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Solid Earnings Reflect VT Industrial TechnologyLtd's (SZSE:300707) Strength As A Business

Solid Earnings Reflect VT Industrial TechnologyLtd's (SZSE:300707) Strength As A Business

穩健的收益反映了VT Industrial TechnologyLtd(深圳證券交易所代碼:300707)的企業實力
Simply Wall St ·  05/04 21:17

VT Industrial Technology Co.,Ltd (SZSE:300707) recently posted some strong earnings, and the market responded positively. We did some digging and found some further encouraging factors that investors will like.

VT 工業技術有限公司, Ltd(深圳證券交易所代碼:300707)最近公佈了一些強勁的收益,市場反應積極。我們進行了一些挖掘,發現了一些投資者會喜歡的進一步令人鼓舞的因素。

earnings-and-revenue-history
SZSE:300707 Earnings and Revenue History May 5th 2024
SZSE: 300707 收益和收入歷史記錄 2024 年 5 月 5 日

In order to understand the potential for per share returns, it is essential to consider how much a company is diluting shareholders. In fact, VT Industrial TechnologyLtd increased the number of shares on issue by 13% over the last twelve months by issuing new shares. That means its earnings are split among a greater number of shares. Per share metrics like EPS help us understand how much actual shareholders are benefitting from the company's profits, while the net income level gives us a better view of the company's absolute size. Check out VT Industrial TechnologyLtd's historical EPS growth by clicking on this link.

爲了了解每股回報的可能性,必須考慮公司在多大程度上稀釋了股東。實際上,VT Industrial TechnologyLtd在過去十二個月中通過發行新股將已發行股票數量增加了13%。這意味着其收益將分配給更多的股票。每股收益等每股指標可以幫助我們了解實際股東從公司的利潤中受益的程度,而淨收入水平則使我們能夠更好地了解公司的絕對規模。點擊此鏈接,查看VT Industrial TechnologyLtd的歷史每股收益增長。

A Look At The Impact Of VT Industrial TechnologyLtd's Dilution On Its Earnings Per Share (EPS)

看看VT Industrial TechnologyLtd的稀釋對其每股收益(EPS)的影響

As you can see above, VT Industrial TechnologyLtd has been growing its net income over the last few years, with an annualized gain of 81% over three years. In comparison, earnings per share only gained 56% over the same period. And at a glance the 23% gain in profit over the last year impresses. But in comparison, EPS only increased by 6.4% over the same period. So you can see that the dilution has had a bit of an impact on shareholders.

如上所示,VT Industrial TechnologyLtd在過去幾年中一直在增長其淨收入,三年內年化收益爲81%。相比之下,收益 每股 同期僅上漲了56%。乍一看,去年利潤增長了23%,令人印象深刻。但相比之下,同期每股收益僅增長了6.4%。因此,你可以看到稀釋對股東產生了一些影響。

Changes in the share price do tend to reflect changes in earnings per share, in the long run. So VT Industrial TechnologyLtd shareholders will want to see that EPS figure continue to increase. But on the other hand, we'd be far less excited to learn profit (but not EPS) was improving. For that reason, you could say that EPS is more important that net income in the long run, assuming the goal is to assess whether a company's share price might grow.

從長遠來看,股價的變化往往會反映每股收益的變化。因此,VT Industrial TechnologyLtd的股東們希望看到每股收益繼續增加。但另一方面,得知利潤(但不是每股收益)在改善,我們就不那麼興奮了。出於這個原因,你可以說從長遠來看,每股收益比淨收入更重要,前提是目標是評估公司的股價是否可能上漲。

Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of VT Industrial TechnologyLtd.

注意:我們始終建議投資者檢查資產負債表的實力。點擊此處查看我們對VT Industrial TechnologyLtd的資產負債表分析

How Do Unusual Items Influence Profit?

不尋常的物品如何影響利潤?

On top of the dilution, we should also consider the CN¥26m impact of unusual items in the last year, which had the effect of suppressing profit. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And, after all, that's exactly what the accounting terminology implies. Assuming those unusual expenses don't come up again, we'd therefore expect VT Industrial TechnologyLtd to produce a higher profit next year, all else being equal.

除了稀釋外,我們還應考慮去年不尋常項目對2600萬元人民幣的影響,其效果是抑制了利潤。看到不尋常的項目使公司利潤付出代價從來都不是一件好事,但從好的方面來看,情況可能遲早會好轉。我們調查了數千家上市公司,發現不尋常的物品本質上往往是一次性的。而且,畢竟,這正是會計術語的含義。假設這些不尋常的支出不會再次出現,因此,我們預計VT Industrial TechnologyLtd在其他條件相同的情況下,明年將實現更高的利潤。

Our Take On VT Industrial TechnologyLtd's Profit Performance

我們對VT工業技術有限公司利潤表現的看法

VT Industrial TechnologyLtd suffered from unusual items which depressed its profit in its last report; if that is not repeated then profit should be higher, all else being equal. But on the other hand, the company issued more shares, so without buying more shares each shareholder will end up with a smaller part of the profit. Considering the aforementioned, we think that VT Industrial TechnologyLtd's profits are probably a reasonable reflection of its underlying profitability; although we'd be confident in that conclusion if we saw a cleaner set of results. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. Case in point: We've spotted 4 warning signs for VT Industrial TechnologyLtd you should be mindful of and 2 of these bad boys can't be ignored.

VT Industrial TechnologyLtd在其上一份報告中遇到了一些不尋常的項目,這壓低了其利潤;如果不重複這種情況,那麼在其他條件相同的情況下,利潤應該會更高。但另一方面,該公司發行了更多股票,因此,如果不購買更多股票,每位股東最終將獲得較小的利潤。考慮到上述情況,我們認爲VT Industrial TechnologyLtd的利潤可能合理地反映了其潛在的盈利能力;儘管如果我們看到更清晰的業績,我們會對這一結論充滿信心。考慮到這一點,除非我們對風險有透徹的了解,否則我們不會考慮投資股票。一個很好的例子:我們已經發現了你應該注意的VT Industrial TechnologyLtd的4個警告信號,其中兩個不容忽視。

In this article we've looked at a number of factors that can impair the utility of profit numbers, as a guide to a business. But there are plenty of other ways to inform your opinion of a company. 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. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying to be useful.

在本文中,我們研究了許多可能損害利潤數字效用的因素,以此作爲企業的指南。但是,還有很多其他方法可以讓你對公司的看法。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。雖然可能需要你進行一些研究,但你可能會發現這份免費收集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很有用。

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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