Hunan Haili Chemical Industry (SHSE:600731) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Hunan Haili Chemical Industry (SHSE:600731) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Hunan Haili Chemical Industry has improved its profit over the last three years, with an annualized gain of 153% in that time. And at a glance the 37% gain in profit over the last year impresses. On the other hand, earnings per share are only up 40% in that time. So you can see that the dilution has had a bit of an impact on shareholders. Hunan Haili Chemical Industry Co., Ltd. (SHSE:600731) just reported some strong earnings, and the market reacted accordingly with a healthy uplift in the share price. We did some analysis and think that investors are missing some details hidden beneath the profit numbers.
湖南海力化工有限公司 （SHSE: 600731）剛剛公佈了一些強勁的收益，市場也做出了相應的反應，股價出現了健康的上漲。我們做了一些分析，認爲投資者錯過了隱藏在利潤數字之下的一些細節。
See our latest analysis for Hunan Haili Chemical Industry
查看我們對湖南海力化工的最新分析
In order to understand the potential for per share returns, it is essential to consider how much a company is diluting shareholders. As it happens, Hunan Haili Chemical Industry issued 21% more new shares over the last year. Therefore, each share now receives a smaller portion of profit. To celebrate net income while ignoring dilution is like rejoicing because you have a single slice of a larger pizza, but ignoring the fact that the pizza is now cut into many more slices. You can see a chart of Hunan Haili Chemical Industry's EPS by clicking here.
爲了瞭解每股回報的潛力，必須考慮公司在多大程度上稀釋了股東。碰巧的是，湖南海力化工發行的新股比去年增加了21％。因此，現在每股獲得的利潤的比例較小。在慶祝淨收入的同時忽視稀釋就像因爲你只有一片更大的披薩而歡欣鼓舞，卻忽略了披薩現在被切成更多片的事實。點擊此處可以查看湖南海力化工每股收益的圖表。
How Is Dilution Impacting Hunan Haili Chemical Industry's Earnings Per Share (EPS)?
攤薄如何影響湖南海力化工的每股收益（EPS）？
Hunan Haili Chemical Industry has improved its profit over the last three years, with an annualized gain of 153% in that time. And at a glance the 37% gain in profit over the last year impresses. On the other hand, earnings per share are only up 40% in that time. So you can see that the dilution has had a bit of an impact on shareholders.
湖南海力化工在過去三年中提高了利潤，同期年化增長了153％。乍一看，去年利潤增長了37％，令人印象深刻。另一方面，收益 每股 在那段時間裏只上漲了40％。因此，你可以看出，稀釋對股東產生了一些影響。
In the long term, earnings per share growth should beget share price growth. So it will certainly be a positive for shareholders if Hunan Haili Chemical Industry can grow EPS persistently. However, if its profit increases while its earnings per share stay flat (or even fall) then shareholders might not see much benefit. 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，收益 每股 增長應該源於股價的增長。因此，如果湖南海力化工能夠持續增長每股收益，對股東來說肯定是積極的。但是，如果其利潤增加而每股收益保持不變（甚至下降），則股東可能不會看到太大好處。對於普通零售股東而言，每股收益是檢查您在公司利潤中的假設 “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 Hunan Haili Chemical Industry.
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湖南海力化工的資產負債表分析。
Our Take On Hunan Haili Chemical Industry's Profit Performance
我們對湖南海力化工利潤表現的看法
Hunan Haili Chemical Industry shareholders should keep in mind how many new shares it is issuing, because, dilution clearly has the power to severely impact shareholder returns. Because of this, we think that it may be that Hunan Haili Chemical Industry's statutory profits are better than its underlying earnings power. But on the bright side, its earnings per share have grown at an extremely impressive rate over the last three years. 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. If you'd like to know more about Hunan Haili Chemical Industry as a business, it's important to be aware of any risks it's facing. For example - Hunan Haili Chemical Industry has 1 warning sign we think you should be aware of.
湖南海力化工的股東應該記住它正在發行多少新股，因爲，稀釋顯然有可能嚴重影響股東回報。正因爲如此，我們認爲可能是湖南海力化工的法定利潤好於其潛在的盈利能力。但好的一面是，在過去三年中，其每股收益以令人印象深刻的速度增長。歸根結底，如果你想正確地瞭解公司，就必須考慮的不僅僅是上述因素。如果您想更多地瞭解湖南海力化工作爲一家企業，請務必瞭解其面臨的任何風險。例如-湖南海力化工有 1 個警告標誌 我們認爲你應該知道。
Today we've zoomed in on a single data point to better understand the nature of Hunan Haili Chemical Industry'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. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying to be useful.
今天，我們放大了單個數據點，以更好地瞭解湖南海力化工利潤的本質。但是，還有很多其他方法可以告知你對公司的看法。例如，許多人認爲高股本回報率是有利的商業經濟的標誌，而其他人則喜歡 “關注資金”，尋找內部人士正在買入的股票。雖然可能需要代表你做一些研究，但你可能會發現這一點 免費的 一系列擁有高股本回報率的公司，或者這份內部人士爲了有用而買入的股票清單。
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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，也沒有考慮您的目標或財務狀況。我們的目標是爲您提供由基本面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公司公告或定性材料。簡而言之，華爾街在上述任何股票中都沒有頭寸。
譯文內容由第三人軟體翻譯。
