Investors Shouldn't Be Too Comfortable With Jiangsu Riying ElectronicsLtd's (SHSE:603286) Earnings
Investors Shouldn't Be Too Comfortable With Jiangsu Riying ElectronicsLtd's (SHSE:603286) Earnings
Investors were disappointed with Jiangsu Riying Electronics Co.,Ltd.'s (SHSE:603286) earnings, despite the strong profit numbers. Our analysis uncovered some concerning factors that we believe the market might be paying attention to.
尽管江苏日盈电子有限公司(SHSE:603286)的利润数字强劲,但投资者对其盈利感到失望。我们的分析发现了一些令人担忧的因素,我们认为市场可能会关注。
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 Jiangsu Riying ElectronicsLtd's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from CN¥4.2m worth of 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'. If Jiangsu Riying ElectronicsLtd doesn't see that contribution repeat, then all else being equal we'd expect its profit to drop over the current year.
对于任何想要了解江苏日盈电子有限公司超出法定数字的利润的人来说,重要的是要注意,在过去的十二个月中,法定利润中获得了420万人民币的飞凡项目。我们无法否认更高的利润通常让我们感到乐观,但我们希望利润是可持续的。我们对全球大多数上市公司进行了数据分析,很常见的情况是飞凡项目通常是一次性的。正如您所期望的那样,这些提升被描述为‘飞凡’。如果江苏日盈电子有限公司未能再次看到这种贡献,那么其他条件相同的情况下,我们预计其今年的利润将下降。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Jiangsu Riying ElectronicsLtd.
注:我们始终建议投资者检查资产负债表强度。 点击此处查看我们对江苏日盈电子有限公司的资产负债表分析。
Our Take On Jiangsu Riying ElectronicsLtd's Profit Performance
我们对江苏日盈电子有限公司的利润表现的看法
Arguably, Jiangsu Riying ElectronicsLtd's statutory earnings have been distorted by unusual items boosting profit. Because of this, we think that it may be that Jiangsu Riying ElectronicsLtd's statutory profits are better than its underlying earnings power. On the bright side, the company showed enough improvement to book a profit this year, after losing money last year. 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. So while earnings quality is important, it's equally important to consider the risks facing Jiangsu Riying ElectronicsLtd at this point in time. For example, Jiangsu Riying ElectronicsLtd has 3 warning signs (and 1 which is significant) we think you should know about.
可以说,江苏日盈电子有限公司的法定收益受到了飞凡项目的扭曲,提振了利润。因此,我们认为江苏日盈电子有限公司的法定利润可能会比其潜在收益能力更好。从积极的一面来看,该公司今年实现了足够的改善,从去年亏损转为盈利。本文的目标是评估我们是否可以依赖法定收益来反映公司的潜力,但还有很多其他方面需要考虑。因此,尽管盈利质量很重要,但同样重要的是考虑当前时点江苏日盈电子有限公司面临的风险。例如,我们认为江苏日盈电子有限公司有3个警示信号(其中1个非常重要),我们认为您应该知道。
Today we've zoomed in on a single data point to better understand the nature of Jiangsu Riying ElectronicsLtd's 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,我们将重点放在一个单一数据点上,以更好地了解江苏日盈电子有限公司利润的性质。但如果您能够集中精力关注细枝末节,总会发现更多。例如,许多人认为高净资产回报率是有利的商业经济的指示,而其他人则喜欢“跟随资金”并寻找内部人员正在买入的股票。尽管这可能需要您进行一些调查,但您可能会发现这些公司中拥有高净资产回报率的免费集合,或者这些持有重大内部股份的股票清单是有用的。
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.
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。
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。