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. market "Hong Kong"、profit streak "≥7 yr"で絞り込み：43 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	Hansoh Pharmaceutical Group Co Ltd 3692 · 香港株	$25B	94/100 卓越	53/100	26.3%low 11.4%	10 yr+	Net cash	91%	Hansoh Pharmaceutical: One Molecule, One Royalty Book, and a Price That Already Pays for Both2026年8月17日 · Hold	FY2025
2	NetEase Inc 9999 · 香港株	$85B	92/100 卓越	—	22.0%low 13.6%	10 yr+	Net cash	57%	—	FY2025
3	ANTA Sports Products Ltd 2020 · 香港株	$28B	92/100 卓越	55/100	23.7%low 19.9%	10 yr+	Net cash	57%	ANTA Sports: Other Brands Grew 59.2% While the Core Brand Managed 3.7%, and at HKD 74.50 the Shares Already Sit Above the HKD 68 Conservative Sum-of-the-Parts2026年8月7日 · Hold	FY2025
4	Nongfu Spring Co Ltd 9633 · 香港株	$63B	89/100 卓越	54/100	36.6%low 25.1%	9 yr	Net cash	58%	Nongfu Spring: Tea Overtook Water Back in 2024 and Now Supplies 52% of Segment Profit, While HK$42.40 Sits 12% Above Conservative Value2026年9月6日 · Hold	FY2025
5	Midea Group Co., Ltd. 0300 · 香港株	$97B	88/100 卓越	—	22.1%low 17.8%	10 yr+	Net cash	26%	—	FY2025
6	Techtronic Industries Co Ltd 0669 · 香港株	$31B	85/100 卓越	43/100	18.7%low 17.0%	10 yr+	0.0×	39%	Techtronic Industries: MILWAUKEE Compounds Near 10% While RYOBI Barely Grows, and HK$142.40 Offers No Conservative Margin of Safety2026年8月15日 · Hold	FY2025
7	Hong Kong Exchange and Clearing Ltd 0388 · 香港株	$66B	84/100 卓越	—	22.9%low 17.9%	10 yr+	Net cash	78%	—	FY2025
8	Tencent Holdings Ltd 0700 · 香港株	$548B	82/100 卓越	53/100	21.1%low 13.2%	10 yr+	Net cash	48%	Tencent Holdings: A 12.8% Re-Rating on an Unconfirmed WeChat Agent, While Q1 Disclosed RMB8.8 Billion of AI Drag2026年8月9日 · Hold	FY2025
9	Haier Smart Home Co Ltd 6690 · 香港株	$27B	81/100 卓越	—	18.0%low 13.3%	10 yr+	0.1×	30%	—	FY2025
10	Sino Biopharmaceutical Ltd 1177 · 香港株	$11B	79/100 優良	—	19.1%low 7.6%	10 yr+	Net cash	80%	—	FY2025
11	Shenzhou International Group Holdings Ltd 2313 · 香港株	$8.6B	78/100 優良	44/100	17.2%low 12.1%	10 yr+	Net cash	28%	Shenzhou International: 22.6% H1 Gross Margin and 75.9% Customer Concentration Leave No Conservative Margin of Safety at HK$36.582026年9月1日 · Hold	FY2025
12	Tingyi 0322 · 香港株	$8.6B	77/100 優良	33/100	18.3%low 6.8%	10 yr+	0.1×	31%	Tingyi: A Mature Cash Cow Whose Profit Growth Comes From Margin, Not Sales2026年8月25日 · Hold	FY2025
13	Hengan Intl Group Ltd-H 1044 · 香港株	$3.6B	77/100 優良	—	18.0%low 9.9%	10 yr+	0.0×	38%	—	FY2025
14	Zhejiang Sanhua Intel Controls Co Ltd 2050 · 香港株	$17B	75/100 優良	—	16.5%low 14.2%	10 yr+	Net cash	28%	—	FY2025
15	Li Ning Co Ltd 2331 · 香港株	$4.9B	75/100 優良	43/100	15.0%low 10.2%	10 yr+	Net cash	49%	Li Ning Company: 11 Times Trailing Earnings and Almost RMB20 Billion of Net Cash, Against a Q2 2026 Sell-Through Reversal2026年8月8日 · Hold	FY2025
16	China Resources Mixc Lifestyle Serv 1209 · 香港株	$12B	70/100 優良	—	28.4%low 6.6%	9 yr	Net cash	26%	—	FY2025
17	China Shenhua Energy Co Ltd H 1088 · 香港株	$121B	68/100 優良	—	13.1%low 7.3%	10 yr+	Net cash	38%	—	FY2025
18	Pop Mart International Group Ltd 9992 · 香港株	$27B	68/100 優良	52/100	26.0%low 2.0%	9 yr	Net cash	61%	Pop Mart: A Deep Long-Term Value Study2026年5月19日 · Watch	FY2025
19	Chow Tai Fook Jewellery Group Ltd 1929 · 香港株	$16B	68/100 優良	41/100	18.2%low 9.6%	10 yr+	0.7×	27%	Chow Tai Fook Jewellery Group: A Scale Leader in Transition, Priced Around Fair Value2026年6月25日 · Hold	FY2026
20	Sunny Optical Technology Group Co Ltd 2382 · 香港株	$7.7B	68/100 優良	47/100	22.0%low 4.9%	10 yr+	Net cash	20%	Sunny Optical: Other Products Supply a Third of Gross Profit on 18.4% of Revenue, but Handset Margin at 12.3% Leaves No Safety Margin at HKD 62.602026年8月27日 · Watch	FY2025
21	ENN Energy Holdings Ltd 2688 · 香港株	$6.7B	68/100 優良	39/100	16.5%low 12.3%	10 yr+	0.2×	15%	ENN Energy: A Lapsed HK$80 Buyout Left 7.1x Core Earnings and a 6.1% Yield, but Every Ancillary Segment Shrank in H1 and HK$49.48 Sits Above the HK$40 Ideal-Buy Ceiling2026年9月16日 · Cautious Buy	FY2025
22	Lenovo Group 0992 · 香港株	$38B	67/100 優良	43/100	21.6%low -3.0%	8 yr	0.0×	16%	Lenovo Group (0992.HK) Zen Horizon Framework Deep-Dive Research2026年6月9日 · Watch	FY2026
23	WH Group Ltd 0288 · 香港株	$14B	65/100 優良	—	13.1%low 6.4%	10 yr+	0.0×	19%	—	FY2025
24	Geely Automobile Holdings Ltd 0175 · 香港株	$27B	64/100 標準	—	16.2%low 6.6%	10 yr+	Net cash	17%	—	FY2025
25	BYD Electronic International Co Ltd 0285 · 香港株	$6.8B	64/100 標準	—	13.0%low 7.2%	10 yr+	Net cash	8%	—	FY2025
26	Contemporary Amperex Technology Co., Limite 3750 · 香港株	$380B	62/100 標準	59/100	16.7%low 8.7%	10 yr+	Net cash	29%	CATL：Zen Horizon Framework による徹底分析2026年6月4日 · 慎重な買い	FY2025
27	WuXi AppTec Co Ltd H 2359 · 香港株	$61B	62/100 標準	51/100	15.9%low 9.1%	10 yr+	Net cash	40%	WuXi AppTec Co., Ltd.: Chemistry Resets the Earnings Base, the U.S. Question Stays Open, and HK$199.10 Leaves No Conservative Discount2026年8月12日 · Hold	FY2025
28	Montage Technology Co Ltd 6809 · 香港株	$63B	60/100 標準	—	14.3%low 4.4%	10 yr+	Net cash	59%	—	FY2025
29	China Hongqiao Group Ltd 1378 · 香港株	$31B	60/100 標準	—	13.9%low 9.0%	10 yr+	0.1×	21%	—	FY2025
30	Zto Express Cayman Inc 2057 · 香港株	$19B	60/100 標準	—	12.6%low 8.8%	10 yr+	Net cash	29%	—	FY2025
31	Zijin Mining Group Co Ltd-H 2899 · 香港株	$113B	56/100 標準	—	16.2%low 6.6%	10 yr+	0.5×	16%	—	FY2025
32	Xiaomi Corp 1810 · 香港株	$95B	56/100 標準	48/100	12.8%low 1.7%	8 yr	Net cash	16%	Xiaomi Group Long-Term Owner-Oriented Research2026年5月17日 · Watch	FY2025
33	WuXi Biologics 2269 · 香港株	$20B	56/100 標準	52/100	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 Discount2026年6月12日 · Hold	FY2025
34	OmniVision Integrated Circuits Group, Inc. 0501 · 香港株	$14B	55/100 標準	—	12.6%low 2.6%	10 yr+	Net cash	26%	—	FY2025
35	Orient Overseas International Ltd 0316 · 香港株	$13B	55/100 標準	—	18.2%low -4.9%	9 yr	Net cash	21%	—	FY2025
36	GIGADEVICE 3986 · 香港株	$66B	54/100 標準	—	12.5%low 1.1%	10 yr+	Net cash	36%	—	FY2025
37	CNOOC Ltd 0883 · 香港株	$145B	52/100 標準	—	12.9%low 0.2%	10 yr+	Net cash	71%	—	FY2025
38	Tencent Music Entertainment Group 1698 · 香港株	$16B	49/100 やや弱い	—	7.3%low 0.4%	10 yr+	Net cash	36%	—	FY2025
39	WuXi XDC Cayman Inc 2268 · 香港株	$8.8B	48/100 やや弱い	48/100	17.4%low 5.2%	10 yr+	Net cash	30%	WuXi XDC：ADC製造ネットワークのスケールアップ2026年6月17日 · ホールド	FY2025
40	CLP Holdings 0002 · 香港株	$25B	45/100 やや弱い	—	8.8%low 1.0%	10 yr+	0.6×	28%	—	FY2025
41	CMOC Group Ltd 3993 · 香港株	$47B	44/100 やや弱い	—	11.6%low 4.6%	10 yr+	Net cash	19%	—	FY2025
42	CGN Mining Co Ltd 1164 · 香港株	$3.4B	39/100 やや弱い	—	10.1%low 2.9%	10 yr+	0.5×	12%	—	FY2025
43	China Resources Power Holding 0836 · 香港株	$13B	36/100 やや弱い	—	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.