Why Shanghai Shine-Link International Logistics' (SHSE:603648) Shaky Earnings Are Just The Beginning Of Its Problems
Why Shanghai Shine-Link International Logistics' (SHSE:603648) Shaky Earnings Are Just The Beginning Of Its Problems
The subdued market reaction suggests that Shanghai Shine-Link International Logistics Co., Ltd.'s (SHSE:603648) recent earnings didn't contain any surprises. However, we believe that investors should be aware of some underlying factors which may be of concern.
疲软的市场反应表明,上海信联国际物流有限公司's(上海证券交易所代码:603648)最近的收益没有任何意外。但是,我们认为,投资者应注意一些可能令人担忧的潜在因素。
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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 Shanghai Shine-Link International Logistics' profit results, we need to consider the CN¥17m 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. 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 that's as you'd expect, given these boosts are described as 'unusual'. Assuming those unusual items don't show up again in the current year, we'd thus expect profit to be weaker next year (in the absence of business growth, that is).
为了正确了解上海顺联国际物流的利润业绩,我们需要考虑不寻常物品带来的1700万元人民币的收益。我们不能否认更高的利润通常会让我们感到乐观,但如果利润是可持续的,我们更愿意这样做。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。这正如你所预料的那样,因为这些增强被描述为 “不寻常”。假设这些不寻常的项目在本年度不会再次出现,因此我们预计明年的利润将疲软(也就是说,在业务没有增长的情况下)。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Shanghai Shine-Link International Logistics.
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上海申联国际物流的资产负债表分析。
Our Take On Shanghai Shine-Link International Logistics' Profit Performance
我们对上海顺联国际物流盈利表现的看法
Arguably, Shanghai Shine-Link International Logistics' statutory earnings have been distorted by unusual items boosting profit. Because of this, we think that it may be that Shanghai Shine-Link International Logistics' statutory profits are better than its underlying earnings power. Nonetheless, it's still worth noting that its earnings per share have grown at 21% over the last three years. 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. If you'd like to know more about Shanghai Shine-Link International Logistics as a business, it's important to be aware of any risks it's facing. For example, we've discovered 1 warning sign that you should run your eye over to get a better picture of Shanghai Shine-Link International Logistics.
可以说,上海信联国际物流的法定收益被提高利润的不寻常项目所扭曲。因此,我们认为上海信联国际物流的法定利润可能好于其基础盈利能力。尽管如此,仍然值得注意的是,其每股收益在过去三年中增长了21%。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。如果您想进一步了解上海信联国际物流作为一家企业,请务必了解其面临的任何风险。例如,我们发现了一个警告标志,你应该仔细检查一下,以便更好地了解上海申联国际物流。
Today we've zoomed in on a single data point to better understand the nature of Shanghai Shine-Link International Logistics' profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. 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,我们放大了单一数据点,以更好地了解上海顺联国际物流利润的性质。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。例如,许多人认为高股本回报率是有利的商业经济的标志,而另一些人则喜欢 “关注资金”,寻找内部人士正在买入的股票。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,或者这份拥有大量内幕持股的股票清单很有用。
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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。