China Three Gorges Renewables (Group) Co (SHSE:600905) Gross Margin % : 46.61% (As of Sep. 2023)

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What is China Three Gorges Renewables (Group) Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. China Three Gorges Renewables (Group) Co's Gross Profit for the three months ended in Sep. 2023 was ¥2,603 Mil. China Three Gorges Renewables (Group) Co's Revenue for the three months ended in Sep. 2023 was ¥5,585 Mil. Therefore, China Three Gorges Renewables (Group) Co's Gross Margin % for the quarter that ended in Sep. 2023 was 46.61%.

The historical rank and industry rank for China Three Gorges Renewables (Group) Co's Gross Margin % or its related term are showing as below:

SHSE:600905' s Gross Margin % Range Over the Past 10 Years
Min: 30.78 Med: 55.2 Max: 60.14
Current: 54.05

During the past 13 years, the highest Gross Margin % of China Three Gorges Renewables (Group) Co was 60.14%. The lowest was 30.78%. And the median was 55.20%.

SHSE:600905's Gross Margin % is ranked better than
70.41% of 392 companies
in the Utilities - Independent Power Producers industry
Industry Median: 34.615 vs SHSE:600905: 54.05

China Three Gorges Renewables (Group) Co had a gross margin of 46.61% for the quarter that ended in Sep. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for China Three Gorges Renewables (Group) Co was 1.70% per year.

China Three Gorges Renewables (Group) Co Gross Margin % Historical Data

The historical data trend for China Three Gorges Renewables (Group) 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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China Three Gorges Renewables (Group) Co Gross Margin % Chart

China Three Gorges Renewables (Group) Co Annual Data

Trend

Dec08

Dec09

Dec10

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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56.30

56.74

57.69

60.14

58.40

China Three Gorges Renewables (Group) 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															51.99	50.32	58.80	58.84	46.61

Competitive Comparison of China Three Gorges Renewables (Group) Co's Gross Margin %

For the Utilities - Renewable subindustry, China Three Gorges Renewables (Group) 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.

China Three Gorges Renewables (Group) Co's Gross Margin % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Three Gorges Renewables (Group) Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where China Three Gorges Renewables (Group) Co's Gross Margin % falls into.

China Three Gorges Renewables (Group) Co Gross Margin % Calculation

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

China Three Gorges Renewables (Group) 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 )
	=	13906	/	23812.176
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(23812.176 - 9906.2)	/	23812.176
	=	58.40 %

China Three Gorges Renewables (Group) 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 )
	=	2603.3	/	5585.32
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(5585.32 - 2981.987)	/	5585.32
	=	46.61 %

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.

China Three Gorges Renewables (Group) Co (SHSE:600905) 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

China Three Gorges Renewables (Group) Co had a gross margin of 46.61% for the quarter that ended in Sep. 2023 => Durable competitive advantage

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.

China Three Gorges Renewables (Group) Co Gross Margin % Related Terms

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China Three Gorges Renewables (Group) Co (SHSE:600905) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Three Gorges Renewables (Group) Co Ltd (SHSE:600905) » Definitions » Gross Margin %

Traded in Other Exchanges

N/A

Address

No. 1, Gongyuan Street, Room 206-23, 2nd Floor, Building 1, Tongzhou District, Beijing, CHN, 101149

Website

https://www.ctgne.com

China Three Gorges Renewables, or CTGR, is one of China's largest renewable energy producers. The firm operates wind farms, photovoltaic power plants, hydro-electric power plants, and energy storage projects. CTGR has a total generation capacity of about 26.5 gigawatts as of the end of 2022. In particular, the firm is also one of the largest offshore wind farm operators in China, with 4.9 GW of installed capacity at the end of 2022, representing about 16% of China's total capacity. Parent company, China Three Gorges, a state-owned enterprise, owns approximately 52.4% of CTGR's issued shares as of the end of 2022.

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