We Think That There Are Some Issues For Zhejiang Tiantai Xianghe IndustrialLtd (SHSE:603500) Beyond Its Promising Earnings
We Think That There Are Some Issues For Zhejiang Tiantai Xianghe IndustrialLtd (SHSE:603500) Beyond Its Promising Earnings
Zhejiang Tiantai Xianghe Industrial Co.,Ltd.'s (SHSE:603500) robust recent earnings didn't do much to move the stock. We think this is due to investors looking beyond the statutory profits and being concerned with what they see.
浙江天台祥和实业有限公司,Ltd. 's (SHSE: 603500) 近期强劲的收益并没有对推动该股产生多大影响。我们认为这是由于投资者将目光投向了法定利润之外并关注他们所看到的情况。
Check out our latest analysis for Zhejiang Tiantai Xianghe IndustrialLtd
查看我们对浙江天台祥和实业有限公司的最新分析
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The Impact Of Unusual Items On Profit
不寻常物品对利润的影响
Importantly, our data indicates that Zhejiang Tiantai Xianghe IndustrialLtd's profit received a boost of CN¥6.3m 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. If Zhejiang Tiantai Xianghe IndustrialLtd doesn't see that contribution repeat, then all else being equal we'd expect its profit to drop over the current year.
重要的是,我们的数据表明,去年浙江天台祥和工业有限公司的异常项目利润增长了630万元人民币。我们不能否认,更高的利润通常使我们感到乐观,但如果利润是可持续的,我们更愿意这样做。当我们分析全球绝大多数上市公司时,我们发现重要的不寻常项目通常不会重演。考虑到这个名字,这并不奇怪。如果浙江天台祥和工业有限公司认为这种贡献不会重演,那么在其他条件相同的情况下,我们预计其利润将在本年度下降。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Zhejiang Tiantai Xianghe IndustrialLtd.
注意: 我们始终建议投资者检查资产负债表的实力。点击此处查看我们对浙江天台祥和实业有限公司的资产负债表分析
Our Take On Zhejiang Tiantai Xianghe IndustrialLtd's Profit Performance
我们对浙江天台祥和实业有限公司盈利表现的看法
We'd posit that Zhejiang Tiantai Xianghe IndustrialLtd'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 Tiantai Xianghe IndustrialLtd's statutory profits are better than its underlying earnings power. But at least holders can take some solace from the 10% per annum growth in EPS for the last three. 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. So while earnings quality is important, it's equally important to consider the risks facing Zhejiang Tiantai Xianghe IndustrialLtd at this point in time. When we did our research, we found 2 warning signs for Zhejiang Tiantai Xianghe IndustrialLtd (1 doesn't sit too well with us!) that we believe deserve your full attention.
我们认为,由于这个很大的不寻常项目,浙江天台祥和工业有限公司的法定收益并不能清晰地反映出持续的生产率。正因为如此,我们认为浙江天台祥和实业有限公司的法定利润可能优于其基础盈利能力。但至少持有人可以从过去三年的每股收益每年增长10%中得到一些安慰。归根结底,如果你想正确地了解公司,那么除了上述因素外,还必须考虑更多因素。因此,尽管收益质量很重要,但考虑浙江天台祥和实业有限公司目前面临的风险同样重要。当我们进行研究时,我们发现 浙江天台祥和实业有限公司的2个警告标志 (1 对我们来说不太合适!)我们认为这值得你充分关注。
Today we've zoomed in on a single data point to better understand the nature of Zhejiang Tiantai Xianghe IndustrialLtd'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.
今天,我们放大了单个数据点,以更好地了解浙江天台祥和实业有限公司的利润性质。但是,如果你能够将注意力集中在细节上,总会有更多值得发现的地方。有些人认为高股本回报率是高质量业务的好兆头。虽然可能需要为你做一些研究,但你可能会发现这一点 免费的 一系列拥有高股本回报率的公司,或者这份内部人士为了有用而买入的股票清单。
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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的这篇文章本质上是笼统的。 我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。 它不构成买入或卖出任何股票的建议,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。简而言之,华尔街在上述任何股票中都没有头寸。