Shenzhen Hui Chuang Da Technology Co., Ltd.'s (SZSE:300909) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Shenzhen Hui Chuang Da Technology Co., Ltd.'s (SZSE:300909) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Most readers would already be aware that Shenzhen Hui Chuang Da Technology's (SZSE:300909) stock increased significantly by 49% over the past month. 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 Shenzhen Hui Chuang Da Technology's ROE.
大多数读者已经意识到,深圳汇创达科技(深圳证券交易所代码:300909)的股票在过去一个月中大幅上涨了49%。鉴于股票价格通常与公司的长期财务表现一致,我们决定更仔细地研究其财务指标,看看它们在近期的价格走势中是否有机会发挥作用。在这篇文章中,我们决定重点关注深圳汇创达科技的投资回报率。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
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。换句话说,它是衡量公司股东提供的资本回报率的盈利比率。
How Do You Calculate Return On Equity?
你如何计算股本回报率?
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 Shenzhen Hui Chuang Da Technology is:
因此,根据上述公式,深圳汇创达科技的投资回报率为:
4.2% = CN¥79m ÷ CN¥1.9b (Based on the trailing twelve months to September 2023).
4.2% = 7900万元人民币 ÷ 19亿元人民币(基于截至2023年9月的过去十二个月)。
The 'return' is the income the business earned over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.04.
“回报” 是企业在过去一年中获得的收入。因此,这意味着公司每投资1元人民币,公司就会产生0.04元人民币的利润。
What Has ROE Got To Do With Earnings Growth?
投资回报率与收益增长有什么关系?
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。
A Side By Side comparison of Shenzhen Hui Chuang Da Technology's Earnings Growth And 4.2% ROE
深圳市汇创达科技的收益增长和4.2%的投资回报率的并排比较
As you can see, Shenzhen Hui Chuang Da Technology's ROE looks pretty weak. Not just that, even compared to the industry average of 6.7%, the company's ROE is entirely unremarkable. Shenzhen Hui Chuang Da Technology was still able to see a decent net income growth of 14% over the past five years. We believe that there might be other aspects that are positively influencing the company's earnings growth. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.
如你所见,深圳市汇创达科技的投资回报率看起来相当疲软。不仅如此,即使与6.7%的行业平均水平相比,该公司的投资回报率也完全不引人注目。在过去五年中,深圳汇创达科技仍然能够实现14%的不错的净收入增长。我们认为,可能还有其他方面对公司的收益增长产生积极影响。例如,公司的管理层可能做出了一些良好的战略决策,或者公司的派息率很低。
Next, on comparing with the industry net income growth, we found that Shenzhen Hui Chuang Da Technology's growth is quite high when compared to the industry average growth of 11% in the same period, which is great to see.
接下来,与行业净收入增长相比,我们发现,与同期行业平均增长11%相比,深圳市汇创达科技的增长相当高,这真是太好了。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240307/0-835b9af12004d4b189439522dd26e9dd-0-3033dc65be453075730f7820d2310d66.png/big)
Earnings growth is a huge factor in stock valuation. 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 Shenzhen Hui Chuang Da Technology fairly valued compared to other companies? These 3 valuation measures might help you decide.
收益增长是股票估值的重要因素。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。通过这样做,他们将知道股票是走向清澈的蓝色海水,还是沼泽的水域在等着你。与其他公司相比,深圳汇创达科技的估值是否合理?这3种估值指标可能会帮助您做出决定。
Is Shenzhen Hui Chuang Da Technology Efficiently Re-investing Its Profits?
深圳惠创达科技是否有效地将利润再投资?
While the company did pay out a portion of its dividend in the past, it currently doesn't pay a dividend. We infer that the company has been reinvesting all of its profits to grow its business.
尽管该公司过去确实支付了部分股息,但目前不支付股息。我们推断,该公司一直在将其所有利润再投资于发展业务。
Summary
摘要
In total, it does look like Shenzhen Hui Chuang Da Technology has some positive aspects to its business. 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. 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 3 risks we have identified for Shenzhen Hui Chuang Da Technology.
总的来说,深圳汇创达科技的业务确实有一些积极的方面。尽管回报率很低,但由于对业务进行了大量再投资,该公司的收益增长令人印象深刻。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深圳汇创达科技确定的三种风险。
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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。