Harbin Air Conditioning Co (SHSE:600202) Net Margin %: -18.80% (As of Mar. 2026)


SHSE:600202 Harbin Air Conditioning Co Ltd SHSE:600202
59 GF Score
Price ¥4.75
GF Value ¥6.26
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Harbin Air Conditioning Co Net Margin %?

Harbin Air Conditioning Co SHSE:600202 +2.59% 59 Net Margin % is -18.80% as of Mar. 2026. GuruFocus rates SHSE:600202 with a GF Score™ of 59/100 and a GF Value™ of ¥6.26 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,760 Construction companies, Harbin Air Conditioning Co ranks worse than 76.65% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Harbin Air Conditioning Co's Net Income for the three months ended in Mar. 2026 was ¥-31 Mil. Harbin Air Conditioning Co's Revenue for the three months ended in Mar. 2026 was ¥162 Mil. Therefore, Harbin Air Conditioning Co's net margin for the quarter that ended in Mar. 2026 was -18.80%.

The historical rank and industry rank for Harbin Air Conditioning Co's Net Margin % or its related term are showing as below:

SHSE:600202' s Net Margin % Range Over the Past 10 Years
Min: -68.4   Med: 2.11   Max: 7.76
Current: -0.9


SHSE:600202's Net Margin % is ranked worse than
76.65% of 1760 companies
in the Construction industry
Industry Median: 3.91 vs SHSE:600202: -0.90

Harbin Air Conditioning Co  (SHSE:600202) 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.


Harbin Air Conditioning Co Net Margin % Related Terms


Harbin Air Conditioning Co Net Margin % Historical Data

* Premium members only.

The historical data trend for Harbin Air Conditioning 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.

Harbin Air Conditioning Co Net Margin % Chart

Harbin Air Conditioning Co 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 7.76 3.40 1.50 0.52 0.48

Harbin Air Conditioning Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only Premium Member Only -5.29 0.59 -5.82 4.47 -18.80

SHSE:600202 vs TT, JCI, CARR: Net Margin % Comparison

For the Building Products & Equipment subindustry, Harbin Air Conditioning 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.


Harbin Air Conditioning Co Net Margin % vs Construction Industry

For the Construction industry and Industrials sector, Harbin Air Conditioning Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where Harbin Air Conditioning Co's Net Margin % falls into.


SHSE:600202
59GF Score
Harbin Air Conditioning Co Ltd SHSE:600202
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Harbin Air Conditioning 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.

Harbin Air Conditioning Co'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 )
=7.307/1523.075
=0.48 %

Harbin Air Conditioning Co's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-30.541/162.44
=-18.80 %

* 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 -18.80% mean?
Harbin Air Conditioning Co (SHSE:600202) has a Net Margin % of -18.80% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Harbin Air Conditioning Co and its competitors. According to the industry distribution chart, Harbin Air Conditioning Co ranks #1349 out of 1760 companies in the Construction industry, placing it in the top 76.6%.
Is Harbin Air Conditioning Co's Net Margin % too high?
Harbin Air Conditioning Co's current Net Margin % is -18.80%. Based on the distribution chart, Harbin Air Conditioning Co ranks #1349 out of 1760 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Harbin Air Conditioning Co has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harbin Air Conditioning Co's Net Margin % compare to TT and JCI?
According to the Construction industry distribution chart, Harbin Air Conditioning Co ranks #1349 out of 1760 companies for Net Margin %. This places Harbin Air Conditioning Co in the lower half of its industry. The industry median Net Margin % is 3.91. 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 Construction company?
The median Net Margin % among Construction companies is 3.91, based on 1,760 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 Harbin Air Conditioning Co and its competitors. For the Construction industry, the median Net Margin % is 3.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harbin Air Conditioning Co's current Net Margin % is -18.80%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbin Air Conditioning Co stock overvalued right now?
Based on GuruFocus' analysis, Harbin Air Conditioning Co (SHSE:600202) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.26, compared to a current price of ¥4.75 — trading 24.1% below its estimated fair value. The current Net Margin % is -18.80%. Harbin Air Conditioning Co's overall GF Score™ is 59/100 with 6 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 Harbin Air Conditioning Co (SHSE:600202), the current Net Margin % is -18.80% as of Mar. 2026. 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 Harbin Air Conditioning Co (SHSE:600202) Overvalued in 2026?

Based on GuruFocus' analysis, Harbin Air Conditioning Co stock appears to be undervalued. The current stock price of ¥4.75 is trading 24.1% below its estimated GF Value™ of ¥6.26. GuruFocus considers Harbin Air Conditioning Co to be Modestly Undervalued.

Key valuation signals for SHSE:600202:

  • Net Margin %: -18.80%
  • GF Value™: ¥6.26 vs. price of ¥4.75 (24.1% below fair value)
  • GF Score™: 59/100 with 6 warning signs

No single metric tells the full story. See the SHSE:600202 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Harbin Air Conditioning Co Business Description

Address No. 7, Dianchi Street, Yingbin Road, High-tech Development Zone, Heilongjiang Province, Harbin, Heilongjiang, CHN, 150078
Harbin Air Conditioning Co Ltd in China is engaged in the designing and manufacturing of energy saving and environmentally-friendly products such as petrochemical air cooling condensers, power plant air coolers, and air conditioning HVAC equipment. Its products are widely used in petrochemical, power energy, steel and metallurgical industries.
59GF Score

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

¥4.75
Price
¥6.26
GF Value