Zhejiang ZUCH Technology Co., Ltd's (SZSE:301280) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Zhejiang ZUCH Technology Co., Ltd's (SZSE:301280) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Zhejiang ZUCH Technology (SZSE:301280) has had a great run on the share market with its stock up by a significant 13% over the last week. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. In this article, we decided to focus on Zhejiang ZUCH Technology's ROE.
浙江著驰科技(SZSE:301280)最近一个星期在股票市场上运行良好,股价显著上涨13%。鉴于股票价格通常与公司长期的财务表现相一致,我们决定更加密切地研究其财务指标,以了解其对最近股价走势的影响。在本篇文章中,我们决定重点关注浙江著驰科技的ROE。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Put another way, it reveals the company's success at turning shareholder investments into profits.
ROE(净资产收益率)是股东需考虑的一个重要因素,因为它告诉他们资本被有效地再投资的效果如何。换句话说,它揭示了公司将股东的投资转化为利润的成功程度。
See our latest analysis for Zhejiang ZUCH Technology
查看我们对浙江著驰科技的最新分析
How To Calculate Return On Equity?
如何计算股东权益报酬率?
The formula for ROE is:
roe的公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
净资产收益率 = 净利润(从持续经营中获得)÷ 股东权益
So, based on the above formula, the ROE for Zhejiang ZUCH Technology is:
根据上述公式,浙江著驰科技的ROE为:7.7% = CN¥130m ÷ CN¥1.7b(截至2023年6月的过去十二个月)。
7.7% = CN¥130m ÷ CN¥1.7b (Based on the trailing twelve months to June 2023).
截至2023年6月的过去十二个月内,浙江著驰科技的净利润为1.3亿人民币,总资产为17亿人民币,所以ROE为7.7%。
The 'return' is the amount earned after tax over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.08 in profit.
‘回报’是过去十二个月缴纳税款后所赚取的金额。这意味着对于每个人民币1元的股东权益,公司产生了0.08元的利润。
Why Is ROE Important For Earnings Growth?
ROE对于盈利增长的重要性是什么?
So far, we've learned that ROE is a measure of a company's profitability. 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. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes.
到目前为止,我们已经了解到ROE是衡量公司盈利能力的一个指标。现在我们需要评估公司再投资或“保留”未来增长所需的利润,然后我们可以大致了解公司的增长潜力。一般来说,在其他条件相等的情况下,具有高ROE和利润保留的公司比没有这些属性的公司具有更高的增长率。
A Side By Side comparison of Zhejiang ZUCH Technology's Earnings Growth And 7.7% ROE
浙江著驰科技盈利增长和7.7%ROE的并列对比
On the face of it, Zhejiang ZUCH Technology's ROE is not much to talk about. Yet, a closer study shows that the company's ROE is similar to the industry average of 6.8%. On the other hand, Zhejiang ZUCH Technology reported a moderate 15% net income growth over the past five years. Taking into consideration that the ROE is not particularly high, we reckon that there could also be other factors at play which could be influencing the company's growth. For instance, the company has a low payout ratio or is being managed efficiently.
表面上看,浙江著驰科技的ROE并不值得一提。然而,进一步研究表明,该公司的ROE与行业平均水平6.8%相似。另一方面,浙江著驰科技在过去五年中净利润增长了15%。考虑到ROE并不特别高,我们认为可能还有其他因素在影响着公司的增长。例如,公司的支付比率较低或被有效地管理着。
We then compared Zhejiang ZUCH Technology's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 11% in the same 5-year period.
然后我们将浙江著驰科技的净利润增长与行业进行了比较,很高兴地看到,该公司的增长数据要高于同一5年期间行业的11%。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231031/0-561873dac991e4ce345bc91d01fee178-0-1a3a4a3fb7c84e1e42c797f199c5f3e4.png/big)
Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. Is Zhejiang ZUCH Technology fairly valued compared to other companies? These 3 valuation measures might help you decide.
在进行股票估值时,盈利增长是一个重要的指标。投资者应该尝试确定预期的盈利增长或下降是否已经反映在股票价格中。这样做可以帮助他们确定股票的未来前景是有希望的还是不妙的。和其他公司相比,浙江著驰科技的估值是否合理?这三个估值指标可能会帮助您做出决策。
Is Zhejiang ZUCH Technology Efficiently Re-investing Its Profits?
浙江著驰科技是否有效地利用了其利润?
Zhejiang ZUCH Technology has a three-year median payout ratio of 45%, which implies that it retains the remaining 55% of its profits. This suggests that its dividend is well covered, and given the decent growth seen by the company, it looks like management is reinvesting its earnings efficiently.
浙江著驰科技的三年中位数支付比率为45%,表明它保留了其盈利的其余55%。这表明其股息得到了很好的覆盖,并且考虑到公司所见的不错的增长,它看起来像是有效地再投资了其收益。
Conclusion
结论
Overall, we feel that Zhejiang ZUCH Technology certainly does have some positive factors to consider. Even in spite of the low rate of return, the company has posted impressive earnings growth as a result of reinvesting heavily into its business. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
总的来说,我们认为浙江著驰科技肯定有一些值得考虑的积极因素。即使回报率低,该公司也通过大量的再投资实现了令人印象深刻的盈利增长。尽管如此,最新的行业分析师预测显示,该公司的盈利预计将加速增长。要了解有关该公司未来盈利增长预测的更多信息,请查看分析师对该公司的预测的免费报告。
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