CUCSF (China Communications Services) Operating Income: $390 Mil (TTM As of Dec. 2025)

What is China Communications Services Operating Income?

China Communications Services CUCSF 86 Operating Income is $390 Mil as of Dec. 2025. GuruFocus rates CUCSF with a GF Score™ of 86/100 and a GF Value™ of $0.61. The stock has 3 warning signs investors should review.

China Communications Services's Operating Income for the six months ended in Dec. 2025 was $139 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $390 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. China Communications Services's Operating Income for the six months ended in Dec. 2025 was $139 Mil. China Communications Services's Revenue for the six months ended in Dec. 2025 was $10,386 Mil. Therefore, China Communications Services's Operating Margin % for the quarter that ended in Dec. 2025 was 1.34%.

Warning Sign:

China Communications Services Corp Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -4.1%.

China Communications Services's 5-Year average Growth Rate for Operating Margin % was -4.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Communications Services's annualized ROC % for the quarter that ended in Dec. 2025 was 3.85%. China Communications Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 40.42%.

China Communications Services (OTCPK:CUCSF) Operating Income Explanation

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

China Communications Services's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

	ROC % (Q: Dec. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	277.974 * ( 1 - 8.17% )	/	( (6422.784	+	6827.364)	/ 2 )
=	255.2635242	/	6625.074
=	3.85 %

where

	Invested Capital		(Q: Jun. 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	))
=	19253.553	-	10848.059	-	( 1982.71	-	max(0, 12318.125	-	14378.157	+	1982.71	))
=	6422.784

	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	))
=	19406.212	-	10278.347	-	( 2601.028	-	max(0, 12153.712	-	14454.213	+	2601.028	))
=	6827.364

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

China Communications Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2025		Q: Dec. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	489.378	/	( ( (1199.31 + max(-5421.975, 0))	+	(1222.059 + max(-6669.296, 0)) )	/	2 )
=	489.378	/	( ( 1199.31	+	1222.059 )	/	2 )
=	489.378	/	1210.6845
=	40.42 %

where Working Capital is:

	Working Capital		(Q: Jun. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4384.043	+	293.866	+	2053.663)	-	(10848.059	+	0	+	1305.488)
=	-5421.975

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3461.734	+	167.757	+	1683.882)	-	(10278.347	+	0	+	1704.322)
=	-6669.296

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

China Communications Services's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2025 )	/	Revenue (Q: Dec. 2025 )
	=	138.987	/	10386.381
	=	1.34 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

China Communications Services Operating Income Related Terms

China Communications Services Operating Income Historical Data

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The historical data trend for China Communications Services's Operating Income can be seen below:

China Communications Services Operating Income Chart

China Communications Services Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

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439.54

375.16

393.35

380.02

394.75

China Communications Services Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Operating Income	Get a 7-Day Free Trial															157.11	233.06	147.79	250.88	138.99

86GF Score

China Communications Services Corp Ltd CUCSF

Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.

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China Communications Services Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $390 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $390 Mil mean?

China Communications Services (CUCSF) has a Operating Income of $390 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on China Communications Services and its competitors.

Is China Communications Services' Operating Income too high?

China Communications Services' current Operating Income is $390 Mil. Overall, China Communications Services has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.

How does China Communications Services' Operating Income compare to TMUS and VZ?

China Communications Services' Operating Income of $390 Mil can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Operating Income for a Telecommunication Services company?

A good Operating Income depends on the Telecommunication Services industry context. However, Operating Income 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 Operating Income mean?

A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on China Communications Services and its competitors. China Communications Services's current Operating Income is $390 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is China Communications Services stock overvalued right now?

China Communications Services (CUCSF) has a current Operating Income of $390 Mil. The stock's GF Value™ is $0.61, compared to a current price of $0.54 — trading 11.5% below its estimated fair value. The current Operating Income is $390 Mil. China Communications Services' overall GF Score™ is 86/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Operating Income calculated?

Operating Income is calculated from a company's financial statements. For China Communications Services (CUCSF), the current Operating Income is $390 Mil as of Dec. 2025. 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 Communications Services (CUCSF) Overvalued in 2026?

Based on GuruFocus' analysis, China Communications Services stock appears to be undervalued. The current stock price of $0.54 is trading 11.5% below its estimated GF Value™ of $0.61.

Key valuation signals for CUCSF:

Operating Income: $390 Mil
GF Value™: $0.61 vs. price of $0.54 (11.5% below fair value)
GF Score™: 86/100 with 3 warning signs

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

China Communications Services Business Description

Industry Communication Services Telecommunication Services

Comparable Companies HKSE:00008 HKSE:01883 HKSE:01310 HKSE:02597 HKSE:00215 HKSE:00315 HKSE:01045 HKSE:02477 HKSE:00524 HKSE:01723 TSE:9984 SHSE:600941 TMUS VZ T XTER:DTE NSE:BHARTIARTL CMCSA XZIM:ECO.ZW HKSE:00728

Other Exchanges CUCSY:USA 00552:Hong Kong CMW:Germany

Address Fenghuangzui Street, Block No.1, Compound No.1, Fengtai District, Beijing, CHN, 100073

Website https://www.chinaccs.com.hk

China Communications Services Corp Ltd is a primary service provider in the People's Republic of China that provides integrated comprehensive smart solutions in the field of digital intelligence. The group offers telecommunications infrastructure services, including design, construction and project supervision and management; business process outsourcing services, including management of infrastructure for information technology, general facilities management, supply chain and products distribution; and applications, content and other services, including system integration, software development and system support, and value-added services. It has one operating segment, which is the provision of integrated comprehensive smart solutions in the field of informatisation and digitalisation.

86GF Score

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

$0.54

Price

$0.61

GF Value

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