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We Think That There Are More Issues For Shanghai Ziyan Foods (SHSE:603057) Than Just Sluggish Earnings

We Think That There Are More Issues For Shanghai Ziyan Foods (SHSE:603057) Than Just Sluggish Earnings

我們認爲上海紫燕食品(SHSE:603057)面臨的問題不僅僅是盈利疲軟
Simply Wall St ·  10/31 08:35

Shanghai Ziyan Foods Co., Ltd.'s (SHSE:603057) recent weak earnings report didn't cause a big stock movement. We think that investors are worried about some weaknesses underlying the earnings.

上海紫燕食品股份有限公司(SHSE:603057)最近發佈的業績不佳報告並未引起股票大幅波動。我們認爲投資者擔心的是業績背後的一些弱點。

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SHSE:603057 Earnings and Revenue History October 31st 2024
SHSE:603057 2024年10月31日營收和營業收入歷史數據

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。

Importantly, our data indicates that Shanghai Ziyan Foods' profit received a boost of CN¥111m in unusual items, over the last year. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. Which is hardly surprising, given the name. We can see that Shanghai Ziyan Foods' positive unusual items were quite significant relative to its profit in the year to September 2024. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power.

重要的是,我們的數據顯示,上海紫燕食品在過去一年中非飛凡項目利潤增加了人民幣11100萬元。雖然獲得更高的利潤總是令人高興的,但來自非飛凡項目的大幅貢獻有時會抑制我們的熱情。我們分析了全球大多數上市公司的數據,發現非飛凡項目往往是一次性的。這並不奇怪,考慮到其名稱。我們可以看到,相對於2024年9月的利潤,上海紫燕食品的非飛凡項目是相當顯著的。其他條件相同的情況下,這可能會導致法定利潤成爲對基本盈利能力的差勁指導。

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.

這可能會讓您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基於其估計的未來盈利能力的互動圖表。

Our Take On Shanghai Ziyan Foods' Profit Performance

我們對上海紫燕食品的利潤表現看法

As we discussed above, we think the significant positive unusual item makes Shanghai Ziyan Foods' earnings a poor guide to its underlying profitability. As a result, we think it may well be the case that Shanghai Ziyan Foods' underlying earnings power is lower than its statutory profit. And we are pleased to note that EPS is at least heading in the right direction in the alst 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. If you'd like to know more about Shanghai Ziyan Foods as a business, it's important to be aware of any risks it's facing. To that end, you should learn about the 2 warning signs we've spotted with Shanghai Ziyan Foods (including 1 which is significant).

正如我們之前討論的,我們認爲顯著的正面飛凡項目使上海紫燕食品公司的收益成爲其潛在盈利能力的不良指南。因此,我們認爲上海紫燕食品公司的潛在盈利能力可能低於其法定利潤。我們很高興地注意到,過去十二個月的每股收益至少是朝着正確的方向發展。當涉及分析其收益時,我們只是剛剛觸及表面;人們還可以考慮利潤率、預測增長和投資回報率,以及其他因素。如果您想更多了解作爲一個業務的上海紫燕食品公司,重要的是要了解它所面臨的任何風險。爲此,您應該了解我們發現的上海紫燕食品公司的2個警告跡象(包括1個重要跡象)。

This note has only looked at a single factor that sheds light on the nature of Shanghai Ziyan Foods' 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. 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.

這個註記只看了一個揭示上海紫燕食品公司利潤性質的因素。但如果您能夠將注意力集中在細枝末節上,總是有更多發現的。例如,許多人認爲高淨資產收益率是有利的商業經濟指標,而其他人喜歡「追蹤資金」並尋找內部人員正在購買的股票。因此,您可能希望查看這個收集高淨資產收益率的公司的免費信息,或查看擁有高內部所有權的股票清單。

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?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。

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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