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Zhejiang Jingsheng Mechanical & Electrical's (SZSE:300316) Investors Will Be Pleased With Their Massive 391% Return Over the Last Five Years

Zhejiang Jingsheng Mechanical & Electrical's (SZSE:300316) Investors Will Be Pleased With Their Massive 391% Return Over the Last Five Years

浙江晶盛机电(深交所股票代码:300316)的投资者将对他们在过去五年中获得391%的巨额回报感到满意
Simply Wall St ·  2023/10/04 19:57

Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. (SZSE:300316) shareholders might understandably be very concerned that the share price has dropped 31% in the last quarter. But that does not change the realty that the stock's performance has been terrific, over five years. Indeed, the share price is up a whopping 378% in that time. So we don't think the recent decline in the share price means its story is a sad one. But the real question is whether the business fundamentals can improve over the long term.

浙江晶盛机电有限公司 (深交所股票代码:300316)股东们可能非常担心上个季度股价下跌了31%,这是可以理解的。但这并不能改变该股在过去五年中表现出色的现实。事实上,在那段时间里,股价上涨了378%。因此,我们认为最近股价的下跌并不意味着它的故事令人悲伤。但真正的问题是,从长远来看,商业基本面能否改善。

Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.

现在也值得一看公司的基本面,因为这将有助于我们确定长期股东回报是否与基础业务的表现相匹配。

Check out our latest analysis for Zhejiang Jingsheng Mechanical & Electrical

查看我们对浙江晶盛机电的最新分析

To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

用本杰明·格雷厄姆的话来说:从短期来看,市场是一台投票机器,但从长远来看,它是一台称重机。考虑市场对公司的看法发生了怎样的变化的一种不完美但简单的方法是将每股收益(EPS)的变化与股价走势进行比较。

Over half a decade, Zhejiang Jingsheng Mechanical & Electrical managed to grow its earnings per share at 49% a year. The EPS growth is more impressive than the yearly share price gain of 37% over the same period. Therefore, it seems the market has become relatively pessimistic about the company.

在过去的五年中,浙江晶盛机电成功地实现了每股收益的年增长49%。每股收益的增长比同期37%的年度股价涨幅更令人印象深刻。因此,市场似乎对该公司变得相对悲观。

The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).

该公司的每股收益(随着时间的推移)如下图所示(点击查看确切数字)。

earnings-per-share-growth
SZSE:300316 Earnings Per Share Growth October 4th 2023
深交所股票代码:300316 每股收益增长 2023 年 10 月 4 日

It is of course excellent to see how Zhejiang Jingsheng Mechanical & Electrical has grown profits over the years, but the future is more important for shareholders. Take a more thorough look at Zhejiang Jingsheng Mechanical & Electrical's financial health with this free report on its balance sheet.

当然,很高兴看到浙江晶盛机电多年来如何实现利润增长,但未来对股东来说更为重要。借此更全面地了解浙江景盛机电的财务状况 免费的 在其资产负债表上报告。

What About Dividends?

分红呢?

It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Zhejiang Jingsheng Mechanical & Electrical's TSR for the last 5 years was 391%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.

重要的是要考虑任何给定股票的股东总回报以及股价回报。股东总回报率根据股息被再投资的假设纳入了任何分拆或贴现资本筹集的价值以及任何股息。可以公平地说,股东总回报率更全面地描述了支付股息的股票。碰巧的是,浙江晶盛机电在过去5年的股东总回报率为391%,超过了前面提到的股价回报率。因此,该公司支付的股息极大地推动了 股东回报。

A Different Perspective

不同的视角

Zhejiang Jingsheng Mechanical & Electrical shareholders are down 29% for the year (even including dividends), but the market itself is up 0.2%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. On the bright side, long term shareholders have made money, with a gain of 37% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 2 warning signs for Zhejiang Jingsheng Mechanical & Electrical you should be aware of, and 1 of them is significant.

浙江晶盛机电股东今年下跌了29%(即使包括股息),但市场本身上涨了0.2%。但是,请记住,即使是最好的股票有时也会在十二个月内表现低于市场。好的一面是,长期股东已经赚了钱,在过去的五年中,每年增长37%。如果基本面数据继续显示长期可持续增长,那么当前的抛售可能是一个值得考虑的机会。我发现从长远来看,将股价作为业务表现的代表非常有趣。但是,为了真正获得洞察力,我们还需要考虑其他信息。一个很好的例子:我们发现了 2 个浙江晶盛机电的警告标志 你应该知道,其中一个很重要。

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

如果你和我一样,那么你会 想错过这个 免费的 内部人士正在收购的成长型公司名单。

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.

请注意,本文引用的市场回报反映了目前在中国交易所交易的股票的市场加权平均回报。

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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,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面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公司公告或定性材料。简而言之,华尔街在上述任何股票中都没有头寸。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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