China National Electric Apparatus Research Institute Co (SHSE:688128) Net Margin %: 11.33% (As of Mar. 2026) — 20% 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.

SHSE:688128 China National Electric Apparatus Research Institute Co Ltd SHSE:688128
89 GF Score
Price ¥22.37
GF Value ¥25.01
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is China National Electric Apparatus Research Institute Co Net Margin %?

China National Electric Apparatus Research Institute Co SHSE:688128 +1.59% 89 Net Margin % is 11.33% as of Mar. 2026, which is 20% above its 10-year median of 9.41. GuruFocus rates SHSE:688128 with a GF Score™ of 89/100 and a GF Value™ of ¥25.01 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 3,036 Industrial Products companies, China National Electric Apparatus Research Institute Co ranks better than 79.71% on this metric.

Net margin is calculated as Net Income divided by its Revenue. China National Electric Apparatus Research Institute Co's Net Income for the three months ended in Mar. 2026 was ¥134 Mil. China National Electric Apparatus Research Institute Co's Revenue for the three months ended in Mar. 2026 was ¥1,182 Mil. Therefore, China National Electric Apparatus Research Institute Co's net margin for the quarter that ended in Mar. 2026 was 11.33%.

The historical rank and industry rank for China National Electric Apparatus Research Institute Co's Net Margin % or its related term are showing as below:

SHSE:688128' s Net Margin % Range Over the Past 10 Years
Min: 5.76   Med: 9.41   Max: 11.26
Current: 11.26


SHSE:688128's Net Margin % is ranked better than
79.71% of 3036 companies
in the Industrial Products industry
Industry Median: 4.53 vs SHSE:688128: 11.26

China National Electric Apparatus Research Institute Co  (SHSE:688128) 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.


China National Electric Apparatus Research Institute Co Net Margin % Related Terms


China National Electric Apparatus Research Institute Co Net Margin % Historical Data

* Premium members only.

The historical data trend for China National Electric Apparatus Research Institute 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.

China National Electric Apparatus Research Institute Co Net Margin % Chart

China National Electric Apparatus Research Institute 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 9.25 9.57 9.83 10.33 11.21

China National Electric Apparatus Research Institute 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 11.14 11.03 10.72 11.88 11.33

SHSE:688128 vs VRT, BE: Net Margin % Comparison

For the Electrical Equipment & Parts subindustry, China National Electric Apparatus Research Institute 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.


China National Electric Apparatus Research Institute Co Net Margin % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, China National Electric Apparatus Research Institute Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where China National Electric Apparatus Research Institute Co's Net Margin % falls into.


SHSE:688128
89GF Score
China National Electric Apparatus Research Institute Co Ltd SHSE:688128
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China National Electric Apparatus Research Institute 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.

China National Electric Apparatus Research Institute 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 )
=534.455/4766.072
=11.21 %

China National Electric Apparatus Research Institute 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 )
=133.944/1182.346
=11.33 %

* 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 11.33% mean?
China National Electric Apparatus Research Institute Co (SHSE:688128) has a Net Margin % of 11.33% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on China National Electric Apparatus Research Institute Co and its competitors. This is 20% above median its historical median of 9.41. Over the past decade, China National Electric Apparatus Research Institute Co's Net Margin % has ranged from 5.76 to 11.26. According to the industry distribution chart, China National Electric Apparatus Research Institute Co ranks #616 out of 3036 companies in the Industrial Products industry, placing it in the top 20.3%.
Is China National Electric Apparatus Research Institute Co's Net Margin % too high?
China National Electric Apparatus Research Institute Co's current Net Margin % of 11.33% is 20% above median its 10-year median of 9.41. Over the past 10 years, this metric has ranged from a low of 5.76 to a high of 11.26. The Industrial Products industry median Net Margin % is 4.53. China National Electric Apparatus Research Institute Co's value of 11.33% is 150.1% above this industry median. Based on the distribution chart, China National Electric Apparatus Research Institute Co ranks #616 out of 3036 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, China National Electric Apparatus Research Institute Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China National Electric Apparatus Research Institute Co's Net Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, China National Electric Apparatus Research Institute Co ranks #616 out of 3036 companies for Net Margin %. This places China National Electric Apparatus Research Institute Co in the top 20% of its industry — outperforming the majority of peers. The industry median Net Margin % is 4.53. China National Electric Apparatus Research Institute Co's value of 11.33% is 150.1% above this benchmark. Historically, China National Electric Apparatus Research Institute Co's own Net Margin % has ranged from 5.76 to 11.26 over the past decade. While the company's 10-year median is 9.41 vs. the industry median of 4.53, China National Electric Apparatus Research Institute Co has consistently been above 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 an Industrial Products company?
The median Net Margin % among Industrial Products companies is 4.53, based on 3,036 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. China National Electric Apparatus Research Institute Co's current Net Margin % of 11.33% is 150.1% above 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 China National Electric Apparatus Research Institute Co and its competitors. For the Industrial Products industry, the median Net Margin % is 4.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China National Electric Apparatus Research Institute Co's current Net Margin % is 11.33%, which is 20% above median its own 10-year median of 9.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China National Electric Apparatus Research Institute Co stock overvalued right now?
Based on GuruFocus' analysis, China National Electric Apparatus Research Institute Co (SHSE:688128) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥25.01, compared to a current price of ¥22.37 — trading 10.6% below its estimated fair value. The current Net Margin % is 11.33%, which is 20% above median its 10-year median of 9.41 and 150.1% above the Industrial Products industry median of 4.53. China National Electric Apparatus Research Institute Co's overall GF Score™ is 89/100 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 China National Electric Apparatus Research Institute Co (SHSE:688128), the current Net Margin % is 11.33% 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 China National Electric Apparatus Research Institute Co (SHSE:688128) Overvalued in 2026?

Based on GuruFocus' analysis, China National Electric Apparatus Research Institute Co stock appears to be undervalued. The current stock price of ¥22.37 is trading 10.6% below its estimated GF Value™ of ¥25.01. GuruFocus considers China National Electric Apparatus Research Institute Co to be Modestly Undervalued.

Key valuation signals for SHSE:688128:

  • Net Margin %: 11.33% (20% above median its 10-year median of 9.41)
  • GF Value™: ¥25.01 vs. price of ¥22.37 (10.6% below fair value)
  • GF Score™: 89/100 with 4 warning signs
  • Industry Position: 150.1% above the Industrial Products median (#616 of 3036)

No single metric tells the full story. See the SHSE:688128 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China National Electric Apparatus Research Institute Co Business Description

Address No. 204, Xingang West Road, Building 1, Haizhu District, Guangdong, Guangzhou, CHN, 510399
China National Electric Apparatus Research Institute Co Ltd is a national innovative science-and-technology enterprise. It is characterized with an integration of three core business sectors namely scientific research and development, science and technology service, as well as science and technology industry.
89GF Score

Get the complete analysis for SHSE:688128

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

¥22.37
Price
¥25.01
GF Value