Guangdong Songfa CeramicsLtd (SHSE:603268 Investor Five-year Losses Grow to 12% as the Stock Sheds CN¥456m This Past Week
Guangdong Songfa CeramicsLtd (SHSE:603268 Investor Five-year Losses Grow to 12% as the Stock Sheds CN¥456m This Past Week
For many, the main point of investing is to generate higher returns than the overall market. But in any portfolio, there will be mixed results between individual stocks. At this point some shareholders may be questioning their investment in Guangdong Songfa Ceramics Co.,Ltd. (SHSE:603268), since the last five years saw the share price fall 12%. On top of that, the share price is down 19% in the last week. However, this move may have been influenced by the broader market, which fell 9.4% in that time.
對於許多人來說,投資的要點是產生比整個市場更高的回報。但是在任何投資組合中,個股之間的結果都會好壞參半。此時,一些股東可能會質疑他們對廣東松發陶瓷有限公司的投資。, Ltd.(上海證券交易所代碼:603268),自過去五年股價下跌12%以來。最重要的是,上週股價下跌了19%。但是,這一舉動可能受到大盤的影響,當時大盤下跌了9.4%。
Given the past week has been tough on shareholders, let's investigate the fundamentals and see what we can learn.
鑑於過去一週對股東來說很艱難,讓我們調查一下基本面,看看我們能學到什麼。
Given that Guangdong Songfa CeramicsLtd 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. Shareholders of unprofitable companies usually expect strong revenue growth. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.
鑑於廣東松發陶瓷有限公司在過去十二個月中沒有盈利,我們將專注於收入增長,以快速了解其業務發展。無利可圖的公司的股東通常期望強勁的收入增長。可以想象,收入的快速增長如果持續下去,通常會帶來利潤的快速增長。
Over half a decade Guangdong Songfa CeramicsLtd reduced its trailing twelve month revenue by 18% for each year. That's definitely a weaker result than most pre-profit companies report. It seems pretty reasonable to us that the share price dipped 2% per year in that time. 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'.
在過去的五年中,廣東松發陶瓷有限公司過去十二個月的收入每年減少18%。這絕對比大多數盈利前公司報告的結果要差。在我們看來,當時股價每年下跌2%,這似乎是合理的。我們懷疑許多股東對這種股價表現感到滿意。企業有可能反彈,但正如巴菲特所說,“轉機很少會轉機”。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下圖顯示了收入和收入隨時間推移的跟蹤情況(如果您點擊圖片,可以看到更多細節)。
![earnings-and-revenue-growth](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240206/0-245d3925e731897eb2e4bac9a97b4ecb-0-71cc2cc5ab47b4549704488b1ca220b8.png/big)
You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.
您可以在這張免費的交互式圖片中看到其資產負債表如何隨着時間的推移而增強(或減弱)。
A Different Perspective
不同的視角
While it's never nice to take a loss, Guangdong Songfa CeramicsLtd shareholders can take comfort that their trailing twelve month loss of 3.2% wasn't as bad as the market loss of around 26%. Unfortunately, last year's performance may indicate unresolved challenges, given that it's worse than the annualised loss of 2% over the last half decade. Whilst Baron Rothschild does tell the investor "buy when there's blood in the streets, even if the blood is your own", buyers would need to examine the data carefully to be comfortable that the business itself is sound. It's always interesting to track share price performance over the longer term. But to understand Guangdong Songfa CeramicsLtd better, we need to consider many other factors. Case in point: We've spotted 3 warning signs for Guangdong Songfa CeramicsLtd you should be aware of, and 2 of them are a bit concerning.
儘管虧損從來都不是一件好事,但廣東松發陶瓷有限公司的股東可以放心,他們過去十二個月的3.2%的虧損沒有26%左右的市場虧損那麼嚴重。不幸的是,去年的表現可能預示着尚未解決的挑戰,因爲它比過去五年中2%的年化虧損還要糟糕。儘管羅斯柴爾德男爵確實告訴投資者 “街上有血時買入,即使血液是你自己的”,但買家需要仔細檢查數據,以確定業務本身是健全的。長期跟蹤股價表現總是很有意思的。但是,要更好地了解廣東松發陶瓷有限公司,我們需要考慮許多其他因素。一個很好的例子:我們已經發現了你應該注意的廣東松發陶瓷有限公司的三個警告標誌,其中兩個有點令人擔憂。
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
對於那些喜歡尋找中獎投資的人來說,這份最近有內幕收購的成長型公司的免費名單可能只是門票。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.
請注意,本文引用的市場回報反映了目前在中國交易所交易的股票的市場加權平均回報。
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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。