Shenzhen Kinwong Electronic Co (SHSE:603228) EBIT: ¥1,388 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:603228 Shenzhen Kinwong Electronic Co Ltd SHSE:603228
83 GF Score
Price ¥67.99
GF Value ¥35.41
Valuation Significantly Overvalued
! 12 Warning Signs
View Full Analysis

What is Shenzhen Kinwong Electronic Co EBIT?

Shenzhen Kinwong Electronic Co SHSE:603228 -9.73% 83 EBIT is ¥1,388 Mil as of Mar. 2026. GuruFocus rates SHSE:603228 with a GF Score™ of 83/100 and a GF Value™ of ¥35.41 (Significantly Overvalued). The stock has 12 warning signs investors should review.

Shenzhen Kinwong Electronic Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥261 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥1,388 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shenzhen Kinwong Electronic Co's annualized ROC % for the quarter that ended in Mar. 2026 was 8.19%. Shenzhen Kinwong Electronic Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shenzhen Kinwong Electronic Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.09%.


Shenzhen Kinwong Electronic Co  (SHSE:603228) EBIT Explanation

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

Shenzhen Kinwong 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 )
=1156.832 * ( 1 - 0% )/( (13496.619 + 14752.829)/ 2 )
=1156.832/14124.724
=8.19 %

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))
=23726.909 - 7354.774 - ( 2875.516 - max(0, 8055.095 - 11565.222+2875.516))
=13496.619

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))
=25382.037 - 7286.802 - ( 3342.406 - max(0, 7927.104 - 12413.288+3342.406))
=14752.829

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

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

Shenzhen Kinwong 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 )
=1043.928/( ( (10430.246 + max(-3.3920000000007, 0)) + (10753.891 + max(407.071, 0)) )/ 2 )
=1043.928/( ( 10430.246 + 11160.962 )/ 2 )
=1043.928/10795.604
=9.67 %

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)
=(4695.815 + 2515.615 + 231.509) - (7354.774 + 0 + 91.557)
=-3.3920000000007

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4453.472 + 3013.27 + 328.797) - (7286.802 + 0 + 101.666)
=407.071

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1387.742/66467.260
=2.09 %

* 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.


Shenzhen Kinwong Electronic Co EBIT Related Terms


Shenzhen Kinwong Electronic Co EBIT Historical Data

* Premium members only.

The historical data trend for Shenzhen Kinwong 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.

Shenzhen Kinwong Electronic Co EBIT Chart

Shenzhen Kinwong 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 1,048.28 1,243.95 1,086.25 1,348.54 1,511.04

Shenzhen Kinwong 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 384.28 377.92 393.00 355.84 260.98

SHSE:603228 vs APH, GLW, TEL: EBIT Comparison

For the Electronic Components subindustry, Shenzhen Kinwong 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.


Shenzhen Kinwong Electronic Co EV-to-EBIT vs Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Kinwong Electronic Co's EV-to-EBIT distribution charts can be found below:

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


SHSE:603228
83GF Score
Shenzhen Kinwong Electronic Co Ltd SHSE:603228
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shenzhen Kinwong 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 ¥1,388 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 ¥1,388 Mil mean?
Shenzhen Kinwong Electronic Co (SHSE:603228) has a EBIT of ¥1,388 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Shenzhen Kinwong Electronic Co.
Is Shenzhen Kinwong Electronic Co's EBIT too high?
Shenzhen Kinwong Electronic Co's current EBIT is ¥1,388 Mil. Overall, Shenzhen Kinwong Electronic Co has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Kinwong Electronic Co's EBIT compare to APH and GLW?
Shenzhen Kinwong Electronic Co's EBIT of ¥1,388 Mil can be compared against companies in the Hardware 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 Hardware company?
A good EBIT depends on the Hardware 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 Shenzhen Kinwong Electronic Co. Shenzhen Kinwong Electronic Co's current EBIT is ¥1,388 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Kinwong Electronic Co stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Kinwong Electronic Co (SHSE:603228) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥35.41, compared to a current price of ¥67.99 — trading 92% above its estimated fair value. The current EBIT is ¥1,388 Mil. Shenzhen Kinwong Electronic Co's overall GF Score™ is 83/100 with 12 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 Shenzhen Kinwong Electronic Co (SHSE:603228), the current EBIT is ¥1,388 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 Shenzhen Kinwong Electronic Co (SHSE:603228) Overvalued in 2026?

Based on GuruFocus' analysis, Shenzhen Kinwong Electronic Co stock appears to be overvalued. The current stock price of ¥67.99 is trading 92% above its estimated GF Value™ of ¥35.41. GuruFocus considers Shenzhen Kinwong Electronic Co to be Significantly Overvalued.

Key valuation signals for SHSE:603228:

  • EBIT: ¥1,388 Mil
  • GF Value™: ¥35.41 vs. price of ¥67.99 (92% above fair value)
  • GF Score™: 83/100 with 12 warning signs

No single metric tells the full story. See the SHSE:603228 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shenzhen Kinwong Electronic Co Business Description

Address No.166, Shuiku Road, Tiegang Village, Xixiang Town, Baoan District, Shenzhen, CHN, 518102
Shenzhen Kinwong Electronic Co Ltd is engaged in manufacturing and sale of Printed Circuit Boards (PCB). The group offers multi-layer PCB and flexible PCB. The products of the company are applied in consumer electronics, automotive, controller and equipment, network telecommunication and IT & PC peripheral. The firm has built a strategic partnership with global top brands such as Microsoft, Hitachi, Sanyo, Foxconn, Emerson, Honeywell, Logitech, and so on. Geographically operates through the Chinese market.
83GF Score

Get the complete analysis for SHSE:603228

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

¥67.99
Price
¥35.41
GF Value