Wuxi Zhenhua Auto PartsLtd's (SHSE:605319) Earnings Are Of Questionable Quality
Wuxi Zhenhua Auto PartsLtd's (SHSE:605319) Earnings Are Of Questionable Quality
Wuxi Zhenhua Auto Parts Co.,Ltd.'s (SHSE:605319) robust earnings report didn't manage to move the market for its stock. We did some digging, and we found some concerning factors in the details.
无锡振华汽车零部件有限公司, Ltd. 's(上海证券交易所代码:605319)强劲的收益报告未能推动其股票的市场。我们进行了一些挖掘,在细节中发现了一些相关的因素。
![earnings-and-revenue-history](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240424/0-dbd1b1400d654a954562e5375a7eab65-0-35304419cf4c6b5473f38edd06a632ef.png/big)
In order to understand the potential for per share returns, it is essential to consider how much a company is diluting shareholders. Wuxi Zhenhua Auto PartsLtd expanded the number of shares on issue by 5.5% over the last year. That means its earnings are split among a greater number of shares. To talk about net income, without noticing earnings per share, is to be distracted by the big numbers while ignoring the smaller numbers that talk to per share value. Check out Wuxi Zhenhua Auto PartsLtd's historical EPS growth by clicking on this link.
为了了解每股回报的可能性,必须考虑公司在多大程度上稀释了股东。去年,无锡振华汽车零部件有限公司将已发行股票数量增加了5.5%。这意味着其收益将分配给更多的股票。在不注意每股收益的情况下谈论净收益,就是被大数字分散注意力,而忽略与之交谈的较小数字 每股 价值。点击此链接,查看无锡振华汽车零部件有限公司的历史每股收益增长。
How Is Dilution Impacting Wuxi Zhenhua Auto PartsLtd's Earnings Per Share (EPS)?
稀释如何影响无锡振华汽车零部件有限公司的每股收益(EPS)?
As you can see above, Wuxi Zhenhua Auto PartsLtd has been growing its net income over the last few years, with an annualized gain of 163% over three years. In comparison, earnings per share only gained 58% over the same period. And the 71% profit boost in the last year certainly seems impressive at first glance. On the other hand, earnings per share are only up 71% in that time. So you can see that the dilution has had a bit of an impact on shareholders.
如上所示,无锡振华汽车零部件有限公司在过去几年中一直在增长其净收入,三年内年化增长163%。相比之下,收益 每股 同期仅上涨了58%。乍一看,去年71%的利润增长无疑令人印象深刻。另一方面,收益 每股 在那段时间内仅上涨了71%。因此,你可以看到稀释对股东产生了一些影响。
In the long term, earnings per share growth should beget share price growth. So Wuxi Zhenhua Auto PartsLtd shareholders will want to see that EPS figure continue to increase. However, if its profit increases while its earnings per share stay flat (or even fall) then shareholders might not see much benefit. For the ordinary retail shareholder, EPS is a great measure to check your hypothetical "share" of the company's profit.
从长远来看,收益 每股 增长应该带来股价的增长。因此,无锡振华汽车零部件有限公司的股东将希望看到每股收益继续增加。但是,如果其利润增加而每股收益保持不变(甚至下降),那么股东可能看不到太多好处。对于普通零售股东来说,每股收益是检查您假设的公司利润 “份额” 的好方法。
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.
这可能会让你想知道分析师对未来盈利能力的预测。幸运的是,您可以单击此处查看根据他们的估计描绘未来盈利能力的交互式图表。
Our Take On Wuxi Zhenhua Auto PartsLtd's Profit Performance
我们对无锡振华汽车零部件有限公司利润表现的看法
Each Wuxi Zhenhua Auto PartsLtd share now gets a meaningfully smaller slice of its overall profit, due to dilution of existing shareholders. Therefore, it seems possible to us that Wuxi Zhenhua Auto PartsLtd's true underlying earnings power is actually less than its statutory profit. But at least holders can take some solace from the 58% per annum growth in EPS for the last three. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. At Simply Wall St, we found 2 warning signs for Wuxi Zhenhua Auto PartsLtd and we think they deserve your attention.
由于现有股东的稀释,无锡振华汽车零部件有限公司的每股股票现在在总利润中所占的份额明显减少。因此,在我们看来,无锡振华汽车零部件有限公司的真正基础盈利能力实际上可能低于其法定利润。但是,至少持有人可以从过去三年的每股收益每年增长58%中得到一些安慰。归根结底,如果你想正确地了解公司,必须考虑的不仅仅是上述因素。考虑到这一点,除非我们对风险有透彻的了解,否则我们不会考虑投资股票。在Simply Wall St,我们发现了无锡振华汽车零部件有限公司的两个警告标志,我们认为它们值得你关注。
This note has only looked at a single factor that sheds light on the nature of Wuxi Zhenhua Auto PartsLtd'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 that insiders are buying.
这份报告只考虑了揭示无锡振华汽车零部件有限公司利润性质的单一因素。但是,如果你能够将注意力集中在细节上,总会有更多的事情需要发现。有些人认为高股本回报率是优质业务的好兆头。因此,你可能希望看到这份免费收藏的拥有高股本回报率的公司,或者这份内部人士正在购买的股票清单。
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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.
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。