HIT Welding Industry Co.,Ltd's (SZSE:301137) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
HIT Welding Industry Co.,Ltd's (SZSE:301137) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
HIT Welding IndustryLtd's (SZSE:301137) stock is up by a considerable 14% over the past week. However, we decided to pay attention to the company's fundamentals which don't appear to give a clear sign about the company's financial health. In this article, we decided to focus on HIT Welding IndustryLtd's ROE.
HIT Welding IndustryLtd(深圳证券交易所代码:301137)的股票在过去一周大幅上涨了14%。但是,我们决定关注公司的基本面,这些基本面似乎并不能清楚地表明公司的财务状况。在本文中,我们决定重点介绍HIT Welding IndustryLtd的投资回报率。
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.
股本回报率或投资回报率是用于评估公司管理层利用公司资本效率的关键指标。换句话说,它揭示了公司成功地将股东投资转化为利润。
See our latest analysis for HIT Welding IndustryLtd
查看我们对HIT 焊接工业有限公司的最新分析
How To Calculate Return On Equity?
如何计算股本回报率?
Return on equity can be calculated by using the formula:
股本回报率可以通过使用以下公式计算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率 = 净利润(来自持续经营业务)÷ 股东权益
So, based on the above formula, the ROE for HIT Welding IndustryLtd is:
因此,根据上述公式,HIT Welding IndustryLtd的投资回报率为:
3.6% = CN¥47m ÷ CN¥1.3b (Based on the trailing twelve months to June 2023).
3.6% = 4700万元人民币 ^13亿元人民币(基于截至2023年6月的过去十二个月)。
The 'return' refers to a company's earnings over the last year. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.04 in profit.
“回报” 是指公司去年的收益。这意味着,每持有价值1元人民币的股权,公司就会产生0.04元人民币的利润。
What Has ROE Got To Do With Earnings Growth?
投资回报率与收益增长有什么关系?
So far, we've learned that ROE is a measure of a company's profitability. 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. 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.
到目前为止,我们已经了解到,投资回报率是衡量公司盈利能力的指标。然后,我们能够评估公司的收益增长潜力,具体取决于公司对这些利润进行再投资或 “保留” 了多少及其有效性。假设其他一切保持不变,那么与不一定具有这些特征的公司相比,投资回报率和利润保留率越高,公司的增长率就越高。
HIT Welding IndustryLtd's Earnings Growth And 3.6% ROE
HIT 焊接工业有限公司的收益增长和 3.6% 的投资回报率
As you can see, HIT Welding IndustryLtd's ROE looks pretty weak. Not just that, even compared to the industry average of 7.9%, the company's ROE is entirely unremarkable. For this reason, HIT Welding IndustryLtd's five year net income decline of 12% is not surprising given its lower ROE. We reckon that there could also be other factors at play here. For instance, the company has a very high payout ratio, or is faced with competitive pressures.
如你所见,HIT Welding IndustryLtd的投资回报率看起来相当疲软不仅如此,即使与7.9%的行业平均水平相比,该公司的投资回报率也完全不引人注目。出于这个原因,鉴于HIT Welding IndustryLtd的投资回报率较低,其五年来净收入下降了12%也就不足为奇了。我们认为这里可能还有其他因素在起作用。例如,该公司的派息率非常高,或者面临竞争压力。
However, when we compared HIT Welding IndustryLtd's growth with the industry we found that while the company's earnings have been shrinking, the industry has seen an earnings growth of 11% in the same period. This is quite worrisome.
但是,当我们将HIT Welding IndustryLtd的增长与该行业进行比较时,我们发现,尽管该公司的收益一直在萎缩,但同期该行业的收益增长了11%。这非常令人担忧。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20230929/0-3b4ded45f5cdd180f858f764390ce9ad-0-dfec312b31ab809db2b08837a9f4ee7e.png/big)
Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about HIT Welding IndustryLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增长是股票估值的重要因素。对于投资者来说,重要的是要知道市场是否对公司的预期收益增长(或下降)进行了定价。这样做将帮助他们确定该股的未来是充满希望还是不祥。如果你想知道HIT Welding IndustryLtd的估值,可以看看这个与行业相比的市盈率指标。
Is HIT Welding IndustryLtd Making Efficient Use Of Its Profits?
HIT Welding IndustryLtd 是否在有效利用其利润?
Despite having a normal three-year median payout ratio of 25% (where it is retaining 75% of its profits), HIT Welding IndustryLtd has seen a decline in earnings as we saw above. So there might be other factors at play here which could potentially be hampering growth. For example, the business has faced some headwinds.
尽管HIT Welding IndustryLtd的三年中位派息率正常为25%(保留75%的利润),但正如我们在上面看到的那样,HIT Welding IndustryLtd的收益却有所下降。因此,这里可能还有其他因素在起作用,这些因素可能会阻碍增长。例如,该业务面临一些不利因素。
Additionally, HIT Welding IndustryLtd started paying a dividend only recently. So it looks like the management may have perceived that shareholders favor dividends even though earnings have been in decline.
此外,HIT Welding IndustryLtd直到最近才开始支付股息。因此,看来管理层可能已经意识到,尽管收益一直在下降,但股东还是偏爱分红。
Summary
摘要
On the whole, we feel that the performance shown by HIT Welding IndustryLtd can be open to many interpretations. While the company does have a high rate of reinvestment, the low ROE means that all that reinvestment is not reaping any benefit to its investors, and moreover, its having a negative impact on the earnings growth. Wrapping up, we would proceed with caution with this company and one way of doing that would be to look at the risk profile of the business. To know the 3 risks we have identified for HIT Welding IndustryLtd visit our risks dashboard for free.
总体而言,我们认为HIT Welding IndustryLtd所表现出的表现可以有多种解释。尽管该公司的再投资率确实很高,但低投资回报率意味着所有这些再投资都没有给投资者带来任何好处,而且对收益增长产生了负面影响。总而言之,我们将谨慎对待这家公司,做到这一点的一种方法是查看业务的风险状况。要了解我们为HIT Welding IndustryLtd确定的3种风险,请免费访问我们的风险仪表板。
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Simply Wall St 的这篇文章本质上是笼统的。 我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。 它不构成买入或卖出任何股票的建议,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。简而言之,华尔街在上述任何股票中都没有头寸。