Guangxi Fenglin Wood Industry Group Co (SHSE:601996) Operating Income: ¥-131 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:601996 Guangxi Fenglin Wood Industry Group Co Ltd SHSE:601996
58 GF Score
Price ¥2.87
GF Value ¥2.49
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Guangxi Fenglin Wood Industry Group Co Operating Income?

Guangxi Fenglin Wood Industry Group Co SHSE:601996 -0.69% 58 Operating Income is ¥-131 Mil as of Jun. 2026. GuruFocus rates SHSE:601996 with a GF Score™ of 58/100 and a GF Value™ of ¥2.49 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Guangxi Fenglin Wood Industry Group Co's Operating Income for the three months ended in Jun. 2026 was ¥-69 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ¥-131 Mil.

Warning Sign:

Guangxi Fenglin Wood Industry Group Co Ltd had lost money in 83% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Guangxi Fenglin Wood Industry Group Co's Operating Income for the three months ended in Jun. 2026 was ¥-69 Mil. Guangxi Fenglin Wood Industry Group Co's Revenue for the three months ended in Jun. 2026 was ¥453 Mil. Therefore, Guangxi Fenglin Wood Industry Group Co's Operating Margin % for the quarter that ended in Jun. 2026 was -15.18%.

Guangxi Fenglin Wood Industry Group 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. Guangxi Fenglin Wood Industry Group Co's annualized ROC % for the quarter that ended in Jun. 2026 was -12.22%. Guangxi Fenglin Wood Industry Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -17.17%.


Guangxi Fenglin Wood Industry Group Co  (SHSE:601996) Operating Income Explanation

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

Guangxi Fenglin Wood Industry Group 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 )
=-275.384 * ( 1 - 0.6% )/( (2291.27 + 2188.37)/ 2 )
=-273.731696/2239.82
=-12.22 %

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))
=3295.558 - 261.407 - ( 742.881 - max(0, 793.691 - 1700.742+742.881))
=2291.27

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))
=3318.159 - 314.05 - ( 847.451 - max(0, 928.82 - 1744.559+847.451))
=2188.37

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

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

Guangxi Fenglin Wood Industry Group 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 )
=-311.852/( ( (1302.71 + max(569.744, 0)) + (1286.818 + max(473.998, 0)) )/ 2 )
=-311.852/( ( 1872.454 + 1760.816 )/ 2 )
=-311.852/1816.635
=-17.17 %

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)
=(189.075 + 586.647 + 69.659) - (261.407 + 0 + 14.23)
=569.744

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(182.303 + 585.93 + 33.168) - (314.05 + 0 + 13.353)
=473.998

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 %:

Guangxi Fenglin Wood Industry Group 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 )
=-68.846/453.469
=-15.18 %

* 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.


Guangxi Fenglin Wood Industry Group Co Operating Income Related Terms


Guangxi Fenglin Wood Industry Group Co Operating Income Historical Data

* Premium members only.

The historical data trend for Guangxi Fenglin Wood Industry Group 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.

Guangxi Fenglin Wood Industry Group Co Operating Income Chart

Guangxi Fenglin Wood Industry Group 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 157.79 64.32 78.21 -63.36 -84.17

Guangxi Fenglin Wood Industry Group 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 -8.13 -15.57 -21.69 -24.58 -68.85
SHSE:601996
58GF Score
Guangxi Fenglin Wood Industry Group Co Ltd SHSE:601996
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Guangxi Fenglin Wood Industry Group 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 ¥-131 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 ¥-131 Mil mean?
Guangxi Fenglin Wood Industry Group Co (SHSE:601996) has a Operating Income of ¥-131 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Guangxi Fenglin Wood Industry Group Co and its competitors.
Is Guangxi Fenglin Wood Industry Group Co's Operating Income too high?
Guangxi Fenglin Wood Industry Group Co's current Operating Income is ¥-131 Mil. Overall, Guangxi Fenglin Wood Industry Group Co has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Guangxi Fenglin Wood Industry Group Co's Operating Income compare to SSD and UFPI?
Guangxi Fenglin Wood Industry Group Co's Operating Income of ¥-131 Mil can be compared against companies in the Forest Products 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 Forest Products company?
A good Operating Income depends on the Forest Products 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 Guangxi Fenglin Wood Industry Group Co and its competitors. Guangxi Fenglin Wood Industry Group Co's current Operating Income is ¥-131 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangxi Fenglin Wood Industry Group Co stock overvalued right now?
Based on GuruFocus' analysis, Guangxi Fenglin Wood Industry Group Co (SHSE:601996) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥2.49, compared to a current price of ¥2.87 — trading 15.3% above its estimated fair value. The current Operating Income is ¥-131 Mil. Guangxi Fenglin Wood Industry Group Co's overall GF Score™ is 58/100 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 Guangxi Fenglin Wood Industry Group Co (SHSE:601996), the current Operating Income is ¥-131 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 Guangxi Fenglin Wood Industry Group Co (SHSE:601996) Overvalued in 2026?

Based on GuruFocus' analysis, Guangxi Fenglin Wood Industry Group Co stock appears to be overvalued. The current stock price of ¥2.87 is trading 15.3% above its estimated GF Value™ of ¥2.49. GuruFocus considers Guangxi Fenglin Wood Industry Group Co to be Modestly Overvalued.

Key valuation signals for SHSE:601996:

  • Operating Income: ¥-131 Mil
  • GF Value™: ¥2.49 vs. price of ¥2.87 (15.3% above fair value)
  • GF Score™: 58/100 with 7 warning signs

No single metric tells the full story. See the SHSE:601996 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Guangxi Fenglin Wood Industry Group Co Business Description

Address No. 1233, Yinhai Avenue, Guangxi Zhuang Autonomous Region, Liangqing District, Nanning, CHN, 530221
Guangxi Fenglin Wood Industry Group Co Ltd operates in the wood industry. The company is engaged in the manufacturing and distribution of wood material. It offers medium density and high-density fiber boards and particle boards. The company serves furniture, door, flooring, construction and decoration, car, and electronic industries.
58GF Score

Get the complete analysis for SHSE:601996

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

¥2.87
Price
¥2.49
GF Value