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Suzhou Chunxing Precision Mechanical (SZSE:002547 Investor Five-year Losses Grow to 49% as the Stock Sheds CN¥609m This Past Week

Suzhou Chunxing Precision Mechanical (SZSE:002547 Investor Five-year Losses Grow to 49% as the Stock Sheds CN¥609m This Past Week

在過去一週,春興精工(SZSE:002547)投資者五年來的損失增長了49%,股價蒸發了60900萬人民幣
Simply Wall St ·  11/16 06:08

It is doubtless a positive to see that the Suzhou Chunxing Precision Mechanical Co., Ltd. (SZSE:002547) share price has gained some 53% in the last three months. But over the last half decade, the stock has not performed well. In fact, the share price is down 49%, which falls well short of the return you could get by buying an index fund.

在過去三個月中,春興精工(SZSE:002547)股價上漲了約53%,這是一個積極的信號。但在過去的半個十年裏,該股表現不佳。實際上,股價下跌了49%,遠遠低於購買指數基金可以獲得的回報。

Since Suzhou Chunxing Precision Mechanical has shed CN¥609m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.

由於過去7天匯控精工(Suzhou Chunxing Precision Mechanical)股價下跌了6,0900萬人民幣,讓我們看看長期下跌是否受到企業經濟因素的推動。

Suzhou Chunxing Precision Mechanical wasn't profitable in the last twelve months, it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. Some companies are willing to postpone profitability to grow revenue faster, but in that case one would hope for good top-line growth to make up for the lack of earnings.

在過去十二個月中,春興精工(Suzhou Chunxing Precision Mechanical)沒有盈利,因此很難看到其股價與每股收益(EPS)之間有強相關性。或許營業收入是我們的下一個最佳選擇。一般來說,預期無利潤的公司每年都會增長營業收入,並且速度較快。有些公司願意推遲盈利以更快地增長營業收入,但這種情況下,人們希望通過良好的營收增長來彌補盈利缺失。

In the last five years Suzhou Chunxing Precision Mechanical saw its revenue shrink by 29% per year. That puts it in an unattractive cohort, to put it mildly. It seems pretty reasonable to us that the share price dipped 8% per year in that time. This loss means the stock shareholders are probably pretty annoyed. It is possible for businesses to bounce back but as Buffett says, 'turnarounds seldom turn'.

在過去五年中,春興精工(Suzhou Chunxing Precision Mechanical)的營業收入每年減少了29%。這使其處於一個不太吸引人的隊列中,委婉地說。在那段時間內,股價每年下跌8%,這種損失意味着股東可能感到相當惱火。企業有可能東山再起,但正如巴菲特所說,「扭轉局面的機會很少發生」。

You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).

您可以在下方圖片中看到盈利和營業收入隨時間的變化(單擊圖表查看準確數值)。

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SZSE:002547 Earnings and Revenue Growth November 15th 2024
SZSE:002547 2024年11月15日的盈利和營業收入增長

Balance sheet strength is crucial. It might be well worthwhile taking a look at our free report on how its financial position has changed over time.

資產負債表實力非常重要。查看我們關於其財務狀況如何隨時間變化的免費報告可能非常值得。

A Different Perspective

另一種看法

Investors in Suzhou Chunxing Precision Mechanical had a tough year, with a total loss of 18%, against a market gain of about 8.9%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. 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 1 warning sign for Suzhou Chunxing Precision Mechanical you should be aware of.

春興精工的投資者經歷了艱難的一年,全年虧損18%,而市場收益約爲8.9%。即使優質股票的股價有時也會下跌,但我們希望在對業務基本指標有所改善之前,不要過於感興趣。不幸的是,去年的表現可能表明存在未解決的挑戰,因爲它比過去半個世紀的年化虧損8%還要糟糕。我們意識到羅斯柴爾德男爵曾說過投資者應該"在街上流血時買入",但我們警告投資者首先要確信他們在購買一個高素質的業務。我發現長期觀察股價作爲業務表現的一種代理很有趣。但爲了真正獲得見解,我們還需要考慮其他信息。舉例來說:我們發現春興精工有1個警告跡象,您應該注意。

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,本文中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.

對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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