Earnings Troubles May Signal Larger Issues for Apple Flavor & Fragrance GroupLtd (SHSE:603020) Shareholders
Earnings Troubles May Signal Larger Issues for Apple Flavor & Fragrance GroupLtd (SHSE:603020) Shareholders
Investors were disappointed by Apple Flavor & Fragrance Group Co.,Ltd.'s (SHSE:603020 ) latest earnings release. Our analysis has found some reasons to be concerned, beyond the weak headline numbers.
投資者對蘋果香精集團公司感到失望。, Ltd. 's (SHSE: 603020) 最新業績發佈。我們的分析發現,除了疲軟的標題數字外,還有一些令人擔憂的理由。
![earnings-and-revenue-history](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240429/0-422ca797eeb9a5900191006fad0235a8-0-a4132608c779639e9c4755b9291cc1a9.png/big)
How Do Unusual Items Influence Profit?
不尋常的物品如何影響利潤?
Importantly, our data indicates that Apple Flavor & Fragrance GroupLtd's profit received a boost of CN¥28m in unusual items, over the last year. 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 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. Apple Flavor & Fragrance GroupLtd had a rather significant contribution from unusual items relative to its profit to December 2023. As a result, we can surmise that the unusual items are making its statutory profit significantly stronger than it would otherwise be.
重要的是,我們的數據表明,蘋果香精集團有限公司在不尋常物品方面的利潤比去年增加了2800萬元人民幣。雖然我們希望看到利潤增加,但當不尋常的物品做出重大貢獻時,我們往往會更加謹慎一些。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。蘋果香精集團有限公司與其截至2023年12月的利潤相比,不尋常的物品做出了相當大的貢獻。因此,我們可以推測,這些不尋常的物品使其法定利潤明顯高於原來的水平。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Apple Flavor & Fragrance GroupLtd.
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蘋果香精集團有限公司的資產負債表分析。
Our Take On Apple Flavor & Fragrance GroupLtd's Profit Performance
我們對蘋果香精香料集團有限公司利潤表現的看法
As we discussed above, we think the significant positive unusual item makes Apple Flavor & Fragrance GroupLtd's earnings a poor guide to its underlying profitability. For this reason, we think that Apple Flavor & Fragrance GroupLtd'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. 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. If you'd like to know more about Apple Flavor & Fragrance GroupLtd as a business, it's important to be aware of any risks it's facing. For example, we've found that Apple Flavor & Fragrance GroupLtd has 3 warning signs (1 is potentially serious!) that deserve your attention before going any further with your analysis.
正如我們上面討論的那樣,我們認爲這一不尋常的重大利好項目使Apple Flavor & Fragrance GroupLtd的收益無法衡量其潛在盈利能力。出於這個原因,我們認爲Apple Flavor & Fragrance GroupLtd的法定利潤可能不利於其潛在盈利能力,並可能使投資者對該公司產生過於積極的印象。另一個壞消息是,其每股收益在去年有所下降。歸根結底,如果你想正確地了解公司,必須考慮的不僅僅是上述因素。如果你想進一步了解蘋果香精集團有限公司作爲一家企業,請務必注意其面臨的任何風險。例如,我們發現 Apple Flavor & Fragrance GroupLtd 有 3 個警告信號(1 個可能很嚴重!)在進行進一步分析之前,這值得你注意。
This note has only looked at a single factor that sheds light on the nature of Apple Flavor & Fragrance GroupLtd'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.
這份報告只研究了揭示蘋果香精集團利潤性質的單一因素。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。