Hangzhou Oxygen Plant Group Co.,Ltd. (SZSE:002430) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Hangzhou Oxygen Plant Group Co.,Ltd. (SZSE:002430) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity Hangzhou Oxygen Plant GroupLtd (SZSE:002430) has had a rough three months with its share price down 16%. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Specifically, we decided to study Hangzhou Oxygen Plant GroupLtd's ROE in this article.
杭州氧气厂集团有限公司（SZSE:002430）的股价在过去三个月下跌了16%。然而，股票价格通常由公司长期的财务表现所驱动，在这种情况下，看起来相当有前景。具体来说，我们决定在本文中研究杭州氧气厂集团有限公司的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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
roe，即净资产收益率，是一种评估公司如何有效地从股东手中获取投资回报的有用工具。换句话说，它是一种盈利能力比率，衡量公司股东提供的资本的回报率。
How To Calculate Return On Equity?
如何计算股东权益报酬率？
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 Hangzhou Oxygen Plant GroupLtd is:
因此，基于上述公式，杭州氧气厂集团有限公司的ROE为：
12% = CN¥1.2b ÷ CN¥10b (Based on the trailing twelve months to March 2024).
12％= CN¥12亿÷CN¥100亿（截至2024年3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¥0.12.
“收益”是年利润。这意味着，对于每一元股东投资，该公司可以产生0.12元的利润。
Why Is ROE Important For Earnings Growth?
ROE为什么对净利润增长很重要？
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，ROE是公司未来赚钱能力的有效衡量标准。现在我们需要评估公司为未来增长而再投资或“保留”的利润。这样，我们就能了解公司的增长潜力。一般而言，在其他条件相等的情况下，具有高净资产收益率和利润保留率的公司，比那些不具备这些特点的公司有更高的增长率。
Hangzhou Oxygen Plant GroupLtd's Earnings Growth And 12% ROE
杭州氧气厂集团有限公司的盈利增长和12%的roe
To begin with, Hangzhou Oxygen Plant GroupLtd seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 6.3%. Probably as a result of this, Hangzhou Oxygen Plant GroupLtd was able to see a decent growth of 11% over the last five years.
首先，杭州氧气厂集团有限公司的roe似乎相当可观。而且，该公司的roe相当令人满意地高于行业平均水平6.3%。可能正因如此，杭州氧气厂集团有限公司在过去五年中能够实现相当可观的11%增长。
Next, on comparing with the industry net income growth, we found that Hangzhou Oxygen Plant GroupLtd's growth is quite high when compared to the industry average growth of 7.9% in the same period, which is great to see.
接下来，与行业净利润增长进行比较，我们发现杭州氧气厂集团有限公司的增长相当高，而行业同期平均增长率为7.9%，这是非常令人欣慰的。
Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. What is 002430 worth today? The intrinsic value infographic in our free research report helps visualize whether 002430 is currently mispriced by the market.
盈利增长是估值股票时需要考虑的重要指标。投资者需要判断的是，预期的盈利增长，或者缺乏盈利增长，是否已经融入股价之中。通过这样做，他们就可以知道股票是否即将进入晴朗的蓝天，还是即将面临泥泞的水域。002430今天价值多少？我们免费的研究报告中的内在价值信息图表有助于可视化002430是否被市场当前定价错误。
Is Hangzhou Oxygen Plant GroupLtd Using Its Retained Earnings Effectively?
杭州氧气厂集团有限公司是否有效利用了留存收益？
Hangzhou Oxygen Plant GroupLtd has a healthy combination of a moderate three-year median payout ratio of 48% (or a retention ratio of 52%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits.
杭州氧气厂集团有限公司具有一个健康的组合，三年中位数支付比率为48％（或留存收益率为52％），并且盈利增长相当可观，这意味着公司一直在有效利用其利润。
Additionally, Hangzhou Oxygen Plant GroupLtd has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 41%. Still, forecasts suggest that Hangzhou Oxygen Plant GroupLtd's future ROE will rise to 17% even though the the company's payout ratio is not expected to change by much.
此外，杭州氧气厂集团有限公司在至少十年的时间内支付了股息，这意味着公司非常重视与股东分享利润。根据最新分析师的预测，我们发现公司未来三年的股息支付比率预计将稳定在41％。尽管预测表明，杭州氧气厂集团有限公司的未来roe将提高到17％，即使公司的股息支付比率不会有太大变化。
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 feel that Hangzhou Oxygen Plant GroupLtd's performance has been quite good. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. 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，我们认为杭州氧气厂集团有限公司的表现相当不错。特别是，公司正大量投资于业务，并且以较高的回报率取得了可观的收益增长。话虽如此，根据当前的分析师预测，我们发现公司的收益预计将获得动力。这些分析师的预期是基于行业的广泛预期，还是基于公司的基本面？点击这里看我们的分析师预测页面。
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