300850.SZ
Price:
$46.74
Market Cap:
$17.40B
Luoyang Xinqianglian Slewing Bearing Co., Ltd. manufactures and sells slewing bearings for industrial purposes in China and internationally. The company offers single row tapered, triple-row, and double-row tapered roller main bearings, as well as individual triple-row roller pitch bearings and yaw bearings for wind turbine generators; tunnel boring machine main bearings; drive plates; large size slewing bearing for floating crane; and slewing bearing for ferris wheel. It also engages in the photovoltaic and wind power business. The company was founded in 2005 and is based in Luoyang, China.
Industry
Manufacturing - Metal Fabrication
IPO Date
2020-07-13
Stock Exchange
SHZ
Ticker
300850.SZ
According to Luoyang Xinqianglian Slewing Bearing Co., Ltd.’s latest financial reports and current stock price. The company's current ROE is 13.21%. This represents a change of 308.53% compared to the average of 3.23% of the last 4 quarters.
The mean historical ROE of Luoyang Xinqianglian Slewing Bearing Co., Ltd. over the last ten years is 11.58%. The current 13.21% ROE has changed 14.05% with respect to the historical average. Over the past ten years (40 quarters), 300850.SZ's ROE was at its highest in in the September 2020 quarter at 11.76%. The ROE was at its lowest in in the March 2024 quarter at -1.03%.
Average
11.58%
Median
9.75%
Minimum
1.28%
Maximum
28.06%
Discovering the peaks and valleys of Luoyang Xinqianglian Slewing Bearing Co., Ltd. ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 79.98%
Maximum Annual ROE = 28.06%
Minimum Annual Increase = -82.66%
Minimum Annual ROE = 1.28%
| Year | ROE | Change |
|---|---|---|
| 2024 | 1.28% | -82.66% |
| 2023 | 7.38% | -9.70% |
| 2022 | 8.17% | -45.44% |
| 2021 | 14.97% | -46.66% |
| 2020 | 28.06% | 79.98% |
| 2019 | 15.59% | 47.85% |
| 2018 | 10.55% | 24.49% |
| 2017 | 8.47% | -13.08% |
The current ROE of Luoyang Xinqianglian Slewing Bearing Co., Ltd. (300850.SZ) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
5.61%
5-year avg
11.97%
10-year avg
11.58%
Luoyang Xinqianglian Slewing Bearing Co., Ltd.’s ROE is less than Jack Technology Co.,Ltd (18.40%), less than Hefei Meyer Optoelectronic Technology Inc. (25.19%), less than Jiayou International Logistics Co.,Ltd (18.47%), greater than China First Heavy Industries (-68.45%), less than China Railway Special Cargo Logistics Co., Ltd. (2.96%), less than Wuhan DR Laser Technology Corp.,Ltd (17.58%), less than Shanghai Zhenhua Heavy Industries Co., Ltd. (3.93%), less than COSCO SHIPPING Specialized Carriers Co.,Ltd. (10.75%), less than Zhejiang Wanma Co., Ltd. (8.50%), less than Zhuzhou Kibing Group Co.,Ltd (4.36%),
| Company | ROE | Market cap |
|---|---|---|
| 18.40% | $17.63B | |
| 25.19% | $18.28B | |
| 18.47% | $17.84B | |
| -68.45% | $25.79B | |
| 2.96% | $18.27B | |
| 17.58% | $16.53B | |
| 3.93% | $20.07B | |
| 10.75% | $19.48B | |
| 8.50% | $16.08B | |
| 4.36% | $16.53B |
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