Concerns Surrounding Guangdong Delian Group's (SZSE:002666) Performance
Concerns Surrounding Guangdong Delian Group's (SZSE:002666) Performance
The recent earnings posted by Guangdong Delian Group Co., Ltd. (SZSE:002666) were solid, but the stock didn't move as much as we expected. We believe that shareholders have noticed some concerning factors beyond the statutory profit numbers.
廣東德聯集團有限公司(深圳證券交易所:002666)最近公佈的收益穩健,但該股的走勢沒有我們預期的那麼大。我們認爲,股東們已經注意到法定利潤數字之外的一些令人擔憂的因素。
![earnings-and-revenue-history](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240425/0-b0155b72db0632e5cbece0e91384a490-0-a323c0cba650df2318a44736c6f80a23.png/big)
How Do Unusual Items Influence Profit?
不尋常的物品如何影響利潤?
To properly understand Guangdong Delian Group's profit results, we need to consider the CN¥26m gain attributed to unusual items. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. 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. Which is hardly surprising, given the name. Guangdong Delian Group had a rather significant contribution from unusual items relative to its profit to December 2023. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power.
爲了正確了解廣東德聯集團的盈利業績,我們需要考慮不尋常項目帶來的2600萬元人民幣的收益。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捐款有時會抑制我們的熱情。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。考慮到這個名字,這並不奇怪。截至2023年12月,廣東德聯集團從不尋常的項目中獲得了相當大的利潤。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 Guangdong Delian 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廣東德聯集團的資產負債表分析。
Our Take On Guangdong Delian Group's Profit Performance
我們對廣東德聯集團盈利表現的看法
As we discussed above, we think the significant positive unusual item makes Guangdong Delian Group's earnings a poor guide to its underlying profitability. For this reason, we think that Guangdong Delian 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. 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. When we did our research, we found 3 warning signs for Guangdong Delian Group (2 shouldn't be ignored!) that we believe deserve your full attention.
正如我們上面討論的那樣,我們認爲這一重大利好不尋常的項目使廣東德聯集團的收益無法衡量其潛在盈利能力。出於這個原因,我們認爲廣東德聯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。有鑑於此,如果你想對公司進行更多分析,了解所涉及的風險至關重要。當我們進行研究時,我們發現了廣東德聯集團的3個警告標誌(2個不容忽視!)我們認爲值得你全神貫注。
Today we've zoomed in on a single data point to better understand the nature of Guangdong Delian Group's profit. But there are plenty of other ways to inform your opinion of a company. 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.
今天,我們放大了單一數據點,以更好地了解廣東德聯集團利潤的性質。但是,還有很多其他方法可以讓你對公司的看法。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.
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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。