为什么要摊薄即期回报？

中文版

摊薄即期回报，是为了更真实地反映公司在短期内为股东创造的价值。在现代企业中，股份的变动是一个常态，包括发行新股、回购股票、股权激励等。这些股份变动会导致股东的持股比例和相应的回报发生变化，从而影响投资者对公司的真实盈利能力和投资价值的判断。

通过摊薄即期回报，投资者可以更准确地了解公司在短期内为股东创造的实际回报。这种调整考虑了股份变动的影响，使得投资者能够更全面地评估公司的财务状况和投资潜力。

此外，摊薄即期回报还有助于投资者更好地进行投资决策。在比较不同公司的投资价值时，投资者通常会关注公司的盈利能力、增长前景和行业竞争等因素。而摊薄即期回报作为一个重要的财务指标，可以为投资者提供更为准确和全面的信息，帮助他们做出更为明智的投资选择。

总之，摊薄即期回报是为了更真实地反映公司在短期内为股东创造的价值，帮助投资者更准确地了解公司的真实盈利能力和投资潜力，并为他们提供更好的投资决策依据。

英文版

Why Dilute Immediate Return?

Diluting immediate return is necessary to more accurately reflect the value created for shareholders by a company in the short term. In modern corporations, share capital changes are a常态, including the issuance of new shares, share repurchases, equity incentives, and more. These changes can alter shareholders' ownership stakes and corresponding returns, thereby influencing investors' assessments of a company's true profitability and investment value.

By diluting immediate return, investors can gain a more precise understanding of the actual returns generated for shareholders in the short term. This adjustment accounts for the impact of share capital changes, enabling investors to assess a company's financial condition and investment potential more comprehensively.

Moreover, diluting immediate return aids investors in making better investment decisions. When comparing the investment value of different companies, investors typically focus on factors such as profitability, growth prospects, and industry competition. As an essential financial metric, diluted immediate return provides investors with more accurate and comprehensive information, assisting them in making wiser investment choices.

In conclusion, diluting immediate return is crucial for accurately reflecting the value created for shareholders in the short term, enabling investors to better understand a company's true profitability and investment potential. It serves as a valuable tool for investors to make informed decisions based on a comprehensive understanding of a company's financial situation.