Zhong An Group (FRA:35Z) Operating Income: €2 Mil (TTM As of Dec. 2025)

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FRA:35Z Zhong An Group Ltd FRA:35Z
43 GF Score
Price €0.00
GF Value €0.01
! 8 Warning Signs
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What is Zhong An Group Operating Income?

Zhong An Group FRA:35Z -20.00% 43 Operating Income is €2 Mil as of Dec. 2025. GuruFocus rates FRA:35Z with a GF Score™ of 43/100 and a GF Value™ of €0.01. The stock has 8 warning signs investors should review.

Zhong An Group's Operating Income for the six months ended in Dec. 2025 was €-44 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Zhong An Group's Operating Income for the six months ended in Dec. 2025 was €-44 Mil. Zhong An Group's Revenue for the six months ended in Dec. 2025 was €269 Mil. Therefore, Zhong An Group's Operating Margin % for the quarter that ended in Dec. 2025 was -16.40%.

Warning Sign:

Zhong An Group Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -46.6%.

Zhong An Group's 5-Year average Growth Rate for Operating Margin % was -46.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zhong An Group's annualized ROC % for the quarter that ended in Dec. 2025 was -3.31%. Zhong An Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -27.63%.


Zhong An Group  (FRA:35Z) Operating Income Explanation

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

Zhong An Group'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 )
=-88.148 * ( 1 - 0% )/( (2716.209 + 2614.472)/ 2 )
=-88.148/2665.3405
=-3.31 %

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))
=3744.452 - 910.157 - ( 118.086 - max(0, 1436.626 - 2300.054+118.086))
=2716.209

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))
=3506.604 - 836.957 - ( 55.175 - max(0, 1349.113 - 2007.809+55.175))
=2614.472

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:

Zhong An Group'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 )
=-202.58/( ( (264.299 + max(455.419, 0)) + (290.496 + max(456.253, 0)) )/ 2 )
=-202.58/( ( 719.718 + 746.749 )/ 2 )
=-202.58/733.2335
=-27.63 %

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)
=(37.752 + 1737.836 + 25.54) - (910.157 + 0 + 435.552)
=455.419

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(109.524 + 1447.057 + 167.071) - (836.957 + 0 + 430.442)
=456.253

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 %:

Zhong An Group'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 )
=-44.074/268.67
=-16.40 %

* 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.


Zhong An Group Operating Income Related Terms


Zhong An Group Operating Income Historical Data

* Premium members only.

The historical data trend for Zhong An Group's Operating Income 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.

Zhong An Group Operating Income Chart

Zhong An Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.50 210.08 76.97 209.73 2.23

Zhong An Group 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 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 51.24 186.16 19.04 46.12 -44.07
FRA:35Z
43GF Score
Zhong An Group Ltd FRA:35Z
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Zhong An Group 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 €2 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 Operating Income →
What does a Operating Income of €2 Mil mean?
Zhong An Group (FRA:35Z) has a Operating Income of €2 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Zhong An Group and its competitors.
Is Zhong An Group's Operating Income too high?
Zhong An Group's current Operating Income is €2 Mil. Overall, Zhong An Group has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Zhong An Group's Operating Income compare to competitors?
Zhong An Group's Operating Income of €2 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good Operating Income depends on the Real Estate 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 Zhong An Group and its competitors. Zhong An Group's current Operating Income is €2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhong An Group stock overvalued right now?
Zhong An Group (FRA:35Z) has a current Operating Income of €2 Mil. The stock's GF Value™ is €0.01, compared to a current price of €0.00 — trading 60% below its estimated fair value. The current Operating Income is €2 Mil. Zhong An Group's overall GF Score™ is 43/100 with 8 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 Zhong An Group (FRA:35Z), the current Operating Income is €2 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 Zhong An Group (FRA:35Z) Overvalued in 2026?

Based on GuruFocus' analysis, Zhong An Group stock appears to be undervalued. The current stock price of €0.00 is trading 60% below its estimated GF Value™ of €0.01.

Key valuation signals for FRA:35Z:

  • Operating Income: €2 Mil
  • GF Value™: €0.01 vs. price of €0.00 (60% below fair value)
  • GF Score™: 43/100 with 8 warning signs

No single metric tells the full story. See the FRA:35Z stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhong An Group Business Description

Other Exchanges 00672:Hong Kong
Address No. 996, Xiaoshao Road, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 311201
Zhong An Group Ltd is an investment holding. It is engaged in property development, property leasing, and hotel operations. The operating segments of the group are the the Residential segment develops and sells residential properties, and provides property management services, project management services and other services to residential properties in Chinese Mainland and Canada; and the commercial segment develops and sells commercial properties, leases investment properties, owns and operates hotels and provides project management services and other services to commercial properties in Chinese Mainland, Japan and United Kingdom. It generates the majority of the revenue from the Residential segment.
43GF Score

Get the complete analysis for FRA:35Z

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

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