Unigroup Guoxin Microelectronics' (SZSE:002049) Weak Earnings May Only Reveal A Part Of The Whole Picture
Unigroup Guoxin Microelectronics' (SZSE:002049) Weak Earnings May Only Reveal A Part Of The Whole Picture
The subdued market reaction suggests that Unigroup Guoxin Microelectronics Co., Ltd.'s (SZSE:002049) recent earnings didn't contain any surprises. We think that investors are worried about some weaknesses underlying the earnings.
市场的冷静反应表明紫光国微(SZSE:002049)最近的盈利并没有包含任何意外。我们认为投资者对盈利背后的一些弱点感到担忧。
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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。
To properly understand Unigroup Guoxin Microelectronics' profit results, we need to consider the CN¥127m gain attributed to unusual items. We can't deny that higher profits generally leave us optimistic, but we'd prefer it if the profit were to be sustainable. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. Which is hardly surprising, given the name. If Unigroup Guoxin Microelectronics doesn't see that contribution repeat, then all else being equal we'd expect its profit to drop over the current year.
要正确理解紫光国微的利润结果,我们需要考虑到1.27亿人民币的飞凡项目的收益。我们不能否认更高的利润通常使我们保持乐观,但如果利润能持续下去,我们会更喜欢。当我们分析全球大多数上市公司时发现,重要的飞凡项目往往不会重复。这并不奇怪,考虑到它的名称。如果紫光国微没有看到这种贡献的重复,那在其他一切相同的情况下,我们预计它的利润将在今年下降。
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.
这可能会让您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基于其估计的未来盈利能力的互动图表。
Our Take On Unigroup Guoxin Microelectronics' Profit Performance
我们对紫光国微的利润表现的看法
Arguably, Unigroup Guoxin Microelectronics' statutory earnings have been distorted by unusual items boosting profit. Because of this, we think that it may be that Unigroup Guoxin Microelectronics' statutory profits are better than its underlying earnings power. Nonetheless, it's still worth noting that its earnings per share have grown at 48% over the last three years. 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 want to do dive deeper into Unigroup Guoxin Microelectronics, you'd also look into what risks it is currently facing. Every company has risks, and we've spotted 1 warning sign for Unigroup Guoxin Microelectronics you should know about.
可以说,紫光国微的法定收入受到了不寻常的项目的影响,从而提高了利润。因此,我们认为,紫光国微的法定利润可能比其基本盈利能力更好。尽管如此,值得注意的是,其每股收益在过去三年内增长了48%。最重要的是,如果您想正确了解公司,必须考虑不仅仅是以上因素。如果您想深入了解紫光国微电子,您还需要了解它目前面临的风险。每个公司都有风险,我们发现紫光国微电子有1个警示信号,您应该知道。
Today we've zoomed in on a single data point to better understand the nature of Unigroup Guoxin Microelectronics' 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. 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,我们聚焦了一项数据,以更好地了解紫光国微电子利润的性质。但如果您能专注于细枝末节,总能发现更多。有些人认为高净资产回报率是一个优质企业的良好迹象。虽然这可能需要您进行一些研究,但您可能会发现这个免费的公司收藏,其中包含高净资产回报率的公司,或者这个股权内部持有较多的股票清单会很有用。
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