什么是摊薄成本？

中文版

摊薄成本，也被称为平均成本，是指投资者在持有某只股票或资产时，由于该公司发行新股、回购股票或其他股份变动导致持股比例变化，从而使得原始投资成本被“摊薄”或分散到更多的股份上，进而形成的平均成本。

具体来说，当一家公司发行新股时，原有股东的持股比例会被稀释，因此他们的投资成本会分摊到更多的股份上，导致每股的摊薄成本降低。相反，如果公司回购股票，股东的持股比例会增加，他们的投资成本会集中在更少的股份上，从而提高了每股的摊薄成本。

了解摊薄成本对于投资者来说具有重要意义。首先，它可以帮助投资者更准确地了解自己在某只股票或资产上的真实投资成本。其次，通过比较股票的当前市场价格与摊薄成本，投资者可以评估自己的投资是否处于盈利或亏损状态。

然而，需要注意的是，摊薄成本仅代表投资者的历史投资成本，并不完全反映股票或资产的真实价值。投资者在做出决策时，还应综合考虑其他因素，如公司的基本面、市场环境、行业趋势等。

英文版

What is Diluted Cost?

English Version

Diluted cost, also known as average cost, refers to the average cost formed when investors hold a certain stock or asset due to changes in shareholding ratios caused by the issuance of new shares, share repurchases, or other share capital changes by the company.

Specifically, when a company issues new shares, the shareholding ratio of existing shareholders will be diluted, and their investment cost will be spread over more shares, resulting in a lower diluted cost per share. Conversely, if a company repurchases shares, shareholders' shareholding ratios will increase, and their investment cost will be concentrated on fewer shares, thereby increasing the diluted cost per share.

Understanding diluted cost is important for investors. Firstly, it helps investors more accurately understand their true investment cost in a particular stock or asset. Secondly, by comparing the current market price of the stock with the diluted cost, investors can assess whether their investment is in a profitable or loss state.

However, it should be noted that diluted cost only represents the historical investment cost of investors and does not fully reflect the true value of the stock or asset. When making decisions, investors should also consider other factors comprehensively, such as the company's fundamentals, market environment, industry trends, etc.