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Net margin is calculated as Net Income divided by its Revenue. Fulu Holdings's Net Income for the
six
months ended in Dec. 2025 was HK$-3.1 Mil. Fulu Holdings's Revenue for the
six
months ended in Dec. 2025 was HK$191.7 Mil. Therefore, Fulu Holdings's net margin for the quarter that ended in Dec. 2025 was -1.63%.
The historical rank and industry rank for Fulu Holdings's Net Margin % or its related term are showing as below:
HKSE:02101'
s Net Margin % Range Over the Past 10 Years
Min: 5.6 Med: 20.4 Max: 36.84
Current: 8.19
HKSE:02101's Net Margin % is ranked better than 80.71% of 1130
companies
in the Retail - Cyclical industry
Industry Median: 2.285
vs HKSE:02101: 8.19
Fulu Holdings (HKSE:02101) 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.
Fulu Holdings Net Margin % Related Terms
Fulu Holdings Net Margin % Historical Data
* Premium members only.
The historical data trend for Fulu Holdings'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.
HKSE:02101 vs AMZN, BABA, PDD: Net Margin % Comparison
For the Internet Retail subindustry, Fulu Holdings'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.
Fulu Holdings Net Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Fulu Holdings's Net Margin % distribution charts can be found below:
* The bar in red indicates where Fulu Holdings's Net Margin % falls into.
* 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.
Fulu Holdings (HKSE:02101) has a Net Margin % of -1.63% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Fulu Holdings and its competitors. Over the past decade, Fulu Holdings' Net Margin % has ranged from 5.60 to 36.84. According to the industry distribution chart, Fulu Holdings ranks #218 out of 1130 companies in the Retail - Cyclical industry, placing it in the top 19.3%.
Is Fulu Holdings' Net Margin % too high?
Fulu Holdings' current Net Margin % is -1.63%. Over the past 10 years, this metric has ranged from a low of 5.60 to a high of 36.84. Based on the distribution chart, Fulu Holdings ranks #218 out of 1130 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Fulu Holdings has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fulu Holdings' Net Margin % compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Fulu Holdings ranks #218 out of 1130 companies for Net Margin %. This places Fulu Holdings in the top 19% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.29. Historically, Fulu Holdings' own Net Margin % has ranged from 5.60 to 36.84 over the past decade. 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 2.29, based on 1,130 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. 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 Fulu Holdings and its competitors. For the Retail - Cyclical industry, the median Net Margin % is 2.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fulu Holdings's current Net Margin % is -1.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fulu Holdings stock overvalued right now?
Based on GuruFocus' analysis, Fulu Holdings (HKSE:02101) is currently considered Fairly Valued. The stock's GF Value™ is HK$1.35, compared to a current price of HK$1.40 — trading 3.7% above its estimated fair value. The current Net Margin % is -1.63%. Fulu Holdings' overall GF Score™ is 73/100 with 4 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 Fulu Holdings (HKSE:02101), the current Net Margin % is -1.63% 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 Fulu Holdings (HKSE:02101) Overvalued in 2026?
Based on GuruFocus' analysis, Fulu Holdings stock appears to be overvalued.
The current stock price of HK$1.40 is trading 3.7% above its estimated GF Value™ of HK$1.35.
GuruFocus considers Fulu Holdings to be Fairly Valued.
Key valuation signals for HKSE:02101:
Net Margin %: -1.63%
GF Value™: HK$1.35 vs. price of HK$1.40 (3.7% above fair value)
No single metric tells the full story. See the HKSE:02101 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressNo. 77, Guanggu Avenue, 14th Floor, Building B27, Optics Valley Financial Port, East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN
Fulu Holdings Ltd is principally engaged in the provision of services to facilitate digital goods transactions and online store operating services. The company generates revenue from five business segments: leisure and entertainment, games, telecommunications, lifestyle, and corporate welfare. The company generates the maximum of its revenue from the Lifestyle segment. It generates all of its revenue from China only.
73GF Score
Get the complete analysis for HKSE:02101
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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