Why Shanghai Shine-Link International Logistics' (SHSE:603648) Shaky Earnings Are Just The Beginning Of Its Problems
Why Shanghai Shine-Link International Logistics' (SHSE:603648) Shaky Earnings Are Just The Beginning Of Its Problems
The subdued market reaction suggests that Shanghai Shine-Link International Logistics Co., Ltd.'s (SHSE:603648) recent earnings didn't contain any surprises. However, we believe that investors should be aware of some underlying factors which may be of concern.
市場反應溫和,表明暢聯股份(SHSE:603648)最近的收益沒有出現任何意外。然而,我們認爲投資者應該注意一些潛在的引起關注的因素。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240903/0-70b85d9560fe2b0cce500e337518bd4b-0-1c1a0e7f1c32c646e3b94a3436def03e.png/big)
How Do Unusual Items Influence Profit?
非常規項目如何影響利潤?
To properly understand Shanghai Shine-Link International Logistics' profit results, we need to consider the CN¥17m 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 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).
爲了正確認識暢聯股份的利潤結果,我們需要考慮到1700萬人民幣的飛凡收益。高利潤通常讓我們感到樂觀,但我們更希望利潤能持續。我們對全球大多數公開上市公司進行了數據分析,發現飛凡項目一般是一次性的。而且這也在情理之中,因爲這些提振被描述爲「飛凡」。如果假設這些飛凡項目在當前年度不再出現,我們預計明年的利潤可能會較弱(在沒有業務增長的情況下)。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Shanghai Shine-Link International Logistics.
注意:我們始終建議投資者檢查資產負債表實力。點擊這裏查看我們對暢聯股份資產負債表的分析。
Our Take On Shanghai Shine-Link International Logistics' Profit Performance
我們對暢聯股份的盈利表現看法
Arguably, Shanghai Shine-Link International Logistics' statutory earnings have been distorted by unusual items boosting profit. Because of this, we think that it may be that Shanghai Shine-Link International Logistics' statutory profits are better than its underlying earnings power. Nonetheless, it's still worth noting that its earnings per share have grown at 21% over the last three years. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. If you'd like to know more about Shanghai Shine-Link International Logistics as a business, it's important to be aware of any risks it's facing. For example, we've discovered 1 warning sign that you should run your eye over to get a better picture of Shanghai Shine-Link International Logistics.
可以說,暢聯股份的法定收益已經被飛凡項目所扭曲,從而提高了利潤。因此,我們認爲暢聯股份的法定利潤可能優於其潛在收益能力。儘管如此,值得注意的是,其每股收益在過去三年增長了21%。本文的目標是評估我們是否可以依賴法定收益來反映公司的潛力,但還有很多要考慮的地方。如果您想了解暢聯股份的業務情況,重要的是要意識到它所面臨的任何風險。例如,我們發現有一個警示標誌,您應該仔細觀察,以更全面地了解暢聯股份。
Today we've zoomed in on a single data point to better understand the nature of Shanghai Shine-Link International Logistics' profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. 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 with significant insider holdings to be useful.
今天,我們將把焦點放在一個單一數據點上,以更好地了解暢聯股份的利潤性質。但是,如果你能夠集中精力關注細節,總是可以發現更多。例如,很多人認爲高淨資產回報是良好的業務經濟的指標,而另一些人喜歡「追隨資金」,尋找內部人士正在買入的股票。雖然這可能需要您進行一些研究,但您可能會發現這個免費的公司收集高淨資產回報的公司,或者具有內部重要持股的股票清單有用。
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。