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BAIC BluePark New Energy Technology Co (SHSE:600733) Gross Profit : ¥-701 Mil (TTM As of Mar. 2024)


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What is BAIC BluePark New Energy Technology Co Gross Profit?

BAIC BluePark New Energy Technology Co's gross profit for the three months ended in Mar. 2024 was ¥-96 Mil. BAIC BluePark New Energy Technology Co's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-701 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. BAIC BluePark New Energy Technology Co's gross profit for the three months ended in Mar. 2024 was ¥-96 Mil. BAIC BluePark New Energy Technology Co's Revenue for the three months ended in Mar. 2024 was ¥1,505 Mil. Therefore, BAIC BluePark New Energy Technology Co's Gross Margin % for the quarter that ended in Mar. 2024 was -6.37%.

BAIC BluePark New Energy Technology Co had a gross margin of -6.37% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of BAIC BluePark New Energy Technology Co was 59.23%. The lowest was -28.82%. And the median was 10.17%.


BAIC BluePark New Energy Technology Co Gross Profit Historical Data

The historical data trend for BAIC BluePark New Energy Technology Co's Gross Profit 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.

BAIC BluePark New Energy Technology Co Gross Profit Chart

BAIC BluePark New Energy Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,194.79 -1,519.35 70.52 -494.40 -819.58

BAIC BluePark New Energy Technology Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Profit 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 -214.62 -74.37 -171.02 -359.57 -95.88

Competitive Comparison of BAIC BluePark New Energy Technology Co's Gross Profit

For the Auto Manufacturers subindustry, BAIC BluePark New Energy Technology Co's Gross Profit, along with its competitors' market caps and Gross Profit 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.


BAIC BluePark New Energy Technology Co's Gross Profit Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, BAIC BluePark New Energy Technology Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where BAIC BluePark New Energy Technology Co's Gross Profit falls into.



BAIC BluePark New Energy Technology Co Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

BAIC BluePark New Energy Technology Co's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=14318.613 - 15138.188
=-820

BAIC BluePark New Energy Technology Co's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )=Revenue - Cost of Goods Sold
=1504.637 - 1600.513
=-96

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-701 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

BAIC BluePark New Energy Technology Co's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=-96 / 1504.637
=-6.37 %

* 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.

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.


BAIC BluePark New Energy Technology Co  (SHSE:600733) Gross Profit 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

BAIC BluePark New Energy Technology Co had a gross margin of -6.37% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage


BAIC BluePark New Energy Technology Co Gross Profit Related Terms

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BAIC BluePark New Energy Technology Co (SHSE:600733) Business Description

Traded in Other Exchanges
N/A
Address
No. 5, Donghuan Middle Road, Building 12, Economic and Technological Development Zone, Beijing, CHN, 100176
BAIC BluePark New Energy Technology Co Ltd is a Chinese new energy vehicle company. It is engaged in building a new ecology and new pattern of the integration of automobile and energy, internet and artificial intelligence industry, and building a new energy vehicle technology innovation center. It owns global research and development centers in Beijing, Silicon Valley, Germany, Spain, and other areas covering electric drive assembly systems, internet, and intelligent, extended-range electric vehicle power systems.
Executives
Wang Jian Ming Supervisors
Zhang Xian Director

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