China Yangtze Power Co (LSE:CYPC) Operating Income: $6,763 Mil (TTM As of Mar. 2026)

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LSE:CYPC China Yangtze Power Co Ltd LSE:CYPC
81 GF Score
Price $40.40
GF Value $43.88
Valuation Fairly Valued
! 6 Warning Signs
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What is China Yangtze Power Co Operating Income?

China Yangtze Power Co LSE:CYPC 81 Operating Income is $6,763 Mil as of Mar. 2026. GuruFocus rates LSE:CYPC with a GF Score™ of 81/100 and a GF Value™ of $43.88 (Fairly Valued). The stock has 6 warning signs investors should review.

China Yangtze Power Co's Operating Income for the three months ended in Mar. 2026 was $1,296 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $6,763 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. China Yangtze Power Co's Operating Income for the three months ended in Mar. 2026 was $1,296 Mil. China Yangtze Power Co's Revenue for the three months ended in Mar. 2026 was $2,628 Mil. Therefore, China Yangtze Power Co's Operating Margin % for the quarter that ended in Mar. 2026 was 49.30%.

Warning Sign:

China Yangtze Power Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -1.6%.

China Yangtze Power Co's 5-Year average Growth Rate for Operating Margin % was -1.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Yangtze Power Co's annualized ROC % for the quarter that ended in Mar. 2026 was 4.76%. China Yangtze Power Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.68%.


China Yangtze Power Co  (LSE:CYPC) Operating Income Explanation

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

China Yangtze Power Co's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=5182.544 * ( 1 - 15.99% )/( (89980.927 + 92888.338)/ 2 )
=4353.8552144/91434.6325
=4.76 %

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))
=79396.913 - 4345.48 - ( 651.104 - max(0, 16887.167 - 1957.673+651.104))
=89980.927

Invested Capital(Q: Mar. 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))
=81541.258 - 3637.4 - ( 1165.999 - max(0, 17643.523 - 2659.043+1165.999))
=92888.338

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

China Yangtze Power Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5993.156/( ( (61500.281 + max(-3506.428, 0)) + (62386.226 + max(-2597.42, 0)) )/ 2 )
=5993.156/( ( 61500.281 + 62386.226 )/ 2 )
=5993.156/61943.2535
=9.68 %

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)
=(1029.624 + 118.781 + 109.213) - (4345.48 + 0 + 418.566)
=-3506.428

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1241.932 + 121.973 + 100.475) - (3637.4 + 0 + 424.4)
=-2597.42

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

China Yangtze Power Co's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=1295.636/2627.87
=49.30 %

* 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 Yangtze Power Co Operating Income Related Terms


China Yangtze Power Co Operating Income Historical Data

* Premium members only.

The historical data trend for China Yangtze Power Co'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 Yangtze Power Co Operating Income Chart

China Yangtze Power Co 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 4,996.44 5,175.50 5,776.17 6,230.31 6,654.15

China Yangtze Power Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1,096.84 1,435.63 2,631.49 1,400.13 1,295.64
LSE:CYPC
81GF Score
China Yangtze Power Co Ltd LSE:CYPC
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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China Yangtze Power Co 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $6,763 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 $6,763 Mil mean?
China Yangtze Power Co (LSE:CYPC) has a Operating Income of $6,763 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on China Yangtze Power Co and its competitors.
Is China Yangtze Power Co's Operating Income too high?
China Yangtze Power Co's current Operating Income is $6,763 Mil. Overall, China Yangtze Power Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Yangtze Power Co's Operating Income compare to competitors?
China Yangtze Power Co's Operating Income of $6,763 Mil can be compared against companies in the Utilities - Independent Power Producers 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 an Utilities - Independent Power Producers company?
A good Operating Income depends on the Utilities - Independent Power Producers 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 Yangtze Power Co and its competitors. China Yangtze Power Co's current Operating Income is $6,763 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Yangtze Power Co stock overvalued right now?
Based on GuruFocus' analysis, China Yangtze Power Co (LSE:CYPC) is currently considered Fairly Valued. The stock's GF Value™ is $43.88, compared to a current price of $40.40 — trading 7.9% below its estimated fair value. The current Operating Income is $6,763 Mil. China Yangtze Power Co's overall GF Score™ is 81/100 with 6 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 Yangtze Power Co (LSE:CYPC), the current Operating Income is $6,763 Mil as of Mar. 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 China Yangtze Power Co (LSE:CYPC) Overvalued in 2026?

Based on GuruFocus' analysis, China Yangtze Power Co stock appears to be undervalued. The current stock price of $40.40 is trading 7.9% below its estimated GF Value™ of $43.88. GuruFocus considers China Yangtze Power Co to be Fairly Valued.

Key valuation signals for LSE:CYPC:

  • Operating Income: $6,763 Mil
  • GF Value™: $43.88 vs. price of $40.40 (7.9% below fair value)
  • GF Score™: 81/100 with 6 warning signs

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


China Yangtze Power Co Business Description

Other Exchanges CYZB:Germany600900:China
Address No. 88 Sanyang Road, Jiang\'an District, Hubei Province, Wuhan City, CHN, 430014
China Yangtze Power Co Ltd business activities include hydroelectric power generation, power distribution and sales, overseas power station's operation, management, consultation services, investment, and financing. It has also established its power distribution and sales platforms such as Three Gorges Water Conservancy and Peru LuzdelSur. The company owns the power generation assets of four hydropower plants on the mainstream of the Yangtze River, namely Three Gorges, Gezhouba, Xiluodu, and Xiangjiaba.
81GF Score

Get the complete analysis for LSE:CYPC

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

$40.40
Price
$43.88
GF Value