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Zhejiangnhua Intelligent Controls Co (SZSE:002050) Gross Profit : ¥7,140 Mil (TTM As of Mar. 2024)


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What is Zhejiangnhua Intelligent Controls Co Gross Profit?

Zhejiangnhua Intelligent Controls Co's gross profit for the three months ended in Mar. 2024 was ¥1,742 Mil. Zhejiangnhua Intelligent Controls Co's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ¥7,140 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Zhejiangnhua Intelligent Controls Co's gross profit for the three months ended in Mar. 2024 was ¥1,742 Mil. Zhejiangnhua Intelligent Controls Co's Revenue for the three months ended in Mar. 2024 was ¥6,440 Mil. Therefore, Zhejiangnhua Intelligent Controls Co's Gross Margin % for the quarter that ended in Mar. 2024 was 27.05%.

Zhejiangnhua Intelligent Controls Co had a gross margin of 27.05% for the quarter that ended in Mar. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Zhejiangnhua Intelligent Controls Co was 31.23%. The lowest was 25.68%. And the median was 28.41%.

Warning Sign:

Zhejiang Sanhua Intelligent Controls Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.7%.


Zhejiangnhua Intelligent Controls Co Gross Profit Historical Data

The historical data trend for Zhejiangnhua Intelligent Controls 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.

Zhejiangnhua Intelligent Controls Co Gross Profit Chart

Zhejiangnhua Intelligent Controls 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 3,340.65 3,371.61 4,113.46 5,566.45 6,849.68

Zhejiangnhua Intelligent Controls 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 1,452.10 1,781.21 1,983.94 1,632.44 1,742.02

Competitive Comparison of Zhejiangnhua Intelligent Controls Co's Gross Profit

For the Specialty Industrial Machinery subindustry, Zhejiangnhua Intelligent Controls 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.


Zhejiangnhua Intelligent Controls Co's Gross Profit Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiangnhua Intelligent Controls Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Zhejiangnhua Intelligent Controls Co's Gross Profit falls into.



Zhejiangnhua Intelligent Controls Co Gross Profit Calculation

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

Zhejiangnhua Intelligent Controls 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
=24557.802 - 17708.12
=6,850

Zhejiangnhua Intelligent Controls 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
=6439.559 - 4697.542
=1,742

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 ¥7,140 Mil.

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

Zhejiangnhua Intelligent Controls 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
=1,742 / 6439.559
=27.05 %

* 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.


Zhejiangnhua Intelligent Controls Co  (SZSE:002050) 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

Zhejiangnhua Intelligent Controls Co had a gross margin of 27.05% for the quarter that ended in Mar. 2024 => Competition eroding margins


Zhejiangnhua Intelligent Controls Co Gross Profit Related Terms

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Zhejiangnhua Intelligent Controls Co (SZSE:002050) Business Description

Traded in Other Exchanges
N/A
Address
Xiali Street, Qixing Street, Xinchang County, Zhejiang Province, Shaoxing, CHN, 312500
Zhejiang Sanhua Intelligent Controls Co Ltd is an HVAC&R manufacturer of controls and components. It is engaged in the research and development, manufacture and distribution of refrigeration and air-conditioning control components, which include 4-way reversing valves, solenoid valves, and electronic expansion valves. The products offered by the company are standard controls and line components, customized controls and line components, electronic controls, and micro-channel heat exchanger. The products have application in air conditioning, commercial refrigeration, heat pump and home appliances. The organization supplies its products in China and internationally.
Executives
Ni Xiao Ming Director
Hu Kai Cheng Secretary Dong
Wang Da Yong Directors, executives
Yu Ying Kui Executives
Zhang Ya Bo Directors, executives
Chen Xiao Ming Supervisors
Chen Yu Zhong Directors, executives
Wang Yu Tong Securities Affairs Representative
Weng Wei Feng Supervisors
Shi Chu Liang Director
Liu Fei Executives
Du An Lin Executives
Li Wen Xiang Director
Yu Shu Li Director

Zhejiangnhua Intelligent Controls Co (SZSE:002050) Headlines

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