The subdued market reaction suggests that Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited's (HKG:1938) recent earnings didn't contain any surprises. We think that investors are worried about some weaknesses underlying the earnings.
View our latest analysis for Chu Kong Petroleum and Natural Gas Steel Pipe Holdings
SEHK:1938 Earnings and Revenue History September 20th 2022
The Impact Of Unusual Items On Profit
To properly understand Chu Kong Petroleum and Natural Gas Steel Pipe Holdings' profit results, we need to consider the CN¥353m 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. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's as you'd expect, given these boosts are described as 'unusual'. Chu Kong Petroleum and Natural Gas Steel Pipe Holdings had a rather significant contribution from unusual items relative to its profit to June 2022. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power.
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings.
Our Take On Chu Kong Petroleum and Natural Gas Steel Pipe Holdings' Profit Performance
As previously mentioned, Chu Kong Petroleum and Natural Gas Steel Pipe Holdings' 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 Chu Kong Petroleum and Natural Gas Steel Pipe Holdings' underlying earnings power is lower than its statutory profit. Sadly, its EPS was down over the last twelve months. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. 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 4 warning signs for Chu Kong Petroleum and Natural Gas Steel Pipe Holdings you should be mindful of and 1 of these bad boys doesn't sit too well with us.
Today we've zoomed in on a single data point to better understand the nature of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings' 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 that insiders are buying to be useful.
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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.
低迷的市場反應表明珠江石油天然氣鋼管控股有限公司(HKG:1938)最近的收益不包含任何意外。我們認為,投資者擔心的是盈利背後的一些弱點。
查看我們對楚空石油天然氣鋼管控股公司的最新分析
聯交所:1938年盈利及收入歷史2022年9月20日
異常項目對利潤的影響
要正確理解楚空石油天然氣鋼管控股公司的盈利業績,我們需要考慮歸因於異常項目的3.53億加元收益。雖然我們喜歡看到利潤增加,但當不尋常的項目做出了很大貢獻時,我們往往會更加謹慎。當我們分析全球絕大多數上市公司時,我們發現重大的不尋常項目往往不會重複。考慮到這些提振被描述為“不尋常的”,這正如你所預期的那樣。楚港石油天然氣鋼管控股有限公司在截至2022年6月的利潤中,從異常項目中做出了相當大的貢獻。在其他條件不變的情況下,這可能會使法定利潤成為衡量潛在盈利能力的糟糕指標。
注:我們總是建議投資者檢查資產負債表的實力。點擊此處查看我們對楚港石油天然氣鋼管控股公司的資產負債表分析。
我們對楚空石油天然氣鋼管控股公司盈利表現的看法
如前所述,珠江石油天然氣鋼管控股有限公司從特殊項目獲得的大幅提振不會無限期存在,因此其法定收益可能不能很好地反映其潛在盈利能力。因此,我們認為情況很可能是,珠江石油天然氣鋼管控股公司的基本盈利能力低於其法定利潤。遺憾的是,在過去的12個月裏,它的每股收益一直在下降。當然,當談到分析其收益時,我們只是觸及了皮毛;人們還可以考慮利潤率、預測增長和投資回報等因素。有鑑於此,如果你想對公司做更多的分析,瞭解其中的風險是至關重要的。一個恰當的例子:我們發現了4珠江石油天然氣鋼管控股公司的警告標誌你應該注意,這些壞孩子中有一個和我們坐在一起不太好。
今天,我們放大了一個數據點,以更好地瞭解楚港石油天然氣鋼管控股公司利潤的性質。但還有很多其他方式可以讓你瞭解一家公司的看法。一些人認為,高股本回報率是高質量企業的良好標誌。雖然這可能需要為您做一些研究,但您可能會發現免費擁有高股本回報率的公司的集合,或者是內部人士購買的有用的股票清單。
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本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。