Zhejiang Hailiang Co (SZSE:002203) EBIT: ¥2,075 Mil (TTM As of Mar. 2026)

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SZSE:002203 Zhejiang Hailiang Co Ltd SZSE:002203
80 GF Score
Price ¥19.08
GF Value ¥11.48
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Zhejiang Hailiang Co EBIT?

Zhejiang Hailiang Co SZSE:002203 -1.19% 80 EBIT is ¥2,075 Mil as of Mar. 2026. GuruFocus rates SZSE:002203 with a GF Score™ of 80/100 and a GF Value™ of ¥11.48 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Zhejiang Hailiang Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥767 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥2,075 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zhejiang Hailiang Co's annualized ROC % for the quarter that ended in Mar. 2026 was 6.10%. Zhejiang Hailiang Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zhejiang Hailiang Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.02%.


Zhejiang Hailiang Co  (SZSE:002203) EBIT Explanation

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

Zhejiang Hailiang 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 )
=3038.136 * ( 1 - 16.87% )/( (38468.892 + 44281.564)/ 2 )
=2525.6024568/41375.228
=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))
=48128.2 - 3619.031 - ( 6040.277 - max(0, 21307.103 - 31159.372+6040.277))
=38468.892

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))
=52190.117 - 3190.378 - ( 4718.175 - max(0, 24797.045 - 35361.97+4718.175))
=44281.564

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

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

Zhejiang Hailiang 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 )
=3067.96/( ( (11241.226 + max(18330.178, 0)) + (11273.701 + max(22677.42, 0)) )/ 2 )
=3067.96/( ( 29571.404 + 33951.121 )/ 2 )
=3067.96/31761.2625
=9.66 %

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)
=(9292.674 + 11791.919 + 2588.32) - (3619.031 + 0 + 1723.704)
=18330.178

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12327.334 + 12209.55 + 3553.346) - (3190.378 + 0 + 2222.432)
=22677.42

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:

Zhejiang Hailiang Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=2074.981/68594.845
=3.02 %

* 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.


Zhejiang Hailiang Co EBIT Related Terms


Zhejiang Hailiang Co EBIT Historical Data

* Premium members only.

The historical data trend for Zhejiang Hailiang 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.

Zhejiang Hailiang Co EBIT Chart

Zhejiang Hailiang 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 1,694.66 1,870.07 1,886.51 1,339.13 1,874.00

Zhejiang Hailiang 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 566.01 615.96 447.94 244.08 766.99

SZSE:002203 vs SCCO, FCX: EBIT Comparison

For the Copper subindustry, Zhejiang Hailiang 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.


Zhejiang Hailiang Co EV-to-EBIT vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Zhejiang Hailiang Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zhejiang Hailiang Co's EV-to-EBIT falls into.


SZSE:002203
80GF Score
Zhejiang Hailiang Co Ltd SZSE:002203
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhejiang Hailiang 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 ¥2,075 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 ¥2,075 Mil mean?
Zhejiang Hailiang Co (SZSE:002203) has a EBIT of ¥2,075 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Zhejiang Hailiang Co.
Is Zhejiang Hailiang Co's EBIT too high?
Zhejiang Hailiang Co's current EBIT is ¥2,075 Mil. Overall, Zhejiang Hailiang Co has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Hailiang Co's EBIT compare to SCCO and FCX?
Zhejiang Hailiang Co's EBIT of ¥2,075 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good EBIT depends on the Metals & Mining 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 Zhejiang Hailiang Co. Zhejiang Hailiang Co's current EBIT is ¥2,075 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Hailiang Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Hailiang Co (SZSE:002203) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥11.48, compared to a current price of ¥19.08 — trading 66.2% above its estimated fair value. The current EBIT is ¥2,075 Mil. Zhejiang Hailiang Co's overall GF Score™ is 80/100 with 5 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 Zhejiang Hailiang Co (SZSE:002203), the current EBIT is ¥2,075 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 Zhejiang Hailiang Co (SZSE:002203) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Hailiang Co stock appears to be overvalued. The current stock price of ¥19.08 is trading 66.2% above its estimated GF Value™ of ¥11.48. GuruFocus considers Zhejiang Hailiang Co to be Significantly Overvalued.

Key valuation signals for SZSE:002203:

  • EBIT: ¥2,075 Mil
  • GF Value™: ¥11.48 vs. price of ¥19.08 (66.2% above fair value)
  • GF Score™: 80/100 with 5 warning signs

No single metric tells the full story. See the SZSE:002203 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiang Hailiang Co Business Description

Address Zhejiang Diankou Town Industrial Zone, Zhejiang Province, Zhuji, CHN, 311835
Zhejiang Hailiang Co Ltd is engaged in the R&D, production, marketing and servicing of copper and copper products. The company is also engaged in manufacturing copper tubes, copper alloy tube and copper rods; and exports copper tubing products.
80GF Score

Get the complete analysis for SZSE:002203

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

¥19.08
Price
¥11.48
GF Value