Weak Statutory Earnings May Not Tell The Whole Story For Keysino Separation Technology (SZSE:300899)
Weak Statutory Earnings May Not Tell The Whole Story For Keysino Separation Technology (SZSE:300899)
As previously mentioned, Keysino Separation Technology's large boost from unusual items won't be there indefinitely, so its statutory earnings are probably a poor guide to its underlying profitability. For this reason, we think that Keysino Separation Technology'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. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. Our analysis shows A lackluster earnings announcement from Keysino Separation Technology Inc. (SZSE:300899) last week didn't sink the stock price. Our analysis suggests that along with soft profit numbers, investors should be aware of some other underlying weaknesses in the numbers.
来自Keysino Separation Technology Inc.（SZSE:300899）上周的平庸业绩公告并未使股价下跌。我们的分析表明，除了疲软的利润数字外，投资者还应注意一些其他潜在的数字弱点。
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 Keysino Separation Technology's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from CN¥1.2m 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. Which is hardly surprising, given the name. We can see that Keysino Separation Technology's positive unusual items were quite significant relative to its profit in the year to June 2024. As a result, we can surmise that the unusual items are making its statutory profit significantly stronger than it would otherwise be.
对于任何想要了解Keysino Separation Technology利润超出法定数字的人来说，值得注意的是，在过去12个月中，法定利润从价值120万人民币的不寻常项目中获得。虽然我们希望看到利润增加，但当不寻常项目对利润做出重大贡献时，我们往往会更加谨慎。我们对全球大多数上市公司进行过数据分析，发现不寻常项目经常是一次性的。这并不奇怪，考虑到它的名字。我们可以看到，Keysino Separation Technology的正向不寻常项目相对于其2024年6月度利润来说非常重要。因此，我们可以推断出，这些不寻常项目使其法定利润比原本要强得多。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Keysino Separation Technology.
注意：我们始终建议投资者检查资产负债表的强度。请点击此处查看我们对Keysino Separation Technology资产负债表分析的内容。
Our Take On Keysino Separation Technology's Profit Performance
对Keysino Separation Technology的利润表现的看法
As previously mentioned, Keysino Separation Technology's large boost from unusual items won't be there indefinitely, so its statutory earnings are probably a poor guide to its underlying profitability. For this reason, we think that Keysino Separation Technology'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. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. Our analysis shows 3 warning signs for Keysino Separation Technology (2 are significant!) and we strongly recommend you look at these bad boys before investing.
正如先前提到的，飞凡分离科技由飞凡物品带来的大幅提升不会永久存在，因此其法定收益可能不是其潜在盈利能力的良好指标。因此，我们认为飞凡分离科技的法定利润可能不是其潜在收益能力的良好指导，并且可能会让投资者对公司产生过于积极的印象。更令人不悦的是，其每股收益在过去一年中有所下降。最终，如果您想正确了解公司，必须考虑不仅仅是以上因素。考虑到这一点，除非我们对风险有透彻的了解，否则我们不会考虑投资股票。我们的分析显示了Keysino分离技术的3个警示信号（其中2个相当重要！），我们强烈建议您在投资之前查看这些坏消息。
This note has only looked at a single factor that sheds light on the nature of Keysino Separation 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. 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.
这篇注释仅仅讨论了一个可以揭示飞凡分离技术利润性质的因素。但如果您能够专注于细枝末节，总会有更多发现。有些人认为股权回报率高是一家优质企业的良好迹象。虽然这可能需要您进行一些研究，但您可能会发现这些拥有高股权回报率公司的免费集合，或者这些持有大量内幕持股的股票列表会有所帮助。
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