<p>长期投资是明智之举，但这并不意味着你应该永远持有每一只股票。我们非常不愿意看到投资者失去他们辛苦赚来的钱。例如，我们对在过去五年中持有 <strong>中国渤海银行</strong>（HKG:9668）的任何人表示同情，因为其股价暴跌了惊人的 78%。此外，股价在大约一个季度内下跌了 14%。这对持有者来说并不好受。</p>
<p>虽然过去五年对中国渤海银行的股东来说很艰难，但过去一周却显示出一些希望的迹象。那么，让我们看看长期的基本面，看看它们是否是负回报的驱动因素。</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>虽然市场是一个强大的定价机制，但股价反映的是投资者情绪，而不仅仅是基础业务表现。考虑市场对一家公司的看法如何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>在股价下跌的五年中，中国渤海银行的每股收益（EPS）每年下降了 15%。这一 EPS 的减少低于股价每年 26% 的下降。这意味着市场之前对该股票过于乐观。当前的市盈率为 3.25，反映出不太乐观的情绪。</p>
<p>你可以在下面的图像中看到 EPS 随时间的变化（点击图表查看确切数值）。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/23420100-earnings-per-share-growth-1-dark-2/1770766219168?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/23420100-earnings-per-share-growth-1-dark-2/1770766219168"/></p>
<p>SEHK:9668 每股收益增长 2026 年 2 月 10 日</p>
<p>在买入或卖出股票之前，我们总是建议仔细检查历史增长趋势，相关信息可在此处获取。</p>
<h2>总股东回报（TSR）如何？</h2>
<p>我们不能不提中国渤海银行的_总股东回报_（TSR）与其_股价回报_之间的差异。TSR 试图捕捉股息的价值（假设它们被再投资）以及任何分拆或向股东提供的折扣融资。中国渤海银行的 TSR 在五年内损失了 76%。这比其股价回报要好，因为它支付了股息。</p>
<h2>不同的视角</h2>
<p>中国渤海银行的股东今年上涨了 1.1%。但这一回报低于市场。好的一面是，这仍然是一个收益，当然比过去五年大约 12% 的年损失要好。业务可能正在稳定。我发现从长期来看股价作为业务表现的代理非常有趣。但要真正获得洞察，我们还需要考虑其他信息。例如，考虑风险。每家公司都有风险，我们发现了 <strong>1 个中国渤海银行的警示信号</strong>，你应该知道。</p>
<p>如果你更愿意查看另一家公司——一家财务状况可能更优越的公司——那么不要错过这份 <strong>免费</strong> 的公司名单，这些公司已经证明它们能够增长收益。</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>
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渤海银行

华安中证银行ETF

华宝中证银行ETF

华夏中证银行ETF

中证银行ETF

富国中证800银行ETF

<p>渤海银行（HKG:9668）的盈利大幅下降，过去五年股价下跌了 78%，导致股东总回报损失达 76%。尽管今年上涨了 1.1%，但仍落后于市场。该银行的每股收益（EPS）年均下降 15%，表明市场之前过于乐观。目前，市盈率为 3.25，反映出较不利的市场情绪。建议投资者在做出决策前考虑风险并审视增长趋势</p>

<p>Long term investing is the way to go, but that doesn't mean you should hold every stock forever. We really hate to see fellow investors lose their hard-earned money. For example, we sympathize with anyone who was caught holding <strong>China Bohai Bank Co., Ltd.</strong> (HKG:9668) during the five years that saw its share price drop a whopping 78%. Furthermore, it's down 14% in about a quarter. That's not much fun for holders.</p>
<div class="lb-trans"><p>长期投资是明智之举，但这并不意味着你应该永远持有每一只股票。我们非常不愿意看到投资者失去他们辛苦赚来的钱。例如，我们对在过去五年中持有 <strong>中国渤海银行</strong>（HKG:9668）的任何人表示同情，因为其股价暴跌了惊人的 78%。此外，股价在大约一个季度内下跌了 14%。这对持有者来说并不好受。</p>
</div><p>While the last five years has been tough for China Bohai Bank shareholders, this past week has shown signs of promise. So let's look at the longer term fundamentals and see if they've been the driver of the negative returns.</p>
<div class="lb-trans"><p>虽然过去五年对中国渤海银行的股东来说很艰难，但过去一周却显示出一些希望的迹象。那么，让我们看看长期的基本面，看看它们是否是负回报的驱动因素。</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>While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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>虽然市场是一个强大的定价机制，但股价反映的是投资者情绪，而不仅仅是基础业务表现。考虑市场对一家公司的看法如何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>During the five years over which the share price declined, China Bohai Bank's earnings per share (EPS) dropped by 15% each year. This reduction in EPS is less than the 26% annual reduction in the share price. This implies that the market was previously too optimistic about the stock. The less favorable sentiment is reflected in its current P/E ratio of 3.25.</p>
<div class="lb-trans"><p>在股价下跌的五年中，中国渤海银行的每股收益（EPS）每年下降了 15%。这一 EPS 的减少低于股价每年 26% 的下降。这意味着市场之前对该股票过于乐观。当前的市盈率为 3.25，反映出不太乐观的情绪。</p>
</div><p>You can see how EPS has changed over time in the image below (click on the chart to see the exact values).</p>
<div class="lb-trans"><p>你可以在下面的图像中看到 EPS 随时间的变化（点击图表查看确切数值）。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/23420100-earnings-per-share-growth-1-dark-2/1770766219168" alt="" original-src="https://images.simplywall.st/asset/chart/23420100-earnings-per-share-growth-1-dark-2/1770766219168"/></p>
<p>SEHK:9668 Earnings Per Share Growth February 10th 2026</p>
<div class="lb-trans"><p>SEHK:9668 每股收益增长 2026 年 2 月 10 日</p>
</div><p>Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.</p>
<div class="lb-trans"><p>在买入或卖出股票之前，我们总是建议仔细检查历史增长趋势，相关信息可在此处获取。</p>
</div><h2>What About The Total Shareholder Return (TSR)?</h2>
<div class="lb-trans"><h2>总股东回报（TSR）如何？</h2>
</div><p>We'd be remiss not to mention the difference between China Bohai Bank's <em>total shareholder return</em> (TSR) and its <em>share price return</em>. The TSR attempts to capture the value of dividends (as if they were reinvested) as well as any spin-offs or discounted capital raisings offered to shareholders. China Bohai Bank's TSR of was a loss of 76% for the 5 years. That wasn't as bad as its share price return, because it has paid dividends.</p>
<div class="lb-trans"><p>我们不能不提中国渤海银行的_总股东回报_（TSR）与其_股价回报_之间的差异。TSR 试图捕捉股息的价值（假设它们被再投资）以及任何分拆或向股东提供的折扣融资。中国渤海银行的 TSR 在五年内损失了 76%。这比其股价回报要好，因为它支付了股息。</p>
</div><h2>A Different Perspective</h2>
<div class="lb-trans"><h2>不同的视角</h2>
</div><p>China Bohai Bank shareholders are up 1.1% for the year. But that return falls short of the market. On the bright side, that's still a gain, and it is certainly better than the yearly loss of about 12% endured over half a decade. It could well be that the business is stabilizing. 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. Consider risks, for instance. Every company has them, and we've spotted <strong>1 warning sign for China Bohai Bank</strong> you should know about.</p>
<div class="lb-trans"><p>中国渤海银行的股东今年上涨了 1.1%。但这一回报低于市场。好的一面是，这仍然是一个收益，当然比过去五年大约 12% 的年损失要好。业务可能正在稳定。我发现从长期来看股价作为业务表现的代理非常有趣。但要真正获得洞察，我们还需要考虑其他信息。例如，考虑风险。每家公司都有风险，我们发现了 <strong>1 个中国渤海银行的警示信号</strong>，你应该知道。</p>
</div><p>If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this <strong>free</strong> list of companies that have proven they can grow earnings.</p>
<div class="lb-trans"><p>如果你更愿意查看另一家公司——一家财务状况可能更优越的公司——那么不要错过这份 <strong>免费</strong> 的公司名单，这些公司已经证明它们能够增长收益。</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>
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<div class="lb-trans"><h3><strong>新：</strong> AI 股票筛选器和提醒</h3>
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渤海银行（HKG:9668）的收益在过去五年中持续下降，导致股东损失 76%