Founder Technology Group Co.,Ltd.'s (SHSE:600601) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Founder Technology Group Co.,Ltd.'s (SHSE:600601) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Founder Technology GroupLtd (SHSE:600601) has had a great run on the share market with its stock up by a significant 9.1% over the last week. 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. Specifically, we decided to study Founder Technology GroupLtd's ROE in this article.
方正科技集團有限公司（上海證券交易所代碼：600601）在股市上表現良好，其股票上週大幅上漲了9.1％。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。具體而言，我們決定在本文中研究方正科技集團有限公司的投資回報率。
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. Put another way, it reveals the company's success at turning shareholder investments into profits.
股本回報率或投資回報率是股東需要考慮的重要因素，因爲它可以告訴他們資本再投資的有效性。換句話說，它揭示了公司成功地將股東投資轉化爲利潤。
How Is ROE Calculated?
ROE 是如何計算的？
ROE can be calculated by using the formula:
ROE 可以通過以下公式計算：
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 Founder Technology GroupLtd is:
因此，根據上述公式，方正科技集團有限公司的投資回報率爲：
5.9% = CN¥233m ÷ CN¥3.9b (Based on the trailing twelve months to March 2024).
5.9% = 2.33億元人民幣 ÷ 39億元人民幣（基於截至2024年3月的過去十二個月）。
The 'return' is the profit over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.06 in profit.
“回報” 是指過去十二個月的利潤。這意味着，每獲得價值1元人民幣的股東權益，該公司就會產生0.06元人民幣的利潤。
Why Is ROE Important For Earnings Growth?
爲什麼投資回報率對收益增長很重要？
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.
我們已經確定，投資回報率是衡量公司未來收益的有效盈利指標。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。假設其他條件都一樣，與功能不相同的公司相比，具有更高股本回報率和更高利潤保留率的公司通常具有更高的增長率。
Founder Technology GroupLtd's Earnings Growth And 5.9% ROE
創始人科技集團有限公司的收益增長和5.9％的投資回報率
At first glance, Founder Technology GroupLtd's ROE doesn't look very promising. Yet, a closer study shows that the company's ROE is similar to the industry average of 6.7%. Having said that, Founder Technology GroupLtd has shown a modest net income growth of 16% over the past five years. Given the slightly low ROE, it is likely that there could be some other aspects that are driving this growth. For instance, the company has a low payout ratio or is being managed efficiently.
乍一看，方正科技集團有限公司的投資回報率看起來並不十分樂觀。然而，一項更仔細的研究表明，該公司的投資回報率與6.7％的行業平均水平相似。話雖如此，方正科技集團有限公司在過去五年中表現出16％的溫和淨收入增長。鑑於投資回報率略低，可能還有其他一些方面推動這種增長。例如，該公司的派息率很低或管理得很高效。
Next, on comparing Founder Technology GroupLtd's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 15% over the last few years.
接下來，在將Founder Technology GroupLtd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15％的行業平均增長率相似。
Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. 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 Founder Technology GroupLtd is trading on a high P/E or a low P/E, relative to its industry.
收益增長是對股票進行估值時要考慮的重要指標。投資者接下來需要確定的是，預期的收益增長或缺乏收益是否已經包含在股價中。然後，這可以幫助他們確定股票是面向光明還是暗淡的未來。衡量預期收益增長的一個很好的指標是市盈率，它根據收益前景決定了市場願意爲股票支付的價格。因此，您可能需要檢查相對於其行業而言，方正科技集團有限公司的交易市盈率是高還是低。
Is Founder Technology GroupLtd Making Efficient Use Of Its Profits?
方正科技集團有限公司是否在有效利用其利潤？
Given that Founder Technology GroupLtd doesn't pay any regular dividends to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business.
鑑於Founder Technology GroupLtd不向其股東支付任何定期股息，我們推斷該公司一直在將其所有利潤再投資以發展業務。
Conclusion
結論
In total, it does look like Founder Technology GroupLtd has some positive aspects to its business. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings.
總的來說，方正科技集團有限公司的業務看起來確實有一些積極的方面。儘管投資回報率很低，但由於再投資率很高，該公司的收益實現了可觀的增長。
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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。
譯文內容由第三人軟體翻譯。