Beijing UBOX Online Technology (HKSE:02429) Operating Income: HK$-83 Mil (TTM As of Jun. 2026)

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HKSE:02429 Beijing UBOX Online Technology Corp HKSE:02429
54 GF Score
Price HK$1.88
GF Value HK$2.61
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Beijing UBOX Online Technology Operating Income?

Beijing UBOX Online Technology HKSE:02429 +5.92% 54 Operating Income is HK$-83 Mil as of Jun. 2026. GuruFocus rates HKSE:02429 with a GF Score™ of 54/100 and a GF Value™ of HK$2.61 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Beijing UBOX Online Technology's Operating Income for the six months ended in Jun. 2026 was HK$-60 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was HK$-83 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Beijing UBOX Online Technology's Operating Income for the six months ended in Jun. 2026 was HK$-60 Mil. Beijing UBOX Online Technology's Revenue for the six months ended in Jun. 2026 was HK$1,485 Mil. Therefore, Beijing UBOX Online Technology's Operating Margin % for the quarter that ended in Jun. 2026 was -4.02%.

Good Sign:

Beijing UBOX Online Technology Corp operating margin is expanding. Margin expansion is usually a good sign.

Beijing UBOX Online Technology's 5-Year average Growth Rate for Operating Margin % was 36.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Beijing UBOX Online Technology's annualized ROC % for the quarter that ended in Jun. 2026 was -13.53%. Beijing UBOX Online Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -57.72%.


Beijing UBOX Online Technology  (HKSE:02429) Operating Income Explanation

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

Beijing UBOX Online Technology's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=-119.274 * ( 1 - 0% )/( (823.039 + 940.163)/ 2 )
=-119.274/881.601
=-13.53 %

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))
=1921.929 - 336.279 - ( 779.713 - max(0, 574.895 - 1337.506+779.713))
=823.039

Invested Capital(Q: Jun. 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))
=1936.454 - 341.434 - ( 684.257 - max(0, 633.259 - 1288.116+684.257))
=940.163

Note: The Operating Income data used here is two times the semi-annual (Jun. 2026) data.

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

Beijing UBOX Online Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-145.71/( ( (230.733 + max(-183.241, 0)) + (274.177 + max(-160.469, 0)) )/ 2 )
=-145.71/( ( 230.733 + 274.177 )/ 2 )
=-145.71/252.455
=-57.72 %

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)
=(87.914 + 219.939 + 17.326) - (336.279 + 0 + 172.141)
=-183.241

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(85.778 + 255.43 + 18.988) - (341.434 + 0 + 179.231)
=-160.469

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2026) EBIT data.

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

Beijing UBOX Online Technology's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=-59.637/1484.745
=-4.02 %

* 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.

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.


Beijing UBOX Online Technology Operating Income Related Terms


Beijing UBOX Online Technology Operating Income Historical Data

* Premium members only.

The historical data trend for Beijing UBOX Online Technology'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.

Beijing UBOX Online Technology Operating Income Chart

Beijing UBOX Online Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial -157.65 -254.65 -303.17 -134.92 -71.06

Beijing UBOX Online Technology Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -90.43 -45.24 -47.11 -23.45 -59.64
HKSE:02429
54GF Score
Beijing UBOX Online Technology Corp HKSE:02429
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Beijing UBOX Online Technology 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 Jun. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-83 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 HK$-83 Mil mean?
Beijing UBOX Online Technology (HKSE:02429) has a Operating Income of HK$-83 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Beijing UBOX Online Technology and its competitors.
Is Beijing UBOX Online Technology's Operating Income too high?
Beijing UBOX Online Technology's current Operating Income is HK$-83 Mil. Overall, Beijing UBOX Online Technology has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Beijing UBOX Online Technology's Operating Income compare to KR?
Beijing UBOX Online Technology's Operating Income of HK$-83 Mil can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Operating Income depends on the Retail - Defensive 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 Beijing UBOX Online Technology and its competitors. Beijing UBOX Online Technology's current Operating Income is HK$-83 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijing UBOX Online Technology stock overvalued right now?
Based on GuruFocus' analysis, Beijing UBOX Online Technology (HKSE:02429) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$2.61, compared to a current price of HK$1.88 — trading 28% below its estimated fair value. The current Operating Income is HK$-83 Mil. Beijing UBOX Online Technology's overall GF Score™ is 54/100 with 2 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 Beijing UBOX Online Technology (HKSE:02429), the current Operating Income is HK$-83 Mil as of Jun. 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 Beijing UBOX Online Technology (HKSE:02429) Overvalued in 2026?

Based on GuruFocus' analysis, Beijing UBOX Online Technology stock appears to be undervalued. The current stock price of HK$1.88 is trading 28% below its estimated GF Value™ of HK$2.61. GuruFocus considers Beijing UBOX Online Technology to be Modestly Undervalued.

Key valuation signals for HKSE:02429:

  • Operating Income: HK$-83 Mil
  • GF Value™: HK$2.61 vs. price of HK$1.88 (28% below fair value)
  • GF Score™: 54/100 with 2 warning signs

No single metric tells the full story. See the HKSE:02429 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Beijing UBOX Online Technology Business Description

Address West Second Shenyun Road, 4th Floor, Tower A, Tagen Knowledge & Innovation Center, Nanshan, Shenzhen, CHN
Beijing UBOX Online Technology Corp is a vending machine operator in mainland China. It has four segments: Unmanned retail business, Merchandise wholesale, Advertising and system support services, and Others. The key revenue is generated from Unmanned retail business which consists of sales of fast-moving consumer goods such as food and beverage to end customers through a network of vending machines located at the POSs developed by the Group or POSs partners. All of the businesses of the Group are carried out in the PRC.
54GF Score

Get the complete analysis for HKSE:02429

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

HK$1.88
Price
HK$2.61
GF Value