Solid Earnings Reflect China Tianbao Group Development's (HKG:1427) Strength As A Business
Solid Earnings Reflect China Tianbao Group Development's (HKG:1427) Strength As A Business
Even though China Tianbao Group Development Company Limited (HKG:1427 ) posted strong earnings, investors appeared to be underwhelmed. We did some digging and actually think they are being unnecessarily pessimistic.
尽管中国天宝集团发展有限公司(HKG: 1427)公布了强劲的收益,但投资者似乎不知所措。我们进行了一些挖掘,实际上认为他们过于悲观。
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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 China Tianbao Group Development's profit results, we need to consider the CN¥20m expense attributed to unusual items. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And that's hardly a surprise given these line items are considered unusual. If China Tianbao Group Development doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year.
为了正确了解中国天保集团开发的利润业绩,我们需要考虑归因于不寻常项目的2000万元支出。尽管由于不寻常项目而产生的扣除首先令人失望,但有一线希望。我们调查了数千家上市公司,发现不寻常的物品本质上往往是一次性的。鉴于这些单列项目被认为不寻常,这并不奇怪。如果中国天宝集团发展没有看到这些不寻常的支出重演,那么在其他条件相同的情况下,我们预计其利润将在来年增加。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of China Tianbao Group Development.
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中国天保集团发展的资产负债表分析。
Our Take On China Tianbao Group Development's Profit Performance
我们对中国天宝集团发展盈利表现的看法
Unusual items (expenses) detracted from China Tianbao Group Development's earnings over the last year, but we might see an improvement next year. Based on this observation, we consider it likely that China Tianbao Group Development's statutory profit actually understates its earnings potential! And it's also positive that the company showed enough improvement to book a profit this year, after losing money 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. 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. Case in point: We've spotted 4 warning signs for China Tianbao Group Development you should be mindful of and 2 of them can't be ignored.
不寻常的项目(支出)减少了中国天保集团发展去年的收益,但明年我们可能会看到改善。基于这一观察,我们认为中国天保集团发展的法定利润实际上可能低估了其盈利潜力!同样乐观的是,该公司在去年亏损之后,表现出了足够的改善,今年实现了盈利。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。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。一个很好的例子:我们已经发现了中国天保集团发展的4个警告信号,你应该注意其中两个不容忽视。
Today we've zoomed in on a single data point to better understand the nature of China Tianbao Group Development's profit. But there are plenty of other ways to inform your opinion of a company. 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,我们放大了单一数据点,以更好地了解中国天保集团发展利润的性质。但是,还有很多其他方法可以让你对公司的看法。有些人认为高股本回报率是优质业务的好兆头。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。