Hainan Drinda's high ROE may be inflated by substantial debt...
Hainan Drinda's high ROE may be inflated by substantial debt, potentially misleading about the firm's returns. A high ROE without debt indicates a high-quality business. Between two firms with equal ROE, the less indebted one is usually favored.
Is Hainan Drinda New Energy Technology Co., Ltd. (SZSE:002865) A High Quality Stock To Own?
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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