Inner Mongolia Mengdian Huaneng Thermal Power (SHSE:600863) EBIT: ¥3,692 Mil (TTM As of Mar. 2026)


SHSE:600863 Inner Mongolia Mengdian Huaneng Thermal Power Corp Ltd SHSE:600863
76 GF Score
Price ¥4.84
GF Value ¥3.69
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Inner Mongolia Mengdian Huaneng Thermal Power EBIT?

Inner Mongolia Mengdian Huaneng Thermal Power SHSE:600863 -1.63% 76 EBIT is ¥3,692 Mil as of Mar. 2026. GuruFocus rates SHSE:600863 with a GF Score™ of 76/100 and a GF Value™ of ¥3.69 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Inner Mongolia Mengdian Huaneng Thermal Power's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥1,083 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥3,692 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Inner Mongolia Mengdian Huaneng Thermal Power's annualized ROC % for the quarter that ended in Mar. 2026 was 7.16%. Inner Mongolia Mengdian Huaneng Thermal Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Inner Mongolia Mengdian Huaneng Thermal Power's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.30%.

Inner Mongolia Mengdian Huaneng Thermal Power  (SHSE:600863) EBIT Explanation

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

Inner Mongolia Mengdian Huaneng Thermal Power'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 )
=3927.92 * ( 1 - 11.7% )/( (48586.806 + 48326.368)/ 2 )
=3468.35336/48456.587
=7.16 %

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))
=48645.074 - 10151.355 - ( 1071.012 - max(0, 16666.376 - 6573.289+1071.012))
=48586.806

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))
=48586.131 - 3842.689 - ( 1171.041 - max(0, 10201.956 - 6619.03+1171.041))
=48326.368

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

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

Inner Mongolia Mengdian Huaneng Thermal Power'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 )
=4330.848/( ( (33139.499 + max(-5058.462, 0)) + (30220.096 + max(1161.234, 0)) )/ 2 )
=4330.848/( ( 33139.499 + 31381.33 )/ 2 )
=4330.848/32260.4145
=13.42 %

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)
=(4408.816 + 435.041 + 423.44) - (10151.355 + 0 + 174.404)
=-5058.462

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4328.415 + 438.188 + 464.159) - (3842.689 + 0 + 226.839)
=1161.234

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:

Inner Mongolia Mengdian Huaneng Thermal Power's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=3692.463/58589.363
=6.30 %

* 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.

Inner Mongolia Mengdian Huaneng Thermal Power EBIT Related Terms

Inner Mongolia Mengdian Huaneng Thermal Power EBIT Historical Data

* Premium members only.

The historical data trend for Inner Mongolia Mengdian Huaneng Thermal Power'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.

Inner Mongolia Mengdian Huaneng Thermal Power EBIT Chart

Inner Mongolia Mengdian Huaneng Thermal Power 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 1,292.62 2,966.04 2,924.65 4,158.20 4,027.51

Inner Mongolia Mengdian Huaneng Thermal Power 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 1,417.76 967.08 1,068.33 574.34 1,082.71

SHSE:600863 vs CEG, VST, NRG: EBIT Comparison

For the Utilities - Independent Power Producers subindustry, Inner Mongolia Mengdian Huaneng Thermal Power'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.

Inner Mongolia Mengdian Huaneng Thermal Power EV-to-EBIT vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Inner Mongolia Mengdian Huaneng Thermal Power's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Inner Mongolia Mengdian Huaneng Thermal Power's EV-to-EBIT falls into.


SHSE:600863
76GF Score
Inner Mongolia Mengdian Huaneng Thermal Power Corp Ltd SHSE:600863
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Inner Mongolia Mengdian Huaneng Thermal Power 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 ¥3,692 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 ¥3,692 Mil mean?
Inner Mongolia Mengdian Huaneng Thermal Power (SHSE:600863) has a EBIT of ¥3,692 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Inner Mongolia Mengdian Huaneng Thermal Power.
Is Inner Mongolia Mengdian Huaneng Thermal Power's EBIT too high?
Inner Mongolia Mengdian Huaneng Thermal Power's current EBIT is ¥3,692 Mil. Overall, Inner Mongolia Mengdian Huaneng Thermal Power has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Inner Mongolia Mengdian Huaneng Thermal Power's EBIT compare to CEG and VST?
Inner Mongolia Mengdian Huaneng Thermal Power's EBIT of ¥3,692 Mil can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good EBIT depends on the Utilities - Independent Power Producers 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 Inner Mongolia Mengdian Huaneng Thermal Power. Inner Mongolia Mengdian Huaneng Thermal Power's current EBIT is ¥3,692 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inner Mongolia Mengdian Huaneng Thermal Power stock overvalued right now?
Based on GuruFocus' analysis, Inner Mongolia Mengdian Huaneng Thermal Power (SHSE:600863) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥3.69, compared to a current price of ¥4.84 — trading 31.2% above its estimated fair value. The current EBIT is ¥3,692 Mil. Inner Mongolia Mengdian Huaneng Thermal Power's overall GF Score™ is 76/100 with 3 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 Inner Mongolia Mengdian Huaneng Thermal Power (SHSE:600863), the current EBIT is ¥3,692 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 Inner Mongolia Mengdian Huaneng Thermal Power (SHSE:600863) Overvalued in 2026?

Based on GuruFocus' analysis, Inner Mongolia Mengdian Huaneng Thermal Power stock appears to be overvalued. The current stock price of ¥4.84 is trading 31.2% above its estimated GF Value™ of ¥3.69. GuruFocus considers Inner Mongolia Mengdian Huaneng Thermal Power to be Significantly Overvalued.

Key valuation signals for SHSE:600863:

  • EBIT: ¥3,692 Mil
  • GF Value™: ¥3.69 vs. price of ¥4.84 (31.2% above fair value)
  • GF Score™: 76/100 with 3 warning signs

No single metric tells the full story. See the SHSE:600863 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Inner Mongolia Mengdian Huaneng Thermal Power Business Description

Address No.218, Xilin South Road, Inner Mongolia Autonomous Region, Huhehaote, CHN, 010020
Inner Mongolia Mengdian Huaneng Thermal Power Corp Ltd is engaged in the generation and distribution of electric heat and power.
76GF Score

Get the complete analysis for SHSE:600863

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

¥4.84
Price
¥3.69
GF Value