EGing Photovoltaic Technology Co (SHSE:600537) EBIT: ¥-369 Mil (TTM As of Mar. 2026)

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SHSE:600537 EGing Photovoltaic Technology Co Ltd SHSE:600537
27 GF Score
Price ¥2.40
GF Value ¥0.98
Valuation Significantly Overvalued
! 4 Warning Signs
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What is EGing Photovoltaic Technology Co EBIT?

EGing Photovoltaic Technology Co SHSE:600537 -0.83% 27 EBIT is ¥-369 Mil as of Mar. 2026. GuruFocus rates SHSE:600537 with a GF Score™ of 27/100 and a GF Value™ of ¥0.98 (Significantly Overvalued). The stock has 4 warning signs investors should review.

EGing Photovoltaic Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥-45 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥-369 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. EGing Photovoltaic Technology Co's annualized ROC % for the quarter that ended in Mar. 2026 was -7.08%. EGing Photovoltaic Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -6.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. EGing Photovoltaic Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -12.55%.

EGing Photovoltaic Technology Co  (SHSE:600537) EBIT Explanation

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

EGing Photovoltaic Technology 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 )
=-238.028 * ( 1 - 0% )/( (3534.691 + 3193.069)/ 2 )
=-238.028/3363.88
=-7.08 %

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))
=4428.419 - 1183.358 - ( 581.579 - max(0, 1806.419 - 1516.789+581.579))
=3534.691

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))
=3957.066 - 1028.201 - ( 255.023 - max(0, 1389.449 - 1125.245+255.023))
=3193.069

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

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

EGing Photovoltaic Technology 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 )
=-181.844/( ( (2739.793 + max(-444.61, 0)) + (2663.737 + max(-328.168, 0)) )/ 2 )
=-181.844/( ( 2739.793 + 2663.737 )/ 2 )
=-181.844/2701.765
=-6.73 %

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)
=(598.279 + 187.975 + 61.004) - (1183.358 + 0 + 108.51)
=-444.61

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(540.461 + 178.13 + 75.152) - (1028.201 + 0 + 93.71)
=-328.168

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:

EGing Photovoltaic Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-368.916/2940.431
=-12.55 %

* 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.

EGing Photovoltaic Technology Co EBIT Related Terms

EGing Photovoltaic Technology Co EBIT Historical Data

* Premium members only.

The historical data trend for EGing Photovoltaic Technology 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.

EGing Photovoltaic Technology Co EBIT Chart

EGing Photovoltaic Technology 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 -635.13 196.98 213.08 -2,288.21 -349.30

EGing Photovoltaic Technology 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 -25.84 -79.55 -31.43 -212.47 -45.46

SHSE:600537 vs FSLR, NXT, ENPH: EBIT Comparison

For the Solar subindustry, EGing Photovoltaic Technology 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.

EGing Photovoltaic Technology Co EV-to-EBIT vs Semiconductors Industry

For the Semiconductors industry and Technology sector, EGing Photovoltaic Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where EGing Photovoltaic Technology Co's EV-to-EBIT falls into.


SHSE:600537
27GF Score
EGing Photovoltaic Technology Co Ltd SHSE:600537
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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EGing Photovoltaic Technology 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 ¥-369 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 ¥-369 Mil mean?
EGing Photovoltaic Technology Co (SHSE:600537) has a EBIT of ¥-369 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on EGing Photovoltaic Technology Co.
Is EGing Photovoltaic Technology Co's EBIT too high?
EGing Photovoltaic Technology Co's current EBIT is ¥-369 Mil. Overall, EGing Photovoltaic Technology Co has a GF Score™ of 27/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does EGing Photovoltaic Technology Co's EBIT compare to FSLR and NXT?
EGing Photovoltaic Technology Co's EBIT of ¥-369 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good EBIT depends on the Semiconductors 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 EGing Photovoltaic Technology Co. EGing Photovoltaic Technology Co's current EBIT is ¥-369 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EGing Photovoltaic Technology Co stock overvalued right now?
Based on GuruFocus' analysis, EGing Photovoltaic Technology Co (SHSE:600537) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥0.98, compared to a current price of ¥2.40 — trading 144.9% above its estimated fair value. The current EBIT is ¥-369 Mil. EGing Photovoltaic Technology Co's overall GF Score™ is 27/100 with 4 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 EGing Photovoltaic Technology Co (SHSE:600537), the current EBIT is ¥-369 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 EGing Photovoltaic Technology Co (SHSE:600537) Overvalued in 2026?

Based on GuruFocus' analysis, EGing Photovoltaic Technology Co stock appears to be overvalued. The current stock price of ¥2.40 is trading 144.9% above its estimated GF Value™ of ¥0.98. GuruFocus considers EGing Photovoltaic Technology Co to be Significantly Overvalued.

Key valuation signals for SHSE:600537:

  • EBIT: ¥-369 Mil
  • GF Value™: ¥0.98 vs. price of ¥2.40 (144.9% above fair value)
  • GF Score™: 27/100 with 4 warning signs

No single metric tells the full story. See the SHSE:600537 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

EGing Photovoltaic Technology Co Business Description

Address No.18 Jinwu Road, Jiangsu Province, Jintan District, Changzhou, CHN, 213213
EGing Photovoltaic Technology Co Ltd is engaged in the Ingot/silicon growth, silicon wafer processing, cell manufacturing, module packaging, photovoltaic power generation.
27GF Score

Get the complete analysis for SHSE:600537

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

¥2.40
Price
¥0.98
GF Value