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Chuangxin Industries HoldingsHKSE:02788 +2.87%17 Altman Z-Score is 2.27 as of Aug. 29, 2026, which is 6% below its 10-year median of 2.42. GuruFocus rates HKSE:02788 with a GF Score™ of 17/100. The stock has 2 warning signs investors should review. Among 788 Metals & Mining companies, Chuangxin Industries Holdings ranks worse than 67.51% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Warning Sign:
Altman Z-score of 2.27 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Chuangxin Industries Holdings has a Altman Z-Score of 2.27, indicating it is in Grey Zones. This implies that Chuangxin Industries Holdings is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Chuangxin Industries Holdings's Altman Z-Score or its related term are showing as below:
HKSE:02788'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.27 Med: 2.42 Max: 2.42
Current: 2.27
During the past 4 years, Chuangxin Industries Holdings's highest Altman Z-Score was 2.42. The lowest was 2.27. And the median was 2.42.
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
* 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.
HKSE:02788 vs AA, CENX, CSTM: Altman Z-Score Comparison
For the Aluminum subindustry, Chuangxin Industries Holdings's Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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.
Chuangxin Industries Holdings Altman Z-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Chuangxin Industries Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Chuangxin Industries Holdings's Altman Z-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Chuangxin Industries Holdings (HKSE:02788) has a Altman Z-Score of 2.27 as of Aug. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Chuangxin Industries Holdings and its competitors. This is near median its historical median of 2.42. Over the past decade, Chuangxin Industries Holdings' Altman Z-Score has ranged from 2.27 to 2.42. According to the industry distribution chart, Chuangxin Industries Holdings ranks #532 out of 788 companies in the Metals & Mining industry, placing it in the top 67.5%.
Is Chuangxin Industries Holdings' Altman Z-Score too high?
Chuangxin Industries Holdings' current Altman Z-Score of 2.27 is near median its 10-year median of 2.42. Over the past 10 years, this metric has ranged from a low of 2.27 to a high of 2.42. The Metals & Mining industry median Altman Z-Score is 3.54. Chuangxin Industries Holdings' value of 2.27 is 35.8% below this industry median. Based on the distribution chart, Chuangxin Industries Holdings ranks #532 out of 788 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Chuangxin Industries Holdings has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Chuangxin Industries Holdings' Altman Z-Score compare to AA and CENX?
According to the Metals & Mining industry distribution chart, Chuangxin Industries Holdings ranks #532 out of 788 companies for Altman Z-Score. This places Chuangxin Industries Holdings in the lower half of its industry. The industry median Altman Z-Score is 3.54. Chuangxin Industries Holdings' value of 2.27 is 35.8% below this benchmark. Historically, Chuangxin Industries Holdings' own Altman Z-Score has ranged from 2.27 to 2.42 over the past decade. While the company's 10-year median is 2.42 vs. the industry median of 3.54, Chuangxin Industries Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for a Metals & Mining company?
The median Altman Z-Score among Metals & Mining companies is 3.54, based on 788 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Chuangxin Industries Holdings's current Altman Z-Score of 2.27 is 35.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Chuangxin Industries Holdings and its competitors. For the Metals & Mining industry, the median Altman Z-Score is 3.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chuangxin Industries Holdings's current Altman Z-Score is 2.27, which is near median its own 10-year median of 2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chuangxin Industries Holdings stock overvalued right now?
Chuangxin Industries Holdings (HKSE:02788) has a current Altman Z-Score of 2.27. The current Altman Z-Score is 2.27, which is near median its 10-year median of 2.42 and 35.8% below the Metals & Mining industry median of 3.54. Chuangxin Industries Holdings' overall GF Score™ is 17/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Chuangxin Industries Holdings (HKSE:02788), the current Altman Z-Score is 2.27 as of Aug. 29, 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.
Chuangxin Industries Holdings Ltd is an investment holding company. The company, along with its subsidiaries, is principally engaged in the production and sales of electrolytic aluminum and alumina in the People's Republic of China (PRC), focusing on alumina refining and aluminum smelting within the upstream of the aluminum industry chain. The company operates in two segments: i) Electrolytic Aluminum Business: Production and sales of aluminum ingots and liquid aluminum, ii) Alumina Business: Production and sales of alumina and other related types of products. The majority of its revenue is generated from the Electrolytic Aluminum Business.
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