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Is Zhejiang Zhaolong Interconnect Technology Co.,Ltd.'s (SZSE:300913) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

Is Zhejiang Zhaolong Interconnect Technology Co.,Ltd.'s (SZSE:300913) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

是浙江兆龍互連科技有限公司嗎, Ltd. 's (SZSE: 300913) 股票最近的表現是由其誘人的財務前景帶動的?
Simply Wall St ·  03/11 15:24

Most readers would already be aware that Zhejiang Zhaolong Interconnect TechnologyLtd's (SZSE:300913) stock increased significantly by 43% over the past month. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Particularly, we will be paying attention to Zhejiang Zhaolong Interconnect TechnologyLtd's ROE today.

大多數讀者已經意識到,浙江兆龍互連科技股份有限公司(深圳證券交易所代碼:300913)的股票在過去一個月中大幅上漲了43%。鑑於從長遠來看,市場會獎勵強勁的財務狀況,我們想知道在這種情況下是否如此。特別是,我們今天將關注浙江兆龍互連科技有限公司的投資回報率。

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.

股本回報率或投資回報率是對公司增值和管理投資者資金的有效性的考驗。簡而言之,它用於評估公司相對於其股權資本的盈利能力。

How Is ROE Calculated?

ROE 是如何計算的?

The formula for return on equity is:

股本回報率的公式是:

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 Zhejiang Zhaolong Interconnect TechnologyLtd is:

因此,根據上述公式,浙江兆龍互連科技有限公司的投資回報率爲:

9.6% = CN¥100m ÷ CN¥1.0b (Based on the trailing twelve months to September 2023).

9.6% = 1億元人民幣 ÷ 1.0億元人民幣(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. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.10 in profit.

“回報” 是過去十二個月的稅後收入。另一種思考方式是,公司每持有價值1元人民幣的股權,就能獲得0.10元的利潤。

What Has ROE Got To Do With Earnings Growth?

投資回報率與收益增長有什麼關係?

We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. 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。根據公司選擇將多少利潤進行再投資或 “保留”,我們便能夠評估公司未來創造利潤的能力。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。

Zhejiang Zhaolong Interconnect TechnologyLtd's Earnings Growth And 9.6% ROE

浙江兆龍互連科技有限公司的收益增長和9.6%的投資回報率

When you first look at it, Zhejiang Zhaolong Interconnect TechnologyLtd's ROE doesn't look that attractive. Although a closer study shows that the company's ROE is higher than the industry average of 7.1% which we definitely can't overlook. This probably goes some way in explaining Zhejiang Zhaolong Interconnect TechnologyLtd's moderate 13% growth over the past five years amongst other factors. That being said, the company does have a slightly low ROE to begin with, just that it is higher than the industry average. Therefore, the growth in earnings could also be the result of other factors. E.g the company has a low payout ratio or could belong to a high growth industry.

當你第一次看時,浙江兆龍互連科技有限公司的投資回報率看起來並不那麼吸引人。儘管一項更仔細的研究表明,該公司的投資回報率高於行業平均水平的7.1%,但我們絕對不能忽視。除其他因素外,這可能在某種程度上解釋了浙江兆龍互連科技有限公司在過去五年中13%的溫和增長。話雖如此,該公司的投資回報率一開始確實略低,只是高於行業平均水平。因此,收益的增長也可能是其他因素的結果。例如,該公司的派息率較低,或者可能屬於高增長行業。

Next, on comparing Zhejiang Zhaolong Interconnect TechnologyLtd's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 14% over the last few years.

接下來,在比較浙江兆龍互連科技有限公司的淨收入增長與該行業的淨收入增長時,我們發現該公司報告的增長與過去幾年14%的行業平均增長率相似。

past-earnings-growth
SZSE:300913 Past Earnings Growth March 11th 2024
SZSE: 300913 過去的收益增長 2024 年 3 月 11 日

Earnings growth is a huge factor in stock valuation. 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 Zhaolong Interconnect TechnologyLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.

收益增長是股票估值的重要因素。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。這樣做將幫助他們確定股票的未來是樂觀還是不祥的。如果你想知道浙江兆龍互連科技有限公司的估值,可以看看這個衡量其與行業相比的市盈率指標。

Is Zhejiang Zhaolong Interconnect TechnologyLtd Making Efficient Use Of Its Profits?

浙江兆龍互連科技有限公司是否在有效利用其利潤?

Zhejiang Zhaolong Interconnect TechnologyLtd has a low three-year median payout ratio of 16%, meaning that the company retains the remaining 84% of its profits. This suggests that the management is reinvesting most of the profits to grow the business.

浙江兆龍互連科技有限公司的三年派息率中位數較低,爲16%,這意味着該公司保留了剩餘的84%的利潤。這表明管理層正在將大部分利潤再投資以發展業務。

Besides, Zhejiang Zhaolong Interconnect TechnologyLtd has been paying dividends over a period of three years. This shows that the company is committed to sharing profits with its shareholders.

此外,浙江兆龍互連科技有限公司已在三年內派發了股息。這表明該公司致力於與股東分享利潤。

Conclusion

結論

In total, we are pretty happy with Zhejiang Zhaolong Interconnect TechnologyLtd's performance. Particularly, we like that the company is reinvesting heavily into its business at a moderate rate of return. Unsurprisingly, this has led to an impressive earnings growth. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.

總的來說,我們對浙江兆龍互連科技有限公司的表現非常滿意。特別是,我們喜歡該公司以適度的回報率對其業務進行大量再投資。毫不奇怪,這帶來了令人印象深刻的收益增長。話雖如此,最新的行業分析師預測顯示,該公司的收益有望加速。這些分析師的預期是基於對該行業的廣泛預期,還是基於公司的基本面?點擊此處進入我們分析師對公司的預測頁面。

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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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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