Visionox Technology (SZSE:002387) Five-year Losses Have Grown Faster Than Shareholder Returns Have Fallen, but the Stock Lifts 4.3% This Past Week
Visionox Technology (SZSE:002387) Five-year Losses Have Grown Faster Than Shareholder Returns Have Fallen, but the Stock Lifts 4.3% This Past Week
We think intelligent long term investing is the way to go. But along the way some stocks are going to perform badly. For example the Visionox Technology Inc. (SZSE:002387) share price dropped 56% over five years. That's not a lot of fun for true believers. And some of the more recent buyers are probably worried, too, with the stock falling 23% in the last year. The falls have accelerated recently, with the share price down 16% in the last three months. Of course, this share price action may well have been influenced by the 8.1% decline in the broader market, throughout the period.
我们认为智能的长期投资是正确的选择。但在这个过程中，有些股票表现不佳。例如，Visionox Technology Inc.（SZSE:002387）股价在五年内下跌了56%。这对真正的支持者来说并不愉快。而一些较新的买家可能也感到担忧，因为股票在过去一年中下跌了23%。最近股价的下跌有所加速，过去三个月股价下跌了16%。当然，这个股价的波动可能受到了整个期间整体市场8.1%的下跌的影响。
While the last five years has been tough for Visionox Technology shareholders, this past week has shown signs of promise. So let's look at the longer term fundamentals and see if they've been the driver of the negative returns.
虽然Visionox Technology的股价在过去五年中表现不佳，但过去一周显示出了希望的迹象。因此，让我们看一下更长期的基本面，看看它们是否成为负回报的驱动因素。
Visionox Technology wasn't profitable in the last twelve months, it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. When a company doesn't make profits, we'd generally hope to see good revenue growth. Some companies are willing to postpone profitability to grow revenue faster, but in that case one would hope for good top-line growth to make up for the lack of earnings.
Visionox Technology在过去十二个月内没有盈利，因此其股价与每股收益（EPS）之间的关联不大可能很强。可以说，营业收入是我们的下一个最佳选择。当公司没有盈利时，我们通常希望看到良好的营收增长。一些公司愿意推迟盈利以更快地增长收入，但在这种情况下，我们希望有良好的营业收入增长来弥补盈利缺失。在过去的五年中，Visionox Technology的营业收入每年增长23%。这比大多数亏损的公司要好。不幸的是，由于股价下跌，股东每年的股价下跌了9%，这令人失望，考虑到增长。这可能意味着高期望已经被打压，可能是因为投资者正在关注底线。鉴于营收增长，如果公司有明确的盈利道路，我们认为这支股票是相当有趣的一个选择。
In the last half decade, Visionox Technology saw its revenue increase by 23% per year. That's better than most loss-making companies. Unfortunately for shareholders the share price has dropped 9% per year - disappointing considering the growth. This could mean high expectations have been tempered, potentially because investors are looking to the bottom line. Given the revenue growth we'd consider the stock to be quite an interesting prospect if the company has a clear path to profitability.
遗憾的是，Visionox Technology的股东在过去一年中损失了23%。不幸的是，这比更广泛的市场下降18%还要糟糕。虽然在下行市场中，一些股票被抛售是不可避免的，但关键是要关注基本面的发展。不幸的是，去年的表现可能表明存在未解决的挑战，因为它比过去五年的年化亏损率9%还要糟糕。一般来说，长期的股价疲软可能是一个不好的迹象，尽管持异议者可能希望研究股票，以期实现逆转。跟踪较长期的股价表现总是很有意思的。但为了更好地了解Visionox Technology，我们需要考虑许多其他因素。例如，冒险- Visionox Technology有1个警告标志，我们认为您应该知道。
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）。
If you are thinking of buying or selling Visionox Technology stock, you should check out this FREE detailed report on its balance sheet.
如果您正在考虑购买或出售Visionox Technology股票，则应查看有关其资产负债表的免费详细报告。
A Different Perspective
不同的观点
We regret to report that Visionox Technology shareholders are down 23% for the year. Unfortunately, that's worse than the broader market decline of 18%. 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. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 9% over the last half decade. 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. It's always interesting to track share price performance over the longer term. But to understand Visionox Technology better, we need to consider many other factors. Take risks, for example - Visionox Technology has 1 warning sign we think you should be aware of.
我们很遗憾地报告，Visionox Technology股东今年已经损失了23%。不幸的是，这比过去五年的年化亏损率9%还要糟糕。尽管如此，一些股票在下跌的市场中可能被过度抛售，关键是要关注基本面的发展。一般而言，长期的股票弱势可能是一个不好的迹象，尽管持异议者可能希望研究股票，以期实现逆转。跟踪较长期的股价表现总是很有意思的。但要更好地了解Visionox Technology，我们还需要考虑许多其他因素。例如，冒险-Visionox Technology有1个警告标志，我们认为您应该意识到。
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。
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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。