Are Robust Financials Driving The Recent Rally In Guangdong Champion Asia Electronics Co.,Ltd.'s (SHSE:603386) Stock?
Are Robust Financials Driving The Recent Rally In Guangdong Champion Asia Electronics Co.,Ltd.'s (SHSE:603386) Stock?
Guangdong Champion Asia ElectronicsLtd's (SHSE:603386) stock is up by a considerable 11% over the past week. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. Specifically, we decided to study Guangdong Champion Asia ElectronicsLtd's ROE in this article.
广东冠军亚洲电子股份有限公司(上海证券交易所股票代码：603386)的股票在过去一周内大幅上涨了11%。由于市场通常为公司的长期基本面买单，我们决定研究公司的关键业绩指标，看看它们是否会影响市场。具体地说，我们决定在本文中研究广东冠军亚洲电子有限公司的净资产收益率。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股本回报率(ROE)是对一家公司增值和管理投资者资金的效率的测试。简而言之，它衡量的是一家公司相对于股东权益的盈利能力。
Check out our latest analysis for Guangdong Champion Asia ElectronicsLtd
查看我们对广东冠军亚洲电子有限公司的最新分析
How Do You Calculate Return On Equity?
你如何计算股本回报率？
The formula for ROE is:
这个净资产收益率公式是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率=(持续经营的)净利润？股东权益
So, based on the above formula, the ROE for Guangdong Champion Asia ElectronicsLtd is:
因此，根据上述公式，广东冠军亚洲电子有限公司的净资产收益率为：
12% = CN¥179m ÷ CN¥1.5b (Based on the trailing twelve months to March 2022).
12%=CN元1.79亿×CN元15亿元(以截至2022年3月的12个月为基础)。
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¥0.12.
“回报”指的是企业在过去一年中获得的收入。因此，这意味着股东每投资1元人民币，公司就会产生0.12元的利润。
What Has ROE Got To Do With Earnings Growth?
净资产收益率与盈利增长有什么关系？
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes.
我们已经证实，净资产收益率是一家公司未来收益的有效盈利指标。我们现在需要评估公司将多少利润再投资或“保留”用于未来的增长，这就让我们对公司的增长潜力有了一个了解。一般来说，在其他条件相同的情况下，股本回报率和利润留存较高的公司比不具备这些特征的公司有更高的增长率。
Guangdong Champion Asia ElectronicsLtd's Earnings Growth And 12% ROE
广东冠军亚洲电子有限公司盈利增长和12%的净资产收益率
To begin with, Guangdong Champion Asia ElectronicsLtd seems to have a respectable ROE. On comparing with the average industry ROE of 8.9% the company's ROE looks pretty remarkable. Probably as a result of this, Guangdong Champion Asia ElectronicsLtd was able to see an impressive net income growth of 34% over the last five years. We believe that there might also be other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place.
首先，广东冠军亚洲电子有限公司似乎拥有令人尊敬的净资产收益率。与8.9%的行业平均净资产收益率相比，该公司的净资产收益率看起来相当可观。可能正因为如此，广东冠军亚洲电子有限公司在过去五年中能够实现令人印象深刻的34%的净收入增长。我们认为，可能还有其他方面正在积极影响公司的收益增长。例如-高收益留存或有效的管理到位。
As a next step, we compared Guangdong Champion Asia ElectronicsLtd'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 16%.
下一步，我们将广东冠军亚洲电子有限公司的净收入增长与行业进行了比较，令人高兴的是，我们发现该公司的增长高于行业平均16%的增长。
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. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Guangdong Champion Asia ElectronicsLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增长是股票估值的一个重要因素。投资者下一步需要确定的是，预期的收益增长是否已经计入了股价。这有助于他们确定这只股票是为光明还是黯淡的未来做准备。如果你想知道广东冠军亚洲电子有限公司的估值，看看这个衡量其市盈率的指标，与其行业相比。
Is Guangdong Champion Asia ElectronicsLtd Efficiently Re-investing Its Profits?
广东冠军亚洲电子有限公司是否有效地将其利润进行了再投资？
The three-year median payout ratio for Guangdong Champion Asia ElectronicsLtd is 40%, which is moderately low. The company is retaining the remaining 60%. By the looks of it, the dividend is well covered and Guangdong Champion Asia ElectronicsLtd is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above.
广东冠军亚洲电子有限公司的三年派息率中位数为40%，略低。该公司将保留剩余的60%。从表面上看，股息得到了很好的覆盖，广东冠军亚洲电子有限公司正在有效地将其利润进行再投资，这从我们上面讨论的非凡增长中可见一斑。
Moreover, Guangdong Champion Asia ElectronicsLtd is determined to keep sharing its profits with shareholders which we infer from its long history of four years of paying a dividend.
此外，广东冠军亚洲电子有限公司决心继续与股东分享利润，这是我们从其长期派息的四年历史中推断出来的。
Summary
摘要
In total, we are pretty happy with Guangdong Champion Asia ElectronicsLtd'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. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Remember, the price of a stock is also dependent on the perceived risk. Therefore investors must keep themselves informed about the risks involved before investing in any company. Our risks dashboard would have the 3 risks we have identified for Guangdong Champion Asia ElectronicsLtd.
总体而言，我们对广东冠军亚洲电子有限公司的表现相当满意。具体地说，我们喜欢该公司将一大笔利润以高回报率进行再投资。当然，这导致该公司的收益出现了大幅增长。如果该公司继续以目前的方式增长收益，考虑到每股收益对长期股价的影响，这可能会对其股价产生积极影响。记住，股票的价格也取决于感知到的风险。因此，投资者在投资任何公司之前，必须随时了解所涉及的风险。我们的风险仪表板将包含我们为广东冠军亚洲电子有限公司确定的3个风险。
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本文由Simply Wall St.撰写，具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论，我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议，也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意，我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。