Changzhou Fusion New Material Co (SHSE:688503) EBIT: ¥181 Mil (TTM As of Jun. 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:688503 Changzhou Fusion New Material Co Ltd SHSE:688503
90 GF Score
Price ¥73.88
GF Value ¥80.14
Valuation Fairly Valued
! 10 Warning Signs
View Full Analysis

What is Changzhou Fusion New Material Co EBIT?

Changzhou Fusion New Material Co SHSE:688503 +2.90% 90 EBIT is ¥181 Mil as of Jun. 2026. GuruFocus rates SHSE:688503 with a GF Score™ of 90/100 and a GF Value™ of ¥80.14 (Fairly Valued). The stock has 10 warning signs investors should review.

Changzhou Fusion New Material Co's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2026 was ¥-436 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2026 was ¥181 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Changzhou Fusion New Material Co's annualized ROC % for the quarter that ended in Jun. 2026 was -4.20%. Changzhou Fusion New Material Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -31.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Changzhou Fusion New Material Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 0.79%.


Changzhou Fusion New Material Co  (SHSE:688503) EBIT Explanation

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

Changzhou Fusion New Material Co's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=-509.548 * ( 1 - 17.78% )/( (9351.691 + 10608.189)/ 2 )
=-418.9503656/9979.94
=-4.20 %

where

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))
=13409.617 - 1842.028 - ( 2215.898 - max(0, 8062.997 - 11366.259+2215.898))
=9351.691

Invested Capital(Q: Jun. 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))
=13184.903 - 738.069 - ( 1838.645 - max(0, 8122.961 - 11203.178+1838.645))
=10608.189

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

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

Changzhou Fusion New Material Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1745.568/( ( (734.613 + max(4412.831, 0)) + (718.217 + max(5096.727, 0)) )/ 2 )
=-1745.568/( ( 5147.444 + 5814.944 )/ 2 )
=-1745.568/5481.194
=-31.85 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4421.089 + 1727.109 + 684.102) - (1842.028 + 0 + 577.441)
=4412.831

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3866.425 + 1423.719 + 850.264) - (738.069 + 0 + 305.612)
=5096.727

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Changzhou Fusion New Material Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2026 )
=181.418/22822.340
=0.79 %

* 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.


Changzhou Fusion New Material Co EBIT Related Terms


Changzhou Fusion New Material Co EBIT Historical Data

* Premium members only.

The historical data trend for Changzhou Fusion New Material 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.

Changzhou Fusion New Material Co EBIT Chart

Changzhou Fusion New Material Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial 298.14 459.05 539.31 507.34 503.07

Changzhou Fusion New Material Co Quarterly Data
Mar21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 88.22 226.11 59.52 332.18 -436.39

SHSE:688503 vs FSLR, NXT, ENPH: EBIT Comparison

For the Solar subindustry, Changzhou Fusion New Material 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.


Changzhou Fusion New Material Co EV-to-EBIT vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Changzhou Fusion New Material Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Changzhou Fusion New Material Co's EV-to-EBIT falls into.


SHSE:688503
90GF Score
Changzhou Fusion New Material Co Ltd SHSE:688503
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Changzhou Fusion New Material 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥181 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 ¥181 Mil mean?
Changzhou Fusion New Material Co (SHSE:688503) has a EBIT of ¥181 Mil as of Jun. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Changzhou Fusion New Material Co.
Is Changzhou Fusion New Material Co's EBIT too high?
Changzhou Fusion New Material Co's current EBIT is ¥181 Mil. Overall, Changzhou Fusion New Material Co has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Changzhou Fusion New Material Co's EBIT compare to FSLR and NXT?
Changzhou Fusion New Material Co's EBIT of ¥181 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 Changzhou Fusion New Material Co. Changzhou Fusion New Material Co's current EBIT is ¥181 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changzhou Fusion New Material Co stock overvalued right now?
Based on GuruFocus' analysis, Changzhou Fusion New Material Co (SHSE:688503) is currently considered Fairly Valued. The stock's GF Value™ is ¥80.14, compared to a current price of ¥73.88 — trading 7.8% below its estimated fair value. The current EBIT is ¥181 Mil. Changzhou Fusion New Material Co's overall GF Score™ is 90/100 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 Changzhou Fusion New Material Co (SHSE:688503), the current EBIT is ¥181 Mil as of Jun. 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 Changzhou Fusion New Material Co (SHSE:688503) Overvalued in 2026?

Based on GuruFocus' analysis, Changzhou Fusion New Material Co stock appears to be undervalued. The current stock price of ¥73.88 is trading 7.8% below its estimated GF Value™ of ¥80.14. GuruFocus considers Changzhou Fusion New Material Co to be Fairly Valued.

Key valuation signals for SHSE:688503:

  • EBIT: ¥181 Mil
  • GF Value™: ¥80.14 vs. price of ¥73.88 (7.8% below fair value)
  • GF Score™: 90/100 with 10 warning signs

No single metric tells the full story. See the SHSE:688503 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Changzhou Fusion New Material Co Business Description

Address No. 66 Liuyanghe Road, Xinbei District, Jiangsu Province, Changzhou, CHN, 213031
Changzhou Fusion New Material Co Ltd specializes in the research and development, production and sales of new electronic pastes. The company's main product is front silver paste for solar cells. Front silver paste is a functional material based on silver powder, which is the key material for the preparation of solar cell metal electrodes. Its product performance and preparation process are directly related to the photoelectric conversion efficiency of solar cells.
90GF Score

Get the complete analysis for SHSE:688503

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

¥73.88
Price
¥80.14
GF Value