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Guoquan Food (Shanghai) Co (HKSE:02517) Gross Profit : HK$1,518 Mil (TTM As of Jun. 2024)


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What is Guoquan Food (Shanghai) Co Gross Profit?

Guoquan Food (Shanghai) Co's gross profit for the six months ended in Jun. 2024 was HK$656 Mil. Guoquan Food (Shanghai) Co's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was HK$1,518 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Guoquan Food (Shanghai) Co's gross profit for the six months ended in Jun. 2024 was HK$656 Mil. Guoquan Food (Shanghai) Co's Revenue for the six months ended in Jun. 2024 was HK$2,869 Mil. Therefore, Guoquan Food (Shanghai) Co's Gross Margin % for the quarter that ended in Jun. 2024 was 22.85%.

Guoquan Food (Shanghai) Co had a gross margin of 22.85% for the quarter that ended in Jun. 2024 => Competition eroding margins

During the past 5 years, the highest Gross Margin % of Guoquan Food (Shanghai) Co was 22.17%. The lowest was 8.98%. And the median was 14.26%.

Guoquan Food (Shanghai) Co Gross Profit Historical Data

The historical data trend for Guoquan Food (Shanghai) 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.

Guoquan Food (Shanghai) Co Gross Profit Chart

Guoquan Food (Shanghai) Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Gross Profit
390.31 435.03 1,394.73 1,477.63 1,512.63

Guoquan Food (Shanghai) Co Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24 Dec24
Gross Profit Get a 7-Day Free Trial - 632.36 845.27 655.53 862.50

Competitive Comparison of Guoquan Food (Shanghai) Co's Gross Profit

For the Packaged Foods subindustry, Guoquan Food (Shanghai) 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.

Guoquan Food (Shanghai) Co's Gross Profit Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Guoquan Food (Shanghai) Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Guoquan Food (Shanghai) Co's Gross Profit falls into.


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Guoquan Food (Shanghai) Co Gross Profit Calculation

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

Guoquan Food (Shanghai) Co'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
=6665.602 - 5187.971
=1,478

Guoquan Food (Shanghai) Co's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=2868.987 - 2213.458
=656

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$1,518 Mil.

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

Guoquan Food (Shanghai) Co'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
=656 / 2868.987
=22.85 %

* 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.

Guoquan Food (Shanghai) Co  (HKSE:02517) 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

Guoquan Food (Shanghai) Co had a gross margin of 22.85% for the quarter that ended in Jun. 2024 => Competition eroding margins

Guoquan Food (Shanghai) Co Gross Profit Related Terms

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Guoquan Food (Shanghai) Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guoquan Food (Shanghai) Co Ltd (HKSE:02517) » Definitions » Gross Profit
Comparable Companies
HKSE:09676 HKSE:01610 HKSE:01112 HKSE:01475 HKSE:01458 HKSE:06868 HKSE:01717 HKSE:09977 HKSE:01497 HKSE:06683 XSWX:NESN XPAR:BN KHC SHSE:603288 GIS K NSE:NESTLEIND SHSE:600887 SZSE:300999 LSE:ABF
Traded in Other Exchanges
N/A
Address
Lane 187, Xinghong Road, Room 802, No. 3, Minhang, Shanghai, CHN
Website
https://www.zzgqsh.com
Guoquan Food (Shanghai) Co Ltd is the rapidly growing home meal products brand in China. It offers a variety of ready-to-eat, ready-to-heat, ready-to-cook and prepared ingredients, with a focus on at-home hotpot and barbecue products. With a carefully curated product portfolio and an extensive network of community-based stores, it enables consumers to enjoy meals at home with convenience, affordability and tastiness. Leveraging its robust supply chain and production capabilities, The company offers a wide variety of home meal products under the Guoquan Shihui brand through a nationwide network of 9,844 retail stores in China, serving diverse dining scenarios.
Executives
Zhao Shang Yin Xing Gu Fen You Xian Gong Si
Zhao Yin Guo Ji Zi Ben Guan Li Shen Zhen You Xian Gong Si
Zhao Yin Guo Ji Jin Rong Kong Gu You Xian Gong Si
Zhao Yin Guo Ji Jin Rong You Xian Gong Si
Zhao Yin Jin Rong Kong Gu Shen Zhen You Xian Gong Si
Cheng Du Quan Yi Shi Pin You Xian Gong Si 2101 Beneficial owner
San Quan Shi Pin Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Idg China Venture Capital Fund Gp V Associates Ltd. 2201 Interest of corporation controlled by you
Ho Chi Sing 2201 Interest of corporation controlled by you
Famous Wealthy Limited 2101 Beneficial owner
Zhou Quan 2201 Interest of corporation controlled by you
Idg China Venture Capital Fund V L.p. 2201 Interest of corporation controlled by you
Idg China Venture Capital Fund V Associates L.p. 2201 Interest of corporation controlled by you
Shang Hai Guo Xiao Quan Qi Ye Guan Li Zhong Xin You Xian He Huo 2101 Beneficial owner
Wei Zhe 2201 Interest of corporation controlled by you

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