Pujiang International Group (HKSE:02060) Gross Margin % : 25.04% (As of Jun. 2023)

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What is Pujiang International Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Pujiang International Group's Gross Profit for the six months ended in Jun. 2023 was HK$246 Mil. Pujiang International Group's Revenue for the six months ended in Jun. 2023 was HK$984 Mil. Therefore, Pujiang International Group's Gross Margin % for the quarter that ended in Jun. 2023 was 25.04%.

The historical rank and industry rank for Pujiang International Group's Gross Margin % or its related term are showing as below:

HKSE:02060' s Gross Margin % Range Over the Past 10 Years
Min: 18.66 Med: 25.17 Max: 27.78
Current: 27.78

During the past 7 years, the highest Gross Margin % of Pujiang International Group was 27.78%. The lowest was 18.66%. And the median was 25.17%.

HKSE:02060's Gross Margin % is ranked better than
54.27% of 2937 companies
in the Industrial Products industry
Industry Median: 26.39 vs HKSE:02060: 27.78

Pujiang International Group had a gross margin of 25.04% for the quarter that ended in Jun. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Pujiang International Group was 6.30% per year.

Pujiang International Group Gross Margin % Historical Data

The historical data trend for Pujiang International Group's Gross 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.

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Pujiang International Group Gross Margin % Chart

Pujiang International Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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23.60

25.17

26.60

26.59

26.33

Pujiang International Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Gross Margin %	Get a 7-Day Free Trial								27.49	25.89	22.39	29.94	25.04

Competitive Comparison of Pujiang International Group's Gross Margin %

For the Metal Fabrication subindustry, Pujiang International Group's Gross Margin %, along with its competitors' market caps and Gross 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.

Pujiang International Group's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pujiang International Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Pujiang International Group's Gross Margin % falls into.

Pujiang International Group Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Pujiang International Group's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	632.7	/	2402.91
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2402.91 - 1770.226)	/	2402.91
	=	26.33 %

Pujiang International Group's Gross Margin for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )	=	Gross Profit (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	246.5	/	984.431
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(984.431 - 737.956)	/	984.431
	=	25.04 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Pujiang International Group (HKSE:02060) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Pujiang International Group had a gross margin of 25.04% for the quarter that ended in Jun. 2023 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Pujiang International Group Gross Margin % Related Terms

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Pujiang International Group (HKSE:02060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pujiang International Group Ltd (HKSE:02060) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

518 Shangcheng Road, 16th Floor, Shanghai, CHN, 200120

Website

http://www.pji-group.com

Pujiang International Group Ltd is a provider of bridge cables for the construction of super-long-span bridges in China and prestressed materials manufacturers in China. It is principally engaged in the manufacture of cables for the construction of bridges and prestressed materials for various infrastructure construction. The company has two main reporting business segments, namely, the business which manufactures cables for long-span bridges (the Cable Business) and the business which manufactures prestressed materials for various infrastructure construction (the Prestressed Materials Business). The Group's revenue customers are derived mainly from its operations in China.

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