Screen · Berkshire Criteria

Buffett Quality Screen

Buffett's "wonderful business" criteria, quantified into six dimensions: earnings record (20), ROE quality (25 — Fortune's double standard), low leverage (15), pricing power (15), business stability (15) and capital efficiency (10), for a 0–100 total. The entry gate is the first of Berkshire's acquisition criteria — at least $50M average pre-tax earnings over the last three fiscal years (banks and insurers excluded, as leverage is their business model; investment trusts and closed-end funds excluded, as they are portfolios rather than operating companies). Recomputed periodically from each company's last ten fiscal years; cross-listings merged by canonical ticker. Hover the score for the six-dimension breakdown; companies we cover link to their report. Filtered by market "Hong Kong", profit streak "≥5 yr": 44 match(clear filters).

#	Ticker	Mkt Cap	Score▼	10Y ROE	Profit Streak	Net Debt/Eq	Gross Margin	Report	FY
1	Hansoh Pharmaceutical Group Co Ltd 3692 · HK	$25B	94/100 Elite	26.3%low 11.4%	10 yr+	Net cash	91%	—	FY2025
2	NetEase Inc 9999 · HK	$85B	92/100 Elite	22.0%low 13.6%	10 yr+	Net cash	57%	—	FY2025
3	ANTA Sports Products Ltd 2020 · HK	$28B	92/100 Elite	23.7%low 19.9%	10 yr+	Net cash	57%	—	FY2025
4	Nongfu Spring Co Ltd 9633 · HK	$63B	89/100 Elite	36.6%low 25.1%	9 yr	Net cash	58%	—	FY2025
5	Midea Group Co., Ltd. 0300 · HK	$97B	88/100 Elite	22.1%low 17.8%	10 yr+	Net cash	26%	—	FY2025
6	Techtronic Industries Co Ltd 0669 · HK	$31B	85/100 Elite	18.7%low 17.0%	10 yr+	0.0×	39%	—	FY2025
7	Hong Kong Exchange and Clearing Ltd 0388 · HK	$66B	84/100 Elite	22.9%low 17.9%	10 yr+	Net cash	78%	—	FY2025
8	Tencent Holdings Ltd 0700 · HK	$548B	82/100 Elite	21.1%low 13.2%	10 yr+	Net cash	48%	Tencent Holdings: A Deep Research StudyMay 28, 2026 · Cautious Buy	FY2025
9	Haier Smart Home Co Ltd 6690 · HK	$27B	81/100 Elite	18.0%low 13.3%	10 yr+	0.1×	30%	—	FY2025
10	Sino Biopharmaceutical Ltd 1177 · HK	$11B	79/100 Strong	19.1%low 7.6%	10 yr+	Net cash	80%	—	FY2025
11	Shenzhou International Group Holdings Ltd 2313 · HK	$8.6B	78/100 Strong	17.2%low 12.1%	10 yr+	Net cash	28%	—	FY2025
12	Tingyi 0322 · HK	$8.6B	77/100 Strong	18.3%low 6.8%	10 yr+	0.1×	31%	—	FY2025
13	Hengan Intl Group Ltd-H 1044 · HK	$3.6B	77/100 Strong	18.0%low 9.9%	10 yr+	0.0×	38%	—	FY2025
14	Zhejiang Sanhua Intel Controls Co Ltd 2050 · HK	$17B	75/100 Strong	16.5%low 14.2%	10 yr+	Net cash	28%	—	FY2025
15	Li Ning Co Ltd 2331 · HK	$4.9B	75/100 Strong	15.0%low 10.2%	10 yr+	Net cash	49%	—	FY2025
16	China Resources Mixc Lifestyle Serv 1209 · HK	$12B	70/100 Strong	28.4%low 6.6%	9 yr	Net cash	26%	—	FY2025
17	China Shenhua Energy Co Ltd H 1088 · HK	$121B	68/100 Strong	13.1%low 7.3%	10 yr+	Net cash	38%	—	FY2025
18	Pop Mart International Group Ltd 9992 · HK	$27B	68/100 Strong	26.0%low 2.0%	9 yr	Net cash	61%	Pop Mart: A Deep Long-Term Value StudyMay 19, 2026 · Watch	FY2025
19	Chow Tai Fook Jewellery Group Ltd 1929 · HK	$16B	68/100 Strong	18.2%low 9.6%	10 yr+	0.7×	27%	Chow Tai Fook Jewellery Group: A Scale Leader in Transition, Priced Around Fair ValueJun 25, 2026 · Hold	FY2026
20	Sunny Optical Technology Group Co Ltd 2382 · HK	$7.7B	68/100 Strong	22.0%low 4.9%	10 yr+	Net cash	20%	—	FY2025
21	ENN Energy Holdings Ltd 2688 · HK	$6.7B	68/100 Strong	16.5%low 12.3%	10 yr+	0.2×	15%	—	FY2025
22	Lenovo Group 0992 · HK	$38B	67/100 Strong	21.6%low -3.0%	8 yr	0.0×	16%	Lenovo Group (0992.HK) Zen Horizon Framework Deep-Dive ResearchJun 9, 2026 · Watch	FY2026
23	WH Group Ltd 0288 · HK	$14B	65/100 Strong	13.1%low 6.4%	10 yr+	0.0×	19%	—	FY2025
24	Geely Automobile Holdings Ltd 0175 · HK	$27B	64/100 Medium	16.2%low 6.6%	10 yr+	Net cash	17%	—	FY2025
25	BYD Electronic International Co Ltd 0285 · HK	$6.8B	64/100 Medium	13.0%low 7.2%	10 yr+	Net cash	8%	—	FY2025
26	Laopu Gold Co Ltd 6181 · HK	$7.2B	63/100 Medium	24.4%low 10.9%	6 yr	0.4×	44%	Laopu Gold: A Zen Horizon Framework Deep DiveJun 7, 2026 · Watch	FY2025
27	Contemporary Amperex Technology Co., Limite 3750 · HK	$380B	62/100 Medium	16.7%low 8.7%	10 yr+	Net cash	29%	CATL: A Zen Horizon Framework Deep DiveJun 4, 2026 · Cautious Buy	FY2025
28	WuXi AppTec Co Ltd H 2359 · HK	$61B	62/100 Medium	15.9%low 9.1%	10 yr+	Net cash	40%	WuXi AppTec Zen Horizon Framework Deep Dive: A Fine Business, a Fair Price, and an Unresolved Geopolitical CatchJun 5, 2026 · Watch	FY2025
29	Montage Technology Co Ltd 6809 · HK	$63B	60/100 Medium	14.3%low 4.4%	10 yr+	Net cash	59%	—	FY2025
30	China Hongqiao Group Ltd 1378 · HK	$31B	60/100 Medium	13.9%low 9.0%	10 yr+	0.1×	21%	—	FY2025
31	Zto Express Cayman Inc 2057 · HK	$19B	60/100 Medium	12.6%low 8.8%	10 yr+	Net cash	29%	—	FY2025
32	Zijin Mining Group Co Ltd-H 2899 · HK	$113B	56/100 Medium	16.2%low 6.6%	10 yr+	0.5×	16%	—	FY2025
33	Xiaomi Corp 1810 · HK	$95B	56/100 Medium	12.8%low 1.7%	8 yr	Net cash	16%	Xiaomi Group Long-Term Owner-Oriented ResearchMay 17, 2026 · Watch	FY2025
34	WuXi Biologics 2269 · HK	$20B	56/100 Medium	13.2%low 6.3%	10 yr+	Net cash	43%	WuXi Biologics Deep Dive: A Biologics CRDMO Where Manufacturing Delivery Runs Ahead While Valuation Is Held Back by a Geopolitical DiscountJun 12, 2026 · Hold	FY2025
35	OmniVision Integrated Circuits Group, Inc. 0501 · HK	$14B	55/100 Medium	12.6%low 2.6%	10 yr+	Net cash	26%	—	FY2025
36	Orient Overseas International Ltd 0316 · HK	$13B	55/100 Medium	18.2%low -4.9%	9 yr	Net cash	21%	—	FY2025
37	GIGADEVICE 3986 · HK	$66B	54/100 Medium	12.5%low 1.1%	10 yr+	Net cash	36%	—	FY2025
38	CNOOC Ltd 0883 · HK	$145B	52/100 Medium	12.9%low 0.2%	10 yr+	Net cash	71%	—	FY2025
39	Tencent Music Entertainment Group 1698 · HK	$16B	49/100 Weak	7.3%low 0.4%	10 yr+	Net cash	36%	—	FY2025
40	WuXi XDC Cayman Inc 2268 · HK	$8.8B	48/100 Weak	17.4%low 5.2%	10 yr+	Net cash	30%	WuXi XDC: Scaling the ADC Manufacturing NetworkJun 17, 2026 · Hold	FY2025
41	CLP Holdings 0002 · HK	$25B	45/100 Weak	8.8%low 1.0%	10 yr+	0.6×	28%	—	FY2025
42	CMOC Group Ltd 3993 · HK	$47B	44/100 Weak	11.6%low 4.6%	10 yr+	Net cash	19%	—	FY2025
43	CGN Mining Co Ltd 1164 · HK	$3.4B	39/100 Weak	10.1%low 2.9%	10 yr+	0.5×	12%	—	FY2025
44	China Resources Power Holding 0836 · HK	$13B	36/100 Weak	8.9%low 2.4%	10 yr+	1.9×	33%	—	FY2025

Data and methodology: the six dimensions quantify Berkshire's published acquisition criteria and Buffett's shareholder letters (1981/1987/1991/2007 among others). Qualitative tests in the originals (e.g. "simple, understandable business", "management in place") are out of scope, and price ("available at a fair price") is covered by each report's valuation range instead. Financials come from company annual reports (via EODHD); ratios are computed in reporting currency, the USD gate via static FX. "‡" marks companies whose equity is persistently negative or tiny (ROE falls back to ROCE); "†" marks missing gross profit (operating margin used). Investment trusts and closed-end funds are excluded on two tests — name and financial shape (operating margins beyond what an operating company can achieve); REITs and operating asset managers are unaffected. This is a quantitative first pass, not investment advice. When citing this data, please credit Zen Horizon (zh.app). See our methodology for the scoring process.