Is Suzhou Hailu Heavy Industry Co.,Ltd's (SZSE:002255) Latest Stock Performance A Reflection Of Its Financial Health?
Is Suzhou Hailu Heavy Industry Co.,Ltd's (SZSE:002255) Latest Stock Performance A Reflection Of Its Financial Health?
Suzhou Hailu Heavy IndustryLtd's (SZSE:002255) stock is up by a considerable 24% over the past three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Specifically, we decided to study Suzhou Hailu Heavy IndustryLtd's ROE in this article.
苏州海陆重工有限公司（深圳证券交易所：002255）的股票在过去三个月中大幅上涨了24％。鉴于公司的出色表现，我们决定更仔细地研究其财务指标，因为公司的长期财务状况通常决定市场业绩。具体而言，我们决定在本文中研究苏州海陆重工有限公司的投资回报率。
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.
股本回报率或投资回报率是用于评估公司管理层利用公司资本效率的关键指标。简而言之，它衡量公司相对于股东权益的盈利能力。
How To Calculate Return On Equity?
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 Suzhou Hailu Heavy IndustryLtd is:
因此，根据上述公式，苏州海陆重工有限公司的投资回报率为：
9.4% = CN¥357m ÷ CN¥3.8b (Based on the trailing twelve months to March 2024).
9.4% = 3.57亿元人民币 ÷ 38亿元人民币（基于截至2024年3月的过去十二个月）。
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¥0.09.
“回报” 是企业在过去一年中获得的收入。因此，这意味着公司每投资1元人民币，公司就会产生0.09元人民币的利润。
What Has ROE Got To Do With Earnings Growth?
投资回报率与收益增长有什么关系？
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.
我们已经确定，投资回报率是衡量公司未来收益的有效盈利指标。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。
Suzhou Hailu Heavy IndustryLtd's Earnings Growth And 9.4% ROE
苏州海陆重工有限公司的收益增长和9.4％的投资回报率
When you first look at it, Suzhou Hailu Heavy IndustryLtd's ROE doesn't look that attractive. Although a closer study shows that the company's ROE is higher than the industry average of 7.0% which we definitely can't overlook. Even more so after seeing Suzhou Hailu Heavy IndustryLtd's exceptional 48% net income growth over the past five years. Bear in mind, the company does have a moderately low ROE. It is just that the industry ROE is lower. Hence, there might be some other aspects that are causing earnings to grow. 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.
当你第一次看时，苏州海陆重工有限公司的投资回报率看起来并不那么吸引人。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7.0％，但我们绝对不能忽视。在看到苏州海陆重工有限公司在过去五年中实现了48％的惊人净收入增长之后，更是如此。请记住，该公司的投资回报率确实适度低。只是行业的投资回报率较低。因此，可能还有其他一些方面导致收益增长。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。
As a next step, we compared Suzhou Hailu Heavy IndustryLtd'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 11%.
下一步，我们将苏州海陆重工有限公司的净收入增长与该行业进行了比较，令人高兴的是，我们发现该公司的增长高于行业平均增长11％。
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). This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Suzhou Hailu Heavy IndustryLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增长是股票估值的重要因素。对于投资者来说，重要的是要知道市场是否对公司的预期收益增长（或下降）进行了定价。然后，这可以帮助他们确定股票是为光明还是暗淡的未来而布局。如果你想知道苏州海陆重工有限公司的估值，可以看看这个衡量其市盈率与行业相比的指标。
Is Suzhou Hailu Heavy IndustryLtd Using Its Retained Earnings Effectively?
苏州海陆重工有限公司是否在有效使用其留存收益？
Given that Suzhou Hailu Heavy IndustryLtd 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.
鉴于苏州海陆重工有限公司不向其股东支付任何定期股息，我们推断该公司一直在将其所有利润再投资以发展业务。
Conclusion
结论
Overall, we are quite pleased with Suzhou Hailu Heavy IndustryLtd's performance. Particularly, we like that the company is reinvesting heavily into its business at a moderate rate of return. Unsurprisingly, this has led to an impressive earnings growth.
总的来说，我们对苏州海陆重工有限公司的表现非常满意。特别是，我们喜欢该公司以适度的回报率对其业务进行大量再投资。毫不奇怪，这带来了令人印象深刻的收益增长。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
对这篇文章有反馈吗？对内容感到担忧？直接联系我们。 或者，给编辑团队 (at) simplywallst.com 发送电子邮件。
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。