Harbin VITI Electronic Co (SHSE:603023) EBIT: ¥-2.3 Mil (TTM As of Mar. 2026)


SHSE:603023 Harbin VITI Electronic Co Ltd SHSE:603023
60 GF Score
Price ¥3.82
GF Value ¥8.79
Valuation Possible Value Trap
! 2 Warning Signs
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What is Harbin VITI Electronic Co EBIT?

Harbin VITI Electronic Co SHSE:603023 +1.33% 60 EBIT is ¥-2.3 Mil as of Mar. 2026. GuruFocus rates SHSE:603023 with a GF Score™ of 60/100 and a GF Value™ of ¥8.79 (Possible Value Trap). The stock has 2 warning signs investors should review.

Harbin VITI Electronic Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥-5.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥-2.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Harbin VITI Electronic Co's annualized ROC % for the quarter that ended in Mar. 2026 was -3.50%. Harbin VITI Electronic Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -10.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Harbin VITI Electronic Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -0.13%.


Harbin VITI Electronic Co  (SHSE:603023) EBIT Explanation

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

Harbin VITI Electronic 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 )
=-15.636 * ( 1 - 21.07% )/( (355.273 + 350.794)/ 2 )
=-12.3414948/353.0335
=-3.50 %

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))
=900.848 - 72.621 - ( 472.954 - max(0, 98.955 - 702.916+472.954))
=355.273

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))
=904.633 - 75.581 - ( 478.258 - max(0, 108.15 - 710.898+478.258))
=350.794

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

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

Harbin VITI Electronic 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 )
=-20.34/( ( (120.903 + max(64.196, 0)) + (116.717 + max(95.201, 0)) )/ 2 )
=-20.34/( ( 185.099 + 211.918 )/ 2 )
=-20.34/198.5085
=-10.25 %

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)
=(38.36 + 101.738 + 11.997) - (72.621 + 0 + 15.278)
=64.196

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(61.66 + 99.125 + 11.414) - (75.581 + 0 + 1.417)
=95.201

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:

Harbin VITI Electronic Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-2.251/1703.388
=-0.13 %

* 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.


Harbin VITI Electronic Co EBIT Related Terms


Harbin VITI Electronic Co EBIT Historical Data

* Premium members only.

The historical data trend for Harbin VITI Electronic 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.

Harbin VITI Electronic Co EBIT Chart

Harbin VITI Electronic 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 6.19 -1.50 -21.06 4.52 3.17

Harbin VITI Electronic 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 0.34 -0.83 -0.50 4.17 -5.09

SHSE:603023 vs ORLY, AZO: EBIT Comparison

For the Auto Parts subindustry, Harbin VITI Electronic 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.


Harbin VITI Electronic Co EV-to-EBIT vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Harbin VITI Electronic Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Harbin VITI Electronic Co's EV-to-EBIT falls into.


SHSE:603023
60GF Score
Harbin VITI Electronic Co Ltd SHSE:603023
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Harbin VITI Electronic 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 ¥-2.3 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 ¥-2.3 Mil mean?
Harbin VITI Electronic Co (SHSE:603023) has a EBIT of ¥-2.3 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Harbin VITI Electronic Co.
Is Harbin VITI Electronic Co's EBIT too high?
Harbin VITI Electronic Co's current EBIT is ¥-2.3 Mil. Overall, Harbin VITI Electronic Co has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Harbin VITI Electronic Co's EBIT compare to ORLY and AZO?
Harbin VITI Electronic Co's EBIT of ¥-2.3 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good EBIT depends on the Vehicles & Parts 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 Harbin VITI Electronic Co. Harbin VITI Electronic Co's current EBIT is ¥-2.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbin VITI Electronic Co stock overvalued right now?
Based on GuruFocus' analysis, Harbin VITI Electronic Co (SHSE:603023) is currently considered Possible Value Trap. The stock's GF Value™ is ¥8.79, compared to a current price of ¥3.82 — trading 56.5% below its estimated fair value. The current EBIT is ¥-2.3 Mil. Harbin VITI Electronic Co's overall GF Score™ is 60/100 with 2 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 Harbin VITI Electronic Co (SHSE:603023), the current EBIT is ¥-2.3 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 Harbin VITI Electronic Co (SHSE:603023) Overvalued in 2026?

Based on GuruFocus' analysis, Harbin VITI Electronic Co stock appears to be undervalued. The current stock price of ¥3.82 is trading 56.5% below its estimated GF Value™ of ¥8.79. GuruFocus considers Harbin VITI Electronic Co to be Possible Value Trap.

Key valuation signals for SHSE:603023:

  • EBIT: ¥-2.3 Mil
  • GF Value™: ¥8.79 vs. price of ¥3.82 (56.5% below fair value)
  • GF Score™: 60/100 with 2 warning signs

No single metric tells the full story. See the SHSE:603023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Harbin VITI Electronic Co Business Description

Address No. 11 West Haping Road, High-tech Development District, Heilongjiang Province, Harbin, CHN, 150060
Harbin VITI Electronic Co Ltd is a domestic automotive electronic control product supplier. Its engaged in the research, manufacturing, and sale of electronic products for cars and buses. It's products include CAN bus control system, bus control unit, controller (ECU control unit), Combination of instruments, sensors and other products. The products are mainly used in passenger cars, trucks and military vehicles.
60GF Score

Get the complete analysis for SHSE:603023

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

¥3.82
Price
¥8.79
GF Value