Changzhou Aohong Electronics' (SHSE:605058) Solid Earnings May Rest On Weak Foundations
Changzhou Aohong Electronics' (SHSE:605058) Solid Earnings May Rest On Weak Foundations
Changzhou Aohong Electronics Co., Ltd.'s (SHSE:605058) robust recent earnings didn't do much to move the stock. However the statutory profit number doesn't tell the whole story, and we have found some factors which might be of concern to shareholders.
澳弘电子股份有限公司(SHSE:605058)近期强劲的收益对该股票的走势没有多大影响。然而,其他因素可能会引起股东的担忧,在法定利润数值之外我们发现了一些问题。
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The Impact Of Unusual Items On Profit
除了稀释之外,还应该注意的是,万集科技在过去12个月中因不寻常项目获得了价值人民币3.5万元的利润。虽然我们希望看到利润增加,但当这些不寻常项目对利润做出重大贡献时,我们会更加谨慎。我们对全球大部分上市公司的数据进行了分析,发现不寻常项目往往是一次性的。这正如我们所期望的那样,因为这些提升被描述为"不寻常"。相对于其利润而言,万集科技在2021年12月前的不寻常项目贡献大。因此,我们可以推断出,这些不寻常项目正在使其财务利润显著增强。
For anyone who wants to understand Changzhou Aohong Electronics' profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from CN¥22m worth of unusual items. 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. If Changzhou Aohong Electronics doesn't see that contribution repeat, then all else being equal we'd expect its profit to drop over the current year.
对于那些希望了解澳弘电子业绩超乎法定数字范围的人来说,重要的是要注意,在过去的十二个月里,澳弘电子法定利润获得了价值2200万人民币的不寻常项目的增益。虽然我们喜欢看到利润增长,但当不寻常项目产生巨大贡献时,我们往往会更加谨慎。我们对全球大多数上市公司进行了统计,发现不寻常项目往往是一次性的。毕竟,这正是会计术语的含义。如果澳弘电子不再看到这样的贡献重复,其他条件不变,我们预计其利润将在今年下降。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Changzhou Aohong Electronics.
注:我们始终建议投资者检查资产负债表的强度。点击此处查看我们对澳弘电子的资产负债表分析。
Our Take On Changzhou Aohong Electronics' Profit Performance
我们对澳弘电子的利润表现的看法
Arguably, Changzhou Aohong Electronics' statutory earnings have been distorted by unusual items boosting profit. Therefore, it seems possible to us that Changzhou Aohong Electronics' true underlying earnings power is actually less than its statutory profit. The good news is that, its earnings per share increased by 5.4% 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. So while earnings quality is important, it's equally important to consider the risks facing Changzhou Aohong Electronics at this point in time. Every company has risks, and we've spotted 1 warning sign for Changzhou Aohong Electronics you should know about.
可以说,澳弘电子的法定盈利已经被异常项目歪曲,提高了利润。因此,澳弘电子真正的基本盈利能力可能比法定利润还要低。好消息是,其每股收益在去年增长了5.4%。归根结底,如果您要正确了解公司,不仅需要考虑以上因素,还需要考虑澳弘电子当前面临的风险。每个公司都有风险,我们发现澳弘电子有1个警告信号您应该知道。
Today we've zoomed in on a single data point to better understand the nature of Changzhou Aohong Electronics' 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 with significant insider holdings to be useful.
今天,我们聚焦于一个数据点,以更好地了解澳弘电子的利润性质。但是,有很多其他方法可以用来评估一家公司。有些人认为高净资产收益率是质量良好的企业的一个好迹象。尽管可能需要一些调研,但您可能会发现这个免费的高净资产收益率企业收藏集,或者这份持有重要内部股份的股票清单对您有用。
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