Shanghai Zhenhua Heavy Industries Co (SHSE:600320) EBIT: ¥1,856 Mil (TTM As of Mar. 2026)

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SHSE:600320 Shanghai Zhenhua Heavy Industries Co Ltd SHSE:600320
78 GF Score
Price ¥4.14
GF Value ¥4.61
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Shanghai Zhenhua Heavy Industries Co EBIT?

Shanghai Zhenhua Heavy Industries Co SHSE:600320 +1.97% 78 EBIT is ¥1,856 Mil as of Mar. 2026. GuruFocus rates SHSE:600320 with a GF Score™ of 78/100 and a GF Value™ of ¥4.61 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Shanghai Zhenhua Heavy Industries Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥586 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥1,856 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanghai Zhenhua Heavy Industries Co's annualized ROC % for the quarter that ended in Mar. 2026 was 3.01%. Shanghai Zhenhua Heavy Industries Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shanghai Zhenhua Heavy Industries Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.24%.


Shanghai Zhenhua Heavy Industries Co  (SHSE:600320) EBIT Explanation

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

Shanghai Zhenhua Heavy Industries Co's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=2442.544 * ( 1 - 16.93% )/( (67863.33 + 66735.002)/ 2 )
=2029.0213008/67299.166
=3.01 %

where

Invested Capital(Q: Dec. 2025 )
=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))
=83034.704 - 19030.106 - ( 4973.723 - max(0, 48662.314 - 44803.582+4973.723))
=67863.33

Invested Capital(Q: Mar. 2026 )
=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))
=80199.124 - 18808.87 - ( 3579.446 - max(0, 47905.873 - 42561.125+3579.446))
=66735.002

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Shanghai Zhenhua Heavy Industries Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2345.828/( ( (24368.998 + max(-5245.661, 0)) + (24103.743 + max(-4399.18, 0)) )/ 2 )
=2345.828/( ( 24368.998 + 24103.743 )/ 2 )
=2345.828/24236.3705
=9.68 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8485.824 + 23864.979 + 3070.207) - (19030.106 + 0 + 21636.565)
=-5245.661

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8031.347 + 23823.781 + 2817.093) - (18808.87 + 0 + 20262.531)
=-4399.18

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Shanghai Zhenhua Heavy Industries Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1856.309/35402.885
=5.24 %

* 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.


Shanghai Zhenhua Heavy Industries Co EBIT Related Terms


Shanghai Zhenhua Heavy Industries Co EBIT Historical Data

* Premium members only.

The historical data trend for Shanghai Zhenhua Heavy Industries Co'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.

Shanghai Zhenhua Heavy Industries Co EBIT Chart

Shanghai Zhenhua Heavy Industries Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,699.79 1,693.56 1,751.02 1,750.33 1,757.21

Shanghai Zhenhua Heavy Industries Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 487.36 396.95 382.53 490.37 586.46

SHSE:600320 vs GEV, ETN, PH: EBIT Comparison

For the Specialty Industrial Machinery subindustry, Shanghai Zhenhua Heavy Industries Co'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.


Shanghai Zhenhua Heavy Industries Co EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Zhenhua Heavy Industries Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shanghai Zhenhua Heavy Industries Co's EV-to-EBIT falls into.


SHSE:600320
78GF Score
Shanghai Zhenhua Heavy Industries Co Ltd SHSE:600320
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai Zhenhua Heavy Industries Co 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥1,856 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ¥1,856 Mil mean?
Shanghai Zhenhua Heavy Industries Co (SHSE:600320) has a EBIT of ¥1,856 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Shanghai Zhenhua Heavy Industries Co.
Is Shanghai Zhenhua Heavy Industries Co's EBIT too high?
Shanghai Zhenhua Heavy Industries Co's current EBIT is ¥1,856 Mil. Overall, Shanghai Zhenhua Heavy Industries Co has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Zhenhua Heavy Industries Co's EBIT compare to GEV and ETN?
Shanghai Zhenhua Heavy Industries Co's EBIT of ¥1,856 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Industrial Products company?
A good EBIT depends on the Industrial Products industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Shanghai Zhenhua Heavy Industries Co. Shanghai Zhenhua Heavy Industries Co's current EBIT is ¥1,856 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Zhenhua Heavy Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Zhenhua Heavy Industries Co (SHSE:600320) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥4.61, compared to a current price of ¥4.14 — trading 10.2% below its estimated fair value. The current EBIT is ¥1,856 Mil. Shanghai Zhenhua Heavy Industries Co's overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Shanghai Zhenhua Heavy Industries Co (SHSE:600320), the current EBIT is ¥1,856 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Shanghai Zhenhua Heavy Industries Co (SHSE:600320) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Zhenhua Heavy Industries Co stock appears to be undervalued. The current stock price of ¥4.14 is trading 10.2% below its estimated GF Value™ of ¥4.61. GuruFocus considers Shanghai Zhenhua Heavy Industries Co to be Modestly Undervalued.

Key valuation signals for SHSE:600320:

  • EBIT: ¥1,856 Mil
  • GF Value™: ¥4.61 vs. price of ¥4.14 (10.2% below fair value)
  • GF Score™: 78/100 with 5 warning signs

No single metric tells the full story. See the SHSE:600320 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Zhenhua Heavy Industries Co Business Description

Other Exchanges 900947:China
Address No.3470, Pudong South Road, Shanghai, CHN, 200125
Shanghai Zhenhua Heavy Industries Co Ltd manufactures heavy equipment and offers product design and aftermarket services. It constructs large port loading systems and equipment, offshore heavy equipment, engineering machinery, ships, and other large structures. In addition, the company offers environment-friendly devices, including wind power, sea water desalination, sewage treatment, and recycling equipment. Research centers and technologies help meet customers' needs, and provide innovative solutions to enhance operational performance. Offices with regional parts are scattered across the globe to supply timely responses and support preventive maintenance. The majority of total revenue comes from Asia, but the company has diversified operations to several continents.
78GF Score

Get the complete analysis for SHSE:600320

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥4.14
Price
¥4.61
GF Value