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Zhewen Pictures Groupltd's (SHSE:601599) Solid Profits Have Weak Fundamentals

Zhewen Pictures Groupltd's (SHSE:601599) Solid Profits Have Weak Fundamentals

哲文影业集团有限公司(SHSE: 601599)的稳健利润基本面疲软
Simply Wall St ·  05/03 18:28

Unsurprisingly, Zhewen Pictures Group co.,ltd's (SHSE:601599) stock price was strong on the back of its healthy earnings report. However, we think that shareholders may be missing some concerning details in the numbers.

毫不奇怪,哲文影业集团有限公司,Ltd(上海证券交易所股票代码:601599)的股价因其健康的收益报告而表现强劲。但是,我们认为股东们可能遗漏了一些与数字相关的细节。

earnings-and-revenue-history
SHSE:601599 Earnings and Revenue History May 3rd 2024
SHSE: 601599 收益和收入历史记录 2024 年 5 月 3 日

How Do Unusual Items Influence Profit?

不寻常的物品如何影响利润?

For anyone who wants to understand Zhewen Pictures Groupltd's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from CN¥51m worth of unusual items. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. When we crunched the numbers on thousands of publicly listed companies, we found that a boost from unusual items in a given year is often not repeated the next year. Which is hardly surprising, given the name. Zhewen Pictures Groupltd had a rather significant contribution from unusual items relative to its profit to March 2024. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power.

对于任何想了解哲文影业集团在法定数字之外的利润的人来说,值得注意的是,在过去的十二个月中,从价值5100万元人民币的不寻常物品中获得了法定利润。虽然获得更高的利润总是件好事,但来自不寻常物品的巨额捐款有时会抑制我们的热情。当我们计算数千家上市公司的数字时,我们发现,特定年份中不寻常的项目所带来的提振通常不会在第二年重演。考虑到这个名字,这并不奇怪。截至2024年3月,哲文影业集团从不寻常的项目中获得了相当大的利润。在其他条件相同的情况下,这可能会使法定利润成为衡量潜在盈利能力的不良指导。

Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Zhewen Pictures Groupltd.

注意:我们始终建议投资者检查资产负债表的实力。点击此处查看我们对哲文影业集团有限公司的资产负债表分析。

Our Take On Zhewen Pictures Groupltd's Profit Performance

我们对哲文影业集团盈利表现的看法

As previously mentioned, Zhewen Pictures Groupltd's large boost from unusual items won't be there indefinitely, so its statutory earnings are probably a poor guide to its underlying profitability. As a result, we think it may well be the case that Zhewen Pictures Groupltd's underlying earnings power is lower than its statutory profit. The good news is that, its earnings per share increased by 28% in the last year. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. Every company has risks, and we've spotted 2 warning signs for Zhewen Pictures Groupltd you should know about.

如前所述,Zhewen Pictures Groupltd从不寻常的项目中获得的巨大提振不会无限期地存在,因此其法定收益可能无法很好地指导其潜在盈利能力。因此,我们认为哲文影业集团的潜在盈利能力很可能低于其法定利润。好消息是,其每股收益在去年增长了28%。当然,我们只是在分析其收益时才浮出水面;人们还可以考虑利润率、预测增长和投资回报率等因素。有鉴于此,如果你想对公司进行更多分析,了解所涉及的风险至关重要。每家公司都有风险,我们发现了两个你应该知道的哲文影业集团的警告信号。

This note has only looked at a single factor that sheds light on the nature of Zhewen Pictures Groupltd's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.

这份报告只研究了揭示哲文影业集团利润性质的单一因素。但是,如果你能够将注意力集中在细节上,总会有更多的事情需要发现。有些人认为高股本回报率是优质业务的好兆头。因此,你可能希望看到这份免费收藏的拥有高股本回报率的公司,或者这份内部人士正在购买的股票清单。

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

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