Shenzhen Qingyi PhotomaskSHSE:688138 +10.15%82 Gross Margin % is 31.28% as of Mar. 2026, which is 1% above its 10-year median of 30.88. GuruFocus rates SHSE:688138 with a GF Score™ of 82/100 and a GF Value™ of ¥30.98 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,450 Hardware companies, Shenzhen Qingyi Photomask ranks better than 61.84% on this metric.
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
Shenzhen Qingyi Photomask had a gross margin of 31.28% 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.
Shenzhen Qingyi Photomask Gross Margin % Related Terms
Shenzhen Qingyi Photomask 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:688138 vs APH, GLW: Gross Margin % Comparison
For the Electronic Components subindustry, Shenzhen Qingyi Photomask'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.
Shenzhen Qingyi Photomask Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Shenzhen Qingyi Photomask's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Shenzhen Qingyi Photomask'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.
Shenzhen Qingyi Photomask (SHSE:688138) has a Gross Margin % of 31.28% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Shenzhen Qingyi Photomask and its competitors. This is near median its historical median of 30.88. Over the past decade, Shenzhen Qingyi Photomask's Gross Margin % has ranged from 25.03 to 33.56. According to the industry distribution chart, Shenzhen Qingyi Photomask ranks #935 out of 2450 companies in the Hardware industry, placing it in the top 38.2%.
Is Shenzhen Qingyi Photomask's Gross Margin % too high?
Shenzhen Qingyi Photomask's current Gross Margin % of 31.28% is near median its 10-year median of 30.88. Over the past 10 years, this metric has ranged from a low of 25.03 to a high of 33.56. The Hardware industry median Gross Margin % is 24.50. Shenzhen Qingyi Photomask's value of 31.28% is 27.7% above this industry median. Based on the distribution chart, Shenzhen Qingyi Photomask ranks #935 out of 2450 companies in the Hardware industry, which is above the industry midpoint. Overall, Shenzhen Qingyi Photomask has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Qingyi Photomask's Gross Margin % compare to APH and GLW?
According to the Hardware industry distribution chart, Shenzhen Qingyi Photomask ranks #935 out of 2450 companies for Gross Margin %. This puts Shenzhen Qingyi Photomask in the upper half of its industry. The industry median Gross Margin % is 24.50. Shenzhen Qingyi Photomask's value of 31.28% is 27.7% above this benchmark. Historically, Shenzhen Qingyi Photomask's own Gross Margin % has ranged from 25.03 to 33.56 over the past decade. While the company's 10-year median is 30.88 vs. the industry median of 24.50, Shenzhen Qingyi Photomask 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 Hardware company?
The median Gross Margin % among Hardware companies is 24.50, based on 2,450 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. Shenzhen Qingyi Photomask's current Gross Margin % of 31.28% is 27.7% 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 Shenzhen Qingyi Photomask and its competitors. For the Hardware industry, the median Gross Margin % is 24.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenzhen Qingyi Photomask's current Gross Margin % is 31.28%, which is near median its own 10-year median of 30.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Qingyi Photomask stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Qingyi Photomask (SHSE:688138) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥30.98, compared to a current price of ¥45.70 — trading 47.5% above its estimated fair value. The current Gross Margin % is 31.28%, which is near median its 10-year median of 30.88 and 27.7% above the Hardware industry median of 24.50. Shenzhen Qingyi Photomask's overall GF Score™ is 82/100 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 Shenzhen Qingyi Photomask (SHSE:688138), the current Gross Margin % is 31.28% 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 Shenzhen Qingyi Photomask (SHSE:688138) Overvalued in 2026?
Based on GuruFocus' analysis, Shenzhen Qingyi Photomask stock appears to be overvalued.
The current stock price of ¥45.70 is trading 47.5% above its estimated GF Value™ of ¥30.98.
GuruFocus considers Shenzhen Qingyi Photomask to be Significantly Overvalued.
Key valuation signals for SHSE:688138:
Gross Margin %: 31.28% (near median its 10-year median of 30.88)
GF Value™: ¥30.98 vs. price of ¥45.70 (47.5% above fair value)
Industry Position: 27.7% above the Hardware median (#935 of 2450)
No single metric tells the full story. See the SHSE:688138 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shenzhen Qingyi Photomask Ltd is a manufacturer of high precision mask that integrates research, design, production and sales with the technology in China. Its products include TFT, color STN, STN and TNLCD chrome plate mask, EL, OLED chrome plate mask; PDP, VFD chrome plate mask, and IC capsulation, HDI, including chrome plate mask and dry mask, such as BGA, CSP, and BUMPING.
82GF Score
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