We Think That There Are Issues Underlying Suzhou Mingzhi Technology's (SHSE:688355) Earnings
We Think That There Are Issues Underlying Suzhou Mingzhi Technology's (SHSE:688355) Earnings
Last week's profit announcement from Suzhou Mingzhi Technology Co., Ltd. (SHSE:688355) was underwhelming for investors, despite headline numbers being robust. Our analysis uncovered some concerning factors that we believe the market might be paying attention to.
尽管标题数据强劲,但苏州明智科技股份有限公司(SHSE: 688355)上周的盈利公告令投资者望而却步。我们的分析发现了一些我们认为市场可能会关注的令人担忧的因素。
The Impact Of Unusual Items On Profit
不寻常物品对利润的影响
To properly understand Suzhou Mingzhi Technology's profit results, we need to consider the CN¥24m gain attributed to unusual items. While we like to see profit increases, we tend to be a little more cautious when unusual items have made a big contribution. 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. Suzhou Mingzhi Technology had a rather significant contribution from unusual items relative to its profit to September 2024. As a result, we can surmise that the unusual items are making its statutory profit significantly stronger than it would otherwise be.
为了正确理解苏州明智科技的盈利业绩,我们需要考虑归因于不寻常项目的2400万元人民币的收益。虽然我们希望看到利润增加,但当不寻常的物品做出重大贡献时,我们往往会更加谨慎一些。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。相对于其截至2024年9月的利润,苏州明智科技的不寻常项目做出了相当大的贡献。因此,我们可以推测,这些不寻常的物品使其法定利润明显高于原来的水平。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Suzhou Mingzhi Technology.
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苏州明智科技的资产负债表分析。
Our Take On Suzhou Mingzhi Technology's Profit Performance
我们对苏州明智科技盈利表现的看法
As we discussed above, we think the significant positive unusual item makes Suzhou Mingzhi Technology's earnings a poor guide to its underlying profitability. As a result, we think it may well be the case that Suzhou Mingzhi Technology's underlying earnings power is lower than its statutory profit. The silver lining is that its EPS growth over the last year has been really wonderful, even if it's not a perfect measure. 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 Suzhou Mingzhi Technology at this point in time. For instance, we've identified 2 warning signs for Suzhou Mingzhi Technology (1 is a bit concerning) you should be familiar with.
正如我们上面讨论的那样,我们认为这一重大利好不寻常的项目使苏州明智科技的收益无法衡量其潜在盈利能力。因此,我们认为苏州明智科技的基础盈利能力很可能低于其法定利润。一线希望是,尽管这不是一个完美的衡量标准,但其去年的每股收益增长确实非常出色。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。因此,尽管收益质量很重要,但考虑苏州明智科技目前面临的风险同样重要。例如,我们已经确定了你应该熟悉的苏州明智科技的两个警告标志(其中一个有点令人担忧)。
This note has only looked at a single factor that sheds light on the nature of Suzhou Mingzhi Technology'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. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership.
这份报告只研究了揭示苏州明智科技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。因此,你可能希望看到这份拥有高股本回报率的公司的免费集合,或者这份内部所有权高的股票清单。
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?担心内容吗?直接联系我们。或者,发送电子邮件给编辑组(网址为)simplywallst.com。
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提供基于历史数据和分析师预测的评论,我们的文章并非旨在提供财务建议。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,我们的分析可能不会考虑最新的价格敏感型公司公告或定性材料。华尔街只是没有持有上述任何股票的头寸。