<p>龙工控股（HKG:3339）的股票在过去三个月上涨了 8.9%。我们想知道公司的财务状况在这一价格变化中扮演了什么角色，因为公司的长期基本面通常决定市场结果。在本文中，我们决定关注龙工控股的股本回报率（ROE）。</p>
<p>股本回报率（ROE）是评估公司管理层如何有效利用公司资本的关键指标。换句话说，它是一个盈利能力比率，衡量公司股东提供的资本的回报率。</p>
<p>人工智能即将改变医疗保健。这 20 只股票正在从早期诊断到药物发现等各个方面进行工作。最棒的是——它们的市值都在 100 亿美元以下——现在仍然有机会提前投资。</p>
<h2>如何计算股本回报率？</h2>
<p><strong>ROE 的公式是：</strong></p>
<p>股本回报率 = 净利润（来自持续经营）÷ 股东权益</p>
<p>因此，根据上述公式，龙工控股的 ROE 为：</p>
<p>11% = CN¥12 亿 ÷ CN¥110 亿（基于截至 2025 年 6 月的过去十二个月）。</p>
<p>“回报” 是过去十二个月税后赚取的金额。可以这样理解，对于每 1 港元的股东资本，公司赚取了 0.11 港元的利润。</p>
<p>查看我们对龙工控股的最新分析</p>
<h2>ROE 与盈利增长有什么关系？</h2>
<p>我们已经确定，ROE 作为公司未来盈利的有效利润生成指标。根据公司选择再投资或 “保留” 的利润比例，我们能够评估公司未来产生利润的能力。一般来说，其他条件相同，具有高股本回报率和利润保留的公司，其增长率高于不具备这些特征的公司。</p>
<h2>龙工控股的盈利增长与 11% ROE 的并列比较</h2>
<p>首先，龙工控股的 ROE 看起来是可以接受的。特别是与行业平均水平 8.8% 相比，该公司的 ROE 显得相当出色。不用说，我们对龙工控股的净收入在过去五年中以 20% 的速度缩减感到相当惊讶。因此，可能还有其他方面可以解释这一点。例如，公司将大量利润作为股息支付，或者面临竞争压力。</p>
<p>话虽如此，我们将龙工控股的表现与行业进行了比较，当我们发现公司缩减了盈利，而行业在同一五年期间以 6.1% 的速度增长时，我们感到担忧。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/24349913-past-earnings-growth-1-dark-2/1763676883180?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/24349913-past-earnings-growth-1-dark-2/1763676883180"/></p>
<p>SEHK:3339 过去的盈利增长 2025 年 11 月 20 日</p>
<p>对公司的估值在很大程度上与其盈利增长相关。投资者接下来需要确定的是，预期的盈利增长或缺乏盈利增长是否已经反映在股价中。这样做将帮助他们判断股票的未来是看好还是不妙。如果你对龙工控股的估值感到好奇，可以查看其市盈率与行业的比较。</p>
<h2>龙工控股是否有效利用其利润？</h2>
<p>龙工控股的三年中位数派息率高达 51%（意味着 49% 的利润被保留），大部分利润都支付给了股东，这解释了公司的盈利缩减。由于只有少量资金被再投资于业务，盈利增长显然会很低或根本不存在。</p>
<p>此外，龙工控股在至少十年的时间里支付了股息，这意味着公司的管理层决心支付股息，即使这意味着几乎没有盈利增长。在研究最新的分析师共识数据时，我们发现公司预计在未来三年内将继续支付约 48% 的利润。因此，龙工控股的 ROE 预计也不会有太大变化，我们从分析师对未来 ROE 的 12% 的估计中得出这一结论。</p>
<h2>结论</h2>
<p>总体来看，龙工控股的业务似乎有一些积极的方面。然而，低盈利增长令人担忧，尤其是考虑到公司有较高的回报率。如果公司能够再投资更多的盈利，投资者本可以从高 ROE 中受益。如前所述，公司保留了少量利润。话虽如此，我们研究了最新的分析师预测，发现尽管公司过去的盈利有所缩减，但分析师预计其未来盈利将会增长。这些分析师的预期是基于行业的广泛预期，还是基于公司的基本面？点击这里查看我们对该公司的分析师预测页面。</p>

中国龙工

<p>龙工控股有限公司的股票在三个月内上涨了 8.9%，可能受到其财务基本面的推动。该公司的净资产收益率（ROE）为 11%，高于行业平均水平的 8.8%，但其净收入在五年内缩水了 20%。尽管分红支付较高，分析师仍预计未来盈利增长。该公司仅保留 49% 的利润，限制了再投资和盈利增长</p>

<p>Lonking Holdings' (HKG:3339) stock up by 8.9% over the past three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on Lonking Holdings' ROE.</p>
<div class="lb-trans"><p>龙工控股（HKG:3339）的股票在过去三个月上涨了 8.9%。我们想知道公司的财务状况在这一价格变化中扮演了什么角色，因为公司的长期基本面通常决定市场结果。在本文中，我们决定关注龙工控股的股本回报率（ROE）。</p>
</div><p>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.</p>
<div class="lb-trans"><p>股本回报率（ROE）是评估公司管理层如何有效利用公司资本的关键指标。换句话说，它是一个盈利能力比率，衡量公司股东提供的资本的回报率。</p>
</div><p>AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.</p>
<div class="lb-trans"><p>人工智能即将改变医疗保健。这 20 只股票正在从早期诊断到药物发现等各个方面进行工作。最棒的是——它们的市值都在 100 亿美元以下——现在仍然有机会提前投资。</p>
</div><h2>How Do You Calculate Return On Equity?</h2>
<div class="lb-trans"><h2>如何计算股本回报率？</h2>
</div><p>The <strong>formula for ROE</strong> is:</p>
<div class="lb-trans"><p><strong>ROE 的公式是：</strong></p>
</div><p>Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity</p>
<div class="lb-trans"><p>股本回报率 = 净利润（来自持续经营）÷ 股东权益</p>
</div><p>So, based on the above formula, the ROE for Lonking Holdings is:</p>
<div class="lb-trans"><p>因此，根据上述公式，龙工控股的 ROE 为：</p>
</div><p>11% = CN¥1.2b ÷ CN¥11b (Based on the trailing twelve months to June 2025).</p>
<div class="lb-trans"><p>11% = CN¥12 亿 ÷ CN¥110 亿（基于截至 2025 年 6 月的过去十二个月）。</p>
</div><p>The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each HK$1 of shareholders' capital it has, the company made HK$0.11 in profit.</p>
<div class="lb-trans"><p>“回报” 是过去十二个月税后赚取的金额。可以这样理解，对于每 1 港元的股东资本，公司赚取了 0.11 港元的利润。</p>
</div><p>Check out our latest analysis for Lonking Holdings</p>
<div class="lb-trans"><p>查看我们对龙工控股的最新分析</p>
</div><h2>What Has ROE Got To Do With Earnings Growth?</h2>
<div class="lb-trans"><h2>ROE 与盈利增长有什么关系？</h2>
</div><p>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 &#34;retain&#34;, we are then able to evaluate a company's future ability to generate profits. 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.</p>
<div class="lb-trans"><p>我们已经确定，ROE 作为公司未来盈利的有效利润生成指标。根据公司选择再投资或 “保留” 的利润比例，我们能够评估公司未来产生利润的能力。一般来说，其他条件相同，具有高股本回报率和利润保留的公司，其增长率高于不具备这些特征的公司。</p>
</div><h2>A Side By Side comparison of Lonking Holdings' Earnings Growth And 11% ROE</h2>
<div class="lb-trans"><h2>龙工控股的盈利增长与 11% ROE 的并列比较</h2>
</div><p>To start with, Lonking Holdings' ROE looks acceptable. Especially when compared to the industry average of 8.8% the company's ROE looks pretty impressive. Needless to say, we are quite surprised to see that Lonking Holdings' net income shrunk at a rate of 20% over the past five years. Therefore, there might be some other aspects that could explain this. Such as, the company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures.</p>
<div class="lb-trans"><p>首先，龙工控股的 ROE 看起来是可以接受的。特别是与行业平均水平 8.8% 相比，该公司的 ROE 显得相当出色。不用说，我们对龙工控股的净收入在过去五年中以 20% 的速度缩减感到相当惊讶。因此，可能还有其他方面可以解释这一点。例如，公司将大量利润作为股息支付，或者面临竞争压力。</p>
</div><p>That being said, we compared Lonking Holdings' performance with the industry and were concerned when we found that while the company has shrunk its earnings, the industry has grown its earnings at a rate of 6.1% in the same 5-year period.</p>
<div class="lb-trans"><p>话虽如此，我们将龙工控股的表现与行业进行了比较，当我们发现公司缩减了盈利，而行业在同一五年期间以 6.1% 的速度增长时，我们感到担忧。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/24349913-past-earnings-growth-1-dark-2/1763676883180" alt="" original-src="https://images.simplywall.st/asset/chart/24349913-past-earnings-growth-1-dark-2/1763676883180"/></p>
<p>SEHK:3339 Past Earnings Growth November 20th 2025</p>
<div class="lb-trans"><p>SEHK:3339 过去的盈利增长 2025 年 11 月 20 日</p>
</div><p>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. If you're wondering about Lonking Holdings''s valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.</p>
<div class="lb-trans"><p>对公司的估值在很大程度上与其盈利增长相关。投资者接下来需要确定的是，预期的盈利增长或缺乏盈利增长是否已经反映在股价中。这样做将帮助他们判断股票的未来是看好还是不妙。如果你对龙工控股的估值感到好奇，可以查看其市盈率与行业的比较。</p>
</div><h2>Is Lonking Holdings Making Efficient Use Of Its Profits?</h2>
<div class="lb-trans"><h2>龙工控股是否有效利用其利润？</h2>
</div><p>With a high three-year median payout ratio of 51% (implying that 49% of the profits are retained), most of Lonking Holdings' profits are being paid to shareholders, which explains the company's shrinking earnings. With only a little being reinvested into the business, earnings growth would obviously be low or non-existent.</p>
<div class="lb-trans"><p>龙工控股的三年中位数派息率高达 51%（意味着 49% 的利润被保留），大部分利润都支付给了股东，这解释了公司的盈利缩减。由于只有少量资金被再投资于业务，盈利增长显然会很低或根本不存在。</p>
</div><p>Additionally, Lonking Holdings has paid dividends over a period of at least ten years, which means that the company's management is determined to pay dividends even if it means little to no earnings growth. Upon studying the latest analysts' consensus data, we found that the company is expected to keep paying out approximately 48% of its profits over the next three years. As a result, Lonking Holdings' ROE is not expected to change by much either, which we inferred from the analyst estimate of 12% for future ROE.</p>
<div class="lb-trans"><p>此外，龙工控股在至少十年的时间里支付了股息，这意味着公司的管理层决心支付股息，即使这意味着几乎没有盈利增长。在研究最新的分析师共识数据时，我们发现公司预计在未来三年内将继续支付约 48% 的利润。因此，龙工控股的 ROE 预计也不会有太大变化，我们从分析师对未来 ROE 的 12% 的估计中得出这一结论。</p>
</div><h2>Conclusion</h2>
<div class="lb-trans"><h2>结论</h2>
</div><p>In total, it does look like Lonking Holdings has some positive aspects to its business. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return. Investors could have benefitted from the high ROE, had the company been reinvesting more of its earnings. As discussed earlier, the company is retaining a small portion of its profits. With that said, we studied the latest analyst forecasts and found that while the company has shrunk its earnings in the past, analysts expect its earnings to grow in the future. 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.</p>
<div class="lb-trans"><p>总体来看，龙工控股的业务似乎有一些积极的方面。然而，低盈利增长令人担忧，尤其是考虑到公司有较高的回报率。如果公司能够再投资更多的盈利，投资者本可以从高 ROE 中受益。如前所述，公司保留了少量利润。话虽如此，我们研究了最新的分析师预测，发现尽管公司过去的盈利有所缩减，但分析师预计其未来盈利将会增长。这些分析师的预期是基于行业的广泛预期，还是基于公司的基本面？点击这里查看我们对该公司的分析师预测页面。</p>
</div>

中国龙工控股有限公司（HKG:3339）股价处于上升趋势：是否由基本面推动？