Zhongtian Construction (Hunan) Group (HKSE:02433) Operating Income: HK$-5.8 Mil (TTM As of Dec. 2025)

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What is Zhongtian Construction (Hunan) Group Operating Income?

Zhongtian Construction (Hunan) Group HKSE:02433 Operating Income is HK$-5.8 Mil as of Dec. 2025. The stock has 4 warning signs investors should review.

Zhongtian Construction (Hunan) Group's Operating Income for the six months ended in Dec. 2025 was HK$-10.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-5.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Zhongtian Construction (Hunan) Group's Operating Income for the six months ended in Dec. 2025 was HK$-10.9 Mil. Zhongtian Construction (Hunan) Group's Revenue for the six months ended in Dec. 2025 was HK$264.9 Mil. Therefore, Zhongtian Construction (Hunan) Group's Operating Margin % for the quarter that ended in Dec. 2025 was -4.10%.

Zhongtian Construction (Hunan) Group's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zhongtian Construction (Hunan) Group's annualized ROC % for the quarter that ended in Dec. 2025 was -2.21%. Zhongtian Construction (Hunan) Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -898.64%.


Zhongtian Construction (Hunan) Group  (HKSE:02433) Operating Income Explanation

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

Zhongtian Construction (Hunan) 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 )
=-21.738 * ( 1 - 4.48% )/( (1292.281 + 590.119)/ 2 )
=-20.7641376/941.2
=-2.21 %

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))
=2560.117 - 1223.371 - ( 44.465 - max(0, 2034.721 - 2517.228+44.465))
=1292.281

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))
=2262.8 - 1640.086 - ( 32.595 - max(0, 1796.968 - 2217.253+32.595))
=590.119

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:

Zhongtian Construction (Hunan) 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 )
=-130.622/( ( (15.472 + max(-1306.788, 0)) + (13.599 + max(-1306.989, 0)) )/ 2 )
=-130.622/( ( 15.472 + 13.599 )/ 2 )
=-130.622/14.5355
=-898.64 %

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)
=(359.108 + 0.152 + 266.918) - (1223.371 + 0 + 709.595)
=-1306.788

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(309.87 + 0.4 + 76.982) - (1640.086 + 0 + 54.155)
=-1306.989

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 %:

Zhongtian Construction (Hunan) 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 )
=-10.869/264.904
=-4.10 %

* 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.


Zhongtian Construction (Hunan) Group Operating Income Related Terms


Zhongtian Construction (Hunan) Group Operating Income Historical Data

* Premium members only.

The historical data trend for Zhongtian Construction (Hunan) 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.

Zhongtian Construction (Hunan) Group Operating Income Chart

Zhongtian Construction (Hunan) Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 93.11 92.74 84.51 11.41 -5.79

Zhongtian Construction (Hunan) Group Semi-Annual Data
Dec19 Dec20 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 50.09 4.64 6.81 5.02 -10.87

Zhongtian Construction (Hunan) 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 HK$-5.8 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$-5.8 Mil mean?
Zhongtian Construction (Hunan) Group (HKSE:02433) has a Operating Income of HK$-5.8 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Zhongtian Construction (Hunan) Group and its competitors.
Is Zhongtian Construction (Hunan) Group's Operating Income too high?
Zhongtian Construction (Hunan) Group's current Operating Income is HK$-5.8 Mil.
How does Zhongtian Construction (Hunan) Group's Operating Income compare to PWR and FIX?
Zhongtian Construction (Hunan) Group's Operating Income of HK$-5.8 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 Zhongtian Construction (Hunan) Group and its competitors. Zhongtian Construction (Hunan) Group's current Operating Income is HK$-5.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhongtian Construction (Hunan) Group stock overvalued right now?
Based on GuruFocus' analysis, Zhongtian Construction (Hunan) Group (HKSE:02433) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.05, compared to a current price of HK$0.07 — trading 34% above its estimated fair value. The current Operating Income is HK$-5.8 Mil. 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 Zhongtian Construction (Hunan) Group (HKSE:02433), the current Operating Income is HK$-5.8 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.

Zhongtian Construction (Hunan) Group Business Description

Address Jinlong East Road, Phase 1 Research Building, No. 298, Hetang District, Hunan Province, Zhuzhou, CHN
Zhongtian Construction (Hunan) Group Ltd investment holding company. The company is principally engaged in the provision of construction services in the PRC. It focuses on the provision of construction services comprising civil building construction services, provision of construction contracting mainly as general contractor for residential, industrial; municipal works construction services, which mainly consist of the construction of urban roads, education institutions, sports stadiums and water supply works; foundation works services which include foundation construction as well as earthwork construction; prefabricated steel structure construction services; and other specialized contracting works which include building renovation and decoration construction specialized contracting.