Why Guizhou Aviation Technical Development's (SHSE:688239) Shaky Earnings Are Just The Beginning Of Its Problems
Why Guizhou Aviation Technical Development's (SHSE:688239) Shaky Earnings Are Just The Beginning Of Its Problems
A lackluster earnings announcement from Guizhou Aviation Technical Development Co., Ltd (SHSE:688239) 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.
贵州航空技术开发有限公司(SHSE: 688239)上周公布的财报乏善可陈,但并未使股价下跌。我们的分析表明,除了疲软的利润数字外,投资者还应意识到这些数字中的其他一些潜在弱点。
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The Impact Of Unusual Items On Profit
不寻常物品对利润的影响
To properly understand Guizhou Aviation Technical Development's profit results, we need to consider the CN¥27m gain attributed to unusual items. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. 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. 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).
为了正确了解贵州航空技术开发的利润业绩,我们需要考虑归因于不寻常物品的2700万元人民币的收益。虽然获得更高的利润总是件好事,但来自不寻常物品的巨额捐款有时会抑制我们的热情。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。考虑到这个名字,这并不奇怪。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)。
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.
这可能会让你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根据他们的估计描绘未来盈利能力的交互式图表。
Our Take On Guizhou Aviation Technical Development's Profit Performance
我们对贵州航空技术开发公司盈利表现的看法
We'd posit that Guizhou Aviation Technical Development's statutory earnings aren't a clean read on ongoing productivity, due to the large unusual item. Because of this, we think that it may be that Guizhou Aviation Technical Development's 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. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. Case in point: We've spotted 2 warning signs for Guizhou Aviation Technical Development you should be aware of.
我们认为,贵州航空技术开发的法定收入并不能完全反映当前的生产率,这是因为这笔不寻常的大项目。正因为如此,我们认为贵州航空技术开发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。有鉴于此,如果你想对公司进行更多分析,了解所涉及的风险至关重要。一个很好的例子:我们已经发现了贵州航空技术开发的两个警告标志,你应该注意。
This note has only looked at a single factor that sheds light on the nature of Guizhou Aviation Technical Development's 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.
本报告仅研究了揭示贵州航空技术开发利润性质的单一因素。但是,还有很多其他方法可以让你对公司的看法。有些人认为高股本回报率是优质业务的好兆头。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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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。