Keli Sensing Technology (Ningbo) Co.,Ltd. (SHSE:603662) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Keli Sensing Technology (Ningbo) Co.,Ltd. (SHSE:603662) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
With its stock down 23% over the past month, it is easy to disregard Keli Sensing Technology (Ningbo)Ltd (SHSE:603662). However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on Keli Sensing Technology (Ningbo)Ltd's ROE.
科利傳感科技（寧波）有限公司（上海證券交易所代碼：603662）的股票在過去一個月中下跌了23％，很容易被忽視。但是，股票價格通常由公司的長期財務業績驅動，在這種情況下，這看起來很有希望。在本文中，我們決定重點關注科利傳感科技（寧波）有限公司的投資回報率。
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. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
投資回報率或股本回報率是評估公司如何有效地從股東那裏獲得投資回報的有用工具。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 Is ROE Calculated?
ROE 是如何計算的？
Return on equity can be calculated by using the formula:
股本回報率可以使用以下公式計算：
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 Keli Sensing Technology (Ningbo)Ltd is:
因此，根據上述公式，科利傳感科技（寧波）有限公司的投資回報率爲：
11% = CN¥298m ÷ CN¥2.6b (Based on the trailing twelve months to September 2023).
11% = 2.98億元人民幣 ÷ 26億元人民幣（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. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.11 in profit.
“回報” 是企業在過去一年中獲得的收入。這意味着，每持有價值1元人民幣的股權，公司就會產生0.11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. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.
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。假設其他一切保持不變，那麼與不一定具有這些特徵的公司相比，投資回報率和利潤保留率越高，公司的增長率就越高。
A Side By Side comparison of Keli Sensing Technology (Ningbo)Ltd's Earnings Growth And 11% ROE
科利傳感科技（寧波）有限公司的收益增長和11％的投資回報率的並排比較
To begin with, Keli Sensing Technology (Ningbo)Ltd seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 7.2%. This probably laid the ground for Keli Sensing Technology (Ningbo)Ltd's moderate 13% net income growth seen over the past five years.
首先，科利傳感科技（寧波）有限公司的投資回報率似乎不錯。此外，該公司的投資回報率與行業平均水平的7.2％相比相當不錯。這可能爲科利傳感科技（寧波）有限公司在過去五年中實現13％的溫和淨收入增長奠定了基礎。
Next, on comparing Keli Sensing Technology (Ningbo)Ltd's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 14% over the last few years.
接下來，在將科利傳感科技（寧波）有限公司的淨收入增長與該行業的淨收入增長進行比較時，我們發現該公司報告的增長與過去幾年14％的行業平均增長率相似。
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 Keli Sensing Technology (Ningbo)Ltd 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。無論如何，投資者應設法確定預期的收益增長或下降是否已計入其中。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，科利傳感科技（寧波）有限公司的估值是否合理？這3種估值指標可能會幫助您做出決定。
Is Keli Sensing Technology (Ningbo)Ltd Making Efficient Use Of Its Profits?
科利傳感科技（寧波）有限公司是否在有效利用其利潤？
Keli Sensing Technology (Ningbo)Ltd has a three-year median payout ratio of 29%, which implies that it retains the remaining 71% of its profits. This suggests that its dividend is well covered, and given the decent growth seen by the company, it looks like management is reinvesting its earnings efficiently.
科利傳感科技（寧波）有限公司的三年派息率中位數爲29％，這意味着它保留了剩餘的71％的利潤。這表明其股息覆蓋範圍良好，鑑於該公司的可觀增長，管理層似乎正在有效地對其收益進行再投資。
Besides, Keli Sensing Technology (Ningbo)Ltd has been paying dividends over a period of four years. This shows that the company is committed to sharing profits with its shareholders.
此外，科利傳感科技（寧波）有限公司已在四年內派發股息。這表明該公司致力於與股東分享利潤。
Conclusion
結論
On the whole, we feel that Keli Sensing Technology (Ningbo)Ltd's performance has been quite good. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. 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.
總的來說，我們覺得科利傳感科技（寧波）有限公司的表現相當不錯。特別是，我們喜歡該公司對其業務進行大量再投資，而且回報率很高。毫不奇怪，這帶來了令人印象深刻的收益增長。話雖如此，最新的行業分析師預測顯示，該公司的收益有望加速。這些分析師的預期是基於對該行業的廣泛預期，還是基於公司的基本面？點擊此處進入我們分析師對公司的預測頁面。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
對這篇文章有反饋嗎？對內容感到擔憂？直接聯繫我們。 或者，給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。
譯文內容由第三人軟體翻譯。