Jiang Su Suyan Jingshen Co.,Ltd (SHSE:603299) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Jiang Su Suyan Jingshen Co.,Ltd (SHSE:603299) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
It is hard to get excited after looking at Jiang Su Suyan JingshenLtd's (SHSE:603299) recent performance, when its stock has declined 16% over the past three months. 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 Jiang Su Suyan JingshenLtd's ROE.
看了江苏苏烟精深股份有限公司(上海证券交易所股票代码：603299)最近的表现，很难感到兴奋，它的股票在过去三个月里下跌了16%。然而，股价通常是由一家公司的长期财务表现推动的，在这种情况下，这看起来相当有希望。在本文中，我们决定将重点放在江苏苏燕精深股份有限公司的净资产收益率上。
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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回报率或净资产收益率是股东要考虑的一个重要因素，因为它告诉他们他们的资本再投资的效率。简而言之，它是用来评估一家公司相对于其权益资本的盈利能力。
Check out our latest analysis for Jiang Su Suyan JingshenLtd
查看我们对江苏苏燕精深有限公司的最新分析
How Is ROE Calculated?
净资产收益率是如何计算的？
The formula for return on equity is:
这个股本回报率公式是：
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 Jiang Su Suyan JingshenLtd is:
因此，根据上述公式，江苏苏烟精深股份有限公司的净资产收益率为：
14% = CN¥783m ÷ CN¥5.6b (Based on the trailing twelve months to March 2023).
14%=7.83亿元×56亿元(以截至2023年3月的12个月为基础)。
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¥0.14 in profit.
“报税表”是过去12个月的税后收入。将其概念化的一种方法是，公司每拥有1元人民币的股东资本，就会获得0.14元的利润。
What Is The Relationship Between ROE And Earnings Growth?
净资产收益率与盈利增长之间有什么关系？
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。
Jiang Su Suyan JingshenLtd's Earnings Growth And 14% ROE
江苏苏烟精深股份的盈利增长和14%的净资产收益率
To begin with, Jiang Su Suyan JingshenLtd seems to have a respectable ROE. Especially when compared to the industry average of 8.3% the company's ROE looks pretty impressive. Probably as a result of this, Jiang Su Suyan JingshenLtd was able to see an impressive net income growth of 29% over the last five years. However, there could also be other causes behind this growth. For instance, the company has a low payout ratio or is being managed efficiently.
首先，江苏素燕精深股份有限公司似乎拥有令人尊敬的净资产收益率。特别是与8.3%的行业平均水平相比，该公司的净资产收益率看起来相当令人印象深刻。或许正因为如此，江苏燕精深有限公司在过去五年中实现了令人印象深刻的29%的净收入增长。然而，这种增长背后也可能有其他原因。例如，该公司的派息率较低或管理效率较高。
We then compared Jiang Su Suyan JingshenLtd'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 16% in the same period.
然后，我们将江苏苏烟精深有限公司的净收入增长与行业进行了比较，我们很高兴地看到，与同期16%的行业增长率相比，该公司的增长数字更高。
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. This then helps them determine if the stock is placed for a bright or bleak future. Is Jiang Su Suyan JingshenLtd fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增长是股票估值的一个重要因素。投资者应该尝试确定预期的收益增长或下降是否已计入价格，无论是哪种情况。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。与其他公司相比，江苏苏烟精深股份有限公司的估值是否公平？这3个估值指标可能会帮助你做出决定。
Is Jiang Su Suyan JingshenLtd Making Efficient Use Of Its Profits?
江苏苏烟精深股份有限公司是否有效利用了利润？
Jiang Su Suyan JingshenLtd's three-year median payout ratio is a pretty moderate 35%, meaning the company retains 65% of its income. So it seems that Jiang Su Suyan JingshenLtd is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
江苏苏燕精深股份有限公司的三年派息率中值为35%，相当适中，这意味着该公司保留了65%的收入。因此，江苏苏岩精深股份有限公司似乎正在以一种高效的再投资方式进行再投资，它看到了令人印象深刻的收益增长(如上所述)，并支付了丰厚的股息。
Moreover, Jiang Su Suyan JingshenLtd is determined to keep sharing its profits with shareholders which we infer from its long history of seven years of paying a dividend.
此外，江苏苏岩精深股份有限公司决心继续与股东分享利润，这是从其七年来支付股息的悠久历史中推断出来的。
Summary
摘要
Overall, we are quite pleased with Jiang Su Suyan JingshenLtd'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. Not to forget, share price outcomes are also dependent on the potential risks a company may face. So it is important for investors to be aware of the risks involved in the business. Our risks dashboard will have the 1 risk we have identified for Jiang Su Suyan JingshenLtd.
总体而言，我们对江苏苏烟精深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。别忘了，股价结果还取决于一家公司可能面临的潜在风险。因此，投资者意识到这项业务所涉及的风险很重要。我们的风险控制面板将包含我们为江苏苏烟精深有限公司确定的1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。