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Ningbo Fuda's (SHSE:600724) Solid Earnings May Rest On Weak Foundations

Ningbo Fuda's (SHSE:600724) Solid Earnings May Rest On Weak Foundations

寧波富達(上海證券交易所代碼:600724)的穩健收益可能建立在基礎薄弱的基礎上
Simply Wall St ·  04/30 18:30

Ningbo Fuda Company Limited (SHSE:600724) just released a solid earnings report, and the stock displayed some strength. While the profit numbers were good, our analysis has found some concerning factors that shareholders should be aware of.

寧波富達股份有限公司(上海證券交易所代碼:600724)剛剛發佈了一份穩健的收益報告,該股表現出一定的走強。儘管利潤數字不錯,但我們的分析發現了一些股東應該注意的令人擔憂的因素。

earnings-and-revenue-history
SHSE:600724 Earnings and Revenue History April 30th 2024
SHSE: 600724 2024 年 4 月 30 日的收益和收入歷史記錄

The Impact Of Unusual Items On Profit

不尋常物品對利潤的影響

Importantly, our data indicates that Ningbo Fuda's profit received a boost of CN¥16m in unusual items, over the last year. 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 analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's as you'd expect, given these boosts are described as 'unusual'. Assuming those unusual items don't show up again in the current year, we'd thus expect profit to be weaker next year (in the absence of business growth, that is).

重要的是,我們的數據表明,與去年相比,寧波富達的不尋常項目利潤增加了1600萬元人民幣。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。這正如你所預料的那樣,因爲這些增強被描述爲 “不尋常”。假設這些不尋常的項目在本年度不會再次出現,因此我們預計明年的利潤將疲軟(也就是說,在業務沒有增長的情況下)。

Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Ningbo Fuda.

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寧波富達的資產負債表分析。

Our Take On Ningbo Fuda's Profit Performance

我們對寧波富達盈利表現的看法

We'd posit that Ningbo Fuda's statutory earnings aren't a clean read on ongoing productivity, due to the large unusual item. Therefore, it seems possible to us that Ningbo Fuda's true underlying earnings power is actually less than its statutory profit. And we are pleased to note that EPS is at least heading in the right direction in the alst twelve months. 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 Ningbo Fuda as a business, it's important to be aware of any risks it's facing. When we did our research, we found 2 warning signs for Ningbo Fuda (1 is a bit unpleasant!) that we believe deserve your full attention.

我們認爲,寧波富達的法定收益並不能完全反映當前的生產率,這是因爲這個很大的不尋常項目。因此,在我們看來,寧波富達的真正潛在盈利能力實際上可能低於其法定利潤。我們高興地注意到,在過去的十二個月中,每股收益至少朝着正確的方向發展。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。如果您想進一步了解寧波富達作爲一家企業,請務必了解其面臨的任何風險。當我們進行研究時,我們發現了寧波富達的 2 個警告標誌(1 個有點不愉快!)我們認爲值得你全神貫注。

This note has only looked at a single factor that sheds light on the nature of Ningbo Fuda'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.

本報告僅研究了揭示寧波富達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。

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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