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State Grid Information & Communication's (SHSE:600131) Anemic Earnings Might Be Worse Than You Think

State Grid Information & Communication's (SHSE:600131) Anemic Earnings Might Be Worse Than You Think

國家電網信息與通信(SHSE:600131)的無力盈利可能比想象中更糟糕
Simply Wall St ·  2024/09/08 00:17

Last week's earnings announcement from State Grid Information & Communication Co., Ltd. (SHSE:600131) was disappointing to investors, with a sluggish profit figure. Our analysis has found some reasons to be concerned, beyond the weak headline numbers.

國家電網信息通信有限公司(SHSE: 600131)上週的業績公告令投資者失望,盈利數字低迷。我們的分析發現,除了疲軟的標題數字外,還有一些令人擔憂的理由。

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SHSE:600131 Earnings and Revenue History September 8th 2024
SHSE: 600131 收益和收入歷史記錄 2024 年 9 月 8 日

How Do Unusual Items Influence Profit?

不尋常的物品如何影響利潤?

Importantly, our data indicates that State Grid Information & Communication's profit received a boost of CN¥54m 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,國家電網信息通信公司的利潤在不尋常項目上增加了5400萬元人民幣。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)。

That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.

這可能會讓你想知道分析師對未來盈利能力的預測。幸運的是,您可以單擊此處查看根據他們的估計描繪未來盈利能力的交互式圖表。

Our Take On State Grid Information & Communication's Profit Performance

我們對國家電網信息與通信盈利表現的看法

Arguably, State Grid Information & Communication's statutory earnings have been distorted by unusual items boosting profit. Because of this, we think that it may be that State Grid Information & Communication's statutory profits are better than its underlying earnings power. But at least holders can take some solace from the 23% per annum growth in EPS for the last three. 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. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. Every company has risks, and we've spotted 1 warning sign for State Grid Information & Communication you should know about.

可以說,國家電網信息與通信的法定收益被提高利潤的不尋常項目所扭曲。因此,我們認爲國家電網信息通信的法定利潤可能好於其基礎盈利能力。但是,至少持有人可以從過去三年的每股收益每年增長23%中得到一些安慰。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。請記住,在分析股票時,值得注意所涉及的風險。每家公司都有風險,我們發現了一個你應該知道的國家電網信息與通信警告標誌。

Today we've zoomed in on a single data point to better understand the nature of State Grid Information & Communication'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 with significant insider holdings to be useful.

今天,我們放大了單個數據點,以更好地了解國家電網信息與通信利潤的性質。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,或者這份擁有大量內幕持股的股票清單很有用。

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?對內容感到擔憂嗎?請直接聯繫我們。或者,也可以發送電子郵件至編輯團隊 (at) simplywallst.com。
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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