Ximei Resources Holding (HKSE:09936) Gross Margin %: 18.81% (As of Dec. 2025) — 30% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

HKSE:09936 Ximei Resources Holding Ltd HKSE:09936
70 GF Score
Price HK$14.40
GF Value HK$6.67
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Ximei Resources Holding Gross Margin %?

Ximei Resources Holding HKSE:09936 +5.34% 70 Gross Margin % is 18.81% as of Dec. 2025, which is 30% below its 10-year median of 26.69. GuruFocus rates HKSE:09936 with a GF Score™ of 70/100 and a GF Value™ of HK$6.67 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,564 Chemicals companies, Ximei Resources Holding ranks worse than 58.7% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Ximei Resources Holding's Gross Profit for the six months ended in Dec. 2025 was HK$268 Mil. Ximei Resources Holding's Revenue for the six months ended in Dec. 2025 was HK$1,423 Mil. Therefore, Ximei Resources Holding's Gross Margin % for the quarter that ended in Dec. 2025 was 18.81%.

Warning Sign:

Ximei Resources Holding Ltd gross margin has been in long-term decline. The average rate of decline per year is -7%.


The historical rank and industry rank for Ximei Resources Holding's Gross Margin % or its related term are showing as below:

HKSE:09936' s Gross Margin % Range Over the Past 10 Years
Min: 20.89   Med: 26.69   Max: 32.1
Current: 20.89


During the past 10 years, the highest Gross Margin % of Ximei Resources Holding was 32.10%. The lowest was 20.89%. And the median was 26.69%.

HKSE:09936's Gross Margin % is ranked worse than
58.7% of 1564 companies
in the Chemicals industry
Industry Median: 23.96 vs HKSE:09936: 20.89

Ximei Resources Holding had a gross margin of 18.81% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Ximei Resources Holding was -7.00% per year.


Ximei Resources Holding  (HKSE:09936) 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

Ximei Resources Holding had a gross margin of 18.81% 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.


Ximei Resources Holding Gross Margin % Related Terms


Ximei Resources Holding Gross Margin % Historical Data

* Premium members only.

The historical data trend for Ximei Resources Holding'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.

Ximei Resources Holding Gross Margin % Chart

Ximei Resources Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.91 30.00 22.12 21.78 20.90

Ximei Resources Holding Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.87 21.11 22.43 23.72 18.81

HKSE:09936 vs LIN, SHW, ECL: Gross Margin % Comparison

For the Specialty Chemicals subindustry, Ximei Resources Holding'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.


Ximei Resources Holding Gross Margin % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ximei Resources Holding's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Ximei Resources Holding's Gross Margin % falls into.


HKSE:09936
70GF Score
Ximei Resources Holding Ltd HKSE:09936
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ximei Resources Holding Gross Margin % Calculation

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

Ximei Resources Holding's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=517.6 / 2476.634
=(Revenue - Cost of Goods Sold) / Revenue
=(2476.634 - 1959.039) / 2476.634
=20.90 %

Ximei Resources Holding's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=267.6 / 1422.505
=(Revenue - Cost of Goods Sold) / Revenue
=(1422.505 - 1154.934) / 1422.505
=18.81 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 18.81% mean?
Ximei Resources Holding (HKSE:09936) has a Gross Margin % of 18.81% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Ximei Resources Holding and its competitors. This is 30% below median its historical median of 26.69. Over the past decade, Ximei Resources Holding's Gross Margin % has ranged from 20.89 to 32.10. According to the industry distribution chart, Ximei Resources Holding ranks #918 out of 1564 companies in the Chemicals industry, placing it in the top 58.7%.
Is Ximei Resources Holding's Gross Margin % too high?
Ximei Resources Holding's current Gross Margin % of 18.81% is 30% below median its 10-year median of 26.69. Over the past 10 years, this metric has ranged from a low of 20.89 to a high of 32.10. The Chemicals industry median Gross Margin % is 23.96. Ximei Resources Holding's value of 18.81% is 21.5% below this industry median. Based on the distribution chart, Ximei Resources Holding ranks #918 out of 1564 companies in the Chemicals industry, which is below the industry midpoint. Overall, Ximei Resources Holding has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ximei Resources Holding's Gross Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Ximei Resources Holding ranks #918 out of 1564 companies for Gross Margin %. This places Ximei Resources Holding in the lower half of its industry. The industry median Gross Margin % is 23.96. Ximei Resources Holding's value of 18.81% is 21.5% below this benchmark. Historically, Ximei Resources Holding's own Gross Margin % has ranged from 20.89 to 32.10 over the past decade. While the company's 10-year median is 26.69 vs. the industry median of 23.96, Ximei Resources Holding 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 Chemicals company?
The median Gross Margin % among Chemicals companies is 23.96, based on 1,564 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. Ximei Resources Holding's current Gross Margin % of 18.81% is 21.5% 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 Ximei Resources Holding and its competitors. For the Chemicals industry, the median Gross Margin % is 23.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ximei Resources Holding's current Gross Margin % is 18.81%, which is 30% below median its own 10-year median of 26.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ximei Resources Holding stock overvalued right now?
Based on GuruFocus' analysis, Ximei Resources Holding (HKSE:09936) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$6.67, compared to a current price of HK$14.40 — trading 115.9% above its estimated fair value. The current Gross Margin % is 18.81%, which is 30% below median its 10-year median of 26.69 and 21.5% below the Chemicals industry median of 23.96. Ximei Resources Holding's overall GF Score™ is 70/100 with 6 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 Ximei Resources Holding (HKSE:09936), the current Gross Margin % is 18.81% 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.

Is Ximei Resources Holding (HKSE:09936) Overvalued in 2026?

Based on GuruFocus' analysis, Ximei Resources Holding stock appears to be overvalued. The current stock price of HK$14.40 is trading 115.9% above its estimated GF Value™ of HK$6.67. GuruFocus considers Ximei Resources Holding to be Significantly Overvalued.

Key valuation signals for HKSE:09936:

  • Gross Margin %: 18.81% (30% below median its 10-year median of 26.69)
  • GF Value™: HK$6.67 vs. price of HK$14.40 (115.9% above fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 21.5% below the Chemicals median (#918 of 1564)

No single metric tells the full story. See the HKSE:09936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ximei Resources Holding Business Description

Address East Hanxi Avenue, Zhongcun Street, No. 290 Poly Metropolis, Room 1903, A3 Office Building, East Hanxi Avenue, Panyu District, Guangzhou, CHN
Ximei Resources Holding Ltd produces tantalum and niobium-based metallurgical products in China. Tantalum and niobium-based metallurgical products are essential in the downstream manufacture of many products used in high-tech industries, such as special alloys, chemicals, automobiles, Oil and gas pipelines, Sputtering targets, capacitors, and hard alloys. Its principal products are tantalum pentoxide and niobium pentoxide. It also produces and sells potassium heptafluorotantalate. The company sells processed products such as tantalum bars, tantalum carbide, and niobium bars to process the pentoxide products and potassium heptafluorotantalate it produces or purchases from third-party metallurgy companies.
70GF Score

Get the complete analysis for HKSE:09936

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$14.40
Price
HK$6.67
GF Value