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.
當投資者所持有股票的價值下跌時，他們自然會感到失望。但在一個下跌的市場賺錢卻很困難。在過去的三年中，內蒙古君正能源化工集團股份有限公司(SHSE:601216)的股價下跌了26%，但是一旦你將股息包括在內，股東的總回報率爲-13%。這比在過去三年中下跌29%的市場要好。近期股東的運行甚至更加困難，股價在過去90天下跌了13%。當然，這股票價格的變化很可能受到整個期間市場跌幅12%的影響。
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.
鑑於此，值得看看該公司的基本面是否一直是長期業績的驅動因素，或者是否存在一些不一致之處。
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).
儘管市場是一個強大的價格機制，但股票價格反映的不僅是潛在業務績效，還反映了投資者的情緒。 了解市場情緒隨時間的變化的一種方法是查看公司的股價與每股收益（EPS）之間的互動。
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.
在股票價格下跌的三年期間，內蒙古君正能源化工集團股份有限公司的每股收益(EPS)每年下降了21%。這個EPS的下降比9%的年化複合股價下跌要更糟糕。因此，儘管之前經歷了失望，股東們必須對長期情況有一定信心。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下圖顯示了EPS隨時間的變化情況（如果您單擊該圖像，則可以查看更多詳細信息）。
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.
如果你想進一步調查這隻股票，內蒙古君正能源化工集團股份有限公司的收益、營業收入和現金流的免費互動報告是一個很好的起點。
What About Dividends?
那麼分紅怎麼樣呢？
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!
除了衡量股票價格回報之外，投資者還應考慮股東總回報(TSR)。TSR是一種回報計算，它考慮到了現金股息的價值(假設任何收到的股息都是再投資)以及任何折價的股本增發和分拆的計算值。因此，對於那些支付豐厚股息的公司，TSR通常比股票價格回報要高得多。在內蒙古君正能源化工集團股份有限公司的情況下，其TSR在過去的3年中爲-13%。這比我們之前提到的股票價格回報要高。這主要是由於其分紅派息造成的！
A Different Perspective
不同的觀點
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...
雖然看到內蒙古君正能源化工集團股份有限公司的股票在全年內下跌了6.6%，但這還不如市場損失18%糟糕。當然，長期回報更爲重要，好消息是，在過去五年中，這隻股票每年回報12%。在最好的情況下，過去一年只是走向更光明未來的一個暫時性波動。我認爲長期的股票價格是業務表現的一個代理。但是爲了真正獲得洞察力，我們需要考慮其他信息。即使如此，要知道內蒙古君正能源化工集團股份有限公司在我們的投資分析中顯示出了1個警告信號。
If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.
如果您像我一樣，就不會希望錯過這份免費的內部人士正在購買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.
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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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。
