<p>當接近一半的香港公司市盈率（或稱 &#34;P/E&#34;）低於 12 倍時，您可能會考慮將 <strong>中國創意控股</strong>（HKG:8368）視為一個潛在的避開對象，因為它的市盈率為 15 倍。不過，僅僅將市盈率表面化是不明智的，因為可能有解釋説明其為何如此之高。</p>
<p>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表，免費獲取。</p>
<p>例如，考慮到中國創意控股最近的財務表現不佳，其盈利一直在下降。一個可能性是，市盈率之所以高，是因為投資者認為該公司仍然能夠在不久的將來超越更廣泛的市場。如果不是，那麼現有股東可能會對股價的可持續性感到相當緊張。</p>
<p>查看我們對中國創意控股的最新分析</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/302210645-pe-multiple-vs-industry-1-dark-2/1756163246374?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/302210645-pe-multiple-vs-industry-1-dark-2/1756163246374"/></p>
<p>SEHK:8368 市盈率與行業比較 2025 年 8 月 25 日</p>
<p>我們沒有分析師預測，但您可以通過查看我們關於中國創意控股的盈利、收入和現金流的 <strong>免費</strong> 報告，瞭解近期趨勢如何為公司未來鋪路。</p>
<h2>增長是否匹配高市盈率？</h2>
<p>為了證明其市盈率的合理性，中國創意控股需要實現超過市場的顯著增長。</p>
<p>首先回顧一下，公司的每股收益增長去年並不令人興奮，出現了令人失望的 60% 的下降。因此，三年前的盈利也整體下降了 47%。因此，股東們對中期盈利增長的預期感到沮喪。</p>
<p>將這一中期盈利軌跡與更廣泛市場一年的 21% 的擴張預測進行比較，顯示出這是一個不太樂觀的前景。</p>
<p>根據這些信息，我們發現中國創意控股的市盈率高於市場，這令人擔憂。似乎大多數投資者忽視了近期糟糕的增長率，並希望公司業務前景能夠好轉。只有最勇敢的人才會假設這些價格是可持續的，因為近期盈利趨勢的持續可能會對股價產生重大壓力。</p>
<h2>最終結論</h2>
<p>通常，我們會警告在做出投資決策時不要過於解讀市盈率，儘管它可以揭示其他市場參與者對公司的看法。</p>
<p>我們已經確定，中國創意控股目前的市盈率遠高於預期，因為其近期盈利在中期內一直在下降。當我們看到盈利回落並且表現不及市場預測時，我們懷疑股價面臨下跌風險，從而使高市盈率降低。除非近期中期條件顯著改善，否則很難接受這些價格是合理的。</p>
<p>在您形成意見之前，我們發現 <strong>中國創意控股的 4 個警示信號</strong>（其中 2 個讓我們感到不安！）您應該注意。</p>
<p>當然，<strong>您也可能找到比中國創意控股更好的股票</strong>。因此，您可能希望查看這份 <strong>免費</strong> 的其他公司集合，這些公司具有合理的市盈率並且盈利增長強勁。</p>

中國創意控股

<p>創意中國控股有限公司 (HKG:8368) 的市盈率為 15 倍，高於香港平均水平的 12 倍，這引發了股東的擔憂，因為最近公司的財務表現不佳，包括去年每股收益下降了 60%。公司的增長必須超過市場預期，以證明其高市盈率的合理性。隨着收益下降且未能達到市場預測，股價可能面臨風險，除非情況顯著改善。投資者應保持謹慎，並考慮其他具有更好增長前景和合理市盈率的股票</p>

<p>When close to half the companies in Hong Kong have price-to-earnings ratios (or &#34;P/E's&#34;) below 12x, you may consider <strong>Creative China Holdings Limited</strong>(HKG:8368) as a stock to potentially avoid with its 15x P/E ratio. Although, it's not wise to just take the P/E at face value as there may be an explanation why it's as high as it is.</p>
<div class="lb-trans"><p>當接近一半的香港公司市盈率（或稱 &#34;P/E&#34;）低於 12 倍時，您可能會考慮將 <strong>中國創意控股</strong>（HKG:8368）視為一個潛在的避開對象，因為它的市盈率為 15 倍。不過，僅僅將市盈率表面化是不明智的，因為可能有解釋説明其為何如此之高。</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>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表，免費獲取。</p>
</div><p>For example, consider that Creative China Holdings' financial performance has been poor lately as its earnings have been in decline. One possibility is that the P/E is high because investors think the company will still do enough to outperform the broader market in the near future. If not, then existing shareholders may be quite nervous about the viability of the share price.</p>
<div class="lb-trans"><p>例如，考慮到中國創意控股最近的財務表現不佳，其盈利一直在下降。一個可能性是，市盈率之所以高，是因為投資者認為該公司仍然能夠在不久的將來超越更廣泛的市場。如果不是，那麼現有股東可能會對股價的可持續性感到相當緊張。</p>
</div><p>See our latest analysis for Creative China Holdings</p>
<div class="lb-trans"><p>查看我們對中國創意控股的最新分析</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/302210645-pe-multiple-vs-industry-1-dark-2/1756163246374" alt="" original-src="https://images.simplywall.st/asset/chart/302210645-pe-multiple-vs-industry-1-dark-2/1756163246374"/></p>
<p>SEHK:8368 Price to Earnings Ratio vs Industry August 25th 2025</p>
<div class="lb-trans"><p>SEHK:8368 市盈率與行業比較 2025 年 8 月 25 日</p>
</div><p>We don't have analyst forecasts, but you can see how recent trends are setting up the company for the future by checking out our <strong>free</strong> report on Creative China Holdings' earnings, revenue and cash flow.</p>
<div class="lb-trans"><p>我們沒有分析師預測，但您可以通過查看我們關於中國創意控股的盈利、收入和現金流的 <strong>免費</strong> 報告，瞭解近期趨勢如何為公司未來鋪路。</p>
</div><h2>Does Growth Match The High P/E?</h2>
<div class="lb-trans"><h2>增長是否匹配高市盈率？</h2>
</div><p>In order to justify its P/E ratio, Creative China Holdings would need to produce impressive growth in excess of the market.</p>
<div class="lb-trans"><p>為了證明其市盈率的合理性，中國創意控股需要實現超過市場的顯著增長。</p>
</div><p>Taking a look back first, the company's earnings per share growth last year wasn't something to get excited about as it posted a disappointing decline of 60%. As a result, earnings from three years ago have also fallen 47% overall. Accordingly, shareholders would have felt downbeat about the medium-term rates of earnings growth.</p>
<div class="lb-trans"><p>首先回顧一下，公司的每股收益增長去年並不令人興奮，出現了令人失望的 60% 的下降。因此，三年前的盈利也整體下降了 47%。因此，股東們對中期盈利增長的預期感到沮喪。</p>
</div><p>Weighing that medium-term earnings trajectory against the broader market's one-year forecast for expansion of 21% shows it's an unpleasant look.</p>
<div class="lb-trans"><p>將這一中期盈利軌跡與更廣泛市場一年的 21% 的擴張預測進行比較，顯示出這是一個不太樂觀的前景。</p>
</div><p>With this information, we find it concerning that Creative China Holdings is trading at a P/E higher than the market. It seems most investors are ignoring the recent poor growth rate and are hoping for a turnaround in the company's business prospects. Only the boldest would assume these prices are sustainable as a continuation of recent earnings trends is likely to weigh heavily on the share price eventually.</p>
<div class="lb-trans"><p>根據這些信息，我們發現中國創意控股的市盈率高於市場，這令人擔憂。似乎大多數投資者忽視了近期糟糕的增長率，並希望公司業務前景能夠好轉。只有最勇敢的人才會假設這些價格是可持續的，因為近期盈利趨勢的持續可能會對股價產生重大壓力。</p>
</div><h2>The Final Word</h2>
<div class="lb-trans"><h2>最終結論</h2>
</div><p>Typically, we'd caution against reading too much into price-to-earnings ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company.</p>
<div class="lb-trans"><p>通常，我們會警告在做出投資決策時不要過於解讀市盈率，儘管它可以揭示其他市場參與者對公司的看法。</p>
</div><p>We've established that Creative China Holdings currently trades on a much higher than expected P/E since its recent earnings have been in decline over the medium-term. When we see earnings heading backwards and underperforming the market forecasts, we suspect the share price is at risk of declining, sending the high P/E lower. Unless the recent medium-term conditions improve markedly, it's very challenging to accept these prices as being reasonable.</p>
<div class="lb-trans"><p>我們已經確定，中國創意控股目前的市盈率遠高於預期，因為其近期盈利在中期內一直在下降。當我們看到盈利回落並且表現不及市場預測時，我們懷疑股價面臨下跌風險，從而使高市盈率降低。除非近期中期條件顯著改善，否則很難接受這些價格是合理的。</p>
</div><p>Before you settle on your opinion, we've discovered <strong>4 warning signs for Creative China Holdings</strong> (2 make us uncomfortable!) that you should be aware of.</p>
<div class="lb-trans"><p>在您形成意見之前，我們發現 <strong>中國創意控股的 4 個警示信號</strong>（其中 2 個讓我們感到不安！）您應該注意。</p>
</div><p>Of course, <strong>you might also be able to find a better stock than Creative China Holdings</strong>. So you may wish to see this <strong>free</strong> collection of other companies that have reasonable P/E ratios and have grown earnings strongly.</p>
<div class="lb-trans"><p>當然，<strong>您也可能找到比中國創意控股更好的股票</strong>。因此，您可能希望查看這份 <strong>免費</strong> 的其他公司集合，這些公司具有合理的市盈率並且盈利增長強勁。</p>
</div>

在當前價格水平下，中國創意控股有限公司（HKG:8368）的股東回報風險有所增加