Has Shenzhen Soling Industrial Co.,Ltd's (SZSE:002766) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Has Shenzhen Soling Industrial Co.,Ltd's (SZSE:002766) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity Shenzhen Soling IndustrialLtd's (SZSE:002766) stock is up by a considerable 16% over the past 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. Particularly, we will be paying attention to Shenzhen Soling IndustrialLtd's ROE today.
深圳市索菱實業股份有限公司（SZSE：002766）的股票上漲了16%，已連續一週。我們想知道公司的財務狀況是否對股價變動起到作用，因爲公司的長期基本面通常決定市場結果，我們將特別關注深圳市索菱實業股份有限公司今天的roe。
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. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
roe或權益回報率是評估公司有效利用股東投資產生回報效率的有用工具。簡而言之，roe顯示每個股東投資所產生的利潤。
How Is ROE Calculated?
淨資產收益率怎麼計算？
The formula for return on equity is:
權益回報率的計算公式是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
淨資產收益率 = 淨利潤（從持續經營中獲得）÷ 股東權益
So, based on the above formula, the ROE for Shenzhen Soling IndustrialLtd is:
因此，根據上述公式，深圳市索菱實業股份有限公司的roe爲：
5.7% = CN¥41m ÷ CN¥716m (Based on the trailing twelve months to March 2024).
5.7％= CN¥4100萬÷CN¥71600萬（截至2024年3月的過去十二個月）。
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”是企業過去一年的收入。這意味着每1元股東權益，該公司產生了0.06元的利潤。
What Has ROE Got To Do With Earnings Growth?
ROE與盈利增長有什麼關係？
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. 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roe對於公司未來收益的有效衡量工具。根據公司再投資或“留存”這些利潤的程度及其有效性，我們隨後可以評估公司的收益增長潛力。一般而言，其他條件相同的情況下，roe和利潤留存率較高的公司比不具備這些屬性的公司具有更高的增長率。
A Side By Side comparison of Shenzhen Soling IndustrialLtd's Earnings Growth And 5.7% ROE
深圳市索菱實業股份有限公司的盈利增長與5.7％的roe並列比較
On the face of it, Shenzhen Soling IndustrialLtd's ROE is not much to talk about. A quick further study shows that the company's ROE doesn't compare favorably to the industry average of 8.1% either. Despite this, surprisingly, Shenzhen Soling IndustrialLtd saw an exceptional 34% net income growth over the past five years. We reckon that there could be other factors at play here. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.
表面上看，深圳市索菱實業股份有限公司的roe並不值得一提。進一步研究顯示，與8.1％的行業平均水平相比，公司的roe也無法令人滿意。儘管如此，令人驚訝的是，深圳市索菱實業股份有限公司在過去五年中實現了34％的淨利潤增長。我們認爲這裏可能有其他因素在起作用。例如，公司的管理層可能做出了一些明智的戰略決策，或者公司的派息比率較低。
We then compared Shenzhen Soling IndustrialLtd's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 8.4% in the same 5-year period.
然後，我們將深圳市索菱實業股份有限公司的淨利潤增長與行業進行了比較，我們很高興地看到，公司的增長數字比行業高，在同一5年期內行業增長率爲8.4％。
Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about Shenzhen Soling IndustrialLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增長是估值股票時要考慮的重要指標。投資者應該嘗試確定預期的收益增長或下降（無論哪種情況），是否定價。這樣做將有助於他們確定股票的未來前景是有前途還是不祥。如果您想了解深圳市索菱實業股份有限公司的估值，請查看其市盈率的評估，與其行業相比。
Is Shenzhen Soling IndustrialLtd Using Its Retained Earnings Effectively?
深圳市索菱實業股份有限公司是否有效地利用其留存盈利？
Shenzhen Soling IndustrialLtd doesn't pay any regular dividends currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the high earnings growth number that we discussed above.
深圳市索菱實業股份有限公司目前沒有支付任何普通股息，這意味着它一直在將所有利潤用於業務再投資。這無疑有助於上述高盈利增長數字。
Summary
總的來說，我們對偉明環保的表現非常滿意。具體而言，我們喜歡公司以高回報率再投資了其利潤的很大一部分。當然，這導致公司的收益大幅增長。但是，最新的行業分析師預測表明，該公司的收益預計將加速增長。
On the whole, we do feel that Shenzhen Soling IndustrialLtd has some positive attributes. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings.
總的來說，我們確實認爲深圳市索菱實業股份有限公司具有一些積極的屬性。儘管roe較低，但通過高比率的再投資，該公司成功實現了可觀的盈利增長。
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對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或電郵 editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
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