Guizhou Panjiang Refined Coal Co (SHSE:600395) Gross Margin %: 27.73% (As of Mar. 2026) — 16% 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.

SHSE:600395 Guizhou Panjiang Refined Coal Co Ltd SHSE:600395
74 GF Score
Price ¥4.89
GF Value ¥5.77
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is Guizhou Panjiang Refined Coal Co Gross Margin %?

Guizhou Panjiang Refined Coal Co SHSE:600395 +1.45% 74 Gross Margin % is 27.73% as of Mar. 2026, which is 16% below its 10-year median of 32.96. GuruFocus rates SHSE:600395 with a GF Score™ of 74/100 and a GF Value™ of ¥5.77 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 124 Other Energy Sources companies, Guizhou Panjiang Refined Coal Co ranks better than 68.55% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Guizhou Panjiang Refined Coal Co's Gross Profit for the three months ended in Mar. 2026 was ¥693 Mil. Guizhou Panjiang Refined Coal Co's Revenue for the three months ended in Mar. 2026 was ¥2,500 Mil. Therefore, Guizhou Panjiang Refined Coal Co's Gross Margin % for the quarter that ended in Mar. 2026 was 27.73%.

Warning Sign:

Guizhou Panjiang Refined Coal Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -6.1%.


The historical rank and industry rank for Guizhou Panjiang Refined Coal Co's Gross Margin % or its related term are showing as below:

SHSE:600395' s Gross Margin % Range Over the Past 10 Years
Min: 23.48   Med: 32.96   Max: 40.56
Current: 28.83


During the past 13 years, the highest Gross Margin % of Guizhou Panjiang Refined Coal Co was 40.56%. The lowest was 23.48%. And the median was 32.96%.

SHSE:600395's Gross Margin % is ranked better than
68.55% of 124 companies
in the Other Energy Sources industry
Industry Median: 18.775 vs SHSE:600395: 28.83

Guizhou Panjiang Refined Coal Co had a gross margin of 27.73% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Guizhou Panjiang Refined Coal Co was -6.10% per year.


Guizhou Panjiang Refined Coal Co  (SHSE:600395) 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

Guizhou Panjiang Refined Coal Co had a gross margin of 27.73% 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.


Guizhou Panjiang Refined Coal Co Gross Margin % Related Terms


Guizhou Panjiang Refined Coal Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Guizhou Panjiang Refined Coal Co'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.

Guizhou Panjiang Refined Coal Co Gross Margin % Chart

Guizhou Panjiang Refined Coal Co 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 34.65 40.56 29.23 26.02 26.17

Guizhou Panjiang Refined Coal Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only Premium Member Only Premium Member Only 17.28 25.98 23.96 36.90 27.73

Guizhou Panjiang Refined Coal Co Gross Margin % Competitor Comparison

For the Thermal Coal subindustry, Guizhou Panjiang Refined Coal Co'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.


Guizhou Panjiang Refined Coal Co Gross Margin % vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Guizhou Panjiang Refined Coal Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Guizhou Panjiang Refined Coal Co's Gross Margin % falls into.


SHSE:600395
74GF Score
Guizhou Panjiang Refined Coal Co Ltd SHSE:600395
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Guizhou Panjiang Refined Coal Co Gross Margin % Calculation

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

Guizhou Panjiang Refined Coal Co'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 )
=2554.6 / 9761.527
=(Revenue - Cost of Goods Sold) / Revenue
=(9761.527 - 7206.879) / 9761.527
=26.17 %

Guizhou Panjiang Refined Coal Co's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=693.4 / 2500.178
=(Revenue - Cost of Goods Sold) / Revenue
=(2500.178 - 1806.813) / 2500.178
=27.73 %

* 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 27.73% mean?
Guizhou Panjiang Refined Coal Co (SHSE:600395) has a Gross Margin % of 27.73% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Guizhou Panjiang Refined Coal Co and its competitors. This is 16% below median its historical median of 32.96. Over the past decade, Guizhou Panjiang Refined Coal Co's Gross Margin % has ranged from 23.48 to 40.56. According to the industry distribution chart, Guizhou Panjiang Refined Coal Co ranks #39 out of 124 companies in the Other Energy Sources industry, placing it in the top 31.5%.
Is Guizhou Panjiang Refined Coal Co's Gross Margin % too high?
Guizhou Panjiang Refined Coal Co's current Gross Margin % of 27.73% is 16% below median its 10-year median of 32.96. Over the past 10 years, this metric has ranged from a low of 23.48 to a high of 40.56. The Other Energy Sources industry median Gross Margin % is 18.78. Guizhou Panjiang Refined Coal Co's value of 27.73% is 47.7% above this industry median. Based on the distribution chart, Guizhou Panjiang Refined Coal Co ranks #39 out of 124 companies in the Other Energy Sources industry, which is above the industry midpoint. Overall, Guizhou Panjiang Refined Coal Co has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Guizhou Panjiang Refined Coal Co's Gross Margin % compare to competitors?
According to the Other Energy Sources industry distribution chart, Guizhou Panjiang Refined Coal Co ranks #39 out of 124 companies for Gross Margin %. This puts Guizhou Panjiang Refined Coal Co in the upper half of its industry. The industry median Gross Margin % is 18.78. Guizhou Panjiang Refined Coal Co's value of 27.73% is 47.7% above this benchmark. Historically, Guizhou Panjiang Refined Coal Co's own Gross Margin % has ranged from 23.48 to 40.56 over the past decade. While the company's 10-year median is 32.96 vs. the industry median of 18.78, Guizhou Panjiang Refined Coal Co has consistently been above 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 Other Energy Sources company?
The median Gross Margin % among Other Energy Sources companies is 18.78, based on 124 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. Guizhou Panjiang Refined Coal Co's current Gross Margin % of 27.73% is 47.7% above 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 Guizhou Panjiang Refined Coal Co and its competitors. For the Other Energy Sources industry, the median Gross Margin % is 18.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guizhou Panjiang Refined Coal Co's current Gross Margin % is 27.73%, which is 16% below median its own 10-year median of 32.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guizhou Panjiang Refined Coal Co stock overvalued right now?
Based on GuruFocus' analysis, Guizhou Panjiang Refined Coal Co (SHSE:600395) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥5.77, compared to a current price of ¥4.89 — trading 15.3% below its estimated fair value. The current Gross Margin % is 27.73%, which is 16% below median its 10-year median of 32.96 and 47.7% above the Other Energy Sources industry median of 18.78. Guizhou Panjiang Refined Coal 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 Guizhou Panjiang Refined Coal Co (SHSE:600395), the current Gross Margin % is 27.73% 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 Guizhou Panjiang Refined Coal Co (SHSE:600395) Overvalued in 2026?

Based on GuruFocus' analysis, Guizhou Panjiang Refined Coal Co stock appears to be undervalued. The current stock price of ¥4.89 is trading 15.3% below its estimated GF Value™ of ¥5.77. GuruFocus considers Guizhou Panjiang Refined Coal Co to be Modestly Undervalued.

Key valuation signals for SHSE:600395:

  • Gross Margin %: 27.73% (16% below median its 10-year median of 32.96)
  • GF Value™: ¥5.77 vs. price of ¥4.89 (15.3% below fair value)
  • GF Score™: 74/100 with 9 warning signs
  • Industry Position: 47.7% above the Other Energy Sources median (#39 of 124)

No single metric tells the full story. See the SHSE:600395 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Guizhou Panjiang Refined Coal Co Business Description

Address Gangou Bridge, Hongguo Economic Development Zone, Guizhou, Liupanshui, CHN, 553536
Guizhou Panjiang Refined Coal Co Ltd is engaged in coal development in Panjiang Mining Area. The company produces gas to coal, fat coal, 1/3 coking coal, and main coking coal, Thin coal, lean coal, anthracite, reserves and coal species.
74GF Score

Get the complete analysis for SHSE:600395

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

¥4.89
Price
¥5.77
GF Value