The Past Five Years for China Aluminum International Engineering (SHSE:601068) Investors Has Not Been Profitable
The Past Five Years for China Aluminum International Engineering (SHSE:601068) Investors Has Not Been Profitable
In the last five years China Aluminum International Engineering saw its revenue shrink by 7.1% per year. That's not what investors generally want to see. The share price decline at a rate of 6% per year is disappointing. Unfortunately, though, it makes sense given the lack of either profits or revenue growth. It might be worth watching for signs of a turnaround - buyers are probably expecting one. In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But even the best stock picker will only win with some selections. So we wouldn't blame long term China Aluminum International Engineering Corporation Limited (SHSE:601068) shareholders for doubting their decision to hold, with the stock down 37% over a half decade. And it's not just long term holders hurting, because the stock is down 20% in the last year. Furthermore, it's down 14% in about a quarter. That's not much fun for holders. But this could be related to the weak market, which is down 12% in the same period.
为了证明选择个别股票的努力是值得的，努力超过市场指数基金的回报是值得的。但即使是最好的股票选择者也只能赢得一些股票。因此，我们不会责怪中国铝业国际工程股份有限公司（SHSE:601068）的长期股东对他们持有的决定表示怀疑，因为该股在过去五年中下跌了37％。并且，长期持有者并不只是受到了伤害，因为该股在过去一年中下跌了20％。此外，它在一个季度内下跌了14％。这对于股东来说并不好玩。但这可能与市场疲软有关，该市场在同一时期下跌了12％。
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
鉴于此，值得看看该公司的基本面是否一直是长期业绩的驱动因素，或者是否存在一些不一致之处。
China Aluminum International Engineering wasn't profitable in the last twelve months, it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. When a company doesn't make profits, we'd generally hope to see good revenue growth. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size.
在过去十二个月中，中国铝业国际工程没有盈利，因此其股价与每股收益（EPS）之间不太可能存在强相关性。可以说，收入是我们的下一个最佳选择。当一家公司没有盈利时，我们通常希望看到良好的收入增长。这是因为快速的收入增长可以很容易地推导出预测的利润，通常规模可观。
In the last five years China Aluminum International Engineering saw its revenue shrink by 7.1% per year. That's not what investors generally want to see. The share price decline at a rate of 6% per year is disappointing. Unfortunately, though, it makes sense given the lack of either profits or revenue growth. It might be worth watching for signs of a turnaround - buyers are probably expecting one.
在过去五年中，中国铝业国际工程的营业收入每年减少7.1％。这并不是投资者通常希望看到的。股价每年以6％的速度下降令人失望。不幸的是，这是有道理的，因为没有利润或收入增长。可能值得留意企稳迹象-买家可能期望其中之一。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下图显示了收益和营收随时间变化的情况（如果你点击图像，可以看到更多细节）：
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Dive deeper into the earnings by checking this interactive graph of China Aluminum International Engineering's earnings, revenue and cash flow.
我们很高兴地报告，与同类公司相比，CEO的报酬要适度得多。但是，虽然检查CEO的薪酬总是值得的，但真正重要的问题是公司未来能否增长收益。通过查看中铝国际的盈利、营业收入和现金流的互动图表，进一步了解盈利情况。
A Different Perspective
不同的观点
While the broader market lost about 16% in the twelve months, China Aluminum International Engineering shareholders did even worse, losing 20%. 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 6% 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. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for China Aluminum International Engineering you should know about.
虽然整个市场在过去12个月内损失了约16%，但中铝国际的股东们遭受了更严重的损失，损失了20%。然而，这可能仅是股价受到了更广泛的市场担忧的影响。值得注意的是，为了寻找好机会，可能值得密切关注基本面信息。遗憾的是，去年的表现为五年来股东们负担了每年6%的总损失。一般来说，长期股价走弱可能是一个不好的迹象，尽管逆向投资者可能会希望研究该股票以寻求逆转。我发现长期观察股价作为业绩表现的一种替代方法非常有趣。但是为了真正获得洞察力，我们还需要考虑其他信息。比如，考虑风险。每个公司都会面临风险，我们发现了中国中铝国际工程股份有限公司的1个警告信号，你应该了解一下。
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.
如果您愿意查看另一家公司（具有潜在的更好财务状况），请不要错过这个免费的公司列表，证明它们可以增长收益。
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上市的股票的市场加权平均回报。
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.
对本文有任何反馈？对内容有任何疑虑？请直接与我们联系。或者，发送电子邮件至editorial-team@simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论，只使用公正的方法论，我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议，也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意，我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。