Zhejiang Huangma Technology Co (SHSE:603181) EBIT: ¥511 Mil (TTM As of Mar. 2026)


SHSE:603181 Zhejiang Huangma Technology Co Ltd SHSE:603181
85 GF Score
Price ¥16.18
GF Value ¥13.53
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Zhejiang Huangma Technology Co EBIT?

Zhejiang Huangma Technology Co SHSE:603181 -1.46% 85 EBIT is ¥511 Mil as of Mar. 2026. GuruFocus rates SHSE:603181 with a GF Score™ of 85/100 and a GF Value™ of ¥13.53 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Zhejiang Huangma Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥131 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥511 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zhejiang Huangma Technology Co's annualized ROC % for the quarter that ended in Mar. 2026 was 13.27%. Zhejiang Huangma Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zhejiang Huangma Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.46%.


Zhejiang Huangma Technology Co  (SHSE:603181) EBIT Explanation

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

Zhejiang Huangma 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 )
=543.272 * ( 1 - 14.44% )/( (3378.895 + 3624.21)/ 2 )
=464.8235232/3501.5525
=13.27 %

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))
=4315.646 - 300.771 - ( 635.98 - max(0, 352.023 - 1378.746+635.98))
=3378.895

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))
=4541.085 - 270.619 - ( 646.256 - max(0, 339.865 - 1468.287+646.256))
=3624.21

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

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

Zhejiang Huangma 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 )
=525.94/( ( (2534.069 + max(302.659, 0)) + (2640.83 + max(348.348, 0)) )/ 2 )
=525.94/( ( 2836.728 + 2989.178 )/ 2 )
=525.94/2912.953
=18.06 %

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)
=(326.065 + 217.498 + 72.186) - (300.771 + 0 + 12.319)
=302.659

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(380.048 + 171.728 + 97.505) - (270.619 + 0 + 30.314)
=348.348

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=511.192/9370.493
=5.46 %

* 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.


Zhejiang Huangma Technology Co EBIT Related Terms


Zhejiang Huangma Technology Co EBIT Historical Data

* Premium members only.

The historical data trend for Zhejiang Huangma 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.

Zhejiang Huangma Technology Co EBIT Chart

Zhejiang Huangma 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 515.02 552.71 387.24 467.04 499.65

Zhejiang Huangma 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 119.94 132.42 135.02 112.27 131.49

SHSE:603181 vs LIN, SHW, ECL: EBIT Comparison

For the Specialty Chemicals subindustry, Zhejiang Huangma 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.


Zhejiang Huangma Technology Co EV-to-EBIT vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Huangma Technology Co's EV-to-EBIT distribution charts can be found below:

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


SHSE:603181
85GF Score
Zhejiang Huangma Technology Co Ltd SHSE:603181
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Zhejiang Huangma 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 ¥511 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 ¥511 Mil mean?
Zhejiang Huangma Technology Co (SHSE:603181) has a EBIT of ¥511 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Zhejiang Huangma Technology Co.
Is Zhejiang Huangma Technology Co's EBIT too high?
Zhejiang Huangma Technology Co's current EBIT is ¥511 Mil. Overall, Zhejiang Huangma Technology Co has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Huangma Technology Co's EBIT compare to LIN and SHW?
Zhejiang Huangma Technology Co's EBIT of ¥511 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good EBIT depends on the Chemicals 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 Zhejiang Huangma Technology Co. Zhejiang Huangma Technology Co's current EBIT is ¥511 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Huangma Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Huangma Technology Co (SHSE:603181) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥13.53, compared to a current price of ¥16.18 — trading 19.6% above its estimated fair value. The current EBIT is ¥511 Mil. Zhejiang Huangma Technology Co's overall GF Score™ is 85/100 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 Zhejiang Huangma Technology Co (SHSE:603181), the current EBIT is ¥511 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 Zhejiang Huangma Technology Co (SHSE:603181) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Huangma Technology Co stock appears to be overvalued. The current stock price of ¥16.18 is trading 19.6% above its estimated GF Value™ of ¥13.53. GuruFocus considers Zhejiang Huangma Technology Co to be Modestly Overvalued.

Key valuation signals for SHSE:603181:

  • EBIT: ¥511 Mil
  • GF Value™: ¥13.53 vs. price of ¥16.18 (19.6% above fair value)
  • GF Score™: 85/100 with 3 warning signs

No single metric tells the full story. See the SHSE:603181 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiang Huangma Technology Co Business Description

Address Zhangzhen Industrial New District, Shangyu District, Zhejiang Province, Shaoxing, CHN, 312363
Zhejiang Huangma Technology Co Ltd is focused on the development, production and sales of speciality surfactants. Its product offering includes more than 1,200 products in the chemical fibre Oil olate, printing and textile auxiliaries plate, lubricant and metalworking fluids plate, water reducing agent plate, coating plate, silicones surfactant plate, pesticide auxiliary plate, water treatment plate, personal care plate and other surfactant plates. The products are widely applied to silicone, lubricants and metal processing, environmentally friendly coatings, composite new materials, special fibres, agrochemical additives and other downstream areas.
85GF Score

Get the complete analysis for SHSE:603181

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

¥16.18
Price
¥13.53
GF Value