Shenzhen Hui Chuang Da Technology Co., Ltd.'s (SZSE:300909) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Shenzhen Hui Chuang Da Technology Co., Ltd.'s (SZSE:300909) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Most readers would already be aware that Shenzhen Hui Chuang Da Technology's (SZSE:300909) stock increased significantly by 49% over the past 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. In this article, we decided to focus on Shenzhen Hui Chuang Da Technology's ROE.
大多數讀者已經意識到,深圳匯創達科技(深圳證券交易所代碼:300909)的股票在過去一個月中大幅上漲了49%。鑑於股票價格通常與公司的長期財務表現一致,我們決定更仔細地研究其財務指標,看看它們在近期的價格走勢中是否有機會發揮作用。在這篇文章中,我們決定重點關注深圳匯創達科技的投資回報率。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
股本回報率或投資回報率是對公司增值和管理投資者資金的有效性的考驗。換句話說,它是衡量公司股東提供的資本回報率的盈利比率。
How Do You Calculate Return On Equity?
你如何計算股本回報率?
The formula for return on equity is:
股本回報率的公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率 = 淨利潤(來自持續經營業務)÷ 股東權益
So, based on the above formula, the ROE for Shenzhen Hui Chuang Da Technology is:
因此,根據上述公式,深圳匯創達科技的投資回報率爲:
4.2% = CN¥79m ÷ CN¥1.9b (Based on the trailing twelve months to September 2023).
4.2% = 7900萬元人民幣 ÷ 19億元人民幣(基於截至2023年9月的過去十二個月)。
The 'return' is the income the business earned over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.04.
“回報” 是企業在過去一年中獲得的收入。因此,這意味着公司每投資1元人民幣,公司就會產生0.04元人民幣的利潤。
What Has ROE Got To Do With Earnings Growth?
投資回報率與收益增長有什麼關係?
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. 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.
到目前爲止,我們已經了解到,投資回報率衡量的是公司創造利潤的效率。根據公司選擇將多少利潤進行再投資或 “保留”,我們便能夠評估公司未來創造利潤的能力。一般而言,在其他條件相同的情況下,股本回報率和利潤留存率高的公司的增長率要高於不具有這些屬性的公司。
A Side By Side comparison of Shenzhen Hui Chuang Da Technology's Earnings Growth And 4.2% ROE
深圳市匯創達科技的收益增長和4.2%的投資回報率的並排比較
As you can see, Shenzhen Hui Chuang Da Technology's ROE looks pretty weak. Not just that, even compared to the industry average of 6.7%, the company's ROE is entirely unremarkable. Shenzhen Hui Chuang Da Technology was still able to see a decent net income growth of 14% over the past five years. We believe that there might be other aspects that are positively influencing the company's earnings 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.
如你所見,深圳市匯創達科技的投資回報率看起來相當疲軟。不僅如此,即使與6.7%的行業平均水平相比,該公司的投資回報率也完全不引人注目。在過去五年中,深圳匯創達科技仍然能夠實現14%的不錯的淨收入增長。我們認爲,可能還有其他方面對公司的收益增長產生積極影響。例如,公司的管理層可能做出了一些良好的戰略決策,或者公司的派息率很低。
Next, on comparing with the industry net income growth, we found that Shenzhen Hui Chuang Da Technology's growth is quite high when compared to the industry average growth of 11% in the same period, which is great to see.
接下來,與行業淨收入增長相比,我們發現,與同期行業平均增長11%相比,深圳市匯創達科技的增長相當高,這真是太好了。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240307/0-835b9af12004d4b189439522dd26e9dd-0-3033dc65be453075730f7820d2310d66.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). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Shenzhen Hui Chuang Da Technology fairly valued compared to other companies? These 3 valuation measures might help you decide.
收益增長是股票估值的重要因素。對於投資者來說,重要的是要知道市場是否對公司的預期收益增長(或下降)進行了定價。通過這樣做,他們將知道股票是走向清澈的藍色海水,還是沼澤的水域在等着你。與其他公司相比,深圳匯創達科技的估值是否合理?這3種估值指標可能會幫助您做出決定。
Is Shenzhen Hui Chuang Da Technology Efficiently Re-investing Its Profits?
深圳惠創達科技是否有效地將利潤再投資?
While the company did pay out a portion of its dividend in the past, it currently doesn't pay a dividend. We infer that the company has been reinvesting all of its profits to grow its business.
儘管該公司過去確實支付了部分股息,但目前不支付股息。我們推斷,該公司一直在將其所有利潤再投資於發展業務。
Summary
摘要
In total, it does look like Shenzhen Hui Chuang Da Technology has some positive aspects to its business. 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. 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 would have the 3 risks we have identified for Shenzhen Hui Chuang Da Technology.
總的來說,深圳匯創達科技的業務確實有一些積極的方面。儘管回報率很低,但由於對業務進行了大量再投資,該公司的收益增長令人印象深刻。雖然我們不會完全解散公司,但我們要做的是努力確定業務的風險,以便在公司周圍做出更明智的決定。我們的風險儀表板將包含我們爲深圳匯創達科技確定的三種風險。
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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.
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。