Ningbo Shanshan Co (XSWX:SSNE) Operating Income: $287 Mil (TTM As of Mar. 2026)


XSWX:SSNE Ningbo Shanshan Co Ltd XSWX:SSNE
79 GF Score
Price $17.80
GF Value $18.51
! 9 Warning Signs
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What is Ningbo Shanshan Co Operating Income?

Ningbo Shanshan Co XSWX:SSNE 79 Operating Income is $287 Mil as of Mar. 2026. GuruFocus rates XSWX:SSNE with a GF Score™ of 79/100 and a GF Value™ of $18.51. The stock has 9 warning signs investors should review.

Ningbo Shanshan Co's Operating Income for the three months ended in Mar. 2026 was $80 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $287 Mil.

Warning Sign:

Ningbo Shanshan 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. Ningbo Shanshan Co's Operating Income for the three months ended in Mar. 2026 was $80 Mil. Ningbo Shanshan Co's Revenue for the three months ended in Mar. 2026 was $781 Mil. Therefore, Ningbo Shanshan Co's Operating Margin % for the quarter that ended in Mar. 2026 was 10.30%.

Warning Sign:

Ningbo Shanshan Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -5.3%.

Ningbo Shanshan Co's 5-Year average Growth Rate for Operating Margin % was -5.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ningbo Shanshan Co's annualized ROC % for the quarter that ended in Mar. 2026 was 4.97%. Ningbo Shanshan Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.26%.

Ningbo Shanshan Co  (XSWX:SSNE) Operating Income Explanation

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

Ningbo Shanshan 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 )
=321.528 * ( 1 - 14.36% )/( (5538.206 + 5541.225)/ 2 )
=275.3565792/5539.7155
=4.97 %

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))
=6408.448 - 709.816 - ( 371.972 - max(0, 2163.928 - 2324.354+371.972))
=5538.206

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))
=6656.661 - 736.654 - ( 410.913 - max(0, 2169.255 - 2548.037+410.913))
=5541.225

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

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

Ningbo Shanshan 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 )
=324.148/( ( (2661.89 + max(1185.425, 0)) + (2659.566 + max(1345.235, 0)) )/ 2 )
=324.148/( ( 3847.315 + 4004.801 )/ 2 )
=324.148/3926.058
=8.26 %

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)
=(659.405 + 1002.93 + 242.11) - (709.816 + 0 + 9.2039999999997)
=1185.425

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(667.541 + 1141.447 + 279.152) - (736.654 + 0 + 6.2510000000002)
=1345.235

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 %:

Ningbo Shanshan 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 )
=80.382/780.621
=10.30 %

* 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.

Ningbo Shanshan Co Operating Income Related Terms

Ningbo Shanshan Co Operating Income Historical Data

* Premium members only.

The historical data trend for Ningbo Shanshan 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.

Ningbo Shanshan Co Operating Income Chart

Ningbo Shanshan 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 571.30 482.08 238.73 123.07 250.48

Ningbo Shanshan 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 41.10 63.34 41.43 101.69 80.38
XSWX:SSNE
79GF Score
Ningbo Shanshan Co Ltd XSWX:SSNE
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Ningbo Shanshan 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 $287 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 $287 Mil mean?
Ningbo Shanshan Co (XSWX:SSNE) has a Operating Income of $287 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Ningbo Shanshan Co and its competitors.
Is Ningbo Shanshan Co's Operating Income too high?
Ningbo Shanshan Co's current Operating Income is $287 Mil. Overall, Ningbo Shanshan Co has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Ningbo Shanshan Co's Operating Income compare to LIN and SHW?
Ningbo Shanshan Co's Operating Income of $287 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 Ningbo Shanshan Co and its competitors. Ningbo Shanshan Co's current Operating Income is $287 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Shanshan Co stock overvalued right now?
Ningbo Shanshan Co (XSWX:SSNE) has a current Operating Income of $287 Mil. The stock's GF Value™ is $18.51, compared to a current price of $17.80 — trading 3.8% below its estimated fair value. The current Operating Income is $287 Mil. Ningbo Shanshan Co's overall GF Score™ is 79/100 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 Ningbo Shanshan Co (XSWX:SSNE), the current Operating Income is $287 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 Ningbo Shanshan Co (XSWX:SSNE) Overvalued in 2026?

Based on GuruFocus' analysis, Ningbo Shanshan Co stock appears to be undervalued. The current stock price of $17.80 is trading 3.8% below its estimated GF Value™ of $18.51.

Key valuation signals for XSWX:SSNE:

  • Operating Income: $287 Mil
  • GF Value™: $18.51 vs. price of $17.80 (3.8% below fair value)
  • GF Score™: 79/100 with 9 warning signs

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

Ningbo Shanshan Co Business Description

Other Exchanges 600884:China
Address No. 777, Rili Middle Road, 28th Floor, Shanshan Building, Room 801, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315100
Ningbo Shanshan Co Ltd is engaged in Research & Development, production and sales of lithium battery materials, LCD polarizer business, clothing brand operation, quasi-financial and venture capital business.
79GF Score

Get the complete analysis for XSWX:SSNE

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

$17.80
Price
$18.51
GF Value