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提到年报,许多投资者会认为这是专业人士才能看懂的“天书”。然而正是这本“天书”却是可以清晰地展现过去的一段时间内,上市公司将投资者的钱都用在了那些地方。对于普通投资者来说,它最直观的作用在于反映出上市公司的未来收益能力是否值得买入;对于基金经理来说,这是发现股票投资价值的最有利的数据。
When it comes to annual reports, many investors think this is what a professional understands. However, it is this book that clearly shows how listed companies spent their investors’ money in those places in the past period. For ordinary investors, its most intuitive role is to reflect whether the future returns of listed companies are worth buying; for fund managers, this is the most profitable data to discover the value of stock investment.