Chengdu Haoneng Technology Co., Ltd.'s (SHSE:603809) Stock Is Going Strong: Have Financials A Role To Play?
Chengdu Haoneng Technology Co., Ltd.'s (SHSE:603809) Stock Is Going Strong: Have Financials A Role To Play?
Chengdu Haoneng Technology (SHSE:603809) has had a great run on the share market with its stock up by a significant 9.2% over the last week. 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 Chengdu Haoneng Technology's ROE in this article.
成都浩能科技(上海證券交易所股票代碼:603809)在過去一週的股價中大幅上漲了9.2%。我們想知道,由於一家公司的長期基本面通常決定著市場結果,該公司的財務狀況是否以及在價格變化中扮演了什麼角色。具體地說,我們決定在本文中研究成都浩能科技的淨資產收益率。
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. Put another way, it reveals the company's success at turning shareholder investments into profits.
淨資產收益率,即股本回報率,是評估一家公司從股東那裡獲得投資回報的有效程度的有用工具。換句話說,它揭示了該公司成功地將股東投資轉化為利潤。
See our latest analysis for Chengdu Haoneng Technology
查看我們對成都浩能科技的最新分析
How Do You Calculate Return On Equity?
你如何計算股本回報率?
The formula for return on equity is:
這個股本回報率公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率=(持續經營的)淨利潤?股東權益
So, based on the above formula, the ROE for Chengdu Haoneng Technology is:
因此,根據上述公式,成都浩能科技的ROE為:
8.6% = CN¥184m ÷ CN¥2.1b (Based on the trailing twelve months to June 2023).
8.6%=1.84億元×21億元(以截至2023年6月的12個月為基礎)。
The 'return' is the income the business earned over the last year. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.09 in profit.
“回報”指的是企業在過去一年中獲得的收入。一種概念化的方法是,公司每擁有1元人民幣的股東資本,就會獲得0.09元人民幣的利潤。
Why Is ROE Important For Earnings Growth?
為什麼淨資產收益率對收益增長很重要?
So far, we've learned that ROE is a measure of a company's profitability. 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.
到目前為止,我們瞭解到淨資產收益率是衡量一家公司盈利能力的指標。我們現在需要評估公司將多少利潤再投資或“保留”用於未來的增長,這就讓我們對公司的增長潛力有了一個瞭解。一般來說,在其他條件相同的情況下,股本回報率和利潤留存較高的公司比不具備這些特徵的公司有更高的增長率。
Chengdu Haoneng Technology's Earnings Growth And 8.6% ROE
成都浩能科技盈利增長8.6%淨資產收益率
When you first look at it, Chengdu Haoneng Technology's ROE doesn't look that attractive. However, its ROE is similar to the industry average of 7.6%, so we won't completely dismiss the company. On the other hand, Chengdu Haoneng Technology reported a moderate 7.8% net income growth over the past five years. 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. Such as - high earnings retention or an efficient management in place.
乍一看,成都浩能科技的ROE看起來並沒有那麼誘人。不過,其淨資產收益率接近7.6%的行業平均水準,因此我們不會完全對該公司不屑一顧。另一方面,成都浩能科技報告稱,過去五年淨收入溫和增長7.8%。考慮到較低的淨資產收益率,很有可能還有一些其他方面正在積極影響公司的收益增長。例如-高收益留存或有效的管理到位。
As a next step, we compared Chengdu Haoneng Technology's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 3.6%.
作為下一步,我們將成都浩能科技的淨收入增長與行業進行了比較,令人欣喜的是,我們發現該公司看到的增長高於3.6%的行業平均增長。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231012/0-fc4a066b6f590a16297515fdf4360e96-0-53300bbf2c1d9640217d2bb62d3cff26.png/big)
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. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Chengdu Haoneng Technology fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增長是股票估值的一個重要因素。投資者應該嘗試確定預期的收益增長或下降是否已計入價格,無論是哪種情況。通過這樣做,他們將知道股票是將進入清澈的藍色水域,還是等待沼澤水域。與其他公司相比,成都浩能科技的估值是否公平?這3個估值指標可能會幫助你做出決定。
Is Chengdu Haoneng Technology Using Its Retained Earnings Effectively?
成都浩能科技是否有效利用其留存收益?
Chengdu Haoneng Technology has a healthy combination of a moderate three-year median payout ratio of 31% (or a retention ratio of 69%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits.
如上所述,成都浩能科技擁有31%的適度三年中值派息率(或69%的留存率)和可觀的收益增長的健康組合,這意味著該公司一直在有效利用其利潤。
Besides, Chengdu Haoneng Technology has been paying dividends over a period of five years. This shows that the company is committed to sharing profits with its shareholders.
此外,成都浩能科技在五年的時間裡一直在分紅。這表明該公司致力於與股東分享利潤。
Summary
摘要
Overall, we feel that Chengdu Haoneng Technology certainly does have some positive factors to consider. 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. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. 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.
總體而言,我們覺得成都浩能科技確實有一些積極的因素需要考慮。儘管回報率很低,但由於對業務進行了大量再投資,該公司實現了令人印象深刻的收益增長。儘管如此,最新的行業分析師預測顯示,該公司的收益預計將加速增長。要了解更多有關該公司未來收益增長預測的資訊,請查看以下內容免費報告分析師對該公司的預測,以瞭解更多資訊.
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本文由Simply Wall St.撰寫,具有概括性.我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議.它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況.我們的目標是為您帶來由基本面數據驅動的長期重點分析.請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內.Simply Wall St.對上述任何一隻股票都沒有持倉.