Sino Hotels (Holdings)'s (HKG:1221) Earnings Offer More Than Meets The Eye
Sino Hotels (Holdings)'s (HKG:1221) Earnings Offer More Than Meets The Eye
Sino Hotels (Holdings) Limited's (HKG:1221) solid earnings announcement recently didn't do much to the stock price. Our analysis suggests that shareholders might be missing some positive underlying factors in the earnings report.
信和酒店(控股)有限公司(HKG:1221)最近發佈的穩健業績公告對股價沒有太大影響。我們的分析表明,股東可能忽略了業績中一些正面的潛在因素。
The Impact Of Unusual Items On Profit
除了稀釋之外,還應該注意的是,萬集科技在過去12個月中因不尋常項目獲得了價值人民幣3.5萬元的利潤。雖然我們希望看到利潤增加,但當這些不尋常項目對利潤做出重大貢獻時,我們會更加謹慎。我們對全球大部分上市公司的數據進行了分析,發現不尋常項目往往是一次性的。這正如我們所期望的那樣,因爲這些提升被描述爲"不尋常"。相對於其利潤而言,萬集科技在2021年12月前的不尋常項目貢獻大。因此,我們可以推斷出,這些不尋常項目正在使其財務利潤顯著增強。
To properly understand Sino Hotels (Holdings)'s profit results, we need to consider the HK$41m expense attributed to unusual items. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And, after all, that's exactly what the accounting terminology implies. In the twelve months to June 2024, Sino Hotels (Holdings) had a big unusual items expense. All else being equal, this would likely have the effect of making the statutory profit look worse than its underlying earnings power.
要正確理解信和酒店(控股)的盈利結果,我們需要考慮到4100萬港元的飛凡費用。看到飛凡項目影響公司利潤並不是好事,但好消息是,情況可能很快會好轉。當我們分析全球絕大多數上市公司時,發現重大的飛凡項目通常不會重複發生。事實上,這正是會計術語所暗示的。截至2024年6月的十二個月中,信和酒店(控股)發生了大筆飛凡項目費用。其他條件不變的情況下,這可能會導致法定利潤的表現不佳,看起來比其潛在盈利能力更差。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Sino Hotels (Holdings).
注:我們一直建議投資者檢查資產負債表實力。點擊此處查看我們對信和酒店(控股)資產負債表分析。
Our Take On Sino Hotels (Holdings)'s Profit Performance
我們對信和酒店(控股)的盈利表現看法
As we mentioned previously, the Sino Hotels (Holdings)'s profit was hampered by unusual items in the last year. Because of this, we think Sino Hotels (Holdings)'s underlying earnings potential is as good as, or possibly even better, than the statutory profit makes it seem! And it's also positive that the company showed enough improvement to book a profit this year, after losing money last year. 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. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. To help with this, we've discovered 2 warning signs (1 can't be ignored!) that you ought to be aware of before buying any shares in Sino Hotels (Holdings).
正如我們之前提到的,信和酒店(控股)的利潤在去年受到飛凡因素的影響。由於這個原因,我們認爲信和酒店(控股)的潛在盈利能力和法定利潤所顯示的一樣好,甚至可能更好!而且令人鼓舞的是,公司今年實現了盈利,相比去年虧損,取得了巨大進步。本文的目標是評估我們能否依賴法定盈利來反映公司的潛力,但還有很多因素需要考慮。請記住,在分析股票時,值得注意其中涉及的風險。爲了幫助您,我們發現了2個警示跡象(其中1個不容忽視!)在購買信和酒店(控股)股票之前,您應該了解。
This note has only looked at a single factor that sheds light on the nature of Sino Hotels (Holdings)'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 with high insider ownership.
這則說明僅關注了一項可揭示信和酒店(控股)利潤性質的因素。但是,如果能夠將注意力集中在細微之處,總會有更多發現。有些人認爲股東權益回報率高是優質業務的良好跡象。因此,您可能希望查看這份免費的高股東權益回報率公司收藏,或者這份擁有高內部持股的股票清單。
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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。