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Why NetDragon Websoft Holdings' (HKG:777) Shaky Earnings Are Just The Beginning Of Its Problems

Why NetDragon Websoft Holdings' (HKG:777) Shaky Earnings Are Just The Beginning Of Its Problems

爲什麼網龍網軟控股公司(HKG: 777)不穩定的收益僅僅是問題的開始
Simply Wall St ·  04/03 19:28

Last week's earnings announcement from NetDragon Websoft Holdings Limited (HKG:777) was disappointing to investors, with a sluggish profit figure. We did some analysis, and found that there are some reasons to be cautious about the headline numbers.

網龍網絡控股有限公司(HKG: 777)上週公佈的業績令投資者失望,盈利數字低迷。我們做了一些分析,發現有一些理由對標題數字持謹慎態度。

earnings-and-revenue-history
SEHK:777 Earnings and Revenue History April 3rd 2024
SEHK: 777 2024 年 4 月 3 日的收益和收入記錄

How Do Unusual Items Influence Profit?

不尋常的物品如何影響利潤?

Importantly, our data indicates that NetDragon Websoft Holdings' profit received a boost of CN¥75m in unusual items, over the last year. We can't deny that higher profits generally leave us optimistic, but we'd prefer it if the profit were to be sustainable. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. Which is hardly surprising, given the name. Assuming those unusual items don't show up again in the current year, we'd thus expect profit to be weaker next year (in the absence of business growth, that is).

重要的是,我們的數據表明,網龍網軟控股的利潤比去年增加了7500萬元人民幣的不尋常項目。我們不能否認更高的利潤通常會讓我們感到樂觀,但如果利潤是可持續的,我們更願意這樣做。當我們分析全球絕大多數上市公司時,我們發現重大不尋常的事項往往不會重演。考慮到這個名字,這並不奇怪。假設這些不尋常的項目在本年度不會再次出現,因此我們預計明年的利潤將疲軟(也就是說,在業務沒有增長的情況下)。

That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.

這可能會讓你想知道分析師對未來盈利能力的預測。幸運的是,您可以單擊此處查看根據他們的估計描繪未來盈利能力的交互式圖表。

Our Take On NetDragon Websoft Holdings' Profit Performance

我們對網龍網軟控股盈利表現的看法

Arguably, NetDragon Websoft Holdings' statutory earnings have been distorted by unusual items boosting profit. Therefore, it seems possible to us that NetDragon Websoft Holdings' true underlying earnings power is actually less than its statutory profit. In further bad news, its earnings per share decreased in the last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. If you'd like to know more about NetDragon Websoft Holdings as a business, it's important to be aware of any risks it's facing. For example, we've discovered 1 warning sign that you should run your eye over to get a better picture of NetDragon Websoft Holdings.

可以說,網龍網軟控股的法定收益被提高利潤的不尋常項目所扭曲。因此,在我們看來,網龍網軟控股的真正基礎盈利能力實際上可能低於其法定利潤。另一個壞消息是,其每股收益在去年有所下降。歸根結底,如果你想正確地了解公司,必須考慮的不僅僅是上述因素。如果您想進一步了解網龍網軟控股作爲一家企業,請務必了解其面臨的任何風險。例如,我們發現了一個警告信號,爲了更好地了解網龍網軟控股公司,你應該仔細觀察一下。

This note has only looked at a single factor that sheds light on the nature of NetDragon Websoft Holdings' profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. 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.

這份報告只考慮了揭示網龍網軟控股利潤性質的單一因素。但是,如果你能夠將注意力集中在細節上,總會有更多的事情需要發現。例如,許多人認爲高股本回報率是有利的商業經濟的標誌,而另一些人則喜歡 “關注資金”,尋找內部人士正在買入的股票。因此,你可能希望看到這份免費收藏的擁有高股本回報率的公司,或者這份內部人士正在購買的股票清單。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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