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Shanghai Chemspec (SHSE:688602) Gross Profit : ¥94.7 Mil (TTM As of Sep. 2024)


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What is Shanghai Chemspec Gross Profit?

Shanghai Chemspec's gross profit for the three months ended in Sep. 2024 was ¥9.0 Mil. Shanghai Chemspec's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was ¥94.7 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Shanghai Chemspec's gross profit for the three months ended in Sep. 2024 was ¥9.0 Mil. Shanghai Chemspec's Revenue for the three months ended in Sep. 2024 was ¥182.8 Mil. Therefore, Shanghai Chemspec's Gross Margin % for the quarter that ended in Sep. 2024 was 4.90%.

Shanghai Chemspec had a gross margin of 4.90% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

During the past 8 years, the highest Gross Margin % of Shanghai Chemspec was 42.41%. The lowest was 13.36%. And the median was 39.44%.

Warning Sign:

Shanghai Chemspec Corp gross margin has been in long-term decline. The average rate of decline per year is -8%.


Shanghai Chemspec Gross Profit Historical Data

The historical data trend for Shanghai Chemspec'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.

Shanghai Chemspec Gross Profit Chart

Shanghai Chemspec Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial 262.73 266.87 346.93 363.71 276.59

Shanghai Chemspec Quarterly Data
Dec17 Sep18 Dec18 Jun19 Sep19 Dec19 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 72.55 29.17 30.66 25.92 8.96

Competitive Comparison of Shanghai Chemspec's Gross Profit

For the Chemicals subindustry, Shanghai Chemspec'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.


Shanghai Chemspec's Gross Profit Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shanghai Chemspec's Gross Profit distribution charts can be found below:

* The bar in red indicates where Shanghai Chemspec's Gross Profit falls into.



Shanghai Chemspec Gross Profit Calculation

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

Shanghai Chemspec'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
=979.592 - 702.998
=276.6

Shanghai Chemspec's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=182.803 - 173.841
=9.0

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥94.7 Mil.

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

Shanghai Chemspec'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 )
=(Revenue - Cost of Goods Sold) / Revenue
=9.0 / 182.803
=4.90 %

* 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.


Shanghai Chemspec  (SHSE:688602) 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

Shanghai Chemspec had a gross margin of 4.90% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage


Shanghai Chemspec Gross Profit Related Terms

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Shanghai Chemspec Business Description

Traded in Other Exchanges
N/A
Address
Qilianshan South Road, Building 1, No. 200, Lane 2891, Putuo, Shanghai, CHN, 200331
Shanghai Chemspec Corp is engaged in research & development, production and sales of fine chemicals. It is globally recognized as an industry leader in providing fluorinated specialty chemicals serving markets in a variety of applications. These include liquid crystals, lithium-ion battery components, pharmaceutical chemicals, and agrochemicals.

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