Are Poor Financial Prospects Dragging Down Shanghai Nenghui Technology Co.,Ltd. (SZSE:301046 Stock?
Are Poor Financial Prospects Dragging Down Shanghai Nenghui Technology Co.,Ltd. (SZSE:301046 Stock?
With its stock down 14% over the past week, it is easy to disregard Shanghai Nenghui TechnologyLtd (SZSE:301046). We decided to study the company's financials to determine if the downtrend will continue as the long-term performance of a company usually dictates market outcomes. Particularly, we will be paying attention to Shanghai Nenghui TechnologyLtd's ROE today.
上海能汇科技股份有限公司(SZSE:301046)股价在过去一周下跌14%,容易被忽视。我们决定研究该公司的财务状况,以确定走势是否会继续,因为公司的长期表现通常决定市场结果。特别是今天我们将关注上海能汇科技股份有限公司的roe。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
ROE是股东需要考虑的一个重要因素,因为它告诉他们公司如何有效地再投资他们的资本。换句话说,它是一种盈利能力比率,度量公司股东提供的资本的回报率。
How To Calculate Return On Equity?
如何计算股东权益报酬率?
Return on equity can be calculated by using the formula:
股东权益报酬率可以使用以下公式计算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
净资产收益率 = 净利润(从持续经营中获得)÷ 股东权益
So, based on the above formula, the ROE for Shanghai Nenghui TechnologyLtd is:
因此,基于上述公式,上海能汇科技股份有限公司的ROE为:
7.5% = CN¥63m ÷ CN¥850m (Based on the trailing twelve months to March 2024).
7.5%= CNY 63m ÷ CNY 850m(基于截至2024年3月的最近十二个月)。
The 'return' is the yearly profit. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.07 in profit.
“回报”是每年的利润。一个概念是,对于每1元的股东资本,公司获得0.07元的利润。
What Is The Relationship Between ROE And Earnings Growth?
既然我们已经确定ROE是一种有效的利润生成标准,用于评估公司未来的盈利能力,我们现在需要评估公司“保留”为未来增长而重新投资的利润多少,这使我们对公司的增长潜力有了一个了解。一般而言,在其他条件相等的情况下,ROE和利润留存高的公司,增长率比没有这些属性的公司要高。
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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. 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,我们学到了ROE如何评估公司有效地产生利润。根据公司再投资或“保留”的这些利润的多少以及其如何有效地进行再投资,我们可以评估公司的盈利增长潜力。一般而言,在其他条件相同的情况下,ROE高、利润保留高的公司,比没有这些属性的公司增长率更高。
Shanghai Nenghui TechnologyLtd's Earnings Growth And 7.5% ROE
上海能汇科技股份有限公司的盈利增长和7.5%的ROE
At first glance, Shanghai Nenghui TechnologyLtd's ROE doesn't look very promising. Yet, a closer study shows that the company's ROE is similar to the industry average of 7.3%. But Shanghai Nenghui TechnologyLtd saw a five year net income decline of 25% over the past five years. Bear in mind, the company does have a slightly low ROE. Therefore, the decline in earnings could also be the result of this.
乍一看,上海能汇科技股份有限公司的ROE似乎并不是很有前途。但是,仔细研究表明,公司的ROE与行业平均水平相似,为7.3%。但是,在过去五年中,上海能汇科技股份有限公司的净收入下降了25%。请记住,该公司的ROE略低。因此,收益下降也可能是这种情况的结果。
That being said, we compared Shanghai Nenghui TechnologyLtd's performance with the industry and were concerned when we found that while the company has shrunk its earnings, the industry has grown its earnings at a rate of 7.8% in the same 5-year period.
话虽如此,我们将上海能汇科技股份有限公司的表现与行业进行了比较,并发现,在同一5年期间,尽管该公司收缩了其收益,但行业的收益增长率为7.8%。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240606/0-29de688d0eade45886f21bba3b7d9a1e-0-df2e0fddfc8336858c770f9a6976473e.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 Shanghai Nenghui TechnologyLtd is trading on a high P/E or a low P/E, relative to its industry.
为公司附加价值的基础在很大程度上与其盈利增长有关。投资者需要确定的下一步是,预期的盈利增长或缺乏盈利增长是否已经融入股票价格。这样做将有助于他们确定股票的未来看起来是有前途还是不吉利。其中一个好的预期盈利增长的指标是市盈率,该指标根据其盈利前景确定市场愿意支付的股票价格。因此,您可能需要检查上海能汇科技股份有限公司的市盈率是否高于行业平均水平。
Is Shanghai Nenghui TechnologyLtd Efficiently Re-investing Its Profits?
上海能汇科技股份有限公司是否有效地重新投资其利润?
Shanghai Nenghui TechnologyLtd's declining earnings is not surprising given how the company is spending most of its profits in paying dividends, judging by its three-year median payout ratio of 75% (or a retention ratio of 25%). With only a little being reinvested into the business, earnings growth would obviously be low or non-existent. To know the 3 risks we have identified for Shanghai Nenghui TechnologyLtd visit our risks dashboard for free.
考虑到上海能汇科技股份有限公司的三年中位数支付比例为75%(或保留比率为25%),该公司利润的下降并不令人惊讶,因为其大部分利润都用于支付股息。由于只有很少的资金被重新投资到该业务中,因此利润增长显然会很低,甚至不存在。要了解我们已为上海能汇科技股份有限公司确定的3个风险,请免费访问我们的风险仪表板。
In addition, Shanghai Nenghui TechnologyLtd only recently started paying a dividend so the management probably decided the shareholders prefer dividends even though earnings have been shrinking.
此外,由于上海能汇科技股份有限公司仅最近开始支付股息,因此管理层可能已经决定股东更喜欢股息,即使收益一直在下降。
Conclusion
结论
In total, we would have a hard think before deciding on any investment action concerning Shanghai Nenghui TechnologyLtd. Because the company is not reinvesting much into the business, and given the low ROE, it's not surprising to see the lack or absence of growth in its earnings. With that said, we studied the latest analyst forecasts and found that while the company has shrunk its earnings in the past, analysts expect its earnings to grow in the future. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
总的来说,我们在考虑任何有关上海能汇科技股份有限公司的投资行动之前都需要认真考虑。因为公司没有多少重新投资到业务中,并且由于ROE低,不奇怪看到其盈利缺乏或不存在增长。尽管如此,我们研究了最新的分析师预测,并发现尽管该公司曾经在过去收缩了其收益,但是分析师预计其未来收益将增长。这些分析师的预期是基于行业的总体期望还是基于公司的基本面?单击此处进入我们的分析师预测页面。
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