Qi An Xin Technology Group's (SHSE:688561) Solid Earnings May Rest On Weak Foundations
Qi An Xin Technology Group's (SHSE:688561) Solid Earnings May Rest On Weak Foundations
The recent earnings posted by Qi An Xin Technology Group Inc. (SHSE:688561) were solid, but the stock didn't move as much as we expected. We think this is due to investors looking beyond the statutory profits and being concerned with what they see.
齐安信科技集团股份有限公司(SHSE:688561)最近公布的收益稳健,但股票的波动没有我们预期的那么大。我们认为这是因为投资者超越了法定利润,对他们所看到的内容感到担忧。
How Do Unusual Items Influence Profit?
非常规项目如何影响利润?
For anyone who wants to understand Qi An Xin Technology Group's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from CN¥186m 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. When we crunched the numbers on thousands of publicly listed companies, we found that a boost from unusual items in a given year is often not repeated the next year. And that's as you'd expect, given these boosts are described as 'unusual'. We can see that Qi An Xin Technology Group's positive unusual items were quite significant relative to its profit in the year to September 2024. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power.
想要了解齐安信科技集团超越法定数字的利润的人,有必要注意,在过去12个月中,法定利润中获得了约18600万元人民币的飞凡项目。我们不能否认,更高的利润通常让我们感到乐观,但我们更希望利润能够持续。当我们分析了成千上万家上市公司的数据时,我们发现,给定年度的飞凡项目提振通常不会在下一年重复出现。这符合预期,因为这些提振被描述为“飞凡”。我们可以看到,与2024年9月份的利润相比,齐安信科技集团的正面飞凡项目相对于其利润来说相当显著。其他条件相同的情况下,这可能会导致法定利润成为核心盈利能力的不良指导。
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 Qi An Xin Technology Group's Profit Performance
我们对齐安信科技集团的利润表现看法
As previously mentioned, Qi An Xin Technology Group's large boost from unusual items won't be there indefinitely, so its statutory earnings are probably a poor guide to its underlying profitability. As a result, we think it may well be the case that Qi An Xin Technology Group's underlying earnings power is lower than its statutory profit. The good news is that it earned a profit in the last twelve months, despite its previous loss. 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. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. For example, we've discovered 2 warning signs that you should run your eye over to get a better picture of Qi An Xin Technology Group.
如前所述,奇安信科技集团受飞凡项目的大幅提振不会无限期存在,因此其法定收益可能并不是其潜在盈利能力的良好指引。因此,我们认为可能奇安信科技集团的潜在盈利能力低于其法定利润。令人振奋的是,尽管先前亏损,但在过去的十二个月中仍有盈利。最终,如果您想正确了解公司,就必须考虑不仅仅是上述因素。有鉴于此,如果我们不对风险有透彻的了解,就不会考虑投资股票。例如,我们发现了2个警示迹象,您应该仔细研究以更全面地了解奇安信科技集团。
Today we've zoomed in on a single data point to better understand the nature of Qi An Xin Technology Group'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,我们将焦点放在单一数据点上,以更好地了解奇安信科技集团的利润性质。但如果您能专注于细节,总会有更多发现。例如,许多人认为高净资产收益率是良好商业经济状况的指标,而其他人则喜欢‘跟随资金’,寻找内部人士正在购买的股票。尽管这可能需要您进行一些研究,但您可能会发现这个免费的公司收集高净资产收益率,或者这份拥有显著内部持股的股票清单会很有帮助。
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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。