Has Shenzhen Soling Industrial Co.,Ltd's (SZSE:002766) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Has Shenzhen Soling Industrial Co.,Ltd's (SZSE:002766) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Shenzhen Soling IndustrialLtd's (SZSE:002766) stock is up by a considerable 16% over the past week. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Particularly, we will be paying attention to Shenzhen Soling IndustrialLtd's ROE today.
深圳市索菱实业股份有限公司（SZSE：002766）的股票上涨了16%，已连续一周。我们想知道公司的财务状况是否对股价变动起到作用，因为公司的长期基本面通常决定市场结果，我们将特别关注深圳市索菱实业股份有限公司今天的roe。
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
roe或权益回报率是评估公司有效利用股东投资产生回报效率的有用工具。简而言之，roe显示每个股东投资所产生的利润。
How Is ROE Calculated?
净资产收益率怎么计算？
The formula for return on equity is:
权益回报率的计算公式是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
净资产收益率 = 净利润（从持续经营中获得）÷ 股东权益
So, based on the above formula, the ROE for Shenzhen Soling IndustrialLtd is:
因此，根据上述公式，深圳市索菱实业股份有限公司的roe为：
5.7% = CN¥41m ÷ CN¥716m (Based on the trailing twelve months to March 2024).
5.7％= CN¥4100万÷CN¥71600万（截至2024年3月的过去十二个月）。
The 'return' is the income the business earned over the last year. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.06 in profit.
“回报”是企业过去一年的收入。这意味着每1元股东权益，该公司产生了0.06元的利润。
What Has ROE Got To Do With Earnings Growth?
ROE与盈利增长有什么关系？
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. 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roe对于公司未来收益的有效衡量工具。根据公司再投资或“留存”这些利润的程度及其有效性，我们随后可以评估公司的收益增长潜力。一般而言，其他条件相同的情况下，roe和利润留存率较高的公司比不具备这些属性的公司具有更高的增长率。
A Side By Side comparison of Shenzhen Soling IndustrialLtd's Earnings Growth And 5.7% ROE
深圳市索菱实业股份有限公司的盈利增长与5.7％的roe并列比较
On the face of it, Shenzhen Soling IndustrialLtd's ROE is not much to talk about. A quick further study shows that the company's ROE doesn't compare favorably to the industry average of 8.1% either. Despite this, surprisingly, Shenzhen Soling IndustrialLtd saw an exceptional 34% net income growth over the past five years. We reckon that there could be other factors at play here. 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.
表面上看，深圳市索菱实业股份有限公司的roe并不值得一提。进一步研究显示，与8.1％的行业平均水平相比，公司的roe也无法令人满意。尽管如此，令人惊讶的是，深圳市索菱实业股份有限公司在过去五年中实现了34％的净利润增长。我们认为这里可能有其他因素在起作用。例如，公司的管理层可能做出了一些明智的战略决策，或者公司的派息比率较低。
We then compared Shenzhen Soling IndustrialLtd'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 8.4% in the same 5-year period.
然后，我们将深圳市索菱实业股份有限公司的净利润增长与行业进行了比较，我们很高兴地看到，公司的增长数字比行业高，在同一5年期内行业增长率为8.4％。
Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about Shenzhen Soling IndustrialLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增长是估值股票时要考虑的重要指标。投资者应该尝试确定预期的收益增长或下降（无论哪种情况），是否定价。这样做将有助于他们确定股票的未来前景是有前途还是不祥。如果您想了解深圳市索菱实业股份有限公司的估值，请查看其市盈率的评估，与其行业相比。
Is Shenzhen Soling IndustrialLtd Using Its Retained Earnings Effectively?
深圳市索菱实业股份有限公司是否有效地利用其留存盈利？
Shenzhen Soling IndustrialLtd doesn't pay any regular dividends 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.
深圳市索菱实业股份有限公司目前没有支付任何普通股息，这意味着它一直在将所有利润用于业务再投资。这无疑有助于上述高盈利增长数字。
Summary
总的来说，我们对伟明环保的表现非常满意。具体而言，我们喜欢公司以高回报率再投资了其利润的很大一部分。当然，这导致公司的收益大幅增长。但是，最新的行业分析师预测表明，该公司的收益预计将加速增长。
On the whole, we do feel that Shenzhen Soling IndustrialLtd has some positive attributes. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings.
总的来说，我们确实认为深圳市索菱实业股份有限公司具有一些积极的属性。尽管roe较低，但通过高比率的再投资，该公司成功实现了可观的盈利增长。
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