Zhongmiao Holdings (Qingdao) Co (HKSE:01471) Gross Profit : HK$84.5 Mil (TTM As of Dec. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Zhongmiao Holdings (Qingdao) Co Gross Profit?

Zhongmiao Holdings (Qingdao) Co's gross profit for the six months ended in Dec. 2024 was HK$44.4 Mil. Zhongmiao Holdings (Qingdao) Co's gross profit for the trailing twelve months (TTM) ended in Dec. 2024 was HK$84.5 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Zhongmiao Holdings (Qingdao) Co's gross profit for the six months ended in Dec. 2024 was HK$44.4 Mil. Zhongmiao Holdings (Qingdao) Co's Revenue for the six months ended in Dec. 2024 was HK$125.3 Mil. Therefore, Zhongmiao Holdings (Qingdao) Co's Gross Margin % for the quarter that ended in Dec. 2024 was 35.46%.

Zhongmiao Holdings (Qingdao) Co had a gross margin of 35.46% for the quarter that ended in Dec. 2024 => Competition eroding margins

During the past 4 years, the highest Gross Margin % of Zhongmiao Holdings (Qingdao) Co was 45.32%. The lowest was 38.30%. And the median was 41.44%.

Zhongmiao Holdings (Qingdao) Co Gross Profit Historical Data

The historical data trend for Zhongmiao Holdings (Qingdao) Co'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.

Zhongmiao Holdings (Qingdao) Co Gross Profit Chart

Zhongmiao Holdings (Qingdao) Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Gross Profit

58.83

75.11

81.50

84.16

Zhongmiao Holdings (Qingdao) Co Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Gross Profit	Get a 7-Day Free Trial			-	39.41	42.09	40.06	44.44

Competitive Comparison of Zhongmiao Holdings (Qingdao) Co's Gross Profit

For the Insurance Brokers subindustry, Zhongmiao Holdings (Qingdao) Co'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.

Zhongmiao Holdings (Qingdao) Co's Gross Profit Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Zhongmiao Holdings (Qingdao) Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Zhongmiao Holdings (Qingdao) Co's Gross Profit falls into.

Save Embed

;

Save Embed

;

Zhongmiao Holdings (Qingdao) Co Gross Profit Calculation

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

Zhongmiao Holdings (Qingdao) Co's Gross Profit for the fiscal year that ended in Dec. 2024 is calculated as

Gross Profit (A: Dec. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	219.756	-	135.594
	=	84.2

Zhongmiao Holdings (Qingdao) Co's Gross Profit for the quarter that ended in Dec. 2024 is calculated as

Gross Profit (Q: Dec. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	125.314	-	80.877
	=	44.4

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$84.5 Mil.

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

Zhongmiao Holdings (Qingdao) Co's Gross Margin % for the quarter that ended in Dec. 2024 is calculated as

Gross Margin % (Q: Dec. 2024 )	=	Gross Profit (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	44.4	/	125.314
	=	35.46 %

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.

Zhongmiao Holdings (Qingdao) Co (HKSE:01471) 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

Zhongmiao Holdings (Qingdao) Co had a gross margin of 35.46% for the quarter that ended in Dec. 2024 => Competition eroding margins

Zhongmiao Holdings (Qingdao) Co Gross Profit Related Terms

Thank you for viewing the detailed overview of Zhongmiao Holdings (Qingdao) Co's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhongmiao Holdings (Qingdao) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zhongmiao Holdings (Qingdao) Co Ltd (HKSE:01471) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Haier Road, Laoshan District, Shandong, Qingdao, CHN

Website

https://www.haierbx.net

Zhongmiao Holdings (Qingdao) Co Ltd is engaged in providing insurance agency service, IT services, and consulting services in the PRC. The company is primarily engaged in providing IT services. The company derives maximum revenue from the Insurance Agency business. The company is dedicated to distributing different insurance products covering (i) property insurance products, (ii) life and health insurance products, (iii) accident insurance products, and (iv) automobile insurance products, to both corporate and household insurance clients.

Executives

Qu Pengcheng

Zhongmiao Holdings (Qingdao) Co Headlines

No Headlines