Anzheng Fashion Group (SHSE:603839) Shareholders Have Lost 43% Over 5 Years, Earnings Decline Likely the Culprit
Anzheng Fashion Group (SHSE:603839) Shareholders Have Lost 43% Over 5 Years, Earnings Decline Likely the Culprit
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 Anzheng Fashion Group Co., Ltd. (SHSE:603839), since the last five years saw the share price fall 55%. And we doubt long term believers are the only worried holders, since the stock price has declined 34% over the last twelve months. On top of that, the share price is down 18% in the last week.
理想情况下,您的整体投资组合应该跑赢市场平均水平。但是每个投资者都几乎肯定会持有表现良好和表现差劲的股票。此时,一些股东可能会对安正时尚股份有限公司(SHSE:603839)的投资产生疑问,因为过去五年股价下跌了55%。我们怀疑长期投资者不是唯一的担心股东,因为股价在过去12个月中下跌了34%。此外,股价在上周下跌了18%。
After losing 18% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance.
在过去一周损失了18%后,值得调查公司的基本面,以了解我们可以从过去的业绩中推断出什么。
Given that Anzheng Fashion Group only made minimal earnings in the last twelve months, we'll focus on revenue to gauge its business development. As a general rule, we think this kind of company is more comparable to loss-making stocks, since the actual profit is so low. For shareholders to have confidence a company will grow profits significantly, it must grow revenue.
考虑到安正时尚集团在过去12个月只获得了微薄的收益,我们将关注营业收入以衡量其业务发展。通常情况下,我们认为这种公司更适合与亏损的股票相比较,因为实际利润非常低。为了让股东有信心,公司必须增加收入,从而实现利润的显著增长。
In the last five years Anzheng Fashion Group saw its revenue shrink by 0.8% per year. While far from catastrophic that is not good. With neither profit nor revenue growth, the loss of 9% per year doesn't really surprise us. The chance of imminent investor enthusiasm for this stock seems slimmer than Louise Brooks. Not that many investors like to invest in companies that are losing money and not growing revenue.
在过去的五年中,安正时尚集团的营业收入每年下降了0.8%。虽然远非灾难性,但也不是好现象。在没有利润和营业收入增长的情况下,每年9%的损失并不令人惊讶。目前人们对该股的投资热情似乎比路易丝·布鲁克斯还要低。很少有投资者喜欢投资于亏损和没有营业收入增长的公司。
You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).
您可以看到以下收益和营收的变化情况(通过单击图像了解精确值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240530/0-55643e7f0eeff8169ca89b1f0c3cda49-0-127ad85fc6d30c085935ca33192c5d45.png/big)
Take a more thorough look at Anzheng Fashion Group's financial health with this free report on its balance sheet.
通过这份有关其资产负债表的免费报告,更加全面地了解安正时尚集团的财务状况。
What About Dividends?
那么分红怎么样呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Anzheng Fashion Group, it has a TSR of -43% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!
在考虑投资回报时,重要的是考虑总股东回报(TSR)和股票回报之间的差异。 TSR包括任何剥离或折让的资本筹集(基于股息被重新投资的假设),以及任何股息。因此,对于支付慷慨的股息公司而言,TSR通常比股票回报高得多。就中国神威药业集团而言,其TSR在过去5年中达到了75%。这超过了我们之前提到的股票回报。该公司支付的股息已经提高了总股东回报。总股东回报和股票回报TSR是一个考虑到现金股利价值(假定任何股息都得到了再投资)和任何折价融资和剥离的计算回报值。可以说TSR为支付股息的股票提供了更完整的图片。就安正时尚集团而言,过去5年其TSR为-43%。这超过了我们之前提到的股价回报。毫无疑问,派息很大程度上解释了这种差异!
A Different Perspective
不同的观点
We regret to report that Anzheng Fashion Group shareholders are down 29% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 10%. Having said that, it's inevitable that some stocks will be oversold in a falling market. The key is to keep your eyes on the fundamental developments. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 7% per year over five years. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. 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. Consider for instance, the ever-present spectre of investment risk. We've identified 4 warning signs with Anzheng Fashion Group (at least 1 which makes us a bit uncomfortable) , and understanding them should be part of your investment process.
我们很遗憾地报告,安正时尚集团的股东今年已经亏损了29%(包括派息)。不幸的是,这比整个市场下跌的10%还要糟糕。话虽如此,一些股票在下跌的市场中会被高估,关键是要关注基本面的发展。可悲的是,去年的表现汇总成了糟糕的成果,股东在五年内面临了总损失7%。总的来说,长期的股价疲软可能不是个好兆头,不过持不同见的投资者可能会希望研究一些个股以期待一个好的转机。我认为,长期股价是业务表现的一个代理,非常有趣。但要真正获得见解,我们需要考虑其他信息。例如,投资风险一直存在。我们已经确定了安正时尚集团的4个警示信号(至少其中一个让我们感到有点不舒服),了解这些应该是投资过程的一部分。
If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.
如果您像我一样,就不会希望错过这份免费的内部人士正在购买的低估小市值股票列表。
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上市的股票的市场加权平均回报。
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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。