Xiangyang Changyuandonggu Industry Co., Ltd.'s (SHSE:603950) Stock Is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
Xiangyang Changyuandonggu Industry Co., Ltd.'s (SHSE:603950) Stock Is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
Xiangyang Changyuandonggu Industry's (SHSE:603950) stock is up by a considerable 9.8% over the past week. But the company's key financial indicators appear to be differing across the board and that makes us question whether or not the company's current share price momentum can be maintained. In this article, we decided to focus on Xiangyang Changyuandonggu Industry's ROE.
襄阳长源东谷实业(上海证券交易所股票代码：603950)的股票在过去的一周里上涨了9.8%。但该公司的关键财务指标似乎在所有方面都不同，这让我们质疑该公司目前的股价势头能否保持下去。在本文中，我们决定关注襄阳长垣东谷实业的净资产收益率。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回报率(ROE)是用来评估公司管理层利用公司资本效率的关键指标。简而言之，它是用来评估一家公司相对于其权益资本的盈利能力。
View our latest analysis for Xiangyang Changyuandonggu Industry
查看我们对襄阳长垣东谷产业的最新分析
How To Calculate Return On Equity?
如何计算股本回报率？
The formula for return on equity is:
这个股本回报率公式是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率=(持续经营的)净利润？股东权益
So, based on the above formula, the ROE for Xiangyang Changyuandonggu Industry is:
因此，根据上述公式，襄阳长垣东谷产业的净资产收益率为：
6.3% = CN¥153m ÷ CN¥2.4b (Based on the trailing twelve months to June 2023).
6.3%=1.53亿元×24亿元(以截至2023年6月的12个月为基础)。
The 'return' is the income the business earned over the last year. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.06 in profit.
“回报”指的是企业在过去一年中获得的收入。这意味着，股东权益每增加1元，公司就会产生0.06元的利润。
What Is The Relationship Between ROE And Earnings Growth?
净资产收益率与盈利增长之间有什么关系？
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
到目前为止，我们已经了解到净资产收益率衡量的是一家公司创造利润的效率。我们现在需要评估公司将多少利润再投资或“保留”用于未来的增长，这就让我们对公司的增长潜力有了一个了解。假设其他条件相同，与没有相同特征的公司相比，拥有更高股本回报率和更高利润保留率的公司通常会有更高的增长率。
Xiangyang Changyuandonggu Industry's Earnings Growth And 6.3% ROE
襄阳长垣东谷产业盈利增长及净资产收益率6.3%
At first glance, Xiangyang Changyuandonggu Industry's ROE doesn't look very promising. However, given that the company's ROE is similar to the average industry ROE of 7.4%, we may spare it some thought. Having said that, Xiangyang Changyuandonggu Industry's five year net income decline rate was 18%. Remember, the company's ROE is a bit low to begin with. Therefore, the decline in earnings could also be the result of this.
乍一看，襄阳长垣东谷实业的净资产收益率看起来并不是很有希望。然而，鉴于该公司的净资产收益率(ROE)与7.4%的行业平均ROE相似，我们或许可以省去一些思考。话虽如此，襄阳长垣东谷实业的五年净收入降幅为18%。请记住，该公司的净资产收益率从一开始就有点低。因此，盈利下降也可能是这一点的结果。
However, when we compared Xiangyang Changyuandonggu Industry's growth with the industry we found that while the company's earnings have been shrinking, the industry has seen an earnings growth of 3.8% in the same period. This is quite worrisome.
然而，当我们将襄阳长垣东谷实业的增长与行业进行比较时发现，在公司盈利不断萎缩的同时，该行业同期的盈利增长了3.8%。这相当令人担忧。
Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Xiangyang Changyuandonggu Industry fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增长是评估一只股票时需要考虑的一个重要指标。对于投资者来说，重要的是知道市场是否已经消化了公司预期的收益增长(或下降)。通过这样做，他们将知道股票是将进入清澈的蓝色水域，还是等待沼泽水域。与其他公司相比，襄阳长垣东谷实业的估值是否公平？这3个估值指标可能会帮助你做出决定。
Is Xiangyang Changyuandonggu Industry Making Efficient Use Of Its Profits?
襄阳长垣东谷实业是否高效利用利润？
While the company did payout a portion of its dividend in the past, it currently doesn't pay a dividend. This implies that potentially all of its profits are being reinvested in the business.
虽然该公司过去确实支付了一部分股息，但目前它不支付股息。这意味着，它的所有利润可能都将再投资于该业务。
Conclusion
结论
In total, we're a bit ambivalent about Xiangyang Changyuandonggu Industry's performance. While the company does have a high rate of profit retention, its low rate of return is probably hampering its earnings growth. Until now, we have only just grazed the surface of the company's past performance by looking at the company's fundamentals. You can do your own research on Xiangyang Changyuandonggu Industry and see how it has performed in the past by looking at this FREE detailed graph of past earnings, revenue and cash flows.
总体而言，我们对襄阳长垣东谷实业的表现有点矛盾。虽然该公司的利润留存率确实很高，但其低回报率可能正在阻碍其收益增长。到目前为止，我们只是通过观察公司的基本面来了解公司过去的业绩。你可以自己研究襄阳长垣东谷实业，看看它过去的表现如何，看看这个免费的详细图表过去的收益、收入和现金流。
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本文由Simply Wall St.撰写，具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论，我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议，也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意，我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。