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Shanghai Industrial Urban Development Group (HKG:563) Strong Profits May Be Masking Some Underlying Issues
Shanghai Industrial Urban Development Group (HKG:563) Strong Profits May Be Masking Some Underlying Issues
Shanghai Industrial Urban Development Group Limited's (HKG:563) robust recent earnings didn't do much to move the stock. We believe that shareholders have noticed some concerning factors beyond the statutory profit numbers.
See our latest analysis for Shanghai Industrial Urban Development Group
SEHK:563 Earnings and Revenue History April 21st 2022How Do Unusual Items Influence Profit?
To properly understand Shanghai Industrial Urban Development Group's profit results, we need to consider the HK$1.2b gain attributed to 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. And, after all, that's exactly what the accounting terminology implies. Shanghai Industrial Urban Development Group had a rather significant contribution from unusual items relative to its profit to December 2021. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power.
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Shanghai Industrial Urban Development Group.
Our Take On Shanghai Industrial Urban Development Group's Profit Performance
As we discussed above, we think the significant positive unusual item makes Shanghai Industrial Urban Development Group's earnings a poor guide to its underlying profitability. As a result, we think it may well be the case that Shanghai Industrial Urban Development Group's underlying earnings power is lower than its statutory profit. But at least holders can take some solace from the 9.7% EPS growth in the last year. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. For instance, we've identified 4 warning signs for Shanghai Industrial Urban Development Group (1 is a bit concerning) you should be familiar with.
Today we've zoomed in on a single data point to better understand the nature of Shanghai Industrial Urban Development Group's 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. 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.
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.
Shanghai Industrial Urban Development Group Limited's (HKG:563) robust recent earnings didn't do much to move the stock. We believe that shareholders have noticed some concerning factors beyond the statutory profit numbers.
上海工業城市發展集團有限公司(HKG:563)近期強勁的收益對股價影響不大。我們相信,股東已經注意到了法定利潤數字以外的一些令人擔憂的因素。
See our latest analysis for Shanghai Industrial Urban Development Group
查看我們對上海工業城市發展集團的最新分析
How Do Unusual Items Influence Profit?
不尋常的項目如何影響利潤?
To properly understand Shanghai Industrial Urban Development Group's profit results, we need to consider the HK$1.2b gain attributed to 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. And, after all, that's exactly what the accounting terminology implies. Shanghai Industrial Urban Development Group had a rather significant contribution from unusual items relative to its profit to December 2021. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power.
要正確理解上海工業城市發展集團的盈利業績,我們需要考慮歸因於異常項目的12億港元收益。雖然有更高的利潤總是好事,但不尋常的東西帶來的巨大貢獻有時會挫傷我們的熱情。當我們分析了數千家上市公司的數據時,我們發現,在給定的一年中,不尋常的項目往往會帶來提振不第二年又重複了一遍。畢竟,這正是會計術語所暗示的。上海工業城市發展集團在截至2021年12月的利潤中,異常項目做出了相當大的貢獻。在其他條件不變的情況下,這可能會使法定利潤成為衡量潛在盈利能力的糟糕指標。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Shanghai Industrial Urban Development Group.
注:我們總是建議投資者檢查資產負債表的實力。點擊此處查看我們對上海工業城市發展集團的資產負債表分析。
Our Take On Shanghai Industrial Urban Development Group's Profit Performance
我們對上海工業城市發展集團盈利業績的看法
As we discussed above, we think the significant positive unusual item makes Shanghai Industrial Urban Development Group's earnings a poor guide to its underlying profitability. As a result, we think it may well be the case that Shanghai Industrial Urban Development Group's underlying earnings power is lower than its statutory profit. But at least holders can take some solace from the 9.7% EPS growth in the last year. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. For instance, we've identified 4 warning signs for Shanghai Industrial Urban Development Group (1 is a bit concerning) you should be familiar with.
正如我們上面討論的,我們認為這一重大的積極的不尋常項目使上海工業城市發展集團的收益不能很好地反映其潛在的盈利能力。因此,我們認為上海工業城市發展集團的潛在盈利能力很可能低於其法定利潤。但至少持有者可以從去年9.7%的每股收益增長中得到一些安慰。本文的目的是評估我們可以在多大程度上依賴法定收益來反映公司的潛力,但還有很多東西需要考慮。考慮到這一點,除非我們對風險有透徹的瞭解,否則我們不會考慮投資股票。例如,我們為上海工業城市發展集團確定了4個警示標誌(1個是有點令人擔憂的),你應該熟悉。
Today we've zoomed in on a single data point to better understand the nature of Shanghai Industrial Urban Development Group's 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. 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.
今天,我們放大了一個數據點,以更好地瞭解上海工業城市發展集團的利潤性質。但如果你有能力將注意力集中在細枝末節上,總會有更多的東西需要發現。例如,許多人認為高股本回報率是有利的商業經濟指標,而另一些人則喜歡“跟着錢走”,尋找內部人士正在買入的股票。雖然這可能需要為您做一些研究,但您可能會發現免費擁有高股本回報率的公司的集合,或者是內部人士購買的有用的股票清單。
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.
對這篇文章有什麼反饋嗎?擔心內容嗎?保持聯繫直接與我們聯繫。或者,也可以給編輯組發電子郵件,地址是implywallst.com。
這篇由《華爾街日報》撰寫的文章本質上是籠統的。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。簡單地説,華爾街在提到的任何股票中都沒有頭寸。
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moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.,Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
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