Grinm Advanced Materials Co (SHSE:600206) Operating Income: ¥517 Mil (TTM As of Jun. 2026)

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SHSE:600206 Grinm Advanced Materials Co Ltd SHSE:600206
49 GF Score
Price ¥51.15
GF Value ¥21.69
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Grinm Advanced Materials Co Operating Income?

Grinm Advanced Materials Co SHSE:600206 -2.61% 49 Operating Income is ¥517 Mil as of Jun. 2026. GuruFocus rates SHSE:600206 with a GF Score™ of 49/100 and a GF Value™ of ¥21.69 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Grinm Advanced Materials Co's Operating Income for the three months ended in Jun. 2026 was ¥137 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ¥517 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Grinm Advanced Materials Co's Operating Income for the three months ended in Jun. 2026 was ¥137 Mil. Grinm Advanced Materials Co's Revenue for the three months ended in Jun. 2026 was ¥3,201 Mil. Therefore, Grinm Advanced Materials Co's Operating Margin % for the quarter that ended in Jun. 2026 was 4.29%.

Good Sign:

Grinm Advanced Materials Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Grinm Advanced Materials Co's 5-Year average Growth Rate for Operating Margin % was 15.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grinm Advanced Materials Co's annualized ROC % for the quarter that ended in Jun. 2026 was 8.33%. Grinm Advanced Materials Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 10.08%.


Grinm Advanced Materials Co  (SHSE:600206) Operating Income Explanation

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

Grinm Advanced Materials Co'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: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=549.244 * ( 1 - 17.17% )/( (5543.4 + 5374.312)/ 2 )
=454.9388052/5458.856
=8.33 %

where

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))
=7800.994 - 1445.914 - ( 811.68 - max(0, 2433.011 - 5712.32+811.68))
=5543.4

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))
=7521.406 - 1144.818 - ( 1002.276 - max(0, 2190.771 - 5389.245+1002.276))
=5374.312

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

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

Grinm Advanced Materials Co'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: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=446.872/( ( (1590.296 + max(2859.185, 0)) + (1591.737 + max(2822.046, 0)) )/ 2 )
=446.872/( ( 4449.481 + 4413.783 )/ 2 )
=446.872/4431.632
=10.08 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1274.684 + 2457.456 + 895.464) - (1445.914 + 0 + 322.505)
=2859.185

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1488.609 + 1885.764 + 777.169) - (1144.818 + 0 + 184.678)
=2822.046

When net working capital is negative, 0 is used.

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

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

Grinm Advanced Materials Co'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 )
=137.311/3200.991
=4.29 %

* 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.


Grinm Advanced Materials Co Operating Income Related Terms


Grinm Advanced Materials Co Operating Income Historical Data

* Premium members only.

The historical data trend for Grinm Advanced Materials 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.

Grinm Advanced Materials Co Operating Income Chart

Grinm Advanced Materials 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 257.55 368.66 332.76 171.12 408.11

Grinm Advanced Materials Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 92.41 195.98 55.59 128.29 137.31
SHSE:600206
49GF Score
Grinm Advanced Materials Co Ltd SHSE:600206
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Grinm Advanced Materials 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥517 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 ¥517 Mil mean?
Grinm Advanced Materials Co (SHSE:600206) has a Operating Income of ¥517 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Grinm Advanced Materials Co and its competitors.
Is Grinm Advanced Materials Co's Operating Income too high?
Grinm Advanced Materials Co's current Operating Income is ¥517 Mil. Overall, Grinm Advanced Materials Co has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grinm Advanced Materials Co's Operating Income compare to AMAT and LRCX?
Grinm Advanced Materials Co's Operating Income of ¥517 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Operating Income depends on the Semiconductors 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 Grinm Advanced Materials Co and its competitors. Grinm Advanced Materials Co's current Operating Income is ¥517 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grinm Advanced Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Grinm Advanced Materials Co (SHSE:600206) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥21.69, compared to a current price of ¥51.15 — trading 135.8% above its estimated fair value. The current Operating Income is ¥517 Mil. Grinm Advanced Materials Co's overall GF Score™ is 49/100 with 3 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 Grinm Advanced Materials Co (SHSE:600206), the current Operating Income is ¥517 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 Grinm Advanced Materials Co (SHSE:600206) Overvalued in 2026?

Based on GuruFocus' analysis, Grinm Advanced Materials Co stock appears to be overvalued. The current stock price of ¥51.15 is trading 135.8% above its estimated GF Value™ of ¥21.69. GuruFocus considers Grinm Advanced Materials Co to be Significantly Overvalued.

Key valuation signals for SHSE:600206:

  • Operating Income: ¥517 Mil
  • GF Value™: ¥21.69 vs. price of ¥51.15 (135.8% above fair value)
  • GF Score™: 49/100 with 3 warning signs

No single metric tells the full story. See the SHSE:600206 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grinm Advanced Materials Co Business Description

Address No.43, North Third Ring Road, Haidian District, Beijing, CHN, 100088
Grinm Advanced Materials Co Ltd is engaged in the research, development, manufacture, and distribution of semiconductor materials. The semiconductors offered by the company are widely used in integrated circuits, discrete devices, solar cell and other fields. Its products are exported to the United States, Japan, Spain, South Korea, Taiwan, Hong Kong and other places.
49GF Score

Get the complete analysis for SHSE:600206

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

¥51.15
Price
¥21.69
GF Value