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Is Lucky Harvest Co., Ltd.'s (SZSE:002965) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

Is Lucky Harvest Co., Ltd.'s (SZSE:002965) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

祥鑫科技有限公司(深交所:002965)股票最近的表現是否受到其吸引人的財務前景的推動?
Simply Wall St ·  2024/12/20 14:19

Lucky Harvest (SZSE:002965) has had a great run on the share market with its stock up by a significant 48% over the last three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Particularly, we will be paying attention to Lucky Harvest's ROE today.

祥鑫科技(深圳證券交易所:002965)在股市上表現出色,過去三個月其股票上漲了48%。鑑於公司令人印象深刻的業績,我們決定更仔細地研究其財務指標,因爲公司的長期財務健康通常決定市場結果。特別是,今天我們將關注祥鑫科技的ROE。

Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits.

股本回報率(ROE)是用於評估公司管理層如何有效利用公司資本的關鍵指標。換句話說,它揭示了公司將股東投資轉化爲利潤的成功程度。

How To Calculate Return On Equity?

如何計算股東權益回報率?

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

股東權益回報率 = 凈利潤(來自持續運營)÷ 股東權益

So, based on the above formula, the ROE for Lucky Harvest is:

因此,根據上述公式,祥鑫科技的ROE是:

9.8% = CN¥401m ÷ CN¥4.1b (Based on the trailing twelve months to September 2024).

9.8% = CN¥40100萬 ÷ CN¥41億(基於截至2024年9月的過去十二個月)。

The 'return' refers to a company's earnings over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.10.

「收益」是指公司在過去一年中的盈利。所以,這意味着對於每1元股東的投資,公司產生的利潤爲0.10元。

Why Is ROE Important For Earnings Growth?

ROE爲什麼對凈利潤增長很重要?

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. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.

到目前爲止,我們已經了解了ROE衡量公司利潤產生效率的程度。現在我們需要評估公司爲未來增長而重新投資或「保留」的利潤數量,然後了解公司的增長潛力。假設其他一切不變,ROE和利潤保留率越高,公司的增長率就越高,而與不一定具備這些特徵的公司相比,這種增長率的相對性就越高。

A Side By Side comparison of Lucky Harvest's Earnings Growth And 9.8% ROE

祥鑫科技的盈利增長與9.8% ROE的並排比較

When you first look at it, Lucky Harvest's ROE doesn't look that attractive. However, the fact that the its ROE is quite higher to the industry average of 6.3% doesn't go unnoticed by us. Particularly, the substantial 29% net income growth seen by Lucky Harvest over the past five years is impressive . Bear in mind, the company does have a moderately low ROE. It is just that the industry ROE is lower. Hence, there might be some other aspects that are causing earnings to grow. E.g the company has a low payout ratio or could belong to a high growth industry.

當你第一次看到它時,祥鑫科技的ROE看起來並不那麼有吸引力。然而,它的ROE遠高於行業平均水平6.3%這一事實並沒有被我們忽視。特別是,祥鑫科技在過去五年中凈利潤增長了29%,這令人印象深刻。請記住,公司確實有一個相對較低的ROE。只是行業的ROE更低。因此,可能還有其他方面導致盈利增長。例如,公司有低的分紅比例,或者可能屬於高增長行業。

As a next step, we compared Lucky Harvest's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 7.4%.

作爲下一步,我們將祥鑫科技的凈利潤增長與行業進行了比較,令人欣慰的是,我們發現公司的增長高於行業平均增長7.4%。

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SZSE:002965 Past Earnings Growth December 20th 2024
SZSE:002965過去的盈利增長2024年12月20日

Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. 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 Lucky Harvest is trading on a high P/E or a low P/E, relative to its industry.

盈利增長是評估股票時一個重要的指標。投資者需要知道市場是否已經考慮了公司預期的盈利增長(或下降)。這幫助他們判斷股票的前景是光明還是黯淡。一個良好的預期盈利增長指標是市盈率(P/E),它決定了市場願意爲一隻股票支付的價格基於其盈利前景。因此,您可能需要檢查祥鑫科技相對於其行業是高市盈率還是低市盈率。

Is Lucky Harvest Efficiently Re-investing Its Profits?

祥鑫科技是否有效地再投資其利潤?

Lucky Harvest has a three-year median payout ratio of 26% (where it is retaining 74% of its income) which is not too low or not too high. So it seems that Lucky Harvest is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.

祥鑫科技的三年中位派息率爲26%(保留了74%的收入),這個比例不算過低也不算過高。因此,祥鑫科技似乎在以一種高效的方式再投資,看到其盈利(如上所述)顯著增長,同時支付了覆蓋良好的股息。

Moreover, Lucky Harvest is determined to keep sharing its profits with shareholders which we infer from its long history of five years of paying a dividend.

此外,祥鑫科技致力於與股東分享其利潤,這從其長期五年支付股息的歷史中可以推斷出來。

Summary

總結

On the whole, we feel that Lucky Harvest's performance has been quite good. 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. We also studied the latest analyst forecasts and found that the company's earnings growth is expected be similar to its current growth rate. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.

總體來看,我們認爲祥鑫科技的表現相當不錯。特別是,我們喜歡該公司以適中的回報率重投資於其業務。不出所料,這導致了令人印象深刻的盈利增長。我們還研究了最新的分析師預測,發現該公司的盈利增長預計將與其當前的增長率相似。要了解更多關於該公司的最新分析師預測,請查看該公司的分析師預測可視化。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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?對內容有疑慮?請直接與我們聯繫。或者,發送電子郵件至 editorial-team (at) simplywallst.com。
這篇來自Simply Wall ST的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall ST在提到的任何股票中均沒有持倉。

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