为什么除权？

除权是指当股票或其他有价证券发行时，发行公司按一定比例向投资者分配的股份或股票，以使公司的股票价格与公司净资产和盈利能力相匹配。除权是公司分配股份的重要手段之一，也是投资者调整投资策略的重要参考。那么，为什么除权呢？

Firstly, the purpose of the distribution is to adjust the stock price to better reflect the company's true value.除权的目的是为了调整股票价格，使其更好地反映公司的真实价值。 The distribution allows shareholders to buy back the company's stock at a lower price, which can help the company's net assets and earnings per share to better reflect the company's true value.除权可以让股东以更低的价格回购公司股票，这有助于公司的净资产和每股收益更好地反映公司的真实价值。

Secondly, distribution can also help improve the company's capital structure.分配也可以帮助改善公司的资本结构。 By redistributing the company's capital structure, it can help improve the efficiency of capital operation and increase the company's profitability.通过重新分配公司的资本结构，可以帮助提高资本运作的效率，增加公司的盈利能力。

Thirdly, distribution can help shareholders adjust their investment strategies.分配也可以帮助股东调整他们的投资策略。 For example, if a company has a good performance in the previous year, shareholders can obtain more dividends and buy back more shares when the stock price is low. This can help shareholders adjust their portfolios and reduce risks.例如，如果一家公司在上一年度表现良好，股东可以获得更多的分红，并在股价较低时回购更多股票。这可以帮助股东调整他们的投资组合，减少风险。

Finally, distribution can help maintain the stability of the stock market.分配也有助于维持股票市场的稳定性。 If a company has a good performance and issues a dividend, it can help improve the company's reputation and reputation, which can help maintain the stability of the stock market.如果一家公司业绩良好并发行了分红，这可以帮助提高公司的声誉和形象，从而有助于维持股票市场的稳定性。英文翻译：

总的来说，除权是为了调整股票价格以反映公司的真实价值、改善公司的资本结构、帮助股东调整投资策略以及维持股票市场的稳定性。除权是公司分配股份的重要手段之一，也是投资者调整投资策略的重要参考。