<p><strong>佳华百货控股有限公司</strong>（HKG:602）的股价在过去 30 天内大幅下跌了 33%，回吐了近期的许多涨幅。从更大的角度来看，即使在这个糟糕的月份之后，该股在过去一年中仍上涨了 92%。</p>
<p>尽管价格大幅下跌，但你仍然可以对佳华百货控股的市销率为 0.1 倍感到无所谓，因为香港多元零售行业的中位市销率（&#34;P/S&#34;）也接近 0.5 倍。虽然这可能不会引起任何关注，但如果市销率没有合理依据，投资者可能会错过潜在机会或忽视即将到来的失望。</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>查看我们对佳华百货控股的最新分析</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/34256651-ps-multiple-vs-industry-1-dark-2/1758925075755?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/34256651-ps-multiple-vs-industry-1-dark-2/1758925075755"/></p>
<p>SEHK:602 市销率与行业比较 2025 年 9 月 26 日</p>
<h3>佳华百货控股的市销率对股东意味着什么？</h3>
<p>例如，佳华百货控股近期收入的下降值得深思。许多人可能期望公司在未来一段时间内克服令人失望的收入表现，这使得市销率没有下滑。如果不是这样，那么现有股东可能会对股价的可持续性感到有些紧张。</p>
<p>尽管没有关于佳华百货控股的分析师预测，但请查看这个 <strong>免费的</strong> 数据丰富的可视化，看看公司在收益、收入和现金流方面的表现。</p>
<h2>佳华百货控股的收入增长趋势如何？</h2>
<p>为了证明其市销率的合理性，佳华百货控股需要实现与行业相似的增长。</p>
<p>回顾过去一年，公司营收下降了令人沮丧的 13%。这意味着在长期内，公司的收入也出现了下滑，过去三年总收入下降了 2.0%。因此，不幸的是，我们必须承认公司在这段时间内未能有效地增长收入。</p>
<p>与行业相比，预计未来 12 个月行业将实现 8.4% 的增长，而公司基于近期中期收入结果的下行趋势则显得令人担忧。</p>
<p>鉴于此，佳华百货控股的市销率与大多数其他公司持平，这有些令人担忧。显然，许多投资者对公司的看法远没有近期的情况那么悲观，并且目前不愿意抛售他们的股票。如果市销率降至与近期负增长率更为一致的水平，现有股东很可能会面临未来的失望。</p>
<h2>佳华百货控股市销率的底线</h2>
<p>佳华百货控股股价的暴跌使其市销率回到了与行业其他公司相似的水平。有人认为，在某些行业中，市销率是一个较差的价值衡量标准，但它可以是一个强有力的商业情绪指标。</p>
<p>佳华百货控股目前的市销率与行业其他公司持平，这让我们感到惊讶，因为其近期收入在中期内一直在下降，而行业则预计将增长。尽管它与行业相匹配，但我们对当前的市销率感到不安，因为这种糟糕的收入表现不太可能长期支持更积极的情绪。除非近期中期的情况有所改善，否则预计公司股东将面临困难时期并不为过。</p>
<p>话虽如此，请注意 <strong>佳华百货控股在我们的投资分析中显示出 3 个警告信号</strong>，其中 2 个是重要的。</p>
<p>如果这些 <strong>风险让你重新考虑对佳华百货控股的看法</strong>，请探索我们的高质量股票互动列表，以了解还有哪些其他选择。</p>

佳华百货控股

<p>佳华百货控股（HKG:602）在过去一个月的股价下跌了 33%，尽管在过去一年中上涨了 92%。该公司的市销率为 0.1 倍，低于行业中位数的 0.5 倍，这引发了对其过去一年收入下降 13% 和三年内下降 2% 的担忧。随着行业预计增长 8.4%，当前的市销率可能不可持续，这表明股东可能面临失望。该公司在投资分析中显示出三个警示信号，其中两个是显著的</p>

<p>The <strong>Jiahua Stores Holdings Limited</strong> (HKG:602) share price has softened a substantial 33% over the previous 30 days, handing back much of the gains the stock has made lately. Looking at the bigger picture, even after this poor month the stock is up 92% in the last year.</p>
<div class="lb-trans"><p><strong>佳华百货控股有限公司</strong>（HKG:602）的股价在过去 30 天内大幅下跌了 33%，回吐了近期的许多涨幅。从更大的角度来看，即使在这个糟糕的月份之后，该股在过去一年中仍上涨了 92%。</p>
</div><p>In spite of the heavy fall in price, you could still be forgiven for feeling indifferent about Jiahua Stores Holdings' P/S ratio of 0.1x, since the median price-to-sales (or &#34;P/S&#34;) ratio for the Multiline Retail industry in Hong Kong is also close to 0.5x. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.</p>
<div class="lb-trans"><p>尽管价格大幅下跌，但你仍然可以对佳华百货控股的市销率为 0.1 倍感到无所谓，因为香港多元零售行业的中位市销率（&#34;P/S&#34;）也接近 0.5 倍。虽然这可能不会引起任何关注，但如果市销率没有合理依据，投资者可能会错过潜在机会或忽视即将到来的失望。</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>See our latest analysis for Jiahua Stores Holdings</p>
<div class="lb-trans"><p>查看我们对佳华百货控股的最新分析</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/34256651-ps-multiple-vs-industry-1-dark-2/1758925075755" alt="" original-src="https://images.simplywall.st/asset/chart/34256651-ps-multiple-vs-industry-1-dark-2/1758925075755"/></p>
<p>SEHK:602 Price to Sales Ratio vs Industry September 26th 2025</p>
<div class="lb-trans"><p>SEHK:602 市销率与行业比较 2025 年 9 月 26 日</p>
</div><h3>What Does Jiahua Stores Holdings' P/S Mean For Shareholders?</h3>
<div class="lb-trans"><h3>佳华百货控股的市销率对股东意味着什么？</h3>
</div><p>For instance, Jiahua Stores Holdings' receding revenue in recent times would have to be some food for thought. It might be that many expect the company to put the disappointing revenue performance behind them over the coming period, which has kept the P/S from falling. If not, then existing shareholders may be a little nervous about the viability of the share price.</p>
<div class="lb-trans"><p>例如，佳华百货控股近期收入的下降值得深思。许多人可能期望公司在未来一段时间内克服令人失望的收入表现，这使得市销率没有下滑。如果不是这样，那么现有股东可能会对股价的可持续性感到有些紧张。</p>
</div><p>Although there are no analyst estimates available for Jiahua Stores Holdings, take a look at this <strong>free</strong> data-rich visualisation to see how the company stacks up on earnings, revenue and cash flow.</p>
<div class="lb-trans"><p>尽管没有关于佳华百货控股的分析师预测，但请查看这个 <strong>免费的</strong> 数据丰富的可视化，看看公司在收益、收入和现金流方面的表现。</p>
</div><h2>How Is Jiahua Stores Holdings' Revenue Growth Trending?</h2>
<div class="lb-trans"><h2>佳华百货控股的收入增长趋势如何？</h2>
</div><p>In order to justify its P/S ratio, Jiahua Stores Holdings would need to produce growth that's similar to the industry.</p>
<div class="lb-trans"><p>为了证明其市销率的合理性，佳华百货控股需要实现与行业相似的增长。</p>
</div><p>Retrospectively, the last year delivered a frustrating 13% decrease to the company's top line. This means it has also seen a slide in revenue over the longer-term as revenue is down 2.0% in total over the last three years. 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>回顾过去一年，公司营收下降了令人沮丧的 13%。这意味着在长期内，公司的收入也出现了下滑，过去三年总收入下降了 2.0%。因此，不幸的是，我们必须承认公司在这段时间内未能有效地增长收入。</p>
</div><p>Comparing that to the industry, which is predicted to deliver 8.4% growth in the next 12 months, the company's downward momentum based on recent medium-term revenue results is a sobering picture.</p>
<div class="lb-trans"><p>与行业相比，预计未来 12 个月行业将实现 8.4% 的增长，而公司基于近期中期收入结果的下行趋势则显得令人担忧。</p>
</div><p>In light of this, it's somewhat alarming that Jiahua Stores Holdings' P/S sits in line with the majority of other companies. Apparently many investors in the company are way less bearish than recent times would indicate and aren't willing to let go of their stock right now. There's a good chance existing shareholders are setting themselves up for future disappointment if the P/S falls to levels more in line with the recent negative growth rates.</p>
<div class="lb-trans"><p>鉴于此，佳华百货控股的市销率与大多数其他公司持平，这有些令人担忧。显然，许多投资者对公司的看法远没有近期的情况那么悲观，并且目前不愿意抛售他们的股票。如果市销率降至与近期负增长率更为一致的水平，现有股东很可能会面临未来的失望。</p>
</div><h2>The Bottom Line On Jiahua Stores Holdings' P/S</h2>
<div class="lb-trans"><h2>佳华百货控股市销率的底线</h2>
</div><p>Jiahua Stores Holdings' plummeting stock price has brought its P/S back to a similar region as the rest of the industry. It's argued the price-to-sales ratio is an inferior measure of value within certain industries, but it can be a powerful business sentiment indicator.</p>
<div class="lb-trans"><p>佳华百货控股股价的暴跌使其市销率回到了与行业其他公司相似的水平。有人认为，在某些行业中，市销率是一个较差的价值衡量标准，但它可以是一个强有力的商业情绪指标。</p>
</div><p>The fact that Jiahua Stores Holdings currently trades at a P/S on par with the rest of the industry is surprising to us since its recent revenues have been in decline over the medium-term, all while the industry is set to grow. Even though it matches the industry, we're uncomfortable with the current P/S ratio, as this dismal revenue performance is unlikely to support a more positive sentiment for long. Unless the the circumstances surrounding the recent medium-term improve, it wouldn't be wrong to expect a a difficult period ahead for the company's shareholders.</p>
<div class="lb-trans"><p>佳华百货控股目前的市销率与行业其他公司持平，这让我们感到惊讶，因为其近期收入在中期内一直在下降，而行业则预计将增长。尽管它与行业相匹配，但我们对当前的市销率感到不安，因为这种糟糕的收入表现不太可能长期支持更积极的情绪。除非近期中期的情况有所改善，否则预计公司股东将面临困难时期并不为过。</p>
</div><p>Having said that, be aware <strong>Jiahua Stores Holdings is showing 3 warning signs</strong> in our investment analysis, and 2 of those are significant.</p>
<div class="lb-trans"><p>话虽如此，请注意 <strong>佳华百货控股在我们的投资分析中显示出 3 个警告信号</strong>，其中 2 个是重要的。</p>
</div><p>If these <strong>risks are making you reconsider your opinion on Jiahua Stores 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佳华百货控股的看法</strong>，请探索我们的高质量股票互动列表，以了解还有哪些其他选择。</p>
</div>

佳华百货控股有限公司（HKG:602）因股价下跌 33% 而面临投资者欢迎度的威胁