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.
Shandong Daye CoSHSE:603278 +0.53%70 Gross Margin % is 7.77% as of Mar. 2026, which is 12% below its 10-year median of 8.78. GuruFocus rates SHSE:603278 with a GF Score™ of 70/100 and a GF Value™ of ¥12.34 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 2,996 Industrial Products companies, Shandong Daye Co ranks worse than 94.09% on this metric.
Shandong Daye Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -8.9%.
The historical rank and industry rank for Shandong Daye Co's Gross Margin % or its related term are showing as below:
SHSE:603278'
s Gross Margin % Range Over the Past 10 Years
Min: 2.08 Med: 8.78 Max: 23.66
Current: 6.62
During the past 13 years, the highestGross Margin % of Shandong Daye Co was 23.66%. The lowest was 2.08%. And the median was 8.78%.
SHSE:603278's Gross Margin % is ranked worse than 94.09% of 2996
companies
in the Industrial Products industry
Industry Median: 26.79
vs SHSE:603278: 6.62
Shandong Daye Co had a gross margin of 7.77% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Shandong Daye Co was -8.90% per year.
Shandong Daye Co (SHSE:603278) 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
Shandong Daye Co had a gross margin of 7.77% 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.
Shandong Daye Co Gross Margin % Related Terms
Shandong Daye Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for Shandong Daye 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.
SHSE:603278 vs CRS, ATI, MLI: Gross Margin % Comparison
For the Metal Fabrication subindustry, Shandong Daye 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.
Shandong Daye Co Gross Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shandong Daye Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Shandong Daye 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.
Shandong Daye Co (SHSE:603278) has a Gross Margin % of 7.77% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Shandong Daye Co and its competitors. This is 12% below median its historical median of 8.78. Over the past decade, Shandong Daye Co's Gross Margin % has ranged from 2.08 to 23.66. According to the industry distribution chart, Shandong Daye Co ranks #2819 out of 2996 companies in the Industrial Products industry, placing it in the top 94.1%.
Is Shandong Daye Co's Gross Margin % too high?
Shandong Daye Co's current Gross Margin % of 7.77% is 12% below median its 10-year median of 8.78. Over the past 10 years, this metric has ranged from a low of 2.08 to a high of 23.66. The Industrial Products industry median Gross Margin % is 26.79. Shandong Daye Co's value of 7.77% is 71% below this industry median. Based on the distribution chart, Shandong Daye Co ranks #2819 out of 2996 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Shandong Daye Co has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Daye Co's Gross Margin % compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Shandong Daye Co ranks #2819 out of 2996 companies for Gross Margin %. This places Shandong Daye Co in the lower half of its industry. The industry median Gross Margin % is 26.79. Shandong Daye Co's value of 7.77% is 71% below this benchmark. Historically, Shandong Daye Co's own Gross Margin % has ranged from 2.08 to 23.66 over the past decade. While the company's 10-year median is 8.78 vs. the industry median of 26.79, Shandong Daye 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 an Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.79, based on 2,996 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. Shandong Daye Co's current Gross Margin % of 7.77% is 71% 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 Shandong Daye Co and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Daye Co's current Gross Margin % is 7.77%, which is 12% below median its own 10-year median of 8.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Daye Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Daye Co (SHSE:603278) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥12.34, compared to a current price of ¥9.54 — trading 22.7% below its estimated fair value. The current Gross Margin % is 7.77%, which is 12% below median its 10-year median of 8.78 and 71% below the Industrial Products industry median of 26.79. Shandong Daye Co's overall GF Score™ is 70/100 with 9 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 Shandong Daye Co (SHSE:603278), the current Gross Margin % is 7.77% 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 Shandong Daye Co (SHSE:603278) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Daye Co stock appears to be undervalued.
The current stock price of ¥9.54 is trading 22.7% below its estimated GF Value™ of ¥12.34.
GuruFocus considers Shandong Daye Co to be Modestly Undervalued.
Key valuation signals for SHSE:603278:
Gross Margin %: 7.77% (12% below median its 10-year median of 8.78)
GF Value™: ¥12.34 vs. price of ¥9.54 (22.7% below fair value)
Industry Position: 71% below the Industrial Products median (#2819 of 2996)
No single metric tells the full story. See the SHSE:603278 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Daye Co Ltd is engaged in the bead wire, steel cord and hose wires. Its customers include tyre manufacturers such as ZC Rubber, Cheng xin, CST, Double Coin, and Aeolus Tyre. The company has established the National Rubber Frame Material Standard R&D Base, Petroleum and Chemical Industry High-Performance Bead Wire Research Center, and Shandong High-Performance Bead Wire Engineering.
70GF Score
Get the complete analysis for SHSE:603278
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:603278 has been successfully added to your 
