Earnings Troubles May Signal Larger Issues for Apple Flavor & Fragrance GroupLtd (SHSE:603020) Shareholders
Earnings Troubles May Signal Larger Issues for Apple Flavor & Fragrance GroupLtd (SHSE:603020) Shareholders
Investors were disappointed by Apple Flavor & Fragrance Group Co.,Ltd.'s (SHSE:603020 ) latest earnings release. Our analysis has found some reasons to be concerned, beyond the weak headline numbers.
投资者对苹果香精集团公司感到失望。, Ltd. 's (SHSE: 603020) 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?
Importantly, our data indicates that Apple Flavor & Fragrance GroupLtd's profit received a boost of CN¥28m in unusual items, over the last year. While we like to see profit increases, we tend to be a little more cautious when unusual items have made a big contribution. 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. Apple Flavor & Fragrance GroupLtd had a rather significant contribution from unusual items relative to its profit to December 2023. As a result, we can surmise that the unusual items are making its statutory profit significantly stronger than it would otherwise be.
重要的是,我们的数据表明,苹果香精集团有限公司在不寻常物品方面的利润比去年增加了2800万元人民币。虽然我们希望看到利润增加,但当不寻常的物品做出重大贡献时,我们往往会更加谨慎一些。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。苹果香精集团有限公司与其截至2023年12月的利润相比,不寻常的物品做出了相当大的贡献。因此,我们可以推测,这些不寻常的物品使其法定利润明显高于原来的水平。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Apple Flavor & Fragrance GroupLtd.
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苹果香精集团有限公司的资产负债表分析。
Our Take On Apple Flavor & Fragrance GroupLtd's Profit Performance
我们对苹果香精香料集团有限公司利润表现的看法
As we discussed above, we think the significant positive unusual item makes Apple Flavor & Fragrance GroupLtd's earnings a poor guide to its underlying profitability. For this reason, we think that Apple Flavor & Fragrance GroupLtd'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. 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. If you'd like to know more about Apple Flavor & Fragrance GroupLtd as a business, it's important to be aware of any risks it's facing. For example, we've found that Apple Flavor & Fragrance GroupLtd has 3 warning signs (1 is potentially serious!) that deserve your attention before going any further with your analysis.
正如我们上面讨论的那样,我们认为这一不寻常的重大利好项目使Apple Flavor & Fragrance GroupLtd的收益无法衡量其潜在盈利能力。出于这个原因,我们认为Apple Flavor & Fragrance GroupLtd的法定利润可能不利于其潜在盈利能力,并可能使投资者对该公司产生过于积极的印象。另一个坏消息是,其每股收益在去年有所下降。归根结底,如果你想正确地了解公司,必须考虑的不仅仅是上述因素。如果你想进一步了解苹果香精集团有限公司作为一家企业,请务必注意其面临的任何风险。例如,我们发现 Apple Flavor & Fragrance GroupLtd 有 3 个警告信号(1 个可能很严重!)在进行进一步分析之前,这值得你注意。
This note has only looked at a single factor that sheds light on the nature of Apple Flavor & Fragrance GroupLtd'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.
这份报告只研究了揭示苹果香精集团利润性质的单一因素。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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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。