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Why Sino Harbour Holdings Group's (HKG:1663) Shaky Earnings Are Just The Beginning Of Its Problems

Why Sino Harbour Holdings Group's (HKG:1663) Shaky Earnings Are Just The Beginning Of Its Problems

爲什麼信和港控股集團(HKG: 1663)不穩定的收益只是其問題的開始
Simply Wall St ·  01/04 08:32

A lackluster earnings announcement from Sino Harbour Holdings Group Limited (HKG:1663) last week didn't sink the stock price. We think that investors are worried about some weaknesses underlying the earnings.

信和港控股集團有限公司(HKG: 1663)上週公佈的收益乏善可陳,但並未使股價下跌。我們認爲,投資者擔心收益背後的一些弱點。

View our latest analysis for Sino Harbour Holdings Group

查看我們對信和港控股集團的最新分析

earnings-and-revenue-history
SEHK:1663 Earnings and Revenue History January 4th 2024
SEHK: 1663 收益和收入歷史記錄 2024 年 1 月 4 日

How Do Unusual Items Influence Profit?

不尋常的物品如何影響利潤?

To properly understand Sino Harbour Holdings Group's profit results, we need to consider the CN¥22m gain attributed to 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 Sino Harbour Holdings Group's positive unusual items were quite significant relative to its profit in the year to September 2023. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power.

爲了正確了解信和港控股集團的盈利業績,我們需要考慮不尋常項目帶來的2200萬元人民幣的收益。我們不能否認更高的利潤通常會讓我們感到樂觀,但如果利潤是可持續的,我們更願意這樣做。當我們計算數千家上市公司的數字時,我們發現,特定年份中不尋常的項目所帶來的提振通常不會在第二年重演。這正如你所預料的那樣,因爲這些增強被描述爲 “不尋常”。我們可以看到,相對於截至2023年9月的一年中,信和港控股集團的正面不尋常項目與其利潤相比相當可觀。在其他條件相同的情況下,這可能會使法定利潤成爲衡量潛在盈利能力的不良指導。

Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Sino Harbour Holdings Group.

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信和港控股集團的資產負債表分析。

Our Take On Sino Harbour Holdings Group's Profit Performance

我們對信和港控股集團盈利表現的看法

As previously mentioned, Sino Harbour Holdings 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. For this reason, we think that Sino Harbour Holdings Group's statutory profits may be a bad guide to its underlying earnings power, and might give investors an overly positive impression of the company. In further bad news, its earnings per share decreased in the 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. So while earnings quality is important, it's equally important to consider the risks facing Sino Harbour Holdings Group at this point in time. For example, we've discovered 2 warning signs that you should run your eye over to get a better picture of Sino Harbour Holdings Group.

如前所述,信和港控股集團從不尋常項目中獲得的巨大提振不會無限期地存在,因此其法定收益可能無法指導其潛在盈利能力。出於這個原因,我們認爲信和港控股集團的法定利潤可能不利於其潛在盈利能力,並可能給投資者留下過於積極的印象。另一個壞消息是,其每股收益在去年有所下降。當然,我們只是在分析其收益時才浮出水面;人們還可以考慮利潤率、預測增長和投資回報率等因素。因此,儘管收益質量很重要,但考慮信和港控股集團目前面臨的風險同樣重要。例如,我們發現了兩個警告信號,爲了更好地了解信和港控股集團,你應該仔細看看。

This note has only looked at a single factor that sheds light on the nature of Sino Harbour Holdings 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 that insiders are buying to be useful.

這份報告只考慮了揭示信和港控股集團利潤性質的單一因素。但是,如果你能夠將注意力集中在細節上,總會有更多的事情需要發現。例如,許多人認爲高股本回報率是有利的商業經濟的標誌,而另一些人則喜歡 “關注資金”,尋找內部人士正在買入的股票。雖然可能需要你進行一些研究,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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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