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. score tier "卓越"、market "China A-shares"、Has reportで絞り込み：15 match(絞り込みを解除)。

#	銘柄	Mkt Cap	Score▼	Baillie	10Y ROE	Profit Streak	Net Debt/Eq	Gross Margin	レポート	FY
1	Shenzhen Mindray Bio-Medical Electronics Co Ltd Class A 300760 · 深圳	$27B	95/100 卓越	52/100	30.1%low 21.4%	10 yr+	Net cash	64%	Mindray Bio-Medical: The Transition Is Real, But So Is the Price Tag2026年7月19日 · Hold	FY2025
2	Kweichow Moutai Co Ltd 600519 · 上海	$236B	93/100 卓越	48/100	30.8%low 22.9%	10 yr+	Net cash	90%	Kweichow Moutai: A Long-Term Business Owner's Perspective2026年5月21日 · Watch	FY2025
3	Midea Group Co Ltd 000333 · 深圳	$94B	88/100 卓越	43/100	22.1%low 17.8%	10 yr+	Net cash	26%	Midea Group Initiation: Proven Appliance Compounder, Unearned Industrial Re-Rating2026年8月12日 · Hold	FY2025
4	Zhangzhou Pientzehuang Pharmaceutical Co Ltd 600436 · 上海	$12B	88/100 卓越	38/100	20.3%low 14.8%	10 yr+	Net cash	44%	Pientzehuang: High-Priced Core Volume Fell 21% in 2025, and CNY132.59 Still Prices In 42x Trailing Earnings2026年8月15日 · Hold	FY2025
5	Hithink RoyalFlush Info Network 300033 · 深圳	$25B	87/100 卓越	48/100	26.7%low 19.0%	10 yr+	Net cash	90%	Hithink RoyalFlush: Advertising Supplied 78% of 2025 Incremental Revenue, and CNY230.26 Already Sits at the CNY228 Base-Case Value2026年8月15日 · Hold	FY2025
6	Eastroc Beverage Group Co Ltd 605499 · 上海	$14B	87/100 卓越	50/100	34.5%low 19.9%	9 yr	Net cash	45%	Eastroc Beverage: Energy Supplies 81% of Product Gross Profit While Growing 6.9%, and RMB122.93 Leaves No Conservative Margin of Safety2026年8月15日 · Hold	FY2025
7	Shanxi Xinghuacun Fen Wine Factory Co Ltd 600809 · 上海	$22B	86/100 卓越	38/100	29.0%low 12.7%	10 yr+	Net cash	72%	Shanxi Fenjiu: 22% More Volume but Only 7.5% More Revenue in 2025, Q1 2026 Out-of-Province Sales Fell 15% While Dealers Grew, and CNY123.52 Sits Above Conservative Value2026年8月15日 · Hold	FY2025
8	Aier Eye Hospital Group 300015 · 深圳	$12B	86/100 卓越	43/100	17.4%low 14.2%	10 yr+	Net cash	49%	Aier Eye Hospital: Net Goodwill Equals 43% of Book Equity, Adjusted Profit Grew 1.36% in 2025, and CNY8.71 Leaves No Conservative Margin of Safety2026年8月15日 · Hold	FY2025
9	Xiamen Faratronic Co Ltd 600563 · 上海	$4.3B	86/100 卓越	41/100	20.2%low 17.3%	10 yr+	Net cash	39%	Xiamen Faratronic: 95% Film-Capacitor Purity, a 38.6%-to-32.1% Margin Reset, and CNY 123.01 Inside the Hold Band2026年9月13日 · Hold	FY2025
10	Jiangsu Hengrui Medicine Co Ltd 600276 · 上海	$50B	83/100 卓越	51/100	16.5%low 10.3%	10 yr+	Net cash	86%	Hengrui Pharmaceuticals: A Fortress Innovation Platform, But RMB 50 Already Pays for the Upgrade2026年6月26日 · Hold	FY2025
11	Lao Feng Xiang Co Ltd A 600612 · 上海	$2.6B	83/100 卓越	33/100	18.4%low 11.6%	10 yr+	Net cash	8%	Lao Feng Xiang: 499 Franchise Closures and a 10.6% Jewellery Gross Margin, While the Shares at CNY 34.87 Sit 9% Above the CNY 31.9 Conservative Value2026年8月9日 · Hold	FY2025
12	Foxconn Industrial Internet Co Ltd 601138 · 上海	$158B	82/100 卓越	40/100	22.0%low 15.0%	10 yr+	Net cash	8%	FII Zen Horizon Research: No. 1 in AI server rack assembly, real earnings acceleration, but a thin business at a rich valuation2026年6月4日 · Watch	FY2025
13	Suzhou TFC Optical Communication Co Ltd 300394 · 深圳	$26B	82/100 卓越	48/100	19.9%low 12.7%	10 yr+	Net cash	53%	T&S Communications: A Real Upstream Bottleneck, Priced as if Scarcity Economics Were Permanent2026年7月28日 · Avoid	FY2025
14	Shandong Himile Mechanical Science & Technology Co Ltd 002595 · 深圳	$8.5B	82/100 卓越	47/100	18.1%low 16.2%	10 yr+	Net cash	33%	Himile: A 40%-Margin Tire-Mould Franchise Is Funding Two Adjacencies That Have Not Yet Earned Their Keep2026年8月19日 · Hold	FY2025
15	NARI Technology Co Ltd 600406 · 上海	$27B	81/100 卓越	51/100	15.3%low 14.2%	10 yr+	Net cash	27%	NARI Technology: Grid-Control Franchise, Quality Already Priced2026年6月27日 · Hold	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.