什么叫高送转：中英文双语解读

中文版

高送转，是股票市场中常用的一种术语，它通常指的是上市公司通过送红股、转增股本等方式，将其利润或资本公积金转增为股本，进而提升每股的净资产值。在此过程中，投资者持有的股票数量会增加，但每股的股价会相应地下调，总市值则保持不变。高送转往往被视为公司财务健康、盈利能力强的表现，同时也是对投资者的一种回馈。

高送转的出现，通常意味着公司对未来充满信心，愿意通过扩大股本与股东分享成长果实。然而，对于投资者来说，高送转并非总是利好的信号。投资者需要警惕的是，高送转可能伴随着股价的短期波动，而且如果公司业绩无法持续支持高送转带来的股本扩张，股价可能会面临长期下跌的风险。因此，投资者在面对高送转时，应全面考虑公司的基本面、市场前景以及自身的风险承受能力，做出理性的投资决策。

英文版

What Is High Dividend and Capital Increase (High Send-and-Convert)?

English Version

High dividend and capital increase, commonly referred to as "high send-and-convert" in the stock market, is a term used to describe a company's practice of converting its profits or capital reserves into additional shares, typically through the issuance of bonus shares or capital increases. This action boosts the net asset value per share by increasing the number of shares held by investors while correspondingly reducing the price of each individual share, keeping the overall market capitalization unchanged. High send-and-convert is often seen as a sign of a company's financial health and strong profitability, as well as a reward to its investors.

The emergence of high send-and-convert typically indicates that a company is confident about its future and is willing to share its growth fruits with shareholders through expanded capital. However, for investors, high send-and-convert is not always a positive signal. Investors should be vigilant that high send-and-convert may be accompanied by short-term fluctuations in stock prices. Furthermore, if a company's performance cannot sustain the capital expansion brought by high send-and-convert, the stock price may face the risk of long-term decline. Therefore, when facing high send-and-convert, investors should make rational investment decisions by comprehensively considering the company's fundamentals, market prospects, and their own risk tolerance.