Xiamen Hengkun New Material Technology Co (SHSE:688727) Scaled Net Operating Assets: 0.50 (As of Mar. 2026)

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SHSE:688727 Xiamen Hengkun New Material Technology Co Ltd SHSE:688727
34 GF Score
Price ¥46.50
! 6 Warning Signs
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What is Xiamen Hengkun New Material Technology Co Scaled Net Operating Assets?

Xiamen Hengkun New Material Technology Co SHSE:688727 -9.97% 34 Scaled Net Operating Assets is 0.50 as of Mar. 2026. GuruFocus rates SHSE:688727 with a GF Score™ of 34/100. The stock has 6 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.

Xiamen Hengkun New Material Technology Co's operating assets for the quarter that ended in Mar. 2026 was ¥2,505.6 Mil. Xiamen Hengkun New Material Technology Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥517.2 Mil. Xiamen Hengkun New Material Technology Co's Total Assets for the quarter that ended in Dec. 2025 was ¥3,985.0 Mil. Therefore, Xiamen Hengkun New Material Technology Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.50.


Xiamen Hengkun New Material Technology Co Scaled Net Operating Assets Historical Data

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The historical data trend for Xiamen Hengkun New Material 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.

Xiamen Hengkun New Material Technology Co Scaled Net Operating Assets Chart

Xiamen Hengkun New Material Technology Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.50 0.92 0.92 0.88 0.79

Xiamen Hengkun New Material Technology Co Quarterly Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec21 Dec22 Dec23 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 0.00 0.00 0.68 0.70 0.50

SHSE:688727 vs AMAT, LRCX, KLAC: Scaled Net Operating Assets Comparison

For the Semiconductor Equipment & Materials subindustry, Xiamen Hengkun New Material 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.


Xiamen Hengkun New Material Technology Co Scaled Net Operating Assets vs Semiconductors Industry

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

* The bar in red indicates where Xiamen Hengkun New Material Technology Co's Scaled Net Operating Assets falls into.


SHSE:688727
34GF Score
Xiamen Hengkun New Material Technology Co Ltd SHSE:688727
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Xiamen Hengkun New Material 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.

Xiamen Hengkun New Material 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 )
=(2660.272-574.795)/2645.366
=0.79

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3985.012 - 1324.74
=2660.272

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1480.74 - 185.063 - 720.882
=574.795

Xiamen Hengkun New Material 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 )
=(2505.618-517.188)/3985.012
=0.50

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3801.965 - 1296.347
=2505.618

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1273.027 - 265.148 - 490.691
=517.188

* 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 0.50 mean?
Xiamen Hengkun New Material Technology Co (SHSE:688727) has a Scaled Net Operating Assets of 0.50 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 Xiamen Hengkun New Material Technology Co and its competitors.
Is Xiamen Hengkun New Material Technology Co's Scaled Net Operating Assets too high?
Xiamen Hengkun New Material Technology Co's current Scaled Net Operating Assets is 0.50. Overall, Xiamen Hengkun New Material Technology Co has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Xiamen Hengkun New Material Technology Co's Scaled Net Operating Assets compare to AMAT and LRCX?
Xiamen Hengkun New Material Technology Co's Scaled Net Operating Assets of 0.50 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 Xiamen Hengkun New Material Technology Co and its competitors. Xiamen Hengkun New Material Technology Co's current Scaled Net Operating Assets is 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xiamen Hengkun New Material Technology Co stock overvalued right now?
Xiamen Hengkun New Material Technology Co (SHSE:688727) has a current Scaled Net Operating Assets of 0.50. The current Scaled Net Operating Assets is 0.50. Xiamen Hengkun New Material Technology Co's overall GF Score™ is 34/100 with 6 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 Xiamen Hengkun New Material Technology Co (SHSE:688727), the current Scaled Net Operating Assets is 0.50 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.

Xiamen Hengkun New Material Technology Co Business Description

Address Shanbian Road, No. 389, Haicang District, Fujian Province, Xiamen, CHN, 361026
Xiamen Hengkun New Material Technology Co Ltd is principally engaged in the research and development, production and sales of semiconductor materials, and its products are mainly used in the process of integrated circuit chip manufacturing. Additionally the company is into new material technology promotion services, integrated circuit manufacturing, engineering and technology research and experimental development, manufacturing of special materials for electronics and sales of chemical products, electronic special materials, machinery and equipment, and electronic products. Also, the company is into non-residential real estate leasing.
34GF Score

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