Hainan Airport Infrastructure Co (SHSE:600515) EBIT: ¥767 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:600515 Hainan Airport Infrastructure Co Ltd SHSE:600515
55 GF Score
Price ¥2.73
GF Value ¥4.35
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Hainan Airport Infrastructure Co EBIT?

Hainan Airport Infrastructure Co SHSE:600515 -3.53% 55 EBIT is ¥767 Mil as of Mar. 2026. GuruFocus rates SHSE:600515 with a GF Score™ of 55/100 and a GF Value™ of ¥4.35 (Possible Value Trap). The stock has 7 warning signs investors should review.

Hainan Airport Infrastructure Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥336 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥767 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hainan Airport Infrastructure Co's annualized ROC % for the quarter that ended in Mar. 2026 was 2.43%. Hainan Airport Infrastructure Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hainan Airport Infrastructure Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.40%.


Hainan Airport Infrastructure Co  (SHSE:600515) EBIT Explanation

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

Hainan Airport Infrastructure 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 )
=1327.248 * ( 1 - 10.08% )/( (48147.294 + 50214.108)/ 2 )
=1193.4614016/49180.701
=2.43 %

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))
=59718.689 - 7591.388 - ( 3980.007 - max(0, 12434.456 - 19600.06+3980.007))
=48147.294

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))
=60900.527 - 7117.35 - ( 3569.069 - max(0, 11899.905 - 19569.745+3569.069))
=50214.108

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

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

Hainan Airport Infrastructure 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 )
=1344.74/( ( (17422.35 + max(6577.863, 0)) + (18783.781 + max(7968.188, 0)) )/ 2 )
=1344.74/( ( 24000.213 + 26751.969 )/ 2 )
=1344.74/25376.091
=5.30 %

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)
=(987.723 + 13479.957 + 465.691) - (7591.388 + 0 + 764.12)
=6577.863

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1239.281 + 13555.497 + 503.223) - (7117.35 + 0 + 212.463)
=7968.188

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:

Hainan Airport Infrastructure Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=766.855/54624.352
=1.40 %

* 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.


Hainan Airport Infrastructure Co EBIT Related Terms


Hainan Airport Infrastructure Co EBIT Historical Data

* Premium members only.

The historical data trend for Hainan Airport Infrastructure 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.

Hainan Airport Infrastructure Co EBIT Chart

Hainan Airport Infrastructure 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 1,150.67 2,706.08 2,078.00 963.34 703.80

Hainan Airport Infrastructure 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 273.13 153.64 97.13 179.90 336.19

Hainan Airport Infrastructure Co EBIT Competitor Comparison

For the Real Estate - Diversified subindustry, Hainan Airport Infrastructure 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.


Hainan Airport Infrastructure Co EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Hainan Airport Infrastructure Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hainan Airport Infrastructure Co's EV-to-EBIT falls into.


SHSE:600515
55GF Score
Hainan Airport Infrastructure Co Ltd SHSE:600515
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hainan Airport Infrastructure 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 ¥767 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 ¥767 Mil mean?
Hainan Airport Infrastructure Co (SHSE:600515) has a EBIT of ¥767 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hainan Airport Infrastructure Co.
Is Hainan Airport Infrastructure Co's EBIT too high?
Hainan Airport Infrastructure Co's current EBIT is ¥767 Mil. Overall, Hainan Airport Infrastructure Co has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hainan Airport Infrastructure Co's EBIT compare to competitors?
Hainan Airport Infrastructure Co's EBIT of ¥767 Mil can be compared against companies in the Real Estate 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 a Real Estate company?
A good EBIT depends on the Real Estate 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 Hainan Airport Infrastructure Co. Hainan Airport Infrastructure Co's current EBIT is ¥767 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hainan Airport Infrastructure Co stock overvalued right now?
Based on GuruFocus' analysis, Hainan Airport Infrastructure Co (SHSE:600515) is currently considered Possible Value Trap. The stock's GF Value™ is ¥4.35, compared to a current price of ¥2.73 — trading 37.2% below its estimated fair value. The current EBIT is ¥767 Mil. Hainan Airport Infrastructure Co's overall GF Score™ is 55/100 with 7 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 Hainan Airport Infrastructure Co (SHSE:600515), the current EBIT is ¥767 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 Hainan Airport Infrastructure Co (SHSE:600515) Overvalued in 2026?

Based on GuruFocus' analysis, Hainan Airport Infrastructure Co stock appears to be undervalued. The current stock price of ¥2.73 is trading 37.2% below its estimated GF Value™ of ¥4.35. GuruFocus considers Hainan Airport Infrastructure Co to be Possible Value Trap.

Key valuation signals for SHSE:600515:

  • EBIT: ¥767 Mil
  • GF Value™: ¥4.35 vs. price of ¥2.73 (37.2% below fair value)
  • GF Score™: 55/100 with 7 warning signs

No single metric tells the full story. See the SHSE:600515 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hainan Airport Infrastructure Co Business Description

Address No. 3, Guoxing Avenue, Block C, Internet Finance Building, Meilan District, Hainan Province, Haikou, CHN, 570203
Hainan Airport Infrastructure Co Ltd engages in airport operation management, duty-free and commercial business, and real estate development and sales. The Real Estate Business segment focuses on industrial park investment and development, sales of completed residential units, office properties, and apartments, and leasing and management of industrial parks and investment properties. The Airport Business segment covers both aviation-related and non-aviation operations. The Property Management Business segment delivers essential property services along with additional value-added offerings. The Duty-free & Commercial segment is involved in island-based retail and related commercial activities. The Other business segment includes hotel management, aviation training, and associated services.
55GF Score

Get the complete analysis for SHSE:600515

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

¥2.73
Price
¥4.35
GF Value