The Past Five Years for New Hope LiuheLtd (SZSE:000876) Investors Has Not Been Profitable
The Past Five Years for New Hope LiuheLtd (SZSE:000876) Investors Has Not Been Profitable
The main aim of stock picking is to find the market-beating stocks. But the main game is to find enough winners to more than offset the losers So we wouldn't blame long term New Hope Liuhe Co.,Ltd. (SZSE:000876) shareholders for doubting their decision to hold, with the stock down 49% over a half decade. And it's not just long term holders hurting, because the stock is down 22% in the last year. Unfortunately the share price momentum is still quite negative, with prices down 9.7% in thirty days. But this could be related to poor market conditions -- stocks are down 6.8% in the same time.
選股的主要目標是找到市場超額收益的股票。但目標是尋找足夠多的贏家來抵消輸家。因此,長揸新希望(New Hope Liuhe Co.,Ltd.,SZSE:000876)的股東對持有決定感到懷疑,因爲股票在半個十年中下跌了49%。不僅長揸者受到傷害,因爲股票在過去一年中下跌了22%。不幸的是,股價動力仍然相當負面,價格在30天內下跌了9.7%。但這可能與市場不佳的情況有關,股票在同一時間內下跌了6.8%。
It's worthwhile assessing if the company's economics have been moving in lockstep with these underwhelming shareholder returns, or if there is some disparity between the two. So let's do just that.
值得評估公司的經濟狀況是否與這些不盡如人意的股東回報同時發展並步調一致,或者兩者之間是否存在差異。因此,讓我們來看看。
While New Hope LiuheLtd made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. As a general rule, we think this kind of company is more comparable to loss-making stocks, since the actual profit is so low. For shareholders to have confidence a company will grow profits significantly, it must grow revenue.
雖然新希望六合股份有限公司最近一年實現了小幅盈利,但我們認爲,市場目前可能更關注銷售收入的增長。一般而言,我們認爲這種公司更可與虧損的股票進行比較,因爲實際利潤非常低。要讓股東有信心公司會大幅增加利潤,它必須增加收入。
In the last half decade, New Hope LiuheLtd saw its revenue increase by 14% per year. That's a fairly respectable growth rate. We doubt many shareholders are ok with the fact the share price has fallen 8% each year for half a decade. Those who bought back then clearly believed in stronger growth - and maybe even profits. The lesson is that if you buy shares in a money losing company you could end up losing money.
在過去的半個十年裏,新希望六合股份有限公司每年的收入增長率爲14%。這是相當可觀的增長率。我們懷疑許多股東不滿足於這樣一個事實,即股價每年下跌8%,這個趨勢已經持續了半個十年。那些當時買進的人顯然相信會有更強的增長,甚至是利潤。教訓是,如果你購買了一個虧錢的公司的股票,你可能會虧錢。
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/7781/20240628/0-15c69bd39d0d4edb50bc6b49b155c714-0-6ac56f837dfd4373a9fce480a093e667.png/big)
We know that New Hope LiuheLtd has improved its bottom line lately, but what does the future have in store? If you are thinking of buying or selling New Hope LiuheLtd stock, you should check out this free report showing analyst profit forecasts.
我們知道新希望六合股份有限公司最近改善了其底線,但未來會怎樣呢?如果你在考慮買入或賣出新希望六合股份有限公司的股票,你應該查看這篇免費的報告,其中顯示了分析師的利潤預測。
A Different Perspective
不同的觀點
While the broader market lost about 16% in the twelve months, New Hope LiuheLtd shareholders did even worse, losing 22%. 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. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 8% over the last half decade. 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. 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. Case in point: We've spotted 2 warning signs for New Hope LiuheLtd you should be aware of.
雖然整個市場在12個月內大約下跌了16%,但新希望六合股份有限公司的股東表現得更糟,下跌了22%。然而,股價可能只是受到更廣泛的市場恐慌的影響。我們可能要關注基本面,以防好的機會出現。不幸的是,去年的表現可能表明存在未解決的挑戰,因爲它比過去半個十年的年化虧損8%還要糟糕。我們知道,羅斯柴爾德男爵曾說過投資者應該“在街上流血時購買”,但我們提醒投資者首先要確信自己在購買高質量的業務。我認爲長期來看股價是業績的代理,很有趣。但要真正獲得見解,我們還需要考慮其他信息。就拿這個例子來說:我們發現了新希望六合股份有限公司的2個警示信號,你應該知道。
For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.
對於那些喜歡尋找獲勝投資的人來說,最近有內部購買的低估公司免費列表可能是一個很好的選擇。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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。或者,發送電子郵件至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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。