MCLON JEWELLERYLtd's (SZSE:300945) Solid Profits Have Weak Fundamentals
MCLON JEWELLERYLtd's (SZSE:300945) Solid Profits Have Weak Fundamentals
Despite posting some strong earnings, the market for MCLON JEWELLERY Co.,Ltd.'s (SZSE:300945) stock hasn't moved much. Our analysis suggests that shareholders have noticed something concerning in the numbers.
尽管公布了一些强劲的收益，但MCLON JEWELLERY Co.的市场依然如此, Ltd. 's（深交所股票代码：300945）的股票涨幅不大。我们的分析表明，股东们注意到了一些令人担忧的数字。
To understand the value of a company's earnings growth, it is imperative to consider any dilution of shareholders' interests. MCLON JEWELLERYLtd expanded the number of shares on issue by 28% over the last year. As a result, its net income is now split between a greater number of shares. To talk about net income, without noticing earnings per share, is to be distracted by the big numbers while ignoring the smaller numbers that talk to per share value. You can see a chart of MCLON JEWELLERYLtd's EPS by clicking here.
要了解公司收益增长的价值，必须考虑削弱股东的利益。与去年相比，MCLON JewelleryLtd将已发行股票数量增加了28％。结果，其净收入现在分成了更多的股票。在不注意每股收益的情况下谈论净收益，就是被大数字分散注意力，而忽略与之交谈的较小数字 每股 价值。你可以点击此处查看MCLON JewelleryLtd的每股收益图表。
A Look At The Impact Of MCLON JEWELLERYLtd's Dilution On Its Earnings Per Share (EPS)
看看MCLON JewelleryLtd的稀释对其每股收益（EPS）的影响
MCLON JEWELLERYLtd has improved its profit over the last three years, with an annualized gain of 6.2% in that time. But on the other hand, earnings per share actually fell by 28% per year. And at a glance the 42% gain in profit over the last year impresses. But in comparison, EPS only increased by 17% over the same period. Therefore, one can observe that the dilution is having a fairly profound effect on shareholder returns.
在过去三年中，MCLON JewelleryLtd的利润有所提高，同期年化增长6.2％。但另一方面，收益 每股 实际上每年下降28％。乍一看，去年利润增长了42％，令人印象深刻。但相比之下，同期每股收益仅增长了17％。因此，可以观察到，稀释对股东回报产生了相当深远的影响。
Changes in the share price do tend to reflect changes in earnings per share, in the long run. So MCLON JEWELLERYLtd shareholders will want to see that EPS figure continue to increase. 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.
从长远来看，股价的变化往往会反映每股收益的变化。因此，MCLON JewelleryLtd的股东们希望看到每股收益继续增加。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 MCLON JEWELLERYLtd's Profit Performance
我们对MCLON JewelleryLtd的利润表现的看法
MCLON JEWELLERYLtd 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 MCLON JEWELLERYLtd's statutory profits are better than its underlying earnings power. The good news is that, its earnings per share increased by 17% in the last year. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. Be aware that MCLON JEWELLERYLtd is showing 3 warning signs in our investment analysis and 1 of those is potentially serious...
MCLON JewelleryLtd的股东应记住其发行了多少新股，因为稀释显然会严重影响股东的回报。因此，我们认为MCLON JewelleryLtd的法定利润可能好于其基础盈利能力。好消息是，其每股收益在去年增长了17％。当然，我们只是在分析其收益时才浮出水面；人们还可以考虑利润率、预测增长和投资回报率等因素。因此，如果你想更深入地研究这只股票，那么考虑它面临的任何风险至关重要。请注意，MCLON JewelleryLtd在我们的投资分析中显示了3个警告信号，其中一个可能很严重...
Today we've zoomed in on a single data point to better understand the nature of MCLON JEWELLERYLtd'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，我们放大了单个数据点，以更好地了解MCLON JewelleryLtd利润的性质。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。虽然可能需要你进行一些研究，但你可能会发现这份免费收集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很有用。
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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。