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Zhejiang Jingu's (SZSE:002488) Profits May Not Reveal Underlying Issues

Zhejiang Jingu's (SZSE:002488) Profits May Not Reveal Underlying Issues

浙江金谷(SZSE:002488)的利潤可能不會透露潛在問題
Simply Wall St ·  05/09 18:47

Zhejiang Jingu Company Limited (SZSE:002488) just released a solid earnings report, and the stock displayed some strength. Despite this, our analysis suggests that there are some factors weakening the foundations of those good profit numbers.

浙江金谷股份有限公司(SZSE:002488)剛剛發佈了一份穩健的業績,該股表現出一定的走強。儘管如此,我們的分析表明,有一些因素削弱了這些良好利潤數字的基礎。

earnings-and-revenue-history
SZSE:002488 Earnings and Revenue History May 9th 2024
SZSE: 002488 收益和收入歷史記錄 2024 年 5 月 9 日

How Do Unusual Items Influence Profit?

不尋常的物品如何影響利潤?

For anyone who wants to understand Zhejiang Jingu's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from CN¥18m worth of unusual items. While we like to see profit increases, we tend to be a little more cautious when unusual items have made a big contribution. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. 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).

對於任何想了解浙江金谷在法定數字之外的利潤的人來說,值得注意的是,在過去的十二個月中,從價值1800萬元人民幣的不尋常物品中獲得了法定利潤。雖然我們希望看到利潤增加,但當不尋常的物品做出重大貢獻時,我們往往會更加謹慎一些。我們統計了全球大多數上市公司的數字,不尋常的物品在自然界中很常見。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)。

Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Zhejiang Jingu.

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浙江金谷的資產負債表分析。

Our Take On Zhejiang Jingu's Profit Performance

我們對浙江金谷盈利表現的看法

We'd posit that Zhejiang Jingu's statutory earnings aren't a clean read on ongoing productivity, due to the large unusual item. Because of this, we think that it may be that Zhejiang Jingu's statutory profits are better than its underlying earnings power. In further bad news, its earnings per share decreased 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. If you'd like to know more about Zhejiang Jingu as a business, it's important to be aware of any risks it's facing. For example, we've found that Zhejiang Jingu has 3 warning signs (2 shouldn't be ignored!) that deserve your attention before going any further with your analysis.

我們認爲,浙江金谷的法定收益並不能完全反映當前的生產率,這是因爲這個很大的不尋常項目。因此,我們認爲可能是浙江金谷的法定利潤要好於其基礎盈利能力。另一個壞消息是,其每股收益在去年有所下降。當然,我們只是在分析其收益時才浮出水面;人們還可以考慮利潤率、預測增長和投資回報率等因素。如果您想進一步了解浙江金谷作爲一家企業,請務必了解其面臨的任何風險。例如,我們發現浙江金谷有 3 個警告標誌(2 個不容忽視!)在進行進一步分析之前,這值得你注意。

This note has only looked at a single factor that sheds light on the nature of Zhejiang Jingu'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. 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.

這份報告只研究了揭示浙江金谷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。有些人認爲高股本回報率是優質業務的好兆頭。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。

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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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