Hoshine Silicon Industry Co (SHSE:603260) Operating Income: ¥-1,159 Mil (TTM As of Jun. 2026)

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SHSE:603260 Hoshine Silicon Industry Co Ltd SHSE:603260
71 GF Score
Price ¥32.72
GF Value ¥44.99
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Hoshine Silicon Industry Co Operating Income?

Hoshine Silicon Industry Co SHSE:603260 +0.37% 71 Operating Income is ¥-1,159 Mil as of Jun. 2026. GuruFocus rates SHSE:603260 with a GF Score™ of 71/100 and a GF Value™ of ¥44.99 (Modestly Undervalued). The stock has 9 warning signs investors should review.

Hoshine Silicon Industry Co's Operating Income for the three months ended in Jun. 2026 was ¥320 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ¥-1,159 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Hoshine Silicon Industry Co's Operating Income for the three months ended in Jun. 2026 was ¥320 Mil. Hoshine Silicon Industry Co's Revenue for the three months ended in Jun. 2026 was ¥5,155 Mil. Therefore, Hoshine Silicon Industry Co's Operating Margin % for the quarter that ended in Jun. 2026 was 6.21%.

Warning Sign:

Hoshine Silicon Industry Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -37.4%.

Hoshine Silicon Industry Co's 5-Year average Growth Rate for Operating Margin % was -37.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hoshine Silicon Industry Co's annualized ROC % for the quarter that ended in Jun. 2026 was 1.06%. Hoshine Silicon Industry Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 3.74%.


Hoshine Silicon Industry Co  (SHSE:603260) Operating Income Explanation

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

Hoshine Silicon Industry 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 )
=1281.046301 * ( 1 - 23.58% )/( (90184.31203075 + 93837.91505877)/ 2 )
=978.9755832242/92011.11354476
=1.06 %

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))
=81746.2666189 - 16794.10339471 - ( 2143.52986591 - max(0, 35782.78153222 - 10550.63272566+2143.52986591))
=90184.31203075

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))
=80319.31928961 - 14385.69362273 - ( 2690.24645534 - max(0, 38323.63129528 - 10419.34190339+2690.24645534))
=93837.91505877

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

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

Hoshine Silicon Industry 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 )
=2396.07970904/( ( (63686.00392509 + max(-11610.9564719, 0)) + (64353.92716155 + max(-12809.41964248, 0)) )/ 2 )
=2396.07970904/( ( 63686.00392509 + 64353.92716155 )/ 2 )
=2396.07970904/64019.96554332
=3.74 %

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)
=(1039.62610255 + 6089.71290688 + 997.01402198) - (16794.10339471 + 588.46972284 + 2354.73638576)
=-11610.9564719

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(733.32087756 + 5829.55950752 + 345.72998636) - (14385.69362273 + 289.92561465 + 5042.41077654)
=-12809.41964248

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 %:

Hoshine Silicon Industry 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 )
=320.26157525/5154.60581162
=6.21 %

* 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.


Hoshine Silicon Industry Co Operating Income Related Terms


Hoshine Silicon Industry Co Operating Income Historical Data

* Premium members only.

The historical data trend for Hoshine Silicon Industry 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.

Hoshine Silicon Industry Co Operating Income Chart

Hoshine Silicon Industry 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 9,977.05 6,534.22 3,519.27 2,877.41 -466.01

Hoshine Silicon Industry 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 -583.43 401.14 -2,257.58 377.35 320.26
SHSE:603260
71GF Score
Hoshine Silicon Industry Co Ltd SHSE:603260
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Hoshine Silicon Industry 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 ¥-1,159 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 ¥-1,159 Mil mean?
Hoshine Silicon Industry Co (SHSE:603260) has a Operating Income of ¥-1,159 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Hoshine Silicon Industry Co and its competitors.
Is Hoshine Silicon Industry Co's Operating Income too high?
Hoshine Silicon Industry Co's current Operating Income is ¥-1,159 Mil. Overall, Hoshine Silicon Industry Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hoshine Silicon Industry Co's Operating Income compare to DOW?
Hoshine Silicon Industry Co's Operating Income of ¥-1,159 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good Operating Income depends on the Chemicals 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 Hoshine Silicon Industry Co and its competitors. Hoshine Silicon Industry Co's current Operating Income is ¥-1,159 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoshine Silicon Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Hoshine Silicon Industry Co (SHSE:603260) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥44.99, compared to a current price of ¥32.72 — trading 27.3% below its estimated fair value. The current Operating Income is ¥-1,159 Mil. Hoshine Silicon Industry Co's overall GF Score™ is 71/100 with 9 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 Hoshine Silicon Industry Co (SHSE:603260), the current Operating Income is ¥-1,159 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 Hoshine Silicon Industry Co (SHSE:603260) Overvalued in 2026?

Based on GuruFocus' analysis, Hoshine Silicon Industry Co stock appears to be undervalued. The current stock price of ¥32.72 is trading 27.3% below its estimated GF Value™ of ¥44.99. GuruFocus considers Hoshine Silicon Industry Co to be Modestly Undervalued.

Key valuation signals for SHSE:603260:

  • Operating Income: ¥-1,159 Mil
  • GF Value™: ¥44.99 vs. price of ¥32.72 (27.3% below fair value)
  • GF Score™: 71/100 with 9 warning signs

No single metric tells the full story. See the SHSE:603260 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hoshine Silicon Industry Co Business Description

Address No. 1988, North Third Ring Road East, 23-24th Floor, Building A, Hengyuan Plaza, Zhejiang Province, Ningbo, CHN, 315300
Hoshine Silicon Industry Co Ltd is engaged in research and development, production, and sales of new silicon-based materials such as industrial silicon and organic silicon. The company's main products include industrial silicon and organosilicon, as well as polysilicon products.
71GF Score

Get the complete analysis for SHSE:603260

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

¥32.72
Price
¥44.99
GF Value