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.
SHSE:603099's Gross Margin % is ranked worse than 61.11% of 792
companies
in the Travel & Leisure industry
Industry Median: 43.57
vs SHSE:603099: 37.15
Changbai Mountain Tourism Co had a gross margin of 23.74% for the quarter that ended in Mar. 2026 => Competition eroding margins
Changbai Mountain Tourism Co (SHSE:603099) 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
Changbai Mountain Tourism Co had a gross margin of 23.74% 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.
Changbai Mountain Tourism Co Gross Margin % Related Terms
Changbai Mountain Tourism 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:603099 vs BKNG, ABNB, RCL: Gross Margin % Comparison
For the Travel Services subindustry, Changbai Mountain Tourism 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.
Changbai Mountain Tourism Co Gross Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Changbai Mountain Tourism Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Changbai Mountain Tourism 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.
Changbai Mountain Tourism Co (SHSE:603099) has a Gross Margin % of 23.74% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Changbai Mountain Tourism Co and its competitors. This is 35% below median its historical median of 36.29. According to the industry distribution chart, Changbai Mountain Tourism Co ranks #484 out of 792 companies in the Travel & Leisure industry, placing it in the top 61.1%.
Is Changbai Mountain Tourism Co's Gross Margin % too high?
Changbai Mountain Tourism Co's current Gross Margin % of 23.74% is 35% below median its 10-year median of 36.29. The Travel & Leisure industry median Gross Margin % is 43.57. Changbai Mountain Tourism Co's value of 23.74% is 45.5% below this industry median. Based on the distribution chart, Changbai Mountain Tourism Co ranks #484 out of 792 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Changbai Mountain Tourism Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Changbai Mountain Tourism Co's Gross Margin % compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Changbai Mountain Tourism Co ranks #484 out of 792 companies for Gross Margin %. This places Changbai Mountain Tourism Co in the lower half of its industry. The industry median Gross Margin % is 43.57. Changbai Mountain Tourism Co's value of 23.74% is 45.5% below this benchmark. While the company's 10-year median is 36.29 vs. the industry median of 43.57, Changbai Mountain Tourism 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 Travel & Leisure company?
The median Gross Margin % among Travel & Leisure companies is 43.57, based on 792 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. Changbai Mountain Tourism Co's current Gross Margin % of 23.74% is 45.5% 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 Changbai Mountain Tourism Co and its competitors. For the Travel & Leisure industry, the median Gross Margin % is 43.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Changbai Mountain Tourism Co's current Gross Margin % is 23.74%, which is 35% below median its own 10-year median of 36.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changbai Mountain Tourism Co stock overvalued right now?
Based on GuruFocus' analysis, Changbai Mountain Tourism Co (SHSE:603099) is currently considered Fairly Valued. The stock's GF Value™ is ¥36.16, compared to a current price of ¥37.76 — trading 4.4% above its estimated fair value. The current Gross Margin % is 23.74%, which is 35% below median its 10-year median of 36.29 and 45.5% below the Travel & Leisure industry median of 43.57. Changbai Mountain Tourism Co's overall GF Score™ is 73/100 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 Changbai Mountain Tourism Co (SHSE:603099), the current Gross Margin % is 23.74% 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 Changbai Mountain Tourism Co (SHSE:603099) Overvalued in 2026?
Based on GuruFocus' analysis, Changbai Mountain Tourism Co stock appears to be overvalued.
The current stock price of ¥37.76 is trading 4.4% above its estimated GF Value™ of ¥36.16.
GuruFocus considers Changbai Mountain Tourism Co to be Fairly Valued.
Key valuation signals for SHSE:603099:
Gross Margin %: 23.74% (35% below median its 10-year median of 36.29)
GF Value™: ¥36.16 vs. price of ¥37.76 (4.4% above fair value)
Industry Position: 45.5% below the Travel & Leisure median (#484 of 792)
No single metric tells the full story. See the SHSE:603099 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Changbai Mountain Tourism Co Ltd is a travel agency company. It is mainly engaged in tourism passenger transport, hotel management, travel agencies and hot spring water development and utilization business.
73GF Score
Get the complete analysis for SHSE:603099
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:603099 has been successfully added to your 
