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Is Zhejiang Zhaolong Interconnect Technology Co.,Ltd.'s (SZSE:300913) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

Is Zhejiang Zhaolong Interconnect Technology Co.,Ltd.'s (SZSE:300913) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

是浙江兆龙互连科技有限公司吗, Ltd. 's (SZSE: 300913) 股票最近的表现是由其诱人的财务前景带动的?
Simply Wall St ·  03/11 00:24

Most readers would already be aware that Zhejiang Zhaolong Interconnect TechnologyLtd's (SZSE:300913) stock increased significantly by 43% over the past month. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Particularly, we will be paying attention to Zhejiang Zhaolong Interconnect TechnologyLtd's ROE today.

大多数读者已经意识到,浙江兆龙互连科技股份有限公司(深圳证券交易所代码:300913)的股票在过去一个月中大幅上涨了43%。鉴于从长远来看,市场会奖励强劲的财务状况,我们想知道在这种情况下是否如此。特别是,我们今天将关注浙江兆龙互连科技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 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 Zhejiang Zhaolong Interconnect TechnologyLtd is:

因此,根据上述公式,浙江兆龙互连科技有限公司的投资回报率为:

9.6% = CN¥100m ÷ CN¥1.0b (Based on the trailing twelve months to September 2023).

9.6% = 1亿元人民币 ÷ 1.0亿元人民币(基于截至2023年9月的过去十二个月)。

The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.10 in profit.

“回报” 是过去十二个月的税后收入。另一种思考方式是,公司每持有价值1元人民币的股权,就能获得0.10元的利润。

What Has ROE Got To Do With Earnings Growth?

投资回报率与收益增长有什么关系?

We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.

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。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。

Zhejiang Zhaolong Interconnect TechnologyLtd's Earnings Growth And 9.6% ROE

浙江兆龙互连科技有限公司的收益增长和9.6%的投资回报率

When you first look at it, Zhejiang Zhaolong Interconnect TechnologyLtd's ROE doesn't look that attractive. Although a closer study shows that the company's ROE is higher than the industry average of 7.1% which we definitely can't overlook. This probably goes some way in explaining Zhejiang Zhaolong Interconnect TechnologyLtd's moderate 13% growth over the past five years amongst other factors. 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,浙江兆龙互连科技有限公司的投资回报率看起来并不那么吸引人。尽管一项更仔细的研究表明,该公司的投资回报率高于行业平均水平的7.1%,但我们绝对不能忽视。除其他因素外,这可能在某种程度上解释了浙江兆龙互连科技有限公司在过去五年中13%的温和增长。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。

Next, on comparing Zhejiang Zhaolong Interconnect TechnologyLtd's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 14% over the last few years.

接下来,在比较浙江兆龙互连科技有限公司的净收入增长与该行业的净收入增长时,我们发现该公司报告的增长与过去几年14%的行业平均增长率相似。

past-earnings-growth
SZSE:300913 Past Earnings Growth March 11th 2024
SZSE: 300913 过去的收益增长 2024 年 3 月 11 日

Earnings growth is a huge factor in stock valuation. 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. If you're wondering about Zhejiang Zhaolong Interconnect TechnologyLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.

收益增长是股票估值的重要因素。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。如果你想知道浙江兆龙互连科技有限公司的估值,可以看看这个衡量其与行业相比的市盈率指标。

Is Zhejiang Zhaolong Interconnect TechnologyLtd Making Efficient Use Of Its Profits?

浙江兆龙互连科技有限公司是否在有效利用其利润?

Zhejiang Zhaolong Interconnect TechnologyLtd has a low three-year median payout ratio of 16%, meaning that the company retains the remaining 84% of its profits. This suggests that the management is reinvesting most of the profits to grow the business.

浙江兆龙互连科技有限公司的三年派息率中位数较低,为16%,这意味着该公司保留了剩余的84%的利润。这表明管理层正在将大部分利润再投资以发展业务。

Besides, Zhejiang Zhaolong Interconnect TechnologyLtd has been paying dividends over a period of three years. This shows that the company is committed to sharing profits with its shareholders.

此外,浙江兆龙互连科技有限公司已在三年内派发了股息。这表明该公司致力于与股东分享利润。

Conclusion

结论

In total, we are pretty happy with Zhejiang Zhaolong Interconnect TechnologyLtd's performance. Particularly, we like that the company is reinvesting heavily into its business at a moderate rate of return. Unsurprisingly, this has led to an impressive earnings growth. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.

总的来说,我们对浙江兆龙互连科技有限公司的表现非常满意。特别是,我们喜欢该公司以适度的回报率对其业务进行大量再投资。毫不奇怪,这带来了令人印象深刻的收益增长。话虽如此,最新的行业分析师预测显示,该公司的收益有望加速。这些分析师的预期是基于对该行业的广泛预期,还是基于公司的基本面?点击此处进入我们分析师对公司的预测页面。

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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.

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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。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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