Mulsanne Group Holding (HKSE:01817) Net Margin %: 2.09% (As of Dec. 2025) — 29% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:01817 Mulsanne Group Holding Ltd HKSE:01817
45 GF Score
Price HK$0.29
GF Value HK$0.55
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Mulsanne Group Holding Net Margin %?

Mulsanne Group Holding HKSE:01817 -1.72% 45 Net Margin % is 2.09% as of Dec. 2025, which is 29% above its 10-year median of 1.62. GuruFocus rates HKSE:01817 with a GF Score™ of 45/100 and a GF Value™ of HK$0.55 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,125 Retail - Cyclical companies, Mulsanne Group Holding ranks worse than 57.78% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Mulsanne Group Holding's Net Income for the six months ended in Dec. 2025 was HK$25 Mil. Mulsanne Group Holding's Revenue for the six months ended in Dec. 2025 was HK$1,201 Mil. Therefore, Mulsanne Group Holding's net margin for the quarter that ended in Dec. 2025 was 2.09%.

The historical rank and industry rank for Mulsanne Group Holding's Net Margin % or its related term are showing as below:

HKSE:01817' s Net Margin % Range Over the Past 10 Years
Min: -10.53   Med: 1.62   Max: 10.87
Current: 1.54


HKSE:01817's Net Margin % is ranked worse than
57.78% of 1125 companies
in the Retail - Cyclical industry
Industry Median: 2.39 vs HKSE:01817: 1.54

Mulsanne Group Holding  (HKSE:01817) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Mulsanne Group Holding Net Margin % Related Terms


Mulsanne Group Holding Net Margin % Historical Data

* Premium members only.

The historical data trend for Mulsanne Group Holding's Net 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.

Mulsanne Group Holding Net Margin % Chart

Mulsanne Group Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.33 0.53 1.70 1.36 1.54

Mulsanne Group Holding Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Net Margin % 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 0.78 0.63 2.04 0.92 2.09

HKSE:01817 vs TJX, ROST, BURL: Net Margin % Comparison

For the Apparel Retail subindustry, Mulsanne Group Holding's Net Margin %, along with its competitors' market caps and Net 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.


Mulsanne Group Holding Net Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mulsanne Group Holding's Net Margin % distribution charts can be found below:

* The bar in red indicates where Mulsanne Group Holding's Net Margin % falls into.


HKSE:01817
45GF Score
Mulsanne Group Holding Ltd HKSE:01817
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mulsanne Group Holding Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Mulsanne Group Holding's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=34.936/2271.275
=1.54 %

Mulsanne Group Holding's Net Margin for the quarter that ended in Dec. 2025 is calculated as

Net Margin=Net Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=25.135/1200.712
=2.09 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 2.09% mean?
Mulsanne Group Holding (HKSE:01817) has a Net Margin % of 2.09% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Mulsanne Group Holding and its competitors. This is 29% above median its historical median of 1.62. According to the industry distribution chart, Mulsanne Group Holding ranks #650 out of 1125 companies in the Retail - Cyclical industry, placing it in the top 57.8%.
Is Mulsanne Group Holding's Net Margin % too high?
Mulsanne Group Holding's current Net Margin % of 2.09% is 29% above median its 10-year median of 1.62. The Retail - Cyclical industry median Net Margin % is 2.39. Mulsanne Group Holding's value of 2.09% is 12.6% below this industry median. Based on the distribution chart, Mulsanne Group Holding ranks #650 out of 1125 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Mulsanne Group Holding has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mulsanne Group Holding's Net Margin % compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Mulsanne Group Holding ranks #650 out of 1125 companies for Net Margin %. This places Mulsanne Group Holding in the lower half of its industry. The industry median Net Margin % is 2.39. Mulsanne Group Holding's value of 2.09% is 12.6% below this benchmark. While the company's 10-year median is 1.62 vs. the industry median of 2.39, Mulsanne Group Holding has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Retail - Cyclical company?
The median Net Margin % among Retail - Cyclical companies is 2.39, based on 1,125 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mulsanne Group Holding's current Net Margin % of 2.09% is 12.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Mulsanne Group Holding and its competitors. For the Retail - Cyclical industry, the median Net Margin % is 2.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mulsanne Group Holding's current Net Margin % is 2.09%, which is 29% above median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mulsanne Group Holding stock overvalued right now?
Based on GuruFocus' analysis, Mulsanne Group Holding (HKSE:01817) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.55, compared to a current price of HK$0.29 — trading 48.2% below its estimated fair value. The current Net Margin % is 2.09%, which is 29% above median its 10-year median of 1.62 and 12.6% below the Retail - Cyclical industry median of 2.39. Mulsanne Group Holding's overall GF Score™ is 45/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Mulsanne Group Holding (HKSE:01817), the current Net Margin % is 2.09% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mulsanne Group Holding (HKSE:01817) Overvalued in 2026?

Based on GuruFocus' analysis, Mulsanne Group Holding stock appears to be undervalued. The current stock price of HK$0.29 is trading 48.2% below its estimated GF Value™ of HK$0.55. GuruFocus considers Mulsanne Group Holding to be Possible Value Trap.

Key valuation signals for HKSE:01817:

  • Net Margin %: 2.09% (29% above median its 10-year median of 1.62)
  • GF Value™: HK$0.55 vs. price of HK$0.29 (48.2% below fair value)
  • GF Score™: 45/100 with 2 warning signs
  • Industry Position: 12.6% below the Retail - Cyclical median (#650 of 1125)

No single metric tells the full story. See the HKSE:01817 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mulsanne Group Holding Business Description

Address No. 628, Jinyuan Road, Yinzhou District, Zhejiang Province, Ningbo, CHN
Mulsanne Group Holding Ltd is an investment holding company. The Company's subsidiaries are engaged in the design, marketing and sale of apparel products. The operating segments of the company are Offline channels; Online channels and Others. The majority of the revenue is generated through Offline channels. The company generates revenue in Chinese mainland.
45GF Score

Get the complete analysis for HKSE:01817

Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.29
Price
HK$0.55
GF Value