Shandong Hi Speed New Energy Group (HKSE:01250) COGS-to-Revenue : 0.58 (As of Dec. 2023)

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What is Shandong Hi Speed New Energy Group COGS-to-Revenue?

Shandong Hi Speed New Energy Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,272 Mil. Its Revenue for the six months ended in Dec. 2023 was HK$2,194 Mil.

Shandong Hi Speed New Energy Group's COGS to Revenue for the six months ended in Dec. 2023 was 0.58.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shandong Hi Speed New Energy Group's Gross Margin % for the six months ended in Dec. 2023 was 42.03%.

Shandong Hi Speed New Energy Group COGS-to-Revenue Historical Data

The historical data trend for Shandong Hi Speed New Energy Group's COGS-to-Revenue 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.

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Shandong Hi Speed New Energy Group COGS-to-Revenue Chart

Shandong Hi Speed New Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.54

0.52

0.57

0.52

0.51

Shandong Hi Speed New Energy Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.64	0.53	0.49	0.46	0.58

Shandong Hi Speed New Energy Group COGS-to-Revenue Calculation

Shandong Hi Speed New Energy Group's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2552.221	/	4963.431
	=	0.51

Shandong Hi Speed New Energy Group's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1271.838	/	2194.017
	=	0.58

Shandong Hi Speed New Energy Group (HKSE:01250) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Shandong Hi Speed New Energy Group's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1271.838 / 2194.017
	=	42.03 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Shandong Hi Speed New Energy Group COGS-to-Revenue Related Terms

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Shandong Hi Speed New Energy Group (HKSE:01250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shandong Hi Speed New Energy Group Ltd (HKSE:01250) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

99 Queen's Road, Unit 6707, 67th Floor, The Centre, Central, Hong Kong, HKG

Website

https://www.shneg.com.hk

Shandong Hi Speed New Energy Group Ltd is engaged in the investment, development, construction, operation, and management of clean energy businesses which include Photovoltaic Power, Wind Power, and Clean Heat Supply Business.

Executives

Shandong Hi-speed Holdings Group Limited	2101 Beneficial owner
Citigroup Inc.	2305 Beneficiary of a trust
Shan Dong Gao Su Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Profit Plan Global Investment Limited	2101 Beneficial owner
Beijing Enterprises Group Company Limited	2201 Interest of corporation controlled by you
Beijing Enterprises Holdings Limited	2201 Interest of corporation controlled by you
Beijing Enterprises Water Group Limited	2201 Interest of corporation controlled by you
Citic Securities Company Limited	2201 Interest of corporation controlled by you
Citron Pe Associates Ii, L.p.	2201 Interest of corporation controlled by you
Citron Pe Holdings Limited	2201 Interest of corporation controlled by you
Cpechina Fund Ii, L.p.	2201 Interest of corporation controlled by you
Cpechina Fund Iia, L.p.	2201 Interest of corporation controlled by you
Zhong Xin Chan Ye Tou Zi Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Xin Yu Tou Zi Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Bei Jing You De Tou Zi Guan Li Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you

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