HONG RI DA Technology Company Limited (SZSE:301285) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?
HONG RI DA Technology Company Limited (SZSE:301285) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?
Most readers would already be aware that HONG RI DA Technology's (SZSE:301285) stock increased significantly by 12% over the past week. However, we wonder if the company's inconsistent financials would have any adverse impact on the current share price momentum. In this article, we decided to focus on HONG RI DA Technology's ROE.
大多數讀者已經意識到，宏日達科技（深圳證券交易所代碼：301285）的股票在過去一週大幅上漲了12％。但是，我們想知道該公司財務狀況不穩定是否會對當前的股價勢頭產生任何不利影響。在本文中，我們決定重點關注宏日達科技的投資回報率。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Put another way, it reveals the company's success at turning shareholder investments into profits.
股本回報率或投資回報率是股東需要考慮的重要因素，因爲它可以告訴他們資本再投資的有效性。換句話說，它揭示了公司成功地將股東投資轉化爲利潤。
See our latest analysis for HONG RI DA Technology
查看我們對 HONG RI DA Technology 的最新分析
How Is ROE Calculated?
ROE 是如何計算的？
The formula for ROE is:
ROE 的公式是：
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 HONG RI DA Technology is:
因此，根據上述公式，宏日達科技的投資回報率爲：
3.3% = CN¥35m ÷ CN¥1.1b (Based on the trailing twelve months to September 2023).
3.3% = 3500萬元人民幣 ÷ 11億元人民幣（基於截至2023年9月的過去十二個月）。
The 'return' is the profit over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.03 in profit.
“回報” 是過去十二個月的利潤。這意味着，公司每獲得價值1元人民幣的股東權益，就會產生0.03CN的利潤。
What Is The Relationship Between ROE And Earnings Growth?
投資回報率與收益增長之間有什麼關係？
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.
我們已經確定，投資回報率是衡量公司未來收益的有效盈利指標。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。
HONG RI DA Technology's Earnings Growth And 3.3% ROE
宏日達科技的收益增長和3.3％的投資回報率
As you can see, HONG RI DA Technology's ROE looks pretty weak. Even when compared to the industry average of 6.6%, the ROE figure is pretty disappointing. Hence, the flat earnings seen by HONG RI DA Technology over the past five years could probably be the result of it having a lower ROE.
如你所見，宏日達科技的投資回報率看起來相當疲軟。即使與6.6％的行業平均水平相比，投資回報率的數字也相當令人失望。因此，HONG RI DA Technology在過去五年中實現的收益持平可能是其投資回報率較低的結果。
Next, on comparing with the industry net income growth, we found that HONG RI DA Technology's reported growth was lower than the industry growth of 11% over the last few years, which is not something we like to see.
接下來，與行業淨收入增長相比，我們發現宏日達科技報告的增長低於過去幾年11％的行業增長，這不是我們希望看到的。
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about HONG RI DA Technology's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
爲公司附加價值的基礎在很大程度上與其收益增長息息相關。投資者接下來需要確定的是，預期的收益增長或缺乏收益是否已經包含在股價中。然後，這可以幫助他們確定股票是爲光明還是暗淡的未來而佈局。如果你想知道HONG RI DA Technology的估值，可以看看這個衡量其市盈率與行業相比的指標。
Is HONG RI DA Technology Using Its Retained Earnings Effectively?
HONG RI DA Technology 能否有效使用其留存收益？
HONG RI DA Technology's low three-year median payout ratio of 16%, (meaning the company retains84% of profits) should mean that the company is retaining most of its earnings and consequently, should see higher growth than it has reported.
HONG RI DA Technology的三年中位數派息率較低，爲16％（這意味着該公司保留了84％的利潤），這應該意味着該公司保留了大部分收益，因此增長幅度應高於其報告的水平。
Additionally, HONG RI DA Technology started paying a dividend only recently. So it looks like the management must have perceived that shareholders favor dividends over earnings growth.
此外，宏日達科技直到最近才開始派發股息。因此，看來管理層一定已經意識到股東偏愛股息而不是收益增長。
Conclusion
結論
On the whole, we feel that the performance shown by HONG RI DA 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. So far, we've only made a quick discussion around the company's earnings growth. So it may be worth checking this free detailed graph of HONG RI DA Technology's past earnings, as well as revenue and cash flows to get a deeper insight into the company's performance.
總的來說，我們認爲宏日達科技所表現出的表現可以有多種解釋。儘管該公司的利潤保留率確實很高，但其低迴報率可能會阻礙其收益增長。到目前爲止，我們僅就公司的收益增長進行了簡短的討論。因此，可能值得查看這張關於HONG RI DA Technology過去收益以及收入和現金流的免費詳細圖表，以更深入地了解該公司的業績。
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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。