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Shenzhen Kingdom Sci-tech CoSHSE:600446 +1.33%52 Gross Margin % is 34.63% as of Mar. 2026, which is 47% above its 10-year median of 23.55. GuruFocus rates SHSE:600446 with a GF Score™ of 52/100 and a GF Value™ of ¥6.06 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,685 Software companies, Shenzhen Kingdom Sci-tech Co ranks worse than 51.36% on this metric.
Shenzhen Kingdom Sci-tech Co (SHSE:600446) 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
Shenzhen Kingdom Sci-tech Co had a gross margin of 34.63% 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.
Shenzhen Kingdom Sci-tech Co Gross Margin % Related Terms
Shenzhen Kingdom Sci-tech 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.
SHSE:600446 vs UBER, SHOP, CRM: Gross Margin % Comparison
For the Software - Application subindustry, Shenzhen Kingdom Sci-tech 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.
Shenzhen Kingdom Sci-tech Co Gross Margin % vs Software Industry
For the Software industry and Technology sector, Shenzhen Kingdom Sci-tech Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Shenzhen Kingdom Sci-tech Co'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.
Shenzhen Kingdom Sci-tech Co (SHSE:600446) has a Gross Margin % of 34.63% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Shenzhen Kingdom Sci-tech Co and its competitors. This is 47% above median its historical median of 23.55. Over the past decade, Shenzhen Kingdom Sci-tech Co's Gross Margin % has ranged from 20.37 to 39.52. According to the industry distribution chart, Shenzhen Kingdom Sci-tech Co ranks #1379 out of 2685 companies in the Software industry, placing it in the top 51.4%.
Is Shenzhen Kingdom Sci-tech Co's Gross Margin % too high?
Shenzhen Kingdom Sci-tech Co's current Gross Margin % of 34.63% is 47% above median its 10-year median of 23.55. Over the past 10 years, this metric has ranged from a low of 20.37 to a high of 39.52. The Software industry median Gross Margin % is 40.49. Shenzhen Kingdom Sci-tech Co's value of 34.63% is 14.5% below this industry median. Based on the distribution chart, Shenzhen Kingdom Sci-tech Co ranks #1379 out of 2685 companies in the Software industry, which is below the industry midpoint. Overall, Shenzhen Kingdom Sci-tech Co has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Kingdom Sci-tech Co's Gross Margin % compare to UBER and SHOP?
According to the Software industry distribution chart, Shenzhen Kingdom Sci-tech Co ranks #1379 out of 2685 companies for Gross Margin %. This places Shenzhen Kingdom Sci-tech Co in the lower half of its industry. The industry median Gross Margin % is 40.49. Shenzhen Kingdom Sci-tech Co's value of 34.63% is 14.5% below this benchmark. Historically, Shenzhen Kingdom Sci-tech Co's own Gross Margin % has ranged from 20.37 to 39.52 over the past decade. While the company's 10-year median is 23.55 vs. the industry median of 40.49, Shenzhen Kingdom Sci-tech 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 a Software company?
The median Gross Margin % among Software companies is 40.49, based on 2,685 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. Shenzhen Kingdom Sci-tech Co's current Gross Margin % of 34.63% is 14.5% 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 Shenzhen Kingdom Sci-tech Co and its competitors. For the Software industry, the median Gross Margin % is 40.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenzhen Kingdom Sci-tech Co's current Gross Margin % is 34.63%, which is 47% above median its own 10-year median of 23.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Kingdom Sci-tech Co stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Kingdom Sci-tech Co (SHSE:600446) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥6.06, compared to a current price of ¥9.88 — trading 63% above its estimated fair value. The current Gross Margin % is 34.63%, which is 47% above median its 10-year median of 23.55 and 14.5% below the Software industry median of 40.49. Shenzhen Kingdom Sci-tech Co's overall GF Score™ is 52/100 with 1 warning sign 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 Shenzhen Kingdom Sci-tech Co (SHSE:600446), the current Gross Margin % is 34.63% 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 Shenzhen Kingdom Sci-tech Co (SHSE:600446) Overvalued in 2026?
Based on GuruFocus' analysis, Shenzhen Kingdom Sci-tech Co stock appears to be overvalued.
The current stock price of ¥9.88 is trading 63% above its estimated GF Value™ of ¥6.06.
GuruFocus considers Shenzhen Kingdom Sci-tech Co to be Significantly Overvalued.
Key valuation signals for SHSE:600446:
Gross Margin %: 34.63% (47% above median its 10-year median of 23.55)
GF Value™: ¥6.06 vs. price of ¥9.88 (63% above fair value)
Industry Position: 14.5% below the Software median (#1379 of 2685)
No single metric tells the full story. See the SHSE:600446 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shenzhen Kingdom Sci-tech Co Ltd operates as a financial technology company in China. It offers software in the fields of securities, funds, banking, futures, insurance, trust, integrated finance, and regulatory agencies.
52GF Score
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