Do Its Financials Have Any Role To Play In Driving Jiangsu Eazytec Co., Ltd.'s (SHSE:688258) Stock Up Recently?
Do Its Financials Have Any Role To Play In Driving Jiangsu Eazytec Co., Ltd.'s (SHSE:688258) Stock Up Recently?
Jiangsu Eazytec (SHSE:688258) has had a great run on the share market with its stock up by a significant 17% over the last week. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Specifically, we decided to study Jiangsu Eazytec's ROE in this article.
江蘇Eazytec（上海證券交易所代碼：688258）在股市上表現良好，其股票上週大幅上漲了17％。我們想知道公司的財務狀況在價格變動中是否起着什麼作用，因爲公司的長期基本面通常決定市場業績。具體而言，我們決定在本文中研究江蘇Eazytec的投資回報率。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股本回報率或投資回報率是用於評估公司管理層利用公司資本效率的關鍵指標。簡而言之，它衡量公司相對於股東權益的盈利能力。
How Is ROE Calculated?
ROE 是如何計算的？
The formula for ROE is:
ROE 的公式是：
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 Jiangsu Eazytec is:
因此，根據上述公式，江蘇Eazytec的投資回報率爲：
6.1% = CN¥74m ÷ CN¥1.2b (Based on the trailing twelve months to March 2024).
6.1% = 7400萬元人民幣 ÷ 12億元人民幣（基於截至2024年3月的過去十二個月）。
The 'return' is the income the business earned over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.06.
“回報” 是企業去年獲得的收入。因此，這意味着其股東每投資1元人民幣，公司就會產生0.06CN的利潤。
What Is The Relationship Between ROE And Earnings Growth?
投資回報率與收益增長之間有什麼關係？
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. 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，投資回報率衡量的是公司創造利潤的效率。現在，我們需要評估公司再投資或 “保留” 了多少利潤以用於未來的增長，從而使我們對公司的增長潛力有所了解。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。
A Side By Side comparison of Jiangsu Eazytec's Earnings Growth And 6.1% ROE
江蘇 Eazytec 的收益增長和 6.1% 的投資回報率的並排比較
At first glance, Jiangsu Eazytec's ROE doesn't look very promising. Yet, a closer study shows that the company's ROE is similar to the industry average of 5.2%. Even so, Jiangsu Eazytec has shown a fairly decent growth in its net income which grew at a rate of 5.1%. Taking into consideration that the ROE is not particularly high, we reckon that there could also be other factors at play which could be influencing the company's growth. Such as - high earnings retention or an efficient management in place.
乍一看，江蘇 Eazytec 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行業平均水平的5.2％相似。即便如此，江蘇Eazytec的淨收入仍表現出相當不錯的增長，增長率爲5.1％。考慮到投資回報率不是特別高，我們認爲還可能有其他因素在起作用，這些因素可能會影響公司的增長。例如——高收益留存率或實行高效管理。
As a next step, we compared Jiangsu Eazytec'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 3.8%.
下一步，我們將江蘇Eazytec的淨收入增長與該行業進行了比較，令人高興的是，我們發現該公司的增長高於行業平均增長3.8％。
Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about Jiangsu Eazytec's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增長是股票估值的重要因素。對於投資者來說，重要的是要知道市場是否對公司的預期收益增長（或下降）進行了定價。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水域在等着呢。如果你想知道江蘇Eazytec的估值，可以看看這個衡量其市盈率與行業相比的指標。
Is Jiangsu Eazytec Efficiently Re-investing Its Profits?
江蘇 Eazytec 是否有效地將其利潤再投資？
In Jiangsu Eazytec's case, its respectable earnings growth can probably be explained by its low three-year median payout ratio of 24% (or a retention ratio of 76%), which suggests that the company is investing most of its profits to grow its business.
就江蘇Eazytec而言，其可觀的收益增長可以用其三年低的中位派息率（或76％的留存率）來解釋，這表明該公司正在將大部分利潤投資於業務增長。
Additionally, Jiangsu Eazytec has paid dividends over a period of four years which means that the company is pretty serious about sharing its profits with shareholders.
此外，江蘇Eazytec已在四年內派發了股息，這意味着該公司非常認真地與股東分享利潤。
Summary
摘要
On the whole, we do feel that Jiangsu Eazytec has some positive attributes. Despite its low rate of return, the fact that the company reinvests a very high portion of its profits into its business, no doubt contributed to its high earnings growth.
總的來說，我們確實認爲江蘇Eazytec具有一些積極的屬性。儘管回報率很低，但該公司將其利潤的很大一部分再投資於業務這一事實無疑促進了其高收益增長。
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