China New Consumption Group (HKSE:08275) Gross Margin % : 13.34% (As of Sep. 2023)

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What is China New Consumption Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. China New Consumption Group's Gross Profit for the three months ended in Sep. 2023 was HK$4.2 Mil. China New Consumption Group's Revenue for the three months ended in Sep. 2023 was HK$31.3 Mil. Therefore, China New Consumption Group's Gross Margin % for the quarter that ended in Sep. 2023 was 13.34%.

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

HKSE:08275' s Gross Margin % Range Over the Past 10 Years
Min: -15.94 Med: 9.86 Max: 28.3
Current: 16.8

During the past 8 years, the highest Gross Margin % of China New Consumption Group was 28.30%. The lowest was -15.94%. And the median was 9.86%.

HKSE:08275's Gross Margin % is ranked worse than
54.62% of 1613 companies
in the Construction industry
Industry Median: 19.14 vs HKSE:08275: 16.80

China New Consumption Group had a gross margin of 13.34% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for China New Consumption Group was 0.00% per year.

China New Consumption Group Gross Margin % Historical Data

The historical data trend for China New Consumption 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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China New Consumption Group Gross Margin % Chart

China New Consumption Group Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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9.03

11.95

10.69

-15.94

-5.16

China New Consumption Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial															-33.93	43.97	0.90	20.86	13.34

Competitive Comparison of China New Consumption Group's Gross Margin %

For the Engineering & Construction subindustry, China New Consumption 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.

China New Consumption Group's Gross Margin % Distribution in the Construction Industry

For the Construction industry and Industrials sector, China New Consumption Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where China New Consumption Group's Gross Margin % falls into.

China New Consumption Group Gross Margin % Calculation

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

China New Consumption Group's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	-7	/	135.099
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(135.099 - 142.068)	/	135.099
	=	-5.16 %

China New Consumption Group's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	4.2	/	31.306
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(31.306 - 27.129)	/	31.306
	=	13.34 %

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.

China New Consumption Group (HKSE:08275) 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

China New Consumption Group had a gross margin of 13.34% for the quarter that ended in Sep. 2023 => 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.

China New Consumption Group Gross Margin % Related Terms

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China New Consumption Group (HKSE:08275) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China New Consumption Group Ltd (HKSE:08275) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-26 Kwai Tak Street, Room 1204, 12th Floor, Block 2, Golden Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.tfcel.com.hk

China New Consumption Group Ltd is a subcontractor primarily engaged in the foundation business in Hong Kong. It offers specialized foundation works, mainly the removal of pre-existing foundations or obstructing piles for urban renewal or railway projects. Geographically, it has a business presence in Hong Kong and Macau, of which key revenue is generated in Hong Kong. The group derives revenue from the construction contract, ancillary services, and machinery rental income.

Executives

Wong Fei Heung Terbe	2201 Interest of corporation controlled by you
Goldstone Wealth Management Limited	2101 Beneficial owner
Goldstone 1 Lpf	2101 Beneficial owner
Lam Yu Chor Paul	2201 Interest of corporation controlled by you
Success Run International Limited	2101 Beneficial owner
Tai Pik Yeung Tyler	2101 Beneficial owner
China New Economy Fund Limited	2101 Beneficial owner

China New Consumption Group (HKSE:08275) Headlines

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