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Wenzhou Hongfeng Electrical Alloy Co Stock

Wenzhou Hongfeng Electrical Alloy Co ROA 2024

Wenzhou Hongfeng Electrical Alloy Co ROA

0.01

Ticker

300283.SZ

ISIN

CNE100001F86

In 2024, Wenzhou Hongfeng Electrical Alloy Co's return on assets (ROA) was 0.01, a -39.84% increase from the 0.01 ROA in the previous year.

Wenzhou Hongfeng Electrical Alloy Co Aktienanalyse

What does Wenzhou Hongfeng Electrical Alloy Co do?

Wenzhou Hongfeng Electrical Alloy Co Ltd is a Chinese company that was founded in 2003. The main area of its business model is the manufacturing of electrical alloys and related products. Since its inception, the company has become a major provider of electrical alloy materials and high-quality products in this field. The company's history began in 2003 when a group of enthusiasts from the Wenzhou region decided to start their own company. The idea was to produce electrical alloys that would meet the market's demand for high-quality and high-performance materials. To implement this plan, a factory was established in Wenzhou, Zhejiang Province. Wenzhou Hongfeng Electrical Alloy Co Ltd's business model is focused on the manufacturing of electrical alloy materials and related products. The company is one of the leading manufacturers of alloys in China, offering a wide range of products tailored to the needs of customers. The various sectors in which the company operates include nickel-chrome alloys, rebuilding alloys, resistance wire, and special alloys. All of these products are specially designed to provide high performance and durability. The company also offers customized solutions for customers with specific requirements. Nickel-chrome alloys are the main product of Wenzhou Hongfeng Electrical Alloy Co Ltd. These alloys are primarily used in heating applications. The company produces a wide range of alloys with different properties such as corrosion resistance, heat resistance, and electrical conductivity. These alloys are used in various heating systems, such as ovens, heating plates, and heat treatment facilities. Rebuilding alloys are mainly used in cutting tools and molding tools. These alloys are characterized by their high hardness, wear resistance, and corrosion resistance. They are used in the construction and manufacturing of cutting tools, molds, and stamping tools. Resistance wire is another key product of Wenzhou Hongfeng Electrical Alloy Co Ltd. It is a special type of wire that has high electrical resistance values. This wire is used in various electrical applications, such as heating elements, resistance brakes, and heating devices. Special alloys are materials that have been specifically developed for certain applications. They are used in the aerospace and automotive industries. These alloys are characterized by their high strength, corrosion resistance, and durability, offering excellent performance properties. In summary, Wenzhou Hongfeng Electrical Alloy Co Ltd is a leading provider of electrical alloy materials and products. The company offers a wide range of products and solutions, known for its high quality and performance. Through its innovative technologies and advanced production processes, the company has established itself as a major player in the alloy industry. Wenzhou Hongfeng Electrical Alloy Co ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROA Details

Understanding Wenzhou Hongfeng Electrical Alloy Co's Return on Assets (ROA)

Wenzhou Hongfeng Electrical Alloy Co's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.

Year-to-Year Comparison

Comparing Wenzhou Hongfeng Electrical Alloy Co's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.

Impact on Investments

Investors consider Wenzhou Hongfeng Electrical Alloy Co's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.

Interpreting ROA Fluctuations

Variations in Wenzhou Hongfeng Electrical Alloy Co’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.

Frequently Asked Questions about Wenzhou Hongfeng Electrical Alloy Co stock

What is the Return on Assets (ROA) of Wenzhou Hongfeng Electrical Alloy Co this year?

The Return on Assets (ROA) of Wenzhou Hongfeng Electrical Alloy Co is 0.01 undefined this year.

What was the ROA of Wenzhou Hongfeng Electrical Alloy Co compared to the previous year?

The ROA of Wenzhou Hongfeng Electrical Alloy Co has increased by -39.84% compared to the previous year.

What consequences do high ROA have for investors of Wenzhou Hongfeng Electrical Alloy Co?

A high ROA is advantageous for investors of Wenzhou Hongfeng Electrical Alloy Co, as it indicates that the company efficiently utilizes its assets and generates good profits.

What are the consequences of low ROA for investors in Wenzhou Hongfeng Electrical Alloy Co?

A low ROA can be unfavorable for investors of Wenzhou Hongfeng Electrical Alloy Co as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.

How does an increase in the ROA of Wenzhou Hongfeng Electrical Alloy Co affect the company?

An increase in ROA of Wenzhou Hongfeng Electrical Alloy Co can be an indicator of improved efficiency in asset utilization and higher profitability.

How does a reduction in ROA of Wenzhou Hongfeng Electrical Alloy Co impact the company?

A reduction in the ROA of Wenzhou Hongfeng Electrical Alloy Co can be an indicator of lower asset efficiency and profitability.

What are some factors that can influence the ROA of Wenzhou Hongfeng Electrical Alloy Co?

Some factors that can influence the ROA of Wenzhou Hongfeng Electrical Alloy Co include revenue, operating costs, asset structure, and industry average.

Why is the ROA of Wenzhou Hongfeng Electrical Alloy Co important for investors?

The ROA of Wenzhou Hongfeng Electrical Alloy Co is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.

What strategic measures can Wenzhou Hongfeng Electrical Alloy Co take to improve ROA?

To improve ROA, Wenzhou Hongfeng Electrical Alloy Co can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.

How much dividend does Wenzhou Hongfeng Electrical Alloy Co pay?

Over the past 12 months, Wenzhou Hongfeng Electrical Alloy Co paid a dividend of 0.03 CNY . This corresponds to a dividend yield of about 0.53 %. For the coming 12 months, Wenzhou Hongfeng Electrical Alloy Co is expected to pay a dividend of 0.03 CNY.

What is the dividend yield of Wenzhou Hongfeng Electrical Alloy Co?

The current dividend yield of Wenzhou Hongfeng Electrical Alloy Co is 0.53 %.

When does Wenzhou Hongfeng Electrical Alloy Co pay dividends?

Wenzhou Hongfeng Electrical Alloy Co pays a quarterly dividend. This is distributed in the months of August, July, July, July.

How secure is the dividend of Wenzhou Hongfeng Electrical Alloy Co?

Wenzhou Hongfeng Electrical Alloy Co paid dividends every year for the past 12 years.

What is the dividend of Wenzhou Hongfeng Electrical Alloy Co?

For the upcoming 12 months, dividends amounting to 0.03 CNY are expected. This corresponds to a dividend yield of 0.53 %.

In which sector is Wenzhou Hongfeng Electrical Alloy Co located?

Wenzhou Hongfeng Electrical Alloy Co is assigned to the 'Information technology' sector.

Wann musste ich die Aktien von Wenzhou Hongfeng Electrical Alloy Co kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Wenzhou Hongfeng Electrical Alloy Co from 6/18/2024 amounting to 0.02 CNY, you needed to have the stock in your portfolio before the ex-date on 6/18/2024.

When did Wenzhou Hongfeng Electrical Alloy Co pay the last dividend?

The last dividend was paid out on 6/18/2024.

What was the dividend of Wenzhou Hongfeng Electrical Alloy Co in the year 2023?

In the year 2023, Wenzhou Hongfeng Electrical Alloy Co distributed 0.04 CNY as dividends.

In which currency does Wenzhou Hongfeng Electrical Alloy Co pay out the dividend?

The dividends of Wenzhou Hongfeng Electrical Alloy Co are distributed in CNY.

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Andere Kennzahlen von Wenzhou Hongfeng Electrical Alloy Co

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