<p>云工场科技控股（HKG:2512）的股价在过去一周上涨了相当可观的 19%。众所周知，基本面通常是指导市场价格长期波动的因素，因此我们决定今天查看公司的关键财务指标，以确定它们在最近的价格波动中是否发挥了作用。在本文中，我们决定重点关注云工场科技控股的股本回报率（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>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展将受益。</p>
<h2>ROE 是如何计算的？</h2>
<p><strong>股本回报率可以通过以下公式计算：</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，云工场科技控股的 ROE 为：</p>
<p>3.5% = CN¥1500 万 ÷ CN¥4.19 亿（基于截至 2025 年 6 月的过去十二个月）。</p>
<p>“回报” 是过去十二个月的利润。换句话说，对于每 1 港元的股本，公司能够赚取 0.04 港元的利润。</p>
<p>查看我们对云工场科技控股的最新分析</p>
<h2>ROE 与盈利增长有什么关系？</h2>
<p>到目前为止，我们了解到 ROE 衡量公司产生利润的效率。我们现在需要评估公司再投资或 “保留” 多少利润以实现未来增长，这将给我们提供关于公司增长潜力的想法。假设其他条件不变，ROE 和利润保留越高，公司的增长率就越高，相较于那些不具备这些特征的公司。</p>
<h2>云工场科技控股的盈利增长与 3.5% ROE</h2>
<p>很难说云工场科技控股的 ROE 本身有多好。即使与行业平均水平 5.6% 相比，ROE 数字也相当令人失望。尽管如此，我们可以看到云工场科技控股在过去五年中实现了 6.3% 的温和净收入增长。因此，盈利增长可能是由其他变量造成的，例如高盈利保留或高效的管理。</p>
<p>考虑到行业盈利在同一五年期间以 13% 的速度萎缩，该公司的净收入增长相当显著。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/1880899303-past-earnings-growth-1-dark-2/1767221246168?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/1880899303-past-earnings-growth-1-dark-2/1767221246168"/></p>
<p>SEHK:2512 过去的盈利增长截至 2025 年 12 月 31 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。通过这样做，他们将能够判断该股票是走向一片晴朗的水域，还是面临泥泞的水域。云工场科技控股与其他公司相比是否被合理估值？这三个估值指标可能会帮助你做出决定。</p>
<h2>云工场科技控股是否有效地再投资其利润？</h2>
<p>鉴于云工场科技控股不向股东支付任何定期股息，我们推断该公司一直在将所有利润再投资以发展其业务。</p>
<h2>总结</h2>
<p>总体而言，我们确实认为云工场科技控股具有一些积极的特征。尽管回报率较低，但由于大量再投资于业务，公司实现了令人印象深刻的盈利增长。虽然我们不会完全否定该公司，但我们会尝试评估该业务的风险，以便对公司做出更明智的决策。您可以通过访问我们平台上的 <strong>风险仪表板</strong> 免费查看我们为云工场科技控股识别的一个风险。</p>
<p>国防和灾难的移动基础设施</p>
<p>下一波机器人技术不是类人型的。它是完全自主的塔，在 30 分钟内提供 5G、ISR 和雷达，随时随地。</p>
<p>在下一轮合同之前获取投资者简报</p>
<p>由 CiTech 赞助</p>

云工场

<p>云工场科技控股（HKG:2512）在过去一周的股价上涨了 19%。该公司的股本回报率（ROE）为 3.5%，低于行业平均水平 5.6%。尽管如此，该公司在过去五年中实现了 6.3% 的温和净收入增长，这归因于高收益留存和高效管理。该公司将利润再投资于增长，因为它不支付定期股息。投资者应根据公司的盈利增长潜力评估其风险和估值</p>

<p>Cloud Factory Technology Holdings' (HKG:2512) stock is up by a considerable 19% over the past week. As most would know, fundamentals are what usually guide market price movements over the long-term, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. In this article, we decided to focus on Cloud Factory Technology Holdings' ROE.</p>
<div class="lb-trans"><p>云工场科技控股（HKG:2512）的股价在过去一周上涨了相当可观的 19%。众所周知，基本面通常是指导市场价格长期波动的因素，因此我们决定今天查看公司的关键财务指标，以确定它们在最近的价格波动中是否发挥了作用。在本文中，我们决定重点关注云工场科技控股的股本回报率（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>Trump has pledged to &#34;unleash&#34; American oil and gas and these 15 US stocks have developments that are poised to benefit.</p>
<div class="lb-trans"><p>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展将受益。</p>
</div><h2>How Is ROE Calculated?</h2>
<div class="lb-trans"><h2>ROE 是如何计算的？</h2>
</div><p><strong>Return on equity can be calculated by using the formula:</strong></p>
<div class="lb-trans"><p><strong>股本回报率可以通过以下公式计算：</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 Cloud Factory Technology Holdings is:</p>
<div class="lb-trans"><p>因此，根据上述公式，云工场科技控股的 ROE 为：</p>
</div><p>3.5% = CN¥15m ÷ CN¥419m (Based on the trailing twelve months to June 2025).</p>
<div class="lb-trans"><p>3.5% = CN¥1500 万 ÷ CN¥4.19 亿（基于截至 2025 年 6 月的过去十二个月）。</p>
</div><p>The 'return' is the profit over the last twelve months. Another way to think of that is that for every HK$1 worth of equity, the company was able to earn HK$0.04 in profit.</p>
<div class="lb-trans"><p>“回报” 是过去十二个月的利润。换句话说，对于每 1 港元的股本，公司能够赚取 0.04 港元的利润。</p>
</div><p>See our latest analysis for Cloud Factory Technology Holdings</p>
<div class="lb-trans"><p>查看我们对云工场科技控股的最新分析</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>Thus far, we have learned that ROE measures how efficiently a company is generating its profits. We now need to evaluate how much profit the company reinvests or &#34;retains&#34; for future growth which then gives us an idea about the growth potential of the company. 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.</p>
<div class="lb-trans"><p>到目前为止，我们了解到 ROE 衡量公司产生利润的效率。我们现在需要评估公司再投资或 “保留” 多少利润以实现未来增长，这将给我们提供关于公司增长潜力的想法。假设其他条件不变，ROE 和利润保留越高，公司的增长率就越高，相较于那些不具备这些特征的公司。</p>
</div><h2>Cloud Factory Technology Holdings' Earnings Growth And 3.5% ROE</h2>
<div class="lb-trans"><h2>云工场科技控股的盈利增长与 3.5% ROE</h2>
</div><p>It is hard to argue that Cloud Factory Technology Holdings' ROE is much good in and of itself. Even when compared to the industry average of 5.6%, the ROE figure is pretty disappointing. Although, we can see that Cloud Factory Technology Holdings saw a modest net income growth of 6.3% over the past five years. Therefore, the growth in earnings could probably have been caused by other variables. Such as - high earnings retention or an efficient management in place.</p>
<div class="lb-trans"><p>很难说云工场科技控股的 ROE 本身有多好。即使与行业平均水平 5.6% 相比，ROE 数字也相当令人失望。尽管如此，我们可以看到云工场科技控股在过去五年中实现了 6.3% 的温和净收入增长。因此，盈利增长可能是由其他变量造成的，例如高盈利保留或高效的管理。</p>
</div><p>When you consider the fact that the industry earnings have shrunk at a rate of 13% in the same 5-year period, the company's net income growth is pretty remarkable.</p>
<div class="lb-trans"><p>考虑到行业盈利在同一五年期间以 13% 的速度萎缩，该公司的净收入增长相当显著。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/1880899303-past-earnings-growth-1-dark-2/1767221246168" alt="" original-src="https://images.simplywall.st/asset/chart/1880899303-past-earnings-growth-1-dark-2/1767221246168"/></p>
<p>SEHK:2512 Past Earnings Growth December 31st 2025</p>
<div class="lb-trans"><p>SEHK:2512 过去的盈利增长截至 2025 年 12 月 31 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. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Cloud Factory Technology Holdings fairly valued compared to other companies? These 3 valuation measures might help you decide.</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。通过这样做，他们将能够判断该股票是走向一片晴朗的水域，还是面临泥泞的水域。云工场科技控股与其他公司相比是否被合理估值？这三个估值指标可能会帮助你做出决定。</p>
</div><h2>Is Cloud Factory Technology Holdings Efficiently Re-investing Its Profits?</h2>
<div class="lb-trans"><h2>云工场科技控股是否有效地再投资其利润？</h2>
</div><p>Given that Cloud Factory Technology Holdings 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.</p>
<div class="lb-trans"><p>鉴于云工场科技控股不向股东支付任何定期股息，我们推断该公司一直在将所有利润再投资以发展其业务。</p>
</div><h2>Summary</h2>
<div class="lb-trans"><h2>总结</h2>
</div><p>On the whole, we do feel that Cloud Factory Technology Holdings has some positive attributes. Even in spite of the low rate of return, the company has posted impressive earnings growth as a result of reinvesting heavily into its business. 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. You can see the 1 risk we have identified for Cloud Factory Technology Holdings by visiting our <strong>risks dashboard</strong> for free on our platform here.</p>
<div class="lb-trans"><p>总体而言，我们确实认为云工场科技控股具有一些积极的特征。尽管回报率较低，但由于大量再投资于业务，公司实现了令人印象深刻的盈利增长。虽然我们不会完全否定该公司，但我们会尝试评估该业务的风险，以便对公司做出更明智的决策。您可以通过访问我们平台上的 <strong>风险仪表板</strong> 免费查看我们为云工场科技控股识别的一个风险。</p>
</div><p>Mobile Infrastructure for Defense and Disaster</p>
<div class="lb-trans"><p>国防和灾难的移动基础设施</p>
</div><p>The next wave in robotics isn't humanoid. Its fully autonomous towers delivering 5G, ISR, and radar in under 30 minutes, anywhere.</p>
<div class="lb-trans"><p>下一波机器人技术不是类人型的。它是完全自主的塔，在 30 分钟内提供 5G、ISR 和雷达，随时随地。</p>
</div><p>Get the investor briefing before the next round of contracts</p>
<div class="lb-trans"><p>在下一轮合同之前获取投资者简报</p>
</div><p>Sponsored On Behalf of CiTech</p>
<div class="lb-trans"><p>由 CiTech 赞助</p>
</div>

云工场科技控股有限公司（HKG:2512）的股票正在上涨：是否是基本面在推动这一趋势？