Zhongmin Energy Co (SHSE:600163) Gross Margin % : 36.65% (As of Sep. 2023)

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What is Zhongmin Energy Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Zhongmin Energy Co's Gross Profit for the three months ended in Sep. 2023 was ¥100 Mil. Zhongmin Energy Co's Revenue for the three months ended in Sep. 2023 was ¥274 Mil. Therefore, Zhongmin Energy Co's Gross Margin % for the quarter that ended in Sep. 2023 was 36.65%.

The historical rank and industry rank for Zhongmin Energy Co's Gross Margin % or its related term are showing as below:

SHSE:600163' s Gross Margin % Range Over the Past 10 Years
Min: -9.51 Med: 55.95 Max: 67.7
Current: 57.42

During the past 13 years, the highest Gross Margin % of Zhongmin Energy Co was 67.70%. The lowest was -9.51%. And the median was 55.95%.

SHSE:600163's Gross Margin % is ranked better than
74.49% of 392 companies
in the Utilities - Independent Power Producers industry
Industry Median: 35.01 vs SHSE:600163: 57.42

Zhongmin Energy Co had a gross margin of 36.65% for the quarter that ended in Sep. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Zhongmin Energy Co was 3.90% per year.

Zhongmin Energy Co Gross Margin % Historical Data

The historical data trend for Zhongmin Energy Co's Gross Margin % 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.

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Zhongmin Energy Co Gross Margin % Chart

Zhongmin Energy Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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52.41

56.03

67.70

65.49

61.68

Zhongmin Energy Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial															32.83	65.26	69.14	37.15	36.65

Competitive Comparison of Zhongmin Energy Co's Gross Margin %

For the Utilities - Renewable subindustry, Zhongmin Energy Co's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.

Zhongmin Energy Co's Gross Margin % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Zhongmin Energy Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Zhongmin Energy Co's Gross Margin % falls into.

Zhongmin Energy Co Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Zhongmin Energy Co's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	1104.7	/	1790.93
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1790.93 - 686.251)	/	1790.93
	=	61.68 %

Zhongmin Energy Co's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	100.4	/	274.02
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(274.02 - 173.591)	/	274.02
	=	36.65 %

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.

Zhongmin Energy Co (SHSE:600163) Gross Margin % 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

Zhongmin Energy Co had a gross margin of 36.65% for the quarter that ended in Sep. 2023 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Zhongmin Energy Co Gross Margin % Related Terms

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Zhongmin Energy Co (SHSE:600163) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Zhongmin Energy Co Ltd (SHSE:600163) » Definitions » Gross Margin %

Traded in Other Exchanges

N/A

Address

No. 210, Wusi Road, 22nd Floor, International Building, Fujian Province, Fuzhou, CHN, 3500003

Website

http://www.zhongminenergy.com

Zhongmin Energy Co Ltd focuses on the development and construction of power generation projects in China. The company's business scope comprises of wind power generation, investment in the energy industry, power production, electrical installation, engineering consulting, construction materials, sales of mechanical and electrical equipment, machinery and equipment rental. It is mainly focused on the development and construction of wind, solar and other clean energy sources.

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