China New Energy (HKSE:01156) EBIT : HK$-103.55 Mil (TTM As of Jun. 2024)

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What is China New Energy EBIT?

China New Energy's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-1.71 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-103.55 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China New Energy's annualized ROC % for the quarter that ended in Jun. 2024 was -6.22%. China New Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -17.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China New Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -103.85%.

China New Energy EBIT Historical Data

The historical data trend for China New Energy's EBIT can be seen below:

* 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.

* Premium members only.

China New Energy EBIT Chart

China New Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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82.16

69.18

13.43

-61.48

-118.75

China New Energy Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															-11.06	-50.95	-16.91	-101.84	-1.71

Competitive Comparison of China New Energy's EBIT

For the Oil & Gas Equipment & Services subindustry, China New Energy's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

China New Energy's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China New Energy's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China New Energy's EV-to-EBIT falls into.

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China New Energy EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-103.55 Mil.

China New Energy (HKSE:01156) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

China New Energy's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-10.524 * ( 1 - 0% )	/	( (169.871	+	168.356)	/ 2 )
=	-10.524	/	169.1135
=	-6.22 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	357.009	-	198.991	-	( 5.659	-	max(0, 268.433	-	256.58	+	5.659	))
=	169.871

	Invested Capital		(Q: Jun. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	337.078	-	181.035	-	( 6.883	-	max(0, 251.007	-	238.694	+	6.883	))
=	168.356

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

China New Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3.41	/	( ( (21.049 + max(-104.874, 0))	+	(17.424 + max(-167.799, 0)) )	/	2 )
=	-3.41	/	( ( 21.049	+	17.424 )	/	2 )
=	-3.41	/	19.2365
=	-17.73 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(114.152	+	12.931	+	13.488)	-	(198.991	+	0	+	46.454)
=	-104.874

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(30.919	+	11.617	+	15.904)	-	(181.035	+	0	+	45.204)
=	-167.799

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

China New Energy's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-103.548	/	99.706
	=	-103.85 %

China New Energy EBIT Related Terms

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China New Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China New Energy Ltd (HKSE:01156) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

No. 80, Lanyue Road, Unit 210, 2nd Floor, Science City, Comprehensive Service Building Science & Technology Innovation Base, Guangzhou High-tech Industrial Development Zone,, Guangzhou, CHN, 510640

Website

http://www.zkty.com.cn

China New Energy Ltd is a provider of bioenergy technology solutions. The Group is engaged in the provision of ethanol production system technology integrated services in the ethanol fuel and alcoholic beverage industries The company offers technology services to two industries: Ethanol fuel construction services and Alcoholic beverage construction services. It generates maximum revenue from the Ethanol fuel construction services streams. Geographically, it derives a majority of its revenue from the PRC and also has a presence in Canada, Russia, Thailand, and Myanmar.

Executives

Best Full Investments Limited	2101 Beneficial owner
Han Jing	2202 Interest of your spouse
Liang Hongtao	2201 Interest of corporation controlled by you
Tang Zhaoxing	2201 Interest of corporation controlled by you
Zeng Fanghua	2202 Interest of your spouse
Tonzest Capital Holding Limited	2101 Beneficial owner
Tan Fengqiao	2202 Interest of your spouse
Yu Weijun	2101 Beneficial owner
Tewin Capital Holding Limited	2101 Beneficial owner
Chen Wan Ling	2201 Interest of corporation controlled by you
Kapok Capital Management Limited	2101 Beneficial owner
Jiang Xinchun	2101 Beneficial owner
Wang Yan	2202 Interest of your spouse
Jojo Global Investment Limited	2101 Beneficial owner

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