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.
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.
Harbin VITI Electronic CoSHSE:603023 +1.37%51 Gross Margin % is 13.14% as of Mar. 2026, which is 66% below its 10-year median of 38.39. GuruFocus rates SHSE:603023 with a GF Score™ of 51/100 and a GF Value™ of ¥8.83 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,307 Vehicles & Parts companies, Harbin VITI Electronic Co ranks worse than 66.79% on this metric.
SHSE:603023's Gross Margin % is ranked worse than 66.79% of 1307
companies
in the Vehicles & Parts industry
Industry Median: 19.88
vs SHSE:603023: 15.54
Harbin VITI Electronic Co had a gross margin of 13.14% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Harbin VITI Electronic Co (SHSE:603023) 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
Harbin VITI Electronic Co had a gross margin of 13.14% for the quarter that ended in Mar. 2026 => No sustainable 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.
Harbin VITI Electronic Co Gross Margin % Related Terms
Harbin VITI Electronic 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:603023 vs ORLY, AZO: Gross Margin % Comparison
For the Auto Parts subindustry, Harbin VITI Electronic 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.
Harbin VITI Electronic Co Gross Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Harbin VITI Electronic Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Harbin VITI Electronic 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.
Harbin VITI Electronic Co (SHSE:603023) has a Gross Margin % of 13.14% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Harbin VITI Electronic Co and its competitors. This is 66% below median its historical median of 38.39. Over the past decade, Harbin VITI Electronic Co's Gross Margin % has ranged from 15.54 to 56.20. According to the industry distribution chart, Harbin VITI Electronic Co ranks #873 out of 1307 companies in the Vehicles & Parts industry, placing it in the top 66.8%.
Is Harbin VITI Electronic Co's Gross Margin % too high?
Harbin VITI Electronic Co's current Gross Margin % of 13.14% is 66% below median its 10-year median of 38.39. Over the past 10 years, this metric has ranged from a low of 15.54 to a high of 56.20. The Vehicles & Parts industry median Gross Margin % is 19.88. Harbin VITI Electronic Co's value of 13.14% is 33.9% below this industry median. Based on the distribution chart, Harbin VITI Electronic Co ranks #873 out of 1307 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Harbin VITI Electronic Co has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Harbin VITI Electronic Co's Gross Margin % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Harbin VITI Electronic Co ranks #873 out of 1307 companies for Gross Margin %. This places Harbin VITI Electronic Co in the lower half of its industry. The industry median Gross Margin % is 19.88. Harbin VITI Electronic Co's value of 13.14% is 33.9% below this benchmark. Historically, Harbin VITI Electronic Co's own Gross Margin % has ranged from 15.54 to 56.20 over the past decade. While the company's 10-year median is 38.39 vs. the industry median of 19.88, Harbin VITI Electronic 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 Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.88, based on 1,307 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. Harbin VITI Electronic Co's current Gross Margin % of 13.14% is 33.9% 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 Harbin VITI Electronic Co and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harbin VITI Electronic Co's current Gross Margin % is 13.14%, which is 66% below median its own 10-year median of 38.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbin VITI Electronic Co stock overvalued right now?
Based on GuruFocus' analysis, Harbin VITI Electronic Co (SHSE:603023) is currently considered Possible Value Trap. The stock's GF Value™ is ¥8.83, compared to a current price of ¥3.71 — trading 58% below its estimated fair value. The current Gross Margin % is 13.14%, which is 66% below median its 10-year median of 38.39 and 33.9% below the Vehicles & Parts industry median of 19.88. Harbin VITI Electronic Co's overall GF Score™ is 51/100 with 2 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 Harbin VITI Electronic Co (SHSE:603023), the current Gross Margin % is 13.14% 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 Harbin VITI Electronic Co (SHSE:603023) Overvalued in 2026?
Based on GuruFocus' analysis, Harbin VITI Electronic Co stock appears to be undervalued.
The current stock price of ¥3.71 is trading 58% below its estimated GF Value™ of ¥8.83.
GuruFocus considers Harbin VITI Electronic Co to be Possible Value Trap.
Key valuation signals for SHSE:603023:
Gross Margin %: 13.14% (66% below median its 10-year median of 38.39)
GF Value™: ¥8.83 vs. price of ¥3.71 (58% below fair value)
Industry Position: 33.9% below the Vehicles & Parts median (#873 of 1307)
No single metric tells the full story. See the SHSE:603023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harbin VITI Electronic Co Ltd is a domestic automotive electronic control product supplier. Its engaged in the research, manufacturing, and sale of electronic products for cars and buses. It's products include CAN bus control system, bus control unit, controller (ECU control unit), Combination of instruments, sensors and other products. The products are mainly used in passenger cars, trucks and military vehicles.
51GF Score
Get the complete analysis for SHSE:603023
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:603023 has been successfully added to your 
