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Huaqin Technology Co (SHSE:603296) Net Margin % : 3.73% (As of Mar. 2024)


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What is Huaqin Technology Co Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Huaqin Technology Co's Net Income for the three months ended in Mar. 2024 was ¥606 Mil. Huaqin Technology Co's Revenue for the three months ended in Mar. 2024 was ¥16,229 Mil. Therefore, Huaqin Technology Co's net margin for the quarter that ended in Mar. 2024 was 3.73%.

The historical rank and industry rank for Huaqin Technology Co's Net Margin % or its related term are showing as below:

SHSE:603296' s Net Margin % Range Over the Past 10 Years
Min: 0.59   Med: 3.42   Max: 10.11
Current: 3.21


SHSE:603296's Net Margin % is ranked better than
52.82% of 2463 companies
in the Hardware industry
Industry Median: 2.73 vs SHSE:603296: 3.21

Huaqin Technology Co Net Margin % Historical Data

The historical data trend for Huaqin Technology Co's Net Margin % 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.

* Premium members only.

Huaqin Technology Co Net Margin % Chart

Huaqin Technology Co Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.43 3.66 2.26 2.77 3.17

Huaqin Technology Co Quarterly Data
Dec11 Mar12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec18 Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Margin % 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 3.51 3.02 2.79 3.53 3.73

Competitive Comparison of Huaqin Technology Co's Net Margin %

For the Consumer Electronics subindustry, Huaqin Technology Co's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Huaqin Technology Co's Net Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Huaqin Technology Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where Huaqin Technology Co's Net Margin % falls into.



Huaqin Technology Co Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Huaqin Technology Co's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=2706.875/85338.484
=3.17 %

Huaqin Technology Co's Net Margin for the quarter that ended in Mar. 2024 is calculated as

Net Margin=Net Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=605.553/16228.945
=3.73 %

* 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.


Huaqin Technology Co  (SHSE:603296) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Huaqin Technology Co Net Margin % Related Terms

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Huaqin Technology Co (SHSE:603296) Business Description

Traded in Other Exchanges
N/A
Address
Building 1, No. 399 Keyuan Road, China (Shanghai) Pilot Free Trade Zone, Pudong New Area, Shanghai, CHN, 201203
Huaqin Technology Co Ltd is engaged in the research & development, design, manufacturing and operation of intelligent hardware products. The company provides global technology brand customers with end-to-end services at product level, system level, software and hardware research and development, and operation and manufacturing.
Executives
Wu Zhen Hai Directors, senior managers
Qiu Wen Sheng Directors, senior managers

Huaqin Technology Co (SHSE:603296) Headlines

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