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Why Sino Harbour Holdings Group's (HKG:1663) Shaky Earnings Are Just The Beginning Of Its Problems

Why Sino Harbour Holdings Group's (HKG:1663) Shaky Earnings Are Just The Beginning Of Its Problems

为什么信和港控股集团(HKG: 1663)不稳定的收益只是其问题的开始
Simply Wall St ·  01/03 18:32

A lackluster earnings announcement from Sino Harbour Holdings Group Limited (HKG:1663) last week didn't sink the stock price. We think that investors are worried about some weaknesses underlying the earnings.

信和港控股集团有限公司(HKG: 1663)上周公布的收益乏善可陈,但并未使股价下跌。我们认为,投资者担心收益背后的一些弱点。

View our latest analysis for Sino Harbour Holdings Group

查看我们对信和港控股集团的最新分析

earnings-and-revenue-history
SEHK:1663 Earnings and Revenue History January 4th 2024
SEHK: 1663 收益和收入历史记录 2024 年 1 月 4 日

How Do Unusual Items Influence Profit?

不寻常的物品如何影响利润?

To properly understand Sino Harbour Holdings Group's profit results, we need to consider the CN¥22m gain attributed to unusual items. 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 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 that's as you'd expect, given these boosts are described as 'unusual'. We can see that Sino Harbour Holdings Group's positive unusual items were quite significant relative to its profit in the year to September 2023. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power.

为了正确了解信和港控股集团的盈利业绩,我们需要考虑不寻常项目带来的2200万元人民币的收益。我们不能否认更高的利润通常会让我们感到乐观,但如果利润是可持续的,我们更愿意这样做。当我们计算数千家上市公司的数字时,我们发现,特定年份中不寻常的项目所带来的提振通常不会在第二年重演。这正如你所预料的那样,因为这些增强被描述为 “不寻常”。我们可以看到,相对于截至2023年9月的一年中,信和港控股集团的正面不寻常项目与其利润相比相当可观。在其他条件相同的情况下,这可能会使法定利润成为衡量潜在盈利能力的不良指导。

Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Sino Harbour Holdings Group.

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信和港控股集团的资产负债表分析。

Our Take On Sino Harbour Holdings Group's Profit Performance

我们对信和港控股集团盈利表现的看法

As previously mentioned, Sino Harbour Holdings Group's large boost from unusual items won't be there indefinitely, so its statutory earnings are probably a poor guide to its underlying profitability. For this reason, we think that Sino Harbour Holdings Group's statutory profits may be a bad guide to its underlying earnings power, and might give investors an overly positive impression of the company. 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. So while earnings quality is important, it's equally important to consider the risks facing Sino Harbour Holdings Group at this point in time. For example, we've discovered 2 warning signs that you should run your eye over to get a better picture of Sino Harbour Holdings Group.

如前所述,信和港控股集团从不寻常项目中获得的巨大提振不会无限期地存在,因此其法定收益可能无法指导其潜在盈利能力。出于这个原因,我们认为信和港控股集团的法定利润可能不利于其潜在盈利能力,并可能给投资者留下过于积极的印象。另一个坏消息是,其每股收益在去年有所下降。当然,我们只是在分析其收益时才浮出水面;人们还可以考虑利润率、预测增长和投资回报率等因素。因此,尽管收益质量很重要,但考虑信和港控股集团目前面临的风险同样重要。例如,我们发现了两个警告信号,为了更好地了解信和港控股集团,你应该仔细看看。

This note has only looked at a single factor that sheds light on the nature of Sino Harbour Holdings 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.

这份报告只考虑了揭示信和港控股集团利润性质的单一因素。但是,如果你能够将注意力集中在细节上,总会有更多的事情需要发现。例如,许多人认为高股本回报率是有利的商业经济的标志,而另一些人则喜欢 “关注资金”,寻找内部人士正在买入的股票。虽然可能需要你进行一些研究,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提供基于历史数据和分析师预测的评论,我们的文章并非旨在提供财务建议。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,我们的分析可能不会考虑最新的价格敏感型公司公告或定性材料。华尔街只是没有持有上述任何股票的头寸。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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