Triumph New Energy Co (SHSE:600876) Operating Income: ¥-693 Mil (TTM As of Mar. 2026)

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SHSE:600876 Triumph New Energy Co Ltd SHSE:600876
48 GF Score
Price ¥7.12
GF Value ¥6.84
Valuation Fairly Valued
! 7 Warning Signs
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What is Triumph New Energy Co Operating Income?

Triumph New Energy Co SHSE:600876 +1.28% 48 Operating Income is ¥-693 Mil as of Mar. 2026. GuruFocus rates SHSE:600876 with a GF Score™ of 48/100 and a GF Value™ of ¥6.84 (Fairly Valued). The stock has 7 warning signs investors should review.

Triumph New Energy Co's Operating Income for the three months ended in Mar. 2026 was ¥-295 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ¥-693 Mil.

Warning Sign:

Triumph New Energy Co Ltd had lost money in 67% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Triumph New Energy Co's Operating Income for the three months ended in Mar. 2026 was ¥-295 Mil. Triumph New Energy Co's Revenue for the three months ended in Mar. 2026 was ¥673 Mil. Therefore, Triumph New Energy Co's Operating Margin % for the quarter that ended in Mar. 2026 was -43.79%.

Triumph New Energy Co'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. Triumph New Energy Co's annualized ROC % for the quarter that ended in Mar. 2026 was -8.19%. Triumph New Energy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -15.35%.


Triumph New Energy Co  (SHSE:600876) Operating Income Explanation

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

Triumph New Energy 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 )
=-1178.804 * ( 1 - 0.14% )/( (14088.881 + 14666.485)/ 2 )
=-1177.1536744/14377.683
=-8.19 %

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))
=13614.568 - 3082.951 - ( 145.885 - max(0, 6635.895 - 3078.631+145.885))
=14088.881

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))
=13574.557 - 3135.915 - ( 176.384 - max(0, 7355.948 - 3128.105+176.384))
=14666.485

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

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

Triumph New Energy 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 )
=-1432.492/( ( (9379.582 + max(-1186.13, 0)) + (9288.344 + max(-1344.025, 0)) )/ 2 )
=-1432.492/( ( 9379.582 + 9288.344 )/ 2 )
=-1432.492/9333.963
=-15.35 %

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)
=(1242.504 + 744.269 + 245.081) - (3082.951 + 0 + 335.033)
=-1186.13

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1196.484 + 730.691 + 274.35) - (3135.915 + 0 + 409.635)
=-1344.025

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 %:

Triumph New Energy 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 )
=-294.701/672.978
=-43.79 %

* 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.


Triumph New Energy Co Operating Income Related Terms


Triumph New Energy Co Operating Income Historical Data

* Premium members only.

The historical data trend for Triumph New Energy 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.

Triumph New Energy Co Operating Income Chart

Triumph New Energy 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 499.20 397.80 536.42 -525.53 -582.20

Triumph New Energy 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 -184.38 -215.45 -138.26 -44.11 -294.70
SHSE:600876
48GF Score
Triumph New Energy Co Ltd SHSE:600876
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Triumph New Energy 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 ¥-693 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 ¥-693 Mil mean?
Triumph New Energy Co (SHSE:600876) has a Operating Income of ¥-693 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Triumph New Energy Co and its competitors.
Is Triumph New Energy Co's Operating Income too high?
Triumph New Energy Co's current Operating Income is ¥-693 Mil. Overall, Triumph New Energy Co has a GF Score™ of 48/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Triumph New Energy Co's Operating Income compare to CRH and VMC?
Triumph New Energy Co's Operating Income of ¥-693 Mil can be compared against companies in the Building Materials 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 Building Materials company?
A good Operating Income depends on the Building Materials 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 Triumph New Energy Co and its competitors. Triumph New Energy Co's current Operating Income is ¥-693 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Triumph New Energy Co stock overvalued right now?
Based on GuruFocus' analysis, Triumph New Energy Co (SHSE:600876) is currently considered Fairly Valued. The stock's GF Value™ is ¥6.84, compared to a current price of ¥7.12 — trading 4.1% above its estimated fair value. The current Operating Income is ¥-693 Mil. Triumph New Energy Co's overall GF Score™ is 48/100 with 7 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 Triumph New Energy Co (SHSE:600876), the current Operating Income is ¥-693 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 Triumph New Energy Co (SHSE:600876) Overvalued in 2026?

Based on GuruFocus' analysis, Triumph New Energy Co stock appears to be overvalued. The current stock price of ¥7.12 is trading 4.1% above its estimated GF Value™ of ¥6.84. GuruFocus considers Triumph New Energy Co to be Fairly Valued.

Key valuation signals for SHSE:600876:

  • Operating Income: ¥-693 Mil
  • GF Value™: ¥6.84 vs. price of ¥7.12 (4.1% above fair value)
  • GF Score™: 48/100 with 7 warning signs

No single metric tells the full story. See the SHSE:600876 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Triumph New Energy Co Business Description

Other Exchanges LUOYF:USA01108:Hong Kong
Address No. 9, Tang Gong Zhong Lu, Xigong District, Henan Province, Luoyang, CHN, 471009
Triumph New Energy Co Ltd is a glass manufacturing enterprise, which is mainly engaged in the production and sales of new energy glass and other functional glass. Its scope of business includes manufacturing and sales of photovoltaic equipment and components; manufacturing of glass; manufacturing of non-metallic mineral products; sales of non-metallic minerals and its products; manufacturing and sales of technical glass products; technical services for solar power generation; research and development of new materials technology and emerging energy technologies; manufacturing of machinery for the production of building materials; procurement and agency services; technical services, technical development, technical consultation, technical exchange, technology transfer, technology promotion.
48GF Score

Get the complete analysis for SHSE:600876

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

¥7.12
Price
¥6.84
GF Value