China Resources Building Materials Technology Holdings (FRA:C44) Operating Income: €94 Mil (TTM As of Dec. 2025)

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FRA:C44 China Resources Building Materials Technology Holdings Ltd FRA:C44
48 GF Score
Price €0.10
GF Value €0.17
Valuation Possible Value Trap
! 5 Warning Signs
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What is China Resources Building Materials Technology Holdings Operating Income?

China Resources Building Materials Technology Holdings FRA:C44 48 Operating Income is €94 Mil as of Dec. 2025. GuruFocus rates FRA:C44 with a GF Score™ of 48/100 and a GF Value™ of €0.17 (Possible Value Trap). The stock has 5 warning signs investors should review.

China Resources Building Materials Technology Holdings's Operating Income for the three months ended in Dec. 2025 was €32 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €94 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. China Resources Building Materials Technology Holdings's Operating Income for the three months ended in Dec. 2025 was €32 Mil. China Resources Building Materials Technology Holdings's Revenue for the three months ended in Dec. 2025 was €726 Mil. Therefore, China Resources Building Materials Technology Holdings's Operating Margin % for the quarter that ended in Dec. 2025 was 4.42%.

Warning Sign:

China Resources Building Materials Technology Holdings Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -36.5%.

China Resources Building Materials Technology Holdings's 5-Year average Growth Rate for Operating Margin % was -36.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Resources Building Materials Technology Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 0.81%. China Resources Building Materials Technology Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 3.42%.


China Resources Building Materials Technology Holdings  (FRA:C44) Operating Income Explanation

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

China Resources Building Materials Technology Holdings'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: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=128.304 * ( 1 - 49.15% )/( (8054.174 + 8154.15)/ 2 )
=65.242584/8104.162
=0.81 %

where

Invested Capital(Q: Sep. 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))
=8610.968 - 998.836 - ( 402.011 - max(0, 1466.454 - 1024.412+402.011))
=8054.174

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))
=8535.332 - 939.654 - ( 291.207 - max(0, 1424.936 - 866.464+291.207))
=8154.15

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

China Resources Building Materials Technology Holdings'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: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=178.084/( ( (4188.564 + max(-499.358, 0)) + (6236.011 + max(-558.995, 0)) )/ 2 )
=178.084/( ( 4188.564 + 6236.011 )/ 2 )
=178.084/5212.2875
=3.42 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(264.721 + 231.749 + 3.008) - (998.836 + 0 + 0)
=-499.358

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(225.599 + 220.588 + 60.046) - (939.654 + 0 + 125.574)
=-558.995

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

China Resources Building Materials Technology Holdings'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 )
=32.076/725.716
=4.42 %

* 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 Resources Building Materials Technology Holdings Operating Income Related Terms


China Resources Building Materials Technology Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for China Resources Building Materials Technology Holdings'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.

China Resources Building Materials Technology Holdings Operating Income Chart

China Resources Building Materials Technology Holdings 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 1,064.83 244.28 126.88 107.62 93.17

China Resources Building Materials Technology Holdings Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 18.76 25.96 29.44 6.77 32.08
FRA:C44
48GF Score
China Resources Building Materials Technology Holdings Ltd FRA:C44
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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China Resources Building Materials Technology Holdings 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 quarterly data reported by the company within the most recent 12 months, which was €94 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 €94 Mil mean?
China Resources Building Materials Technology Holdings (FRA:C44) has a Operating Income of €94 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on China Resources Building Materials Technology Holdings and its competitors.
Is China Resources Building Materials Technology Holdings' Operating Income too high?
China Resources Building Materials Technology Holdings' current Operating Income is €94 Mil. Overall, China Resources Building Materials Technology Holdings has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Resources Building Materials Technology Holdings' Operating Income compare to CRH and VMC?
China Resources Building Materials Technology Holdings' Operating Income of €94 Mil can be compared against companies in the Building Materials 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 Building Materials company?
A good Operating Income depends on the Building Materials 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 Resources Building Materials Technology Holdings and its competitors. China Resources Building Materials Technology Holdings's current Operating Income is €94 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Resources Building Materials Technology Holdings stock overvalued right now?
Based on GuruFocus' analysis, China Resources Building Materials Technology Holdings (FRA:C44) is currently considered Possible Value Trap. The stock's GF Value™ is €0.17, compared to a current price of €0.10 — trading 38.8% below its estimated fair value. The current Operating Income is €94 Mil. China Resources Building Materials Technology Holdings' overall GF Score™ is 48/100 with 5 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 Resources Building Materials Technology Holdings (FRA:C44), the current Operating Income is €94 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 Resources Building Materials Technology Holdings (FRA:C44) Overvalued in 2026?

Based on GuruFocus' analysis, China Resources Building Materials Technology Holdings stock appears to be undervalued. The current stock price of €0.10 is trading 38.8% below its estimated GF Value™ of €0.17. GuruFocus considers China Resources Building Materials Technology Holdings to be Possible Value Trap.

Key valuation signals for FRA:C44:

  • Operating Income: €94 Mil
  • GF Value™: €0.17 vs. price of €0.10 (38.8% below fair value)
  • GF Score™: 48/100 with 5 warning signs

No single metric tells the full story. See the FRA:C44 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Resources Building Materials Technology Holdings Business Description

Other Exchanges 01313:Hong KongC44:Germany
Address 26 Harbour Road, Room 3001-05, China Resources Building, Wanchai, Hong Kong, HKG
CRBM mainly engages in the production and sale of cement, clinker, and concrete in Southern China. The company was established in 2003, with parent company China Resources Group holding around 68% of the total equity stake. While cement and clinker products have been the largest contributors to CRBM's earnings historically, the firm has forayed into related sectors such as aggregates and engineered stones in recent years. Its major customers include real estate and infrastructure builders in provinces such as Guangdong, Guangxi, and Fujian.
48GF Score

Get the complete analysis for FRA:C44

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

€0.10
Price
€0.17
GF Value