Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Zall Smart Commerce GroupHKSE:02098 Gross Margin % is 0.48% as of Dec. 2025, which is 62% below its 10-year median of 1.27. The stock has 3 warning signs investors should review. Among 508 Conglomerates companies, Zall Smart Commerce Group ranks worse than 98.23% on this metric.
Zall Smart Commerce Group (HKSE:02098) 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
Zall Smart Commerce Group had a gross margin of 0.48% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
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.
Zall Smart Commerce Group Gross Margin % Related Terms
Zall Smart Commerce Group Gross Margin % Historical Data
* 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.
For the Conglomerates subindustry, Zall Smart Commerce 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.
Zall Smart Commerce Group Gross Margin % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Zall Smart Commerce Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Zall Smart Commerce Group's Gross Margin % falls into.
* 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.
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.
Zall Smart Commerce Group (HKSE:02098) has a Gross Margin % of 0.48% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Zall Smart Commerce Group and its competitors. This is 62% below median its historical median of 1.27. Over the past decade, Zall Smart Commerce Group's Gross Margin % has ranged from 0.38 to 29.78. According to the industry distribution chart, Zall Smart Commerce Group ranks #499 out of 508 companies in the Conglomerates industry, placing it in the top 98.2%.
Is Zall Smart Commerce Group's Gross Margin % too high?
Zall Smart Commerce Group's current Gross Margin % of 0.48% is 62% below median its 10-year median of 1.27. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 29.78. The Conglomerates industry median Gross Margin % is 26.10. Zall Smart Commerce Group's value of 0.48% is 98.2% below this industry median. Based on the distribution chart, Zall Smart Commerce Group ranks #499 out of 508 companies in the Conglomerates industry, which is in the bottom quartile relative to peers.
How does Zall Smart Commerce Group's Gross Margin % compare to MMM and HON?
According to the Conglomerates industry distribution chart, Zall Smart Commerce Group ranks #499 out of 508 companies for Gross Margin %. This places Zall Smart Commerce Group in the lower half of its industry. The industry median Gross Margin % is 26.10. Zall Smart Commerce Group's value of 0.48% is 98.2% below this benchmark. Historically, Zall Smart Commerce Group's own Gross Margin % has ranged from 0.38 to 29.78 over the past decade. While the company's 10-year median is 1.27 vs. the industry median of 26.10, Zall Smart Commerce Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Conglomerates company?
The median Gross Margin % among Conglomerates companies is 26.10, based on 508 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zall Smart Commerce Group's current Gross Margin % of 0.48% is 98.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Zall Smart Commerce Group and its competitors. For the Conglomerates industry, the median Gross Margin % is 26.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zall Smart Commerce Group's current Gross Margin % is 0.48%, which is 62% below median its own 10-year median of 1.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zall Smart Commerce Group stock overvalued right now?
Based on GuruFocus' analysis, Zall Smart Commerce Group (HKSE:02098) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$0.38, compared to a current price of HK$0.07 — trading 81.8% below its estimated fair value. The current Gross Margin % is 0.48%, which is 62% below median its 10-year median of 1.27 and 98.2% below the Conglomerates industry median of 26.10. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Zall Smart Commerce Group (HKSE:02098), the current Gross Margin % is 0.48% as of Dec. 2025. 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.
Zall Smart Commerce Group Ltd is an investment holding company. Along with its subsidiaries, it is engaged in developing and operating large-scale consumer product-focused wholesale shopping malls in the PRC, and providing supply chain management and trading business, e-commerce services, financial services, warehousing, and logistics services. The Group's reportable segments are: Property development and related services, and Supply chain management and trading, with maximum revenue coming from the latter, by providing trade-related supply chain financial services; and trading agricultural products, chemical materials, plastic raw materials, consumer goods, black and non-ferrous metals, etc. Geographically, the Group generates maximum revenue from China (PRC), and the rest from Singapore.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:02098 has been successfully added to your 
