Ningbo Ronbay New Energy TechnologyLtd's (SHSE:688005) Shareholders Have More To Worry About Than Only Soft Earnings
Ningbo Ronbay New Energy TechnologyLtd's (SHSE:688005) Shareholders Have More To Worry About Than Only Soft Earnings
Last week's earnings announcement from Ningbo Ronbay New Energy Technology Co.,Ltd. (SHSE:688005) was disappointing to investors, with a sluggish profit figure. We did some analysis, and found that there are some reasons to be cautious about the headline numbers.
寧波容百新能源科技有限公司上週的業績公告, Ltd.（上海證券交易所股票代碼：688005）的利潤數字疲軟，令投資者失望。我們做了一些分析，發現有一些理由對標題數字持謹慎態度。
In order to understand the potential for per share returns, it is essential to consider how much a company is diluting shareholders. In fact, Ningbo Ronbay New Energy 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. Check out Ningbo Ronbay New Energy TechnologyLtd's historical EPS growth by clicking on this link.
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，寧波容百新能源科技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7.4％。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。點擊此鏈接，查看寧波容百新能源科技有限公司的歷史每股收益增長。
How Is Dilution Impacting Ningbo Ronbay New Energy TechnologyLtd's Earnings Per Share (EPS)?
稀釋如何影響寧波容百新能源科技有限公司的每股收益（EPS）？
Ningbo Ronbay New Energy TechnologyLtd has improved its profit over the last three years, with an annualized gain of 173% in that time. Net profit actually dropped by 57% in the last year. But the EPS result was even worse, with the company recording a decline of 58%. So you can see that the dilution has had a bit of an impact on shareholders.
寧波容百新能源科技有限公司在過去三年中利潤有所提高，同期年化增長173％。去年的淨利潤實際上下降了57％。但是每股收益的業績甚至更糟，該公司的下降幅度爲58％。因此，你可以看到稀釋對股東產生了一些影響。
If Ningbo Ronbay New Energy 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.
如果寧波容百新能源科技有限公司的每股收益能夠隨着時間的推移而增長，那麼這將大大提高股價朝同一方向上漲的機會。但是，如果其利潤增加而每股收益保持不變（甚至下降），那麼股東可能看不到太多好處。出於這個原因，你可以說從長遠來看，每股收益比淨收入更重要，前提是目標是評估公司的股價是否可能上漲。
That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.
這可能會讓你想知道分析師對未來盈利能力的預測。幸運的是，您可以單擊此處查看根據他們的估計描繪未來盈利能力的交互式圖表。
Our Take On Ningbo Ronbay New Energy TechnologyLtd's Profit Performance
我們對寧波容百新能源科技有限公司盈利表現的看法
Over the last year Ningbo Ronbay New Energy TechnologyLtd issued new shares and so, there's a noteworthy divergence between EPS and net income growth. Therefore, it seems possible to us that Ningbo Ronbay New Energy TechnologyLtd's true underlying earnings power is actually less than its statutory profit. But the good news is that its EPS growth over the last three years has been very impressive. 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. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. At Simply Wall St, we found 3 warning signs for Ningbo Ronbay New Energy TechnologyLtd and we think they deserve your attention.
在過去的一年中，寧波容百新能源科技有限公司發行了新股，因此，每股收益和淨收入增長之間存在明顯的差異。因此，在我們看來，寧波容百新能源科技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。但好消息是，其在過去三年中的每股收益增長非常令人印象深刻。本文的目標是評估我們在多大程度上可以依靠法定收益來反映公司的潛力，但還有很多需要考慮的地方。請記住，在分析股票時，值得注意所涉及的風險。在Simply Wall St，我們發現了寧波容百新能源科技有限公司的3個警告標誌，我們認爲它們值得你關注。
This note has only looked at a single factor that sheds light on the nature of Ningbo Ronbay New Energy TechnologyLtd's profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. 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.
這份報告只考慮了揭示寧波容百新能源科技有限公司利潤性質的單一因素。但是，還有很多其他方法可以讓你對公司的看法。例如，許多人認爲高股本回報率是有利的商業經濟的標誌，而另一些人則喜歡 “關注資金”，尋找內部人士正在買入的股票。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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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。
譯文內容由第三人軟體翻譯。