Yangmei ChemicalLtd (SHSE:600691 Investor Three-year Losses Grow to 46% as the Stock Sheds CN¥428m This Past Week
Yangmei ChemicalLtd (SHSE:600691 Investor Three-year Losses Grow to 46% as the Stock Sheds CN¥428m This Past Week
For many investors, the main point of stock picking is to generate higher returns than the overall market. But in any portfolio, there are likely to be some stocks that fall short of that benchmark. We regret to report that long term Yangmei Chemical Co.,Ltd (SHSE:600691) shareholders have had that experience, with the share price dropping 46% in three years, versus a market decline of about 22%. And more recent buyers are having a tough time too, with a drop of 40% in the last year. Furthermore, it's down 28% in about a quarter. That's not much fun for holders.
对于许多投资者来说,股票挑选的主要目标是获得比整个市场更高的回报率。但在任何组合中,都可能有一些股票低于该基准。我们很遗憾地报告,长期持有阳煤化工股份有限公司(上海证券交易所:600691)的股东们已经经历了这种经历,股价在三年中下降了46%,而市场则下跌了约22%。最近的买家也面临着困难,去年下跌了40%。此外,它在约一个季度内下跌了28%。这对股东来说并不好玩。
After losing 9.0% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance.
在过去的一周中下跌了9.0%后,值得调查该公司的基本面,以了解我们可以从过去的表现中推断出什么。
Because Yangmei ChemicalLtd made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now. Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size.
由于阳煤化工股份有限公司上一年度出现亏损,我们认为市场现在可能更注重营收和营收增长。一般来说,公司在没有盈利的情况下预计每年增长营收,并且增长速度很快。这是因为快速的营收增长可以被轻松地推算为预测盈利,往往是相当可观的。
Over the last three years, Yangmei ChemicalLtd's revenue dropped 15% per year. That's definitely a weaker result than most pre-profit companies report. With revenue in decline, the share price decline of 13% per year is hardly undeserved. The key question now is whether the company has the capacity to fund itself to profitability, without more cash. The company will need to return to revenue growth as quickly as possible, if it wants to see some enthusiasm from investors.
在过去的三年中,阳煤化工股份有限公司的营收年均下降15%。这绝对是大多数未盈利公司报告的较弱结果。随着营收下降,股价每年下降13%,这几乎是应有的。现在关键问题是,如果该公司想看到投资者的热情,是否具备了自我融资的能力,而无需获得更多现金。公司将需要尽快恢复营收增长,如果想看到投资者的热情。
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
你可以在下面的图片中看到收入和营业收入随时间的变化情况(单击图表可查看精确值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240618/0-f4d358b82408047b34d9694629c74383-0-7c97a3134e96aca38709c2144848d253.png/big)
If you are thinking of buying or selling Yangmei ChemicalLtd stock, you should check out this FREE detailed report on its balance sheet.
如果您正在考虑买入或卖出阳煤化工股份有限公司的股票,您应该查看关于其资产负债表的这份免费详细报告。
A Different Perspective
不同的观点
While the broader market lost about 15% in the twelve months, Yangmei ChemicalLtd shareholders did even worse, losing 40%. However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 6% per year over five years. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. You might want to assess this data-rich visualization of its earnings, revenue and cash flow.
虽然整个市场在过去的12个月中损失了约15%,但阳煤化工股份有限公司的股东们遭受了更严重的损失,下跌了40%。然而,股价受到整个市场的担忧影响是可能的。如果有好的机会,值得关注其基本面。令人遗憾的是,去年的表现堪称糟糕,股东在过去五年中每年面临6%的总亏损。我们意识到巴伦·罗斯柴尔德曾说过投资者应该“在街上有血时买入”,但我们警告投资者首先要确保他们正在购买高质量的企业。您可能需要评估一下它的收益,营收和现金流的这些数据丰富的可视化。
Of course Yangmei ChemicalLtd may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
当然,阳煤化工股份有限公司可能不是最好的股票买卖对象。因此,您可能希望查看这些增长股票的免费收藏。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
对本文有反馈?关于内容有所顾虑?直接和我们联系。或者,发送电子邮件至editorial-team (at) simplywallst.com。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有反馈?关于内容有所顾虑?直接和我们联系。或者发送电子邮件至editorial-team@simplywallst.com。