China Resources Microelectronics (SHSE:688396) EBIT: ¥1,047 Mil (TTM As of Mar. 2026)


SHSE:688396 China Resources Microelectronics Ltd SHSE:688396
85 GF Score
Price ¥84.72
GF Value ¥55.88
Valuation Significantly Overvalued
! 10 Warning Signs
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What is China Resources Microelectronics EBIT?

China Resources Microelectronics SHSE:688396 85 EBIT is ¥1,047 Mil as of Mar. 2026. GuruFocus rates SHSE:688396 with a GF Score™ of 85/100 and a GF Value™ of ¥55.88 (Significantly Overvalued). The stock has 10 warning signs investors should review.

China Resources Microelectronics's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥396 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥1,047 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Resources Microelectronics's annualized ROC % for the quarter that ended in Mar. 2026 was 6.10%. China Resources Microelectronics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Resources Microelectronics's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.00%.


China Resources Microelectronics  (SHSE:688396) EBIT Explanation

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

China Resources Microelectronics'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 )
=1315.964 * ( 1 - 23.04% )/( (16567.69 + 16650.89)/ 2 )
=1012.7658944/16609.29
=6.10 %

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))
=30589.736 - 4395.104 - ( 9626.942 - max(0, 5101.456 - 15034.697+9626.942))
=16567.69

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))
=30703.338 - 4199.658 - ( 9852.79 - max(0, 4836.823 - 15273.345+9852.79))
=16650.89

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

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

China Resources Microelectronics'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 )
=1582.232/( ( (8207.758 + max(-795.274, 0)) + (8135.915 + max(-652.013, 0)) )/ 2 )
=1582.232/( ( 8207.758 + 8135.915 )/ 2 )
=1582.232/8171.8365
=19.36 %

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)
=(1781 + 2279.408 + 148.014) - (4395.104 + 0 + 608.592)
=-795.274

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1651.735 + 2341.632 + 138.197) - (4199.658 + 0 + 583.919)
=-652.013

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:

China Resources Microelectronics's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1046.695/104870.194
=1.00 %

* 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.


China Resources Microelectronics EBIT Related Terms


China Resources Microelectronics EBIT Historical Data

* Premium members only.

The historical data trend for China Resources Microelectronics'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.

China Resources Microelectronics EBIT Chart

China Resources Microelectronics 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 2,381.88 2,685.08 1,752.80 837.60 731.47

China Resources Microelectronics 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 80.33 279.07 227.52 144.55 395.56

SHSE:688396 vs NVDA, AVGO, MU: EBIT Comparison

For the Semiconductors subindustry, China Resources Microelectronics'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.


China Resources Microelectronics EV-to-EBIT vs Semiconductors Industry

For the Semiconductors industry and Technology sector, China Resources Microelectronics's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Resources Microelectronics's EV-to-EBIT falls into.


SHSE:688396
85GF Score
China Resources Microelectronics Ltd SHSE:688396
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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China Resources Microelectronics 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 ¥1,047 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 ¥1,047 Mil mean?
China Resources Microelectronics (SHSE:688396) has a EBIT of ¥1,047 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Resources Microelectronics.
Is China Resources Microelectronics' EBIT too high?
China Resources Microelectronics' current EBIT is ¥1,047 Mil. Overall, China Resources Microelectronics has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Resources Microelectronics' EBIT compare to NVDA and AVGO?
China Resources Microelectronics' EBIT of ¥1,047 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good EBIT depends on the Semiconductors 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 China Resources Microelectronics. China Resources Microelectronics's current EBIT is ¥1,047 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Resources Microelectronics stock overvalued right now?
Based on GuruFocus' analysis, China Resources Microelectronics (SHSE:688396) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥55.88, compared to a current price of ¥84.72 — trading 51.6% above its estimated fair value. The current EBIT is ¥1,047 Mil. China Resources Microelectronics' overall GF Score™ is 85/100 with 10 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 China Resources Microelectronics (SHSE:688396), the current EBIT is ¥1,047 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 China Resources Microelectronics (SHSE:688396) Overvalued in 2026?

Based on GuruFocus' analysis, China Resources Microelectronics stock appears to be overvalued. The current stock price of ¥84.72 is trading 51.6% above its estimated GF Value™ of ¥55.88. GuruFocus considers China Resources Microelectronics to be Significantly Overvalued.

Key valuation signals for SHSE:688396:

  • EBIT: ¥1,047 Mil
  • GF Value™: ¥55.88 vs. price of ¥84.72 (51.6% above fair value)
  • GF Score™: 85/100 with 10 warning signs

No single metric tells the full story. See the SHSE:688396 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Resources Microelectronics Business Description

Address No. 14, Liangxi Road, No. 12, Lane 299, Wenshui Road, Jiangsu Province, Wuxi City, Zhihuiyuan, Shibei District, Jing'an District, Shanghai, CHN, 214061
China Resources Microelectronics Ltd is engaged in designing, producing, and selling power semiconductors, smart sensors and smart control products, as well as providing open wafer manufacturing, packaging and testing, and other manufacturing services.
85GF Score

Get the complete analysis for SHSE:688396

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

¥84.72
Price
¥55.88
GF Value