Jiangsu Sainty (SHSE:600287) Strong Profits May Be Masking Some Underlying Issues
Jiangsu Sainty (SHSE:600287) Strong Profits May Be Masking Some Underlying Issues
Jiangsu Sainty Corp., Ltd.'s (SHSE:600287) healthy profit numbers didn't contain any surprises for investors. We believe that shareholders have noticed some concerning factors beyond the statutory profit numbers.
江蘇舜天股份有限公司's (SHSE: 600287) 健康的利潤數字並沒有給投資者帶來任何意外。我們認爲,除了法定利潤數字外,股東們已經注意到了一些令人擔憂的因素。
Check out our latest analysis for Jiangsu Sainty
查看我們對江蘇舜天的最新分析
![earnings-and-revenue-history](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231106/0-2786dbd39f208255ebe551f933b423f1-0-50a255fc1d77ddb200407bac0f34fece.png/big)
How Do Unusual Items Influence Profit?
不尋常的物品如何影響利潤?
For anyone who wants to understand Jiangsu Sainty's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from CN¥53m worth of unusual items. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. 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, after all, that's exactly what the accounting terminology implies. We can see that Jiangsu Sainty's positive unusual items were quite significant relative to its profit in the year to September 2023. As a result, we can surmise that the unusual items are making its statutory profit significantly stronger than it would otherwise be.
對於任何想了解江蘇舜天在法定數字之外的利潤的人來說,值得注意的是,在過去的十二個月中,從價值5300萬元人民幣的稀有物品中獲得了法定利潤。雖然獲得更高的利潤總是件好事,但來自不尋常物品的巨額貢獻有時會抑制我們的熱情。我們統計了全球大多數上市公司的數字,在自然界中,一次性出現不尋常物品的情況很常見。而且,畢竟,這正是會計術語的含義。我們可以看到,在截至2023年9月的一年中,江蘇舜天的不尋常利潤相對於其利潤相當可觀。因此,我們可以推測,這些不尋常的物品使其法定利潤比原本要高得多。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Jiangsu Sainty.
注意:我們始終建議投資者檢查資產負債表的實力。點擊此處查看我們對江蘇舜天資產負債表的分析。
Our Take On Jiangsu Sainty's Profit Performance
我們對江蘇舜天盈利表現的看法
As previously mentioned, Jiangsu Sainty'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 Jiangsu Sainty's underlying earnings power is lower than its statutory profit. On the bright side, the company showed enough improvement to book a profit this year, after losing money last year. 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. If you want to do dive deeper into Jiangsu Sainty, you'd also look into what risks it is currently facing. When we did our research, we found 3 warning signs for Jiangsu Sainty (1 doesn't sit too well with us!) that we believe deserve your full attention.
如前所述,江蘇舜天因不尋常項目而獲得的大幅提振不會無限期地存在,因此其法定收益可能無法很好地指導其潛在盈利能力。因此,我們認爲江蘇舜天的基礎盈利能力很可能低於其法定利潤。好的一面是,該公司在去年虧損之後,表現出足夠的進步,足以在今年實現盈利。當然,在分析其收益時,我們才剛剛浮出水面;人們還可以考慮利潤率、預測增長和投資回報率等因素。如果你想更深入地了解江蘇舜天,你還要看看它目前面臨的風險。當我們進行研究時,我們發現了江蘇舜天的 3 個警告信號(1 個對我們來說不太合適!)我們認爲值得你充分關注。
Today we've zoomed in on a single data point to better understand the nature of Jiangsu Sainty's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. 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.
今天,我們放大了單個數據點,以更好地了解江蘇舜天利潤的性質。但是,如果你能夠將注意力集中在細節上,總會有更多值得發現的地方。有些人認爲高股本回報率是高質量業務的好兆頭。儘管可能需要代表你進行一些研究,但你可能會發現這份免費收集的擁有高股本回報率的公司,或者這份內部人士正在購買的股票清單很有用。
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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.
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。