MCLON JEWELLERYLtd's (SZSE:300945) Solid Profits Have Weak Fundamentals
MCLON JEWELLERYLtd's (SZSE:300945) Solid Profits Have Weak Fundamentals
Despite posting some strong earnings, the market for MCLON JEWELLERY Co.,Ltd.'s (SZSE:300945) stock hasn't moved much. Our analysis suggests that shareholders have noticed something concerning in the numbers.
儘管公佈了一些強勁的收益，但MCLON JEWELLERY Co.的市場依然如此, Ltd. 's（深交所股票代碼：300945）的股票漲幅不大。我們的分析表明，股東們注意到了一些令人擔憂的數字。
To understand the value of a company's earnings growth, it is imperative to consider any dilution of shareholders' interests. MCLON JEWELLERYLtd expanded the number of shares on issue by 28% over the last year. As a result, its net income is now split between a greater number of shares. To talk about net income, without noticing earnings per share, is to be distracted by the big numbers while ignoring the smaller numbers that talk to per share value. You can see a chart of MCLON JEWELLERYLtd's EPS by clicking here.
要了解公司收益增長的價值，必須考慮削弱股東的利益。與去年相比，MCLON JewelleryLtd將已發行股票數量增加了28％。結果，其淨收入現在分成了更多的股票。在不注意每股收益的情況下談論淨收益，就是被大數字分散注意力，而忽略與之交談的較小數字 每股 價值。你可以點擊此處查看MCLON JewelleryLtd的每股收益圖表。
A Look At The Impact Of MCLON JEWELLERYLtd's Dilution On Its Earnings Per Share (EPS)
看看MCLON JewelleryLtd的稀釋對其每股收益（EPS）的影響
MCLON JEWELLERYLtd has improved its profit over the last three years, with an annualized gain of 6.2% in that time. But on the other hand, earnings per share actually fell by 28% per year. And at a glance the 42% gain in profit over the last year impresses. But in comparison, EPS only increased by 17% over the same period. Therefore, one can observe that the dilution is having a fairly profound effect on shareholder returns.
在過去三年中，MCLON JewelleryLtd的利潤有所提高，同期年化增長6.2％。但另一方面，收益 每股 實際上每年下降28％。乍一看，去年利潤增長了42％，令人印象深刻。但相比之下，同期每股收益僅增長了17％。因此，可以觀察到，稀釋對股東回報產生了相當深遠的影響。
Changes in the share price do tend to reflect changes in earnings per share, in the long run. So MCLON JEWELLERYLtd shareholders will want to see that EPS figure continue to increase. However, if its profit increases while its earnings per share stay flat (or even fall) then shareholders might not see much benefit. For that reason, you could say that EPS is more important that net income in the long run, assuming the goal is to assess whether a company's share price might grow.
從長遠來看，股價的變化往往會反映每股收益的變化。因此，MCLON JewelleryLtd的股東們希望看到每股收益繼續增加。但是，如果其利潤增加而每股收益保持不變（甚至下降），那麼股東可能看不到太多好處。出於這個原因，你可以說從長遠來看，每股收益比淨收入更重要，前提是目標是評估公司的股價是否可能上漲。
That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.
這可能會讓你想知道分析師對未來盈利能力的預測。幸運的是，您可以單擊此處查看根據他們的估計描繪未來盈利能力的交互式圖表。
Our Take On MCLON JEWELLERYLtd's Profit Performance
我們對MCLON JewelleryLtd的利潤表現的看法
MCLON JEWELLERYLtd shareholders should keep in mind how many new shares it is issuing, because, dilution clearly has the power to severely impact shareholder returns. Because of this, we think that it may be that MCLON JEWELLERYLtd's statutory profits are better than its underlying earnings power. The good news is that, its earnings per share increased by 17% in the last year. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. Be aware that MCLON JEWELLERYLtd is showing 3 warning signs in our investment analysis and 1 of those is potentially serious...
MCLON JewelleryLtd的股東應記住其發行了多少新股，因爲稀釋顯然會嚴重影響股東的回報。因此，我們認爲MCLON JewelleryLtd的法定利潤可能好於其基礎盈利能力。好消息是，其每股收益在去年增長了17％。當然，我們只是在分析其收益時才浮出水面；人們還可以考慮利潤率、預測增長和投資回報率等因素。因此，如果你想更深入地研究這隻股票，那麼考慮它面臨的任何風險至關重要。請注意，MCLON JewelleryLtd在我們的投資分析中顯示了3個警告信號，其中一個可能很嚴重...
Today we've zoomed in on a single data point to better understand the nature of MCLON JEWELLERYLtd's profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying to be useful.
今天，我們放大了單個數據點，以更好地了解MCLON JewelleryLtd利潤的性質。但是，還有很多其他方法可以讓你對公司的看法。例如，許多人認爲高股本回報率是有利的商業經濟的標誌，而另一些人則喜歡 “關注資金”，尋找內部人士正在買入的股票。雖然可能需要你進行一些研究，但你可能會發現這份免費收集的擁有高股本回報率的公司，或者這份內部人士正在購買的股票清單很有用。
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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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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論，我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議，也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意，我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之，華爾街沒有持有任何上述股票的頭寸。