China HK Power Smart Energy Group (HKSE:00931) Gross Margin % : -1.00% (As of Sep. 2023)

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What is China HK Power Smart Energy Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. China HK Power Smart Energy Group's Gross Profit for the six months ended in Sep. 2023 was HK$-1.3 Mil. China HK Power Smart Energy Group's Revenue for the six months ended in Sep. 2023 was HK$128.6 Mil. Therefore, China HK Power Smart Energy Group's Gross Margin % for the quarter that ended in Sep. 2023 was -1.00%.

The historical rank and industry rank for China HK Power Smart Energy Group's Gross Margin % or its related term are showing as below:

HKSE:00931' s Gross Margin % Range Over the Past 10 Years
Min: -7.89 Med: 0.49 Max: 92.97
Current: -3.88

During the past 13 years, the highest Gross Margin % of China HK Power Smart Energy Group was 92.97%. The lowest was -7.89%. And the median was 0.49%.

HKSE:00931's Gross Margin % is ranked worse than
95.38% of 930 companies
in the Oil & Gas industry
Industry Median: 27.965 vs HKSE:00931: -3.88

China HK Power Smart Energy Group had a gross margin of -1.00% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for China HK Power Smart Energy Group was 0.00% per year.

China HK Power Smart Energy Group Gross Margin % Historical Data

The historical data trend for China HK Power Smart Energy Group's Gross 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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China HK Power Smart Energy Group Gross Margin % Chart

China HK Power Smart Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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0.49

6.53

-7.89

-7.60

China HK Power Smart Energy Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial															-5.42	-13.42	-7.14	-8.31	-1.00

Competitive Comparison of China HK Power Smart Energy Group's Gross Margin %

For the Oil & Gas Refining & Marketing subindustry, China HK Power Smart Energy Group's Gross Margin %, along with its competitors' market caps and Gross 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 HK Power Smart Energy Group's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China HK Power Smart Energy Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where China HK Power Smart Energy Group's Gross Margin % falls into.

China HK Power Smart Energy Group Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

China HK Power Smart Energy Group's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	-16.1	/	211.85
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(211.85 - 227.951)	/	211.85
	=	-7.60 %

China HK Power Smart Energy Group's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	-1.3	/	128.622
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(128.622 - 129.914)	/	128.622
	=	-1.00 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

China HK Power Smart Energy Group (HKSE:00931) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

China HK Power Smart Energy Group had a gross margin of -1.00% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

China HK Power Smart Energy Group Gross Margin % Related Terms

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China HK Power Smart Energy Group (HKSE:00931) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China HK Power Smart Energy Group Ltd (HKSE:00931) » Definitions » Gross Margin %

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Address

33 Garden Road, St. John's Building, 8th Floor, Central, Hong Kong, HKG

Website

https://www.chinalng.todayir.com/en/index.php

China HK Power Smart Energy Group Ltd Formerly China LNG Group Ltd is engaged in the development of new energy businesses, which include investment, construction & operation of liquefied natural gas infrastructure, and financial leasing services. Its segments include financial services through finance leasing services for LNG vehicles, vessels, and equipment, provision of LNG in the downstream market, provision of commercial vehicle platform services, trading of securities, properties investment, and financial services through the provision of money lending business & LNG business which is Sales & distribution of LNG including wholesale of LNG, point-to-point supply of LNG, LNG pipeline network and provision of LNG logistic services in the PRC. The majority of revenue is from LNG business.

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