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Huaibei Mining Holdings Co (SHSE:600985) Gross Profit : ¥12,667 Mil (TTM As of Mar. 2024)


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What is Huaibei Mining Holdings Co Gross Profit?

Huaibei Mining Holdings Co's gross profit for the three months ended in Mar. 2024 was ¥3,282 Mil. Huaibei Mining Holdings Co's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ¥12,667 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Huaibei Mining Holdings Co's gross profit for the three months ended in Mar. 2024 was ¥3,282 Mil. Huaibei Mining Holdings Co's Revenue for the three months ended in Mar. 2024 was ¥17,363 Mil. Therefore, Huaibei Mining Holdings Co's Gross Margin % for the quarter that ended in Mar. 2024 was 18.90%.

Huaibei Mining Holdings Co had a gross margin of 18.90% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Huaibei Mining Holdings Co was 43.76%. The lowest was 16.62%. And the median was 20.69%.


Huaibei Mining Holdings Co Gross Profit Historical Data

The historical data trend for Huaibei Mining Holdings 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.

Huaibei Mining Holdings Co Gross Profit Chart

Huaibei Mining Holdings 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 10,003.71 9,559.94 13,109.18 16,133.77 14,040.54

Huaibei Mining Holdings 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 4,655.59 3,313.50 3,326.39 2,745.06 3,281.60

Competitive Comparison of Huaibei Mining Holdings Co's Gross Profit

For the Specialty Chemicals subindustry, Huaibei Mining Holdings 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.


Huaibei Mining Holdings Co's Gross Profit Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Huaibei Mining Holdings Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Huaibei Mining Holdings Co's Gross Profit falls into.



Huaibei Mining Holdings Co Gross Profit Calculation

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

Huaibei Mining Holdings 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
=73592.295 - 59551.759
=14,041

Huaibei Mining Holdings 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
=17362.96 - 14081.363
=3,282

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 ¥12,667 Mil.

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

Huaibei Mining Holdings 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
=3,282 / 17362.96
=18.90 %

* 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.


Huaibei Mining Holdings Co  (SHSE:600985) 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

Huaibei Mining Holdings Co had a gross margin of 18.90% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage


Huaibei Mining Holdings Co Gross Profit Related Terms

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Huaibei Mining Holdings Co (SHSE:600985) Business Description

Traded in Other Exchanges
N/A
Address
Dong Shan Road, Anhui Province, Huaibei, CHN, 235042
Huaibei Mining Holdings Co Ltd, formerly Anhui Leimingkehua Co Ltd is engaged in the manufacture and sales of civil explosive products. The company principally provides industrial explosives and detonators, contract mining and urban blasting. The company has a number of civilian explosive production bases, and its sales network covers 21 provinces and cities including Anhui, Jiangsu, Henan, Qinghai, Inner Mongolia and Fujian.

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