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Sunshine Insurance Group Co (HKSE:06963) Net Margin % : 9.30% (As of Jun. 2024)


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What is Sunshine Insurance Group Co Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Sunshine Insurance Group Co's Net Income for the six months ended in Jun. 2024 was HK$3,384 Mil. Sunshine Insurance Group Co's Revenue for the six months ended in Jun. 2024 was HK$36,371 Mil. Therefore, Sunshine Insurance Group Co's net margin for the quarter that ended in Jun. 2024 was 9.30%.

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

HKSE:06963' s Net Margin % Range Over the Past 10 Years
Min: 4.92   Med: 5.07   Max: 7.25
Current: 5.9


HKSE:06963's Net Margin % is ranked worse than
64.03% of 481 companies
in the Insurance industry
Industry Median: 8.2 vs HKSE:06963: 5.90

Sunshine Insurance Group Co Net Margin % Historical Data

The historical data trend for Sunshine Insurance Group Co'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.

* Premium members only.

Sunshine Insurance Group Co Net Margin % Chart

Sunshine Insurance Group Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
5.07 4.96 4.92 7.25 5.89

Sunshine Insurance Group Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Net Margin % Get a 7-Day Free Trial Premium Member Only 9.76 5.29 9.68 2.52 9.30

Competitive Comparison of Sunshine Insurance Group Co's Net Margin %

For the Insurance - Property & Casualty subindustry, Sunshine Insurance Group Co'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.


Sunshine Insurance Group Co's Net Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Sunshine Insurance Group Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where Sunshine Insurance Group Co's Net Margin % falls into.


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Sunshine Insurance Group Co 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.

Sunshine Insurance Group Co's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=4088.545/69366.363
=5.89 %

Sunshine Insurance Group Co's Net Margin for the quarter that ended in Jun. 2024 is calculated as

Net Margin=Net Income (Q: Jun. 2024 )/Revenue (Q: Jun. 2024 )
=3383.576/36371.022
=9.30 %

* 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.


Sunshine Insurance Group Co  (HKSE:06963) 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.


Sunshine Insurance Group Co Net Margin % Related Terms

Thank you for viewing the detailed overview of Sunshine Insurance Group Co's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Sunshine Insurance Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 7002, Hongli West Road, 17th Floor, Block A First World Plaza, Futian District, Shenzhen, CHN, 518034
Website
Sunshine Insurance Group Co Ltd is mainly engaged in the insurance business. The company has three operating segments; The life insurance segment offers a wide range of life insurance products mainly by Sunshine Life, The property and casualty insurance segment offers a wide range of property and casualty insurance products mainly by Sunshine P&C and Sunshine Surety, and Other businesses segment mainly provides corporation management and assets management services. It derives a majority of its revenue from the property and casualty insurance segment.
Executives
Hua Tai Zi Jin Tou Zi You Xian Ze Ren Gong Si
Hua Tai Zheng Quan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Jiang Su Hua Tai Rui Lian Bing Gou Ji Jin You Xian He Huo 2201 Interest of corporation controlled by you
Bei Jing Hong Yu Zi Xun Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Zhang Tong 2201 Interest of corporation controlled by you
Chen Zhijie 2201 Interest of corporation controlled by you
Bei Jing Lin Qi Hao Rui Zi Xun You Xian Gong Si 2201 Interest of corporation controlled by you
Hua Shan Rui Lian Ji Jin Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Nan Jing Hua Tai Rui Lian Bing Gou Ji Jin Yi Hao You Xian He Huo 2201 Interest of corporation controlled by you
Nan Jing Rui Lian Guan Li Zi Xun He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Jiang Su Tian Cheng Wu Ye Fa Zhan You Xian Ze Ren Gong Si 2101 Beneficial owner
Shen Zhen Qian Hai Rui Lian Qi Hao Tou Zi Zhong Xin You Xian He Huo 2201 Interest of corporation controlled by you
Xi Zang Hong Yu Qi Ye Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Precision Goal Inc.
Zhong Guo Shi You Hua Gong Ji Tuan You Xian Gong Si 2101 Beneficial owner

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