<p>在過去三個月中，TUHU 汽車（HKG:9690）的股價下跌了 15%，這使得人們很容易忽視它。但如果你仔細觀察，你可能會發現其強勁的財務狀況意味着該股票在長期內可能會增值，因為市場通常會獎勵財務健康的公司。具體來説，我們決定在本文中研究 TUHU 汽車的股本回報率（ROE）。</p>
<p>股本回報率（ROE）是股東需要考慮的重要因素，因為它告訴他們資本再投資的有效性。簡單來説，它用於評估公司相對於其股本的盈利能力。</p>
<p>人工智能即將改變醫療保健。這 20 只股票正在從早期診斷到藥物發現等各個方面進行工作。最棒的是——它們的市值都在 100 億美元以下——現在仍然有機會提前投資。</p>
<h2>如何計算股本回報率？</h2>
<p><strong>股本回報率的公式</strong> 是：</p>
<p>股本回報率 = 淨利潤（來自持續經營）÷ 股東權益</p>
<p>因此，根據上述公式，TUHU 汽車的 ROE 為：</p>
<p>10% = CN¥504 百萬 ÷ CN¥50 億（基於截至 2025 年 6 月的過去十二個月）。</p>
<p>“回報” 是企業在過去一年中賺取的收入。可以這樣理解：對於每 1 港元的股東資本，公司賺取了 0.10 港元的利潤。</p>
<p>查看我們對 TUHU 汽車的最新分析</p>
<h2>ROE 與盈利增長有什麼關係？</h2>
<p>我們已經確定 ROE 作為公司未來盈利的有效利潤生成指標。根據公司選擇再投資或 “保留” 的利潤比例，我們能夠評估公司未來產生利潤的能力。假設其他條件相同，具有更高股本回報率和更高利潤保留的公司通常與沒有相同特徵的公司相比，增長率更高。</p>
<h2>TUHU 汽車的盈利增長與 10% ROE 的並排比較</h2>
<p>乍一看，TUHU 汽車的 ROE 似乎並不那麼吸引人。然而，公司的 ROE 高於行業平均 ROE 8.1% 這一事實，確實引人注目。特別是，TUHU 汽車在過去五年中實現了 58% 的淨收入增長，這令人印象深刻。請記住，該公司的 ROE 適中偏低。只是行業的 ROE 更低。因此，盈利增長也可能是其他因素的結果，例如高盈利保留或公司屬於高增長行業。</p>
<p>然後我們將 TUHU 汽車的淨收入增長與行業進行了比較，我們很高興地看到公司的增長數字高於行業，在同一五年期間，行業的增長率為 3.6%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/1805740102-past-earnings-growth-1-dark-2/1769211754207?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/1805740102-past-earnings-growth-1-dark-2/1769211754207"/></p>
<p>SEHK:9690 過去的盈利增長 2026 年 1 月 23 日</p>
<p>為公司附加價值的基礎在很大程度上與其盈利增長相關。投資者應該嘗試確定預期的盈利增長或下降，無論是哪種情況，是否已經反映在價格中。這樣做將幫助他們判斷該股票的未來是光明還是暗淡。如果你想了解 TUHU 汽車的估值，可以查看其市盈率與行業的比較。</p>
<h2>TUHU 汽車是否有效利用其留存收益？</h2>
<p>鑑於 TUHU 汽車不向股東支付任何定期股息，我們推測該公司一直在將所有利潤再投資以發展其業務。</p>
<h2>總結</h2>
<p>總體而言，我們認為 TUHU 汽車的表現相當不錯。特別是，看到公司在可觀的 ROE 和高再投資率的支持下實現了顯著的盈利增長，令人欣慰。儘管如此，最新的行業分析師預測顯示，該公司的盈利增長預計將放緩。要了解更多關於公司未來盈利增長預測的信息，請查看這份關於公司分析師預測的 <strong>免費</strong> 報告。</p>

途虎-W

<p>途虎汽車公司 (HKG:9690) 在過去三個月的股價下跌了 15%，但其強勁的財務狀況表明潛在的長期價值。公司的股本回報率 (ROE) 為 10%，超過行業平均水平 8.1%。途虎汽車在過去五年中實現了顯著的 58% 的淨收入增長，表明其有效地再投資利潤。儘管預計盈利增長將放緩，但由於其高再投資率和可觀的 ROE，公司表現依然令人期待</p>

<p>With its stock down 15% over the past three months, it is easy to disregard TUHU Car (HKG:9690). But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Specifically, we decided to study TUHU Car's ROE in this article.</p>
<div class="lb-trans"><p>在過去三個月中，TUHU 汽車（HKG:9690）的股價下跌了 15%，這使得人們很容易忽視它。但如果你仔細觀察，你可能會發現其強勁的財務狀況意味着該股票在長期內可能會增值，因為市場通常會獎勵財務健康的公司。具體來説，我們決定在本文中研究 TUHU 汽車的股本回報率（ROE）。</p>
</div><p>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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.</p>
<div class="lb-trans"><p>股本回報率（ROE）是股東需要考慮的重要因素，因為它告訴他們資本再投資的有效性。簡單來説，它用於評估公司相對於其股本的盈利能力。</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>人工智能即將改變醫療保健。這 20 只股票正在從早期診斷到藥物發現等各個方面進行工作。最棒的是——它們的市值都在 100 億美元以下——現在仍然有機會提前投資。</p>
</div><h2>How Do You Calculate Return On Equity?</h2>
<div class="lb-trans"><h2>如何計算股本回報率？</h2>
</div><p>The <strong>formula for return on equity</strong> is:</p>
<div class="lb-trans"><p><strong>股本回報率的公式</strong> 是：</p>
</div><p>Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity</p>
<div class="lb-trans"><p>股本回報率 = 淨利潤（來自持續經營）÷ 股東權益</p>
</div><p>So, based on the above formula, the ROE for TUHU Car is:</p>
<div class="lb-trans"><p>因此，根據上述公式，TUHU 汽車的 ROE 為：</p>
</div><p>10% = CN¥504m ÷ CN¥5.0b (Based on the trailing twelve months to June 2025).</p>
<div class="lb-trans"><p>10% = CN¥504 百萬 ÷ CN¥50 億（基於截至 2025 年 6 月的過去十二個月）。</p>
</div><p>The 'return' is the income the business earned over the last year. One way to conceptualize this is that for each HK$1 of shareholders' capital it has, the company made HK$0.10 in profit.</p>
<div class="lb-trans"><p>“回報” 是企業在過去一年中賺取的收入。可以這樣理解：對於每 1 港元的股東資本，公司賺取了 0.10 港元的利潤。</p>
</div><p>See our latest analysis for TUHU Car</p>
<div class="lb-trans"><p>查看我們對 TUHU 汽車的最新分析</p>
</div><h2>What Has ROE Got To Do With Earnings Growth?</h2>
<div class="lb-trans"><h2>ROE 與盈利增長有什麼關係？</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. 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.</p>
<div class="lb-trans"><p>我們已經確定 ROE 作為公司未來盈利的有效利潤生成指標。根據公司選擇再投資或 “保留” 的利潤比例，我們能夠評估公司未來產生利潤的能力。假設其他條件相同，具有更高股本回報率和更高利潤保留的公司通常與沒有相同特徵的公司相比，增長率更高。</p>
</div><h2>A Side By Side comparison of TUHU Car's Earnings Growth And 10% ROE</h2>
<div class="lb-trans"><h2>TUHU 汽車的盈利增長與 10% ROE 的並排比較</h2>
</div><p>When you first look at it, TUHU Car's ROE doesn't look that attractive. However, the fact that the company's ROE is higher than the average industry ROE of 8.1%, is definitely interesting. Particularly, the substantial 58% net income growth seen by TUHU Car over the past five years is impressive . Bear in mind, the company does have a moderately low ROE. It is just that the industry ROE is lower. Therefore, the growth in earnings could also be the result of other factors. Such as- high earnings retention or the company belonging to a high growth industry.</p>
<div class="lb-trans"><p>乍一看，TUHU 汽車的 ROE 似乎並不那麼吸引人。然而，公司的 ROE 高於行業平均 ROE 8.1% 這一事實，確實引人注目。特別是，TUHU 汽車在過去五年中實現了 58% 的淨收入增長，這令人印象深刻。請記住，該公司的 ROE 適中偏低。只是行業的 ROE 更低。因此，盈利增長也可能是其他因素的結果，例如高盈利保留或公司屬於高增長行業。</p>
</div><p>We then compared TUHU Car'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 3.6% in the same 5-year period.</p>
<div class="lb-trans"><p>然後我們將 TUHU 汽車的淨收入增長與行業進行了比較，我們很高興地看到公司的增長數字高於行業，在同一五年期間，行業的增長率為 3.6%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/1805740102-past-earnings-growth-1-dark-2/1769211754207" alt="" original-src="https://images.simplywall.st/asset/chart/1805740102-past-earnings-growth-1-dark-2/1769211754207"/></p>
<p>SEHK:9690 Past Earnings Growth January 23rd 2026</p>
<div class="lb-trans"><p>SEHK:9690 過去的盈利增長 2026 年 1 月 23 日</p>
</div><p>The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about TUHU Car's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.</p>
<div class="lb-trans"><p>為公司附加價值的基礎在很大程度上與其盈利增長相關。投資者應該嘗試確定預期的盈利增長或下降，無論是哪種情況，是否已經反映在價格中。這樣做將幫助他們判斷該股票的未來是光明還是暗淡。如果你想了解 TUHU 汽車的估值，可以查看其市盈率與行業的比較。</p>
</div><h2>Is TUHU Car Using Its Retained Earnings Effectively?</h2>
<div class="lb-trans"><h2>TUHU 汽車是否有效利用其留存收益？</h2>
</div><p>Given that TUHU Car 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>鑑於 TUHU 汽車不向股東支付任何定期股息，我們推測該公司一直在將所有利潤再投資以發展其業務。</p>
</div><h2>Summary</h2>
<div class="lb-trans"><h2>總結</h2>
</div><p>On the whole, we feel that TUHU Car's performance has been quite good. In particular, it's great to see that the company has seen significant growth in its earnings backed by a respectable ROE and a high reinvestment rate. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. To know more about the company's future earnings growth forecasts take a look at this <strong>free</strong> report on analyst forecasts for the company to find out more.</p>
<div class="lb-trans"><p>總體而言，我們認為 TUHU 汽車的表現相當不錯。特別是，看到公司在可觀的 ROE 和高再投資率的支持下實現了顯著的盈利增長，令人欣慰。儘管如此，最新的行業分析師預測顯示，該公司的盈利增長預計將放緩。要了解更多關於公司未來盈利增長預測的信息，請查看這份關於公司分析師預測的 <strong>免費</strong> 報告。</p>
</div>

鑑於途虎-W (HKG:9690) 具有吸引力的財務前景，市場是否可能判斷錯誤？