Zhejiang Zheneng Electric Power (SHSE:600023) Sheds 3.0% This Week, as Yearly Returns Fall More in Line With Earnings Growth
Zhejiang Zheneng Electric Power (SHSE:600023) Sheds 3.0% This Week, as Yearly Returns Fall More in Line With Earnings Growth
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But when you pick a company that is really flourishing, you can make more than 100%. For example, the Zhejiang Zheneng Electric Power Co., Ltd. (SHSE:600023) share price has soared 110% in the last three years. How nice for those who held the stock! The last week saw the share price soften some 3.0%.
任何股票最多只会让您损失100%的资金(假设您不使用杠杆)。但如果您选择了一家真正蓬勃发展的公司,您可以赚取超过100%的收益。例如,浙能电力股份有限公司(SHSE:600023)的股价在过去三年中飙升了110%。对于那些持有该股票的人来说,多么美好!上周股价有所回落,下跌了3.0%。
While this past week has detracted from the company's three-year return, let's look at the recent trends of the underlying business and see if the gains have been in alignment.
尽管过去一周公司的三年回报率有所下降,但让我们看看基础业务的最近趋势,以确定收益是否与之相符。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
市场有时候是有效的,但价格并不总是反映公司的基本业务表现。通过比较每股收益和股价变化,我们可以了解投资者对公司的看法如何随着时间变化而变化。
During three years of share price growth, Zhejiang Zheneng Electric Power moved from a loss to profitability. Given the importance of this milestone, it's not overly surprising that the share price has increased strongly.
在三年的股价增长中,浙能电力从亏损转向盈利。考虑到这一重要里程碑,股价强劲上涨并不过分让人惊讶。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
该公司的每股收益(随时间的推移)如下图所示(单击可查看确切数字)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240725/0-cd049c8d0162e9be44b222c65967113b-0-e6aca5da555b514141cfed9e6f63b578.png/big)
We know that Zhejiang Zheneng Electric Power has improved its bottom line lately, but is it going to grow revenue? If you're interested, you could check this free report showing consensus revenue forecasts.
我们知道,浙能电力的底线有所改善,但是否会增长收入呢?如果您感兴趣,可以查看这份显示共识收入预测的免费报告。
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 incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Zhejiang Zheneng Electric Power's TSR for the last 3 years was 117%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
在考虑投资回报时,重要的是要考虑总股东回报(TSR)和股价回报之间的差异。TSR包括任何分拆或折价资本募集活动的价值,以及任何分红派息,基于假设的前提是再投资分红。因此,对于那些支付丰厚股息的公司,TSR通常比股价回报高得多。恰好浙能电力的TSR在过去3年中为117%,高于前面提到的股价回报。这主要是因为其分红派息!
A Different Perspective
不同的观点
We're pleased to report that Zhejiang Zheneng Electric Power shareholders have received a total shareholder return of 48% over one year. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 13% per year), it would seem that the stock's performance has improved in recent times. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand Zhejiang Zheneng Electric Power better, we need to consider many other factors. For example, we've discovered 1 warning sign for Zhejiang Zheneng Electric Power that you should be aware of before investing here.
我们很高兴地报告,浙能电力股东在一年内获得了48%的总股东回报。包括股息在内。由于一年的TSR优于五年的TSR(后者为每年13%),因此,股票的表现似乎近期有所改善。具有乐观视角的人可能认为,TSR的最近改善表明业务本身随着时间的推移变得更好。跟踪更长期的股价表现始终是很有趣的。但是要更好地了解浙能电力,我们需要考虑许多其他因素。例如,我们发现了一项有关投资此处之前需要注意的浙能电力的1个警告信号。
Of course Zhejiang Zheneng Electric Power may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
当然,浙能电力可能不是最好的股票选择。因此,您可能希望查看这些免费的增长股票收藏。
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。
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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.
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@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
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。