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Qingdao Hanhe Cable CoSZSE:002498 -7.89%59 Net Margin % is 6.29% as of Mar. 2026, which is 16% below its 10-year median of 7.48. GuruFocus rates SZSE:002498 with a GF Score™ of 59/100 and a GF Value™ of ¥4.50 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 3,037 Industrial Products companies, Qingdao Hanhe Cable Co ranks better than 53.41% on this metric.
The historical rank and industry rank for Qingdao Hanhe Cable Co's Net Margin % or its related term are showing as below:
SZSE:002498'
s Net Margin % Range Over the Past 10 Years
Min: 3.98 Med: 7.48 Max: 10.07
Current: 5.13
SZSE:002498's Net Margin % is ranked better than 53.41% of 3037
companies
in the Industrial Products industry
Industry Median: 4.51
vs SZSE:002498: 5.13
Qingdao Hanhe Cable Co (SZSE:002498) 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.
Qingdao Hanhe Cable Co Net Margin % Related Terms
Qingdao Hanhe Cable Co Net Margin % Historical Data
* 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.
For the Electrical Equipment & Parts subindustry, Qingdao Hanhe Cable 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.
Qingdao Hanhe Cable Co Net Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Qingdao Hanhe Cable Co's Net Margin % distribution charts can be found below:
* The bar in red indicates where Qingdao Hanhe Cable Co'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.
Qingdao Hanhe Cable Co (SZSE:002498) has a Net Margin % of 6.29% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Qingdao Hanhe Cable Co and its competitors. This is 16% below median its historical median of 7.48. Over the past decade, Qingdao Hanhe Cable Co's Net Margin % has ranged from 3.98 to 10.07. According to the industry distribution chart, Qingdao Hanhe Cable Co ranks #1415 out of 3037 companies in the Industrial Products industry, placing it in the top 46.6%.
Is Qingdao Hanhe Cable Co's Net Margin % too high?
Qingdao Hanhe Cable Co's current Net Margin % of 6.29% is 16% below median its 10-year median of 7.48. Over the past 10 years, this metric has ranged from a low of 3.98 to a high of 10.07. The Industrial Products industry median Net Margin % is 4.51. Qingdao Hanhe Cable Co's value of 6.29% is 39.5% above this industry median. Based on the distribution chart, Qingdao Hanhe Cable Co ranks #1415 out of 3037 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Qingdao Hanhe Cable Co has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Qingdao Hanhe Cable Co's Net Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Qingdao Hanhe Cable Co ranks #1415 out of 3037 companies for Net Margin %. This puts Qingdao Hanhe Cable Co in the upper half of its industry. The industry median Net Margin % is 4.51. Qingdao Hanhe Cable Co's value of 6.29% is 39.5% above this benchmark. Historically, Qingdao Hanhe Cable Co's own Net Margin % has ranged from 3.98 to 10.07 over the past decade. While the company's 10-year median is 7.48 vs. the industry median of 4.51, Qingdao Hanhe Cable 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 4.51, based on 3,037 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. Qingdao Hanhe Cable Co's current Net Margin % of 6.29% is 39.5% 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 Qingdao Hanhe Cable Co and its competitors. For the Industrial Products industry, the median Net Margin % is 4.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qingdao Hanhe Cable Co's current Net Margin % is 6.29%, which is 16% below median its own 10-year median of 7.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qingdao Hanhe Cable Co stock overvalued right now?
Based on GuruFocus' analysis, Qingdao Hanhe Cable Co (SZSE:002498) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥4.50, compared to a current price of ¥6.54 — trading 45.3% above its estimated fair value. The current Net Margin % is 6.29%, which is 16% below median its 10-year median of 7.48 and 39.5% above the Industrial Products industry median of 4.51. Qingdao Hanhe Cable Co's overall GF Score™ is 59/100 with 7 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 Qingdao Hanhe Cable Co (SZSE:002498), the current Net Margin % is 6.29% 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 Qingdao Hanhe Cable Co (SZSE:002498) Overvalued in 2026?
Based on GuruFocus' analysis, Qingdao Hanhe Cable Co stock appears to be overvalued.
The current stock price of ¥6.54 is trading 45.3% above its estimated GF Value™ of ¥4.50.
GuruFocus considers Qingdao Hanhe Cable Co to be Significantly Overvalued.
Key valuation signals for SZSE:002498:
Net Margin %: 6.29% (16% below median its 10-year median of 7.48)
GF Value™: ¥4.50 vs. price of ¥6.54 (45.3% above fair value)
Industry Position: 39.5% above the Industrial Products median (#1415 of 3037)
No single metric tells the full story. See the SZSE:002498 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qingdao Hanhe Cable Co Ltd is engaged in the research, development, and manufacture of wires and cables in China. The company offers power cables, cable accessories, submarine cables, optical power composite cables, electrical equipment wires and cables, overhead conductors, communication cables, radio-frequency cables, bus bar and prefabricated branch cables, nuclear plant cables, fire-resistant cables, and DC series cables.
59GF Score
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