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Yechiu Metal Recycling (China)'s (SHSE:601388) One-year Decline in Earnings Translates Into Losses for Shareholders

Yechiu Metal Recycling (China)'s (SHSE:601388) One-year Decline in Earnings Translates Into Losses for Shareholders

葉九金屬回收(中國)(上海證券交易所股票代碼:601388)一年的收益下降轉化爲股東的虧損
Simply Wall St ·  02/27 23:34

The simplest way to benefit from a rising market is to buy an index fund. While individual stocks can be big winners, plenty more fail to generate satisfactory returns. For example, the Yechiu Metal Recycling (China) Ltd. (SHSE:601388) share price is down 37% in the last year. That's disappointing when you consider the market declined 16%. Longer term shareholders haven't suffered as badly, since the stock is down a comparatively less painful 27% in three years. Furthermore, it's down 15% in about a quarter. That's not much fun for holders. But this could be related to the weak market, which is down 6.4% in the same period.

從市場上漲中獲益的最簡單方法是購買指數基金。儘管個股可以成爲大贏家,但更多股票無法產生令人滿意的回報。例如,葉洲金屬回收(中國)有限公司(上海證券交易所股票代碼:601388)的股價在去年下跌了37%。考慮到市場下跌了16%,這真是令人失望。長期股東的損失沒有那麼嚴重,因爲該股在三年內下跌了27%的痛苦。此外,它在大約一個季度內下降了15%。對於持有者來說,這並不好玩。但這可能與疲軟的市場有關,同期市場下跌了6.4%。

On a more encouraging note the company has added CN¥440m to its market cap in just the last 7 days, so let's see if we can determine what's driven the one-year loss for shareholders.

更令人鼓舞的是,該公司的市值在過去的7天內就增加了4.4億元人民幣,因此,讓我們看看我們能否確定是什麼導致了股東一年的虧損。

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

不可否認,市場有時是有效的,但價格並不總是能反映潛在的業務表現。評估公司情緒變化的一種有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。

Unhappily, Yechiu Metal Recycling (China) had to report a 56% decline in EPS over the last year. The share price fall of 37% isn't as bad as the reduction in earnings per share. So the market may not be too worried about the EPS figure, at the moment -- or it may have expected earnings to drop faster.

不幸的是,Yechiu金屬回收(中國)不得不報告說,去年的每股收益下降了56%。股價下跌37%還不如每股收益的下降那麼嚴重。因此,目前市場可能不太擔心每股收益的數字,或者可能預計收益會更快地下降。

The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).

下圖描述了 EPS 隨着時間的推移是如何變化的(點擊圖片可以看到確切的值)。

earnings-per-share-growth
SHSE:601388 Earnings Per Share Growth February 28th 2024
SHSE: 601388 每股收益增長 2024 年 2 月 28 日

This free interactive report on Yechiu Metal Recycling (China)'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該股,這份關於Yechiu Metal Recycling(中國)收益、收入和現金流的免費互動報告是一個很好的起點。

A Different Perspective

不同的視角

While the broader market lost about 16% in the twelve months, Yechiu Metal Recycling (China) shareholders did even worse, losing 36% (even including dividends). 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. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 3% per year over five years. 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. For instance, we've identified 2 warning signs for Yechiu Metal Recycling (China) that you should be aware of.

儘管整個市場在十二個月中下跌了約16%,但葉洲金屬回收(中國)股東的表現甚至更糟,損失了36%(甚至包括股息)。但是,可能只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。遺憾的是,去年的業績結束了糟糕的表現,股東在五年內每年面臨3%的總虧損。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以期出現轉機。我發現將長期股價視爲業務績效的代表非常有趣。但是,要真正獲得見解,我們還需要考慮其他信息。例如,我們已經確定了Yechiu金屬回收(中國)的兩個警告信號,你應該注意這一點。

Of course Yechiu Metal Recycling (China) may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

當然,Yechiu金屬回收(中國)可能不是最好的買入股票。因此,您可能希望看到這批免費的成長股。

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。

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?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。

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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