SHSE:600032's Gross Margin % is ranked better than 56.33% of 403
companies
in the Utilities - Independent Power Producers industry
Industry Median: 31.35
vs SHSE:600032: 37.81
Zhejiang Provincial New Energy Investment Group Co had a gross margin of 27.03% for the quarter that ended in Mar. 2026 => Competition eroding margins
Zhejiang Provincial New Energy Investment Group Co (SHSE:600032) 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
Zhejiang Provincial New Energy Investment Group Co had a gross margin of 27.03% for the quarter that ended in Mar. 2026 => 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.
Zhejiang Provincial New Energy Investment Group Co Gross Margin % Related Terms
Zhejiang Provincial New Energy Investment Group Co 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.
Zhejiang Provincial New Energy Investment Group Co Gross Margin % Chart
Zhejiang Provincial New Energy Investment Group Co Annual Data
* 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.
Zhejiang Provincial New Energy Investment Group Co Gross Margin % vs Utilities - Independent Power Producers Industry
* 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.
Zhejiang Provincial New Energy Investment Group Co (SHSE:600032) has a Gross Margin % of 27.03% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Zhejiang Provincial New Energy Investment Group Co and its competitors. This is 50% below median its historical median of 53.98. Over the past decade, Zhejiang Provincial New Energy Investment Group Co's Gross Margin % has ranged from 37.81 to 66.01. According to the industry distribution chart, Zhejiang Provincial New Energy Investment Group Co ranks #176 out of 403 companies in the Utilities - Independent Power Producers industry, placing it in the top 43.7%.
Is Zhejiang Provincial New Energy Investment Group Co's Gross Margin % too high?
Zhejiang Provincial New Energy Investment Group Co's current Gross Margin % of 27.03% is 50% below median its 10-year median of 53.98. Over the past 10 years, this metric has ranged from a low of 37.81 to a high of 66.01. The Utilities - Independent Power Producers industry median Gross Margin % is 31.35. Zhejiang Provincial New Energy Investment Group Co's value of 27.03% is 13.8% below this industry median. Based on the distribution chart, Zhejiang Provincial New Energy Investment Group Co ranks #176 out of 403 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Zhejiang Provincial New Energy Investment Group Co has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Provincial New Energy Investment Group Co's Gross Margin % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Zhejiang Provincial New Energy Investment Group Co ranks #176 out of 403 companies for Gross Margin %. This puts Zhejiang Provincial New Energy Investment Group Co in the upper half of its industry. The industry median Gross Margin % is 31.35. Zhejiang Provincial New Energy Investment Group Co's value of 27.03% is 13.8% below this benchmark. Historically, Zhejiang Provincial New Energy Investment Group Co's own Gross Margin % has ranged from 37.81 to 66.01 over the past decade. While the company's 10-year median is 53.98 vs. the industry median of 31.35, Zhejiang Provincial New Energy Investment Group Co 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 an Utilities - Independent Power Producers company?
The median Gross Margin % among Utilities - Independent Power Producers companies is 31.35, based on 403 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. Zhejiang Provincial New Energy Investment Group Co's current Gross Margin % of 27.03% is 13.8% 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 Zhejiang Provincial New Energy Investment Group Co and its competitors. For the Utilities - Independent Power Producers industry, the median Gross Margin % is 31.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Provincial New Energy Investment Group Co's current Gross Margin % is 27.03%, which is 50% below median its own 10-year median of 53.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Provincial New Energy Investment Group Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Provincial New Energy Investment Group Co (SHSE:600032) is currently considered Fairly Valued. The stock's GF Value™ is ¥7.52, compared to a current price of ¥7.17 — trading 4.7% below its estimated fair value. The current Gross Margin % is 27.03%, which is 50% below median its 10-year median of 53.98 and 13.8% below the Utilities - Independent Power Producers industry median of 31.35. Zhejiang Provincial New Energy Investment Group Co's overall GF Score™ is 74/100 with 9 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 Zhejiang Provincial New Energy Investment Group Co (SHSE:600032), the current Gross Margin % is 27.03% as of Mar. 2026. 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 Zhejiang Provincial New Energy Investment Group Co (SHSE:600032) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Provincial New Energy Investment Group Co stock appears to be undervalued.
The current stock price of ¥7.17 is trading 4.7% below its estimated GF Value™ of ¥7.52.
GuruFocus considers Zhejiang Provincial New Energy Investment Group Co to be Fairly Valued.
Key valuation signals for SHSE:600032:
Gross Margin %: 27.03% (50% below median its 10-year median of 53.98)
GF Value™: ¥7.52 vs. price of ¥7.17 (4.7% below fair value)
Industry Position: 13.8% below the Utilities - Independent Power Producers median (#176 of 403)
No single metric tells the full story. See the SHSE:600032 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Provincial New Energy Investment Group Co Business Description
Zhejiang Provincial New Energy Investment Group Co Ltd is engaged in the investment, development, construction and operation management of renewable energy projects such as hydropower, photovoltaic power generation, and wind power generation.
74GF Score
Get the complete analysis for SHSE:600032
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