There May Be Underlying Issues With The Quality Of Lihe Technology (Hunan)'s (SZSE:300800) Earnings
There May Be Underlying Issues With The Quality Of Lihe Technology (Hunan)'s (SZSE:300800) Earnings
Lihe Technology (Hunan) Co., Ltd. (SZSE:300800) just reported some strong earnings, and the market reacted accordingly with a healthy uplift in the share price. We did some analysis and think that investors are missing some details hidden beneath the profit numbers.
力合科技(湖南)有限公司(深交所股票代碼:300800)剛剛公佈了一些強勁的收益,市場做出了相應的反應,股價出現了健康的上漲。我們做了一些分析,認爲投資者遺漏了一些隱藏在利潤數字之下的細節。
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The Impact Of Unusual Items On Profit
不尋常物品對利潤的影響
Importantly, our data indicates that Lihe Technology (Hunan)'s profit received a boost of CN¥3.7m 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 analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. Which is hardly surprising, given the name. If Lihe Technology (Hunan) doesn't see that contribution repeat, then all else being equal we'd expect its profit to drop over the current year.
重要的是,我們的數據表明,去年,力合科技(湖南)的不尋常項目利潤增加了370萬元人民幣。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。當我們分析全球絕大多數上市公司時,我們發現重大不尋常的事項往往不會重演。考慮到這個名字,這並不奇怪。如果力合科技(湖南)認爲這一貢獻不會重演,那麼在其他條件相同的情況下,我們預計其本年度的利潤將下降。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Lihe Technology (Hunan).
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力合科技(湖南)的資產負債表分析。
Our Take On Lihe Technology (Hunan)'s Profit Performance
我們對力合科技(湖南)盈利表現的看法
Arguably, Lihe Technology (Hunan)'s statutory earnings have been distorted by unusual items boosting profit. Therefore, it seems possible to us that Lihe Technology (Hunan)'s true underlying earnings power is actually less than its statutory profit. But at least holders can take some solace from the 43% EPS growth 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. To that end, you should learn about the 3 warning signs we've spotted with Lihe Technology (Hunan) (including 2 which are potentially serious).
可以說,力合科技(湖南)的法定收益被提高利潤的不尋常項目所扭曲。因此,在我們看來,力合科技(湖南)的真正潛在盈利能力實際上可能低於其法定利潤。但是,至少持有人可以從去年43%的每股收益增長中得到一些安慰。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。爲此,你應該了解我們在力合科技(湖南)發現的3個警告信號(包括2個可能嚴重的警示信號)。
This note has only looked at a single factor that sheds light on the nature of Lihe Technology (Hunan)'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. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.
這份報告只研究了闡明力合科技(湖南)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。有些人認爲高股本回報率是優質業務的好兆頭。因此,你可能希望看到這份免費收藏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。
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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。