Declining Stock and Solid Fundamentals: Is The Market Wrong About Hongli Zhihui Group Co.,Ltd. (SZSE:300219)?
Declining Stock and Solid Fundamentals: Is The Market Wrong About Hongli Zhihui Group Co.,Ltd. (SZSE:300219)?
Hongli Zhihui GroupLtd (SZSE:300219) has had a rough week with its share price down 9.2%. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on Hongli Zhihui GroupLtd's ROE.
宏立智汇集团有限公司（深圳证券交易所代码：300219）经历了艰难的一周，其股价下跌了9.2％。但是，股票价格通常由公司的长期财务业绩驱动，在这种情况下，这看起来很有希望。在这篇文章中，我们决定重点关注宏利智汇集团有限公司的投资回报率。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股本回报率或投资回报率是对公司增值和管理投资者资金的有效性的考验。简而言之，它衡量公司相对于股东权益的盈利能力。
See our latest analysis for Hongli Zhihui GroupLtd
查看我们对宏立智汇集团有限公司的最新分析
How Is ROE Calculated?
ROE 是如何计算的？
The formula for return on equity is:
股本回报率的公式是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率 = 净利润（来自持续经营业务）÷ 股东权益
So, based on the above formula, the ROE for Hongli Zhihui GroupLtd is:
因此，根据以上公式，宏立智汇集团有限公司的投资回报率为：
8.8% = CN¥225m ÷ CN¥2.6b (Based on the trailing twelve months to September 2023).
8.8% = 2.25亿元人民币 ÷ 26亿元人民币（基于截至2023年9月的过去十二个月）。
The 'return' refers to a company's earnings over the last year. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.09 in profit.
“回报” 是指公司去年的收益。另一种思考方式是，公司每拥有价值1元人民币的股权，就能获得0.09元的利润。
What Is The Relationship Between ROE And Earnings Growth?
投资回报率与收益增长之间有什么关系？
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，投资回报率是衡量公司盈利能力的指标。现在，我们需要评估公司再投资或 “保留” 了多少利润以用于未来的增长，从而使我们对公司的增长潜力有所了解。一般而言，在其他条件相同的情况下，股本回报率和利润留存率高的公司的增长率要高于不具有这些属性的公司。
Hongli Zhihui GroupLtd's Earnings Growth And 8.8% ROE
鸿利智汇集团有限公司的收益增长和8.8％的投资回报率
When you first look at it, Hongli Zhihui GroupLtd's ROE doesn't look that attractive. However, the fact that the company's ROE is higher than the average industry ROE of 6.4%, is definitely interesting. Especially when you consider Hongli Zhihui GroupLtd's exceptional 36% net income growth over the past five years. That being said, the company does have a slightly low ROE to begin with, just that it is higher than the industry average. Therefore, the growth in earnings could also be the result of other factors. E.g the company has a low payout ratio or could belong to a high growth industry.
当你第一次看时，宏利智汇集团有限公司的投资回报率看起来并不那么吸引人。但是，该公司的投资回报率高于6.4％的行业平均投资回报率，这一事实绝对很有趣。尤其是考虑到宏力智汇集团有限公司在过去五年中实现了36％的惊人净收入增长。话虽如此，该公司的投资回报率一开始确实略低，只是高于行业平均水平。因此，收益的增长也可能是其他因素的结果。例如，该公司的派息率较低，或者可能属于高增长行业。
We then compared Hongli Zhihui GroupLtd'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 28% in the same 5-year period.
然后，我们将宏力智汇集团有限公司的净收入增长与该行业进行了比较，我们很高兴地看到，与同期5年同期增长率为28％的行业相比，该公司的增长数字更高。
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. Is Hongli Zhihui GroupLtd fairly valued compared to other companies? These 3 valuation measures might help you decide.
为公司附加价值的基础在很大程度上与其收益增长息息相关。投资者接下来需要确定的是，预期的收益增长或缺乏收益是否已经包含在股价中。这样做将帮助他们确定股票的未来是乐观还是不祥的。与其他公司相比，宏力智汇集团有限公司的估值是否合理？这3种估值指标可能会帮助您做出决定。
Is Hongli Zhihui GroupLtd Using Its Retained Earnings Effectively?
宏利智汇集团有限公司是否在有效使用其留存收益？
Hongli Zhihui GroupLtd doesn't pay any dividend currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the high earnings growth number that we discussed above.
宏力智汇集团有限公司目前不支付任何股息，这本质上意味着它已将其所有利润再投资于该业务。这无疑促成了我们上面讨论的高收益增长数字。
Conclusion
结论
In total, we are pretty happy with Hongli Zhihui GroupLtd's performance. In particular, it's great to see that the company has seen significant growth in its earnings backed by a respectable ROE and a high reinvestment rate.
总的来说，我们对宏立智汇集团有限公司的表现非常满意。特别是，很高兴看到该公司的收益显著增长，这得益于可观的投资回报率和较高的再投资率。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论，我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议，也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意，我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之，华尔街没有持有任何上述股票的头寸。