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Strong Week for Liqun Commercial GroupLtd (SHSE:601366) Shareholders Doesn't Alleviate Pain of Five-year Loss

Strong Week for Liqun Commercial GroupLtd (SHSE:601366) Shareholders Doesn't Alleviate Pain of Five-year Loss

利群商业集团有限公司(上海证券交易所代码:601366)股东表现强劲的一周并不能缓解五年亏损的痛苦
Simply Wall St ·  03/08 17:59

Liqun Commercial Group Co.,Ltd. (SHSE:601366) shareholders will doubtless be very grateful to see the share price up 41% in the last month. But if you look at the last five years the returns have not been good. After all, the share price is down 30% in that time, significantly under-performing the market.

利群商业集团有限公司, Ltd.(上海证券交易所代码:601366)股东们无疑会非常感激看到上个月股价上涨了41%。但是,如果你看看过去的五年,回报并不理想。毕竟,当时股价下跌了30%,表现大大低于市场。

Although the past week has been more reassuring for shareholders, they're still in the red over the last five years, so let's see if the underlying business has been responsible for the decline.

尽管过去一周令股东更加放心,但在过去五年中,他们仍处于亏损状态,所以让我们看看基础业务是否是造成下降的原因。

Given that Liqun Commercial GroupLtd didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. 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 does expect good top-line growth.

鉴于利群商业集团有限公司在过去十二个月中没有盈利,我们将专注于收入增长,以快速了解其业务发展。一般而言,没有利润的公司预计每年收入将增长,而且速度很快。一些公司愿意推迟盈利以更快地增加收入,但在这种情况下,人们确实预计收入会有良好的增长。

Over half a decade Liqun Commercial GroupLtd reduced its trailing twelve month revenue by 11% for each year. That puts it in an unattractive cohort, to put it mildly. On the face of it we'd posit the share price fall of 5% compound, over five years is well justified by the fundamental deterioration. We doubt many shareholders are delighted with this share price performance. It is possible for businesses to bounce back but as Buffett says, 'turnarounds seldom turn'.

在过去的五年中,利群商业集团有限公司过去十二个月的收入每年减少11%。客气地说,这使它成为一个没有吸引力的群体。从表面上看,我们认为股价在五年内复合下跌了5%,这完全是基本面恶化所证明的。我们怀疑许多股东对这种股价表现感到满意。企业有可能反弹,但正如巴菲特所说,“转机很少会转机”。

The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).

公司的收入和收益(随着时间的推移)如下图所示(点击查看确切数字)。

earnings-and-revenue-growth
SHSE:601366 Earnings and Revenue Growth March 8th 2024
SHSE: 601366 2024 年 3 月 8 日收益和收入增长

This free interactive report on Liqun Commercial GroupLtd's balance sheet strength is a great place to start, if you want to investigate the stock further.

如果你想进一步调查该股,这份关于利群商业集团有限公司资产负债表实力的免费互动报告是一个很好的起点。

What About Dividends?

分红呢?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Liqun Commercial GroupLtd, it has a TSR of -23% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!

在考虑投资回报时,重要的是要考虑两者之间的区别 股东总回报 (TSR) 和 股价回报。基于股息再投资的假设,股东总回报率纳入了任何分拆或贴现资本筹集的价值以及任何股息。可以公平地说,股东总回报率为支付股息的股票提供了更完整的画面。就利群商业集团有限公司而言,其在过去5年的股东回报率为-23%。这超过了我们之前提到的其股价回报率。这在很大程度上是其股息支付的结果!

A Different Perspective

不同的视角

While it's certainly disappointing to see that Liqun Commercial GroupLtd shares lost 12% throughout the year, that wasn't as bad as the market loss of 15%. Given the total loss of 4% per year over five years, it seems returns have deteriorated in the last twelve months. While some investors do well specializing in buying companies that are struggling (but nonetheless undervalued), don't forget that Buffett said that 'turnarounds seldom turn'. 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 Liqun Commercial GroupLtd is showing 3 warning signs in our investment analysis , and 2 of those don't sit too well with us...

尽管看到利群商业集团有限公司的股价全年下跌12%肯定令人失望,但这还不如15%的市场跌幅那么糟糕。鉴于五年来每年的总损失为4%,在过去的十二个月中,回报率似乎有所下降。尽管一些投资者在专门收购陷入困境(但仍被低估)的公司方面表现良好,但不要忘记巴菲特说过 “转机很少会转机”。我发现将长期股价视为业务绩效的代表非常有趣。但是,要真正获得见解,我们还需要考虑其他信息。即便如此,请注意,利群商业集团有限公司在我们的投资分析中显示了3个警告信号,其中2个对我们来说并不太合适...

Of course Liqun Commercial GroupLtd may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

当然,利群商业集团有限公司可能不是最值得购买的股票。因此,您可能希望看到这批免费的成长股。

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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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.

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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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