Inner Mongolia Junzheng Energy & Chemical GroupLtd (SHSE:601216) Shareholders Have Endured a 13% Loss From Investing in the Stock Three Years Ago
Inner Mongolia Junzheng Energy & Chemical GroupLtd (SHSE:601216) Shareholders Have Endured a 13% Loss From Investing in the Stock Three Years Ago
During the three years that the share price fell, Inner Mongolia Junzheng Energy & Chemical GroupLtd's earnings per share (EPS) dropped by 21% each year. This fall in the EPS is worse than the 9% compound annual share price fall. So, despite the prior disappointment, shareholders must have some confidence the situation will improve, longer term. Investors are understandably disappointed when a stock they own declines in value. But it can difficult to make money in a declining market. The Inner Mongolia Junzheng Energy & Chemical Group Co.,Ltd. (SHSE:601216) is down 26% over three years, but the total shareholder return is -13% once you include the dividend. That's better than the market which declined 29% over the last three years. Shareholders have had an even rougher run lately, with the share price down 13% in the last 90 days. Of course, this share price action may well have been influenced by the 12% decline in the broader market, throughout the period.
当投资者所持有股票的价值下跌时，他们自然会感到失望。但在一个下跌的市场赚钱却很困难。在过去的三年中，内蒙古君正能源化工集团股份有限公司(SHSE:601216)的股价下跌了26%，但是一旦你将股息包括在内，股东的总回报率为-13%。这比在过去三年中下跌29%的市场要好。近期股东的运行甚至更加困难，股价在过去90天下跌了13%。当然，这股票价格的变化很可能受到整个期间市场跌幅12%的影响。
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
鉴于此，值得看看该公司的基本面是否一直是长期业绩的驱动因素，或者是否存在一些不一致之处。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
尽管市场是一个强大的价格机制，但股票价格反映的不仅是潜在业务绩效，还反映了投资者的情绪。 了解市场情绪随时间的变化的一种方法是查看公司的股价与每股收益（EPS）之间的互动。
During the three years that the share price fell, Inner Mongolia Junzheng Energy & Chemical GroupLtd's earnings per share (EPS) dropped by 21% each year. This fall in the EPS is worse than the 9% compound annual share price fall. So, despite the prior disappointment, shareholders must have some confidence the situation will improve, longer term.
在股票价格下跌的三年期间，内蒙古君正能源化工集团股份有限公司的每股收益(EPS)每年下降了21%。这个EPS的下降比9%的年化复合股价下跌要更糟糕。因此，尽管之前经历了失望，股东们必须对长期情况有一定信心。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下图显示了EPS随时间的变化情况（如果您单击该图像，则可以查看更多详细信息）。
This free interactive report on Inner Mongolia Junzheng Energy & Chemical GroupLtd's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
如果你想进一步调查这只股票，内蒙古君正能源化工集团股份有限公司的收益、营业收入和现金流的免费互动报告是一个很好的起点。
What About Dividends?
那么分红怎么样呢？
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Inner Mongolia Junzheng Energy & Chemical GroupLtd, it has a TSR of -13% for the last 3 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
除了衡量股票价格回报之外，投资者还应考虑股东总回报(TSR)。TSR是一种回报计算，它考虑到了现金股息的价值(假设任何收到的股息都是再投资)以及任何折价的股本增发和分拆的计算值。因此，对于那些支付丰厚股息的公司，TSR通常比股票价格回报要高得多。在内蒙古君正能源化工集团股份有限公司的情况下，其TSR在过去的3年中为-13%。这比我们之前提到的股票价格回报要高。这主要是由于其分红派息造成的！
A Different Perspective
不同的观点
While it's certainly disappointing to see that Inner Mongolia Junzheng Energy & Chemical GroupLtd shares lost 6.6% throughout the year, that wasn't as bad as the market loss of 18%. Of course, the long term returns are far more important and the good news is that over five years, the stock has returned 12% for each year. In the best case scenario the last year is just a temporary blip on the journey to a brighter future. 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. Even so, be aware that Inner Mongolia Junzheng Energy & Chemical GroupLtd is showing 1 warning sign in our investment analysis , you should know about...
虽然看到内蒙古君正能源化工集团股份有限公司的股票在全年内下跌了6.6%，但这还不如市场损失18%糟糕。当然，长期回报更为重要，好消息是，在过去五年中，这只股票每年回报12%。在最好的情况下，过去一年只是走向更光明未来的一个暂时性波动。我认为长期的股票价格是业务表现的一个代理。但是为了真正获得洞察力，我们需要考虑其他信息。即使如此，要知道内蒙古君正能源化工集团股份有限公司在我们的投资分析中显示出了1个警告信号。
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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