The subdued market reaction suggests that Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited's (HKG:1938) recent earnings didn't contain any surprises. We think that investors are worried about some weaknesses underlying the earnings.
View our latest analysis for Chu Kong Petroleum and Natural Gas Steel Pipe Holdings
SEHK:1938 Earnings and Revenue History September 20th 2022
The Impact Of Unusual Items On Profit
To properly understand Chu Kong Petroleum and Natural Gas Steel Pipe Holdings' profit results, we need to consider the CN¥353m gain attributed to 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. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's as you'd expect, given these boosts are described as 'unusual'. Chu Kong Petroleum and Natural Gas Steel Pipe Holdings had a rather significant contribution from unusual items relative to its profit to June 2022. 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 Chu Kong Petroleum and Natural Gas Steel Pipe Holdings.
Our Take On Chu Kong Petroleum and Natural Gas Steel Pipe Holdings' Profit Performance
As previously mentioned, Chu Kong Petroleum and Natural Gas Steel Pipe Holdings' 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 Chu Kong Petroleum and Natural Gas Steel Pipe Holdings' underlying earnings power is lower than its statutory profit. Sadly, its EPS was down over the last twelve months. 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. Case in point: We've spotted 4 warning signs for Chu Kong Petroleum and Natural Gas Steel Pipe Holdings you should be mindful of and 1 of these bad boys doesn't sit too well with us.
Today we've zoomed in on a single data point to better understand the nature of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings' profit. But there are plenty of other ways to inform your opinion of a company. 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.
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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.
低迷的市场反应表明珠江石油天然气钢管控股有限公司(HKG:1938)最近的收益不包含任何意外。我们认为,投资者担心的是盈利背后的一些弱点。
查看我们对楚空石油天然气钢管控股公司的最新分析
联交所:1938年盈利及收入历史2022年9月20日
异常项目对利润的影响
要正确理解楚空石油天然气钢管控股公司的盈利业绩,我们需要考虑归因于异常项目的3.53亿加元收益。虽然我们喜欢看到利润增加,但当不寻常的项目做出了很大贡献时,我们往往会更加谨慎。当我们分析全球绝大多数上市公司时,我们发现重大的不寻常项目往往不会重复。考虑到这些提振被描述为“不寻常的”,这正如你所预期的那样。楚港石油天然气钢管控股有限公司在截至2022年6月的利润中,从异常项目中做出了相当大的贡献。在其他条件不变的情况下,这可能会使法定利润成为衡量潜在盈利能力的糟糕指标。
注:我们总是建议投资者检查资产负债表的实力。点击此处查看我们对楚港石油天然气钢管控股公司的资产负债表分析。
我们对楚空石油天然气钢管控股公司盈利表现的看法
如前所述,珠江石油天然气钢管控股有限公司从特殊项目获得的大幅提振不会无限期存在,因此其法定收益可能不能很好地反映其潜在盈利能力。因此,我们认为情况很可能是,珠江石油天然气钢管控股公司的基本盈利能力低于其法定利润。遗憾的是,在过去的12个月里,它的每股收益一直在下降。当然,当谈到分析其收益时,我们只是触及了皮毛;人们还可以考虑利润率、预测增长和投资回报等因素。有鉴于此,如果你想对公司做更多的分析,了解其中的风险是至关重要的。一个恰当的例子:我们发现了4珠江石油天然气钢管控股公司的警告标志你应该注意,这些坏孩子中有一个和我们坐在一起不太好。
今天,我们放大了一个数据点,以更好地了解楚港石油天然气钢管控股公司利润的性质。但还有很多其他方式可以让你了解一家公司的看法。一些人认为,高股本回报率是高质量企业的良好标志。虽然这可能需要为您做一些研究,但您可能会发现免费拥有高股本回报率的公司的集合,或者是内部人士购买的有用的股票清单。
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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。