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Qijing Machinery CoSHSE:603677 +0.30%67 Gross Margin % is 11.32% as of Mar. 2026, which is 22% below its 10-year median of 14.48. GuruFocus rates SHSE:603677 with a GF Score™ of 67/100 and a GF Value™ of ¥16.04 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,309 Vehicles & Parts companies, Qijing Machinery Co ranks worse than 80.44% on this metric.
Qijing Machinery Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.9%.
The historical rank and industry rank for Qijing Machinery Co's Gross Margin % or its related term are showing as below:
SHSE:603677'
s Gross Margin % Range Over the Past 10 Years
Min: 12.16 Med: 14.48 Max: 20.92
Current: 12.16
During the past 13 years, the highestGross Margin % of Qijing Machinery Co was 20.92%. The lowest was 12.16%. And the median was 14.48%.
SHSE:603677's Gross Margin % is ranked worse than 80.44% of 1309
companies
in the Vehicles & Parts industry
Industry Median: 19.77
vs SHSE:603677: 12.16
Qijing Machinery Co had a gross margin of 11.32% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Qijing Machinery Co was -1.90% per year.
Qijing Machinery Co (SHSE:603677) 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
Qijing Machinery Co had a gross margin of 11.32% 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.
Qijing Machinery Co Gross Margin % Related Terms
Qijing Machinery Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for Qijing Machinery 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:603677 vs ORLY, AZO: Gross Margin % Comparison
For the Auto Parts subindustry, Qijing Machinery 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.
Qijing Machinery Co Gross Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Qijing Machinery Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Qijing Machinery 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.
Qijing Machinery Co (SHSE:603677) has a Gross Margin % of 11.32% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Qijing Machinery Co and its competitors. This is 22% below median its historical median of 14.48. Over the past decade, Qijing Machinery Co's Gross Margin % has ranged from 12.16 to 20.92. According to the industry distribution chart, Qijing Machinery Co ranks #1053 out of 1309 companies in the Vehicles & Parts industry, placing it in the top 80.4%.
Is Qijing Machinery Co's Gross Margin % too high?
Qijing Machinery Co's current Gross Margin % of 11.32% is 22% below median its 10-year median of 14.48. Over the past 10 years, this metric has ranged from a low of 12.16 to a high of 20.92. The Vehicles & Parts industry median Gross Margin % is 19.77. Qijing Machinery Co's value of 11.32% is 42.7% below this industry median. Based on the distribution chart, Qijing Machinery Co ranks #1053 out of 1309 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Qijing Machinery Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Qijing Machinery Co's Gross Margin % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Qijing Machinery Co ranks #1053 out of 1309 companies for Gross Margin %. This places Qijing Machinery Co in the lower half of its industry. The industry median Gross Margin % is 19.77. Qijing Machinery Co's value of 11.32% is 42.7% below this benchmark. Historically, Qijing Machinery Co's own Gross Margin % has ranged from 12.16 to 20.92 over the past decade. While the company's 10-year median is 14.48 vs. the industry median of 19.77, Qijing Machinery 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 Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.77, based on 1,309 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. Qijing Machinery Co's current Gross Margin % of 11.32% is 42.7% 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 Qijing Machinery Co and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qijing Machinery Co's current Gross Margin % is 11.32%, which is 22% below median its own 10-year median of 14.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qijing Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, Qijing Machinery Co (SHSE:603677) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥16.04, compared to a current price of ¥13.31 — trading 17% below its estimated fair value. The current Gross Margin % is 11.32%, which is 22% below median its 10-year median of 14.48 and 42.7% below the Vehicles & Parts industry median of 19.77. Qijing Machinery Co's overall GF Score™ is 67/100 with 6 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 Qijing Machinery Co (SHSE:603677), the current Gross Margin % is 11.32% 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 Qijing Machinery Co (SHSE:603677) Overvalued in 2026?
Based on GuruFocus' analysis, Qijing Machinery Co stock appears to be undervalued.
The current stock price of ¥13.31 is trading 17% below its estimated GF Value™ of ¥16.04.
GuruFocus considers Qijing Machinery Co to be Modestly Undervalued.
Key valuation signals for SHSE:603677:
Gross Margin %: 11.32% (22% below median its 10-year median of 14.48)
GF Value™: ¥16.04 vs. price of ¥13.31 (17% below fair value)
Industry Position: 42.7% below the Vehicles & Parts median (#1053 of 1309)
No single metric tells the full story. See the SHSE:603677 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qijing Machinery Co Ltd is a China based manufacturing company focused on the fine machining process. It is engaged in the business of designing, manufacturing and selling of washing machine gearcase, home appliance parts, auto parts, and power tools.
67GF Score
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