Should Weakness in Suqian Unitech Corp.,Ltd.'s (SHSE:603065) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Should Weakness in Suqian Unitech Corp.,Ltd.'s (SHSE:603065) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
With its stock down 5.7% over the past week, it is easy to disregard Suqian UnitechLtd (SHSE:603065). But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. Specifically, we decided to study Suqian UnitechLtd's ROE in this article.
過去一週，宿遷的股價下跌了5.7%，人們很容易忽視宿遷(上海證券交易所股票代碼：603065)。但如果你密切關注，你可能會發現，該公司的關鍵財務指標看起來相當不錯，這可能意味著，鑑於市場通常會獎勵更具彈性的長期基本面因素，該股可能會在長期內上漲。具體地說，我們決定在本文中研究宿遷聯合科技有限公司的淨資產收益率。
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. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
股本回報率或淨資產收益率是股東要考慮的一個重要因素，因為它告訴他們他們的資本再投資的效率。換句話說，這是一個衡量公司股東提供的資本回報率的盈利比率。
Check out our latest analysis for Suqian UnitechLtd
查看我們對宿遷聯合技術有限公司的最新分析
How To Calculate Return On Equity?
如何計算股本回報率？
ROE can be calculated by using the formula:
可使用以下公式計算淨資產收益率：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率=(持續經營的)淨利潤？股東權益
So, based on the above formula, the ROE for Suqian UnitechLtd is:
因此，根據上述公式，宿遷聯合技術有限公司的淨資產收益率為：
9.9% = CN¥212m ÷ CN¥2.1b (Based on the trailing twelve months to March 2023).
9.9%=CN元2.12億×CN元21億元(基於截至2023年3月的12個月)。
The 'return' refers to a company's earnings over the last year. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.10 in profit.
“回報”指的是一家公司過去一年的收益。這意味著，每增加價值1元的股東權益，公司就會產生0.10元的利潤。
What Has ROE Got To Do With Earnings Growth?
淨資產收益率與盈利增長有什麼關係？
So far, we've learned that ROE is a measure of a company's profitability. 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 all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
到目前為止，我們瞭解到淨資產收益率是衡量一家公司盈利能力的指標。根據公司將這些利潤再投資或“保留”多少，以及這樣做的效率如何，我們就能夠評估一家公司的收益增長潛力。假設其他條件相同，與沒有相同特徵的公司相比，擁有更高股本回報率和更高利潤保留率的公司通常會有更高的增長率。
A Side By Side comparison of Suqian UnitechLtd's Earnings Growth And 9.9% ROE
宿遷聯合科技股份有限公司盈利增長與9.9%淨資產收益率的並列比較
At first glance, Suqian UnitechLtd's ROE doesn't look very promising. However, given that the company's ROE is similar to the average industry ROE of 8.4%, we may spare it some thought. Looking at Suqian UnitechLtd's exceptional 25% five-year net income growth in particular, we are definitely impressed. Considering the moderately low ROE, it is quite possible that there might be some other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place.
乍一看，宿遷聯合科技股份有限公司的淨資產收益率看起來並不是很有希望。然而，鑑於該公司的淨資產收益率(ROE)與8.4%的行業平均ROE相似，我們或許可以省去一些思考。尤其是宿遷紫光科技有限公司近五年25%的超高淨利潤增長，給我們留下了深刻印象。考慮到較低的淨資產收益率，很有可能還有一些其他方面正在積極影響公司的收益增長。例如-高收益留存或有效的管理到位。
As a next step, we compared Suqian UnitechLtd'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，我們將宿遷聯合技術有限公司的淨收入增長與行業進行了比較，令人欣喜的是，我們發現該公司看到的增長高於行業平均16%的增長。
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 Suqian UnitechLtd fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增長是股票估值的一個重要因素。投資者應該嘗試確定預期的收益增長或下降是否已計入價格，無論是哪種情況。這有助於他們確定這只股票是為光明還是黯淡的未來做準備。與其他公司相比，宿遷聯合技術有限公司的價值是否公平？這3個估值指標可能會幫助你做出決定。
Is Suqian UnitechLtd Making Efficient Use Of Its Profits?
宿遷聯合科技有限公司是否有效地利用了利潤？
Suqian UnitechLtd has a three-year median payout ratio of 35% (where it is retaining 65% of its income) which is not too low or not too high. By the looks of it, the dividend is well covered and Suqian UnitechLtd is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above.
宿遷聯合科技有限公司的三年中值派息率為35%(該公司保留了65%的收入)，這不是太低也不是太高。從表面上看，股息得到了很好的覆蓋，宿遷聯合技術有限公司正在有效地將利潤進行再投資，這一點從我們上面討論的非凡增長中可見一斑。
Summary
摘要
On the whole, we do feel that Suqian UnitechLtd has some positive attributes. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. Our risks dashboard will have the 1 risk we have identified for Suqian UnitechLtd.
總體而言，我們確實覺得宿遷聯合科技有限公司有一些積極的屬性。憑藉高再投資率，儘管淨資產收益率較低，該公司的收益實現了相當大的增長。雖然我們不會完全解僱這家公司，但我們要做的是努力確定這項業務在公司周圍做出更明智的決定的風險有多大。我們的風險控制面板將包含我們為宿遷聯合技術有限公司確定的1個風險。
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本文由Simply Wall St.撰寫，具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論，我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議，也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意，我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。