Chengdu Haoneng Technology Co., Ltd.'s (SHSE:603809) Stock Is Going Strong: Have Financials A Role To Play?
Chengdu Haoneng Technology Co., Ltd.'s (SHSE:603809) Stock Is Going Strong: Have Financials A Role To Play?
Chengdu Haoneng Technology (SHSE:603809) has had a great run on the share market with its stock up by a significant 9.2% over the last 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. Specifically, we decided to study Chengdu Haoneng Technology's ROE in this article.
成都浩能科技(上海证券交易所股票代码:603809)在过去一周的股价中大幅上涨了9.2%。我们想知道,由于一家公司的长期基本面通常决定着市场结果,该公司的财务状况是否以及在价格变化中扮演了什么角色。具体地说,我们决定在本文中研究成都浩能科技的净资产收益率。
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.
净资产收益率,即股本回报率,是评估一家公司从股东那里获得投资回报的有效程度的有用工具。换句话说,它揭示了该公司成功地将股东投资转化为利润。
See our latest analysis for Chengdu Haoneng Technology
查看我们对成都浩能科技的最新分析
How Do You Calculate Return On Equity?
你如何计算股本回报率?
The formula for return on equity is:
这个股本回报率公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率=(持续经营的)净利润?股东权益
So, based on the above formula, the ROE for Chengdu Haoneng Technology is:
因此,根据上述公式,成都浩能科技的ROE为:
8.6% = CN¥184m ÷ CN¥2.1b (Based on the trailing twelve months to June 2023).
8.6%=1.84亿元×21亿元(以截至2023年6月的12个月为基础)。
The 'return' is the income the business earned over the last year. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.09 in profit.
“回报”指的是企业在过去一年中获得的收入。一种概念化的方法是,公司每拥有1元人民币的股东资本,就会获得0.09元人民币的利润。
Why Is ROE Important For Earnings Growth?
为什么净资产收益率对收益增长很重要?
So far, we've learned that ROE is a measure of a company's profitability. 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. 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.
到目前为止,我们了解到净资产收益率是衡量一家公司盈利能力的指标。我们现在需要评估公司将多少利润再投资或“保留”用于未来的增长,这就让我们对公司的增长潜力有了一个了解。一般来说,在其他条件相同的情况下,股本回报率和利润留存较高的公司比不具备这些特征的公司有更高的增长率。
Chengdu Haoneng Technology's Earnings Growth And 8.6% ROE
成都浩能科技盈利增长8.6%净资产收益率
When you first look at it, Chengdu Haoneng Technology's ROE doesn't look that attractive. However, its ROE is similar to the industry average of 7.6%, so we won't completely dismiss the company. On the other hand, Chengdu Haoneng Technology reported a moderate 7.8% net income growth over the past five years. Considering the moderately low ROE, it is quite possible that there might be some other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place.
乍一看,成都浩能科技的ROE看起来并没有那么诱人。不过,其净资产收益率接近7.6%的行业平均水平,因此我们不会完全对该公司不屑一顾。另一方面,成都浩能科技报告称,过去五年净收入温和增长7.8%。考虑到较低的净资产收益率,很有可能还有一些其他方面正在积极影响公司的收益增长。例如-高收益留存或有效的管理到位。
As a next step, we compared Chengdu Haoneng Technology'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 3.6%.
作为下一步,我们将成都浩能科技的净收入增长与行业进行了比较,令人欣喜的是,我们发现该公司看到的增长高于3.6%的行业平均增长。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231012/0-fc4a066b6f590a16297515fdf4360e96-0-53300bbf2c1d9640217d2bb62d3cff26.png/big)
Earnings growth is a huge factor in stock valuation. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Chengdu Haoneng Technology fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增长是股票估值的一个重要因素。投资者应该尝试确定预期的收益增长或下降是否已计入价格,无论是哪种情况。通过这样做,他们将知道股票是将进入清澈的蓝色水域,还是等待沼泽水域。与其他公司相比,成都浩能科技的估值是否公平?这3个估值指标可能会帮助你做出决定。
Is Chengdu Haoneng Technology Using Its Retained Earnings Effectively?
成都浩能科技是否有效利用其留存收益?
Chengdu Haoneng Technology has a healthy combination of a moderate three-year median payout ratio of 31% (or a retention ratio of 69%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits.
如上所述,成都浩能科技拥有31%的适度三年中值派息率(或69%的留存率)和可观的收益增长的健康组合,这意味着该公司一直在有效利用其利润。
Besides, Chengdu Haoneng Technology has been paying dividends over a period of five years. This shows that the company is committed to sharing profits with its shareholders.
此外,成都浩能科技在五年的时间里一直在分红。这表明该公司致力于与股东分享利润。
Summary
摘要
Overall, we feel that Chengdu Haoneng Technology certainly does have some positive factors to consider. Even in spite of the low rate of return, the company has posted impressive earnings growth as a result of reinvesting heavily into its business. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
总体而言,我们觉得成都浩能科技确实有一些积极的因素需要考虑。尽管回报率很低,但由于对业务进行了大量再投资,该公司实现了令人印象深刻的收益增长。尽管如此,最新的行业分析师预测显示,该公司的收益预计将加速增长。要了解更多有关该公司未来收益增长预测的信息,请查看以下内容免费报告分析师对该公司的预测,以了解更多信息。
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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。