Fujian Haixia Environmental Protection Group Co (SHSE:603817) Operating Income: ¥479 Mil (TTM As of Jun. 2026)

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SHSE:603817 Fujian Haixia Environmental Protection Group Co Ltd SHSE:603817
67 GF Score
Price ¥5.86
GF Value ¥6.72
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Fujian Haixia Environmental Protection Group Co Operating Income?

Fujian Haixia Environmental Protection Group Co SHSE:603817 +2.63% 67 Operating Income is ¥479 Mil as of Jun. 2026. GuruFocus rates SHSE:603817 with a GF Score™ of 67/100 and a GF Value™ of ¥6.72 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Fujian Haixia Environmental Protection Group Co's Operating Income for the three months ended in Jun. 2026 was ¥134 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ¥479 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fujian Haixia Environmental Protection Group Co's Operating Income for the three months ended in Jun. 2026 was ¥134 Mil. Fujian Haixia Environmental Protection Group Co's Revenue for the three months ended in Jun. 2026 was ¥336 Mil. Therefore, Fujian Haixia Environmental Protection Group Co's Operating Margin % for the quarter that ended in Jun. 2026 was 39.74%.

Warning Sign:

Fujian Haixia Environmental Protection Group Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -1.3%.

Fujian Haixia Environmental Protection Group Co's 5-Year average Growth Rate for Operating Margin % was -1.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fujian Haixia Environmental Protection Group Co's annualized ROC % for the quarter that ended in Jun. 2026 was 7.65%. Fujian Haixia Environmental Protection Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 43.92%.


Fujian Haixia Environmental Protection Group Co  (SHSE:603817) Operating Income Explanation

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

Fujian Haixia Environmental Protection 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 )
=534.12 * ( 1 - 17.35% )/( (5801.724 + 5746.01)/ 2 )
=441.45018/5773.867
=7.65 %

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))
=7002.857 - 817.758 - ( 437.644 - max(0, 2095.304 - 2478.679+437.644))
=5801.724

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))
=7059.589 - 1003.107 - ( 310.472 - max(0, 2168.926 - 2585.756+310.472))
=5746.01

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

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

Fujian Haixia Environmental Protection 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 )
=432.864/( ( (993.815 + max(-121.826, 0)) + (977.16 + max(-107.976, 0)) )/ 2 )
=432.864/( ( 993.815 + 977.16 )/ 2 )
=432.864/985.4875
=43.92 %

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)
=(852.174 + 26.589 + 142.277) - (817.758 + 0 + 325.108)
=-121.826

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1075.286 + 22.997 + 137.254) - (1003.107 + 0 + 340.406)
=-107.976

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 %:

Fujian Haixia Environmental Protection 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 )
=133.53/336.031
=39.74 %

* 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.


Fujian Haixia Environmental Protection Group Co Operating Income Related Terms


Fujian Haixia Environmental Protection Group Co Operating Income Historical Data

* Premium members only.

The historical data trend for Fujian Haixia Environmental Protection 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.

Fujian Haixia Environmental Protection Group Co Operating Income Chart

Fujian Haixia Environmental Protection 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 272.29 307.03 249.36 345.41 436.13

Fujian Haixia Environmental Protection 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 103.59 148.12 99.29 98.19 133.53
SHSE:603817
67GF Score
Fujian Haixia Environmental Protection Group Co Ltd SHSE:603817
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Fujian Haixia Environmental Protection 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 ¥479 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 ¥479 Mil mean?
Fujian Haixia Environmental Protection Group Co (SHSE:603817) has a Operating Income of ¥479 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fujian Haixia Environmental Protection Group Co and its competitors.
Is Fujian Haixia Environmental Protection Group Co's Operating Income too high?
Fujian Haixia Environmental Protection Group Co's current Operating Income is ¥479 Mil. Overall, Fujian Haixia Environmental Protection Group Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fujian Haixia Environmental Protection Group Co's Operating Income compare to AWK and WTRG?
Fujian Haixia Environmental Protection Group Co's Operating Income of ¥479 Mil can be compared against companies in the Utilities - Regulated 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 an Utilities - Regulated company?
A good Operating Income depends on the Utilities - Regulated 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 Fujian Haixia Environmental Protection Group Co and its competitors. Fujian Haixia Environmental Protection Group Co's current Operating Income is ¥479 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujian Haixia Environmental Protection Group Co stock overvalued right now?
Based on GuruFocus' analysis, Fujian Haixia Environmental Protection Group Co (SHSE:603817) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.72, compared to a current price of ¥5.86 — trading 12.8% below its estimated fair value. The current Operating Income is ¥479 Mil. Fujian Haixia Environmental Protection Group Co's overall GF Score™ is 67/100 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 Fujian Haixia Environmental Protection Group Co (SHSE:603817), the current Operating Income is ¥479 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 Fujian Haixia Environmental Protection Group Co (SHSE:603817) Overvalued in 2026?

Based on GuruFocus' analysis, Fujian Haixia Environmental Protection Group Co stock appears to be undervalued. The current stock price of ¥5.86 is trading 12.8% below its estimated GF Value™ of ¥6.72. GuruFocus considers Fujian Haixia Environmental Protection Group Co to be Modestly Undervalued.

Key valuation signals for SHSE:603817:

  • Operating Income: ¥479 Mil
  • GF Value™: ¥6.72 vs. price of ¥5.86 (12.8% below fair value)
  • GF Score™: 67/100 with 6 warning signs

No single metric tells the full story. See the SHSE:603817 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fujian Haixia Environmental Protection Group Co Business Description

Address No. 16, Yangli Road, Gushan Town, Jin'an District, Fujian Province, Fuzhou, CHN, 350014
Fujian Haixia Environmental Protection Group Co Ltd is a Chinese company engaged in the businesses of sewage treatment and its recycling; investment, construction, management and maintenance of sewage treatment plant and sewage collection, treatment and discharge facilities; consultation and design of water supply and drainage engineering; equipment sales and installation; sewage treatment and sludge treatment, development. In addition, it is also involved in the business of technology transfer; training and appraisal of urban sewage treatment workers; water pollution control; and solid waste treatment and power generation.
67GF Score

Get the complete analysis for SHSE:603817

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

¥5.86
Price
¥6.72
GF Value