Chenqi Technology (HKSE:09680) COGS-to-Revenue : 1.00 (As of Dec. 2024)

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What is Chenqi Technology COGS-to-Revenue?

Chenqi Technology's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$1,526 Mil. Its Revenue for the six months ended in Dec. 2024 was HK$1,523 Mil.

Chenqi Technology's COGS to Revenue for the six months ended in Dec. 2024 was 1.00.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Chenqi Technology's Gross Margin % for the six months ended in Dec. 2024 was -0.21%.

Chenqi Technology COGS-to-Revenue Historical Data

The historical data trend for Chenqi Technology'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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Chenqi Technology COGS-to-Revenue Chart

Chenqi Technology Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

COGS-to-Revenue

1.24

1.11

1.07

1.01

Chenqi Technology Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
COGS-to-Revenue	Get a 7-Day Free Trial			-	1.08	1.06	1.03	1.00

Chenqi Technology COGS-to-Revenue Calculation

Chenqi Technology's COGS to Revenue for the fiscal year that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2667.927	/	2630.131
	=	1.01

Chenqi Technology's COGS to Revenue for the quarter that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1526.054	/	1522.899
	=	1.00

Chenqi Technology (HKSE:09680) COGS-to-Revenue Explanation

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

Chenqi Technology's Gross Margin % for the six months ended in Dec. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1526.054 / 1522.899
	=	-0.21 %

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.

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Chenqi Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Chenqi Technology Ltd (HKSE:09680) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kaitai Avenue, No. 30-4, Huangpu District, Guangdong Province, Guangzhou, CHN

Website

https://www.ruqimobility.com

Chenqi Technology Ltd a mobility service company in China offering ride-hailing services. It serve and connect various participants of the mobility industry including the riders, drivers, automobile OEMs, vehicle service providers and autonomous driving solution providers, The company operates three reportable segments: Mobility services business, Technology services business and Fleet sale and maintenance business. Key revenue is generated from Mobility services business which includes provision of ride-hailing services, Robotaxi services, hitch services and other related services.

Executives

Tencent Holdings Limited
Tencent Mobility Limited
Guangzhou Automobile Industry Group Co., Ltd.	2201 Interest of corporation controlled by you
China Lounge Investments Limited	2101 Beneficial owner
Guangzhou Automobile Group Co., Ltd.	2201 Interest of corporation controlled by you
Didi Global Inc.	2201 Interest of corporation controlled by you
Hongkong Pony Ai Limited	2101 Beneficial owner
Peng Jun	2201 Interest of corporation controlled by you
Pony Ai Inc.	2201 Interest of corporation controlled by you

Chenqi Technology Headlines

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