Xiangyang Changyuandonggu Industry Co., Ltd.'s (SHSE:603950) Stock Is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
Xiangyang Changyuandonggu Industry Co., Ltd.'s (SHSE:603950) Stock Is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
Xiangyang Changyuandonggu Industry's (SHSE:603950) stock is up by a considerable 9.8% over the past week. But the company's key financial indicators appear to be differing across the board and that makes us question whether or not the company's current share price momentum can be maintained. In this article, we decided to focus on Xiangyang Changyuandonggu Industry's ROE.
襄陽長源東谷實業(上海證券交易所股票代碼:603950)的股票在過去的一週裡上漲了9.8%。但該公司的關鍵財務指標似乎在所有方面都不同,這讓我們質疑該公司目前的股價勢頭能否保持下去。在本文中,我們決定關注襄陽長垣東谷實業的淨資產收益率。
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.
股本回報率(ROE)是用來評估公司管理層利用公司資本效率的關鍵指標。簡而言之,它是用來評估一家公司相對於其權益資本的盈利能力。
View our latest analysis for Xiangyang Changyuandonggu Industry
查看我們對襄陽長垣東谷產業的最新分析
How To Calculate Return On Equity?
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 Xiangyang Changyuandonggu Industry is:
因此,根據上述公式,襄陽長垣東谷產業的淨資產收益率為:
6.3% = CN¥153m ÷ CN¥2.4b (Based on the trailing twelve months to June 2023).
6.3%=1.53億元×24億元(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. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.06 in profit.
“回報”指的是企業在過去一年中獲得的收入。這意味著,股東權益每增加1元,公司就會產生0.06元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
淨資產收益率與盈利增長之間有什麼關係?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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. 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.
到目前為止,我們已經瞭解到淨資產收益率衡量的是一家公司創造利潤的效率。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。假設其他條件相同,與沒有相同特徵的公司相比,擁有更高股本回報率和更高利潤保留率的公司通常會有更高的增長率。
Xiangyang Changyuandonggu Industry's Earnings Growth And 6.3% ROE
襄陽長垣東谷產業盈利增長及淨資產收益率6.3%
At first glance, Xiangyang Changyuandonggu Industry's ROE doesn't look very promising. However, given that the company's ROE is similar to the average industry ROE of 7.4%, we may spare it some thought. Having said that, Xiangyang Changyuandonggu Industry's five year net income decline rate was 18%. Remember, the company's ROE is a bit low to begin with. Therefore, the decline in earnings could also be the result of this.
乍一看,襄陽長垣東谷實業的淨資產收益率看起來並不是很有希望。然而,鑑於該公司的淨資產收益率(ROE)與7.4%的行業平均ROE相似,我們或許可以省去一些思考。話雖如此,襄陽長垣東谷實業的五年淨收入降幅為18%。請記住,該公司的淨資產收益率從一開始就有點低。因此,盈利下降也可能是這一點的結果。
However, when we compared Xiangyang Changyuandonggu Industry's growth with the industry we found that while the company's earnings have been shrinking, the industry has seen an earnings growth of 3.8% in the same period. This is quite worrisome.
然而,當我們將襄陽長垣東谷實業的增長與行業進行比較時發現,在公司盈利不斷萎縮的同時,該行業同期的盈利增長了3.8%。這相當令人擔憂。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231030/0-05f20c60fd4d969a0cbf0385ce2b3035-0-4cdaddcd4c165e77bde8a3d86a0a4bc0.png/big)
Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Xiangyang Changyuandonggu Industry fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增長是評估一隻股票時需要考慮的一個重要指標。對於投資者來說,重要的是知道市場是否已經消化了公司預期的收益增長(或下降)。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,襄陽長垣東谷實業的估值是否公平?這3個估值指標可能會幫助你做出決定。
Is Xiangyang Changyuandonggu Industry Making Efficient Use Of Its Profits?
襄陽長垣東谷實業是否高效利用利潤?
While the company did payout a portion of its dividend in the past, it currently doesn't pay a dividend. This implies that potentially all of its profits are being reinvested in the business.
雖然該公司過去確實支付了一部分股息,但目前它不支付股息。這意味著,它的所有利潤可能都將再投資於該業務。
Conclusion
結論
In total, we're a bit ambivalent about Xiangyang Changyuandonggu Industry's performance. While the company does have a high rate of profit retention, its low rate of return is probably hampering its earnings growth. Until now, we have only just grazed the surface of the company's past performance by looking at the company's fundamentals. You can do your own research on Xiangyang Changyuandonggu Industry and see how it has performed in the past by looking at this FREE detailed graph of past earnings, revenue and cash flows.
總體而言,我們對襄陽長垣東谷實業的表現有點矛盾。雖然該公司的利潤留存率確實很高,但其低迴報率可能正在阻礙其收益增長。到目前為止,我們只是通過觀察公司的基本面來了解公司過去的業績。你可以自己研究襄陽長垣東谷實業,看看它過去的表現如何,看看這個免費的詳細圖表過去的收益、收入和現金流。
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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.