<p>各位女士们、先生们，请系好安全带！我们将深入了解杨协成有限公司（SGX:Y03），这家公司在过去三年中让投资者尝到了 26% 的惨痛损失。这是一个错失机会、财务困境以及市场不太友好的故事。那么，让我们开始探讨一下究竟出了什么问题！</p>
<p><img src="https://imageproxy.pbkrs.com/https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-1a67543538138001.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-1a67543538138001.png"/></p>
<p>数字不会说谎</p>
<p>首先，让我们看看冷冰冰的事实。杨协成的收入受到影响，从 2023 年的 3.3274 亿新元下降到 2024 年的 3.2857 亿新元。这是 1.25% 的下降，朋友们！如果这还不够糟糕的话，公司的营业收入为-1005 万新元。哎呀！这明显表明杨协成的情况不太妙。</p>
<p>财务健康检查</p>
<p>现在，让我们谈谈公司的财务健康状况。流动比率为 4.20，速动比率为 3.29。这意味着杨协成有足够的流动性来覆盖其短期负债。但这里有个问题：债务与股本比率为 0.03，这很好，但利息保障比率却高达-13.21。这是一个警告信号，朋友们！这意味着公司在用营业收入覆盖利息支出方面存在困难。</p>
<p>效率困境</p>
<p>让我们谈谈效率。股本回报率（ROE）仅为 1.19%，投资资本回报率（ROIC）为负的-1.05%。这简直是灾难的配方，朋友们！公司没有产生足够的投资回报，这可是个大问题。资产周转率为 0.48，存货周转率为 3.97。这意味着公司没有有效利用其资产和存货。</p>
<p>股息困境</p>
<p>现在，让我们谈谈股息。杨协成每年支付 0.02 新元的股息，股息收益率为 3.45%。但问题是：派息比率为 131.56%。这意味着公司支付的股息超过了其盈利。这是不可持续的，朋友们！这也是投资者纷纷逃离的一个重要原因。</p>
<p>市场的裁决</p>
<p>市场已经发声，而结果并不美好。市盈率为 52.41，极高。这意味着市场对未来增长有很高的期望，但公司的财务表现并未达到这些期望。市销率为 1.10，市净率为 0.60。这意味着股票相对于其销售和账面价值的交易价格是合理的，但市场并不买账。</p>
<p>复苏之路</p>
<p>那么，杨协成可以做些什么来扭转局面呢？以下是一些可能有帮助的战略举措：</p>
<p>1. 改善财务表现：专注于削减成本、提高运营效率和增强产品利润率，以提升盈利能力。</p>
<p>2. 多元化产品组合：探索新产品类别或扩展现有产品线，以满足不断变化的消费者偏好。</p>
<p>3. 地理扩展：考虑将业务扩展到新的地理区域，以多样化收入来源。</p>
<p>4. 加强管理团队：引入新人才或内部晋升，以推动增长。</p>
<p>5. 增强公司治理：改善透明度、问责制和决策能力。</p>
<p>6. 增加股息支付：考虑增加股息支付，以吸引以收入为导向的投资者。</p>
<p>7. 改善与投资者的沟通：定期提供财务表现、战略举措和市场前景的更新。</p>
<p>结论</p>
<p>朋友们，杨协成正处于困境中，但并非一片悲观。通过正确的战略举措和管理变革，公司有可能重获投资者信心，并扭转股价下跌的趋势。但这需要大量的努力和运气。所以，请继续关注，朋友们！这是一个你不想错过的故事。</p>

杨协成有限公司

<p>杨协成有限公司 (SGX:Y03) 在过去三年中面临了 26% 的投资损失，原因是收入下降和财务困境。收入从 2023 年的 3.3274 亿新元下降至 2024 年的 3.2857 亿新元，营业收入为-1005 万新元。尽管当前比率为 4.20，公司的利息覆盖比率却为-13.21，处于负值。股息支付比率为 131.56%，不可持续。建议采取战略举措，如改善财务表现和多样化产品组合，以实现复苏</p>

<p>Ladies and gentlemen, buckle up! We're diving into the world of Yeo Hiap Seng (SGX:Y03), a company that has left its investors with a bitter taste of a 26% loss over the past three years. This is a story of missed opportunities, financial struggles, and a market that's been less than kind. So, let's get down to business and figure out what went wrong!</p>
<div class="lb-trans"><p>各位女士们、先生们，请系好安全带！我们将深入了解杨协成有限公司（SGX:Y03），这家公司在过去三年中让投资者尝到了 26% 的惨痛损失。这是一个错失机会、财务困境以及市场不太友好的故事。那么，让我们开始探讨一下究竟出了什么问题！</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-1a67543538138001.png" alt="" original-src="https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-1a67543538138001.png"/></p>
<p>The Numbers Don't Lie</p>
<div class="lb-trans"><p>数字不会说谎</p>
</div><p>First things first, let's look at the cold, hard facts. Yeo Hiap Seng's revenue has taken a hit, dropping from sgd 332.74 million in 2023 to SGD 328.57 million in 2024. That's a 1.25% decline, folks! And if that wasn't bad enough, the company's operating income is in the red at -SGD 10.05 million. Ouch! That's a clear sign that something's not right in the land of Yeo Hiap Seng.</p>
<div class="lb-trans"><p>首先，让我们看看冷冰冰的事实。杨协成的收入受到影响，从 2023 年的 3.3274 亿新元下降到 2024 年的 3.2857 亿新元。这是 1.25% 的下降，朋友们！如果这还不够糟糕的话，公司的营业收入为-1005 万新元。哎呀！这明显表明杨协成的情况不太妙。</p>
</div><p>The Financial Health Check</p>
<div class="lb-trans"><p>财务健康检查</p>
</div><p>Now, let's talk about the company's financial health. The current ratio is a solid 4.20, and the quick ratio is 3.29. That means Yeo Hiap Seng has enough liquidity to cover its short-term liabilities. But here's the kicker: the debt-to-equity ratio is 0.03, which is great, but the interest coverage ratio is a whopping -13.21. That's a red flag, folks! It means the company is struggling to cover its interest expenses with its operating income.</p>
<div class="lb-trans"><p>现在，让我们谈谈公司的财务健康状况。流动比率为 4.20，速动比率为 3.29。这意味着杨协成有足够的流动性来覆盖其短期负债。但这里有个问题：债务与股本比率为 0.03，这很好，但利息保障比率却高达-13.21。这是一个警告信号，朋友们！这意味着公司在用营业收入覆盖利息支出方面存在困难。</p>
</div><p>The Efficiency Dilemma</p>
<div class="lb-trans"><p>效率困境</p>
</div><p>Let's talk about efficiency. The return on equity (ROE) is a measly 1.19%, and the return on invested capital (ROIC) is negative at -1.05%. That's a recipe for disaster, folks! The company is not generating enough returns on its investments, and that's a big problem. The asset turnover ratio is 0.48, and the inventory turnover ratio is 3.97. That means the company is not efficiently utilizing its assets and inventory.</p>
<div class="lb-trans"><p>让我们谈谈效率。股本回报率（ROE）仅为 1.19%，投资资本回报率（ROIC）为负的-1.05%。这简直是灾难的配方，朋友们！公司没有产生足够的投资回报，这可是个大问题。资产周转率为 0.48，存货周转率为 3.97。这意味着公司没有有效利用其资产和存货。</p>
</div><p>The Dividend Dilemma</p>
<div class="lb-trans"><p>股息困境</p>
</div><p>Now, let's talk about dividends. Yeo Hiap Seng pays an annual dividend of SGD 0.02, which amounts to a dividend yield of 3.45%. But here's the thing: the payout ratio is 131.56%. That means the company is paying out more in dividends than it is earning in profits. That's unsustainable, folks! And it's a big reason why investors are running for the hills.</p>
<div class="lb-trans"><p>现在，让我们谈谈股息。杨协成每年支付 0.02 新元的股息，股息收益率为 3.45%。但问题是：派息比率为 131.56%。这意味着公司支付的股息超过了其盈利。这是不可持续的，朋友们！这也是投资者纷纷逃离的一个重要原因。</p>
</div><p>The Market's Verdict</p>
<div class="lb-trans"><p>市场的裁决</p>
</div><p>The market has spoken, and it's not pretty. The PE ratio is 52.41, which is sky-high. That means the market has high expectations for future growth, but the company's financial performance is not living up to those expectations. The PS ratio is 1.10, and the PB ratio is 0.60. That means the stock is trading at a reasonable price relative to its sales and book value, but the market is not impressed.</p>
<div class="lb-trans"><p>市场已经发声，而结果并不美好。市盈率为 52.41，极高。这意味着市场对未来增长有很高的期望，但公司的财务表现并未达到这些期望。市销率为 1.10，市净率为 0.60。这意味着股票相对于其销售和账面价值的交易价格是合理的，但市场并不买账。</p>
</div><p>The Road to Recovery</p>
<div class="lb-trans"><p>复苏之路</p>
</div><p>So, what can Yeo Hiap Seng do to turn things around? Here are some strategic initiatives that could help:</p>
<div class="lb-trans"><p>那么，杨协成可以做些什么来扭转局面呢？以下是一些可能有帮助的战略举措：</p>
</div><p>1. Improve Financial Performance: Focus on cost-cutting measures, improving operational efficiency, and enhancing product margins to boost profitability.</p>
<div class="lb-trans"><p>1. 改善财务表现：专注于削减成本、提高运营效率和增强产品利润率，以提升盈利能力。</p>
</div><p>2. Diversify Product Portfolio: Explore new product categories or expand existing product lines to cater to changing consumer preferences.</p>
<div class="lb-trans"><p>2. 多元化产品组合：探索新产品类别或扩展现有产品线，以满足不断变化的消费者偏好。</p>
</div><p>3. Expand Geographically: Consider expanding operations to new geographic regions to diversify revenue streams.</p>
<div class="lb-trans"><p>3. 地理扩展：考虑将业务扩展到新的地理区域，以多样化收入来源。</p>
</div><p>4. Strengthen Management Team: Bring in new talent or promote from within to drive growth.</p>
<div class="lb-trans"><p>4. 加强管理团队：引入新人才或内部晋升，以推动增长。</p>
</div><p>5. Enhance Corporate Governance: Improve transparency, accountability, and decision-making.</p>
<div class="lb-trans"><p>5. 增强公司治理：改善透明度、问责制和决策能力。</p>
</div><p>6. Increase Dividend Payout: Consider increasing the dividend payout to attract income-oriented investors.</p>
<div class="lb-trans"><p>6. 增加股息支付：考虑增加股息支付，以吸引以收入为导向的投资者。</p>
</div><p>7. Improve Communication with Investors: Provide regular updates on financial performance, strategic initiatives, and market outlook.</p>
<div class="lb-trans"><p>7. 改善与投资者的沟通：定期提供财务表现、战略举措和市场前景的更新。</p>
</div><p>The Bottom Line</p>
<div class="lb-trans"><p>结论</p>
</div><p>Folks, Yeo Hiap Seng is in a tough spot, but it's not all doom and gloom. With the right strategic initiatives and changes in management, the company could regain investor confidence and reverse the downward trend in its share price. But it's going to take a lot of hard work and a lot of luck. So, stay tuned, folks! This is one story you won't want to miss.</p>
<div class="lb-trans"><p>朋友们，杨协成正处于困境中，但并非一片悲观。通过正确的战略举措和管理变革，公司有可能重获投资者信心，并扭转股价下跌的趋势。但这需要大量的努力和运气。所以，请继续关注，朋友们！这是一个你不想错过的故事。</p>
</div>

杨协成有限公司（SGX:Y03）的投资者在三年内面临 26% 的损失：究竟出了什么问题？