Heilongjiang Agriculture Co (SHSE:600598) EBIT: ¥1,209 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:600598 Heilongjiang Agriculture Co Ltd SHSE:600598
70 GF Score
Price ¥12.20
GF Value ¥14.97
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Heilongjiang Agriculture Co EBIT?

Heilongjiang Agriculture Co SHSE:600598 +2.09% 70 EBIT is ¥1,209 Mil as of Mar. 2026. GuruFocus rates SHSE:600598 with a GF Score™ of 70/100 and a GF Value™ of ¥14.97 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Heilongjiang Agriculture Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥580 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥1,209 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Heilongjiang Agriculture Co's annualized ROC % for the quarter that ended in Mar. 2026 was 31.37%. Heilongjiang Agriculture Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 61.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Heilongjiang Agriculture Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.43%.


Heilongjiang Agriculture Co  (SHSE:600598) EBIT Explanation

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

Heilongjiang Agriculture 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 )
=2205.264 * ( 1 - 0.21% )/( (4705.592 + 9326.455)/ 2 )
=2200.6329456/7016.0235
=31.37 %

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))
=8958.219 - 992.488 - ( 3852.881 - max(0, 1010.19 - 4270.329+3852.881))
=4705.592

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))
=15348.319 - 2128.426 - ( 9447.016 - max(0, 6834.676 - 10728.114+9447.016))
=9326.455

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

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

Heilongjiang Agriculture 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 )
=2319.512/( ( (3958.858 + max(-614.228, 0)) + (3595.523 + max(-5576.485, 0)) )/ 2 )
=2319.512/( ( 3958.858 + 3595.523 )/ 2 )
=2319.512/3777.1905
=61.41 %

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)
=(0 + 332.785 + 59.617999999999) - (992.488 + 0 + 14.143)
=-614.228

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 1154.523 + 100.761) - (2128.426 + 0 + 4703.343)
=-5576.485

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:

Heilongjiang Agriculture Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1209.48/11599.750
=10.43 %

* 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.


Heilongjiang Agriculture Co EBIT Related Terms


Heilongjiang Agriculture Co EBIT Historical Data

* Premium members only.

The historical data trend for Heilongjiang Agriculture 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.

Heilongjiang Agriculture Co EBIT Chart

Heilongjiang Agriculture 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 1,097.39 989.49 1,069.96 1,104.73 1,171.40

Heilongjiang Agriculture 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 541.80 451.66 371.04 -193.10 579.88

SHSE:600598 vs ADM, BG, TSN: EBIT Comparison

For the Farm Products subindustry, Heilongjiang Agriculture 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.


Heilongjiang Agriculture Co EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Heilongjiang Agriculture Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Heilongjiang Agriculture Co's EV-to-EBIT falls into.


SHSE:600598
70GF Score
Heilongjiang Agriculture Co Ltd SHSE:600598
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heilongjiang Agriculture 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 ¥1,209 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 ¥1,209 Mil mean?
Heilongjiang Agriculture Co (SHSE:600598) has a EBIT of ¥1,209 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Heilongjiang Agriculture Co.
Is Heilongjiang Agriculture Co's EBIT too high?
Heilongjiang Agriculture Co's current EBIT is ¥1,209 Mil. Overall, Heilongjiang Agriculture Co has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heilongjiang Agriculture Co's EBIT compare to ADM and BG?
Heilongjiang Agriculture Co's EBIT of ¥1,209 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good EBIT depends on the Consumer Packaged Goods 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 Heilongjiang Agriculture Co. Heilongjiang Agriculture Co's current EBIT is ¥1,209 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heilongjiang Agriculture Co stock overvalued right now?
Based on GuruFocus' analysis, Heilongjiang Agriculture Co (SHSE:600598) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥14.97, compared to a current price of ¥12.20 — trading 18.5% below its estimated fair value. The current EBIT is ¥1,209 Mil. Heilongjiang Agriculture Co's overall GF Score™ is 70/100 with 6 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 Heilongjiang Agriculture Co (SHSE:600598), the current EBIT is ¥1,209 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 Heilongjiang Agriculture Co (SHSE:600598) Overvalued in 2026?

Based on GuruFocus' analysis, Heilongjiang Agriculture Co stock appears to be undervalued. The current stock price of ¥12.20 is trading 18.5% below its estimated GF Value™ of ¥14.97. GuruFocus considers Heilongjiang Agriculture Co to be Modestly Undervalued.

Key valuation signals for SHSE:600598:

  • EBIT: ¥1,209 Mil
  • GF Value™: ¥14.97 vs. price of ¥12.20 (18.5% below fair value)
  • GF Score™: 70/100 with 6 warning signs

No single metric tells the full story. See the SHSE:600598 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heilongjiang Agriculture Co Business Description

Address No. 263, Hanshui Road, Nangang District, Heilongjiang Province, Harbin, CHN, 150090
Heilongjiang Agriculture Co Ltd is an agricultural company. It is engaged in the contracting and operating of cultivated land; production and sale of food crops such as rice and corn; technology, information, and services related to crop production; retail of fertilizers (only branches can operate these businesses); and real estate development and sales.
70GF Score

Get the complete analysis for SHSE:600598

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

¥12.20
Price
¥14.97
GF Value