Shanghai Shine-Link International Logistics Co (SHSE:603648) Gross Margin %: 22.16% (As of Mar. 2026) — 11% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:603648 Shanghai Shine-Link International Logistics Co Ltd SHSE:603648
67 GF Score
Price ¥9.05
GF Value ¥9.09
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Shanghai Shine-Link International Logistics Co Gross Margin %?

Shanghai Shine-Link International Logistics Co SHSE:603648 +0.67% 67 Gross Margin % is 22.16% as of Mar. 2026, which is 11% above its 10-year median of 19.89. GuruFocus rates SHSE:603648 with a GF Score™ of 67/100 and a GF Value™ of ¥9.09 (Fairly Valued). The stock has 2 warning signs investors should review. Among 982 Transportation companies, Shanghai Shine-Link International Logistics Co ranks worse than 50.61% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Shanghai Shine-Link International Logistics Co's Gross Profit for the three months ended in Mar. 2026 was ¥81 Mil. Shanghai Shine-Link International Logistics Co's Revenue for the three months ended in Mar. 2026 was ¥367 Mil. Therefore, Shanghai Shine-Link International Logistics Co's Gross Margin % for the quarter that ended in Mar. 2026 was 22.16%.


The historical rank and industry rank for Shanghai Shine-Link International Logistics Co's Gross Margin % or its related term are showing as below:

SHSE:603648' s Gross Margin % Range Over the Past 10 Years
Min: 16.93   Med: 19.89   Max: 26.22
Current: 20.35


During the past 13 years, the highest Gross Margin % of Shanghai Shine-Link International Logistics Co was 26.22%. The lowest was 16.93%. And the median was 19.89%.

SHSE:603648's Gross Margin % is ranked worse than
50.61% of 982 companies
in the Transportation industry
Industry Median: 20.585 vs SHSE:603648: 20.35

Shanghai Shine-Link International Logistics Co had a gross margin of 22.16% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Shanghai Shine-Link International Logistics Co was 3.30% per year.


Shanghai Shine-Link International Logistics Co  (SHSE:603648) 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

Shanghai Shine-Link International Logistics Co had a gross margin of 22.16% 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.


Shanghai Shine-Link International Logistics Co Gross Margin % Related Terms


Shanghai Shine-Link International Logistics Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Shanghai Shine-Link International Logistics 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.

Shanghai Shine-Link International Logistics Co Gross Margin % Chart

Shanghai Shine-Link International Logistics Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.59 19.10 19.42 21.69 19.90

Shanghai Shine-Link International Logistics Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.26 20.73 17.23 21.42 22.16

SHSE:603648 vs UPS, FDX, JBHT: Gross Margin % Comparison

For the Integrated Freight & Logistics subindustry, Shanghai Shine-Link International Logistics 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.


Shanghai Shine-Link International Logistics Co Gross Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Shanghai Shine-Link International Logistics Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Shanghai Shine-Link International Logistics Co's Gross Margin % falls into.


SHSE:603648
67GF Score
Shanghai Shine-Link International Logistics Co Ltd SHSE:603648
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai Shine-Link International Logistics Co Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Shanghai Shine-Link International Logistics Co's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=305.9 / 1537.224
=(Revenue - Cost of Goods Sold) / Revenue
=(1537.224 - 1231.368) / 1537.224
=19.90 %

Shanghai Shine-Link International Logistics Co's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=81.3 / 366.841
=(Revenue - Cost of Goods Sold) / Revenue
=(366.841 - 285.532) / 366.841
=22.16 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 22.16% mean?
Shanghai Shine-Link International Logistics Co (SHSE:603648) has a Gross Margin % of 22.16% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Shanghai Shine-Link International Logistics Co and its competitors. This is 11% above median its historical median of 19.89. Over the past decade, Shanghai Shine-Link International Logistics Co's Gross Margin % has ranged from 16.93 to 26.22. According to the industry distribution chart, Shanghai Shine-Link International Logistics Co ranks #497 out of 982 companies in the Transportation industry, placing it in the top 50.6%.
Is Shanghai Shine-Link International Logistics Co's Gross Margin % too high?
Shanghai Shine-Link International Logistics Co's current Gross Margin % of 22.16% is 11% above median its 10-year median of 19.89. Over the past 10 years, this metric has ranged from a low of 16.93 to a high of 26.22. The Transportation industry median Gross Margin % is 20.59. Shanghai Shine-Link International Logistics Co's value of 22.16% is 7.7% above this industry median. Based on the distribution chart, Shanghai Shine-Link International Logistics Co ranks #497 out of 982 companies in the Transportation industry, which is below the industry midpoint. Overall, Shanghai Shine-Link International Logistics Co has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Shine-Link International Logistics Co's Gross Margin % compare to UPS and FDX?
According to the Transportation industry distribution chart, Shanghai Shine-Link International Logistics Co ranks #497 out of 982 companies for Gross Margin %. This places Shanghai Shine-Link International Logistics Co in the lower half of its industry. The industry median Gross Margin % is 20.59. Shanghai Shine-Link International Logistics Co's value of 22.16% is 7.7% above this benchmark. Historically, Shanghai Shine-Link International Logistics Co's own Gross Margin % has ranged from 16.93 to 26.22 over the past decade. While the company's 10-year median is 19.89 vs. the industry median of 20.59, Shanghai Shine-Link International Logistics Co has consistently been above 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 Transportation company?
The median Gross Margin % among Transportation companies is 20.59, based on 982 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. Shanghai Shine-Link International Logistics Co's current Gross Margin % of 22.16% is 7.7% above 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 Shanghai Shine-Link International Logistics Co and its competitors. For the Transportation industry, the median Gross Margin % is 20.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Shine-Link International Logistics Co's current Gross Margin % is 22.16%, which is 11% above median its own 10-year median of 19.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Shine-Link International Logistics Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Shine-Link International Logistics Co (SHSE:603648) is currently considered Fairly Valued. The stock's GF Value™ is ¥9.09, compared to a current price of ¥9.05 — trading 0.4% below its estimated fair value. The current Gross Margin % is 22.16%, which is 11% above median its 10-year median of 19.89 and 7.7% above the Transportation industry median of 20.59. Shanghai Shine-Link International Logistics Co's overall GF Score™ is 67/100 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 Shanghai Shine-Link International Logistics Co (SHSE:603648), the current Gross Margin % is 22.16% 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 Shanghai Shine-Link International Logistics Co (SHSE:603648) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Shine-Link International Logistics Co stock appears to be undervalued. The current stock price of ¥9.05 is trading 0.4% below its estimated GF Value™ of ¥9.09. GuruFocus considers Shanghai Shine-Link International Logistics Co to be Fairly Valued.

Key valuation signals for SHSE:603648:

  • Gross Margin %: 22.16% (11% above median its 10-year median of 19.89)
  • GF Value™: ¥9.09 vs. price of ¥9.05 (0.4% below fair value)
  • GF Score™: 67/100 with 2 warning signs
  • Industry Position: 7.7% above the Transportation median (#497 of 982)

No single metric tells the full story. See the SHSE:603648 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Shine-Link International Logistics Co Business Description

Address No.68 ,Ri Jing Road, Waigaoqiao Free Trade Zone, Shanghai, CHN, 200131
Shanghai Shine-Link International Logistics Co Ltd is the third-party logistics company. It focuses on providing lean supply chain management services to international multinational companies. Its service portfolio consists of customs clearance, customs inspection, transportation, warehousing management, lean inventory management service, regional and distribution centre service, deferred declaration of handbook service, and overland transport service. In addition, the company also provides integrated lean supply chain model for medical equipment industry.
67GF Score

Get the complete analysis for SHSE:603648

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥9.05
Price
¥9.09
GF Value