Why Kehua Data's (SZSE:002335) Earnings Are Better Than They Seem
Why Kehua Data's (SZSE:002335) Earnings Are Better Than They Seem
Shareholders appeared to be happy with Kehua Data Co., Ltd.'s (SZSE:002335) solid earnings report last week. Looking deeper at the numbers, we found several encouraging factors beyond the headline profit numbers.
上周科华数据有限公司(深交所:002335)的可观收益报告让股东们感到满意。 通过深入研究数据,我们发现了几个令人鼓舞的因素,超越了盈利数字的头条消息。
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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 Kehua Data's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit was reduced by CN¥106m due to unusual items. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And, after all, that's exactly what the accounting terminology implies. Assuming those unusual expenses don't come up again, we'd therefore expect Kehua Data to produce a higher profit next year, all else being equal.
对于想要了解科华数据的利润超出法定数字的人来说,重要的是要注意,在过去的十二个月中,由于不寻常项目,法定利润减少了10600万人民币。 尽管由于不寻常项目的扣除在首次确实令人失望,但其中有一线希望。 我们研究了数千家上市公司,发现不寻常项目往往是一次性的。 毕竟,这正是会计术语所暗示的。 假设这些不寻常费用不会再次出现,其他条件不变,我们预计科华数据明年的利润将会更高。
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 Kehua Data's Profit Performance
我们对科华数据的利润表现的看法
Because unusual items detracted from Kehua Data's earnings over the last year, you could argue that we can expect an improved result in the current quarter. Based on this observation, we consider it likely that Kehua Data's statutory profit actually understates its earnings potential! 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. While it's really important to consider how well a company's statutory earnings represent its true earnings power, it's also worth taking a look at what analysts are forecasting for the future. At Simply Wall St, we have analyst estimates which you can view by clicking here.
由于非常项目在过去一年对科华数据的收益产生了负面影响,我们可以预计本季度的业绩将有所改善。基于这一观察,我们认为科华数据的法定利润实际上低估了其盈利潜力!总的来说,如果你想透彻了解公司,就要考虑不止上面提到的因素。虽然考虑公司法定收益如何代表其真正盈利能力非常重要,但也值得看一下分析师对未来的预测。在Simply Wall St,我们有分析师的预估数据,您可以点击这里查看。
This note has only looked at a single factor that sheds light on the nature of Kehua Data'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.
本文只考虑了一个揭示科华数据利润性质的因素。但是,如果您能专注于细微之处,还有更多可以发现的。有些人认为股东权益回报率高是一个优质企业的好迹象。虽然这可能需要您进行一些研究,但您可能会发现以下这些拥有高股东权益回报率的公司的自由收藏,或者这个拥有重要内部持股的股票清单会对您有所帮助。
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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。