<p>如今，购买指数基金变得很简单，你的回报应该（大致上）与市场相匹配。但通过选择表现优于平均水平的股票，你可以显著提高回报。例如，<strong>中国联塑集团控股有限公司</strong>（HKG:2128）的股价在过去一年上涨了 66%，明显超过了市场约 31% 的回报（不包括股息）。这在我们的标准下是一个稳健的表现！相比之下，长期回报是负的，因为股价比三年前低了 37%。</p>
<p>在过去一周强劲上涨之后，值得看看长期回报是否是由基本面改善所驱动的。</p>
<p>人工智能即将改变医疗保健。这 20 只股票正在从早期诊断到药物发现等各个方面进行工作。最棒的是——它们的市值都在 100 亿美元以下——现在仍然有机会提前布局。</p>
<p>引用巴菲特的话，‘船只将环游世界，但平面地球协会将蓬勃发展。市场上价格与价值之间将继续存在巨大差异……’ 考虑市场对公司看法变化的一个不完美但简单的方法是比较每股收益（EPS）的变化与股价的变动。</p>
<p>在过去的十二个月里，中国联塑集团控股的每股收益实际上下降了 12%。</p>
<p>鉴于股价的上涨，我们怀疑市场是否在用每股收益来衡量进展。因此，目前看来，投资者可能更看重其他指标，而非每股收益。</p>
<p>不幸的是，中国联塑集团控股的股价在十二个月内下跌了 11%。因此，基本面指标并没有为股价的上涨提供明显的解释。</p>
<p>你可以在下面看到收益和收入随时间的变化（点击图片可以发现确切的数值）。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/106835239-earnings-and-revenue-growth-1-dark-2/1769557103791?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/106835239-earnings-and-revenue-growth-1-dark-2/1769557103791"/></p>
<p>SEHK:2128 收益和收入增长 2026 年 1 月 28 日</p>
<p>我们认为，内部人士在过去一年进行了大量购买是积极的。尽管如此，未来的收益对当前股东是否能赚钱将更为重要。因此，查看分析师对中国联塑集团控股未来收益的看法（免费的利润预测）是非常有意义的。</p>
<h2>股息情况如何？</h2>
<p>在考虑投资回报时，重要的是要考虑_总股东回报_（TSR）与_股价回报_之间的差异。TSR 是一种回报计算，考虑了现金股息的价值（假设收到的任何股息都被再投资）以及任何折扣资本筹集和分拆的计算价值。因此，对于支付慷慨股息的公司，TSR 通常远高于股价回报。我们注意到，中国联塑集团控股在过去一年中的 TSR 为 75%，这比上述的股价回报要好。公司支付的股息因此提升了_总_股东回报。</p>
<h2>不同的视角</h2>
<p>看到中国联塑集团控股在过去十二个月内为股东带来了 75% 的总股东回报是件好事。这其中包括了股息。毫无疑问，这些近期回报远好于过去五年每年 8% 的 TSR 损失。这让我们有些警惕，但这家企业可能已经扭转了其命运。我发现从长期来看观察股价作为商业表现的代理指标非常有趣。但要真正获得洞察，我们还需要考虑其他信息。为此，你应该了解我们发现的中国联塑集团控股的 <strong>2 个警告信号</strong>（其中 1 个让我们有些不安）。</p>
<p>中国联塑集团控股并不是唯一一个内部人士在购买的股票。对于那些喜欢寻找 <strong>鲜为人知的公司</strong> 的人来说，这份 <strong>免费</strong> 的近期内部人士购买的成长公司名单可能正是你所需要的。</p>
<p><em>请注意，本文中引用的市场回报反映了目前在香港交易所交易的股票的市场加权平均回报。</em></p>

中国联塑

<p>中国联塑集团控股（HKG:2128）在过去一年中实现了 75% 的总股东回报，尽管每股收益（EPS）下降了 12%。股价上涨了 66%，超过了市场 31% 的回报，但仍比三年前低 37%。公司的基本面并未明确解释股价的上涨，因为收入也下降了 11%。内部人士进行了大量购买，表明未来可能的增长。股息对总回报有所贡献，突显了在考虑股价表现时同时关注总股东回报（TSR）的重要性</p>

<p>These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But you can significantly boost your returns by picking above-average stocks. For example, the <strong>China Lesso Group Holdings Limited</strong> (HKG:2128) share price is up 66% in the last 1 year, clearly besting the market return of around 31% (not including dividends). That's a solid performance by our standards! In contrast, the longer term returns are negative, since the share price is 37% lower than it was three years ago.</p>
<div class="lb-trans"><p>如今，购买指数基金变得很简单，你的回报应该（大致上）与市场相匹配。但通过选择表现优于平均水平的股票，你可以显著提高回报。例如，<strong>中国联塑集团控股有限公司</strong>（HKG:2128）的股价在过去一年上涨了 66%，明显超过了市场约 31% 的回报（不包括股息）。这在我们的标准下是一个稳健的表现！相比之下，长期回报是负的，因为股价比三年前低了 37%。</p>
</div><p>After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals.</p>
<div class="lb-trans"><p>在过去一周强劲上涨之后，值得看看长期回报是否是由基本面改善所驱动的。</p>
</div><p>AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.</p>
<div class="lb-trans"><p>人工智能即将改变医疗保健。这 20 只股票正在从早期诊断到药物发现等各个方面进行工作。最棒的是——它们的市值都在 100 亿美元以下——现在仍然有机会提前布局。</p>
</div><p>To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.</p>
<div class="lb-trans"><p>引用巴菲特的话，‘船只将环游世界，但平面地球协会将蓬勃发展。市场上价格与价值之间将继续存在巨大差异……’ 考虑市场对公司看法变化的一个不完美但简单的方法是比较每股收益（EPS）的变化与股价的变动。</p>
</div><p>Over the last twelve months, China Lesso Group Holdings actually shrank its EPS by 12%.</p>
<div class="lb-trans"><p>在过去的十二个月里，中国联塑集团控股的每股收益实际上下降了 12%。</p>
</div><p>Given the share price gain, we doubt the market is measuring progress with EPS. Therefore, it seems likely that investors are putting more weight on metrics other than EPS, at the moment.</p>
<div class="lb-trans"><p>鉴于股价的上涨，我们怀疑市场是否在用每股收益来衡量进展。因此，目前看来，投资者可能更看重其他指标，而非每股收益。</p>
</div><p>Unfortunately China Lesso Group Holdings' fell 11% over twelve months. So the fundamental metrics don't provide an obvious explanation for the share price gain.</p>
<div class="lb-trans"><p>不幸的是，中国联塑集团控股的股价在十二个月内下跌了 11%。因此，基本面指标并没有为股价的上涨提供明显的解释。</p>
</div><p>You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).</p>
<div class="lb-trans"><p>你可以在下面看到收益和收入随时间的变化（点击图片可以发现确切的数值）。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/106835239-earnings-and-revenue-growth-1-dark-2/1769557103791" alt="" original-src="https://images.simplywall.st/asset/chart/106835239-earnings-and-revenue-growth-1-dark-2/1769557103791"/></p>
<p>SEHK:2128 Earnings and Revenue Growth January 28th 2026</p>
<div class="lb-trans"><p>SEHK:2128 收益和收入增长 2026 年 1 月 28 日</p>
</div><p>We consider it positive that insiders have made significant purchases in the last year. Even so, future earnings will be far more important to whether current shareholders make money. So it makes a lot of sense to check out what analysts think China Lesso Group Holdings will earn in the future (free profit forecasts).</p>
<div class="lb-trans"><p>我们认为，内部人士在过去一年进行了大量购买是积极的。尽管如此，未来的收益对当前股东是否能赚钱将更为重要。因此，查看分析师对中国联塑集团控股未来收益的看法（免费的利润预测）是非常有意义的。</p>
</div><h2>What About Dividends?</h2>
<div class="lb-trans"><h2>股息情况如何？</h2>
</div><p>When looking at investment returns, it is important to consider the difference between <em>total shareholder return</em> (TSR) and <em>share price return</em>. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for China Lesso Group Holdings the TSR over the last 1 year was 75%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the <em>total</em> shareholder return.</p>
<div class="lb-trans"><p>在考虑投资回报时，重要的是要考虑_总股东回报_（TSR）与_股价回报_之间的差异。TSR 是一种回报计算，考虑了现金股息的价值（假设收到的任何股息都被再投资）以及任何折扣资本筹集和分拆的计算价值。因此，对于支付慷慨股息的公司，TSR 通常远高于股价回报。我们注意到，中国联塑集团控股在过去一年中的 TSR 为 75%，这比上述的股价回报要好。公司支付的股息因此提升了_总_股东回报。</p>
</div><h2>A Different Perspective</h2>
<div class="lb-trans"><h2>不同的视角</h2>
</div><p>It's good to see that China Lesso Group Holdings has rewarded shareholders with a total shareholder return of 75% in the last twelve months. And that does include the dividend. There's no doubt those recent returns are much better than the TSR loss of 8% per year over five years. This makes us a little wary, but the business might have turned around its fortunes. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. To that end, you should learn about the <strong>2 warning signs</strong> we've spotted with China Lesso Group Holdings (including 1 which makes us a bit uncomfortable) .</p>
<div class="lb-trans"><p>看到中国联塑集团控股在过去十二个月内为股东带来了 75% 的总股东回报是件好事。这其中包括了股息。毫无疑问，这些近期回报远好于过去五年每年 8% 的 TSR 损失。这让我们有些警惕，但这家企业可能已经扭转了其命运。我发现从长期来看观察股价作为商业表现的代理指标非常有趣。但要真正获得洞察，我们还需要考虑其他信息。为此，你应该了解我们发现的中国联塑集团控股的 <strong>2 个警告信号</strong>（其中 1 个让我们有些不安）。</p>
</div><p>China Lesso Group Holdings is not the only stock that insiders are buying. For those who like to find <strong>lesser know companies</strong> this <strong>free</strong> list of growing companies with recent insider purchasing, could be just the ticket.</p>
<div class="lb-trans"><p>中国联塑集团控股并不是唯一一个内部人士在购买的股票。对于那些喜欢寻找 <strong>鲜为人知的公司</strong> 的人来说，这份 <strong>免费</strong> 的近期内部人士购买的成长公司名单可能正是你所需要的。</p>
</div><p><em>Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Hong Kong exchanges.</em></p>
<div class="lb-trans"><p><em>请注意，本文中引用的市场回报反映了目前在香港交易所交易的股票的市场加权平均回报。</em></p>
</div>

中国联塑集团控股有限公司（HKG:2128）的股东在过去一年中获得了 75% 的回报，然而公司的收益却在不断缩减