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 "다소 약함", market "China A-shares", market cap "Mid $2–10B" 필터 적용: 33 match(필터 지우기).

#	종목	Mkt Cap	Score▼	10Y ROE	Profit Streak	Net Debt/Eq	Gross Margin	리포트	FY
1	Kingnet Network Co Ltd 002517 · 선전	$5.4B	49/100 다소 약함	10.8%low -67.2%	6 yr	Net cash	74%	—	FY2025
2	Guangdong HongDa Blasting Co Ltd 002683 · 선전	$3.0B	49/100 다소 약함	8.8%low 2.2%	10 yr+	0.9×	20%	—	FY2025
3	Gambol Pet Group Co Ltd Class A 301498 · 선전	$2.4B	49/100 다소 약함	10.2%low 0.4%	8 yr	Net cash	34%	—	FY2025
4	Zhejiang Huafon Spandex Co Ltd 002064 · 선전	$7.6B	48/100 다소 약함	15.1%low -10.1%	9 yr	Net cash	21%	—	FY2025
5	Shan Dong Dong-E E-Jiao Co Ltd 000423 · 선전	$4.9B	48/100 다소 약함	11.2%low -4.6%	6 yr	Net cash	63%	—	FY2025
6	Fujian Funeng Co Ltd 600483 · 상하이	$4.2B	48/100 다소 약함	10.1%low 7.7%	10 yr+	0.3×	23%	—	FY2025
7	Hainan Jinpan Smart Technology Co. Ltd. A 688676 · 상하이	$4.1B	48/100 다소 약함	11.2%low 4.7%	9 yr	0.1×	24%	—	FY2025
8	Anhui Expressway Co Ltd 600012 · 상하이	$4.0B	47/100 다소 약함	11.7%low 7.7%	10 yr+	0.7×	50%	—	FY2025
9	Xianhe Co Ltd 603733 · 상하이	$2.2B	47/100 다소 약함	12.1%low 9.0%	10 yr+	1.1×	16%	—	FY2025
10	First Tractor Co Ltd 601038 · 상하이	$2.2B	47/100 다소 약함	3.9%low -32.4%	7 yr	Net cash	15%	—	FY2025
11	Zhejiang China Commodities City Group Co Ltd 600415 · 상하이	$9.8B	46/100 다소 약함	11.4%low 6.8%	10 yr+	Net cash	37%	—	FY2025
12	Shenzhen Kedali Industry Co Ltd 002850 · 선전	$7.3B	46/100 다소 약함	11.5%low 3.6%	10 yr+	0.1×	24%	—	FY2025
13	Zhejiang Shuanghuan Driveline Co Ltd 002472 · 선전	$4.6B	46/100 다소 약함	7.2%low 1.4%	10 yr+	0.1×	21%	—	FY2025
14	Fujian Sunner Development Co Ltd 002299 · 선전	$2.9B	46/100 다소 약함	13.1%low 4.1%	10 yr+	0.4×	15%	—	FY2025
15	Jiangsu Yoke Technology Co Ltd 002409 · 선전	$8.1B	45/100 다소 약함	7.2%low 2.2%	10 yr+	0.2×	30%	—	FY2025
16	Sunshine Guojian Pharmaceutical Shanghai Co Ltd 688336 · 상하이	$5.1B	45/100 다소 약함	10.9%low -4.8%	5 yr	Net cash	85%	—	FY2025
17	Zhejiang Yonghe Refrigerant Co Ltd 605020 · 상하이	$2.2B	45/100 다소 약함	11.5%low 7.0%	9 yr	0.4×	21%	—	FY2025
18	Raytron Technology Co Ltd 688002 · 상하이	$9.3B	44/100 다소 약함	12.2%low 3.8%	10 yr+	0.1×	60%	—	FY2025
19	Shanghai Allist Pharmaceuticals Co. Ltd. A 688578 · 상하이	$7.0B	44/100 다소 약함	-12.2%low -137.1%	5 yr	Net cash	89%	—	FY2025
20	Jiangsu Nata Opto Electr Material 300346 · 선전	$4.8B	44/100 다소 약함	6.1%low 0.6%	10 yr+	Net cash	39%	—	FY2025
21	Nanning Chemical Industry Co Ltd 600301 · 상하이	$3.6B	44/100 다소 약함	13.8%low -13.4%	8 yr	0.0×	20%	—	FY2025
22	Ninebot Ltd 689009 · 상하이	$4.5B	43/100 다소 약함	7.5%low -21.5%	6 yr	Net cash	26%	—	FY2025
23	Tibet Huayu Mining Co Ltd 601020 · 상하이	$2.3B	43/100 다소 약함	9.0%low 2.6%	10 yr+	Net cash	43%	—	FY2025
24	Tonghua Dongbao Pharmaceutical Co Ltd 600867 · 상하이	$2.3B	42/100 다소 약함	16.3%low -0.7%	1 yr	0.0×	76%	—	FY2025
25	Keda Clean Energy Co Ltd 600499 · 상하이	$4.4B	41/100 다소 약함	10.0%low -12.6%	7 yr	0.1×	25%	—	FY2025
26	COSCO SHIPPING Specialized Carriers Co Ltd 600428 · 상하이	$4.4B	41/100 다소 약함	4.9%low 0.5%	10 yr+	0.7×	18%	—	FY2025
27	Zhuzhou Smelter Group Co Ltd 600961 · 상하이	$3.4B	40/100 다소 약함	-286.8%low -3218.6%	7 yr	0.3×	5%	—	FY2025
28	Zhefu Holding Group Co Ltd 002266 · 선전	$3.4B	40/100 다소 약함	9.9%low 2.2%	10 yr+	Net cash	18%	—	FY2025
29	Beijing GeoEnviron Engineering 603588 · 상하이	$2.7B	40/100 다소 약함	9.4%low 5.3%	10 yr+	0.9×	23%	—	FY2025
30	Inner Mongolia Xingye Mining Co Ltd 000426 · 선전	$8.2B	39/100 다소 약함	6.7%low -3.6%	5 yr	Net cash	53%	—	FY2025
31	China Coal Xinji Energy Co Ltd 601918 · 상하이	$3.4B	39/100 다소 약함	12.0%low 0.5%	10 yr+	1.2×	38%	—	FY2025
32	Shaanxi Energy Investment Co Ltd. A 001286 · 선전	$5.4B	38/100 다소 약함	8.3%low 2.3%	8 yr	0.6×	37%	—	FY2025
33	Fujian Wanchen Biotechnology Co. Ltd 300972 · 선전	$5.7B	36/100 다소 약함	19.3%low -12.8%	2 yr	—	17%	—	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.