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CHN Energy Changyuan Electric Power Co (SZSE:000966) Gross Margin % : 15.75% (As of Sep. 2024)


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What is CHN Energy Changyuan Electric Power Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. CHN Energy Changyuan Electric Power Co's Gross Profit for the three months ended in Sep. 2024 was ¥785 Mil. CHN Energy Changyuan Electric Power Co's Revenue for the three months ended in Sep. 2024 was ¥4,985 Mil. Therefore, CHN Energy Changyuan Electric Power Co's Gross Margin % for the quarter that ended in Sep. 2024 was 15.75%.

Warning Sign:

CHN Energy Changyuan Electric Power Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -17.3%.


The historical rank and industry rank for CHN Energy Changyuan Electric Power Co's Gross Margin % or its related term are showing as below:

SZSE:000966' s Gross Margin % Range Over the Past 10 Years
Min: 1.33   Med: 11.73   Max: 32.19
Current: 10.24


During the past 13 years, the highest Gross Margin % of CHN Energy Changyuan Electric Power Co was 32.19%. The lowest was 1.33%. And the median was 11.73%.

SZSE:000966's Gross Margin % is ranked worse than
87.55% of 490 companies
in the Utilities - Regulated industry
Industry Median: 30.425 vs SZSE:000966: 10.24

CHN Energy Changyuan Electric Power Co had a gross margin of 15.75% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for CHN Energy Changyuan Electric Power Co was -17.30% per year.


CHN Energy Changyuan Electric Power Co Gross Margin % Historical Data

The historical data trend for CHN Energy Changyuan Electric Power 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.

* Premium members only.

CHN Energy Changyuan Electric Power Co Gross Margin % Chart

CHN Energy Changyuan Electric Power Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.15 13.49 1.33 4.84 8.65

CHN Energy Changyuan Electric Power Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 12.76 -1.09 12.65 11.62 15.75

Competitive Comparison of CHN Energy Changyuan Electric Power Co's Gross Margin %

For the Utilities - Regulated Electric subindustry, CHN Energy Changyuan Electric Power 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.


CHN Energy Changyuan Electric Power Co's Gross Margin % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CHN Energy Changyuan Electric Power Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where CHN Energy Changyuan Electric Power Co's Gross Margin % falls into.



CHN Energy Changyuan Electric Power Co Gross Margin % Calculation

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

CHN Energy Changyuan Electric Power Co's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=1250 / 14457.133
=(Revenue - Cost of Goods Sold) / Revenue
=(14457.133 - 13207.122) / 14457.133
=8.65 %

CHN Energy Changyuan Electric Power Co's Gross Margin for the quarter that ended in Sep. 2024 is calculated as


Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=785.3 / 4984.847
=(Revenue - Cost of Goods Sold) / Revenue
=(4984.847 - 4199.533) / 4984.847
=15.75 %

* 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.


CHN Energy Changyuan Electric Power Co  (SZSE:000966) 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

CHN Energy Changyuan Electric Power Co had a gross margin of 15.75% for the quarter that ended in Sep. 2024 => 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.


CHN Energy Changyuan Electric Power Co Gross Margin % Related Terms

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CHN Energy Changyuan Electric Power Co Business Description

Traded in Other Exchanges
N/A
Address
No. 113 Xudong Street, Guodian Building, Hongshan District, Hubei, Wuhan, CHN, 430066
CHN Energy Changyuan Electric Power Co Ltd Ltd is engaged in the generation and distribution of thermal power, electrical power, and coal. The company operates its businesses principally in the Hubei province.
Executives
Shen Ye Directors, executives
Hu Wen Sen Executives
Xiao Hong Jiang Director

CHN Energy Changyuan Electric Power Co Headlines

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