Zhiyang Innovation Technology's (SHSE:688191) Earnings Are Of Questionable Quality
Zhiyang Innovation Technology's (SHSE:688191) Earnings Are Of Questionable Quality
Despite posting some strong earnings, the market for Zhiyang Innovation Technology Co., Ltd.'s (SHSE:688191) stock hasn't moved much. Our analysis suggests that this might be because shareholders have noticed some concerning underlying factors.
尽管公布了一些强劲的收益,但智阳创新科技有限公司的市场。”s(上海证券交易所代码:688191)的股票涨幅不大。我们的分析表明,这可能是因为股东已经注意到了一些相关的潜在因素。
How Do Unusual Items Influence Profit?
不寻常的物品如何影响利润?
Importantly, our data indicates that Zhiyang Innovation Technology's profit received a boost of CN¥8.8m 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. 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. Zhiyang Innovation Technology had a rather significant contribution from unusual items relative to its profit to June 2024. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power.
重要的是,我们的数据表明,智阳创新科技的不寻常项目利润比去年增加了880万元人民币。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。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。截至2024年6月,智阳创新科技从不寻常的项目中为其利润做出了相当大的贡献。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。
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 Zhiyang Innovation Technology's Profit Performance
我们对智阳创新科技盈利表现的看法
As we discussed above, we think the significant positive unusual item makes Zhiyang Innovation Technology's earnings a poor guide to its underlying profitability. As a result, we think it may well be the case that Zhiyang Innovation Technology's underlying earnings power is lower than its statutory profit. But at least holders can take some solace from the 28% EPS growth in the last year. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. You'd be interested to know, that we found 2 warning signs for Zhiyang Innovation Technology and you'll want to know about these.
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智阳创新科技的收益无法衡量其潜在盈利能力。因此,我们认为智阳创新科技的潜在盈利能力很可能低于其法定利润。但是,至少持有人可以从去年28%的每股收益增长中得到一些安慰。本文的目标是评估我们在多大程度上可以依靠法定收益来反映公司的潜力,但还有很多需要考虑的地方。因此,如果你想更深入地研究这只股票,那么考虑它所面临的任何风险至关重要。你可能会有兴趣知道,我们发现了智阳创新科技的两个警告标志,你会想知道这些的。
This note has only looked at a single factor that sheds light on the nature of Zhiyang Innovation Technology's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership.
这份报告只研究了揭示智阳创新科技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。有些人认为高股本回报率是优质业务的好兆头。因此,你可能希望看到这份拥有高股本回报率的公司的免费集合,或者这份内部所有权高的股票清单。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
对这篇文章有反馈吗?对内容感到担忧吗?请直接联系我们。或者,也可以发送电子邮件至编辑团队 (at) simplywallst.com。
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。