Do Its Financials Have Any Role To Play In Driving Hicon Network Technology (Shandong) Co.,Ltd.'s (SZSE:301262) Stock Up Recently?
Do Its Financials Have Any Role To Play In Driving Hicon Network Technology (Shandong) Co.,Ltd.'s (SZSE:301262) Stock Up Recently?
Most readers would already be aware that Hicon Network Technology (Shandong)Ltd's (SZSE:301262) stock increased significantly by 21% 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. Particularly, we will be paying attention to Hicon Network Technology (Shandong)Ltd's ROE today.
大多數讀者已經意識到,惠康網絡科技(山東)有限公司(深交所代碼:301262)的股票在過去三個月中大幅上漲了21%。我們想知道公司的財務狀況在價格變化中是否起着什麼作用,因爲公司的長期基本面通常決定市場結果。特別是,我們今天將關注Hicon網絡科技(山東)有限公司的投資回報率。
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.
投資回報率或股本回報率是評估公司如何有效地從股東那裏獲得投資回報的有用工具。換句話說,它揭示了公司成功地將股東投資轉化爲利潤。
Check out our latest analysis for Hicon Network Technology (Shandong)Ltd
查看我們對Hicon網絡科技(山東)有限公司的最新分析
How Do You Calculate Return On Equity?
你如何計算股本回報率?
ROE can be calculated by using the formula:
ROE 可以通過以下公式計算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率 = 淨利潤(來自持續經營業務)÷ 股東權益
So, based on the above formula, the ROE for Hicon Network Technology (Shandong)Ltd is:
因此,根據上述公式,Hicon網絡技術(山東)有限公司的投資回報率爲:
11% = CN¥394m ÷ CN¥3.7b (Based on the trailing twelve months to September 2023).
11% = 3.94億元人民幣 ¥37億元人民幣(基於截至2023年9月的過去十二個月)。
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¥0.11.
“申報表” 是過去十二個月的稅後收入金額。因此,這意味着其股東每投資1元人民幣,公司就會產生0.11元人民幣的利潤。
What Has ROE Got To Do With Earnings Growth?
投資回報率與收益增長有什麼關係?
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. 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.
到目前爲止,我們已經了解到,投資回報率衡量的是公司創造利潤的效率。現在,我們需要評估公司再投資或 “保留” 了多少利潤以用於未來的增長,從而使我們對公司的增長潛力有所了解。一般而言,在其他條件相同的情況下,股本回報率和利潤留存率高的公司的增長率要高於不具有這些屬性的公司。
Hicon Network Technology (Shandong)Ltd's Earnings Growth And 11% ROE
Hicon 網絡科技(山東)有限公司的收益增長和11%的投資回報率
On the face of it, Hicon Network Technology (Shandong)Ltd's ROE is not much to talk about. However, the fact that the company's ROE is higher than the average industry ROE of 7.0%, is definitely interesting. This certainly adds some context to Hicon Network Technology (Shandong)Ltd's moderate 6.9% net income growth seen over the past five years. Bear in mind, the company does have a moderately low ROE. It is just that the industry ROE is lower. So there might well be other reasons for the earnings to grow. For example, it is possible that the broader industry is going through a high growth phase, or that the company has a low payout ratio.
從表面上看,Hicon網絡科技(山東)有限公司的投資回報率沒什麼好說的。但是,該公司的投資回報率高於7.0%的行業平均投資回報率,這一事實絕對很有趣。這無疑爲Hicon Network Technology(山東)有限公司在過去五年中實現6.9%的溫和淨收入增長增添了一些背景信息。請記住,該公司的投資回報率確實略低。只是該行業的投資回報率較低。因此,收益增長很可能還有其他原因。例如,整個行業可能正在經歷高增長階段,或者公司的支付率很低。
As a next step, we compared Hicon Network Technology (Shandong)Ltd's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 6.9% in the same period.
下一步,我們將Hicon Network Technology(山東)有限公司的淨收入增長與行業進行了比較,發現與同期6.9%的行業平均增長率相比,該公司的增長數字相似。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231215/0-dd0060843aa98d4a94ad9c8b0f3f034d-0-2fcb671b7281d918d577c5483e8199d2.png/big)
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Hicon Network Technology (Shandong)Ltd is trading on a high P/E or a low P/E, relative to its industry.
賦予公司價值的基礎在很大程度上與其收益增長息息相關。對於投資者來說,重要的是要知道市場是否影響了公司的預期收益增長(或下降)。通過這樣做,他們將知道這隻股票是進入清澈的藍色海水還是沼澤水域在等着你。衡量預期收益增長的一個很好的指標是市盈率,它根據收益前景決定了市場願意爲股票支付的價格。因此,您可能需要檢查Hicon Network Technology(山東)有限公司相對於其行業而言是高市盈率還是低市盈率。
Is Hicon Network Technology (Shandong)Ltd Making Efficient Use Of Its Profits?
Hicon 網絡科技(山東)有限公司是否在有效利用其利潤?
The high three-year median payout ratio of 79% (or a retention ratio of 21%) for Hicon Network Technology (Shandong)Ltd suggests that the company's growth wasn't really hampered despite it returning most of its income to its shareholders.
Hicon Network Technology(山東)有限公司的三年期中位派息率高達79%(或留存率爲21%),這表明儘管該公司將大部分收入返還給了股東,但其增長並沒有受到真正的阻礙。
Summary
摘要
In total, it does look like Hicon Network Technology (Shandong)Ltd has some positive aspects to its business. Especially the substantial growth in earnings backed by a decent ROE. Despite the company reinvesting only a small portion of its profits, it still has managed to grow its earnings so that is appreciable. So far, we've only made a quick discussion around the company's earnings growth. To gain further insights into Hicon Network Technology (Shandong)Ltd's past profit growth, check out this visualization of past earnings, revenue and cash flows.
總的來說,Hicon網絡科技(山東)有限公司的業務確實有一些積極的方面。尤其是在不錯的投資回報率的支持下,收益的大幅增長。儘管該公司僅將利潤的一小部分再投資,但它仍然設法增加了收益,因此這是可觀的。到目前爲止,我們只對公司的收益增長進行了簡短的討論。要進一步了解Hicon網絡科技(山東)有限公司過去的利潤增長,請查看過去的收益、收入和現金流的可視化。
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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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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。