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Do Gree Electric Appliances of Zhuhai's (SZSE:000651) Earnings Warrant Your Attention?

Do Gree Electric Appliances of Zhuhai's (SZSE:000651) Earnings Warrant Your Attention?

珠海格力電器(深交所股票代碼:000651)的收益值得你關注嗎?
Simply Wall St ·  05/21 20:56

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks' without any revenue, let alone profit. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' Loss making companies can act like a sponge for capital - so investors should be cautious that they're not throwing good money after bad.

即使這意味着購買沒有任何營業收入,更別提盈利的“故事股票”,投資者常常被尋找“下一個大事物”的想法所引導。但正如彼得·林奇所說的那樣,如果高風險和高回報的投資理念不適合您,您可能更感興趣的是盈利增長的公司,例如美國石油吸附劑公司(NYSE:ODC)。盈利並不是投資時唯一需要考慮的指標,但值得認識到可以持續產生盈利的企業。長期虧損的公司幾乎從來沒有回報,因此投資者應該謹慎,不要把錢丟進被認爲是不良投資的公司中。

In contrast to all that, many investors prefer to focus on companies like Gree Electric Appliances of Zhuhai (SZSE:000651), which has not only revenues, but also profits. Now this is not to say that the company presents the best investment opportunity around, but profitability is a key component to success in business.

與其他公司相比,許多投資者更喜歡關注像珠海格力電器(深交所:000651)這樣不僅有營業收入,而且有利潤的公司。 這並不是說該公司提供了最佳的投資機會,但盈利能力是業務成功的關鍵組成部分。

How Fast Is Gree Electric Appliances of Zhuhai Growing?

珠海格力電器的增長速度有多快?

If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS) outcomes. Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS. Gree Electric Appliances of Zhuhai managed to grow EPS by 10.0% per year, over three years. That's a good rate of growth, if it can be sustained.

如果您相信市場即使略具效率,長期來看您會發現公司股價會跟隨其每股收益(EPS)的結果而波動。 因此,有很多投資者喜歡購買正在增長EPS的公司的股票。 珠海格力電器成功地使EPS在三年內每年增長10.0%。 如果能持續這樣的增長速度,那就是一個好的增長率。

One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. Not all of Gree Electric Appliances of Zhuhai's revenue this year is revenue from operations, so keep in mind the revenue and margin numbers used in this article might not be the best representation of the underlying business. Gree Electric Appliances of Zhuhai maintained stable EBIT margins over the last year, all while growing revenue 8.3% to CN¥205b. That's progress.

檢查公司增長的一種方法是查看其營業收入和利息稅前利潤(EBIT)利潤率的變化情況。 珠海格力電器今年的所有營業收入並非都是利潤,因此請注意本文中使用的營業收入和利潤率數字可能不是基礎業務的最佳表現。 珠海格力電器在過去一年內保持穩定的EBIT利潤率,同時實現了8.3%的營業收入增長,達到2050億元人民幣。從營業運營中SZSE:000651的收益和營收歷史-2024年5月22日

The chart below shows how the company's bottom and top lines have progressed over time. To see the actual numbers, click on the chart.

下面的圖表顯示了公司的營業收入和收益是如何隨時間變化的。要查看實際數字,請單擊圖表。

earnings-and-revenue-history
SZSE:000651 Earnings and Revenue History May 22nd 2024
SZSE:000651收益和營業收入歷史 2024年5月22日

Fortunately, we've got access to analyst forecasts of Gree Electric Appliances of Zhuhai's future profits. You can do your own forecasts without looking, or you can take a peek at what the professionals are predicting.

幸運的是,我們可以獲得珠海格力電器分析師對其的預測未來利潤。您可以不看自己的預測,也可以看一眼專業人士的預測。

Are Gree Electric Appliances of Zhuhai Insiders Aligned With All Shareholders?

珠海格力電器的內部人是否與所有股東保持一致?

Since Gree Electric Appliances of Zhuhai has a market capitalisation of CN¥231b, we wouldn't expect insiders to hold a large percentage of shares. But we do take comfort from the fact that they are investors in the company. Notably, they have an enviable stake in the company, worth CN¥2.7b. Investors will appreciate management having this amount of skin in the game as it shows their commitment to the company's future.

由於珠海格力電器的市值爲2310億元人民幣,我們不認爲內部人持有大量股份。 但我們確實感到安慰的是,他們是公司的投資者。 值得注意的是,他們在公司中擁有令人羨慕的股份,價值27億元人民幣。 投資者會感激管理層擁有這個數量級的股份,因爲這表明了他們對公司未來的承諾。

Should You Add Gree Electric Appliances of Zhuhai To Your Watchlist?

您是否應該將珠海格力電器加入自選股?

One important encouraging feature of Gree Electric Appliances of Zhuhai is that it is growing profits. If that's not enough on its own, there is also the rather notable levels of insider ownership. The combination definitely favoured by investors so consider keeping the company on a watchlist. Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Gree Electric Appliances of Zhuhai that you should be aware of.

珠海格力電器一個重要的鼓舞人心的特點是其正在盈利增長。 如果這還不夠的話,還有相當引人注目的內部持股水平。 這種組合絕對受到投資者的青睞,因此考慮將公司保留在自選股列表中。 不要忘記,可能仍然存在風險。 例如,我們已經發現了珠海格力電器的一個警示信號,您需要注意一下。

While opting for stocks without growing earnings and absent insider buying can yield results, for investors valuing these key metrics, here is a carefully selected list of companies in CN with promising growth potential and insider confidence.

選擇沒有增長收益和缺乏內部人員買入的股票也可以產生效果,但對於重視這些關鍵指標的投資者而言,這裏是一個精心挑選的清單,列出了國內具有潛在增長潛力和內部信心的公司。

Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.

請注意,本文討論的內部交易是指在相關司法管轄區中報告的交易。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.

對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。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。Simply Wall St沒有任何股票頭寸。

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