Despite Shrinking by CN¥517m in the Past Week, Shanghai Guao Electronic Technology (SZSE:300551) Shareholders Are Still up 411% Over 5 Years
Despite Shrinking by CN¥517m in the Past Week, Shanghai Guao Electronic Technology (SZSE:300551) Shareholders Are Still up 411% Over 5 Years
Shanghai Guao Electronic Technology Co., Ltd. (SZSE:300551) shareholders might be concerned after seeing the share price drop 16% in the last quarter. But that does not change the realty that the stock's performance has been terrific, over five years. Indeed, the share price is up a whopping 409% in that time. Arguably, the recent fall is to be expected after such a strong rise. But the real question is whether the business fundamentals can improve over the long term.
上海国高电子科技有限公司。(SZSE：300551)在看到上季度股价下跌16%后，股东可能会感到担忧。但这并没有改变这样一个事实，即该股在过去五年里表现出色。事实上，在这段时间里，该公司股价大幅上涨了409%。可以说，在如此强劲的上涨之后，最近的下跌是意料之中的。但真正的问题是，业务基本面能否在长期内得到改善。
While this past week has detracted from the company's five-year return, let's look at the recent trends of the underlying business and see if the gains have been in alignment.
虽然过去一周该公司的五年回报率有所下降，但让我们来看看基本业务的近期趋势，看看收益是否一致。
Check out our latest analysis for Shanghai Guao Electronic Technology
查看我们对上海国高电子科技的最新分析
To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
用巴菲特的话说，“船只将在世界各地航行，但平坦的地球协会将蓬勃发展。市场上的价格和价值之间将继续存在巨大的差异……”通过比较每股收益(EPS)和股价随时间的变化，我们可以感受到投资者对一家公司的态度随着时间的推移发生了怎样的变化。
During five years of share price growth, Shanghai Guao Electronic Technology actually saw its EPS drop 41% per year.
在股价上涨的五年中，上海国高电子科技的每股收益实际上以每年41%的速度下降。
This means it's unlikely the market is judging the company based on earnings growth. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.
这意味着市场不太可能根据盈利增长来评判该公司。由于每股收益的变化似乎与股价的变化没有相关性，因此值得看看其他指标。
In contrast revenue growth of 10% per year is probably viewed as evidence that Shanghai Guao Electronic Technology is growing, a real positive. It's quite possible that management are prioritizing revenue growth over EPS growth at the moment.
相比之下，每年10%的收入增长可能被视为上海国高电子科技正在增长的证据，这是一个真正的积极因素。目前，管理层很有可能将收入增长置于每股收益增长之上。
You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).
你可以在下面看到收入和收入是如何随着时间的推移而变化的(点击图片可以发现确切的价值)。
This free interactive report on Shanghai Guao Electronic Technology's balance sheet strength is a great place to start, if you want to investigate the stock further.
这免费如果你想进一步调查该股，关于上海国高电子科技资产负债表实力的互动报告是一个很好的起点。
What About The Total Shareholder Return (TSR)?
那么总股东回报(TSR)呢？
We've already covered Shanghai Guao Electronic Technology's share price action, but we should also mention its total shareholder return (TSR). Arguably the TSR is a more complete return calculation because it accounts for the value of dividends (as if they were reinvested), along with the hypothetical value of any discounted capital that have been offered to shareholders. Shanghai Guao Electronic Technology's TSR of 411% for the 5 years exceeded its share price return, because it has paid dividends.
我们已经报道了上海国奥电子科技的股价走势，但我们还应该提到它的总股东回报(TSR)。可以说，TSR是一种更完整的回报计算方法，因为它计入了股息的价值(就像它们被再投资一样)，以及向股东提供的任何贴现资本的假设价值。上海国高电子科技5年TSR为411%，超过了其股价回报，因为它派发了股息。
A Different Perspective
不同的视角
It's good to see that Shanghai Guao Electronic Technology has rewarded shareholders with a total shareholder return of 96% in the last twelve months. That's better than the annualised return of 39% over half a decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. 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. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Shanghai Guao Electronic Technology , and understanding them should be part of your investment process.
很高兴看到上海国高电子科技在过去12个月里回报了股东96%的总回报。这比过去五年39%的年化回报率要好，这意味着该公司最近的表现更好。在最好的情况下，这可能暗示着一些真正的商业势头，意味着现在可能是深入研究的好时机。我发现，把股价作为衡量企业业绩的长期指标是非常有趣的。但为了真正获得洞察力，我们还需要考虑其他信息。例如，考虑一下无处不在的投资风险幽灵。我们已经确定了两个警告信号与上海国高电子科技合作，了解他们应该是你投资过程的一部分。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.
当然了,如果你把目光投向别处，你可能会发现这是一笔很棒的投资。所以让我们来看看这个免费我们预计收益将会增长的公司名单。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.
请注意，本文引用的市场回报反映了目前在中国交易所交易的股票的市场加权平均回报。
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