Impressive Earnings May Not Tell The Whole Story For Zhejiang Feida Environmental Science & Technology (SHSE:600526)
Impressive Earnings May Not Tell The Whole Story For Zhejiang Feida Environmental Science & Technology (SHSE:600526)
Zhejiang Feida Environmental Science & Technology Co., Ltd. (SHSE:600526) announced strong profits, but the stock was stagnant. Our analysis suggests that shareholders have noticed something concerning in the numbers.
浙江飛達環境科技股份有限公司(SHSE: 600526)宣佈盈利,但該股停滯不前。我們的分析表明,股東們注意到了一些令人擔憂的數字。
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How Do Unusual Items Influence Profit?
不尋常的物品如何影響利潤?
To properly understand Zhejiang Feida Environmental Science & Technology's profit results, we need to consider the CN¥34m 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. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. And, after all, that's exactly what the accounting terminology implies. If Zhejiang Feida Environmental Science & Technology doesn't see that contribution repeat, then all else being equal we'd expect its profit to drop over the current year.
爲了正確理解浙江飛達環境科技的盈利業績,我們需要考慮不尋常項目帶來的3400萬元人民幣的收益。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。我們統計了全球大多數上市公司的數字,不尋常的物品在自然界中很常見。而且,畢竟,這正是會計術語的含義。如果浙江飛達環境科技不認爲這一貢獻重演,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 Zhejiang Feida Environmental Science & Technology.
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浙江飛達環境科技的資產負債表分析。
Our Take On Zhejiang Feida Environmental Science & Technology's Profit Performance
我們對浙江飛達環境科技盈利表現的看法
Arguably, Zhejiang Feida Environmental Science & Technology's statutory earnings have been distorted by unusual items boosting profit. Because of this, we think that it may be that Zhejiang Feida Environmental Science & Technology's statutory profits are better than its underlying earnings power. But on the bright side, its earnings per share have grown at an extremely impressive rate over the last three years. 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. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. For example - Zhejiang Feida Environmental Science & Technology has 1 warning sign we think you should be aware of.
可以說,浙江飛達環境科技的法定收益被提高利潤的不尋常項目所扭曲。正因爲如此,我們認爲可能是浙江飛達環境科技的法定利潤要好於其基礎盈利能力。但好的一面是,其每股收益在過去三年中以極其驚人的速度增長。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。請記住,在分析股票時,值得注意所涉及的風險。例如,浙江飛達環境科技有 1 個警示標誌,我們認爲你應該注意。
Today we've zoomed in on a single data point to better understand the nature of Zhejiang Feida Environmental Science & Technology'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.
今天,我們放大了單個數據點,以更好地了解浙江飛達環境科技利潤的性質。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.
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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。