<p>尽管已经有了强劲的表现，<strong>中国万天控股</strong>（HKG:1854）的股票仍在继续上涨，过去三十天上涨了 26%。并不是所有股东都会感到欢欣鼓舞，因为过去十二个月股价仍然下跌了令人失望的 11%。</p>
<p>在价格强劲反弹之后，你可能会认为中国万天控股是一只不值得研究的股票，因为其市销率（&#34;P/S&#34;）为 2.2 倍，而香港消费零售行业中几乎一半的公司市销率低于 0.6 倍。尽管如此，我们仍需深入挖掘，以确定这种高市销率是否有合理的基础。</p>
<p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
<p>查看我们对中国万天控股的最新分析</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/340248326-ps-multiple-vs-industry-1-dark-2/1765065987996?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/340248326-ps-multiple-vs-industry-1-dark-2/1765065987996"/></p>
<p>SEHK:1854 市销率与行业比较 2025 年 12 月 7 日</p>
<h3>中国万天控股的市销率对股东意味着什么？</h3>
<p>由于近期收入增长极为强劲，中国万天控股表现非常出色。市销率可能较高，因为投资者认为这种强劲的收入增长足以在不久的将来超越更广泛的行业。然而，如果情况并非如此，投资者可能会发现自己为股票支付了过高的价格。</p>
<p>想要了解公司的盈利、收入和现金流的完整情况吗？那么我们对中国万天控股的 <strong>免费</strong> 报告将帮助你揭示其历史表现。</p>
<h2>中国万天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，中国万天控股需要实现超过行业的令人印象深刻的增长。</p>
<p>如果我们回顾过去一年的收入增长，公司实现了 121% 的惊人增长。最近三年期间，收入也经历了令人难以置信的整体增长，这得益于其出色的短期表现。因此，股东们对这些中期收入增长率感到非常满意。</p>
<p>将最近的中期收入轨迹与行业一年的增长预测 15% 进行比较，显示出其明显更具吸引力。</p>
<p>鉴于此，中国万天控股的市销率高于大多数其他公司是可以理解的。似乎大多数投资者都期待这种强劲的增长将继续，并愿意为股票支付更高的价格。</p>
<h2>我们可以从中国万天控股的市销率中学到什么？</h2>
<p>中国万天控股的股票在北向方向上迈出了重要一步，但其市销率因此而上升。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，但它可以成为强大的商业情绪指标。</p>
<p>正如我们所怀疑的，我们对中国万天控股的审查显示，其三年收入趋势正在推动其高市销率，因为这些趋势看起来优于当前行业预期。在股东眼中，持续增长轨迹的可能性足够大，以防止市销率回落。如果近期的中期收入趋势持续下去，在这种情况下，股价很难大幅下跌。</p>
<p>你应该始终考虑风险。举个例子，我们发现了 <strong>中国万天控股的 3 个警告信号</strong>，你应该注意，其中 2 个信号让我们感到不安。</p>
<p><strong>如果你对过去盈利增长稳健的公司感兴趣</strong>，你可能希望查看这份 <strong>免费</strong> 的其他盈利增长强劲且市盈率低的公司集合。</p>

中国万天控股

<p>中国万天控股的股票在过去一个月上涨了 26%，尽管过去一年下跌了 11%。高达 2.2 倍的市销率表明市场对其收入增长的强烈预期，超出行业平均水平。最近 121% 的收入增长进一步支持了这种乐观情绪。投资者预计将继续增长，这为较高的市销率提供了合理依据。然而，由于潜在风险，仍需保持谨慎</p>

<p>Despite an already strong run, <strong>China Wantian Holdings Limited</strong> (HKG:1854) shares have been powering on, with a gain of 26% in the last thirty days. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 11% in the last twelve months.</p>
<div class="lb-trans"><p>尽管已经有了强劲的表现，<strong>中国万天控股</strong>（HKG:1854）的股票仍在继续上涨，过去三十天上涨了 26%。并不是所有股东都会感到欢欣鼓舞，因为过去十二个月股价仍然下跌了令人失望的 11%。</p>
</div><p>Following the firm bounce in price, you could be forgiven for thinking China Wantian Holdings is a stock not worth researching with a price-to-sales ratios (or &#34;P/S&#34;) of 2.2x, considering almost half the companies in Hong Kong's Consumer Retailing industry have P/S ratios below 0.6x. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the elevated P/S.</p>
<div class="lb-trans"><p>在价格强劲反弹之后，你可能会认为中国万天控股是一只不值得研究的股票，因为其市销率（&#34;P/S&#34;）为 2.2 倍，而香港消费零售行业中几乎一半的公司市销率低于 0.6 倍。尽管如此，我们仍需深入挖掘，以确定这种高市销率是否有合理的基础。</p>
</div><p>This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.</p>
<div class="lb-trans"><p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
</div><p>Check out our latest analysis for China Wantian Holdings</p>
<div class="lb-trans"><p>查看我们对中国万天控股的最新分析</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/340248326-ps-multiple-vs-industry-1-dark-2/1765065987996" alt="" original-src="https://images.simplywall.st/asset/chart/340248326-ps-multiple-vs-industry-1-dark-2/1765065987996"/></p>
<p>SEHK:1854 Price to Sales Ratio vs Industry December 7th 2025</p>
<div class="lb-trans"><p>SEHK:1854 市销率与行业比较 2025 年 12 月 7 日</p>
</div><h3>What Does China Wantian Holdings' P/S Mean For Shareholders?</h3>
<div class="lb-trans"><h3>中国万天控股的市销率对股东意味着什么？</h3>
</div><p>With revenue growth that's exceedingly strong of late, China Wantian Holdings has been doing very well. The P/S ratio is probably high because investors think this strong revenue growth will be enough to outperform the broader industry in the near future. However, if this isn't the case, investors might get caught out paying too much for the stock.</p>
<div class="lb-trans"><p>由于近期收入增长极为强劲，中国万天控股表现非常出色。市销率可能较高，因为投资者认为这种强劲的收入增长足以在不久的将来超越更广泛的行业。然而，如果情况并非如此，投资者可能会发现自己为股票支付了过高的价格。</p>
</div><p>Want the full picture on earnings, revenue and cash flow for the company? Then our <strong>free</strong> report on China Wantian Holdings will help you shine a light on its historical performance.</p>
<div class="lb-trans"><p>想要了解公司的盈利、收入和现金流的完整情况吗？那么我们对中国万天控股的 <strong>免费</strong> 报告将帮助你揭示其历史表现。</p>
</div><h2>How Is China Wantian Holdings' Revenue Growth Trending?</h2>
<div class="lb-trans"><h2>中国万天控股的收入增长趋势如何？</h2>
</div><p>In order to justify its P/S ratio, China Wantian Holdings would need to produce impressive growth in excess of the industry.</p>
<div class="lb-trans"><p>为了证明其市销率的合理性，中国万天控股需要实现超过行业的令人印象深刻的增长。</p>
</div><p>If we review the last year of revenue growth, the company posted a terrific increase of 121%. The latest three year period has also seen an incredible overall rise in revenue, aided by its incredible short-term performance. Accordingly, shareholders would have been over the moon with those medium-term rates of revenue growth.</p>
<div class="lb-trans"><p>如果我们回顾过去一年的收入增长，公司实现了 121% 的惊人增长。最近三年期间，收入也经历了令人难以置信的整体增长，这得益于其出色的短期表现。因此，股东们对这些中期收入增长率感到非常满意。</p>
</div><p>Comparing that recent medium-term revenue trajectory with the industry's one-year growth forecast of 15% shows it's noticeably more attractive.</p>
<div class="lb-trans"><p>将最近的中期收入轨迹与行业一年的增长预测 15% 进行比较，显示出其明显更具吸引力。</p>
</div><p>In light of this, it's understandable that China Wantian Holdings' P/S sits above the majority of other companies. It seems most investors are expecting this strong growth to continue and are willing to pay more for the stock.</p>
<div class="lb-trans"><p>鉴于此，中国万天控股的市销率高于大多数其他公司是可以理解的。似乎大多数投资者都期待这种强劲的增长将继续，并愿意为股票支付更高的价格。</p>
</div><h2>What We Can Learn From China Wantian Holdings' P/S?</h2>
<div class="lb-trans"><h2>我们可以从中国万天控股的市销率中学到什么？</h2>
</div><p>China Wantian Holdings shares have taken a big step in a northerly direction, but its P/S is elevated as a result. 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>中国万天控股的股票在北向方向上迈出了重要一步，但其市销率因此而上升。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，但它可以成为强大的商业情绪指标。</p>
</div><p>As we suspected, our examination of China Wantian Holdings revealed its three-year revenue trends are contributing to its high P/S, given they look better than current industry expectations. In the eyes of shareholders, the probability of a continued growth trajectory is great enough to prevent the P/S from pulling back. If recent medium-term revenue trends continue, it's hard to see the share price falling strongly in the near future under these circumstances.</p>
<div class="lb-trans"><p>正如我们所怀疑的，我们对中国万天控股的审查显示，其三年收入趋势正在推动其高市销率，因为这些趋势看起来优于当前行业预期。在股东眼中，持续增长轨迹的可能性足够大，以防止市销率回落。如果近期的中期收入趋势持续下去，在这种情况下，股价很难大幅下跌。</p>
</div><p>You should always think about risks. Case in point, we've spotted <strong>3 warning signs for China Wantian Holdings</strong> you should be aware of, and 2 of them don't sit too well with us.</p>
<div class="lb-trans"><p>你应该始终考虑风险。举个例子，我们发现了 <strong>中国万天控股的 3 个警告信号</strong>，你应该注意，其中 2 个信号让我们感到不安。</p>
</div><p><strong>If companies with solid past earnings growth is up your alley</strong>, you may wish to see this <strong>free</strong> collection of other companies with strong earnings growth and low P/E ratios.</p>
<div class="lb-trans"><p><strong>如果你对过去盈利增长稳健的公司感兴趣</strong>，你可能希望查看这份 <strong>免费</strong> 的其他盈利增长强劲且市盈率低的公司集合。</p>
</div>

投资者似乎对中国万天控股有限公司（HKG:1854）的前景感到满意，其股价飙升了 26%