2003年扬子石化以129.57%的涨幅成为A股市场最耀眼的明星股,并成为深市市值最大的股票。虽然03年涨幅较多,但04年以来分析师们仍对其痴心依旧,一致看好其后市。但看一个周期性行业和企业的成长性仅仅看一、两年是远远不够的,应该从一个市场、经济、产品的周期变化等综合因素来看公司盈利的变化。 In 2003, Yangzi Petrochemical became the most dazzling star stock in the A-share market with an increase of 129.57%, and became the largest stock in Shenzhen. Although there were more gains in 2003, analysts still remained sincerely about them in 2004, and they are optimistic about the market. However, looking at the growth of a cyclical industry and companies is only a matter of one or two years, which is far from enough. We should look at the changes in the company’s earnings from a combination of market, economic, and product cycle factors.