Shanghai Sunglow Packaging TechnologyLtd's (SHSE:603499) Problems Go Beyond Weak Profit
Shanghai Sunglow Packaging TechnologyLtd's (SHSE:603499) Problems Go Beyond Weak Profit
A lackluster earnings announcement from Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) last week didn't sink the stock price. However, we believe that investors should be aware of some underlying factors which may be of concern.
上海阳光包装科技有限公司发布的财报乏善可陈, Ltd（上海证券交易所代码：603499）上周没有使股价下跌。但是，我们认为，投资者应注意一些可能令人担忧的潜在因素。
In order to understand the potential for per share returns, it is essential to consider how much a company is diluting shareholders. In fact, Shanghai Sunglow Packaging TechnologyLtd increased the number of shares on issue by 7.4% over the last twelve months by issuing new shares. Therefore, each share now receives a smaller portion of profit. Per share metrics like EPS help us understand how much actual shareholders are benefitting from the company's profits, while the net income level gives us a better view of the company's absolute size. You can see a chart of Shanghai Sunglow Packaging TechnologyLtd's EPS by clicking here.
为了了解每股回报的可能性，必须考虑公司在多大程度上稀释了股东。实际上，上海阳光包装科技有限公司通过发行新股，在过去十二个月中将已发行股票数量增加了7.4％。因此，每股现在获得的利润比例较小。每股收益等每股指标可以帮助我们了解实际股东从公司的利润中受益的程度，而净收入水平则使我们能够更好地了解公司的绝对规模。您可以点击此处查看上海阳光包装科技有限公司的每股收益图表。
A Look At The Impact Of Shanghai Sunglow Packaging TechnologyLtd's Dilution On Its Earnings Per Share (EPS)
看看上海阳光包装科技有限公司的稀释对其每股收益（EPS）的影响
As it happens, we don't know how much the company made or lost three years ago, because we don't have the data. And even focusing only on the last twelve months, we see profit is down 47%. Sadly, earnings per share fell further, down a full 47% in that time. So you can see that the dilution has had a bit of an impact on shareholders.
碰巧的是，我们不知道该公司三年前赚了多少或损失了多少，因为我们没有数据。而且，即使只关注过去的十二个月，我们也看到利润下降了47％。可悲的是，收入 每股 进一步下跌，当时下跌了整整47％。因此，你可以看到稀释对股东产生了一些影响。
If Shanghai Sunglow Packaging TechnologyLtd's EPS can grow over time then that drastically improves the chances of the share price moving in the same direction. However, if its profit increases while its earnings per share stay flat (or even fall) then shareholders might not see much benefit. For that reason, you could say that EPS is more important that net income in the long run, assuming the goal is to assess whether a company's share price might grow.
如果上海阳光包装科技有限公司的每股收益能够随着时间的推移而增长，那么这将大大提高股价朝着同一方向上涨的机会。但是，如果其利润增加而每股收益保持不变（甚至下降），那么股东可能看不到太多好处。出于这个原因，你可以说从长远来看，每股收益比净收入更重要，前提是目标是评估公司的股价是否可能上涨。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Shanghai Sunglow Packaging TechnologyLtd.
注意：我们始终建议投资者检查资产负债表的实力。点击此处查看我们对上海阳光包装科技有限公司的资产负债表分析。
Our Take On Shanghai Sunglow Packaging TechnologyLtd's Profit Performance
我们对上海阳光包装科技有限公司盈利表现的看法
Shanghai Sunglow Packaging TechnologyLtd issued shares during the year, and that means its EPS performance lags its net income growth. Therefore, it seems possible to us that Shanghai Sunglow Packaging TechnologyLtd's true underlying earnings power is actually less than its statutory profit. In further bad news, its earnings per share decreased in the last year. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. If you'd like to know more about Shanghai Sunglow Packaging TechnologyLtd as a business, it's important to be aware of any risks it's facing. To that end, you should learn about the 4 warning signs we've spotted with Shanghai Sunglow Packaging TechnologyLtd (including 2 which make us uncomfortable).
上海阳光包装科技有限公司在年内发行了股票，这意味着其每股收益表现落后于其净收入增长。因此，在我们看来，上海阳光包装科技有限公司的真正基础盈利能力实际上可能低于其法定利润。另一个坏消息是，其每股收益在去年有所下降。本文的目标是评估我们在多大程度上可以依靠法定收益来反映公司的潜力，但还有很多需要考虑的地方。如果您想进一步了解上海阳光包装科技有限公司的业务，请务必了解其面临的任何风险。为此，你应该了解我们在上海日光包装科技有限公司发现的4个警告标志（包括两个让我们感到不舒服的标志）。
This note has only looked at a single factor that sheds light on the nature of Shanghai Sunglow Packaging TechnologyLtd's profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying to be useful.
这份报告只考虑了揭示上海阳光包装科技有限公司利润性质的单一因素。但是，还有很多其他方法可以让你对公司的看法。有些人认为高股本回报率是优质业务的好兆头。虽然可能需要你进行一些研究，但你可能会发现这份免费收集的拥有高股本回报率的公司，或者这份内部人士正在购买的股票清单很有用。
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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。