Earnings Troubles May Signal Larger Issues for Far East Smarter Energy (SHSE:600869) Shareholders
Earnings Troubles May Signal Larger Issues for Far East Smarter Energy (SHSE:600869) Shareholders
Investors were disappointed by Far East Smarter Energy Co., Ltd.'s (SHSE:600869 ) latest earnings release. Our analysis has found some reasons to be concerned, beyond the weak headline numbers.
投资者对远东智慧能源有限公司感到失望。”s (SHSE: 600869) 最新财报发布。我们的分析发现,除了疲软的标题数字外,还有一些令人担忧的理由。
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How Do Unusual Items Influence Profit?
不寻常的物品如何影响利润?
To properly understand Far East Smarter Energy's profit results, we need to consider the CN¥64m 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. 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. 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).
为了正确了解远东智慧能源的利润业绩,我们需要考虑不寻常项目带来的6400万元人民币的收益。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。我们统计了全球大多数上市公司的数字,不寻常的物品在自然界中很常见。而且,毕竟,这正是会计术语的含义。假设这些不寻常的项目在本年度不会再次出现,因此我们预计明年的利润将疲软(也就是说,在业务没有增长的情况下)。
That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.
这可能会让你想知道分析师对未来盈利能力的预测。幸运的是,您可以单击此处查看根据他们的估计描绘未来盈利能力的交互式图表。
Our Take On Far East Smarter Energy's Profit Performance
我们对远东智慧能源盈利表现的看法
We'd posit that Far East Smarter Energy's statutory earnings aren't a clean read on ongoing productivity, due to the large unusual item. Therefore, it seems possible to us that Far East Smarter Energy's true underlying earnings power is actually less 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. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. Case in point: We've spotted 3 warning signs for Far East Smarter Energy you should be mindful of and 1 of them is potentially serious.
我们认为,由于这一重大不寻常的项目,远东智慧能源的法定收益并不能完全反映持续的生产率。因此,在我们看来,远东智慧能源的真正潜在盈利能力实际上可能低于其法定利润。不幸的是,在过去的十二个月中,其每股收益有所下降。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。请记住,在分析股票时,值得注意所涉及的风险。一个很好的例子:我们发现了你应该注意的远东智慧能源的3个警告信号,其中一个可能很严重。
Today we've zoomed in on a single data point to better understand the nature of Far East Smarter Energy'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.
今天,我们放大了单一数据点,以更好地了解远东智慧能源利润的性质。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。