Zhongjin GoldSHSE:600489 +1.95%88 Gross Margin % is 20.47% as of Mar. 2026, which is 66% above its 10-year median of 12.31. GuruFocus rates SHSE:600489 with a GF Score™ of 88/100 and a GF Value™ of ¥21.24 (Fairly Valued). The stock has 1 warning sign investors should review. Among 731 Metals & Mining companies, Zhongjin Gold ranks worse than 63.2% on this metric.
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
Zhongjin Gold had a gross margin of 20.47% 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.
Zhongjin Gold Gross Margin % Related Terms
Zhongjin Gold Gross Margin % Historical Data
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The historical data trend for Zhongjin Gold'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.
SHSE:600489 vs NEM, AU, RGLD: Gross Margin % Comparison
For the Gold subindustry, Zhongjin Gold'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.
Zhongjin Gold Gross Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Zhongjin Gold's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Zhongjin Gold'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.
Zhongjin Gold (SHSE:600489) has a Gross Margin % of 20.47% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Zhongjin Gold and its competitors. This is 66% above median its historical median of 12.31. Over the past decade, Zhongjin Gold's Gross Margin % has ranged from 8.51 to 17.18. According to the industry distribution chart, Zhongjin Gold ranks #462 out of 731 companies in the Metals & Mining industry, placing it in the top 63.2%.
Is Zhongjin Gold's Gross Margin % too high?
Zhongjin Gold's current Gross Margin % of 20.47% is 66% above median its 10-year median of 12.31. Over the past 10 years, this metric has ranged from a low of 8.51 to a high of 17.18. The Metals & Mining industry median Gross Margin % is 26.20. Zhongjin Gold's value of 20.47% is 21.9% below this industry median. Based on the distribution chart, Zhongjin Gold ranks #462 out of 731 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Zhongjin Gold has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhongjin Gold's Gross Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Zhongjin Gold ranks #462 out of 731 companies for Gross Margin %. This places Zhongjin Gold in the lower half of its industry. The industry median Gross Margin % is 26.20. Zhongjin Gold's value of 20.47% is 21.9% below this benchmark. Historically, Zhongjin Gold's own Gross Margin % has ranged from 8.51 to 17.18 over the past decade. While the company's 10-year median is 12.31 vs. the industry median of 26.20, Zhongjin Gold 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 Metals & Mining company?
The median Gross Margin % among Metals & Mining companies is 26.20, based on 731 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. Zhongjin Gold's current Gross Margin % of 20.47% is 21.9% 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 Zhongjin Gold and its competitors. For the Metals & Mining industry, the median Gross Margin % is 26.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhongjin Gold's current Gross Margin % is 20.47%, which is 66% above median its own 10-year median of 12.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhongjin Gold stock overvalued right now?
Based on GuruFocus' analysis, Zhongjin Gold (SHSE:600489) is currently considered Fairly Valued. The stock's GF Value™ is ¥21.24, compared to a current price of ¥20.34 — trading 4.2% below its estimated fair value. The current Gross Margin % is 20.47%, which is 66% above median its 10-year median of 12.31 and 21.9% below the Metals & Mining industry median of 26.20. Zhongjin Gold's overall GF Score™ is 88/100 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 Zhongjin Gold (SHSE:600489), the current Gross Margin % is 20.47% 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 Zhongjin Gold (SHSE:600489) Overvalued in 2026?
Based on GuruFocus' analysis, Zhongjin Gold stock appears to be undervalued.
The current stock price of ¥20.34 is trading 4.2% below its estimated GF Value™ of ¥21.24.
GuruFocus considers Zhongjin Gold to be Fairly Valued.
Key valuation signals for SHSE:600489:
Gross Margin %: 20.47% (66% above median its 10-year median of 12.31)
GF Value™: ¥21.24 vs. price of ¥20.34 (4.2% below fair value)
Industry Position: 21.9% below the Metals & Mining median (#462 of 731)
No single metric tells the full story. See the SHSE:600489 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhongjin Gold Corp Ltd engages in the mining, smelting, and sale of non-ferrous metals in China. Its products include gold, electrolytic silver and copper, sulfuric acid, and other products, as well as iron oxide pigments. The company operates its business in both the domestic and overseas market.
88GF Score
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