Changzheng Engineering Technology Co (SHSE:603698) EBIT: ¥359 Mil (TTM As of Mar. 2026)

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SHSE:603698 Changzheng Engineering Technology Co Ltd SHSE:603698
86 GF Score
Price ¥21.83
GF Value ¥27.18
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Changzheng Engineering Technology Co EBIT?

Changzheng Engineering Technology Co SHSE:603698 +1.72% 86 EBIT is ¥359 Mil as of Mar. 2026. GuruFocus rates SHSE:603698 with a GF Score™ of 86/100 and a GF Value™ of ¥27.18 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Changzheng Engineering Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥100 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥359 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Changzheng Engineering Technology Co's annualized ROC % for the quarter that ended in Mar. 2026 was 3.98%. Changzheng Engineering Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Changzheng Engineering Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.64%.

Changzheng Engineering Technology Co  (SHSE:603698) EBIT Explanation

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

Changzheng Engineering 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 )
=327.492 * ( 1 - 18.89% )/( (6477.472 + 6873.544)/ 2 )
=265.6287612/6675.508
=3.98 %

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))
=9296 - 1050.035 - ( 1768.493 - max(0, 2431.411 - 4250.68+1768.493))
=6477.472

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))
=9181.894 - 915.794 - ( 1392.556 - max(0, 2215.978 - 4107.945+1392.556))
=6873.544

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

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

Changzheng Engineering 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 )
=398.456/( ( (4626.555 + max(-130.762, 0)) + (4583.454 + max(250.976, 0)) )/ 2 )
=398.456/( ( 4626.555 + 4834.43 )/ 2 )
=398.456/4730.4925
=8.42 %

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)
=(715.649 + 319.148 + 861.484) - (1050.035 + 0 + 977.008)
=-130.762

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(811.628 + 357.939 + 941.912) - (915.794 + 0 + 944.709)
=250.976

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=359.483/13641.811
=2.64 %

* 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.

Changzheng Engineering Technology Co EBIT Related Terms

Changzheng Engineering Technology Co EBIT Historical Data

* Premium members only.

The historical data trend for Changzheng Engineering 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.

Changzheng Engineering Technology Co EBIT Chart

Changzheng Engineering 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 82.46 175.81 193.52 276.78 334.14

Changzheng Engineering 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 74.27 111.31 61.59 86.97 99.61

SHSE:603698 vs PWR, FIX, EME: EBIT Comparison

For the Engineering & Construction subindustry, Changzheng Engineering 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.

Changzheng Engineering Technology Co EV-to-EBIT vs Construction Industry

For the Construction industry and Industrials sector, Changzheng Engineering Technology Co's EV-to-EBIT distribution charts can be found below:

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


SHSE:603698
86GF Score
Changzheng Engineering Technology Co Ltd SHSE:603698
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Changzheng Engineering 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 ¥359 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 ¥359 Mil mean?
Changzheng Engineering Technology Co (SHSE:603698) has a EBIT of ¥359 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Changzheng Engineering Technology Co.
Is Changzheng Engineering Technology Co's EBIT too high?
Changzheng Engineering Technology Co's current EBIT is ¥359 Mil. Overall, Changzheng Engineering Technology Co has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Changzheng Engineering Technology Co's EBIT compare to PWR and FIX?
Changzheng Engineering Technology Co's EBIT of ¥359 Mil can be compared against companies in the Construction 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 Construction company?
A good EBIT depends on the Construction 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 Changzheng Engineering Technology Co. Changzheng Engineering Technology Co's current EBIT is ¥359 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changzheng Engineering Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Changzheng Engineering Technology Co (SHSE:603698) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥27.18, compared to a current price of ¥21.83 — trading 19.7% below its estimated fair value. The current EBIT is ¥359 Mil. Changzheng Engineering Technology Co's overall GF Score™ is 86/100 with 6 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 Changzheng Engineering Technology Co (SHSE:603698), the current EBIT is ¥359 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 Changzheng Engineering Technology Co (SHSE:603698) Overvalued in 2026?

Based on GuruFocus' analysis, Changzheng Engineering Technology Co stock appears to be undervalued. The current stock price of ¥21.83 is trading 19.7% below its estimated GF Value™ of ¥27.18. GuruFocus considers Changzheng Engineering Technology Co to be Modestly Undervalued.

Key valuation signals for SHSE:603698:

  • EBIT: ¥359 Mil
  • GF Value™: ¥27.18 vs. price of ¥21.83 (19.7% below fair value)
  • GF Score™: 86/100 with 6 warning signs

No single metric tells the full story. See the SHSE:603698 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Changzheng Engineering Technology Co Business Description

Address Jinghai 4th Road, No. 141, Beijing Economic and Technological Development Zone, Ludong District, Beijing, CHN, 101111
Changzheng Engineering Technology Co Ltd is engaged in aerospace pulverized coal pressurized gasification technology. It specializes in the research and development, engineering design, technical services, complete equipment supply and general project contracting of coal gasification technology and key equipment.
86GF Score

Get the complete analysis for SHSE:603698

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

¥21.83
Price
¥27.18
GF Value