HONG RI DA Technology Company Limited (SZSE:301285) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?
HONG RI DA Technology Company Limited (SZSE:301285) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?
Most readers would already be aware that HONG RI DA Technology's (SZSE:301285) stock increased significantly by 12% over the past week. However, we wonder if the company's inconsistent financials would have any adverse impact on the current share price momentum. In this article, we decided to focus on HONG RI DA Technology's ROE.
大多数读者已经意识到，宏日达科技（深圳证券交易所代码：301285）的股票在过去一周大幅上涨了12％。但是，我们想知道该公司财务状况不稳定是否会对当前的股价势头产生任何不利影响。在本文中，我们决定重点关注宏日达科技的投资回报率。
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.
股本回报率或投资回报率是股东需要考虑的重要因素，因为它可以告诉他们资本再投资的有效性。换句话说，它揭示了公司成功地将股东投资转化为利润。
See our latest analysis for HONG RI DA Technology
查看我们对 HONG RI DA Technology 的最新分析
How Is ROE Calculated?
ROE 是如何计算的？
The formula for ROE is:
ROE 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 HONG RI DA Technology is:
因此，根据上述公式，宏日达科技的投资回报率为：
3.3% = CN¥35m ÷ CN¥1.1b (Based on the trailing twelve months to September 2023).
3.3% = 3500万元人民币 ÷ 11亿元人民币（基于截至2023年9月的过去十二个月）。
The 'return' is the profit over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.03 in profit.
“回报” 是过去十二个月的利润。这意味着，公司每获得价值1元人民币的股东权益，就会产生0.03CN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？
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.
我们已经确定，投资回报率是衡量公司未来收益的有效盈利指标。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。
HONG RI DA Technology's Earnings Growth And 3.3% ROE
宏日达科技的收益增长和3.3％的投资回报率
As you can see, HONG RI DA Technology's ROE looks pretty weak. Even when compared to the industry average of 6.6%, the ROE figure is pretty disappointing. Hence, the flat earnings seen by HONG RI DA Technology over the past five years could probably be the result of it having a lower ROE.
如你所见，宏日达科技的投资回报率看起来相当疲软。即使与6.6％的行业平均水平相比，投资回报率的数字也相当令人失望。因此，HONG RI DA Technology在过去五年中实现的收益持平可能是其投资回报率较低的结果。
Next, on comparing with the industry net income growth, we found that HONG RI DA Technology's reported growth was lower than the industry growth of 11% over the last few years, which is not something we like to see.
接下来，与行业净收入增长相比，我们发现宏日达科技报告的增长低于过去几年11％的行业增长，这不是我们希望看到的。
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. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about HONG RI DA Technology's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
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。然后，这可以帮助他们确定股票是为光明还是暗淡的未来而布局。如果你想知道HONG RI DA Technology的估值，可以看看这个衡量其市盈率与行业相比的指标。
Is HONG RI DA Technology Using Its Retained Earnings Effectively?
HONG RI DA Technology 能否有效使用其留存收益？
HONG RI DA Technology's low three-year median payout ratio of 16%, (meaning the company retains84% of profits) should mean that the company is retaining most of its earnings and consequently, should see higher growth than it has reported.
HONG RI DA Technology的三年中位数派息率较低，为16％（这意味着该公司保留了84％的利润），这应该意味着该公司保留了大部分收益，因此增长幅度应高于其报告的水平。
Additionally, HONG RI DA Technology started paying a dividend only recently. So it looks like the management must have perceived that shareholders favor dividends over earnings growth.
此外，宏日达科技直到最近才开始派发股息。因此，看来管理层一定已经意识到股东偏爱股息而不是收益增长。
Conclusion
结论
On the whole, we feel that the performance shown by HONG RI DA Technology can be open to many interpretations. While the company does have a high rate of profit retention, its low rate of return is probably hampering its earnings growth. So far, we've only made a quick discussion around the company's earnings growth. So it may be worth checking this free detailed graph of HONG RI DA Technology's past earnings, as well as revenue and cash flows to get a deeper insight into the company's performance.
总的来说，我们认为宏日达科技所表现出的表现可以有多种解释。尽管该公司的利润保留率确实很高，但其低回报率可能会阻碍其收益增长。到目前为止，我们仅就公司的收益增长进行了简短的讨论。因此，可能值得查看这张关于HONG RI DA Technology过去收益以及收入和现金流的免费详细图表，以更深入地了解该公司的业绩。
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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。