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Huisheng International Holdings (HKSE:01340) Gross Profit : HK$0.56 Mil (TTM As of Jun. 2024)


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What is Huisheng International Holdings Gross Profit?

Huisheng International Holdings's gross profit for the six months ended in Jun. 2024 was HK$-1.97 Mil. Huisheng International Holdings's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was HK$0.56 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Huisheng International Holdings's gross profit for the six months ended in Jun. 2024 was HK$-1.97 Mil. Huisheng International Holdings's Revenue for the six months ended in Jun. 2024 was HK$34.25 Mil. Therefore, Huisheng International Holdings's Gross Margin % for the quarter that ended in Jun. 2024 was -5.76%.

Huisheng International Holdings had a gross margin of -5.76% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Huisheng International Holdings was 12.85%. The lowest was -7.02%. And the median was 2.86%.


Huisheng International Holdings Gross Profit Historical Data

The historical data trend for Huisheng International Holdings's Gross Profit 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.

Huisheng International Holdings Gross Profit Chart

Huisheng International Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.47 3.19 2.06 0.15 0.58

Huisheng International Holdings Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Gross Profit 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 3.54 1.88 -1.73 -1.97 2.54

Competitive Comparison of Huisheng International Holdings's Gross Profit

For the Packaged Foods subindustry, Huisheng International Holdings's Gross Profit, along with its competitors' market caps and Gross Profit 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.


Huisheng International Holdings's Gross Profit Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Huisheng International Holdings's Gross Profit distribution charts can be found below:

* The bar in red indicates where Huisheng International Holdings's Gross Profit falls into.


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Huisheng International Holdings Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Huisheng International Holdings's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=74.702 - 74.551
=0.15

Huisheng International Holdings's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=34.252 - 36.225
=-1.97

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0.56 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Huisheng International Holdings's Gross Margin % for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=-1.97 / 34.252
=-5.76 %

* 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.


Huisheng International Holdings  (HKSE:01340) Gross Profit 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

Huisheng International Holdings had a gross margin of -5.76% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage


Huisheng International Holdings Gross Profit Related Terms

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Huisheng International Holdings Business Description

Traded in Other Exchanges
N/A
Address
Hejiaping Housing Committee, Unit 4, Deshan Town Economic and Technological Development Zone, Hunan Province, Changde, CHN
Huisheng International Holdings Ltd is principally engaged in the production and sale of pork and related meat food products for the domestic market as well as hog breeding and hog farming in Changde, Hunan Province, the People's Republic of China. The company has two operating segments; The slaughtering and trading of pork products segment includes slaughtering and trading of pork products, and the Pipe system products segment includes selling and distributing pipe system products and conducting the provision of technical advisory services on the design, application, implementation, and installation. its geographic areas are the PRC and Japan. Geographically the company generates a majority of its revenue from China.

Huisheng International Holdings Headlines

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