Zheshang Development Group Co (SZSE:000906) EBIT: ¥1,338 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.

SZSE:000906 Zheshang Development Group Co Ltd SZSE:000906
80 GF Score
Price ¥5.42
GF Value ¥7.80
Valuation Significantly Undervalued
! 7 Warning Signs
View Full Analysis

What is Zheshang Development Group Co EBIT?

Zheshang Development Group Co SZSE:000906 -0.37% 80 EBIT is ¥1,338 Mil as of Mar. 2026. GuruFocus rates SZSE:000906 with a GF Score™ of 80/100 and a GF Value™ of ¥7.80 (Significantly Undervalued). The stock has 7 warning signs investors should review.

Zheshang Development Group Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥420 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥1,338 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zheshang Development Group Co's annualized ROC % for the quarter that ended in Mar. 2026 was 4.25%. Zheshang Development Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zheshang Development Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.68%.


Zheshang Development Group Co  (SZSE:000906) EBIT Explanation

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

Zheshang Development Group 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 )
=1487.304 * ( 1 - 26.38% )/( (18849.277 + 32698.024)/ 2 )
=1094.9532048/25773.6505
=4.25 %

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))
=41742.634 - 13804.113 - ( 9089.244 - max(0, 28693.66 - 38491.23+9089.244))
=18849.277

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))
=59410.233 - 18782.384 - ( 7929.825 - max(0, 45944.69 - 56193.108+7929.825))
=32698.024

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

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

Zheshang Development Group 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 )
=1681.932/( ( (1741.8 + max(3889.955, 0)) + (1745.522 + max(11182.98, 0)) )/ 2 )
=1681.932/( ( 5631.755 + 12928.502 )/ 2 )
=1681.932/9280.1285
=18.12 %

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)
=(5034.941 + 12763.685 + 8109.223) - (13804.113 + 0 + 8213.781)
=3889.955

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7800.716 + 24160.296 + 12508.495) - (18782.384 + 0 + 14504.143)
=11182.98

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:

Zheshang Development Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1338.394/13832.027
=9.68 %

* 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.


Zheshang Development Group Co EBIT Related Terms


Zheshang Development Group Co EBIT Historical Data

* Premium members only.

The historical data trend for Zheshang Development Group 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.

Zheshang Development Group Co EBIT Chart

Zheshang Development Group 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 1,876.08 2,071.19 1,810.87 1,143.57 1,316.49

Zheshang Development Group 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 398.58 224.30 265.14 428.46 420.48

SZSE:000906 vs MMM, HON: EBIT Comparison

For the Conglomerates subindustry, Zheshang Development Group 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.


Zheshang Development Group Co EV-to-EBIT vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Zheshang Development Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zheshang Development Group Co's EV-to-EBIT falls into.


SZSE:000906
80GF Score
Zheshang Development Group Co Ltd SZSE:000906
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zheshang Development Group 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 ¥1,338 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 ¥1,338 Mil mean?
Zheshang Development Group Co (SZSE:000906) has a EBIT of ¥1,338 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Zheshang Development Group Co.
Is Zheshang Development Group Co's EBIT too high?
Zheshang Development Group Co's current EBIT is ¥1,338 Mil. Overall, Zheshang Development Group Co has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zheshang Development Group Co's EBIT compare to MMM and HON?
Zheshang Development Group Co's EBIT of ¥1,338 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good EBIT depends on the Conglomerates 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 Zheshang Development Group Co. Zheshang Development Group Co's current EBIT is ¥1,338 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zheshang Development Group Co stock overvalued right now?
Based on GuruFocus' analysis, Zheshang Development Group Co (SZSE:000906) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥7.80, compared to a current price of ¥5.42 — trading 30.5% below its estimated fair value. The current EBIT is ¥1,338 Mil. Zheshang Development Group Co's overall GF Score™ is 80/100 with 7 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 Zheshang Development Group Co (SZSE:000906), the current EBIT is ¥1,338 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 Zheshang Development Group Co (SZSE:000906) Overvalued in 2026?

Based on GuruFocus' analysis, Zheshang Development Group Co stock appears to be undervalued. The current stock price of ¥5.42 is trading 30.5% below its estimated GF Value™ of ¥7.80. GuruFocus considers Zheshang Development Group Co to be Significantly Undervalued.

Key valuation signals for SZSE:000906:

  • EBIT: ¥1,338 Mil
  • GF Value™: ¥7.80 vs. price of ¥5.42 (30.5% below fair value)
  • GF Score™: 80/100 with 7 warning signs

No single metric tells the full story. See the SZSE:000906 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zheshang Development Group Co Business Description

Address No. 303, Wenhui Road, 8-10 Building, Communication Building, Xiacheng District, Hangzhou, CHN, 310014
Zheshang Development Group Co Ltd is engaged in proving services in the modern service industry. The company offers its services in a various division which include commodity, financial leasing, online retail, car sales and after sale services, logistic services, and energy technology. Further, the group is also committed to providing customers with consultation, procurement of raw materials, inventory management, shear processing, risk hedging, asset management, and supply chain finance, commercial insurance in each link, and other omni-directional, multilevel and personalized supply chain integration services. Geographically the business activities are carried out through China.
80GF Score

Get the complete analysis for SZSE:000906

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

¥5.42
Price
¥7.80
GF Value