<p>当接近一半的香港公司市盈率（或称 &#34;P/E&#34;）低于 12 倍时，您可能会考虑将 <strong>中国创意控股</strong>（HKG:8368）视为一个潜在的避开对象，因为它的市盈率为 15 倍。不过，仅仅将市盈率表面化是不明智的，因为可能有解释说明其为何如此之高。</p>
<p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
<p>例如，考虑到中国创意控股最近的财务表现不佳，其盈利一直在下降。一个可能性是，市盈率之所以高，是因为投资者认为该公司仍然能够在不久的将来超越更广泛的市场。如果不是，那么现有股东可能会对股价的可持续性感到相当紧张。</p>
<p>查看我们对中国创意控股的最新分析</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/302210645-pe-multiple-vs-industry-1-dark-2/1756163246374?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://images.simplywall.st/asset/chart/302210645-pe-multiple-vs-industry-1-dark-2/1756163246374"/></p>
<p>SEHK:8368 市盈率与行业比较 2025 年 8 月 25 日</p>
<p>我们没有分析师预测，但您可以通过查看我们关于中国创意控股的盈利、收入和现金流的 <strong>免费</strong> 报告，了解近期趋势如何为公司未来铺路。</p>
<h2>增长是否匹配高市盈率？</h2>
<p>为了证明其市盈率的合理性，中国创意控股需要实现超过市场的显著增长。</p>
<p>首先回顾一下，公司的每股收益增长去年并不令人兴奋，出现了令人失望的 60% 的下降。因此，三年前的盈利也整体下降了 47%。因此，股东们对中期盈利增长的预期感到沮丧。</p>
<p>将这一中期盈利轨迹与更广泛市场一年的 21% 的扩张预测进行比较，显示出这是一个不太乐观的前景。</p>
<p>根据这些信息，我们发现中国创意控股的市盈率高于市场，这令人担忧。似乎大多数投资者忽视了近期糟糕的增长率，并希望公司业务前景能够好转。只有最勇敢的人才会假设这些价格是可持续的，因为近期盈利趋势的持续可能会对股价产生重大压力。</p>
<h2>最终结论</h2>
<p>通常，我们会警告在做出投资决策时不要过于解读市盈率，尽管它可以揭示其他市场参与者对公司的看法。</p>
<p>我们已经确定，中国创意控股目前的市盈率远高于预期，因为其近期盈利在中期内一直在下降。当我们看到盈利回落并且表现不及市场预测时，我们怀疑股价面临下跌风险，从而使高市盈率降低。除非近期中期条件显著改善，否则很难接受这些价格是合理的。</p>
<p>在您形成意见之前，我们发现 <strong>中国创意控股的 4 个警示信号</strong>（其中 2 个让我们感到不安！）您应该注意。</p>
<p>当然，<strong>您也可能找到比中国创意控股更好的股票</strong>。因此，您可能希望查看这份 <strong>免费</strong> 的其他公司集合，这些公司具有合理的市盈率并且盈利增长强劲。</p>

中国创意控股

<p>创意中国控股有限公司 (HKG:8368) 的市盈率为 15 倍，高于香港平均水平的 12 倍，这引发了股东的担忧，因为最近公司的财务表现不佳，包括去年每股收益下降了 60%。公司的增长必须超过市场预期，以证明其高市盈率的合理性。随着收益下降且未能达到市场预测，股价可能面临风险，除非情况显著改善。投资者应保持谨慎，并考虑其他具有更好增长前景和合理市盈率的股票</p>

<p>When close to half the companies in Hong Kong have price-to-earnings ratios (or &#34;P/E's&#34;) below 12x, you may consider <strong>Creative China Holdings Limited</strong>(HKG:8368) as a stock to potentially avoid with its 15x P/E ratio. Although, it's not wise to just take the P/E at face value as there may be an explanation why it's as high as it is.</p>
<div class="lb-trans"><p>当接近一半的香港公司市盈率（或称 &#34;P/E&#34;）低于 12 倍时，您可能会考虑将 <strong>中国创意控股</strong>（HKG:8368）视为一个潜在的避开对象，因为它的市盈率为 15 倍。不过，仅仅将市盈率表面化是不明智的，因为可能有解释说明其为何如此之高。</p>
</div><p>We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</p>
<div class="lb-trans"><p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
</div><p>For example, consider that Creative China Holdings' financial performance has been poor lately as its earnings have been in decline. One possibility is that the P/E is high because investors think the company will still do enough to outperform the broader market in the near future. If not, then existing shareholders may be quite nervous about the viability of the share price.</p>
<div class="lb-trans"><p>例如，考虑到中国创意控股最近的财务表现不佳，其盈利一直在下降。一个可能性是，市盈率之所以高，是因为投资者认为该公司仍然能够在不久的将来超越更广泛的市场。如果不是，那么现有股东可能会对股价的可持续性感到相当紧张。</p>
</div><p>See our latest analysis for Creative China Holdings</p>
<div class="lb-trans"><p>查看我们对中国创意控股的最新分析</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/302210645-pe-multiple-vs-industry-1-dark-2/1756163246374" alt="" original-src="https://images.simplywall.st/asset/chart/302210645-pe-multiple-vs-industry-1-dark-2/1756163246374"/></p>
<p>SEHK:8368 Price to Earnings Ratio vs Industry August 25th 2025</p>
<div class="lb-trans"><p>SEHK:8368 市盈率与行业比较 2025 年 8 月 25 日</p>
</div><p>We don't have analyst forecasts, but you can see how recent trends are setting up the company for the future by checking out our <strong>free</strong> report on Creative China Holdings' earnings, revenue and cash flow.</p>
<div class="lb-trans"><p>我们没有分析师预测，但您可以通过查看我们关于中国创意控股的盈利、收入和现金流的 <strong>免费</strong> 报告，了解近期趋势如何为公司未来铺路。</p>
</div><h2>Does Growth Match The High P/E?</h2>
<div class="lb-trans"><h2>增长是否匹配高市盈率？</h2>
</div><p>In order to justify its P/E ratio, Creative China Holdings would need to produce impressive growth in excess of the market.</p>
<div class="lb-trans"><p>为了证明其市盈率的合理性，中国创意控股需要实现超过市场的显著增长。</p>
</div><p>Taking a look back first, the company's earnings per share growth last year wasn't something to get excited about as it posted a disappointing decline of 60%. As a result, earnings from three years ago have also fallen 47% overall. Accordingly, shareholders would have felt downbeat about the medium-term rates of earnings growth.</p>
<div class="lb-trans"><p>首先回顾一下，公司的每股收益增长去年并不令人兴奋，出现了令人失望的 60% 的下降。因此，三年前的盈利也整体下降了 47%。因此，股东们对中期盈利增长的预期感到沮丧。</p>
</div><p>Weighing that medium-term earnings trajectory against the broader market's one-year forecast for expansion of 21% shows it's an unpleasant look.</p>
<div class="lb-trans"><p>将这一中期盈利轨迹与更广泛市场一年的 21% 的扩张预测进行比较，显示出这是一个不太乐观的前景。</p>
</div><p>With this information, we find it concerning that Creative China Holdings is trading at a P/E higher than the market. It seems most investors are ignoring the recent poor growth rate and are hoping for a turnaround in the company's business prospects. Only the boldest would assume these prices are sustainable as a continuation of recent earnings trends is likely to weigh heavily on the share price eventually.</p>
<div class="lb-trans"><p>根据这些信息，我们发现中国创意控股的市盈率高于市场，这令人担忧。似乎大多数投资者忽视了近期糟糕的增长率，并希望公司业务前景能够好转。只有最勇敢的人才会假设这些价格是可持续的，因为近期盈利趋势的持续可能会对股价产生重大压力。</p>
</div><h2>The Final Word</h2>
<div class="lb-trans"><h2>最终结论</h2>
</div><p>Typically, we'd caution against reading too much into price-to-earnings ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company.</p>
<div class="lb-trans"><p>通常，我们会警告在做出投资决策时不要过于解读市盈率，尽管它可以揭示其他市场参与者对公司的看法。</p>
</div><p>We've established that Creative China Holdings currently trades on a much higher than expected P/E since its recent earnings have been in decline over the medium-term. When we see earnings heading backwards and underperforming the market forecasts, we suspect the share price is at risk of declining, sending the high P/E lower. Unless the recent medium-term conditions improve markedly, it's very challenging to accept these prices as being reasonable.</p>
<div class="lb-trans"><p>我们已经确定，中国创意控股目前的市盈率远高于预期，因为其近期盈利在中期内一直在下降。当我们看到盈利回落并且表现不及市场预测时，我们怀疑股价面临下跌风险，从而使高市盈率降低。除非近期中期条件显著改善，否则很难接受这些价格是合理的。</p>
</div><p>Before you settle on your opinion, we've discovered <strong>4 warning signs for Creative China Holdings</strong> (2 make us uncomfortable!) that you should be aware of.</p>
<div class="lb-trans"><p>在您形成意见之前，我们发现 <strong>中国创意控股的 4 个警示信号</strong>（其中 2 个让我们感到不安！）您应该注意。</p>
</div><p>Of course, <strong>you might also be able to find a better stock than Creative China Holdings</strong>. So you may wish to see this <strong>free</strong> collection of other companies that have reasonable P/E ratios and have grown earnings strongly.</p>
<div class="lb-trans"><p>当然，<strong>您也可能找到比中国创意控股更好的股票</strong>。因此，您可能希望查看这份 <strong>免费</strong> 的其他公司集合，这些公司具有合理的市盈率并且盈利增长强劲。</p>
</div>

在当前价格水平下，中国创意控股有限公司（HKG:8368）的股东回报风险有所增加