Jiangsu Dagang's (SZSE:002077) Soft Earnings Don't Show The Whole Picture
Jiangsu Dagang's (SZSE:002077) Soft Earnings Don't Show The Whole Picture
Shareholders appeared unconcerned with Jiangsu Dagang Co., Ltd.'s (SZSE:002077) lackluster earnings report last week. We think that the softer headline numbers might be getting counterbalanced by some positive underlying factors.
股东们似乎对江苏大港股份有限公司漠不关心。”s(深圳证券交易所:002077)上周的收益报告乏善可陈。我们认为,较疲软的标题数字可能会被一些积极的潜在因素所抵消。
![earnings-and-revenue-history](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240505/0-d40ed48532565cd8e8ea06db77ab09ab-0-32d8d1ba37cc39a6f1cef09c71c7a047.png/big)
The Impact Of Unusual Items On Profit
不寻常物品对利润的影响
Importantly, our data indicates that Jiangsu Dagang's profit was reduced by CN¥19m, due to unusual items, over the last year. 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 that's hardly a surprise given these line items are considered unusual. Jiangsu Dagang took a rather significant hit from unusual items in the year to March 2024. All else being equal, this would likely have the effect of making the statutory profit look worse than its underlying earnings power.
重要的是,我们的数据显示,由于不寻常的项目,江苏大港的利润比去年减少了1900万元人民币。看到不寻常的项目使公司利润付出代价从来都不是一件好事,但从好的方面来看,情况可能迟早会好转。当我们分析全球绝大多数上市公司时,我们发现重大不寻常的事项往往不会重演。鉴于这些单列项目被认为不寻常,这并不奇怪。在截至2024年3月的一年中,江苏大港因不寻常的物品而遭受了相当大的打击。在其他条件相同的情况下,这可能会使法定利润看起来比其基本盈利能力差。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Jiangsu Dagang.
注意:我们始终建议投资者检查资产负债表的实力。点击此处查看我们对江苏大港的资产负债表分析。
Our Take On Jiangsu Dagang's Profit Performance
我们对江苏大港盈利表现的看法
As we mentioned previously, the Jiangsu Dagang's profit was hampered by unusual items in the last year. Based on this observation, we consider it possible that Jiangsu Dagang's statutory profit actually understates its earnings potential! Unfortunately, though, its earnings per share actually fell back over the last year. 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. At Simply Wall St, we found 2 warning signs for Jiangsu Dagang and we think they deserve your attention.
正如我们之前提到的,去年,江苏大港的利润因不寻常的项目而受到阻碍。基于这一观察,我们认为江苏大港的法定利润实际上可能低估了其盈利潜力!但不幸的是,其每股收益实际上在去年有所回落。当然,我们只是在分析其收益时才浮出水面;人们还可以考虑利润率、预测增长和投资回报率等因素。请记住,在分析股票时,值得注意所涉及的风险。在Simply Wall St,我们发现了两个江苏大港的警告标志,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 Jiangsu Dagang's profit. But there are plenty of other ways to inform your opinion of a company. 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 that insiders are buying.
这份报告只研究了揭示江苏大港利润性质的单一因素。但是,还有很多其他方法可以让你对公司的看法。例如,许多人认为高股本回报率是有利的商业经济的标志,而另一些人则喜欢 “关注资金”,寻找内部人士正在买入的股票。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。
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.
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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。