Do Its Financials Have Any Role To Play In Driving Zhejiang Sunriver Culture Tourism Co.,Ltd.'s (SHSE:600576) Stock Up Recently?
Do Its Financials Have Any Role To Play In Driving Zhejiang Sunriver Culture Tourism Co.,Ltd.'s (SHSE:600576) Stock Up Recently?
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity Most readers would already be aware that Zhejiang Sunriver Culture TourismLtd's (SHSE:600576) stock increased significantly by 65% over the past 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. Specifically, we decided to study Zhejiang Sunriver Culture TourismLtd's ROE in this article.
大多数读者可能已经意识到，浙江太阳河文化旅游有限公司 (SHSE:600576) 的股票在过去三个月中大幅上涨了65%。我们想知道公司的财务状况在这一价格变化中起了什么作用，因为公司的长期基本面通常决定市场结果。具体来说，我们决定在本文中研究浙江太阳河文化旅游有限公司的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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.
ROE，即净资产收益率，是评估公司如何有效地利用股东所投入的资金以产生回报的有用工具。简单来说，它衡量了公司相对于股东权益的盈利能力。
How Is ROE Calculated?
净资产收益率怎么计算？
Return on equity can be calculated by using the formula:
净资产收益率可以通过以下公式计算：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股东权益回报率 = 净利润（来自持续运营）÷ 股东权益
So, based on the above formula, the ROE for Zhejiang Sunriver Culture TourismLtd is:
因此，根据上述公式，浙江太阳河文化旅游有限公司的ROE为：
4.8% = CN¥142m ÷ CN¥3.0b (Based on the trailing twelve months to September 2024).
4.8% = CN¥14200万 ÷ CN¥30亿（基于截至2024年9月的十二个月数据）。
The 'return' is the profit over the last twelve months. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.05 in profit.
‘回报’是过去十二个月的利润。一种概念化的方法是，对于每CN¥1的股东资本，公司赚取了CN¥0.05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. 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作为公司未来收益的有效利润产生指标。根据公司再投资或“保留”这些利润的程度，以及其效率，我们能够评估公司的收益增长潜力。一般来说，在其他条件相同的情况下，具备高股东权益回报率和利润留存的公司，其增长率通常高于不具备这些特征的公司。
Zhejiang Sunriver Culture TourismLtd's Earnings Growth And 4.8% ROE
浙江阳光河文化旅游有限公司的收益增长及4.8% ROE
As you can see, Zhejiang Sunriver Culture TourismLtd's ROE looks pretty weak. Further, we noted that the company's ROE is similar to the industry average of 4.4%. However, the exceptional 77% net income growth seen by Zhejiang Sunriver Culture TourismLtd over the past five years is pretty remarkable. Given the low ROE, it is likely that there could be some other reasons behind this growth as well. For instance, the company has a low payout ratio or is being managed efficiently.
如您所见，浙江阳光河文化旅游有限公司的ROE看起来相当弱。此外，我们注意到该公司的ROE与行业平均水平4.4%相似。然而，在过去五年中，浙江阳光河文化旅游有限公司净利润增长率达到77%，这一点相当显著。考虑到低ROE，可能还有其他原因导致这种增长。例如，公司具有低的分红派息比例或管理高效。
Next, on comparing with the industry net income growth, we found that Zhejiang Sunriver Culture TourismLtd's growth is quite high when compared to the industry average growth of 4.8% in the same period, which is great to see.
接下来，与行业净利润增长比较，我们发现浙江阳光河文化旅游有限公司的增长率在同一时期高于行业平均增长率4.8%，这一点非常好。
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. Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about Zhejiang Sunriver Culture TourismLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增长是评估股票时需要考虑的重要指标。投资者接下来需要判断的是，预期的盈利增长或其缺乏是否已经反映在股票价格中。这将帮助他们确定该股票的未来前景是乐观还是悲观。如果您想了解浙江太阳河文化旅游有限公司的估值，可以查看其市盈率与行业的对比。
Is Zhejiang Sunriver Culture TourismLtd Efficiently Re-investing Its Profits?
浙江太阳河文化旅游有限公司是否有效地再投资其利润？
Given that Zhejiang Sunriver Culture TourismLtd 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.
鉴于浙江太阳河文化旅游有限公司不向股东支付任何定期分红派息，我们推测该公司一直在将所有的净利润再投资于其业务的增长。
Summary
总结
Overall, we feel that Zhejiang Sunriver Culture TourismLtd certainly does have some positive factors to consider. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings.
总体而言，我们认为浙江太阳河文化旅游有限公司确实有一些积极的因素值得考虑。尽管ROE较低，但其高再投资率使得公司在盈利上实现了可观的增长。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
对本文有反馈？对内容有疑虑？请直接与我们联系。或者，发送电子邮件至 editorial-team (at) simplywallst.com。
这篇来自Simply Wall St的文章是一般性的。我们根据历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章并不旨在提供财务建议。它不构成对任何股票的买入或卖出建议，也未考虑到您的目标或财务状况。我们旨在为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St在提到的任何股票中均没有持仓。