The Past Five Years for New Hope LiuheLtd (SZSE:000876) Investors Has Not Been Profitable
The Past Five Years for New Hope LiuheLtd (SZSE:000876) Investors Has Not Been Profitable
The main aim of stock picking is to find the market-beating stocks. But the main game is to find enough winners to more than offset the losers So we wouldn't blame long term New Hope Liuhe Co.,Ltd. (SZSE:000876) shareholders for doubting their decision to hold, with the stock down 49% over a half decade. And it's not just long term holders hurting, because the stock is down 22% in the last year. Unfortunately the share price momentum is still quite negative, with prices down 9.7% in thirty days. But this could be related to poor market conditions -- stocks are down 6.8% in the same time.
选股的主要目标是找到市场超额收益的股票。但目标是寻找足够多的赢家来抵消输家。因此,长期持有新希望(New Hope Liuhe Co.,Ltd.,SZSE:000876)的股东对持有决定感到怀疑,因为股票在半个十年中下跌了49%。不仅长期持有者受到伤害,因为股票在过去一年中下跌了22%。不幸的是,股价动力仍然相当负面,价格在30天内下跌了9.7%。但这可能与市场不佳的情况有关,股票在同一时间内下跌了6.8%。
It's worthwhile assessing if the company's economics have been moving in lockstep with these underwhelming shareholder returns, or if there is some disparity between the two. So let's do just that.
值得评估公司的经济状况是否与这些不尽如人意的股东回报同时发展并步调一致,或者两者之间是否存在差异。因此,让我们来看看。
While New Hope LiuheLtd made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. 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.
虽然新希望六合股份有限公司最近一年实现了小幅盈利,但我们认为,市场目前可能更关注销售收入的增长。一般而言,我们认为这种公司更可与亏损的股票进行比较,因为实际利润非常低。要让股东有信心公司会大幅增加利润,它必须增加收入。
In the last half decade, New Hope LiuheLtd saw its revenue increase by 14% per year. That's a fairly respectable growth rate. We doubt many shareholders are ok with the fact the share price has fallen 8% each year for half a decade. Those who bought back then clearly believed in stronger growth - and maybe even profits. The lesson is that if you buy shares in a money losing company you could end up losing money.
在过去的半个十年里,新希望六合股份有限公司每年的收入增长率为14%。这是相当可观的增长率。我们怀疑许多股东不满足于这样一个事实,即股价每年下跌8%,这个趋势已经持续了半个十年。那些当时买进的人显然相信会有更强的增长,甚至是利润。教训是,如果你购买了一个亏钱的公司的股票,你可能会亏钱。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下图显示了收益和营收随时间变化的情况(如果你点击图像,可以看到更多细节):
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240628/0-15c69bd39d0d4edb50bc6b49b155c714-0-6ac56f837dfd4373a9fce480a093e667.png/big)
We know that New Hope LiuheLtd has improved its bottom line lately, but what does the future have in store? If you are thinking of buying or selling New Hope LiuheLtd stock, you should check out this free report showing analyst profit forecasts.
我们知道新希望六合股份有限公司最近改善了其底线,但未来会怎样呢?如果你在考虑买入或卖出新希望六合股份有限公司的股票,你应该查看这篇免费的报告,其中显示了分析师的利润预测。
A Different Perspective
不同的观点
While the broader market lost about 16% in the twelve months, New Hope LiuheLtd shareholders did even worse, losing 22%. 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. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 8% over the last half decade. 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. 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. Case in point: We've spotted 2 warning signs for New Hope LiuheLtd you should be aware of.
虽然整个市场在12个月内大约下跌了16%,但新希望六合股份有限公司的股东表现得更糟,下跌了22%。然而,股价可能只是受到更广泛的市场恐慌的影响。我们可能要关注基本面,以防好的机会出现。不幸的是,去年的表现可能表明存在未解决的挑战,因为它比过去半个十年的年化亏损8%还要糟糕。我们知道,罗斯柴尔德男爵曾说过投资者应该“在街上流血时购买”,但我们提醒投资者首先要确信自己在购买高质量的业务。我认为长期来看股价是业绩的代理,很有趣。但要真正获得见解,我们还需要考虑其他信息。就拿这个例子来说:我们发现了新希望六合股份有限公司的2个警示信号,你应该知道。
For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.
对于那些喜欢寻找获胜投资的人来说,最近有内部购买的低估公司免费列表可能是一个很好的选择。
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。