Is Weakness In Zhejiang Xinan Chemical Industrial Group Co.,Ltd (SHSE:600596) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
Is Weakness In Zhejiang Xinan Chemical Industrial Group Co.,Ltd (SHSE:600596) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
Zhejiang Xinan Chemical Industrial GroupLtd (SHSE:600596) has had a rough month with its share price down 6.5%. However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. Specifically, we decided to study Zhejiang Xinan Chemical Industrial GroupLtd's ROE in this article.
浙江新安化工集團股份有限公司(上海證券交易所股票代碼：600596)經歷了艱難的一個月，其股價下跌了6.5%。然而，仔細看看它穩健的財務狀況可能會讓你重新考慮。鑑於基本面因素通常會推動長期市場結果，該公司值得關注。具體地説，我們決定在本文中研究浙江新安化工集團有限公司的淨資產收益率。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Put another way, it reveals the company's success at turning shareholder investments into profits.
股本回報率(ROE)是對一家公司增值和管理投資者資金的效率的測試。換句話説，它揭示了該公司成功地將股東投資轉化為利潤。
See our latest analysis for Zhejiang Xinan Chemical Industrial GroupLtd
查看我們對浙江新安化工集團有限公司的最新分析
How Do You Calculate Return On Equity?
你如何計算股本回報率？
Return on equity can be calculated by using the formula:
股本回報率可使用以下公式計算：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率=(持續經營的)淨利潤？股東權益
So, based on the above formula, the ROE for Zhejiang Xinan Chemical Industrial GroupLtd is:
因此，根據上述公式，浙江新安化工集團有限公司的淨資產收益率為：
32% = CN¥4.0b ÷ CN¥12b (Based on the trailing twelve months to September 2022).
32%=CN元40億×CN元120億(以截至2022年9月的12個月為基礎)。
The 'return' is the yearly profit. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.32 in profit.
“回報”就是年度利潤。這意味着，每增加價值1元的股東權益，公司就會產生0.32元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
淨資產收益率與盈利增長之間有什麼關係？
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 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.
到目前為止，我們瞭解到淨資產收益率是衡量一家公司盈利能力的指標。根據公司將這些利潤再投資或“保留”多少，以及這樣做的效率如何，我們就能夠評估一家公司的收益增長潛力。假設其他條件相同，與沒有相同特徵的公司相比，擁有更高股本回報率和更高利潤保留率的公司通常會有更高的增長率。
Zhejiang Xinan Chemical Industrial GroupLtd's Earnings Growth And 32% ROE
浙江新安化工集團盈利增長及淨資產收益率32%
To begin with, Zhejiang Xinan Chemical Industrial GroupLtd has a pretty high ROE which is interesting. Secondly, even when compared to the industry average of 9.6% the company's ROE is quite impressive. So, the substantial 40% net income growth seen by Zhejiang Xinan Chemical Industrial GroupLtd over the past five years isn't overly surprising.
首先，浙江新安化工集團有限公司擁有相當高的淨資產收益率，這是很有趣的。其次，即使與9.6%的行業平均水平相比，該公司的淨資產收益率也相當令人印象深刻。因此，浙江新安化工集團有限公司過去五年的淨利潤大幅增長40%並不太令人意外。
Next, on comparing with the industry net income growth, we found that Zhejiang Xinan Chemical Industrial GroupLtd's growth is quite high when compared to the industry average growth of 20% in the same period, which is great to see.
接下來，對比行業淨收入增長，我們發現浙江新安化工集團有限公司的增長與同期行業平均20%的增長相比是相當高的，這是令人欣喜的。
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Zhejiang Xinan Chemical Industrial GroupLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
賦予一家公司價值的基礎在很大程度上與其盈利增長掛鈎。對於投資者來説，重要的是知道市場是否已經消化了公司預期的收益增長(或下降)。這有助於他們確定這隻股票是為光明還是黯淡的未來做準備。如果你想知道浙江新安化工集團有限公司的估值，看看這個衡量其市盈率的指標，與其行業相比。
Is Zhejiang Xinan Chemical Industrial GroupLtd Making Efficient Use Of Its Profits?
浙江新安化工集團有限公司是否有效利用了利潤？
Zhejiang Xinan Chemical Industrial GroupLtd's ' three-year median payout ratio is on the lower side at 23% implying that it is retaining a higher percentage (77%) of its profits. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.
浙江新安化工集團有限公司的三年派息率中值偏低，為23%，這意味着該公司將保留更高的利潤比例(77%)。這表明管理層正在將大部分利潤進行再投資，以實現業務增長，公司的增長就是明證。
Besides, Zhejiang Xinan Chemical Industrial GroupLtd has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders.
此外，浙江新安化工集團有限公司至少在十年或更長時間內一直在分紅。這表明該公司致力於與股東分享利潤。
Conclusion
結論
In total, we are pretty happy with Zhejiang Xinan Chemical Industrial GroupLtd's performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. 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.
總體而言，我們對浙江新安化工集團有限公司的表現感到滿意。具體地説，我們喜歡該公司將一大筆利潤以高回報率進行再投資。當然，這導致該公司的收益出現了大幅增長。話雖如此，該公司的盈利增長預計將放緩，正如目前分析師預測的那樣。要了解更多有關該公司未來收益增長預測的信息，請查看以下內容免費報告分析師對該公司的預測，以瞭解更多信息。
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本文由Simply Wall St.撰寫，具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論，我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議，也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意，我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。
譯文內容由第三人軟體翻譯。