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Are Robust Financials Driving The Recent Rally In Jiangsu Seagull Cooling Tower Co.,Ltd.'s (SHSE:603269) Stock?

Are Robust Financials Driving The Recent Rally In Jiangsu Seagull Cooling Tower Co.,Ltd.'s (SHSE:603269) Stock?

强劲的财务状况是否推动了江苏海鸥冷却塔有限公司最近的涨势, Ltd. 's (SHSE: 603269) 股票?
Simply Wall St ·  05/01 12:26

Jiangsu Seagull Cooling TowerLtd (SHSE:603269) has had a great run on the share market with its stock up by a significant 41% over the last three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. In this article, we decided to focus on Jiangsu Seagull Cooling TowerLtd's ROE.

江苏海鸥冷却塔有限公司(SHSE: 603269)在股票市场上表现良好,其股票在过去三个月中大幅上涨了41%。鉴于从长远来看,市场会奖励强劲的财务状况,我们想知道在这种情况下是否如此。在本文中,我们决定重点介绍江苏海鸥冷却塔有限公司的投资回报率。

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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.

投资回报率或股本回报率是评估公司如何有效地从股东那里获得投资回报的有用工具。简而言之,它衡量公司相对于股东权益的盈利能力。

How Do You Calculate Return On Equity?

你如何计算股本回报率?

The formula for return on equity is:

股本回报率的公式是:

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

股本回报率 = 净利润(来自持续经营业务)÷ 股东权益

So, based on the above formula, the ROE for Jiangsu Seagull Cooling TowerLtd is:

因此,根据上述公式,江苏海鸥冷却塔有限公司的投资回报率为:

9.7% = CN¥101m ÷ CN¥1.0b (Based on the trailing twelve months to March 2024).

9.7% = 1.01亿元人民币 ÷ 1.0亿元人民币(基于截至2024年3月的过去十二个月)。

The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.10 in profit.

“回报” 是过去十二个月的税后收入。将其概念化的一种方法是,每拥有1元人民币的股东资本,公司的利润为0.10元人民币。

What Has ROE Got To Do With Earnings Growth?

投资回报率与收益增长有什么关系?

So far, we've learned that ROE is a measure of a company's profitability. 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.

到目前为止,我们已经了解到,投资回报率是衡量公司盈利能力的指标。根据公司选择将多少利润进行再投资或 “保留”,我们便能够评估公司未来创造利润的能力。假设其他一切保持不变,那么与不一定具有这些特征的公司相比,投资回报率和利润保留率越高,公司的增长率就越高。

A Side By Side comparison of Jiangsu Seagull Cooling TowerLtd's Earnings Growth And 9.7% ROE

江苏海鸥冷却塔有限公司的收益增长和9.7%的投资回报率的并排比较

At first glance, Jiangsu Seagull Cooling TowerLtd's ROE doesn't look very promising. Although a closer study shows that the company's ROE is higher than the industry average of 7.5% which we definitely can't overlook. This probably goes some way in explaining Jiangsu Seagull Cooling TowerLtd's moderate 20% growth over the past five years amongst other factors. That being said, the company does have a slightly low ROE to begin with, just that it is higher than the industry average. Therefore, the growth in earnings could also be the result of other factors. For example, it is possible that the broader industry is going through a high growth phase, or that the company has a low payout ratio.

乍一看,江苏海鸥冷却塔有限公司的投资回报率看起来并不十分乐观。尽管一项更仔细的研究表明,该公司的投资回报率高于行业平均水平的7.5%,但我们绝对不能忽视。除其他因素外,这可能在某种程度上解释了江苏海鸥冷却塔有限公司在过去五年中20%的温和增长。话虽如此,该公司的投资回报率一开始确实略低,只是高于行业平均水平。因此,收益的增长也可能是其他因素的结果。例如,整个行业可能正在经历高增长阶段,或者该公司的派息率很低。

We then compared Jiangsu Seagull Cooling TowerLtd's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 6.5% in the same 5-year period.

然后,我们将江苏海鸥冷却塔有限公司的净收入增长与该行业进行了比较,我们很高兴地看到,与同期同期6.5%的行业相比,该公司的增长数字更高。

past-earnings-growth
SHSE:603269 Past Earnings Growth May 1st 2024
SHSE: 603269 过去的收益增长 2024 年 5 月 1 日

Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. 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 Jiangsu Seagull Cooling TowerLtd is trading on a high P/E or a low P/E, relative to its industry.

收益增长是股票估值的重要因素。投资者接下来需要确定的是,预期的收益增长或缺乏收益是否已经包含在股价中。这样做将帮助他们确定股票的未来是乐观还是不祥的。衡量预期收益增长的一个很好的指标是市盈率,它根据收益前景决定了市场愿意为股票支付的价格。因此,您可能需要检查相对于其行业,江苏海鸥冷却塔有限公司的交易市盈率是高还是低。

Is Jiangsu Seagull Cooling TowerLtd Efficiently Re-investing Its Profits?

江苏海鸥冷却塔有限公司是否有效地将其利润再投资?

Jiangsu Seagull Cooling TowerLtd has a healthy combination of a moderate three-year median payout ratio of 38% (or a retention ratio of 62%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits.

江苏海鸥冷却塔有限公司的三年派息率中位数为38%(或62%的留存率),再加上我们在上面看到的可观的收益增长,这意味着该公司一直在有效利用其利润。

Besides, Jiangsu Seagull Cooling TowerLtd has been paying dividends over a period of six years. This shows that the company is committed to sharing profits with its shareholders.

此外,江苏海鸥冷却塔有限公司已经在六年内派发了股息。这表明该公司致力于与股东分享利润。

Summary

摘要

Overall, we are quite pleased with Jiangsu Seagull Cooling TowerLtd's performance. In particular, it's great to see that the company has seen significant growth in its earnings backed by a respectable ROE and a high reinvestment rate. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. 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.

总的来说,我们对江苏海鸥冷却塔有限公司的表现非常满意。特别是,很高兴看到该公司的收益在可观的投资回报率和高再投资率的支持下实现了显著增长。既然如此,分析师的最新预测显示,该公司的收益将继续扩大。要了解有关公司未来收益增长预测的更多信息,请查看这份关于分析师预测的免费报告,以了解更多信息。

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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的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

译文内容由第三方软件翻译。


以上内容仅用作资讯或教育之目的,不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。
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