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Ningbo Fubang Jingye GroupLtd's (SHSE:600768) Anemic Earnings Might Be Worse Than You Think

Ningbo Fubang Jingye GroupLtd's (SHSE:600768) Anemic Earnings Might Be Worse Than You Think

寧波富邦精業集團有限公司(上海證券交易所股票代碼:600768)疲軟的收益可能比你想象的還要糟糕
Simply Wall St ·  05/06 18:54

The subdued market reaction suggests that Ningbo Fubang Jingye Group Co.,Ltd's (SHSE:600768) recent earnings didn't contain any surprises. However, we believe that investors should be aware of some underlying factors which may be of concern.

疲軟的市場反應表明,寧波富邦精業集團有限公司, Ltd(上海證券交易所股票代碼:600768)最近的收益沒有任何意外。但是,我們認爲,投資者應注意一些可能令人擔憂的潛在因素。

earnings-and-revenue-history
SHSE:600768 Earnings and Revenue History May 6th 2024
SHSE: 600768 收益和收入歷史記錄 2024 年 5 月 6 日

How Do Unusual Items Influence Profit?

不尋常的物品如何影響利潤?

To properly understand Ningbo Fubang Jingye GroupLtd's profit results, we need to consider the CN¥25m 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. 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 that's as you'd expect, given these boosts are described as 'unusual'. Ningbo Fubang Jingye GroupLtd had a rather significant contribution from unusual items relative to its profit to March 2024. As a result, we can surmise that the unusual items are making its statutory profit significantly stronger than it would otherwise be.

爲了正確理解寧波富邦精業集團有限公司的盈利業績,我們需要考慮不尋常項目帶來的2500萬元人民幣的收益。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。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。這正如你所預料的那樣,因爲這些增強被描述爲 “不尋常”。截至2024年3月,寧波富邦精業集團有限公司的不尋常項目對其利潤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 Ningbo Fubang Jingye 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寧波富邦精業集團有限公司的資產負債表分析。

Our Take On Ningbo Fubang Jingye GroupLtd's Profit Performance

我們對寧波富邦精業集團有限公司盈利表現的看法

As we discussed above, we think the significant positive unusual item makes Ningbo Fubang Jingye GroupLtd's earnings a poor guide to its underlying profitability. For this reason, we think that Ningbo Fubang Jingye 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. Sadly, its EPS was down over the last twelve months. 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. So while earnings quality is important, it's equally important to consider the risks facing Ningbo Fubang Jingye GroupLtd at this point in time. While conducting our analysis, we found that Ningbo Fubang Jingye GroupLtd has 3 warning signs and it would be unwise to ignore these.

正如我們上面討論的那樣,我們認爲這一重大利好不尋常的項目使寧波富邦精業集團有限公司的收益無法衡量其潛在盈利能力。出於這個原因,我們認爲寧波富邦精業集團有限公司的法定利潤可能不利於其潛在盈利能力,並可能給投資者留下過於積極的公司印象。不幸的是,在過去的十二個月中,其每股收益有所下降。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。因此,儘管收益質量很重要,但考慮寧波富邦精業集團有限公司目前面臨的風險同樣重要。在進行分析時,我們發現寧波富邦精業集團有限公司有3個警告標誌,忽視這些信號是不明智的。

Today we've zoomed in on a single data point to better understand the nature of Ningbo Fubang Jingye GroupLtd'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. 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.

今天,我們放大了單個數據點,以更好地了解寧波富邦精業集團有限公司利潤的性質。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。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。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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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