Shanghai New Centurion Network Information Technology Co., Ltd. (SHSE:605398) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?
Shanghai New Centurion Network Information Technology Co., Ltd. (SHSE:605398) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity Shanghai New Centurion Network Information Technology's (SHSE:605398) stock is up by a considerable 33% over the past three months. However, we wonder if the company's inconsistent financials would have any adverse impact on the current share price momentum. Specifically, we decided to study Shanghai New Centurion Network Information Technology's ROE in this article.
上海胜捷企业网络信息科技（SHSE:605398）的股票在过去三个月中大幅上涨了33%。然而，我们担心公司不稳定的财务数据会对当前股价势头产生不利影响。具体地，我们决定在这篇文章中研究上海胜捷企业网络信息科技的roe。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回报率或ROE是一项用于评估公司管理层如何利用公司资本的效率的关键指标。简而言之，它用于评估公司相对于其股本资本的盈利能力。
How Is ROE Calculated?
净资产收益率怎么计算？
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（来自持续经营） ÷ 股东权益
So, based on the above formula, the ROE for Shanghai New Centurion Network Information Technology is:
因此，根据上述公式，上海胜捷企业网络信息科技的roe为:
4.9% = CN¥51m ÷ CN¥1.0b (Based on the trailing twelve months to September 2024).
4.9% = 人民币5,100万 ÷ 人民币10亿 (以2024年9月的最近十二个月为基础)。
The 'return' refers to a company's earnings over the last year. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.05 in profit.
“回报”是指公司过去一年的收益。换句话说，每1元的净资产，公司能够获利0.05元。
What Has ROE Got To Do With Earnings Growth?
roe与盈利增长有何关系？
So far, we've learned that ROE is a measure of a company's profitability. 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.
So far, we've learned that ROE is a measure of a company's profitability. 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.
A Side By Side comparison of Shanghai New Centurion Network Information Technology's Earnings Growth And 4.9% ROE
上海胜捷企业新网络信息技术的盈利增长与4.9%的roe的并列比较
At first glance, Shanghai New Centurion Network Information Technology's ROE doesn't look very promising. However, given that the company's ROE is similar to the average industry ROE of 4.6%, we may spare it some thought. But Shanghai New Centurion Network Information Technology saw a five year net income decline of 19% over the past five years. Bear in mind, the company does have a slightly low ROE. So that's what might be causing earnings growth to shrink.
乍一看，上海胜捷企业新网络信息技术的roe看起来并不乐观。然而，考虑到公司的roe与行业平均roe相似，为4.6%，我们可能会稍加考虑。但是，上海胜捷企业新网络信息技术过去五年的净利润下降了19%。请注意，公司的roe略低。这可能导致盈利增长收缩。
So, as a next step, we compared Shanghai New Centurion Network Information Technology's performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 2.5% over the last few years.
因此，作为下一步，我们将上海胜捷企业新网络信息技术的业绩与行业进行了比较，遗憾地发现，虽然公司一直在削减盈利，但行业在过去几年的盈利增长率为2.5%。
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. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Shanghai New Centurion Network Information Technology fairly valued compared to other companies? These 3 valuation measures might help you decide.
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盈利增长或下滑，无论是哪种情况，是否已经被定价。通过这样做，他们将了解股票是走向清澈蓝色水域，还是等待泥泞之水。与其他公司相比，上海新胜捷网络信息科技是否被恰当估值？这些3种估值指标可能会帮助您做出决定。
Is Shanghai New Centurion Network Information Technology Making Efficient Use Of Its Profits?
上海新胜捷网络信息科技是否有效利用其利润？
Shanghai New Centurion Network Information Technology's low three-year median payout ratio of 23% (or a retention ratio of 77%) over the last three years should mean that the company is retaining most of its earnings to fuel its growth but the company's earnings have actually shrunk. The low payout should mean that the company is retaining most of its earnings and consequently, should see some growth. It looks like there might be some other reasons to explain the lack in that respect. For example, the business could be in decline.
上海新胜捷网络信息科技在过去三年中的低中位数分红比率为23％（或者保留比率为77％），这意味着公司正在保留大部分利润以促进其增长，但该公司的盈利实际上有所下降。低分红比率应该意味着公司正在保留大部分利润，因此应该会看到一些增长。看起来可能有其他原因可以解释这一方面的不足。例如，业务可能处于下滑状态。
In addition, Shanghai New Centurion Network Information Technology has been paying dividends over a period of three years suggesting that keeping up dividend payments is preferred by the management even though earnings have been in decline.
此外，上海新胜捷网络信息科技在过去三年内一直支付股息，这表明管理层更喜欢继续支付股息，尽管盈利一直下降。
Summary
总结
On the whole, we feel that the performance shown by Shanghai New Centurion Network Information Technology can be open to many interpretations. While the company does have a high rate of profit retention, its low rate of return is probably hampering its earnings growth. Wrapping up, we would proceed with caution with this company and one way of doing that would be to look at the risk profile of the business. You can see the 1 risk we have identified for Shanghai New Centurion Network Information Technology by visiting our risks dashboard for free on our platform here.
整体而言，我们觉得上海新胜捷网络信息科技展现出的表现可以有许多解读。虽然该公司有着较高的利润保留率，但其较低的roe可能正在阻碍其盈利增长。总结而言，我们会对这家公司采取谨慎态度，其中一种方法是查看该业务的风险概况。您可以在我们的平台上免费查看我们为上海新胜捷网络信息科技确定的第一风险，请访问我们的风险特斯拉-仪表。
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