Jiangxi Hongcheng EnvironmentLtd (SHSE:600461) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Jiangxi Hongcheng EnvironmentLtd (SHSE:600461) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Unsurprisingly, Jiangxi Hongcheng Environment Co.,Ltd.'s (SHSE:600461) stock price was strong on the back of its healthy earnings report. We did some analysis and think that investors are missing some details hidden beneath the profit numbers.
不出所料，江西洪城環境有限公司, Ltd. 's（上海證券交易所代碼：600461）的股價因其健康的收益報告而表現強勁。我們做了一些分析，認爲投資者遺漏了一些隱藏在利潤數字之下的細節。
In order to understand the potential for per share returns, it is essential to consider how much a company is diluting shareholders. In fact, Jiangxi Hongcheng EnvironmentLtd increased the number of shares on issue by 13% 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 Jiangxi Hongcheng EnvironmentLtd's EPS by clicking here.
爲了了解每股回報的可能性，必須考慮公司在多大程度上稀釋了股東。實際上，江西宏成環境股份有限公司通過發行新股，在過去十二個月中將已發行股票數量增加了13％。因此，每股現在獲得的利潤比例較小。每股收益等每股指標可以幫助我們了解實際股東從公司的利潤中受益的程度，而淨收入水平則使我們能夠更好地了解公司的絕對規模。您可以點擊此處查看江西宏成環境有限公司的每股收益圖表。
How Is Dilution Impacting Jiangxi Hongcheng EnvironmentLtd's Earnings Per Share (EPS)?
稀釋如何影響江西宏城環保有限公司的每股收益（EPS）？
Jiangxi Hongcheng EnvironmentLtd has improved its profit over the last three years, with an annualized gain of 63% in that time. In comparison, earnings per share only gained 41% over the same period. And in the last year the company managed to bump profit up by 13%. On the other hand, earnings per share are only up 7.6% in that time. And so, you can see quite clearly that dilution is influencing shareholder earnings.
江西宏成環境有限公司在過去三年中利潤有所改善，同期年化增長63％。相比之下，收益 每股 同期僅上漲了41％。去年，該公司設法將利潤提高了13％。另一方面，收益 每股 在此期間僅上漲了7.6％。因此，你可以清楚地看到稀釋正在影響股東收益。
Changes in the share price do tend to reflect changes in earnings per share, in the long run. So it will certainly be a positive for shareholders if Jiangxi Hongcheng EnvironmentLtd can grow EPS persistently. But on the other hand, we'd be far less excited to learn profit (but not EPS) was improving. For the ordinary retail shareholder, EPS is a great measure to check your hypothetical "share" of the company's profit.
從長遠來看，股價的變化往往會反映每股收益的變化。因此，如果江西宏成環境有限公司能夠持續增長每股收益，對股東來說肯定是積極的。但另一方面，得知利潤（但不是每股收益）在改善，我們就不那麼興奮了。對於普通零售股東來說，每股收益是檢查您假設的公司利潤 “份額” 的好方法。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Jiangxi Hongcheng EnvironmentLtd.
注意：我們始終建議投資者檢查資產負債表的實力。點擊此處查看我們對江西宏成環境有限公司的資產負債表分析
Our Take On Jiangxi Hongcheng EnvironmentLtd's Profit Performance
我們對江西宏城環境有限公司盈利表現的看法
Each Jiangxi Hongcheng EnvironmentLtd share now gets a meaningfully smaller slice of its overall profit, due to dilution of existing shareholders. Therefore, it seems possible to us that Jiangxi Hongcheng EnvironmentLtd's true underlying earnings power is actually less than its statutory profit. But at least holders can take some solace from the 41% per annum growth in EPS for the last three. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. While conducting our analysis, we found that Jiangxi Hongcheng EnvironmentLtd has 3 warning signs and it would be unwise to ignore them.
由於現有股東的稀釋，江西宏成環境有限公司的每股股票現在在總利潤中所佔的份額都要小得多。因此，在我們看來，江西宏成環境有限公司的真正基礎盈利能力實際上可能低於其法定利潤。但是，至少持有人可以從過去三年的每股收益每年增長41％中得到一些安慰。歸根結底，如果你想正確地了解公司，必須考慮的不僅僅是上述因素。有鑑於此，如果你想對公司進行更多分析，了解所涉及的風險至關重要。在進行分析時，我們發現江西宏成環境有限公司有3個警告標誌，忽視它們是不明智的。
Today we've zoomed in on a single data point to better understand the nature of Jiangxi Hongcheng EnvironmentLtd's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.
今天，我們放大了單一數據點，以更好地了解江西宏成環境有限公司利潤的性質。但是，如果你能夠將注意力集中在細節上，總會有更多的事情需要發現。有些人認爲高股本回報率是優質業務的好兆頭。因此，你可能希望看到這份免費收藏的擁有高股本回報率的公司，或者這份內部人士正在購買的股票清單。
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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。
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