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CSSC (Hong Kong) Shipping Co (HKSE:03877) Gross Profit : HK$3,549 Mil (TTM As of Jun. 2024)


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What is CSSC (Hong Kong) Shipping Co Gross Profit?

CSSC (Hong Kong) Shipping Co's gross profit for the six months ended in Jun. 2024 was HK$1,829 Mil. CSSC (Hong Kong) Shipping Co's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was HK$3,549 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. CSSC (Hong Kong) Shipping Co's gross profit for the six months ended in Jun. 2024 was HK$1,829 Mil. CSSC (Hong Kong) Shipping Co's Revenue for the six months ended in Jun. 2024 was HK$1,966 Mil. Therefore, CSSC (Hong Kong) Shipping Co's Gross Margin % for the quarter that ended in Jun. 2024 was 93.05%.

CSSC (Hong Kong) Shipping Co had a gross margin of 93.05% for the quarter that ended in Jun. 2024 => Durable competitive advantage

During the past 8 years, the highest Gross Margin % of CSSC (Hong Kong) Shipping Co was 95.22%. The lowest was 90.56%. And the median was 93.86%.

Warning Sign:

CSSC (Hong Kong) Shipping Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.1%.


CSSC (Hong Kong) Shipping Co Gross Profit Historical Data

The historical data trend for CSSC (Hong Kong) Shipping 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.

CSSC (Hong Kong) Shipping Co Gross Profit Chart

CSSC (Hong Kong) Shipping Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial 2,183.10 1,748.96 2,267.03 2,905.39 3,315.31

CSSC (Hong Kong) Shipping Co Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 1,358.65 1,546.73 1,595.41 1,719.90 1,829.19

Competitive Comparison of CSSC (Hong Kong) Shipping Co's Gross Profit

For the Rental & Leasing Services subindustry, CSSC (Hong Kong) Shipping 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.


CSSC (Hong Kong) Shipping Co's Gross Profit Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CSSC (Hong Kong) Shipping Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where CSSC (Hong Kong) Shipping Co's Gross Profit falls into.



CSSC (Hong Kong) Shipping Co Gross Profit Calculation

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

CSSC (Hong Kong) Shipping 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
=3626.148 - 310.838
=3,315

CSSC (Hong Kong) Shipping 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
=1965.771 - 136.582
=1,829

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$3,549 Mil.

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

CSSC (Hong Kong) Shipping 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
=1,829 / 1965.771
=93.05 %

* 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.


CSSC (Hong Kong) Shipping Co  (HKSE:03877) 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

CSSC (Hong Kong) Shipping Co had a gross margin of 93.05% for the quarter that ended in Jun. 2024 => Durable competitive advantage


CSSC (Hong Kong) Shipping Co Gross Profit Related Terms

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CSSC (Hong Kong) Shipping Co Business Description

Traded in Other Exchanges
Address
19 Des Voeux Road Central, Room 1801, 18th Floor, World-wide House, Hong Kong, HKG
CSSC (Hong Kong) Shipping Co Ltd is a shipyard-affiliated leasing company. As a player in the ship leasing industry, it offers customized ship leasing solutions that suit customers' different needs. The core business of the group is the provision of leasing services, which include finance leases and operating leases. It operates through the below segments: Leasing services, Shipbroking services, and Loan borrowings. The Leasing services segment that derives the majority of revenue provides vessel leasing services to the customers with the options of finance lease and operating lease. Geographically, the company generates revenue from customers mainly located in the PRC, Asia, United States, and Europe.
Executives
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you
China Re Asset Management (hong Kong) Company Limited 2102 Investment manager
Zhong Guo Zai Bao Xian Ji Tuan Gu Fen You Xian Gong Si 2101 Beneficial owner
Cssc International Holding Company Limited 2101 Beneficial owner
State-owned Assets Supervision And Administration Commission 2201 Interest of corporation controlled by you
Zhong Guo Chuan Bo Gong Ye Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you

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