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Is Hubei Zhenhua Chemical Co.,Ltd.'s (SHSE:603067) Recent Stock Performance Tethered To Its Strong Fundamentals?

Is Hubei Zhenhua Chemical Co.,Ltd.'s (SHSE:603067) Recent Stock Performance Tethered To Its Strong Fundamentals?

振华股份(SHSE:603067)最近的股票表现是否与其强劲基本面相联系?
Simply Wall St ·  10/02 03:38

Most readers would already be aware that Hubei Zhenhua ChemicalLtd's (SHSE:603067) stock increased significantly by 19% over the past week. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. In this article, we decided to focus on Hubei Zhenhua ChemicalLtd's ROE.

大多数读者可能已经意识到,湖北振华化工股份有限公司(SHSE:603067)的股价在过去一周内大幅上涨了19%。由于市场通常会为公司的长期基本面付费,我们决定研究该公司的关键绩效指标,以查看它们是否可能正在影响市场。在这篇文章中,我们决定关注湖北振华化工的roe。

Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

对于股东来说,股东回报率(ROE)是一个重要的考虑因素,因为它告诉股东他们的资本被有效地再投资了多少。换句话说,它是一个衡量公司股东提供的资本回报率的盈利能力比率。

How Do You Calculate Return On Equity?

怎样计算ROE?

The formula for ROE is:

roe的公式是:

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 Hubei Zhenhua ChemicalLtd is:

因此,根据上述公式,Hubei Zhenhua ChemicalLtd的ROE为:

14% = CN¥421m ÷ CN¥3.0b (Based on the trailing twelve months to June 2024).

14% = 4.21亿元 ÷ 30亿人民币(基于截至2024年6月的过去十二个月的数据)。

The 'return' is the amount earned after tax over the last twelve months. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.14.

“回报”是税后收益在过去十二个月内赚取的金额。因此,这意味着对于每个股东的1元人民币投资,该公司可以创造0.14元人民币的利润。

What Is The Relationship Between ROE And Earnings Growth?

ROE与盈利增长之间的关系是什么?

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. 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.

我们已经确定,ROE是一个公司未来盈利的高效测量工具。基于公司选择重新投资或“保留”多少利润,我们可以评估公司未来产生利润的能力。假设其他条件相同,具有更高股本回报率和更高利润保留比的公司通常增长速度较高,而没有相同特征的公司则通常增长速度较低。

A Side By Side comparison of Hubei Zhenhua ChemicalLtd's Earnings Growth And 14% ROE

湖北振华化工股份有限公司的盈利增长和14%的roe的横向比较

At first glance, Hubei Zhenhua ChemicalLtd seems to have a decent ROE. Especially when compared to the industry average of 6.4% the company's ROE looks pretty impressive. This certainly adds some context to Hubei Zhenhua ChemicalLtd's exceptional 25% net income growth seen over the past five years. We reckon that there could also be other factors at play here. For instance, the company has a low payout ratio or is being managed efficiently.

乍一看,湖北振华化工似乎具有相当不错的roe。特别是与行业平均水平6.4%相比,公司的roe看起来相当令人印象深刻。这无疑给湖北振华化工过去五年中异常的25%净利润增长增添了一些背景。我们认为这里可能还有其他因素在起作用。例如,公司的派息比率较低或者被高效管理。

We then compared Hubei Zhenhua ChemicalLtd'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 6.3% in the same 5-year period.

然后我们将湖北振华化工的净利润增长与行业进行了比较,很高兴看到公司的增长数据比同一5年时期内行业的6.3%增长率高。

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SHSE:603067 Past Earnings Growth October 2nd 2024
SHSE:603067历史数据2024年10月2日的过往盈利增长

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. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Hubei Zhenhua ChemicalLtd 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。投资者需要判断的下一步是,预期的收益增长是否已经反映在股价中,或者缺乏收益增长是否已经融入股价之中。通过这样做,他们将了解股票是朝着蔚蓝波涛前进,还是即将面临泥沼般的困境。湖北振华化工股份有限公司与其他公司相比是否定价合理?这三个估值指标可能会帮助您做出决定。

Is Hubei Zhenhua ChemicalLtd Making Efficient Use Of Its Profits?

湖北振华化学有限公司是否有效利用其利润?

Hubei Zhenhua ChemicalLtd has a really low three-year median payout ratio of 25%, meaning that it has the remaining 75% left over to reinvest into its business. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.

湖北振华化工股份有限公司的三年中位分红比率非常低,为25%,这意味着其剩余的75%可用于再投资到业务中。这表明管理层正在将大部分利润重新投资以促进业务增长,正如公司所展示的增长所证明的那样。

Additionally, Hubei Zhenhua ChemicalLtd has paid dividends over a period of seven years which means that the company is pretty serious about sharing its profits with shareholders.

此外,湖北振华化工已经连续七年派发股息,这意味着公司非常重视与股东分享利润。

Conclusion

结论

Overall, we are quite pleased with Hubei Zhenhua ChemicalLtd's performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.

总体而言,我们对湖北振华化工有限公司的业绩相当满意。特别是,我们喜欢公司以高回报率大量 reinvest into其业务。毫不奇怪,这导致了令人印象深刻的盈利增长。虽然如此,对最新分析师预测的研究显示,该公司预计未来盈利增长将放缓。要了解更多关于该公司未来盈利增长预测的信息,请查看此公司分析师预测的免费报告以获取更多信息。

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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。

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