Are Jiangxi Special Electric Motor Co.,Ltd's (SZSE:002176) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
Are Jiangxi Special Electric Motor Co.,Ltd's (SZSE:002176) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity Jiangxi Special Electric MotorLtd (SZSE:002176) has had a rough month with its share price down 29%. However, stock prices are usually driven by a company's financials over the long term, which in this case look pretty respectable. Specifically, we decided to study Jiangxi Special Electric MotorLtd's ROE in this article.
江西特种电机有限公司（深圳证券交易所：002176）经历了艰难的一个月，其股价下跌了29％。但是，从长远来看，股票价格通常由公司的财务状况驱动，在这种情况下，这看起来相当可观。具体而言，我们决定在本文中研究江西特种电机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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
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，它用于评估公司相对于其股权资本的盈利能力。
How Do You Calculate Return On Equity?
你如何计算股本回报率？
Return on equity can be calculated by using the formula:
股本回报率可以使用以下公式计算：
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 Jiangxi Special Electric MotorLtd is:
因此，根据上述公式，江西特种电动机有限公司的投资回报率为：
6.8% = CN¥282m ÷ CN¥4.2b (Based on the trailing twelve months to September 2023).
6.8% = 2.82亿元人民币 ¥42亿元人民币（基于截至2023年9月的过去十二个月）。
The 'return' is the yearly profit. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.07.
“回报” 是每年的利润。因此，这意味着公司每投资1元人民币，公司就会产生0.07元人民币的利润。
Why Is ROE Important For Earnings Growth?
为什么投资回报率对收益增长很重要？
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. 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，投资回报率衡量的是公司创造利润的效率。根据公司选择将多少利润进行再投资或 “保留”，我们便能够评估公司未来创造利润的能力。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。
Jiangxi Special Electric MotorLtd's Earnings Growth And 6.8% ROE
江西特种电机有限公司的收益增长和6.8％的投资回报率
At first glance, Jiangxi Special Electric MotorLtd's ROE doesn't look very promising. However, given that the company's ROE is similar to the average industry ROE of 7.2%, we may spare it some thought. Looking at Jiangxi Special Electric MotorLtd's exceptional 60% five-year net income growth in particular, we are definitely impressed. Considering the moderately low ROE, it is quite possible that there might be some other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place.
乍一看，江西特种电机有限公司的投资回报率看起来并不十分乐观。但是，鉴于该公司的投资回报率与7.2％的平均行业投资回报率相似，我们可以不加思索。特别是江西特种电机有限公司惊人的 60% 的五年净收入增长，我们肯定印象深刻。考虑到投资回报率适中，很可能还有其他一些方面对公司的收益增长产生积极影响。例如——高收益留存率或实行高效管理。
We then compared Jiangxi Special Electric MotorLtd'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 14% in the same 5-year period.
然后，我们将江西特种电机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14％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. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. Is Jiangxi Special Electric MotorLtd 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。对于投资者来说，重要的是要知道市场是否对公司的预期收益增长（或下降）进行了定价。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，江西特种电机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 Jiangxi Special Electric MotorLtd Efficiently Re-investing Its Profits?
江西特种电机有限公司是否有效地将利润再投资？
Jiangxi Special Electric MotorLtd doesn't pay any dividend to its shareholders, meaning that the company has been reinvesting all of its profits into the business. This is likely what's driving the high earnings growth number discussed above.
江西特种电机有限公司不向其股东支付任何股息，这意味着该公司已将其所有利润再投资于该业务。这可能是推动上述高收益增长数字的原因。
Summary
摘要
In total, it does look like Jiangxi Special Electric MotorLtd has some positive aspects to its business. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. Our risks dashboard would have the 2 risks we have identified for Jiangxi Special Electric MotorLtd.
总的来说，江西特种电机有限公司的业务看起来确实有一些积极的方面。尽管投资回报率很低，但由于再投资率很高，该公司的收益实现了可观的增长。虽然我们不会完全解散公司，但我们要做的是努力确定业务的风险，以便在公司周围做出更明智的决定。我们的风险仪表板将包含我们为江西特种电机有限公司确定的两种风险。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
对这篇文章有反馈吗？对内容感到担忧？直接联系我们。 或者，给编辑团队 (at) simplywallst.com 发送电子邮件。
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。
