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Jiangsufety Group Co (SHSE:603028) Net Margin % : -2.17% (As of Mar. 2024)


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What is Jiangsufety Group Co Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Jiangsufety Group Co's Net Income for the three months ended in Mar. 2024 was ¥-6 Mil. Jiangsufety Group Co's Revenue for the three months ended in Mar. 2024 was ¥280 Mil. Therefore, Jiangsufety Group Co's net margin for the quarter that ended in Mar. 2024 was -2.17%.

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

SHSE:603028' s Net Margin % Range Over the Past 10 Years
Min: -9.99   Med: 5.17   Max: 8.35
Current: 1.3


SHSE:603028's Net Margin % is ranked worse than
64.78% of 602 companies
in the Steel industry
Industry Median: 2.745 vs SHSE:603028: 1.30

Jiangsufety Group Co Net Margin % Historical Data

The historical data trend for Jiangsufety Group 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.

Jiangsufety Group Co Net Margin % Chart

Jiangsufety Group 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 2.27 7.16 6.22 -9.99 1.98

Jiangsufety Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 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 1.71 4.29 2.26 -2.51 -2.17

Competitive Comparison of Jiangsufety Group Co's Net Margin %

For the Steel subindustry, Jiangsufety Group 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.


Jiangsufety Group Co's Net Margin % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jiangsufety Group Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where Jiangsufety Group Co's Net Margin % falls into.



Jiangsufety Group 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.

Jiangsufety Group 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 )
=31.835/1605.451
=1.98 %

Jiangsufety Group 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 )
=-6.069/279.831
=-2.17 %

* 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.


Jiangsufety Group Co  (SHSE:603028) 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.


Jiangsufety Group Co Net Margin % Related Terms

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Jiangsufety Group Co (SHSE:603028) Business Description

Traded in Other Exchanges
N/A
Address
No. 151, Furong Zhongsan Road, XiShan Economic Development Zone, Jiangsu, Wuxi, CHN, 214192
Jiangsu Safety Wire Rope Co Ltd develops and manufactures elevator ropes for customers with different requirements and needs. Its products include wire rope for elevators, lifting Wire rope, steel wire rope, synthetic fiber sling belt rigging, and accessories. Its products are used in elevators, construction machinery, Hong Kong Port terminal, coal mine, marine engineering, shipbuilding, ocean fishing, logistics, and warehousing.
Executives
Shen Sheng Quan Director
Cui Zi Feng Director
Zhao Zu Yin senior management
Deng Wei Director
Lin Zhu Ying Director
Yang Yue Min Director
Liu Hong Gang Director
Bai Shu Qing Director
Hu Wen Lin Director
Wu Hai Feng Director
Cui Zhi Qiang Director

Jiangsufety Group Co (SHSE:603028) Headlines

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