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.
宁波容百新能源科技有限公司上周的财报公告, Ltd.（上海证券交易所股票代码：688005）的利润数字疲软，令投资者失望。我们做了一些分析，发现有一些理由对标题数字持谨慎态度。
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.
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，宁波容百新能源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。点击此链接，查看宁波容百新能源科技有限公司的历史每股收益增长。
How Is Dilution Impacting Ningbo Ronbay New Energy TechnologyLtd's Earnings Per Share (EPS)?
稀释如何影响宁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.
宁波容百新能源科技有限公司在过去三年中利润有所提高，同期年化增长173％。去年的净利润实际上下降了57％。但是每股收益的业绩甚至更糟，该公司的下降幅度为58％。因此，你可以看到稀释对股东产生了一些影响。
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.
如果宁波容百新能源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。
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.
这可能会让你想知道分析师对未来盈利能力的预测。幸运的是，您可以单击此处查看根据他们的估计描绘未来盈利能力的交互式图表。
Our Take On Ningbo Ronbay New Energy TechnologyLtd's Profit Performance
我们对宁波容百新能源科技有限公司盈利表现的看法
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.
在过去的一年中，宁波容百新能源科技有限公司发行了新股，因此，每股收益和净收入增长之间存在明显的差异。因此，在我们看来，宁波容百新能源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。但好消息是，其在过去三年中的每股收益增长非常令人印象深刻。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。请记住，在分析股票时，值得注意所涉及的风险。在Simply Wall St，我们发现了宁波容百新能源科技有限公司的3个警告标志，我们认为它们值得你关注。
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.
这份报告只考虑了揭示宁波容百新能源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。例如，许多人认为高股本回报率是有利的商业经济的标志，而另一些人则喜欢 “关注资金”，寻找内部人士正在买入的股票。因此，你可能希望看到这份免费收藏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。
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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。
译文内容由第三方软件翻译。