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Zhejiang Meilun Elevator CoSHSE:603321 -2.07%58 Gross Margin % is 20.75% as of Mar. 2026, which is 16% below its 10-year median of 24.82. GuruFocus rates SHSE:603321 with a GF Score™ of 58/100 and a GF Value™ of ¥5.24 (Fairly Valued). The stock has 7 warning signs investors should review. Among 2,996 Industrial Products companies, Zhejiang Meilun Elevator Co ranks worse than 65.39% on this metric.
SHSE:603321's Gross Margin % is ranked worse than 65.39% of 2996
companies
in the Industrial Products industry
Industry Median: 26.82
vs SHSE:603321: 21.40
Zhejiang Meilun Elevator Co had a gross margin of 20.75% for the quarter that ended in Mar. 2026 => Competition eroding margins
Zhejiang Meilun Elevator Co (SHSE:603321) 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
Zhejiang Meilun Elevator Co had a gross margin of 20.75% 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.
Zhejiang Meilun Elevator Co Gross Margin % Related Terms
Zhejiang Meilun Elevator 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:603321 vs GEV, ETN, PH: Gross Margin % Comparison
For the Specialty Industrial Machinery subindustry, Zhejiang Meilun Elevator 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.
Zhejiang Meilun Elevator Co Gross Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Zhejiang Meilun Elevator Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Zhejiang Meilun Elevator 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.
Zhejiang Meilun Elevator Co (SHSE:603321) has a Gross Margin % of 20.75% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Zhejiang Meilun Elevator Co and its competitors. This is 16% below median its historical median of 24.82. Over the past decade, Zhejiang Meilun Elevator Co's Gross Margin % has ranged from 21.40 to 33.57. According to the industry distribution chart, Zhejiang Meilun Elevator Co ranks #1959 out of 2996 companies in the Industrial Products industry, placing it in the top 65.4%.
Is Zhejiang Meilun Elevator Co's Gross Margin % too high?
Zhejiang Meilun Elevator Co's current Gross Margin % of 20.75% is 16% below median its 10-year median of 24.82. Over the past 10 years, this metric has ranged from a low of 21.40 to a high of 33.57. The Industrial Products industry median Gross Margin % is 26.82. Zhejiang Meilun Elevator Co's value of 20.75% is 22.6% below this industry median. Based on the distribution chart, Zhejiang Meilun Elevator Co ranks #1959 out of 2996 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Zhejiang Meilun Elevator Co has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Meilun Elevator Co's Gross Margin % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Zhejiang Meilun Elevator Co ranks #1959 out of 2996 companies for Gross Margin %. This places Zhejiang Meilun Elevator Co in the lower half of its industry. The industry median Gross Margin % is 26.82. Zhejiang Meilun Elevator Co's value of 20.75% is 22.6% below this benchmark. Historically, Zhejiang Meilun Elevator Co's own Gross Margin % has ranged from 21.40 to 33.57 over the past decade. While the company's 10-year median is 24.82 vs. the industry median of 26.82, Zhejiang Meilun Elevator 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 26.82, 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. Zhejiang Meilun Elevator Co's current Gross Margin % of 20.75% is 22.6% 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 Zhejiang Meilun Elevator Co and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Meilun Elevator Co's current Gross Margin % is 20.75%, which is 16% below median its own 10-year median of 24.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Meilun Elevator Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Meilun Elevator Co (SHSE:603321) is currently considered Fairly Valued. The stock's GF Value™ is ¥5.24, compared to a current price of ¥5.69 — trading 8.6% above its estimated fair value. The current Gross Margin % is 20.75%, which is 16% below median its 10-year median of 24.82 and 22.6% below the Industrial Products industry median of 26.82. Zhejiang Meilun Elevator Co's overall GF Score™ is 58/100 with 7 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 Zhejiang Meilun Elevator Co (SHSE:603321), the current Gross Margin % is 20.75% 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 Zhejiang Meilun Elevator Co (SHSE:603321) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Meilun Elevator Co stock appears to be overvalued.
The current stock price of ¥5.69 is trading 8.6% above its estimated GF Value™ of ¥5.24.
GuruFocus considers Zhejiang Meilun Elevator Co to be Fairly Valued.
Key valuation signals for SHSE:603321:
Gross Margin %: 20.75% (16% below median its 10-year median of 24.82)
GF Value™: ¥5.24 vs. price of ¥5.69 (8.6% above fair value)
Industry Position: 22.6% below the Industrial Products median (#1959 of 2996)
No single metric tells the full story. See the SHSE:603321 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Meilun Elevator Co Ltd operates in the elevator industrial field. The company is mainly engaged in the production and sales of passenger elevators, escalators, moving walkways, and accessory parts, installation and maintenance of the whole product. The main products include passenger elevators, freight elevators, medical ladders, sightseeing ladders, escalators, automatic sidewalks, three-dimensional garages, and accessories. The products are widely used in residential areas, shopping malls, hotels, and public facilities.
58GF Score
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