Jiangsu Sainty (SHSE:600287) Strong Profits May Be Masking Some Underlying Issues
Jiangsu Sainty (SHSE:600287) Strong Profits May Be Masking Some Underlying Issues
Jiangsu Sainty Corp., Ltd.'s (SHSE:600287) healthy profit numbers didn't contain any surprises for investors. We believe that shareholders have noticed some concerning factors beyond the statutory profit numbers.
江苏舜天股份有限公司's (SHSE: 600287) 健康的利润数字并没有给投资者带来任何意外。我们认为,除了法定利润数字外,股东们已经注意到了一些令人担忧的因素。
Check out our latest analysis for Jiangsu Sainty
查看我们对江苏舜天的最新分析
How Do Unusual Items Influence Profit?
不寻常的物品如何影响利润?
For anyone who wants to understand Jiangsu Sainty's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from CN¥53m worth of unusual items. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. And, after all, that's exactly what the accounting terminology implies. We can see that Jiangsu Sainty's positive unusual items were quite significant relative to its profit in the year to September 2023. As a result, we can surmise that the unusual items are making its statutory profit significantly stronger than it would otherwise be.
对于任何想了解江苏舜天在法定数字之外的利润的人来说,值得注意的是,在过去的十二个月中,从价值5300万元人民币的稀有物品中获得了法定利润。虽然获得更高的利润总是件好事,但来自不寻常物品的巨额贡献有时会抑制我们的热情。我们统计了全球大多数上市公司的数字,在自然界中,一次性出现不寻常物品的情况很常见。而且,毕竟,这正是会计术语的含义。我们可以看到,在截至2023年9月的一年中,江苏舜天的不寻常利润相对于其利润相当可观。因此,我们可以推测,这些不寻常的物品使其法定利润比原本要高得多。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Jiangsu Sainty.
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江苏舜天资产负债表的分析。
Our Take On Jiangsu Sainty's Profit Performance
我们对江苏舜天盈利表现的看法
As previously mentioned, Jiangsu Sainty's 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 Jiangsu Sainty's underlying earnings power is lower than its statutory profit. On the bright side, the company showed enough improvement to book a profit this year, after losing money 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 want to do dive deeper into Jiangsu Sainty, you'd also look into what risks it is currently facing. When we did our research, we found 3 warning signs for Jiangsu Sainty (1 doesn't sit too well with us!) that we believe deserve your full attention.
如前所述,江苏舜天因不寻常项目而获得的大幅提振不会无限期地存在,因此其法定收益可能无法很好地指导其潜在盈利能力。因此,我们认为江苏舜天的基础盈利能力很可能低于其法定利润。好的一面是,该公司在去年亏损之后,表现出足够的进步,足以在今年实现盈利。当然,在分析其收益时,我们才刚刚浮出水面;人们还可以考虑利润率、预测增长和投资回报率等因素。如果你想更深入地了解江苏舜天,你还要看看它目前面临的风险。当我们进行研究时,我们发现了江苏舜天的 3 个警告信号(1 个对我们来说不太合适!)我们认为值得你充分关注。
Today we've zoomed in on a single data point to better understand the nature of Jiangsu Sainty'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,以更好地了解江苏舜天利润的性质。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。尽管可能需要代表你进行一些研究,但你可能会发现这份免费收集的拥有高股本回报率的公司,或者这份内部人士正在购买的股票清单很有用。
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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,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本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型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。