什么是摊薄即期回报？

中文版

摊薄即期回报，是一个财务指标，用于衡量公司在短期内为股东创造的实际回报。这个指标的计算主要考虑了公司发行的新股、回购的股票、以及股份的其他变动情况，这些变动都会影响股东的持股比例和相应的回报。

具体来说，当公司发行新股或股份被稀释时，每个股东的持股比例会相应减少，从而可能降低他们的即期回报。相反，如果公司回购股票，股东的持股比例会增加，从而可能提高他们的即期回报。

摊薄即期回报的重要性在于，它能够帮助投资者更准确地了解公司的真实盈利能力和股东的即时回报情况。投资者在分析公司时，不仅要关注其净利润和每股收益等传统的财务指标，还需要考虑股份变动对股东回报的影响。

然而，投资者也需要注意，摊薄即期回报只是一个短期指标，不能完全代表公司的长期价值和投资潜力。因此，在分析公司时，投资者需要综合考虑多个财务指标和市场因素，以做出更为全面和准确的投资决策。

英文版

What is Diluted Immediate Return?

Diluted immediate return is a financial metric used to measure the actual return generated for shareholders by a company in the short term. This calculation primarily considers new shares issued, share repurchases, and other share capital changes, which can affect shareholders' ownership stakes and corresponding returns.

Specifically, when a company issues new shares or its share capital is diluted, each shareholder's ownership stake decreases, potentially reducing their immediate return. Conversely, when a company repurchases shares, shareholders' ownership stakes increase, potentially boosting their immediate return.

The importance of diluted immediate return lies in its ability to provide investors with a more accurate understanding of a company's true profitability and shareholders' immediate returns. When analyzing a company, investors should not only focus on traditional financial metrics such as net profit and earnings per share but also consider the impact of share capital changes on shareholder returns.

However, investors should note that diluted immediate return is a short-term metric and cannot fully represent a company's long-term value and investment potential. Therefore, when analyzing a company, investors need to consider multiple financial metrics and market factors comprehensively to make more comprehensive and accurate investment decisions.