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Has Huachangda Intelligent Equipment Group Co.,Ltd.'s (SZSE:300278) Impressive Stock Performance Got Anything to Do With Its Fundamentals?

Has Huachangda Intelligent Equipment Group Co.,Ltd.'s (SZSE:300278) Impressive Stock Performance Got Anything to Do With Its Fundamentals?

華昌達智能裝備集團股份有限公司(SZSE:300278)的出色股票表現與其基本面有關嗎?
Simply Wall St ·  10/27 09:21

Most readers would already be aware that Huachangda Intelligent Equipment GroupLtd's (SZSE:300278) stock increased significantly by 55% over the past three months. 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 Huachangda Intelligent Equipment GroupLtd's ROE.

大多數讀者可能已經注意到,華昌達智能設備集團股票在過去三個月裏大幅上漲了55%。鑑於股價通常與公司的長期財務表現保持一致,我們決定更密切地研究其財務指標,以查看它們是否在最近的股價波動中發揮了作用。在本文中,我們決定專注於華昌達智能設備集團的roe。

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.

股東權益回報率(ROE)是測試公司如何有效地增加其價值並管理投資者資金的指標。簡而言之,它用於評估公司相對於股本資本的盈利能力。

How To Calculate Return On Equity?

如何計算股東權益報酬率?

The formula for return on equity is:

權益回報率的計算公式是:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

淨資產收益率 = 淨利潤(來自持續經營) ÷ 股東權益

So, based on the above formula, the ROE for Huachangda Intelligent Equipment GroupLtd is:

因此,根據上述公式,華昌達智能設備集團的roe爲:

4.8% = CN¥86m ÷ CN¥1.8b (Based on the trailing twelve months to June 2024).

4.8% = 8600萬元人民幣 ÷ 18億人民幣(基於截至2024年6月的過去十二個月)。

The 'return' is the amount earned after tax over the last twelve months. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.05.

「回報」是指過去12個月稅後所賺取的金額。因此,這意味着對於公司每股東投資1元錢,公司能夠創造出0.05元人民幣的利潤。

What Has ROE Got To Do With Earnings Growth?

roe與盈利增長有何關係?

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. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.

到目前爲止,我們已經了解到roe是衡量公司利潤產生效率的指標。根據公司選擇再投資或「保留」其利潤的比例,我們隨後可以評估公司未來利潤的能力。其他條件都相同的情況下,roe和利潤保留率都較高的公司通常比沒有這些特徵的公司有更高的增長速度。

Huachangda Intelligent Equipment GroupLtd's Earnings Growth And 4.8% ROE

華昌達智能裝備集團有限公司的盈利增長和4.8%的roe

It is hard to argue that Huachangda Intelligent Equipment GroupLtd's ROE is much good in and of itself. Even when compared to the industry average of 6.9%, the ROE figure is pretty disappointing. In spite of this, Huachangda Intelligent Equipment GroupLtd was able to grow its net income considerably, at a rate of 62% in the last five years. We believe that there might be other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place.

很難說華昌達智能裝備集團有限公司的roe本身非常出色。即使與行業平均水平6.9%相比,roe數據令人相當失望。儘管如此,華昌達智能裝備集團有限公司在過去五年裏能夠顯著增長其淨利潤,增長率爲62%。我們認爲可能有其他積極影響公司盈利增長的方面,例如 - 高盈利保留或有效的管理團隊。

As a next step, we compared Huachangda Intelligent Equipment GroupLtd'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 8.3%.

作爲下一步,我們將華昌達智能裝備集團有限公司的淨利潤增長與行業進行了比較,令人高興的是,我們發現該公司的增長高於行業平均增長率8.3%。

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SZSE:300278 Past Earnings Growth October 27th 2024
SZSE:300278過去盈利增長2024年10月27日

The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. Is Huachangda Intelligent Equipment GroupLtd fairly valued compared to other companies? These 3 valuation measures might help you decide.

將價值附加於公司的基礎在很大程度上與其盈利增長相關。投資者應設法確定預期收益增長或下降(無論哪種情況)是否已反映在股價中。這樣做將幫助他們判斷股票的未來是充滿希望還是充滿風險。與其他公司相比,華創達智能裝備集團有限公司的估值是否合理?這3個估值指標可能會幫助您做出決定。

Is Huachangda Intelligent Equipment GroupLtd Using Its Retained Earnings Effectively?

華創達智能裝備集團有限公司是否有效利用了留存收益?

Huachangda Intelligent Equipment GroupLtd doesn't pay any regular dividends currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the high earnings growth number that we discussed above.

華創達智能裝備集團有限公司目前不支付任何常規分紅,這基本上意味着它一直在將所有利潤重新投資到業務中。這無疑有助於上文我們討論過的高盈利增長數據。

Conclusion

結論

Overall, we feel that Huachangda Intelligent Equipment GroupLtd 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. 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 will have the 1 risk we have identified for Huachangda Intelligent Equipment GroupLtd.

總的來說,我們認爲華創達智能裝備集團有限公司確實有一些積極因素需要考慮。儘管回報率較低,但由於大量重新投資於業務,公司已經發布了令人印象深刻的盈利增長。雖然我們不會完全忽視這家公司,但我們會努力確定業務的風險,以做出更明智的決策。我們的風險儀表板將包含我們爲華創達智能裝備集團有限公司確定的1項風險。

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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的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。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對提及的任何股票都沒有持倉。

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