Is Shenzhen Kaifa Technology Co., Ltd.'s (SZSE:000021) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Is Shenzhen Kaifa Technology Co., Ltd.'s (SZSE:000021) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Shenzhen Kaifa Technology (SZSE:000021) has had a great run on the share market with its stock up by a significant 11% over the last month. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. Particularly, we will be paying attention to Shenzhen Kaifa Technology's ROE today.
深科技(SZSE:000021)近一個月市場表現良好,股價大漲11%。從長期來看,股票價格通常與公司的財務表現相關,因此我們決定更加密切地研究其財務指標,以查看其對最近股價走勢的影響。特別是,我們今天將關注深科技的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. Put another way, it reveals the company's success at turning shareholder investments into profits.
ROE或股東權益報酬率是一種有用的工具,用於評估一家公司能否有效地利用來自股東的投資產生回報。換句話說,它揭示了公司將股東的投資變成利潤的成功程度。
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 Kaifa Technology is:
因此,根據上述公式,深科技的roe爲:
6.8% = CN¥875m ÷ CN¥13b (Based on the trailing twelve months to March 2024).
6.8% = CN¥87500萬 ÷ CN¥130億 (基於截至2024年3月的過去12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¥0.07 in profit.
“回報”是過去12個月的利潤。這意味着,對於每1元股東權益價值,公司創造了0.07元的利潤。
Why Is ROE Important For Earnings Growth?
ROE爲什麼對淨利潤增長很重要?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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. 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.
到目前爲止,我們已經了解到roe是衡量公司利潤產生效率的指標。根據公司選擇再投資或“保留”其利潤的比例,我們隨後可以評估公司未來利潤的能力。其他條件都相同的情況下,roe和利潤保留率都較高的公司通常比沒有這些特徵的公司有更高的增長速度。
Shenzhen Kaifa Technology's Earnings Growth And 6.8% ROE
深科技的盈利增長與6.8%的roe
At first glance, Shenzhen Kaifa Technology's ROE doesn't look very promising. Yet, a closer study shows that the company's ROE is similar to the industry average of 6.3%. Even so, Shenzhen Kaifa Technology has shown a fairly decent growth in its net income which grew at a rate of 5.6%. Given the slightly low ROE, it is likely that there could be some other aspects that are driving this growth. 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.
乍一看,深科技的roe並不看好。然而,更深入的研究表明,該公司的roe與行業平均水平6.3%相近。即便如此,深科技的淨利潤增長表現還是相當不錯的,增長率爲5.6%。考慮到roe略低,可能有一些其他方面推動了這種增長。例如,公司管理層可能做出了一些明智的戰略決策,或者公司的股息支付比率較低。
As a next step, we compared Shenzhen Kaifa Technology'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 6.4% in the same period.
作爲下一步,我們將深科技的淨利潤增長與行業進行比較,發現該公司在同一時期的增長速度與行業平均增長率6.4%相當。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240703/0-db7b128acbcedd277412700eb6cf4c7e-0-3354d19d65bb8bc93dbc8c7462dc77ad.png/big)
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. Doing so will help them establish if the stock's future looks promising or ominous. 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 Shenzhen Kaifa Technology is trading on a high P/E or a low P/E, relative to its industry.
評估公司價值的基礎在很大程度上與其盈利增長相關。投資者需要下一步確定的是,預期的盈利增長,或其缺乏,是否已融入股價。這樣做將幫助他們確定該股票的未來前景是樂觀還是不吉利。一項預期盈利增長的好指標是市盈率,它確定市場願意根據其盈利前景爲股票支付的價格。因此,您可能會想查看深科技的市盈率是高於還是低於行業水平。
Is Shenzhen Kaifa Technology Efficiently Re-investing Its Profits?
深科技是不是有效地重新投資其利潤?
With a three-year median payout ratio of 30% (implying that the company retains 70% of its profits), it seems that Shenzhen Kaifa Technology is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.
通過三年的中位數股息支付比率爲30%(表明公司留下其70%利潤),看起來深科技正在有效地進行再投資,從中獲得了相當可觀的利潤增長並支付着良好覆蓋的股息。
Besides, Shenzhen Kaifa Technology has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders.
此外,深科技至少已經連續十年支付股息。這表明公司致力於與股東分享利潤。
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。
In total, it does look like Shenzhen Kaifa Technology has some positive aspects to its business. Despite its low rate of return, the fact that the company reinvests a very high portion of its profits into its business, no doubt contributed to its high earnings growth. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. Our risks dashboard will have the 1 risk we have identified for Shenzhen Kaifa Technology.
總的來說,深科技的業務存在一些積極因素。儘管它的回報率較低,但公司將其大部分利潤再投資於其業務中,無疑促進了其高盈利增長。雖然我們不會完全忽視公司,但我們會嘗試確定業務風險以做出更明智的決策。我們的風險儀表板會列出我們爲深科技確定的一個風險。
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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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,也可以發送電子郵件至editorial-team@simplywallst.com