Jiayuan Science and Technology Co.,Ltd. (SZSE:301117) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
Jiayuan Science and Technology Co.,Ltd. (SZSE:301117) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
It is hard to get excited after looking at Jiayuan Science and TechnologyLtd's (SZSE:301117) recent performance, when its stock has declined 22% over the past three months. 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 Jiayuan Science and TechnologyLtd's ROE in this article.
看到世纪佳缘科技股份有限公司(SZSE：301117)最近的表现，很难感到兴奋，其股价在过去三个月里下跌了22%。但如果你密切关注，你可能会发现，该公司的关键财务指标看起来相当不错，这可能意味着，鉴于市场通常会奖励更具弹性的长期基本面因素，该股可能会在长期内上涨。具体地说，我们决定在本文中研究世纪佳缘科技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 short, ROE shows the profit each dollar generates with respect to its shareholder investments.
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，净资产收益率显示了每一美元相对于其股东投资产生的利润。
See our latest analysis for Jiayuan Science and TechnologyLtd
查看我们对世纪佳缘科技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？
ROE can be calculated by using the formula:
可使用以下公式计算净资产收益率：
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 Jiayuan Science and TechnologyLtd is:
因此，根据上述公式，世纪佳缘科技有限公司的净资产收益率为：
3.5% = CN¥46m ÷ CN¥1.3b (Based on the trailing twelve months to June 2023).
3.5%=4600万元×13亿元(以截至2023年6月的12个月为基础)。
The 'return' refers to a company's earnings over the last year. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.03 in profit.
“回报”指的是一家公司过去一年的收益。一种概念化的方法是，公司每拥有1元人民币的股东资本，就会获得0.03元人民币的利润。
Why Is ROE Important For Earnings Growth?
为什么净资产收益率对收益增长很重要？
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.
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。根据公司将这些利润再投资或“保留”多少，以及这样做的效率如何，我们就能够评估一家公司的收益增长潜力。假设其他条件不变，净资产收益率和利润保留率越高，与不一定具有这些特征的公司相比，公司的增长率就越高。
A Side By Side comparison of Jiayuan Science and TechnologyLtd's Earnings Growth And 3.5% ROE
世纪佳缘盈利增长与净资产收益率3.5%的并列比较
It is quite clear that Jiayuan Science and TechnologyLtd's ROE is rather low. Not just that, even compared to the industry average of 6.3%, the company's ROE is entirely unremarkable. In spite of this, Jiayuan Science and TechnologyLtd was able to grow its net income considerably, at a rate of 25% in the last five years. We reckon that there could be other factors at play here. Such as - high earnings retention or an efficient management in place.
很明显，世纪佳缘科技股份有限公司的净资产收益率相当低。不仅如此，即使与6.3%的行业平均水平相比，该公司的净资产收益率也完全不起眼。尽管如此，世纪佳缘科技有限公司的净收入在过去五年中以25%的速度大幅增长。我们认为，可能还有其他因素在起作用。例如-高收益留存或有效的管理到位。
Next, on comparing with the industry net income growth, we found that Jiayuan Science and TechnologyLtd's growth is quite high when compared to the industry average growth of 8.6% in the same period, which is great to see.
接下来，对比行业净收入增长，我们发现世纪佳缘科技有限公司的增长与同期8.6%的行业平均增长相比是相当高的，这是令人欣喜的。
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. If you're wondering about Jiayuan Science and TechnologyLtd'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。如果你想知道世纪佳缘科技有限公司的估值，看看这个衡量其市盈率的指标，与其行业相比。
Is Jiayuan Science and TechnologyLtd Efficiently Re-investing Its Profits?
世纪佳缘科技有限公司是否有效地将利润进行了再投资？
Jiayuan Science and TechnologyLtd's three-year median payout ratio is a pretty moderate 30%, meaning the company retains 70% of its income. This suggests that its dividend is well covered, and given the high growth we discussed above, it looks like Jiayuan Science and TechnologyLtd is reinvesting its earnings efficiently.
世纪佳缘科技有限公司的三年派息率中值为30%，相当适中，这意味着该公司保留了70%的收入。这表明其股息得到了很好的覆盖，考虑到我们上面讨论的高增长，世纪佳缘科技有限公司似乎正在有效地对其收益进行再投资。
Along with seeing a growth in earnings, Jiayuan Science and TechnologyLtd only recently started paying dividends. Its quite possible that the company was looking to impress its shareholders.
随着盈利的增长，世纪佳缘科技有限公司最近才开始分红。该公司很可能希望给股东留下深刻印象。
Summary
摘要
Overall, we feel that Jiayuan Science and TechnologyLtd certainly does have some positive factors to consider. Despite its low rate of return, the fact that the company reinvests a very high portion of its profits into its business, no doubt contributed to its high earnings growth. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
总体而言，我们认为世纪佳缘科技有限公司确实有一些积极的因素需要考虑。尽管回报率很低，但该公司将很高比例的利润再投资于业务，无疑是其高收益增长的原因。尽管如此，最新的行业分析师预测显示，该公司的收益预计将加速增长。要了解更多分析师对该公司的最新预测，请查看分析师对该公司预测的可视化。
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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。