Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) Gross Margin %: 26.02% (As of Mar. 2026) — 28% Below Median

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SHSE:603682 Shanghai Golden Union Commercial Management (Group) Co Ltd SHSE:603682
73 GF Score
Price ¥10.56
GF Value ¥7.06
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Shanghai Golden Union Commercial Management (Group) Co Gross Margin %?

Shanghai Golden Union Commercial Management (Group) Co SHSE:603682 +10.00% 73 Gross Margin % is 26.02% as of Mar. 2026, which is 28% below its 10-year median of 36.08. GuruFocus rates SHSE:603682 with a GF Score™ of 73/100 and a GF Value™ of ¥7.06 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,639 Real Estate companies, Shanghai Golden Union Commercial Management (Group) Co ranks worse than 69.25% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Shanghai Golden Union Commercial Management (Group) Co's Gross Profit for the three months ended in Mar. 2026 was ¥59.1 Mil. Shanghai Golden Union Commercial Management (Group) Co's Revenue for the three months ended in Mar. 2026 was ¥227.2 Mil. Therefore, Shanghai Golden Union Commercial Management (Group) Co's Gross Margin % for the quarter that ended in Mar. 2026 was 26.02%.

Warning Sign:

Shanghai Golden Union Commercial Management (Group) Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -9.1%.


The historical rank and industry rank for Shanghai Golden Union Commercial Management (Group) Co's Gross Margin % or its related term are showing as below:

SHSE:603682' s Gross Margin % Range Over the Past 10 Years
Min: 24.04   Med: 36.08   Max: 40.57
Current: 24.05


During the past 13 years, the highest Gross Margin % of Shanghai Golden Union Commercial Management (Group) Co was 40.57%. The lowest was 24.04%. And the median was 36.08%.

SHSE:603682's Gross Margin % is ranked worse than
69.25% of 1639 companies
in the Real Estate industry
Industry Median: 36.7 vs SHSE:603682: 24.05

Shanghai Golden Union Commercial Management (Group) Co had a gross margin of 26.02% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Shanghai Golden Union Commercial Management (Group) Co was -9.10% per year.


Shanghai Golden Union Commercial Management (Group) Co  (SHSE:603682) 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 Golden Union Commercial Management (Group) Co had a gross margin of 26.02% 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 Golden Union Commercial Management (Group) Co Gross Margin % Related Terms


Shanghai Golden Union Commercial Management (Group) Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Shanghai Golden Union Commercial Management (Group) 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 Golden Union Commercial Management (Group) Co Gross Margin % Chart

Shanghai Golden Union Commercial Management (Group) 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 39.30 40.57 28.68 25.82 24.04

Shanghai Golden Union Commercial Management (Group) 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 25.86 20.76 25.85 23.78 26.02

SHSE:603682 vs CBRE, BEKE, JLL: Gross Margin % Comparison

For the Real Estate Services subindustry, Shanghai Golden Union Commercial Management (Group) 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 Golden Union Commercial Management (Group) Co Gross Margin % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Shanghai Golden Union Commercial Management (Group) Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Shanghai Golden Union Commercial Management (Group) Co's Gross Margin % falls into.


SHSE:603682
73GF Score
Shanghai Golden Union Commercial Management (Group) Co Ltd SHSE:603682
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai Golden Union Commercial Management (Group) Co Gross Margin % Calculation

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

Shanghai Golden Union Commercial Management (Group) 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 )
=227.5 / 946.617
=(Revenue - Cost of Goods Sold) / Revenue
=(946.617 - 719.093) / 946.617
=24.04 %

Shanghai Golden Union Commercial Management (Group) 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 )
=59.1 / 227.215
=(Revenue - Cost of Goods Sold) / Revenue
=(227.215 - 168.086) / 227.215
=26.02 %

* 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 26.02% mean?
Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) has a Gross Margin % of 26.02% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Shanghai Golden Union Commercial Management (Group) Co and its competitors. This is 28% below median its historical median of 36.08. Over the past decade, Shanghai Golden Union Commercial Management (Group) Co's Gross Margin % has ranged from 24.04 to 40.57. According to the industry distribution chart, Shanghai Golden Union Commercial Management (Group) Co ranks #1135 out of 1639 companies in the Real Estate industry, placing it in the top 69.2%.
Is Shanghai Golden Union Commercial Management (Group) Co's Gross Margin % too high?
Shanghai Golden Union Commercial Management (Group) Co's current Gross Margin % of 26.02% is 28% below median its 10-year median of 36.08. Over the past 10 years, this metric has ranged from a low of 24.04 to a high of 40.57. The Real Estate industry median Gross Margin % is 36.70. Shanghai Golden Union Commercial Management (Group) Co's value of 26.02% is 29.1% below this industry median. Based on the distribution chart, Shanghai Golden Union Commercial Management (Group) Co ranks #1135 out of 1639 companies in the Real Estate industry, which is below the industry midpoint. Overall, Shanghai Golden Union Commercial Management (Group) Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Golden Union Commercial Management (Group) Co's Gross Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Shanghai Golden Union Commercial Management (Group) Co ranks #1135 out of 1639 companies for Gross Margin %. This places Shanghai Golden Union Commercial Management (Group) Co in the lower half of its industry. The industry median Gross Margin % is 36.70. Shanghai Golden Union Commercial Management (Group) Co's value of 26.02% is 29.1% below this benchmark. Historically, Shanghai Golden Union Commercial Management (Group) Co's own Gross Margin % has ranged from 24.04 to 40.57 over the past decade. While the company's 10-year median is 36.08 vs. the industry median of 36.70, Shanghai Golden Union Commercial Management (Group) 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 Real Estate company?
The median Gross Margin % among Real Estate companies is 36.70, based on 1,639 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 Golden Union Commercial Management (Group) Co's current Gross Margin % of 26.02% is 29.1% 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 Shanghai Golden Union Commercial Management (Group) Co and its competitors. For the Real Estate industry, the median Gross Margin % is 36.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Golden Union Commercial Management (Group) Co's current Gross Margin % is 26.02%, which is 28% below median its own 10-year median of 36.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Golden Union Commercial Management (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥7.06, compared to a current price of ¥10.56 — trading 49.6% above its estimated fair value. The current Gross Margin % is 26.02%, which is 28% below median its 10-year median of 36.08 and 29.1% below the Real Estate industry median of 36.70. Shanghai Golden Union Commercial Management (Group) Co's overall GF Score™ is 73/100 with 9 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 Golden Union Commercial Management (Group) Co (SHSE:603682), the current Gross Margin % is 26.02% 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 Golden Union Commercial Management (Group) Co (SHSE:603682) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Golden Union Commercial Management (Group) Co stock appears to be overvalued. The current stock price of ¥10.56 is trading 49.6% above its estimated GF Value™ of ¥7.06. GuruFocus considers Shanghai Golden Union Commercial Management (Group) Co to be Significantly Overvalued.

Key valuation signals for SHSE:603682:

  • Gross Margin %: 26.02% (28% below median its 10-year median of 36.08)
  • GF Value™: ¥7.06 vs. price of ¥10.56 (49.6% above fair value)
  • GF Score™: 73/100 with 9 warning signs
  • Industry Position: 29.1% below the Real Estate median (#1135 of 1639)

No single metric tells the full story. See the SHSE:603682 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Golden Union Commercial Management (Group) Co Business Description

Address No. 68 Hongcao Road, 18th Floor, Building 43, Jinhe Center, Xuhui District, Shanghai, CHN, 200233
Shanghai Golden Union Commercial Management (Group) Co Ltd is engaged in positioning design, transformation and operation management of industrial parks and creative industrial parks. The company specializes in the field of urban renewal and provides a one-stop service for the entire value chain of existing commercial properties in cities. Its services improve the value of properties through remarketing, design and transformation of old properties, investment management, and improve the appearance of the city while tapping the historical context of architecture to promote the incubation of cultural and creative industries.
73GF Score

Get the complete analysis for SHSE:603682

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

¥10.56
Price
¥7.06
GF Value