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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.
Well Lead Medical CoSHSE:603309 +0.17%84 Gross Margin % is 40.65% as of Jun. 2026, which is 6% below its 10-year median of 43.47. GuruFocus rates SHSE:603309 with a GF Score™ of 84/100 and a GF Value™ of ¥14.48 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 806 Medical Devices & Instruments companies, Well Lead Medical Co ranks worse than 63.65% on this metric.
The historical rank and industry rank for Well Lead Medical Co's Gross Margin % or its related term are showing as below:
SHSE:603309'
s Gross Margin % Range Over the Past 10 Years
Min: 34.15 Med: 43.47 Max: 45.89
Current: 43.95
During the past 13 years, the highestGross Margin % of Well Lead Medical Co was 45.89%. The lowest was 34.15%. And the median was 43.47%.
SHSE:603309's Gross Margin % is ranked worse than 63.65% of 806
companies
in the Medical Devices & Instruments industry
Industry Median: 52.115
vs SHSE:603309: 43.95
Well Lead Medical Co had a gross margin of 40.65% for the quarter that ended in Jun. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Well Lead Medical Co was 0.90% per year.
Well Lead Medical Co (SHSE:603309) 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
Well Lead Medical Co had a gross margin of 40.65% for the quarter that ended in Jun. 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.
Well Lead Medical Co Gross Margin % Related Terms
Well Lead Medical Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for Well Lead Medical 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:603309 vs ISRG, BDX, MDLN: Gross Margin % Comparison
For the Medical Instruments & Supplies subindustry, Well Lead Medical 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.
Well Lead Medical Co Gross Margin % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Well Lead Medical Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Well Lead Medical 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.
Well Lead Medical Co (SHSE:603309) has a Gross Margin % of 40.65% as of Jun. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Well Lead Medical Co and its competitors. This is near median its historical median of 43.47. Over the past decade, Well Lead Medical Co's Gross Margin % has ranged from 34.15 to 45.89. According to the industry distribution chart, Well Lead Medical Co ranks #513 out of 806 companies in the Medical Devices & Instruments industry, placing it in the top 63.6%.
Is Well Lead Medical Co's Gross Margin % too high?
Well Lead Medical Co's current Gross Margin % of 40.65% is near median its 10-year median of 43.47. Over the past 10 years, this metric has ranged from a low of 34.15 to a high of 45.89. The Medical Devices & Instruments industry median Gross Margin % is 52.12. Well Lead Medical Co's value of 40.65% is 22% below this industry median. Based on the distribution chart, Well Lead Medical Co ranks #513 out of 806 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Well Lead Medical Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Well Lead Medical Co's Gross Margin % compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Well Lead Medical Co ranks #513 out of 806 companies for Gross Margin %. This places Well Lead Medical Co in the lower half of its industry. The industry median Gross Margin % is 52.12. Well Lead Medical Co's value of 40.65% is 22% below this benchmark. Historically, Well Lead Medical Co's own Gross Margin % has ranged from 34.15 to 45.89 over the past decade. While the company's 10-year median is 43.47 vs. the industry median of 52.12, Well Lead Medical 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 Medical Devices & Instruments company?
The median Gross Margin % among Medical Devices & Instruments companies is 52.12, based on 806 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. Well Lead Medical Co's current Gross Margin % of 40.65% is 22% 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 Well Lead Medical Co and its competitors. For the Medical Devices & Instruments industry, the median Gross Margin % is 52.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Well Lead Medical Co's current Gross Margin % is 40.65%, which is near median its own 10-year median of 43.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Well Lead Medical Co stock overvalued right now?
Based on GuruFocus' analysis, Well Lead Medical Co (SHSE:603309) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥14.48, compared to a current price of ¥11.59 — trading 20% below its estimated fair value. The current Gross Margin % is 40.65%, which is near median its 10-year median of 43.47 and 22% below the Medical Devices & Instruments industry median of 52.12. Well Lead Medical Co's overall GF Score™ is 84/100 with 4 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 Well Lead Medical Co (SHSE:603309), the current Gross Margin % is 40.65% as of Jun. 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 Well Lead Medical Co (SHSE:603309) Overvalued in 2026?
Based on GuruFocus' analysis, Well Lead Medical Co stock appears to be undervalued.
The current stock price of ¥11.59 is trading 20% below its estimated GF Value™ of ¥14.48.
GuruFocus considers Well Lead Medical Co to be Modestly Undervalued.
Key valuation signals for SHSE:603309:
Gross Margin %: 40.65% (near median its 10-year median of 43.47)
GF Value™: ¥14.48 vs. price of ¥11.59 (20% below fair value)
Industry Position: 22% below the Medical Devices & Instruments median (#513 of 806)
No single metric tells the full story. See the SHSE:603309 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressNo. 45-47, South of Guomao Avenue, No. 4, Area C, Jinhu Industrial City, Hualong Town, Panyu District, Guangdong Province, Guangzhou City, CHN, 511434
Well Lead Medical Co Ltd is engaged in research, production, and sales of medical catheters in anaesthesia, urology, respiratory and hemodialysis region. Its products include Endotracheal Tube, Standar Endotracheal Tube, and Suction Endotracheal Tube. The company products are used in surgery, treatment, first aid, and nursing. The company exports its products to North America, Europe, and Japan.
84GF Score
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