China Information Technology Development (HKSE:08178) Net Margin % : 416.86% (As of Dec. 2023)

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What is China Information Technology Development Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. China Information Technology Development's Net Income for the three months ended in Dec. 2023 was HK$-8.04 Mil. China Information Technology Development's Revenue for the three months ended in Dec. 2023 was HK$-1.93 Mil. Therefore, China Information Technology Development's net margin for the quarter that ended in Dec. 2023 was 416.86%.

The historical rank and industry rank for China Information Technology Development's Net Margin % or its related term are showing as below:

HKSE:08178' s Net Margin % Range Over the Past 10 Years
Min: -379.46 Med: -137.7 Max: 4.54
Current: -46.22

HKSE:08178's Net Margin % is ranked worse than
82.7% of 2768 companies
in the Software industry
Industry Median: 1.715 vs HKSE:08178: -46.22

China Information Technology Development Net Margin % Historical Data

The historical data trend for China Information Technology Development'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.

China Information Technology Development Net Margin % Chart

China Information Technology Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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-126.90

-21.36

-136.67

-138.72

-46.22

China Information Technology Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %	Get a 7-Day Free Trial															-1,049.33	-9.18	-10.26	-101.32	416.86

Competitive Comparison of China Information Technology Development's Net Margin %

For the Information Technology Services subindustry, China Information Technology Development'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.

China Information Technology Development's Net Margin % Distribution in the Software Industry

For the Software industry and Technology sector, China Information Technology Development's Net Margin % distribution charts can be found below:

* The bar in red indicates where China Information Technology Development's Net Margin % falls into.

China Information Technology Development 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.

China Information Technology Development'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 )
	=	-22.755	/	49.228
	=	-46.22 %

China Information Technology Development's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-8.037	/	-1.928
	=	416.86 %

China Information Technology Development (HKSE:08178) 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.

China Information Technology Development Net Margin % Related Terms

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China Information Technology Development (HKSE:08178) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » China Information Technology Development Ltd (HKSE:08178) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

392 Kwun Tong Road, Unit 3308, 33rd Floor, Millennium City 6, Kwun Tong, Hong Kong, HKG

Website

https://www.citd.com.hk

China Information Technology Development Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the provision of system integration and related support services, provision of IT infrastructure solutions and maintenance services, money lending, and securities trading. It operates in the segments of Provision of IT solutions and maintenance, Money lending, Securities trading, and Rental of properties. It generates key revenue from the IT solutions and maintenance segment. It has a business presence in the PRC and Hong Kong, of which a majority of revenue is derived from Hong Kong.

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