Ningbo Yongxin Optics Co.,Ltd's (SHSE:603297) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Ningbo Yongxin Optics Co.,Ltd's (SHSE:603297) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Ningbo Yongxin OpticsLtd (SHSE:603297) has had a great run on the share market with its stock up by a significant 18% over the last month. 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 Ningbo Yongxin OpticsLtd's ROE.
宁波永信光学有限公司（SHSE：603297）在股市上表现良好，其股票比上个月大幅上涨了18％。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，情况是否如此。在本文中，我们决定重点关注宁波永信光学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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
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。换句话说，它是衡量公司股东提供的资本回报率的盈利比率。
Check out our latest analysis for Ningbo Yongxin OpticsLtd
查看我们对宁波永信光学有限公司的最新分析
How To Calculate Return On Equity?
如何计算股本回报率？
ROE can be calculated by using the formula:
ROE 可以通过以下公式计算：
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 Ningbo Yongxin OpticsLtd is:
因此，根据上述公式，宁波永信光学有限公司的投资回报率为：
14% = CN¥253m ÷ CN¥1.8b (Based on the trailing twelve months to September 2023).
14% = 2.53亿元人民币 ¥18亿元人民币（基于截至2023年9月的过去十二个月）。
The 'return' is the profit over the last twelve months. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.14.
“回报” 是过去十二个月的利润。因此，这意味着，其股东每投资1元人民币，公司就会产生0.14元人民币的利润。
What Is The Relationship Between ROE And Earnings Growth?
投资回报率与收益增长之间有什么关系？
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. 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，投资回报率衡量的是公司创造利润的效率。然后，我们能够评估公司的收益增长潜力，具体取决于公司对这些利润进行再投资或 “保留” 了多少及其有效性。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。
Ningbo Yongxin OpticsLtd's Earnings Growth And 14% ROE
宁波永信光学有限公司的收益增长和14％的投资回报率
To start with, Ningbo Yongxin OpticsLtd's ROE looks acceptable. On comparing with the average industry ROE of 6.6% the company's ROE looks pretty remarkable. This certainly adds some context to Ningbo Yongxin OpticsLtd's decent 18% net income growth seen over the past five years.
首先，宁波永信光学有限公司的投资回报率看起来可以接受。与6.6％的行业平均投资回报率相比，该公司的投资回报率看起来相当可观。这无疑为宁波永信光学有限公司在过去五年中实现了18％的可观净收入增长增添了一些背景信息。
We then compared Ningbo Yongxin OpticsLtd'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 11% in the same 5-year period.
然后，我们将宁波永信光学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，与同期同期11％的行业相比，该公司的增长数字更高。
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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. Is Ningbo Yongxin OpticsLtd fairly valued compared to other companies? These 3 valuation measures might help you decide.
赋予公司价值的基础在很大程度上与其收益增长息息相关。投资者接下来需要确定的是，预期的收益增长或缺乏收益增长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光明还是不祥。与其他公司相比，宁波永信光学有限公司的估值是否公平？这三种估值指标可能会帮助您做出决定。
Is Ningbo Yongxin OpticsLtd Efficiently Re-investing Its Profits?
宁波永信光学有限公司是否有效地将其利润再投资？
With a three-year median payout ratio of 38% (implying that the company retains 62% of its profits), it seems that Ningbo Yongxin OpticsLtd is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.
宁波永信光学有限公司的三年中位派息率为38％（这意味着该公司保留了62％的利润），因此似乎正在高效地进行再投资，其收益可以实现可观的增长，并支付可观的股息。
Moreover, Ningbo Yongxin OpticsLtd 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，宁波永信光学有限公司决心继续与股东分享利润，这是我们从其四年分红的悠久历史中推断出来的。
Summary
摘要
In total, we are pretty happy with Ningbo Yongxin OpticsLtd's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
总的来说，我们对宁波永信光学有限公司的表现感到非常满意。特别是，很高兴看到该公司正在对其业务进行大量投资，再加上高回报率，这使其收益大幅增长。话虽如此，最新的行业分析师预测显示，该公司的收益预计将加速。这些分析师的预期是基于对该行业的广泛预期，还是基于公司的基本面？点击此处进入我们分析师对公司的预测页面。
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