FSPG Hi-Tech Co (SZSE:000973) EBIT: ¥701 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:000973 FSPG Hi-Tech Co Ltd SZSE:000973
60 GF Score
Price ¥14.43
GF Value ¥7.06
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is FSPG Hi-Tech Co EBIT?

FSPG Hi-Tech Co SZSE:000973 +0.21% 60 EBIT is ¥701 Mil as of Mar. 2026. GuruFocus rates SZSE:000973 with a GF Score™ of 60/100 and a GF Value™ of ¥7.06 (Significantly Overvalued). The stock has 10 warning signs investors should review.

FSPG Hi-Tech Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥627 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥701 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FSPG Hi-Tech Co's annualized ROC % for the quarter that ended in Mar. 2026 was 6.81%. FSPG Hi-Tech Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 30.47%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. FSPG Hi-Tech Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.66%.


FSPG Hi-Tech Co  (SZSE:000973) EBIT Explanation

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

FSPG Hi-Tech 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 )
=764.004 * ( 1 - 5.55% )/( (4036.154 + 17170.473)/ 2 )
=721.601778/10603.3135
=6.81 %

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))
=5431.963 - 431.011 - ( 1006.569 - max(0, 1249.052 - 2213.85+1006.569))
=4036.154

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))
=20077.644 - 1169.262 - ( 1782.771 - max(0, 4510.23 - 6248.139+1782.771))
=17170.473

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

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

FSPG Hi-Tech 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 )
=2508.44/( ( (1866.376 + max(566.18, 0)) + (11355.095 + max(2676.953, 0)) )/ 2 )
=2508.44/( ( 2432.556 + 14032.048 )/ 2 )
=2508.44/8232.302
=30.47 %

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)
=(299.435 + 584.544 + 171.589) - (431.011 + 0 + 58.377)
=566.18

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2756.524 + 1030.429 + 410.215) - (1169.262 + 0 + 350.953)
=2676.953

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:

FSPG Hi-Tech Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=700.749/42174.992
=1.66 %

* 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.


FSPG Hi-Tech Co EBIT Related Terms


FSPG Hi-Tech Co EBIT Historical Data

* Premium members only.

The historical data trend for FSPG Hi-Tech 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.

FSPG Hi-Tech Co EBIT Chart

FSPG Hi-Tech 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 200.64 225.80 276.12 187.58 107.88

FSPG Hi-Tech 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 34.24 46.40 37.72 -10.48 627.11

SZSE:000973 vs DOW: EBIT Comparison

For the Chemicals subindustry, FSPG Hi-Tech 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.


FSPG Hi-Tech Co EV-to-EBIT vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, FSPG Hi-Tech Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where FSPG Hi-Tech Co's EV-to-EBIT falls into.


SZSE:000973
60GF Score
FSPG Hi-Tech Co Ltd SZSE:000973
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FSPG Hi-Tech 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 ¥701 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 ¥701 Mil mean?
FSPG Hi-Tech Co (SZSE:000973) has a EBIT of ¥701 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on FSPG Hi-Tech Co.
Is FSPG Hi-Tech Co's EBIT too high?
FSPG Hi-Tech Co's current EBIT is ¥701 Mil. Overall, FSPG Hi-Tech Co has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FSPG Hi-Tech Co's EBIT compare to DOW?
FSPG Hi-Tech Co's EBIT of ¥701 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good EBIT depends on the Chemicals 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 FSPG Hi-Tech Co. FSPG Hi-Tech Co's current EBIT is ¥701 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FSPG Hi-Tech Co stock overvalued right now?
Based on GuruFocus' analysis, FSPG Hi-Tech Co (SZSE:000973) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥7.06, compared to a current price of ¥14.43 — trading 104.4% above its estimated fair value. The current EBIT is ¥701 Mil. FSPG Hi-Tech Co's overall GF Score™ is 60/100 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 FSPG Hi-Tech Co (SZSE:000973), the current EBIT is ¥701 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 FSPG Hi-Tech Co (SZSE:000973) Overvalued in 2026?

Based on GuruFocus' analysis, FSPG Hi-Tech Co stock appears to be overvalued. The current stock price of ¥14.43 is trading 104.4% above its estimated GF Value™ of ¥7.06. GuruFocus considers FSPG Hi-Tech Co to be Significantly Overvalued.

Key valuation signals for SZSE:000973:

  • EBIT: ¥701 Mil
  • GF Value™: ¥7.06 vs. price of ¥14.43 (104.4% above fair value)
  • GF Score™: 60/100 with 10 warning signs

No single metric tells the full story. See the SZSE:000973 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FSPG Hi-Tech Co Business Description

Address No. 7, Qinggong Third Road, Zhangcha Street, Building 2, Chancheng District, Foshan, CHN, 528000
FSPG Hi-Tech Co Ltd is a China-based company mainly engaged in the research and development, production, and sale of new energy, new materials, energy-saving technologies, and environmental protection products. The company offers Packaging materials, such as BOPA, BOPP drinking straw, and cigarette packaging materials, and laminated AL films; Electric and optical materials, such as BOPP capacitor and polarizer films; Construction materials comprising woven fabrics and PE-Xc pipes; Personal Healthcare & Clothing materials, such as PE Casting Embossed Film and EasyTexTM and Advertisement & Labeling Material includes PVC Film For Graphics Use.
60GF Score

Get the complete analysis for SZSE:000973

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

¥14.43
Price
¥7.06
GF Value