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Chengzhi's (SZSE:000990) Earnings Have Declined Over Three Years, Contributing to Shareholders 41% Loss

Chengzhi's (SZSE:000990) Earnings Have Declined Over Three Years, Contributing to Shareholders 41% Loss

成智(SZSE:000990)的盈利在三年内持续下降,导致股东损失41%
Simply Wall St ·  10/25 06:20

Chengzhi Co., Ltd. (SZSE:000990) shareholders should be happy to see the share price up 20% in the last month. But that cannot eclipse the less-than-impressive returns over the last three years. Truth be told the share price declined 43% in three years and that return, Dear Reader, falls short of what you could have got from passive investing with an index fund.

证股份有限公司(SZSE:000990)的股东应该高兴地看到股价在过去一个月内上涨了20%。 但这并不能掏掉过去三年里令人失望的回报。 坦率地说,股价在三年内下跌了43%,这样的回报,亲爱的读者,不及您通过指数基金进行被动投资所能获得的。

While the stock has risen 5.8% in the past week but long term shareholders are still in the red, let's see what the fundamentals can tell us.

尽管这支股票在过去一周上涨了5.8%,但长期股东仍处于亏损状态,让我们看看基本面能告诉我们什么。

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. 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.

沃伦·巴菲特在他的论文《格雷厄姆-道德斯维尔的超级投资者》中描述了股票价格并不总是合理地反映企业的价值。通过比较每股收益(EPS)和股价随时间变化的变化,我们可以了解到投资者对某家公司的态度如何随时间而变化。

During five years of share price growth, Chengzhi moved from a loss to profitability. We would usually expect to see the share price rise as a result. So it's worth looking at other metrics to try to understand the share price move.

在股价增长的五年里,诚志从亏损转为盈利。 通常我们会期望看到股价因此上升。 因此值得看看其他指标,试图理解股价的变动。

With a rather small yield of just 0.6% we doubt that the stock's share price is based on its dividend. With revenue flat over three years, it seems unlikely that the share price is reflecting the top line. We're not entirely sure why the share price is dropped, but it does seem likely investors have become less optimistic about the business.

由于股息率仅为0.6%,我们怀疑这支股票的股价是否取决于其股息。 由于营业收入在三年内保持不变,似乎股价不反映公司的营业收入。 我们并不完全确定股价为何下跌,但投资者似乎对公司的前景变得不太乐观。

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)。

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SZSE:000990 Earnings and Revenue Growth October 24th 2024
深圳证券交易所:000990 盈利和营业收入增长 2024年10月24日

We know that Chengzhi has improved its bottom line lately, but what does the future have in store? This free report showing analyst forecasts should help you form a view on Chengzhi

我们知道诚志最近改善了其底线,但未来会怎样呢? 这份免费报告展示了分析师的预测,应该能帮助您对诚志形成看法。

A Different Perspective

不同的观点

Chengzhi shareholders are up 6.1% for the year (even including dividends). But that return falls short of the market. On the bright side, that's still a gain, and it is certainly better than the yearly loss of about 7% endured over half a decade. It could well be that the business is stabilizing. 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. Take risks, for example - Chengzhi has 2 warning signs we think you should be aware of.

诚志股东今年增长了6.1%(包括分红)。 但这一回报还不如市场。而好消息是,这仍然是一笔收益,绝对好过在半个世纪中承受的近7%年度亏损。 可能企业正在稳定下来。 我觉得长期来看股价作为业务绩效的替代品非常有趣。 但要真正获得洞察力,我们也需要考虑其他信息。 举个例子,承受风险 - 我们认为您应该注意到诚志已经出现了 2 条警示信号。

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.

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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。

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