Tsinghua Tongfang Co (SHSE:600100) Operating Income: ¥300 Mil (TTM As of Mar. 2026)

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SHSE:600100 Tsinghua Tongfang Co Ltd SHSE:600100
53 GF Score
Price ¥6.68
GF Value ¥4.41
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Tsinghua Tongfang Co Operating Income?

Tsinghua Tongfang Co SHSE:600100 -2.91% 53 Operating Income is ¥300 Mil as of Mar. 2026. GuruFocus rates SHSE:600100 with a GF Score™ of 53/100 and a GF Value™ of ¥4.41 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Tsinghua Tongfang Co's Operating Income for the three months ended in Mar. 2026 was ¥-186 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ¥300 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tsinghua Tongfang Co's Operating Income for the three months ended in Mar. 2026 was ¥-186 Mil. Tsinghua Tongfang Co's Revenue for the three months ended in Mar. 2026 was ¥1,793 Mil. Therefore, Tsinghua Tongfang Co's Operating Margin % for the quarter that ended in Mar. 2026 was -10.39%.

Warning Sign:

Tsinghua Tongfang Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -14.2%.

Tsinghua Tongfang Co's 5-Year average Growth Rate for Operating Margin % was -14.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tsinghua Tongfang Co's annualized ROC % for the quarter that ended in Mar. 2026 was -2.29%. Tsinghua Tongfang Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -15.00%.


Tsinghua Tongfang Co  (SHSE:600100) Operating Income Explanation

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

Tsinghua Tongfang 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 )
=-745.108 * ( 1 - 0% )/( (31909.14 + 33118.823)/ 2 )
=-745.108/32513.9815
=-2.29 %

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))
=49203.613 - 10478.175 - ( 6816.298 - max(0, 16870.007 - 24316.504+6816.298))
=31909.14

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))
=48727.919 - 9955.724 - ( 6040.528 - max(0, 18449.845 - 24103.217+6040.528))
=33118.823

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

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

Tsinghua Tongfang 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 )
=-639.368/( ( (3276.087 + max(598.205, 0)) + (3205.707 + max(1444.97, 0)) )/ 2 )
=-639.368/( ( 3874.292 + 4650.677 )/ 2 )
=-639.368/4262.4845
=-15.00 %

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)
=(6773.168 + 6922.035 + 870.349) - (10478.175 + 0 + 3489.172)
=598.205

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6116.641 + 7934.128 + 1205.566) - (9955.724 + 0 + 3855.641)
=1444.97

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 %:

Tsinghua Tongfang 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 )
=-186.277/1793.212
=-10.39 %

* 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.


Tsinghua Tongfang Co Operating Income Related Terms


Tsinghua Tongfang Co Operating Income Historical Data

* Premium members only.

The historical data trend for Tsinghua Tongfang 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.

Tsinghua Tongfang Co Operating Income Chart

Tsinghua Tongfang 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 761.88 470.48 633.97 295.27 336.24

Tsinghua Tongfang 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 -149.79 227.65 -209.43 467.82 -186.28
SHSE:600100
53GF Score
Tsinghua Tongfang Co Ltd SHSE:600100
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Tsinghua Tongfang 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 ¥300 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 ¥300 Mil mean?
Tsinghua Tongfang Co (SHSE:600100) has a Operating Income of ¥300 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tsinghua Tongfang Co and its competitors.
Is Tsinghua Tongfang Co's Operating Income too high?
Tsinghua Tongfang Co's current Operating Income is ¥300 Mil. Overall, Tsinghua Tongfang Co has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tsinghua Tongfang Co's Operating Income compare to DELL and ANET?
Tsinghua Tongfang Co's Operating Income of ¥300 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Operating Income depends on the Hardware 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 Tsinghua Tongfang Co and its competitors. Tsinghua Tongfang Co's current Operating Income is ¥300 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsinghua Tongfang Co stock overvalued right now?
Based on GuruFocus' analysis, Tsinghua Tongfang Co (SHSE:600100) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥4.41, compared to a current price of ¥6.68 — trading 51.5% above its estimated fair value. The current Operating Income is ¥300 Mil. Tsinghua Tongfang Co's overall GF Score™ is 53/100 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 Tsinghua Tongfang Co (SHSE:600100), the current Operating Income is ¥300 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 Tsinghua Tongfang Co (SHSE:600100) Overvalued in 2026?

Based on GuruFocus' analysis, Tsinghua Tongfang Co stock appears to be overvalued. The current stock price of ¥6.68 is trading 51.5% above its estimated GF Value™ of ¥4.41. GuruFocus considers Tsinghua Tongfang Co to be Significantly Overvalued.

Key valuation signals for SHSE:600100:

  • Operating Income: ¥300 Mil
  • GF Value™: ¥4.41 vs. price of ¥6.68 (51.5% above fair value)
  • GF Score™: 53/100 with 6 warning signs

No single metric tells the full story. See the SHSE:600100 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tsinghua Tongfang Co Business Description

Address No. 1 Wangzhuang Road, 30th Floor, Tower A, Tsinghua Tongfang Technology Building, Haidian District, Beijing, CHN, 100083
Tsinghua Tongfang Co Ltd is a China-based company engaged in to the industrial fields of nuclear technology application, smart energy, and digital information. Its business model is manufacturing and software and information technology service industries. Its products are security inspection equipment, CNKI knowledge data products, data applications, urban heating networks, rail transit intelligence, heat pump energy-saving products, lighting and scientific and industrial equipment, computers and peripheral products, and other commercial and consumer electronic equipment, technological financial services to help promote technological innovation and development, and Others.
53GF Score

Get the complete analysis for SHSE:600100

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

¥6.68
Price
¥4.41
GF Value