Bio-Thera Solutions (SHSE:688177) Gross Margin %: 81.34% (As of Mar. 2026) — 12% Above Median

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SHSE:688177 Bio-Thera Solutions Ltd SHSE:688177
57 GF Score
Price ¥16.58
GF Value ¥33.46
Valuation Possible Value Trap
! 5 Warning Signs
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What is Bio-Thera Solutions Gross Margin %?

Bio-Thera Solutions SHSE:688177 -3.38% 57 Gross Margin % is 81.34% as of Mar. 2026, which is 12% above its 10-year median of 72.57. GuruFocus rates SHSE:688177 with a GF Score™ of 57/100 and a GF Value™ of ¥33.46 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 733 Biotechnology companies, Bio-Thera Solutions ranks better than 72.44% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Bio-Thera Solutions's Gross Profit for the three months ended in Mar. 2026 was ¥204.6 Mil. Bio-Thera Solutions's Revenue for the three months ended in Mar. 2026 was ¥251.6 Mil. Therefore, Bio-Thera Solutions's Gross Margin % for the quarter that ended in Mar. 2026 was 81.34%.

Warning Sign:

Bio-Thera Solutions Ltd gross margin has been in long-term decline. The average rate of decline per year is -3.8%.


The historical rank and industry rank for Bio-Thera Solutions's Gross Margin % or its related term are showing as below:

SHSE:688177' s Gross Margin % Range Over the Past 10 Years
Min: 30.46   Med: 72.57   Max: 95.74
Current: 79.94


During the past 10 years, the highest Gross Margin % of Bio-Thera Solutions was 95.74%. The lowest was 30.46%. And the median was 72.57%.

SHSE:688177's Gross Margin % is ranked better than
72.44% of 733 companies
in the Biotechnology industry
Industry Median: 60.9 vs SHSE:688177: 79.94

Bio-Thera Solutions had a gross margin of 81.34% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Bio-Thera Solutions was -3.80% per year.


Bio-Thera Solutions  (SHSE:688177) 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

Bio-Thera Solutions had a gross margin of 81.34% 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.


Bio-Thera Solutions Gross Margin % Related Terms


Bio-Thera Solutions Gross Margin % Historical Data

* Premium members only.

The historical data trend for Bio-Thera Solutions'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.

Bio-Thera Solutions Gross Margin % Chart

Bio-Thera Solutions 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 95.74 58.12 72.57 69.11 78.91

Bio-Thera Solutions 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 76.99 78.43 79.30 80.56 81.34

SHSE:688177 vs VRTX, REGN, ALNY: Gross Margin % Comparison

For the Biotechnology subindustry, Bio-Thera Solutions'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.


Bio-Thera Solutions Gross Margin % vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Bio-Thera Solutions's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Bio-Thera Solutions's Gross Margin % falls into.


SHSE:688177
57GF Score
Bio-Thera Solutions Ltd SHSE:688177
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bio-Thera Solutions Gross Margin % Calculation

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

Bio-Thera Solutions'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 )
=738 / 935.217
=(Revenue - Cost of Goods Sold) / Revenue
=(935.217 - 197.22) / 935.217
=78.91 %

Bio-Thera Solutions'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 )
=204.6 / 251.587
=(Revenue - Cost of Goods Sold) / Revenue
=(251.587 - 46.941) / 251.587
=81.34 %

* 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 81.34% mean?
Bio-Thera Solutions (SHSE:688177) has a Gross Margin % of 81.34% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Bio-Thera Solutions and its competitors. This is 12% above median its historical median of 72.57. Over the past decade, Bio-Thera Solutions' Gross Margin % has ranged from 30.46 to 95.74. According to the industry distribution chart, Bio-Thera Solutions ranks #202 out of 733 companies in the Biotechnology industry, placing it in the top 27.6%.
Is Bio-Thera Solutions' Gross Margin % too high?
Bio-Thera Solutions' current Gross Margin % of 81.34% is 12% above median its 10-year median of 72.57. Over the past 10 years, this metric has ranged from a low of 30.46 to a high of 95.74. The Biotechnology industry median Gross Margin % is 60.90. Bio-Thera Solutions' value of 81.34% is 33.6% above this industry median. Based on the distribution chart, Bio-Thera Solutions ranks #202 out of 733 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Bio-Thera Solutions has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bio-Thera Solutions' Gross Margin % compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Bio-Thera Solutions ranks #202 out of 733 companies for Gross Margin %. This puts Bio-Thera Solutions in the upper half of its industry. The industry median Gross Margin % is 60.90. Bio-Thera Solutions' value of 81.34% is 33.6% above this benchmark. Historically, Bio-Thera Solutions' own Gross Margin % has ranged from 30.46 to 95.74 over the past decade. While the company's 10-year median is 72.57 vs. the industry median of 60.90, Bio-Thera Solutions 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 Biotechnology company?
The median Gross Margin % among Biotechnology companies is 60.90, based on 733 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. Bio-Thera Solutions's current Gross Margin % of 81.34% is 33.6% 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 Bio-Thera Solutions and its competitors. For the Biotechnology industry, the median Gross Margin % is 60.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bio-Thera Solutions's current Gross Margin % is 81.34%, which is 12% above median its own 10-year median of 72.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bio-Thera Solutions stock overvalued right now?
Based on GuruFocus' analysis, Bio-Thera Solutions (SHSE:688177) is currently considered Possible Value Trap. The stock's GF Value™ is ¥33.46, compared to a current price of ¥16.58 — trading 50.4% below its estimated fair value. The current Gross Margin % is 81.34%, which is 12% above median its 10-year median of 72.57 and 33.6% above the Biotechnology industry median of 60.90. Bio-Thera Solutions' overall GF Score™ is 57/100 with 5 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 Bio-Thera Solutions (SHSE:688177), the current Gross Margin % is 81.34% 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 Bio-Thera Solutions (SHSE:688177) Overvalued in 2026?

Based on GuruFocus' analysis, Bio-Thera Solutions stock appears to be undervalued. The current stock price of ¥16.58 is trading 50.4% below its estimated GF Value™ of ¥33.46. GuruFocus considers Bio-Thera Solutions to be Possible Value Trap.

Key valuation signals for SHSE:688177:

  • Gross Margin %: 81.34% (12% above median its 10-year median of 72.57)
  • GF Value™: ¥33.46 vs. price of ¥16.58 (50.4% below fair value)
  • GF Score™: 57/100 with 5 warning signs
  • Industry Position: 33.6% above the Biotechnology median (#202 of 733)

No single metric tells the full story. See the SHSE:688177 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bio-Thera Solutions Business Description

Address 5th Floor, Building A6, 11 Kaiyuan Avenue, Guangzhou High-tech Industrial Development Zone, Science City, Guangdong Province, Guangzhou, CHN, 510530
Bio-Thera Solutions Ltd is engaged in research, development, and production of drugs and biosimilars. The company provides drug research and development; biotechnology consulting and communication services; services; medical research and experimental development; biological drug manufacturing; and pharmaceuticals retail.
57GF Score

Get the complete analysis for SHSE:688177

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

¥16.58
Price
¥33.46
GF Value