Luster LightTech Co (SHSE:688400) Operating Income: ¥194 Mil (TTM As of Jun. 2026)

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SHSE:688400 Luster LightTech Co Ltd SHSE:688400
78 GF Score
Price ¥47.20
GF Value ¥36.31
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Luster LightTech Co Operating Income?

Luster LightTech Co SHSE:688400 +4.56% 78 Operating Income is ¥194 Mil as of Jun. 2026. GuruFocus rates SHSE:688400 with a GF Score™ of 78/100 and a GF Value™ of ¥36.31 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Luster LightTech Co's Operating Income for the three months ended in Jun. 2026 was ¥108 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ¥194 Mil.

Warning Sign:

Luster LightTech Co Ltd has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Luster LightTech Co's Operating Income for the three months ended in Jun. 2026 was ¥108 Mil. Luster LightTech Co's Revenue for the three months ended in Jun. 2026 was ¥854 Mil. Therefore, Luster LightTech Co's Operating Margin % for the quarter that ended in Jun. 2026 was 12.61%.

Warning Sign:

Luster LightTech Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -24.5%.

Luster LightTech Co's 5-Year average Growth Rate for Operating Margin % was -24.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Luster LightTech Co's annualized ROC % for the quarter that ended in Jun. 2026 was 5.65%. Luster LightTech Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 117.32%.


Luster LightTech Co  (SHSE:688400) Operating Income Explanation

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

Luster LightTech 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 )
=430.668 * ( 1 - 13.86% )/( (5116.18 + 8012.37)/ 2 )
=370.9774152/6564.275
=5.65 %

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))
=7734.191 - 851.96 - ( 1766.051 - max(0, 1218.357 - 4020.545+1766.051))
=5116.18

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))
=9988.346 - 998.212 - ( 977.764 - max(0, 1414.254 - 3499.805+977.764))
=8012.37

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

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

Luster LightTech 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 )
=2121.744/( ( (828.152 + max(898.939, 0)) + (876.024 + max(1013.831, 0)) )/ 2 )
=2121.744/( ( 1727.091 + 1889.855 )/ 2 )
=2121.744/1808.473
=117.32 %

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)
=(1280.778 + 526.506 + 188.586) - (851.96 + 0 + 244.971)
=898.939

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1452.98 + 642.394 + 204.282) - (998.212 + 0 + 287.613)
=1013.831

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 %:

Luster LightTech 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 )
=107.667/854.103
=12.61 %

* 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.


Luster LightTech Co Operating Income Related Terms


Luster LightTech Co Operating Income Historical Data

* Premium members only.

The historical data trend for Luster LightTech 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.

Luster LightTech Co Operating Income Chart

Luster LightTech Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 191.64 179.98 27.50 29.12 116.17

Luster LightTech 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 62.86 12.37 22.72 51.08 107.67
SHSE:688400
78GF Score
Luster LightTech Co Ltd SHSE:688400
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Luster LightTech 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 ¥194 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 ¥194 Mil mean?
Luster LightTech Co (SHSE:688400) has a Operating Income of ¥194 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Luster LightTech Co and its competitors.
Is Luster LightTech Co's Operating Income too high?
Luster LightTech Co's current Operating Income is ¥194 Mil. Overall, Luster LightTech Co has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Luster LightTech Co's Operating Income compare to GEV and ETN?
Luster LightTech Co's Operating Income of ¥194 Mil can be compared against companies in the Industrial 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 an Industrial Products company?
A good Operating Income depends on the Industrial 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 Luster LightTech Co and its competitors. Luster LightTech Co's current Operating Income is ¥194 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Luster LightTech Co stock overvalued right now?
Based on GuruFocus' analysis, Luster LightTech Co (SHSE:688400) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥36.31, compared to a current price of ¥47.20 — trading 30% above its estimated fair value. The current Operating Income is ¥194 Mil. Luster LightTech Co's overall GF Score™ is 78/100 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 Luster LightTech Co (SHSE:688400), the current Operating Income is ¥194 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 Luster LightTech Co (SHSE:688400) Overvalued in 2026?

Based on GuruFocus' analysis, Luster LightTech Co stock appears to be overvalued. The current stock price of ¥47.20 is trading 30% above its estimated GF Value™ of ¥36.31. GuruFocus considers Luster LightTech Co to be Modestly Overvalued.

Key valuation signals for SHSE:688400:

  • Operating Income: ¥194 Mil
  • GF Value™: ¥36.31 vs. price of ¥47.20 (30% above fair value)
  • GF Score™: 78/100 with 7 warning signs

No single metric tells the full story. See the SHSE:688400 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Luster LightTech Co Business Description

Address Cuihu South Ring Road, Room 701, 7th Floor, Building 7, Yard 13, Haidian District, Beijing, CHN, 100094
Luster LightTech Co Ltd is based on optical technology innovation, and develops business around machine vision and fiber optics. The company has four product lines: intelligent equipment and smart factories, serving multiple fields such as consumer electronics, new energy, printing and packaging, and new display.
78GF Score

Get the complete analysis for SHSE:688400

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

¥47.20
Price
¥36.31
GF Value