Zhejiang Risun Intelligent Technology Co (SHSE:688215) Net Margin % : 1.91% (As of Mar. 2024)

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What is Zhejiang Risun Intelligent Technology Co Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Zhejiang Risun Intelligent Technology Co's Net Income for the three months ended in Mar. 2024 was ¥1.5 Mil. Zhejiang Risun Intelligent Technology Co's Revenue for the three months ended in Mar. 2024 was ¥80.8 Mil. Therefore, Zhejiang Risun Intelligent Technology Co's net margin for the quarter that ended in Mar. 2024 was 1.91%.

The historical rank and industry rank for Zhejiang Risun Intelligent Technology Co's Net Margin % or its related term are showing as below:

SHSE:688215' s Net Margin % Range Over the Past 10 Years
Min: 2.45 Med: 12.06 Max: 45.9
Current: 2.45

SHSE:688215's Net Margin % is ranked worse than
65.21% of 2975 companies
in the Industrial Products industry
Industry Median: 5.2 vs SHSE:688215: 2.45

Zhejiang Risun Intelligent Technology Co Net Margin % Historical Data

The historical data trend for Zhejiang Risun Intelligent Technology 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.

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Zhejiang Risun Intelligent Technology Co Net Margin % Chart

Zhejiang Risun Intelligent Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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18.11

11.96

6.63

3.13

3.03

Zhejiang Risun Intelligent Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Net Margin %	Get a 7-Day Free Trial															4.80	3.52	0.74	3.01	1.91

Competitive Comparison of Zhejiang Risun Intelligent Technology Co's Net Margin %

For the Specialty Industrial Machinery subindustry, Zhejiang Risun Intelligent Technology 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.

Zhejiang Risun Intelligent Technology Co's Net Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Risun Intelligent Technology Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where Zhejiang Risun Intelligent Technology Co's Net Margin % falls into.

Zhejiang Risun Intelligent Technology 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.

Zhejiang Risun Intelligent Technology 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 )
	=	11.28	/	372.163
	=	3.03 %

Zhejiang Risun Intelligent Technology Co's Net Margin for the quarter that ended in Mar. 2024 is calculated as

Net Margin	=	Net Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1.546	/	80.827
	=	1.91 %

Zhejiang Risun Intelligent Technology Co (SHSE:688215) 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.

Zhejiang Risun Intelligent Technology Co Net Margin % Related Terms

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Zhejiang Risun Intelligent Technology Co (SHSE:688215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Risun Intelligent Technology Co Ltd (SHSE:688215) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 4-18, No. 6, Jingyuan Road, Ningbo High-tech Zone, Zhejiang Province, Ningbo, CHN, 315040

Website

http://www.sunrise.com.cn

Zhejiang Risun Intelligent Technology Co Ltd is engaged in production and sales of intelligent material transfer, automated production, automated storage, automated sorting and logistics systems in industrial production. The company's main products are intelligent suspension production system, intelligent suspension warehouse sorting system, plane logistics transportation system, intelligent intersection pallet sorting machine, intelligent stereo storage system, real time data acquisition system and intelligent mobile robot (AGV), MES, WMS and other automated production equipment and logistics equipment, that are mainly applied to clothing, home textile, home, auto parts, cases, bags, shoes, baby carrier, electric business, logistics, warehousing, washing, and other industries.

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