Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) Operating Margin %: 15.48% (As of Mar. 2026) — 35% Below Median

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SHSE:603682 Shanghai Golden Union Commercial Management (Group) Co Ltd SHSE:603682
73 GF Score
Price ¥9.60
GF Value ¥7.06
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Shanghai Golden Union Commercial Management (Group) Co Operating Margin %?

Shanghai Golden Union Commercial Management (Group) Co SHSE:603682 +9.97% 73 Operating Margin % is 15.48% as of Mar. 2026, which is 35% below its 10-year median of 23.94. GuruFocus rates SHSE:603682 with a GF Score™ of 73/100 and a GF Value™ of ¥7.06 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,742 Real Estate companies, Shanghai Golden Union Commercial Management (Group) Co ranks better than 52.87% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Shanghai Golden Union Commercial Management (Group) Co's Operating Income for the three months ended in Mar. 2026 was ¥35.2 Mil. Shanghai Golden Union Commercial Management (Group) Co's Revenue for the three months ended in Mar. 2026 was ¥227.2 Mil. Therefore, Shanghai Golden Union Commercial Management (Group) Co's Operating Margin % for the quarter that ended in Mar. 2026 was 15.48%.

Warning Sign:

Shanghai Golden Union Commercial Management (Group) Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -13%.

The historical rank and industry rank for Shanghai Golden Union Commercial Management (Group) Co's Operating Margin % or its related term are showing as below:

SHSE:603682' s Operating Margin % Range Over the Past 10 Years
Min: 13.82   Med: 23.94   Max: 30.38
Current: 14.97


SHSE:603682's Operating Margin % is ranked better than
52.87% of 1742 companies
in the Real Estate industry
Industry Median: 13.31 vs SHSE:603682: 14.97

Shanghai Golden Union Commercial Management (Group) Co's 5-Year Average Operating Margin % Growth Rate was -13.00% per year.

Shanghai Golden Union Commercial Management (Group) Co's Operating Income for the three months ended in Mar. 2026 was ¥35.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ¥139.6 Mil.


Shanghai Golden Union Commercial Management (Group) Co  (SHSE:603682) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Shanghai Golden Union Commercial Management (Group) Co Operating Margin % Related Terms


Shanghai Golden Union Commercial Management (Group) Co Operating Margin % Historical Data

* Premium members only.

The historical data trend for Shanghai Golden Union Commercial Management (Group) Co's Operating 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.

Shanghai Golden Union Commercial Management (Group) Co Operating Margin % Chart

Shanghai Golden Union Commercial Management (Group) Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.59 28.12 16.75 13.82 15.00

Shanghai Golden Union Commercial Management (Group) Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating 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 15.55 16.15 16.67 11.23 15.48

SHSE:603682 vs CBRE, BEKE, JLL: Operating Margin % Comparison

For the Real Estate Services subindustry, Shanghai Golden Union Commercial Management (Group) Co's Operating Margin %, along with its competitors' market caps and Operating 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.


Shanghai Golden Union Commercial Management (Group) Co Operating Margin % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Shanghai Golden Union Commercial Management (Group) Co's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Shanghai Golden Union Commercial Management (Group) Co's Operating Margin % falls into.


SHSE:603682
73GF Score
Shanghai Golden Union Commercial Management (Group) Co Ltd SHSE:603682
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai Golden Union Commercial Management (Group) Co Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Shanghai Golden Union Commercial Management (Group) Co's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=141.963 / 946.617
=15.00 %

Shanghai Golden Union Commercial Management (Group) Co's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=35.179 / 227.215
=15.48 %

* 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 Operating Margin % →
What does a Operating Margin % of 15.48% mean?
Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) has a Operating Margin % of 15.48% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Shanghai Golden Union Commercial Management (Group) Co and its competitors. This is 35% below median its historical median of 23.94. Over the past decade, Shanghai Golden Union Commercial Management (Group) Co's Operating Margin % has ranged from 13.82 to 30.38. According to the industry distribution chart, Shanghai Golden Union Commercial Management (Group) Co ranks #821 out of 1742 companies in the Real Estate industry, placing it in the top 47.1%.
Is Shanghai Golden Union Commercial Management (Group) Co's Operating Margin % too high?
Shanghai Golden Union Commercial Management (Group) Co's current Operating Margin % of 15.48% is 35% below median its 10-year median of 23.94. Over the past 10 years, this metric has ranged from a low of 13.82 to a high of 30.38. The Real Estate industry median Operating Margin % is 13.31. Shanghai Golden Union Commercial Management (Group) Co's value of 15.48% is 16.3% above this industry median. Based on the distribution chart, Shanghai Golden Union Commercial Management (Group) Co ranks #821 out of 1742 companies in the Real Estate industry, which is above the industry midpoint. Overall, Shanghai Golden Union Commercial Management (Group) Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Golden Union Commercial Management (Group) Co's Operating Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Shanghai Golden Union Commercial Management (Group) Co ranks #821 out of 1742 companies for Operating Margin %. This puts Shanghai Golden Union Commercial Management (Group) Co in the upper half of its industry. The industry median Operating Margin % is 13.31. Shanghai Golden Union Commercial Management (Group) Co's value of 15.48% is 16.3% above this benchmark. Historically, Shanghai Golden Union Commercial Management (Group) Co's own Operating Margin % has ranged from 13.82 to 30.38 over the past decade. While the company's 10-year median is 23.94 vs. the industry median of 13.31, Shanghai Golden Union Commercial Management (Group) 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 Operating Margin % for a Real Estate company?
The median Operating Margin % among Real Estate companies is 13.31, based on 1,742 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shanghai Golden Union Commercial Management (Group) Co's current Operating Margin % of 15.48% is 16.3% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Shanghai Golden Union Commercial Management (Group) Co and its competitors. For the Real Estate industry, the median Operating Margin % is 13.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Golden Union Commercial Management (Group) Co's current Operating Margin % is 15.48%, which is 35% below median its own 10-year median of 23.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Golden Union Commercial Management (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥7.06, compared to a current price of ¥9.60 — trading 36% above its estimated fair value. The current Operating Margin % is 15.48%, which is 35% below median its 10-year median of 23.94 and 16.3% above the Real Estate industry median of 13.31. Shanghai Golden Union Commercial Management (Group) Co's overall GF Score™ is 73/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682), the current Operating Margin % is 15.48% 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 Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Golden Union Commercial Management (Group) Co stock appears to be overvalued. The current stock price of ¥9.60 is trading 36% above its estimated GF Value™ of ¥7.06. GuruFocus considers Shanghai Golden Union Commercial Management (Group) Co to be Significantly Overvalued.

Key valuation signals for SHSE:603682:

  • Operating Margin %: 15.48% (35% below median its 10-year median of 23.94)
  • GF Value™: ¥7.06 vs. price of ¥9.60 (36% above fair value)
  • GF Score™: 73/100 with 9 warning signs
  • Industry Position: 16.3% above the Real Estate median (#821 of 1742)

No single metric tells the full story. See the SHSE:603682 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Golden Union Commercial Management (Group) Co Business Description

Address No. 68 Hongcao Road, 18th Floor, Building 43, Jinhe Center, Xuhui District, Shanghai, CHN, 200233
Shanghai Golden Union Commercial Management (Group) Co Ltd is engaged in positioning design, transformation and operation management of industrial parks and creative industrial parks. The company specializes in the field of urban renewal and provides a one-stop service for the entire value chain of existing commercial properties in cities. Its services improve the value of properties through remarketing, design and transformation of old properties, investment management, and improve the appearance of the city while tapping the historical context of architecture to promote the incubation of cultural and creative industries.
73GF Score

Get the complete analysis for SHSE:603682

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

¥9.60
Price
¥7.06
GF Value