhou Fusion New Material Co (SHSE:688503), the current Scaled Net Operating Assets is 0.76 as of Jun. 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 Changzhou Fusion New Material Co (SHSE:688503) Overvalued in 2026?

Based on GuruFocus' analysis, Changzhou Fusion New Material Co stock appears to be undervalued. The current stock price of ¥73.88 is trading 7.8% below its estimated GF Value™ of ¥80.14. GuruFocus considers Changzhou Fusion New Material Co to be Fairly Valued.

Key valuation signals for SHSE:688503:

  • Scaled Net Operating Assets: 0.76
  • GF Value™: ¥80.14 vs. price of ¥73.88 (7.8% below fair value)
  • GF Score™: 90/100 with 10 warning signs

No single metric tells the full story. See the SHSE:688503 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Changzhou Fusion New Material Co Business Description

Address No. 66 Liuyanghe Road, Xinbei District, Jiangsu Province, Changzhou, CHN, 213031
Changzhou Fusion New Material Co Ltd specializes in the research and development, production and sales of new electronic pastes. The company's main product is front silver paste for solar cells. Front silver paste is a functional material based on silver powder, which is the key material for the preparation of solar cell metal electrodes. Its product performance and preparation process are directly related to the photoelectric conversion efficiency of solar cells.
90GF Score

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

¥73.88
Price
¥80.14
GF Value