Concerns Surrounding Guangdong Delian Group's (SZSE:002666) Performance
Concerns Surrounding Guangdong Delian Group's (SZSE:002666) Performance
The recent earnings posted by Guangdong Delian Group Co., Ltd. (SZSE:002666) were solid, but the stock didn't move as much as we expected. We believe that shareholders have noticed some concerning factors beyond the statutory profit numbers.
广东德联集团有限公司(深圳证券交易所:002666)最近公布的收益稳健,但该股的走势没有我们预期的那么大。我们认为,股东们已经注意到法定利润数字之外的一些令人担忧的因素。
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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 Guangdong Delian Group's profit results, we need to consider the CN¥26m gain attributed to unusual items. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. 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. Which is hardly surprising, given the name. Guangdong Delian Group had a rather significant contribution from unusual items relative to its profit to December 2023. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power.
为了正确了解广东德联集团的盈利业绩,我们需要考虑不寻常项目带来的2600万元人民币的收益。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捐款有时会抑制我们的热情。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。考虑到这个名字,这并不奇怪。截至2023年12月,广东德联集团从不寻常的项目中获得了相当大的利润。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 Guangdong Delian 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广东德联集团的资产负债表分析。
Our Take On Guangdong Delian Group's Profit Performance
我们对广东德联集团盈利表现的看法
As we discussed above, we think the significant positive unusual item makes Guangdong Delian Group's earnings a poor guide to its underlying profitability. For this reason, we think that Guangdong Delian 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. 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. When we did our research, we found 3 warning signs for Guangdong Delian Group (2 shouldn't be ignored!) that we believe deserve your full attention.
正如我们上面讨论的那样,我们认为这一重大利好不寻常的项目使广东德联集团的收益无法衡量其潜在盈利能力。出于这个原因,我们认为广东德联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。有鉴于此,如果你想对公司进行更多分析,了解所涉及的风险至关重要。当我们进行研究时,我们发现了广东德联集团的3个警告标志(2个不容忽视!)我们认为值得你全神贯注。
Today we've zoomed in on a single data point to better understand the nature of Guangdong Delian Group's profit. But there are plenty of other ways to inform your opinion of a company. 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,以更好地了解广东德联集团利润的性质。但是,还有很多其他方法可以让你对公司的看法。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。