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We Think Chengzhi's (SZSE:000990) Solid Earnings Are Understated

We Think Chengzhi's (SZSE:000990) Solid Earnings Are Understated

我们认为诚志(SZSE:000990)的稳固收益被低估了
Simply Wall St ·  2024/10/31 22:14

Chengzhi Co., Ltd.'s (SZSE:000990) solid earnings announcement recently didn't do much to the stock price. We did some digging, and we think that investors are missing some encouraging factors in the underlying numbers.

诚志有限公司(SZSE:000990)最近发布的稳健盈利公告对股票价格没有太大影响。我们做了一些调查,认为投资者忽略了基础数据中的一些积极因素。

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SZSE:000990 Earnings and Revenue History October 31st 2024
SZSE:000990 每股收益和营业收入历史 2024年10月31日

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 Chengzhi's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit was reduced by CN¥151m due to unusual items. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. 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 Chengzhi to produce a higher profit next year, all else being equal.

对于任何想了解诚志法定数字之外的利润的人来说,重要的是要注意在过去十二个月中,法定利润因飞凡项目减少了15100万人民币。看到飞凡项目削减公司的利润并不好,但从好的方面看,情况可能会比预期的更快改善。我们查看了成千上万家上市公司,发现飞凡项目通常是一次性的。毕竟,这正是会计术语的含义。假设这些飞凡支出不会再次出现,因此我们预计,诚志在明年将实现更高的利润,其他条件不变。

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 Chengzhi's Profit Performance

我们对诚志利润表现的看法

Unusual items (expenses) detracted from Chengzhi's earnings over the last year, but we might see an improvement next year. Based on this observation, we consider it likely that Chengzhi's statutory profit actually understates its earnings potential! And the EPS is up 77% over the last twelve months. 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. 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. At Simply Wall St, we found 2 warning signs for Chengzhi and we think they deserve your attention.

飞凡项(费用)削弱了诚志过去一年的盈利,但我们可能会在明年看到改善。基于这一观察,我们认为诚志的法定利润实际上低估了其盈利潜力!而且每股收益在过去十二个月中上升了77%。最终,如果想要正确理解公司,非常重要的是考虑的不仅仅是上述因素。鉴于此,如果您想对该公司进行更多分析,了解相关风险是至关重要的。我们在Simply Wall St发现了2个警告信号,诚志值得你关注。

This note has only looked at a single factor that sheds light on the nature of Chengzhi'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.

这份报告仅分析了一个能揭示诚志利润性质的因素。但还有很多其他方式来帮助您评估一家公司。一些人认为高股本回报率是优质业务的好兆头。虽然这可能需要您进行一些调研,但您可能会发现这个免费的高股本回报率公司集合,或者这个持有显著内部股份的股票列表对您有用。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.

对这篇文章有反馈吗?对内容感到担忧吗?请直接与我们联系。或者,发送电子邮件至editorial-team @ simplywallst.com。
Simply Wall St的这篇文章是一般性质的。我们仅基于历史数据和分析师预测提供评论,使用公正的方法,我们的文章并非意在提供财务建议。这并不构成买入或卖出任何股票的建议,并且不考虑您的目标或财务状况。我们旨在为您带来基于基础数据驱动的长期聚焦分析。请注意,我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St对提及的任何股票都没有持仓。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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