<p><strong>映美控股有限公司</strong>（HKG:2028）的股价在过去 30 天内大幅下跌了 30%，回吐了近期的许多涨幅。好消息是，在过去一年中，该股表现出色，涨幅达 106%。</p>
<p>在价格大幅下跌后，考虑到几乎一半的香港科技行业公司市销率（&#34;P/S&#34;）超过 0.9 倍，甚至市销率高于 3 倍的情况并不罕见，映美控股目前的市销率为 0.4 倍，可能发出买入信号。然而，我们需要进一步深入分析，以确定市销率降低是否有合理的基础。</p>
<p>特朗普承诺要&#34;释放&#34;美国的石油和天然气，这 15 只美国股票的发展有望受益。</p>
<p>查看我们对映美控股的最新分析</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/22758532-ps-multiple-vs-industry-1-dark-2/1758780442237?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/22758532-ps-multiple-vs-industry-1-dark-2/1758780442237"/></p>
<p>SEHK:2028 市销率与行业比较 2025 年 9 月 25 日</p>
<h3>映美控股的市销率对股东意味着什么？</h3>
<p>举个例子，映美控股的收入在过去一年中有所下降，这并不理想。市场或许认为最近的收入表现不足以跟上行业，导致市销率受到影响。如果你喜欢这家公司，你会希望情况并非如此，以便在它不受欢迎时能够买入一些股票。</p>
<p>想了解公司收益、收入和现金流的全面情况吗？那么我们对映美控股的 <strong>免费</strong> 报告将帮助你了解其历史表现。</p>
<h2>映美控股的收入增长趋势如何？</h2>
<p>有一个内在的假设，即公司应该低于行业表现，才能使像映美控股这样的市销率被认为是合理的。</p>
<p>回顾一下，去年公司的收入增长并不令人兴奋，出现了令人失望的 20% 的下降。过去三年也不太好，公司总共缩减了 62% 的收入。因此，不幸的是，我们必须承认公司在这段时间内未能很好地实现收入增长。</p>
<p>与公司相比，行业其他部分预计在未来一年将增长 17%，这确实让公司的近期中期收入下降显得更加突出。</p>
<p>考虑到这一点，我们理解为什么映美控股的市销率低于大多数行业同行。然而，随着收入的下滑，市销率是否已经触底并没有保证。即使只是维持这些价格也可能很难实现，因为最近的收入趋势已经对股价造成了压力。</p>
<h2>最后的总结</h2>
<p>映美控股股价的南下走势意味着其市销率现在处于相当低的水平。一般来说，我们倾向于将市销率的使用限制在评估市场对公司整体健康状况的看法上。</p>
<p>正如我们所怀疑的，我们对映美控股的审查显示，其中期收入的缩减正在导致其低市销率，因为行业预计将增长。目前，股东们接受低市销率，因为他们承认未来的收入可能不会带来任何令人愉快的惊喜。除非近期中期条件改善，否则它们将继续在这些水平上形成股价的障碍。</p>
<p>在投资之前，还有其他重要的风险因素需要考虑，我们发现了 <strong>映美控股的 5 个警示信号</strong>，你应该了解。</p>
<p>如果这些 <strong>风险让你重新考虑对映美控股的看法</strong>，请查看我们的高质量股票互动列表，以了解还有什么其他选择。</p>

映美控股

<p>映美控股（HKG:2028）的股价在过去一个月下跌了 30%，尽管在过去一年中上涨了 106%。该公司的市销率（P/S）为 0.4 倍，远低于科技行业的许多同行。过去一年，收入下降了 20%，三年内下降了 62%，与行业预期的 17% 的增长形成对比。这一糟糕的收入表现可能是导致低市销率的原因，除非情况改善，否则股价可能会继续承压。投资者在投资前还应考虑五个警示信号</p>

<p>The <strong>Jolimark Holdings Limited</strong> (HKG:2028) share price has softened a substantial 30% over the previous 30 days, handing back much of the gains the stock has made lately. The good news is that in the last year, the stock has shone bright like a diamond, gaining 106%.</p>
<div class="lb-trans"><p><strong>映美控股有限公司</strong>（HKG:2028）的股价在过去 30 天内大幅下跌了 30%，回吐了近期的许多涨幅。好消息是，在过去一年中，该股表现出色，涨幅达 106%。</p>
</div><p>Following the heavy fall in price, Jolimark Holdings may be sending buy signals at present with its price-to-sales (or &#34;P/S&#34;) ratio of 0.4x, considering almost half of all companies in the Tech industry in Hong Kong have P/S ratios greater than 0.9x and even P/S higher than 3x aren't out of the ordinary. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the reduced P/S.</p>
<div class="lb-trans"><p>在价格大幅下跌后，考虑到几乎一半的香港科技行业公司市销率（&#34;P/S&#34;）超过 0.9 倍，甚至市销率高于 3 倍的情况并不罕见，映美控股目前的市销率为 0.4 倍，可能发出买入信号。然而，我们需要进一步深入分析，以确定市销率降低是否有合理的基础。</p>
</div><p>Trump has pledged to &#34;unleash&#34; American oil and gas and these 15 US stocks have developments that are poised to benefit.</p>
<div class="lb-trans"><p>特朗普承诺要&#34;释放&#34;美国的石油和天然气，这 15 只美国股票的发展有望受益。</p>
</div><p>See our latest analysis for Jolimark Holdings</p>
<div class="lb-trans"><p>查看我们对映美控股的最新分析</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/22758532-ps-multiple-vs-industry-1-dark-2/1758780442237" alt="" original-src="https://images.simplywall.st/asset/chart/22758532-ps-multiple-vs-industry-1-dark-2/1758780442237"/></p>
<p>SEHK:2028 Price to Sales Ratio vs Industry September 25th 2025</p>
<div class="lb-trans"><p>SEHK:2028 市销率与行业比较 2025 年 9 月 25 日</p>
</div><h3>What Does Jolimark Holdings' P/S Mean For Shareholders?</h3>
<div class="lb-trans"><h3>映美控股的市销率对股东意味着什么？</h3>
</div><p>As an illustration, revenue has deteriorated at Jolimark Holdings over the last year, which is not ideal at all. Perhaps the market believes the recent revenue performance isn't good enough to keep up the industry, causing the P/S ratio to suffer. If you like the company, you'd be hoping this isn't the case so that you could potentially pick up some stock while it's out of favour.</p>
<div class="lb-trans"><p>举个例子，映美控股的收入在过去一年中有所下降，这并不理想。市场或许认为最近的收入表现不足以跟上行业，导致市销率受到影响。如果你喜欢这家公司，你会希望情况并非如此，以便在它不受欢迎时能够买入一些股票。</p>
</div><p>Want the full picture on earnings, revenue and cash flow for the company? Then our <strong>free</strong> report on Jolimark Holdings will help you shine a light on its historical performance.</p>
<div class="lb-trans"><p>想了解公司收益、收入和现金流的全面情况吗？那么我们对映美控股的 <strong>免费</strong> 报告将帮助你了解其历史表现。</p>
</div><h2>How Is Jolimark Holdings' Revenue Growth Trending?</h2>
<div class="lb-trans"><h2>映美控股的收入增长趋势如何？</h2>
</div><p>There's an inherent assumption that a company should underperform the industry for P/S ratios like Jolimark Holdings' to be considered reasonable.</p>
<div class="lb-trans"><p>有一个内在的假设，即公司应该低于行业表现，才能使像映美控股这样的市销率被认为是合理的。</p>
</div><p>Taking a look back first, the company's revenue growth last year wasn't something to get excited about as it posted a disappointing decline of 20%. The last three years don't look nice either as the company has shrunk revenue by 62% in aggregate. So unfortunately, we have to acknowledge that the company has not done a great job of growing revenue over that time.</p>
<div class="lb-trans"><p>回顾一下，去年公司的收入增长并不令人兴奋，出现了令人失望的 20% 的下降。过去三年也不太好，公司总共缩减了 62% 的收入。因此，不幸的是，我们必须承认公司在这段时间内未能很好地实现收入增长。</p>
</div><p>In contrast to the company, the rest of the industry is expected to grow by 17% over the next year, which really puts the company's recent medium-term revenue decline into perspective.</p>
<div class="lb-trans"><p>与公司相比，行业其他部分预计在未来一年将增长 17%，这确实让公司的近期中期收入下降显得更加突出。</p>
</div><p>With this in mind, we understand why Jolimark Holdings' P/S is lower than most of its industry peers. Nonetheless, there's no guarantee the P/S has reached a floor yet with revenue going in reverse. Even just maintaining these prices could be difficult to achieve as recent revenue trends are already weighing down the shares.</p>
<div class="lb-trans"><p>考虑到这一点，我们理解为什么映美控股的市销率低于大多数行业同行。然而，随着收入的下滑，市销率是否已经触底并没有保证。即使只是维持这些价格也可能很难实现，因为最近的收入趋势已经对股价造成了压力。</p>
</div><h2>The Final Word</h2>
<div class="lb-trans"><h2>最后的总结</h2>
</div><p>The southerly movements of Jolimark Holdings' shares means its P/S is now sitting at a pretty low level. Generally, our preference is to limit the use of the price-to-sales ratio to establishing what the market thinks about the overall health of a company.</p>
<div class="lb-trans"><p>映美控股股价的南下走势意味着其市销率现在处于相当低的水平。一般来说，我们倾向于将市销率的使用限制在评估市场对公司整体健康状况的看法上。</p>
</div><p>As we suspected, our examination of Jolimark Holdings revealed its shrinking revenue over the medium-term is contributing to its low P/S, given the industry is set to grow. Right now shareholders are accepting the low P/S as they concede future revenue probably won't provide any pleasant surprises either. Unless the recent medium-term conditions improve, they will continue to form a barrier for the share price around these levels.</p>
<div class="lb-trans"><p>正如我们所怀疑的，我们对映美控股的审查显示，其中期收入的缩减正在导致其低市销率，因为行业预计将增长。目前，股东们接受低市销率，因为他们承认未来的收入可能不会带来任何令人愉快的惊喜。除非近期中期条件改善，否则它们将继续在这些水平上形成股价的障碍。</p>
</div><p>There are also other vital risk factors to consider before investing and we've discovered <strong>5 warning signs for Jolimark Holdings</strong> that you should be aware of.</p>
<div class="lb-trans"><p>在投资之前，还有其他重要的风险因素需要考虑，我们发现了 <strong>映美控股的 5 个警示信号</strong>，你应该了解。</p>
</div><p>If these <strong>risks are making you reconsider your opinion on Jolimark Holdings</strong>, explore our interactive list of high quality stocks to get an idea of what else is out there.</p>
<div class="lb-trans"><p>如果这些 <strong>风险让你重新考虑对映美控股的看法</strong>，请查看我们的高质量股票互动列表，以了解还有什么其他选择。</p>
</div>

市场对映美控股有限公司（HKG:2028）的收入表现不满，导致股价暴跌 30%