Zhejiang Three Stars New Materials Co (SHSE:603578) EBIT: ¥-146 Mil (TTM As of Mar. 2026)

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SHSE:603578 Zhejiang Three Stars New Materials Co Ltd SHSE:603578
64 GF Score
Price ¥11.91
GF Value ¥23.51
Valuation Possible Value Trap
! 5 Warning Signs
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What is Zhejiang Three Stars New Materials Co EBIT?

Zhejiang Three Stars New Materials Co SHSE:603578 +0.51% 64 EBIT is ¥-146 Mil as of Mar. 2026. GuruFocus rates SHSE:603578 with a GF Score™ of 64/100 and a GF Value™ of ¥23.51 (Possible Value Trap). The stock has 5 warning signs investors should review.

Zhejiang Three Stars New Materials Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥-146 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zhejiang Three Stars New Materials Co's annualized ROC % for the quarter that ended in Mar. 2026 was 2.41%. Zhejiang Three Stars New Materials Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zhejiang Three Stars New Materials Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -6.00%.


Zhejiang Three Stars New Materials Co  (SHSE:603578) EBIT Explanation

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

Zhejiang Three Stars New Materials 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 )
=83.556 * ( 1 - 0% )/( (3472.416 + 3455.8)/ 2 )
=83.556/3464.108
=2.41 %

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))
=4457.167 - 1417.816 - ( 577.815 - max(0, 2086.103 - 1653.038+577.815))
=3472.416

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))
=5081.711 - 1459.051 - ( 1213.943 - max(0, 2118.599 - 2285.459+1213.943))
=3455.8

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 Three Stars New Materials 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 )
=27.04/( ( (2067.496 + max(-619.557, 0)) + (2063.528 + max(-565.205, 0)) )/ 2 )
=27.04/( ( 2067.496 + 2063.528 )/ 2 )
=27.04/2065.512
=1.31 %

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)
=(582.656 + 270.586 + 14.455) - (1417.816 + 0 + 69.438)
=-619.557

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(681.043 + 255.903 + 17.786) - (1459.051 + 0 + 60.886)
=-565.205

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 Three Stars New Materials Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-146.372/2438.151
=-6.00 %

* 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 Three Stars New Materials Co EBIT Related Terms


Zhejiang Three Stars New Materials Co EBIT Historical Data

* Premium members only.

The historical data trend for Zhejiang Three Stars New Materials 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 Three Stars New Materials Co EBIT Chart

Zhejiang Three Stars New Materials 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 115.53 109.85 130.46 -65.02 -125.13

Zhejiang Three Stars New Materials 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 28.00 -39.89 7.76 -121.00 6.76

SHSE:603578 vs GEV, ETN, PH: EBIT Comparison

For the Specialty Industrial Machinery subindustry, Zhejiang Three Stars New Materials 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 Three Stars New Materials Co EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Three Stars New Materials Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zhejiang Three Stars New Materials Co's EV-to-EBIT falls into.


SHSE:603578
64GF Score
Zhejiang Three Stars New Materials Co Ltd SHSE:603578
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhejiang Three Stars New Materials 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 ¥-146 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 ¥-146 Mil mean?
Zhejiang Three Stars New Materials Co (SHSE:603578) has a EBIT of ¥-146 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Zhejiang Three Stars New Materials Co.
Is Zhejiang Three Stars New Materials Co's EBIT too high?
Zhejiang Three Stars New Materials Co's current EBIT is ¥-146 Mil. Overall, Zhejiang Three Stars New Materials Co has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Three Stars New Materials Co's EBIT compare to GEV and ETN?
Zhejiang Three Stars New Materials Co's EBIT of ¥-146 Mil can be compared against companies in the Industrial Products 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 Industrial Products company?
A good EBIT depends on the Industrial Products 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 Three Stars New Materials Co. Zhejiang Three Stars New Materials Co's current EBIT is ¥-146 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Three Stars New Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Three Stars New Materials Co (SHSE:603578) is currently considered Possible Value Trap. The stock's GF Value™ is ¥23.51, compared to a current price of ¥11.91 — trading 49.3% below its estimated fair value. The current EBIT is ¥-146 Mil. Zhejiang Three Stars New Materials Co's overall GF Score™ is 64/100 with 5 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 Three Stars New Materials Co (SHSE:603578), the current EBIT is ¥-146 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 Three Stars New Materials Co (SHSE:603578) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Three Stars New Materials Co stock appears to be undervalued. The current stock price of ¥11.91 is trading 49.3% below its estimated GF Value™ of ¥23.51. GuruFocus considers Zhejiang Three Stars New Materials Co to be Possible Value Trap.

Key valuation signals for SHSE:603578:

  • EBIT: ¥-146 Mil
  • GF Value™: ¥23.51 vs. price of ¥11.91 (49.3% below fair value)
  • GF Score™: 64/100 with 5 warning signs

No single metric tells the full story. See the SHSE:603578 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiang Three Stars New Materials Co Business Description

Address No. 333 Hanghai Road, Minyue Town, Deqing County, Zhejiang Province, Huzhou, CHN, 313213
Zhejiang Three Stars New Materials Co Ltd is a China based company involved in the design, development, production and sales of all kinds of low temperature storage equipment glass door and deep processing glass products. It produces hollow glass door, PVC extrusion profile, single layer glass door, overall injection molding glass door, coating glass, tempered glass and touch screen glass.
64GF Score

Get the complete analysis for SHSE:603578

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

¥11.91
Price
¥23.51
GF Value