Changzhou Galaxy Century MicroelectronicsLtd's (SHSE:688689) Anemic Earnings Might Be Worse Than You Think
Changzhou Galaxy Century MicroelectronicsLtd's (SHSE:688689) Anemic Earnings Might Be Worse Than You Think
Changzhou Galaxy Century Microelectronics Co.,Ltd.'s (SHSE:688689) stock showed strength, with investors undeterred by its weak earnings report. Sometimes, shareholders are willing to ignore soft numbers with the hope that they will improve, but our analysis suggests this is unlikely for Changzhou Galaxy Century MicroelectronicsLtd.
常州銀河世紀微電子有限公司, Ltd. 's(SHSE: 688689)的股票表現強勁,投資者並未被其疲軟的收益報告嚇倒。有時,股東願意忽視軟數字,希望這些數字能有所改善,但我們的分析表明,對於常州銀河世紀微電子而言,這不太可能。
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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 Changzhou Galaxy Century MicroelectronicsLtd's profit results, we need to consider the CN¥34m gain attributed to unusual items. 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. And that's as you'd expect, given these boosts are described as 'unusual'. We can see that Changzhou Galaxy Century MicroelectronicsLtd's positive unusual items were quite significant relative to its profit in the year to March 2024. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power.
爲了正確了解常州銀河世紀微電子股份有限公司的利潤業績,我們需要考慮來自不尋常項目的3400萬元人民幣的收益。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。這正如你所預料的那樣,因爲這些增強被描述爲 “不尋常”。我們可以看到,相對於截至2024年3月的一年中,常州銀河世紀微電子股份有限公司的正面不尋常項目與其利潤相比相當可觀。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 Changzhou Galaxy Century MicroelectronicsLtd.
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常州銀河世紀微電子有限公司的資產負債表分析
Our Take On Changzhou Galaxy Century MicroelectronicsLtd's Profit Performance
我們對常州銀河世紀微電子有限公司盈利表現的看法
As previously mentioned, Changzhou Galaxy Century MicroelectronicsLtd's large boost from unusual items won't be there indefinitely, so its statutory earnings are probably a poor guide to its underlying profitability. As a result, we think it may well be the case that Changzhou Galaxy Century MicroelectronicsLtd's underlying earnings power is lower than its statutory profit. Sadly, its EPS was down over the last 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. 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 help with this, we've discovered 4 warning signs (1 is concerning!) that you ought to be aware of before buying any shares in Changzhou Galaxy Century MicroelectronicsLtd.
如前所述,常州銀河世紀微電子股份有限公司不會無限期地從不尋常項目中獲得巨額提振,因此其法定收益可能無法指導其潛在盈利能力。因此,我們認爲常州銀河世紀微電子有限公司的潛在盈利能力很可能低於其法定利潤。不幸的是,在過去的十二個月中,其每股收益有所下降。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。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。爲了幫助解決這個問題,我們發現了 4 個警告信號(1 個令人擔憂!)在購買常州銀河世紀微電子股份有限公司的任何股票之前,你應該注意這一點
This note has only looked at a single factor that sheds light on the nature of Changzhou Galaxy Century MicroelectronicsLtd'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.
這份報告只研究了揭示常州銀河世紀微電子有限公司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。