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Chengdu Rich Technology Co (BJSE:833781) Net Margin % : 7.91% (As of Mar. 2024)


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What is Chengdu Rich Technology Co Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Chengdu Rich Technology Co's Net Income for the three months ended in Mar. 2024 was ¥3.9 Mil. Chengdu Rich Technology Co's Revenue for the three months ended in Mar. 2024 was ¥49.7 Mil. Therefore, Chengdu Rich Technology Co's net margin for the quarter that ended in Mar. 2024 was 7.91%.

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

BJSE:833781' s Net Margin % Range Over the Past 10 Years
Min: 0.46   Med: 7.26   Max: 14.27
Current: 7.04


BJSE:833781's Net Margin % is ranked better than
60.3% of 2975 companies
in the Industrial Products industry
Industry Median: 5.21 vs BJSE:833781: 7.04

Chengdu Rich Technology Co Net Margin % Historical Data

The historical data trend for Chengdu Rich 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.

* Premium members only.

Chengdu Rich Technology Co Net Margin % Chart

Chengdu Rich Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.68 12.91 14.27 13.22 6.67

Chengdu Rich Technology Co Quarterly Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net 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 4.68 12.11 8.30 2.38 7.91

Competitive Comparison of Chengdu Rich Technology Co's Net Margin %

For the Specialty Industrial Machinery subindustry, Chengdu Rich 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.


Chengdu Rich Technology Co's Net Margin % Distribution in the Industrial Products Industry

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

* The bar in red indicates where Chengdu Rich Technology Co's Net Margin % falls into.



Chengdu Rich 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.

Chengdu Rich 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 )
=24.901/373.246
=6.67 %

Chengdu Rich 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 )
=3.927/49.664
=7.91 %

* 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.


Chengdu Rich Technology Co  (BJSE:833781) 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.


Chengdu Rich Technology Co Net Margin % Related Terms

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Chengdu Rich Technology Co (BJSE:833781) Business Description

Traded in Other Exchanges
N/A
Address
No. 288 Qinghua East Road, Qingbaijiang District, Sichuan Province, Chengdu City, CHN, 610300
Chengdu Rich Technology Co Ltd engages in the design, research, development, and manufacturing of large pressure vessels, intelligent integrated devices, special equipment for oil and gas drilling and production, processing of special equipment for electric power, and installation of lithium batteries and nuclear energy.

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