SGHIF (Shanghai Industrial Holdings) Operating Income: $376 Mil (TTM As of Dec. 2025)

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SGHIF Shanghai Industrial Holdings Ltd SGHIF
48 GF Score
Price $1.46
GF Value $1.00
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Shanghai Industrial Holdings Operating Income?

Shanghai Industrial Holdings SGHIF 48 Operating Income is $376 Mil as of Dec. 2025. GuruFocus rates SGHIF with a GF Score™ of 48/100 and a GF Value™ of $1.00 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Shanghai Industrial Holdings's Operating Income for the six months ended in Dec. 2025 was $202 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $376 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Shanghai Industrial Holdings's Operating Income for the six months ended in Dec. 2025 was $202 Mil. Shanghai Industrial Holdings's Revenue for the six months ended in Dec. 2025 was $1,459 Mil. Therefore, Shanghai Industrial Holdings's Operating Margin % for the quarter that ended in Dec. 2025 was 13.86%.

Warning Sign:

Shanghai Industrial Holdings Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -10.8%.

Shanghai Industrial Holdings's 5-Year average Growth Rate for Operating Margin % was -10.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanghai Industrial Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 1.53%. Shanghai Industrial Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 17.56%.

Shanghai Industrial Holdings  (OTCPK:SGHIF) Operating Income Explanation

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

Shanghai Industrial 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: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=404.544 * ( 1 - 40.6% )/( (15614.189 + 15892.59)/ 2 )
=240.299136/15753.3895
=1.53 %

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))
=21095.356 - 2000.003 - ( 3481.164 - max(0, 4357.341 - 8387.714+3481.164))
=15614.189

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))
=21201.639 - 1455.17 - ( 3853.879 - max(0, 4574.877 - 9213.859+3853.879))
=15892.59

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:

Shanghai Industrial 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: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=616.504/( ( (895.554 + max(2602.199, 0)) + (846.325 + max(2676.162, 0)) )/ 2 )
=616.504/( ( 3497.753 + 3522.487 )/ 2 )
=616.504/3510.12
=17.56 %

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)
=(1551.476 + 3086.105 + 140.776) - (2000.003 + 0 + 176.155)
=2602.199

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1037.582 + 3718.419 + 277.021) - (1455.17 + 0 + 901.69)
=2676.162

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 %:

Shanghai Industrial 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 )
=202.272/1459.424
=13.86 %

* 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.

Shanghai Industrial Holdings Operating Income Related Terms

Shanghai Industrial Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Shanghai Industrial 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.

Shanghai Industrial Holdings Operating Income Chart

Shanghai Industrial 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 1,510.52 779.35 1,239.35 619.13 377.38

Shanghai Industrial Holdings 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 907.23 268.37 349.49 173.59 202.27
SGHIF
48GF Score
Shanghai Industrial Holdings Ltd SGHIF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai Industrial 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 semi-annually data reported by the company within the most recent 12 months, which was $376 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 $376 Mil mean?
Shanghai Industrial Holdings (SGHIF) has a Operating Income of $376 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Shanghai Industrial Holdings and its competitors.
Is Shanghai Industrial Holdings' Operating Income too high?
Shanghai Industrial Holdings' current Operating Income is $376 Mil. Overall, Shanghai Industrial Holdings has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Industrial Holdings' Operating Income compare to MMM and HON?
Shanghai Industrial Holdings' Operating Income of $376 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Operating Income depends on the Conglomerates 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 Shanghai Industrial Holdings and its competitors. Shanghai Industrial Holdings's current Operating Income is $376 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Industrial Holdings stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Industrial Holdings (SGHIF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.00, compared to a current price of $1.46 — trading 46% above its estimated fair value. The current Operating Income is $376 Mil. Shanghai Industrial Holdings' overall GF Score™ is 48/100 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 Shanghai Industrial Holdings (SGHIF), the current Operating Income is $376 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 Shanghai Industrial Holdings (SGHIF) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Industrial Holdings stock appears to be overvalued. The current stock price of $1.46 is trading 46% above its estimated GF Value™ of $1.00. GuruFocus considers Shanghai Industrial Holdings to be Significantly Overvalued.

Key valuation signals for SGHIF:

  • Operating Income: $376 Mil
  • GF Value™: $1.00 vs. price of $1.46 (46% above fair value)
  • GF Score™: 48/100 with 6 warning signs

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

Shanghai Industrial Holdings Business Description

Other Exchanges 00363:Hong KongSGI:Germany
Address 39 Gloucester Road, Wanchai, 26th Floor, Harcourt House, Hong Kong, HKG
Shanghai Industrial Holdings Ltd is engaged in the real estate sector. It operates in four segments Infrastructure and environmental protection which includes investment in toll road/bridge projects and water services/clean energy businesses, Real estate which includes property development and investment and hotel operation, Consumer products which includes manufacture and sale of cigarettes, packaging materials, and printed products, Comprehensive healthcare operations which includes manufacture and sales of pharmaceutical and healthcare products, provision of distribution and supply chain solutions services and operation and franchise of a network of retail pharmacies Its geographical segments are China, Asia, Hong Kong, and others, of which the majority of its revenue comes from China.
48GF Score

Get the complete analysis for SGHIF

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

$1.46
Price
$1.00
GF Value