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QingSong HealthHKSE:02661 -4.59%18 Gross Margin % is 37.00% as of Dec. 2025, which is 37% below its 10-year median of 59.09. GuruFocus rates HKSE:02661 with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 628 Healthcare Providers & Services companies, QingSong Health ranks worse than 57.32% on this metric.
The historical rank and industry rank for QingSong Health's Gross Margin % or its related term are showing as below:
HKSE:02661'
s Gross Margin % Range Over the Past 10 Years
Min: 34.65 Med: 59.09 Max: 82.61
Current: 34.66
During the past 4 years, the highestGross Margin % of QingSong Health was 82.61%. The lowest was 34.65%. And the median was 59.09%.
HKSE:02661's Gross Margin % is ranked worse than 57.32% of 628
companies
in the Healthcare Providers & Services industry
Industry Median: 40.075
vs HKSE:02661: 34.66
QingSong Health had a gross margin of 37.00% for the quarter that ended in Dec. 2025 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for QingSong Health was 0.00% per year.
QingSong Health (HKSE:02661) 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
QingSong Health had a gross margin of 37.00% for the quarter that ended in Dec. 2025 => 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.
QingSong Health Gross Margin % Related Terms
QingSong Health Gross Margin % Historical Data
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The historical data trend for QingSong Health'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.
HKSE:02661 vs VEEV, BTSG, TEM: Gross Margin % Comparison
For the Health Information Services subindustry, QingSong Health'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.
QingSong Health Gross Margin % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, QingSong Health's Gross Margin % distribution charts can be found below:
* The bar in red indicates where QingSong Health'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.
QingSong Health (HKSE:02661) has a Gross Margin % of 37.00% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on QingSong Health and its competitors. This is 37% below median its historical median of 59.09. Over the past decade, QingSong Health's Gross Margin % has ranged from 34.65 to 82.61. According to the industry distribution chart, QingSong Health ranks #360 out of 628 companies in the Healthcare Providers & Services industry, placing it in the top 57.3%.
Is QingSong Health's Gross Margin % too high?
QingSong Health's current Gross Margin % of 37.00% is 37% below median its 10-year median of 59.09. Over the past 10 years, this metric has ranged from a low of 34.65 to a high of 82.61. The Healthcare Providers & Services industry median Gross Margin % is 40.08. QingSong Health's value of 37.00% is 7.7% below this industry median. Based on the distribution chart, QingSong Health ranks #360 out of 628 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, QingSong Health has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does QingSong Health's Gross Margin % compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, QingSong Health ranks #360 out of 628 companies for Gross Margin %. This places QingSong Health in the lower half of its industry. The industry median Gross Margin % is 40.08. QingSong Health's value of 37.00% is 7.7% below this benchmark. Historically, QingSong Health's own Gross Margin % has ranged from 34.65 to 82.61 over the past decade. While the company's 10-year median is 59.09 vs. the industry median of 40.08, QingSong Health 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 Healthcare Providers & Services company?
The median Gross Margin % among Healthcare Providers & Services companies is 40.08, based on 628 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. QingSong Health's current Gross Margin % of 37.00% is 7.7% 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 QingSong Health and its competitors. For the Healthcare Providers & Services industry, the median Gross Margin % is 40.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. QingSong Health's current Gross Margin % is 37.00%, which is 37% below median its own 10-year median of 59.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is QingSong Health stock overvalued right now?
QingSong Health (HKSE:02661) has a current Gross Margin % of 37.00%. The current Gross Margin % is 37.00%, which is 37% below median its 10-year median of 59.09 and 7.7% below the Healthcare Providers & Services industry median of 40.08. QingSong Health's overall GF Score™ is 18/100 with 4 warning signs to review. 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 QingSong Health (HKSE:02661), the current Gross Margin % is 37.00% 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.
QingSong Health Corp is a technology-driven one-stop platform in China, focusing on providing comprehensive health services and health insurance solutions. It offers healthcare-related services, including early disease screening promotion and consultancy, health examinations and consultations, medical appointment services, and the sale of health supplements. It prominently offers health insurance products providing coverage for illness and medical expenses, typically for one year or less. The company also offers critical illness insurance, which provides a lump-sum payment if the policyholder is diagnosed with specified serious illnesses. It derives revenue from the provision of Healthcare-related Services. Geographically, it operates only in China.
18GF Score
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