Hebei Hengshui Laobaigan Liquor Co (SHSE:600559) Gross Margin %: 64.10% (As of Mar. 2026) — Near 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:600559 Hebei Hengshui Laobaigan Liquor Co Ltd SHSE:600559
87 GF Score
Price ¥11.70
GF Value ¥14.83
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Hebei Hengshui Laobaigan Liquor Co Gross Margin %?

Hebei Hengshui Laobaigan Liquor Co SHSE:600559 -2.42% 87 Gross Margin % is 64.10% as of Mar. 2026, which is 2% below its 10-year median of 65.35. GuruFocus rates SHSE:600559 with a GF Score™ of 87/100 and a GF Value™ of ¥14.83 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 204 Beverages - Alcoholic companies, Hebei Hengshui Laobaigan Liquor Co ranks better than 87.25% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Hebei Hengshui Laobaigan Liquor Co's Gross Profit for the three months ended in Mar. 2026 was ¥782 Mil. Hebei Hengshui Laobaigan Liquor Co's Revenue for the three months ended in Mar. 2026 was ¥1,220 Mil. Therefore, Hebei Hengshui Laobaigan Liquor Co's Gross Margin % for the quarter that ended in Mar. 2026 was 64.10%.


The historical rank and industry rank for Hebei Hengshui Laobaigan Liquor Co's Gross Margin % or its related term are showing as below:

SHSE:600559' s Gross Margin % Range Over the Past 10 Years
Min: 59.23   Med: 65.35   Max: 68.36
Current: 64.73


During the past 13 years, the highest Gross Margin % of Hebei Hengshui Laobaigan Liquor Co was 68.36%. The lowest was 59.23%. And the median was 65.35%.

SHSE:600559's Gross Margin % is ranked better than
87.25% of 204 companies
in the Beverages - Alcoholic industry
Industry Median: 42.36 vs SHSE:600559: 64.73

Hebei Hengshui Laobaigan Liquor Co had a gross margin of 64.10% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Hebei Hengshui Laobaigan Liquor Co was 0.10% per year.


Hebei Hengshui Laobaigan Liquor Co  (SHSE:600559) 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

Hebei Hengshui Laobaigan Liquor Co had a gross margin of 64.10% for the quarter that ended in Mar. 2026 => Durable 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.


Hebei Hengshui Laobaigan Liquor Co Gross Margin % Related Terms


Hebei Hengshui Laobaigan Liquor Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Hebei Hengshui Laobaigan Liquor 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.

Hebei Hengshui Laobaigan Liquor Co Gross Margin % Chart

Hebei Hengshui Laobaigan Liquor 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 67.32 68.36 67.15 65.95 66.01

Hebei Hengshui Laobaigan Liquor 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 68.58 67.42 61.37 64.82 64.10

SHSE:600559 vs BF.B: Gross Margin % Comparison

For the Beverages - Wineries & Distilleries subindustry, Hebei Hengshui Laobaigan Liquor 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.


Hebei Hengshui Laobaigan Liquor Co Gross Margin % vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Hebei Hengshui Laobaigan Liquor Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Hebei Hengshui Laobaigan Liquor Co's Gross Margin % falls into.


SHSE:600559
87GF Score
Hebei Hengshui Laobaigan Liquor Co Ltd SHSE:600559
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hebei Hengshui Laobaigan Liquor Co Gross Margin % Calculation

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

Hebei Hengshui Laobaigan Liquor 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 )
=2720.4 / 4121.473
=(Revenue - Cost of Goods Sold) / Revenue
=(4121.473 - 1401.091) / 4121.473
=66.01 %

Hebei Hengshui Laobaigan Liquor 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 )
=782.2 / 1220.173
=(Revenue - Cost of Goods Sold) / Revenue
=(1220.173 - 438.017) / 1220.173
=64.10 %

* 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 64.10% mean?
Hebei Hengshui Laobaigan Liquor Co (SHSE:600559) has a Gross Margin % of 64.10% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Hebei Hengshui Laobaigan Liquor Co and its competitors. This is near median its historical median of 65.35. Over the past decade, Hebei Hengshui Laobaigan Liquor Co's Gross Margin % has ranged from 59.23 to 68.36. According to the industry distribution chart, Hebei Hengshui Laobaigan Liquor Co ranks #26 out of 204 companies in the Beverages - Alcoholic industry, placing it in the top 12.7%.
Is Hebei Hengshui Laobaigan Liquor Co's Gross Margin % too high?
Hebei Hengshui Laobaigan Liquor Co's current Gross Margin % of 64.10% is near median its 10-year median of 65.35. Over the past 10 years, this metric has ranged from a low of 59.23 to a high of 68.36. The Beverages - Alcoholic industry median Gross Margin % is 42.36. Hebei Hengshui Laobaigan Liquor Co's value of 64.10% is 51.3% above this industry median. Based on the distribution chart, Hebei Hengshui Laobaigan Liquor Co ranks #26 out of 204 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Hebei Hengshui Laobaigan Liquor Co has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hebei Hengshui Laobaigan Liquor Co's Gross Margin % compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Hebei Hengshui Laobaigan Liquor Co ranks #26 out of 204 companies for Gross Margin %. This places Hebei Hengshui Laobaigan Liquor Co in the top 13% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 42.36. Hebei Hengshui Laobaigan Liquor Co's value of 64.10% is 51.3% above this benchmark. Historically, Hebei Hengshui Laobaigan Liquor Co's own Gross Margin % has ranged from 59.23 to 68.36 over the past decade. While the company's 10-year median is 65.35 vs. the industry median of 42.36, Hebei Hengshui Laobaigan Liquor 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 a Beverages - Alcoholic company?
The median Gross Margin % among Beverages - Alcoholic companies is 42.36, based on 204 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. Hebei Hengshui Laobaigan Liquor Co's current Gross Margin % of 64.10% is 51.3% 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 Hebei Hengshui Laobaigan Liquor Co and its competitors. For the Beverages - Alcoholic industry, the median Gross Margin % is 42.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hebei Hengshui Laobaigan Liquor Co's current Gross Margin % is 64.10%, which is near median its own 10-year median of 65.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hebei Hengshui Laobaigan Liquor Co stock overvalued right now?
Based on GuruFocus' analysis, Hebei Hengshui Laobaigan Liquor Co (SHSE:600559) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥14.83, compared to a current price of ¥11.70 — trading 21.1% below its estimated fair value. The current Gross Margin % is 64.10%, which is near median its 10-year median of 65.35 and 51.3% above the Beverages - Alcoholic industry median of 42.36. Hebei Hengshui Laobaigan Liquor Co's overall GF Score™ is 87/100 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 Hebei Hengshui Laobaigan Liquor Co (SHSE:600559), the current Gross Margin % is 64.10% 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 Hebei Hengshui Laobaigan Liquor Co (SHSE:600559) Overvalued in 2026?

Based on GuruFocus' analysis, Hebei Hengshui Laobaigan Liquor Co stock appears to be undervalued. The current stock price of ¥11.70 is trading 21.1% below its estimated GF Value™ of ¥14.83. GuruFocus considers Hebei Hengshui Laobaigan Liquor Co to be Modestly Undervalued.

Key valuation signals for SHSE:600559:

  • Gross Margin %: 64.10% (near median its 10-year median of 65.35)
  • GF Value™: ¥14.83 vs. price of ¥11.70 (21.1% below fair value)
  • GF Score™: 87/100 with 6 warning signs
  • Industry Position: 51.3% above the Beverages - Alcoholic median (#26 of 204)

No single metric tells the full story. See the SHSE:600559 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hebei Hengshui Laobaigan Liquor Co Business Description

Address No. 809 Renmin East Road, Hebei Province, Hengshui, CHN, 053000
Hebei Hengshui Laobaigan Liquor Co Ltd is engaged in the brewing industry. It is a manufacturer in the white liquor industry in China. The company's products include Hengshui old white and Eighteen White Square and 67 degrees.
87GF Score

Get the complete analysis for SHSE:600559

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

¥11.70
Price
¥14.83
GF Value