Further Weakness as Heilongjiang Interchina Water TreatmentLtd (SHSE:600187) Drops 8.4% This Week, Taking Five-year Losses to 38%
Further Weakness as Heilongjiang Interchina Water TreatmentLtd (SHSE:600187) Drops 8.4% This Week, Taking Five-year Losses to 38%
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. Ideally, your overall portfolio should beat the market average. But every investor is virtually certain to have both over-performing and under-performing stocks. At this point some shareholders may be questioning their investment in Heilongjiang Interchina Water Treatment Co.,Ltd (SHSE:600187), since the last five years saw the share price fall 38%. Shareholders have had an even rougher run lately, with the share price down 17% in the last 90 days.
理想情况下，你的整体投资组合应该超过市场平均水平。但几乎可以肯定的是，每个投资者都会同时拥有表现优异和表现不佳的股票。在这一点上，一些股东可能会质疑他们在黑龙江中水处理有限责任公司(上交所：600187)，自过去五年以来，股价下跌了38%。股东们最近的表现更加艰难，股价在过去90天里下跌了17%。
Given the past week has been tough on shareholders, let's investigate the fundamentals and see what we can learn.
鉴于过去一周对股东的态度一直很严峻，让我们调查一下基本面，看看我们能学到什么。
See our latest analysis for Heilongjiang Interchina Water TreatmentLtd
查看我们对黑龙江中水处理有限公司的最新分析
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
本杰明·格雷厄姆(Benjamin Graham)的原话是：短期内，市场是一台投票机，但从长远来看，它是一台称重机。一种不完美但简单的方法来考虑市场对一家公司的看法是如何改变的，那就是将每股收益(EPS)的变化与股价走势进行比较。
Over five years Heilongjiang Interchina Water TreatmentLtd's earnings per share dropped significantly, falling to a loss, with the share price also lower. Since the company has fallen to a loss making position, it's hard to compare the change in EPS with the share price change. But we would generally expect a lower price, given the situation.
五年来，黑龙江中水股份有限公司的每股收益大幅下降，出现亏损，股价也随之走低。由于该公司已陷入亏损状态，很难将每股收益的变化与股价的变化进行比较。但考虑到目前的情况，我们通常预计价格会更低。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下图中看到EPS是如何随着时间的推移而变化的(单击图表可查看精确值)。
Dive deeper into Heilongjiang Interchina Water TreatmentLtd's key metrics by checking this interactive graph of Heilongjiang Interchina Water TreatmentLtd's earnings, revenue and cash flow.
通过查看黑龙江中水股份有限公司收益、收入和现金流的互动图，更深入地了解黑龙江中水股份有限公司的关键指标。
A Different Perspective
不同的视角
Heilongjiang Interchina Water TreatmentLtd provided a TSR of 16% over the year. That's fairly close to the broader market return. The silver lining is that the share price is up in the short term, which flies in the face of the annualised loss of 7% over the last five years. While 'turnarounds seldom turn' there are green shoots for Heilongjiang Interchina Water TreatmentLtd. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For example, we've discovered 1 warning sign for Heilongjiang Interchina Water TreatmentLtd that you should be aware of before investing here.
黑龙江中水股份有限公司全年的TSR为16%。这与大盘回报率相当接近。一线希望是，股价在短期内上涨，这与过去五年7%的年化亏损背道而驰。尽管“扭亏为盈”的情况很少出现，但黑龙江中水股份有限公司还是出现了复苏的萌芽。我发现，把股价作为衡量企业业绩的长期指标是非常有趣的。但为了真正获得洞察力，我们还需要考虑其他信息。例如，我们发现黑龙江中水股份有限公司1个警示标志在这里投资之前你应该意识到这一点。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).
如果你喜欢和管理层一起买股票，那么你可能会喜欢这本书免费公司名单。(提示：内部人士一直在买入这些股票)。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.
请注意，本文引用的市场回报反映了目前在中国交易所交易的股票的市场加权平均回报。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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本文由Simply Wall St.撰写，具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论，我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议，也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意，我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。
