Hefei Changqing Machinery CoSHSE:603768 +2.74%64 Operating Margin % is 7.82% as of Mar. 2026, which is 8% above its 10-year median of 7.21. GuruFocus rates SHSE:603768 with a GF Score™ of 64/100 and a GF Value™ of ¥12.43 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 1,324 Vehicles & Parts companies, Hefei Changqing Machinery Co ranks worse than 70.92% on this metric.
Hefei Changqing Machinery Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -20.3%.
The historical rank and industry rank for Hefei Changqing Machinery Co's Operating Margin % or its related term are showing as below:
SHSE:603768'
s Operating Margin % Range Over the Past 10 Years
Min: 1.41 Med: 7.21 Max: 13.99
Current: 2.27
SHSE:603768's Operating Margin % is ranked worse than 70.92% of 1324
companies
in the Vehicles & Parts industry
Industry Median: 4.865
vs SHSE:603768: 2.27
Hefei Changqing Machinery Co Ltd has recorded a loss in operating income at least once over the past 3 years.
Hefei Changqing Machinery Co (SHSE:603768) 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 Nokias 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.
Hefei Changqing Machinery Co Operating Margin % Related Terms
Hefei Changqing Machinery Co Operating 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.
Hefei Changqing Machinery Co Operating Margin % Chart
SHSE:603768 vs ORLY, AZO: Operating Margin % Comparison
For the Auto Parts subindustry, Hefei Changqing Machinery 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.
Hefei Changqing Machinery Co Operating Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Hefei Changqing Machinery Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Hefei Changqing Machinery Co's Operating Margin % falls into.
Hefei Changqing Machinery 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.
* 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.
Hefei Changqing Machinery Co (SHSE:603768) has a Operating Margin % of 7.82% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Hefei Changqing Machinery Co and its competitors. This is near median its historical median of 7.21. Over the past decade, Hefei Changqing Machinery Co's Operating Margin % has ranged from 1.41 to 13.99. According to the industry distribution chart, Hefei Changqing Machinery Co ranks #939 out of 1324 companies in the Vehicles & Parts industry, placing it in the top 70.9%.
Is Hefei Changqing Machinery Co's Operating Margin % too high?
Hefei Changqing Machinery Co's current Operating Margin % of 7.82% is near median its 10-year median of 7.21. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 13.99. The Vehicles & Parts industry median Operating Margin % is 4.87. Hefei Changqing Machinery Co's value of 7.82% is 60.7% above this industry median. Based on the distribution chart, Hefei Changqing Machinery Co ranks #939 out of 1324 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Hefei Changqing Machinery Co has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hefei Changqing Machinery Co's Operating Margin % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Hefei Changqing Machinery Co ranks #939 out of 1324 companies for Operating Margin %. This places Hefei Changqing Machinery Co in the lower half of its industry. The industry median Operating Margin % is 4.87. Hefei Changqing Machinery Co's value of 7.82% is 60.7% above this benchmark. Historically, Hefei Changqing Machinery Co's own Operating Margin % has ranged from 1.41 to 13.99 over the past decade. While the company's 10-year median is 7.21 vs. the industry median of 4.87, Hefei Changqing Machinery 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 Vehicles & Parts company?
The median Operating Margin % among Vehicles & Parts companies is 4.87, based on 1,324 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. Hefei Changqing Machinery Co's current Operating Margin % of 7.82% is 60.7% 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 Hefei Changqing Machinery Co and its competitors. For the Vehicles & Parts industry, the median Operating Margin % is 4.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hefei Changqing Machinery Co's current Operating Margin % is 7.82%, which is near median its own 10-year median of 7.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hefei Changqing Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, Hefei Changqing Machinery Co (SHSE:603768) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥12.43, compared to a current price of ¥9.38 — trading 24.5% below its estimated fair value. The current Operating Margin % is 7.82%, which is near median its 10-year median of 7.21 and 60.7% above the Vehicles & Parts industry median of 4.87. Hefei Changqing Machinery Co's overall GF Score™ is 64/100 with 11 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 Hefei Changqing Machinery Co (SHSE:603768), the current Operating Margin % is 7.82% 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 Hefei Changqing Machinery Co (SHSE:603768) Overvalued in 2026?
Based on GuruFocus' analysis, Hefei Changqing Machinery Co stock appears to be undervalued.
The current stock price of ¥9.38 is trading 24.5% below its estimated GF Value™ of ¥12.43.
GuruFocus considers Hefei Changqing Machinery Co to be Modestly Undervalued.
Key valuation signals for SHSE:603768:
Operating Margin %: 7.82% (near median its 10-year median of 7.21)
GF Value™: ¥12.43 vs. price of ¥9.38 (24.5% below fair value)
Industry Position: 60.7% above the Vehicles & Parts median (#939 of 1324)
No single metric tells the full story. See the SHSE:603768 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hefei Changqing Machinery Co Ltd is a China based company primarily engaged in the manufacturing of automotive parts. The company researches, develops, and produces automotive stamping, mold fixture products, and welding parts. It offers products for passenger cars, VIP cars, commercial vehicles, electrophoresis, and other series. The product portfolio of the company comprises chassis frame, air reservoir, silencer, forklift roof, stringer, and other related accessories.
64GF Score
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