Further Weakness as Shanghai Jiao Yun Group (SHSE:600676) Drops 13% This Week, Taking Five-year Losses to 43%
Further Weakness as Shanghai Jiao Yun Group (SHSE:600676) Drops 13% This Week, Taking Five-year Losses to 43%
The main aim of stock picking is to find the market-beating stocks. But in any portfolio, there will be mixed results between individual stocks. At this point some shareholders may be questioning their investment in Shanghai Jiao Yun Group Co., Ltd. (SHSE:600676), since the last five years saw the share price fall 44%. And we doubt long term believers are the only worried holders, since the stock price has declined 35% over the last twelve months. Shareholders have had an even rougher run lately, with the share price down 21% in the last 90 days.
股票選取的主要目的是找到市場中表現優異的股票。然而,在任何組合中,個別股票的表現都會有所不同。此時,一些股東可能會對交運股份股份有限公司(SHSE:600676)的投資產生疑問,因爲過去五年股價下跌了44%。我們懷疑,長期的信徒不是唯一感到擔憂的股東,因爲股價在過去12個月下跌了35%。股東最近的經歷更加嚴峻,股價在過去90天內下跌了21%。
Since Shanghai Jiao Yun Group has shed CN¥432m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.
由於交運股份股份有限公司在過去7天中蒸發了4.32億人民幣的價值,讓我們看看長期的下跌是否是由業務經濟所驅動的。
Because Shanghai Jiao Yun Group made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now. Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. That's because it's hard to be confident a company will be sustainable if revenue growth is negligible, and it never makes a profit.
由於交運股份股份有限公司在過去的十二個月中出現了虧損,我們認爲市場可能更關注營業收入和營業收入增長,至少現在是這樣。一般來說,未盈利的公司預計每年營業收入增長,並且增長速度很快。這是因爲,如果營收增長微不足道並且永遠不盈利,很難相信公司的可持續性。在過去的五年中,交運股份股份有限公司的營業收入每年下降了12%。這絕對是大多數待盈利公司報告的較弱結果。在我們看來,股價在那段時間內每年下跌8%是非常合理的。我們懷疑許多股東對這種股價表現並不滿意。企業可能會復甦,但正如巴菲特所說,“轉機很少能轉過來”。
In the last five years Shanghai Jiao Yun Group saw its revenue shrink by 12% per year. That's definitely a weaker result than most pre-profit companies report. It seems pretty reasonable to us that the share price dipped 8% per year in that time. We doubt many shareholders are delighted with this share price performance. It is possible for businesses to bounce back but as Buffett says, 'turnarounds seldom turn'.
在過去五年中,交運股份股份有限公司的營業收入每年下降了12%。這絕對是大多數待盈利公司報告的較弱結果。在我們看來,股價在那段時間內每年下跌8%是非常合理的。我們懷疑許多股東對這種股價表現並不滿意。企業可能會復甦,但正如巴菲特所說,“轉機很少能轉過來”。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下圖顯示了收益和營收隨時間變化的情況(如果你點擊圖像,可以看到更多細節):
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240607/0-0e9159046a894910bf6cb53524a3e471-0-8ce45da17aadb4c6381025afe83f7c2f.png/big)
If you are thinking of buying or selling Shanghai Jiao Yun Group stock, you should check out this FREE detailed report on its balance sheet.
如果您想買入或賣出交運股份股份有限公司的股票,您應該查看這份免費的詳細報告,了解其資產負債表情況。
A Different Perspective
不同的觀點
We regret to report that Shanghai Jiao Yun Group shareholders are down 35% for the year. Unfortunately, that's worse than the broader market decline of 10%. However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 7% per year over five years. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. It's always interesting to track share price performance over the longer term. But to understand Shanghai Jiao Yun Group better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Shanghai Jiao Yun Group , and understanding them should be part of your investment process.
我們很遺憾地報告說,交運股份股份有限公司的股東今年下跌了35%。不幸的是,這比整個市場下跌的10%還要糟糕。然而,這可能僅僅是股價受到更廣泛市場動盪的影響。值得關注的是基本面,以便找到好的機會。不幸的是,去年的表現結束了一個糟糕的時期,股東在過去5年中每年面對着總虧損7%。我們意識到巴隆·羅斯柴爾德曾說過投資者應該“在街頭上看到血流時買入”,但我們警告投資者首先要確定自己在購買高質量的企業。長期追蹤股價表現總是很有趣的。但爲了更好地了解交運股份股份有限公司,我們需要考慮許多其他因素。例如,不斷存在的投資風險威脅。我們已經確定了1個與交運股份股份有限公司有關的警告信號,並且理解這些信號應該成爲您的投資過程的一部分。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation).
如果您喜歡與管理層一起購買股票,那麼您可能會喜歡這個公司的免費列表。 (提示:其中許多公司不爲人注意且具有吸引力的估值。)
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.
請注意,本文引用的市場回報反映了目前在中國交易所上市的股票的市場加權平均回報。
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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.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或電郵 editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。