<p>長期投資是明智之舉，但這並不意味着你應該永遠持有每一隻股票。我們非常不願意看到投資者失去他們辛苦賺來的錢。例如，我們對在過去五年中持有 <strong>中國渤海銀行</strong>（HKG:9668）的任何人表示同情，因為其股價暴跌了驚人的 78%。此外，股價在大約一個季度內下跌了 14%。這對持有者來説並不好受。</p>
<p>雖然過去五年對中國渤海銀行的股東來説很艱難，但過去一週卻顯示出一些希望的跡象。那麼，讓我們看看長期的基本面，看看它們是否是負回報的驅動因素。</p>
<p>這項技術可能會取代計算機：發現 20 只正在努力使量子計算成為現實的股票。</p>
<p>雖然市場是一個強大的定價機制，但股價反映的是投資者情緒，而不僅僅是基礎業務表現。考慮市場對一家公司的看法如何變化的一個不完美但簡單的方法是比較每股收益（EPS）的變化與股價的變動。</p>
<p>在股價下跌的五年中，中國渤海銀行的每股收益（EPS）每年下降了 15%。這一 EPS 的減少低於股價每年 26% 的下降。這意味着市場之前對該股票過於樂觀。當前的市盈率為 3.25，反映出不太樂觀的情緒。</p>
<p>你可以在下面的圖像中看到 EPS 隨時間的變化（點擊圖表查看確切數值）。</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 每股收益增長 2026 年 2 月 10 日</p>
<p>在買入或賣出股票之前，我們總是建議仔細檢查歷史增長趨勢，相關信息可在此處獲取。</p>
<h2>總股東回報（TSR）如何？</h2>
<p>我們不能不提中國渤海銀行的_總股東回報_（TSR）與其_股價回報_之間的差異。TSR 試圖捕捉股息的價值（假設它們被再投資）以及任何分拆或向股東提供的折扣融資。中國渤海銀行的 TSR 在五年內損失了 76%。這比其股價回報要好，因為它支付了股息。</p>
<h2>不同的視角</h2>
<p>中國渤海銀行的股東今年上漲了 1.1%。但這一回報低於市場。好的一面是，這仍然是一個收益，當然比過去五年大約 12% 的年損失要好。業務可能正在穩定。我發現從長期來看股價作為業務表現的代理非常有趣。但要真正獲得洞察，我們還需要考慮其他信息。例如，考慮風險。每家公司都有風險，我們發現了 <strong>1 箇中國渤海銀行的警示信號</strong>，你應該知道。</p>
<p>如果你更願意查看另一家公司——一家財務狀況可能更優越的公司——那麼不要錯過這份 <strong>免費</strong> 的公司名單，這些公司已經證明它們能夠增長收益。</p>
<p><em>請注意，本文中引用的市場回報反映了目前在香港交易所交易的股票的市場加權平均回報。</em></p>
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渤海銀行

華安中證銀行ETF

華寶中證銀行ETF

華夏中證銀行ETF

中證銀行ETF

富國中證800銀行ETF

<p>渤海銀行（HKG:9668）的盈利大幅下降，過去五年股價下跌了 78%，導致股東總回報損失達 76%。儘管今年上漲了 1.1%，但仍落後於市場。該銀行的每股收益（EPS）年均下降 15%，表明市場之前過於樂觀。目前，市盈率為 3.25，反映出較不利的市場情緒。建議投資者在做出決策前考慮風險並審視增長趨勢</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>長期投資是明智之舉，但這並不意味着你應該永遠持有每一隻股票。我們非常不願意看到投資者失去他們辛苦賺來的錢。例如，我們對在過去五年中持有 <strong>中國渤海銀行</strong>（HKG:9668）的任何人表示同情，因為其股價暴跌了驚人的 78%。此外，股價在大約一個季度內下跌了 14%。這對持有者來説並不好受。</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>雖然過去五年對中國渤海銀行的股東來説很艱難，但過去一週卻顯示出一些希望的跡象。那麼，讓我們看看長期的基本面，看看它們是否是負回報的驅動因素。</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>這項技術可能會取代計算機：發現 20 只正在努力使量子計算成為現實的股票。</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>雖然市場是一個強大的定價機制，但股價反映的是投資者情緒，而不僅僅是基礎業務表現。考慮市場對一家公司的看法如何變化的一個不完美但簡單的方法是比較每股收益（EPS）的變化與股價的變動。</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>在股價下跌的五年中，中國渤海銀行的每股收益（EPS）每年下降了 15%。這一 EPS 的減少低於股價每年 26% 的下降。這意味着市場之前對該股票過於樂觀。當前的市盈率為 3.25，反映出不太樂觀的情緒。</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>你可以在下面的圖像中看到 EPS 隨時間的變化（點擊圖表查看確切數值）。</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 每股收益增長 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>在買入或賣出股票之前，我們總是建議仔細檢查歷史增長趨勢，相關信息可在此處獲取。</p>
</div><h2>What About The Total Shareholder Return (TSR)?</h2>
<div class="lb-trans"><h2>總股東回報（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>我們不能不提中國渤海銀行的_總股東回報_（TSR）與其_股價回報_之間的差異。TSR 試圖捕捉股息的價值（假設它們被再投資）以及任何分拆或向股東提供的折扣融資。中國渤海銀行的 TSR 在五年內損失了 76%。這比其股價回報要好，因為它支付了股息。</p>
</div><h2>A Different Perspective</h2>
<div class="lb-trans"><h2>不同的視角</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>中國渤海銀行的股東今年上漲了 1.1%。但這一回報低於市場。好的一面是，這仍然是一個收益，當然比過去五年大約 12% 的年損失要好。業務可能正在穩定。我發現從長期來看股價作為業務表現的代理非常有趣。但要真正獲得洞察，我們還需要考慮其他信息。例如，考慮風險。每家公司都有風險，我們發現了 <strong>1 箇中國渤海銀行的警示信號</strong>，你應該知道。</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>如果你更願意查看另一家公司——一家財務狀況可能更優越的公司——那麼不要錯過這份 <strong>免費</strong> 的公司名單，這些公司已經證明它們能夠增長收益。</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>請注意，本文中引用的市場回報反映了目前在香港交易所交易的股票的市場加權平均回報。</em></p>
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渤海銀行（HKG:9668）的收益在過去五年中持續下降，導致股東損失 76%