Central New Energy Holding Group Limited's (HKG:1735) Stock Is Going Strong: Have Financials A Role To Play?
Central New Energy Holding Group Limited's (HKG:1735) Stock Is Going Strong: Have Financials A Role To Play?
Central New Energy Holding Group (HKG:1735) has had a great run on the share market with its stock up by a significant 51% over the last three months. 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. In this article, we decided to focus on Central New Energy Holding Group's ROE.
中新能源控股集团(HKG:1735)在股票市场上表现不俗,其股票在过去三个月中上涨了51%。 我们想知道公司的财务状况在这种价格变化中起了什么作用,因为一家公司的长期基本面通常决定市场结果。在本文中,我们决定关注中新能源控股集团的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 Do You Calculate Return On Equity?
怎样计算ROE?
ROE can be calculated by using the formula:
净资产收益率可以使用以下公式进行计算:
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 Central New Energy Holding Group is:
所以,根据以上公式,中新能源控股集团的roe为:
5.4% = HK$71m ÷ HK$1.3b (Based on the trailing twelve months to December 2023).
5.4%= HK $ 7100万 ÷ HK $ 13亿(基于截至2023年12月的过去十二个月)。
The 'return' refers to a company's earnings over the last year. Another way to think of that is that for every HK$1 worth of equity, the company was able to earn HK$0.05 in profit.
“回报”是指公司过去一年的收益。换句话说,对于每1港元的净资产,该公司能够赚取0.05港元的利润。
Why Is ROE Important For Earnings Growth?
ROE为什么对净利润增长很重要?
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. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
到目前为止,我们已经了解到roe是衡量公司利润产生效率的指标。根据公司选择再投资或“保留”其利润的比例,我们随后可以评估公司未来利润的能力。其他条件都相同的情况下,roe和利润保留率都较高的公司通常比没有这些特征的公司有更高的增长速度。
Central New Energy Holding Group's Earnings Growth And 5.4% ROE
中新能源控股集团的盈利增长和5.4%的roe
When you first look at it, Central New Energy Holding Group's ROE doesn't look that attractive. However, its ROE is similar to the industry average of 6.6%, so we won't completely dismiss the company. Particularly, the exceptional 35% net income growth seen by Central New Energy Holding Group over the past five years is pretty remarkable. 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. 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.
当您首次看到时,中新能源控股集团的roe看起来并不那么有吸引力。 但是,它的roe与行业平均水平(6.6%)相似,因此我们不会完全否定该公司。 特别是,中新能源控股集团在过去五年中见到了卓越的35%净利润增长,这非常显着。 考虑到相对较低的roe,相当有可能存在其他一些积极影响公司盈利增长的因素。 例如,可能该公司的管理层已经做出了一些良好的战略决策,或该公司具有较低的派息比率。
We then compared Central New Energy Holding Group'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 1.4% in the same 5-year period.
然后,我们将中新能源控股集团的净收入增长率与行业进行了比较,我们很高兴地看到,在同一5年期内,该公司的增长数字要高于行业增长率1.4%。
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Earnings growth is a huge factor in stock valuation. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Central New Energy Holding Group is trading on a high P/E or a low P/E, relative to its industry.
盈利增长是股票估值的一个重要因素。投资者应该试图确定是否已经反映了预期的收益增长或下降,无论是哪种情况,这有助于他们判断股票的未来走势是光明还是暗淡。预期收益增长的一个良好指标是市盈率,该指标确定市场愿意为基于其收益前景的股票支付的价格。因此,您可能想检查中新能源控股集团的市盈率是否高于行业平均水平或低于行业平均水平。
Is Central New Energy Holding Group Making Efficient Use Of Its Profits?
中新能源控股集团是否有效利用其利润?
Given that Central New Energy Holding Group doesn't pay any regular dividends to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business.
考虑到中新能源控股集团不向股东支付任何定期股息,我们推断该公司一直在重新投资其所有利润来扩大业务。
Conclusion
结论
In total, it does look like Central New Energy Holding Group 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 2 risks we have identified for Central New Energy Holding Group.
总的来说,中新能源控股集团的业务具有一些积极的方面。即使回报率较低,该公司也由于大力重投资业务而实现了令人印象深刻的盈利增长。虽然我们不会完全否定该公司,但我们需要确定业务的风险程度,以便更明智地针对该公司做出决策。我们的风险仪表板会展示我们已经为中新能源控股集团确定的2个风险。
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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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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。