Chongqing Three Gorges Water Conservancy and Electric Power (SHSE:600116) Shareholders Have Lost 9.9% Over 1 Year, Earnings Decline Likely the Culprit
Chongqing Three Gorges Water Conservancy and Electric Power (SHSE:600116) Shareholders Have Lost 9.9% Over 1 Year, Earnings Decline Likely the Culprit
Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. When you buy individual stocks, you can make higher profits, but you also face the risk of under-performance. Investors in Chongqing Three Gorges Water Conservancy and Electric Power Co., Ltd. (SHSE:600116) have tasted that bitter downside in the last year, as the share price dropped 11%. That's well below the market decline of 4.8%. However, the longer term returns haven't been so bad, with the stock down 5.4% in the last three years.
被動投資指數基金是確保自己的回報與整體市場大致匹配的好方法。當你買入個股時,你可以獲得更高的利潤,但你也面臨表現不佳的風險。去年,由於股價下跌了11%,重慶三峽水利電力有限公司(SHSE:600116)的投資者經歷了這種嚴重的下行空間。這遠低於4.8%的市場跌幅。但是,長期回報並沒有那麼糟糕,該股在過去三年中下跌了5.4%。
After losing 3.9% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance.
在上週下跌3.9%之後,值得調查該公司的基本面,看看我們可以從過去的表現中推斷出什麼。
See our latest analysis for Chongqing Three Gorges Water Conservancy and Electric Power
查看我們對重慶三峽水利和電力的最新分析
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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).
用本傑明·格雷厄姆的話來說:從短期來看,市場是一臺投票機器,但從長遠來看,它是一臺稱重機。研究市場情緒如何隨着時間的推移而變化的一種方法是研究公司股價與其每股收益(EPS)之間的相互作用。
Unhappily, Chongqing Three Gorges Water Conservancy and Electric Power had to report a 24% decline in EPS over the last year. This fall in the EPS is significantly worse than the 11% the share price fall. It may have been that the weak EPS was not as bad as some had feared.
不幸的是,重慶三峽水利電力不得不報告每股收益比去年下降了24%。每股收益的下降明顯比股價下跌11%的要糟糕。可能是,疲軟的每股收益沒有某些人擔心的那麼糟糕。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
你可以在下面看到 EPS 是如何隨着時間的推移而變化的(點擊圖片發現確切的值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231114/0-c9537c5165f04abf7a73f6ae771083ec-0-800322f2413e75681ec134544ec7aa85.png/big)
Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.
在買入或賣出股票之前,我們始終建議仔細研究歷史增長趨勢,可在此處查閱。
A Different Perspective
不同的視角
We regret to report that Chongqing Three Gorges Water Conservancy and Electric Power shareholders are down 9.9% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 4.8%. 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 0.3% over the last half decade. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. 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 Chongqing Three Gorges Water Conservancy and Electric Power is showing 3 warning signs in our investment analysis , and 1 of those is a bit unpleasant...
我們遺憾地報告,重慶三峽水利和電力公司的股東今年下降了9.9%(包括股息)。不幸的是,這比大盤下跌4.8%還要嚴重。但是,可能僅僅是股價受到了更廣泛的市場緊張情緒的影響。如果有很好的機會,可能值得關注基本面。不幸的是,去年的表現可能表明挑戰尚未得到解決,因爲這比過去五年來0.3%的年化虧損還要嚴重。總的來說,長期股價疲軟可能是一個壞兆頭,儘管逆勢投資者可能希望研究該股,希望出現轉機。我發現從長遠來看,將股價視爲業務表現的代表非常有趣。但是,要真正獲得見解,我們還需要考慮其他信息。即便如此,請注意,重慶三峽水利電力在我們的投資分析中顯示了3個警告信號,其中一個有點令人不快...
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
如果你想看看另一家公司——一家財務狀況可能優異的公司——那麼千萬不要錯過這份已經證明自己可以增加收益的公司的免費名單。
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交易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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。