Keli Sensing Technology (Ningbo) Co (SHSE:603662) Gross Margin %: 46.35% (As of Mar. 2026) — 13% 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:603662 Keli Sensing Technology (Ningbo) Co Ltd SHSE:603662
90 GF Score
Price ¥54.39
GF Value ¥60.79
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Keli Sensing Technology (Ningbo) Co Gross Margin %?

Keli Sensing Technology (Ningbo) Co SHSE:603662 +0.98% 90 Gross Margin % is 46.35% as of Mar. 2026, which is 13% above its 10-year median of 41.01. GuruFocus rates SHSE:603662 with a GF Score™ of 90/100 and a GF Value™ of ¥60.79 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,998 Industrial Products companies, Keli Sensing Technology (Ningbo) Co ranks better than 84.99% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Keli Sensing Technology (Ningbo) Co's Gross Profit for the three months ended in Mar. 2026 was ¥166 Mil. Keli Sensing Technology (Ningbo) Co's Revenue for the three months ended in Mar. 2026 was ¥358 Mil. Therefore, Keli Sensing Technology (Ningbo) Co's Gross Margin % for the quarter that ended in Mar. 2026 was 46.35%.


The historical rank and industry rank for Keli Sensing Technology (Ningbo) Co's Gross Margin % or its related term are showing as below:

SHSE:603662' s Gross Margin % Range Over the Past 10 Years
Min: 38.31   Med: 41.01   Max: 45.34
Current: 45.34


During the past 12 years, the highest Gross Margin % of Keli Sensing Technology (Ningbo) Co was 45.34%. The lowest was 38.31%. And the median was 41.01%.

SHSE:603662's Gross Margin % is ranked better than
84.99% of 2998 companies
in the Industrial Products industry
Industry Median: 26.8 vs SHSE:603662: 45.34

Keli Sensing Technology (Ningbo) Co had a gross margin of 46.35% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Keli Sensing Technology (Ningbo) Co was 2.50% per year.


Keli Sensing Technology (Ningbo) Co  (SHSE:603662) 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

Keli Sensing Technology (Ningbo) Co had a gross margin of 46.35% for the quarter that ended in Mar. 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.


Keli Sensing Technology (Ningbo) Co Gross Margin % Related Terms


Keli Sensing Technology (Ningbo) Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Keli Sensing Technology (Ningbo) 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.

Keli Sensing Technology (Ningbo) Co Gross Margin % Chart

Keli Sensing Technology (Ningbo) 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 38.31 40.24 43.05 43.12 44.83

Keli Sensing Technology (Ningbo) 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 43.95 44.11 44.25 46.45 46.35

SHSE:603662 vs VRT, BE: Gross Margin % Comparison

For the Electrical Equipment & Parts subindustry, Keli Sensing Technology (Ningbo) 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.


Keli Sensing Technology (Ningbo) Co Gross Margin % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Keli Sensing Technology (Ningbo) Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Keli Sensing Technology (Ningbo) Co's Gross Margin % falls into.


SHSE:603662
90GF Score
Keli Sensing Technology (Ningbo) Co Ltd SHSE:603662
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keli Sensing Technology (Ningbo) Co Gross Margin % Calculation

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

Keli Sensing Technology (Ningbo) 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 )
=698.6 / 1558.439
=(Revenue - Cost of Goods Sold) / Revenue
=(1558.439 - 859.797) / 1558.439
=44.83 %

Keli Sensing Technology (Ningbo) 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 )
=165.8 / 357.689
=(Revenue - Cost of Goods Sold) / Revenue
=(357.689 - 191.915) / 357.689
=46.35 %

* 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 46.35% mean?
Keli Sensing Technology (Ningbo) Co (SHSE:603662) has a Gross Margin % of 46.35% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Keli Sensing Technology (Ningbo) Co and its competitors. This is 13% above median its historical median of 41.01. Over the past decade, Keli Sensing Technology (Ningbo) Co's Gross Margin % has ranged from 38.31 to 45.34. According to the industry distribution chart, Keli Sensing Technology (Ningbo) Co ranks #450 out of 2998 companies in the Industrial Products industry, placing it in the top 15%.
Is Keli Sensing Technology (Ningbo) Co's Gross Margin % too high?
Keli Sensing Technology (Ningbo) Co's current Gross Margin % of 46.35% is 13% above median its 10-year median of 41.01. Over the past 10 years, this metric has ranged from a low of 38.31 to a high of 45.34. The Industrial Products industry median Gross Margin % is 26.80. Keli Sensing Technology (Ningbo) Co's value of 46.35% is 72.9% above this industry median. Based on the distribution chart, Keli Sensing Technology (Ningbo) Co ranks #450 out of 2998 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Keli Sensing Technology (Ningbo) Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Keli Sensing Technology (Ningbo) Co's Gross Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Keli Sensing Technology (Ningbo) Co ranks #450 out of 2998 companies for Gross Margin %. This places Keli Sensing Technology (Ningbo) Co in the top 15% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.80. Keli Sensing Technology (Ningbo) Co's value of 46.35% is 72.9% above this benchmark. Historically, Keli Sensing Technology (Ningbo) Co's own Gross Margin % has ranged from 38.31 to 45.34 over the past decade. While the company's 10-year median is 41.01 vs. the industry median of 26.80, Keli Sensing Technology (Ningbo) 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 an Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.80, based on 2,998 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. Keli Sensing Technology (Ningbo) Co's current Gross Margin % of 46.35% is 72.9% 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 Keli Sensing Technology (Ningbo) Co and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keli Sensing Technology (Ningbo) Co's current Gross Margin % is 46.35%, which is 13% above median its own 10-year median of 41.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keli Sensing Technology (Ningbo) Co stock overvalued right now?
Based on GuruFocus' analysis, Keli Sensing Technology (Ningbo) Co (SHSE:603662) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥60.79, compared to a current price of ¥54.39 — trading 10.5% below its estimated fair value. The current Gross Margin % is 46.35%, which is 13% above median its 10-year median of 41.01 and 72.9% above the Industrial Products industry median of 26.80. Keli Sensing Technology (Ningbo) Co's overall GF Score™ is 90/100 with 3 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 Keli Sensing Technology (Ningbo) Co (SHSE:603662), the current Gross Margin % is 46.35% 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 Keli Sensing Technology (Ningbo) Co (SHSE:603662) Overvalued in 2026?

Based on GuruFocus' analysis, Keli Sensing Technology (Ningbo) Co stock appears to be undervalued. The current stock price of ¥54.39 is trading 10.5% below its estimated GF Value™ of ¥60.79. GuruFocus considers Keli Sensing Technology (Ningbo) Co to be Modestly Undervalued.

Key valuation signals for SHSE:603662:

  • Gross Margin %: 46.35% (13% above median its 10-year median of 41.01)
  • GF Value™: ¥60.79 vs. price of ¥54.39 (10.5% below fair value)
  • GF Score™: 90/100 with 3 warning signs
  • Industry Position: 72.9% above the Industrial Products median (#450 of 2998)

No single metric tells the full story. See the SHSE:603662 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keli Sensing Technology (Ningbo) Co Business Description

Address No.199, Changxing Road, Jiangbei District, Zhejiang, Ningbo, CHN, 315033
Keli Sensing Technology (Ningbo) Co Ltd is engaged in the development, production and sales of strain gauge sensors, instruments and other components, providing system integration and dry mortar third-party system services.
90GF Score

Get the complete analysis for SHSE:603662

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

¥54.39
Price
¥60.79
GF Value