New Century Group Hong Kong's (HKG:234) Weak Earnings May Only Reveal A Part Of The Whole Picture
New Century Group Hong Kong's (HKG:234) Weak Earnings May Only Reveal A Part Of The Whole Picture
A lackluster earnings announcement from New Century Group Hong Kong Limited (HKG:234) last week didn't sink the stock price. However, we believe that investors should be aware of some underlying factors which may be of concern.
新紀元集團香港有限公司(HKG:234)上週發佈的業績公告乏善可陳,但股價並未下跌。然而,我們認爲投資者應該注意一些潛在的問題。
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How Do Unusual Items Influence Profit?
非常規項目如何影響利潤?
Importantly, our data indicates that New Century Group Hong Kong's profit received a boost of HK$10m in unusual items, over the last year. While we like to see profit increases, we tend to be a little more cautious when unusual items have made a big contribution. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. And, after all, that's exactly what the accounting terminology implies. We can see that New Century Group Hong Kong's positive unusual items were quite significant relative to its profit in the year to March 2024. As a result, we can surmise that the unusual items are making its statutory profit significantly stronger than it would otherwise be.
重要的是,我們的數據顯示,新紀元集團香港的利潤在過去一年中從不尋常事件中獲得了1千萬港元的增長。雖然我們喜歡看到利潤增長,但當不尋常事件對利潤產生巨大的影響時,我們會更加謹慎。我們對全球大多數公開上市的公司進行了數據分析,發現不尋常事件往往是一次性的。畢竟,這就是會計術語的含義。我們可以看到,新紀元集團香港的不尋常事件與其2024年3月年度利潤相比相當顯著。因此,我們可以推測,不尋常事件使其法定利潤明顯增強。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of New Century Group Hong Kong.
注意:我們始終建議投資者檢查資產負債表強度。點擊此處以查看我們對新紀元集團香港資產負債表的分析。
Our Take On New Century Group Hong Kong's Profit Performance
我們對新紀元集團香港的利潤表現的看法
As we discussed above, we think the significant positive unusual item makes New Century Group Hong Kong's earnings a poor guide to its underlying profitability. As a result, we think it may well be the case that New Century Group Hong Kong's underlying earnings power is lower than its statutory profit. In further bad news, its earnings per share decreased in the last year. 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. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. You'd be interested to know, that we found 3 warning signs for New Century Group Hong Kong and you'll want to know about these.
正如我們上面討論的那樣,我們認爲顯著的積極不尋常項目使新紀元集團香港的盈利成爲其潛在盈利能力的劣質指南。因此,我們認爲新紀元集團香港的潛在盈利能力可能低於其法定利潤。更糟糕的是,其每股收益在過去一年中有所下降。歸根結底,如果您想正確了解公司,必須考慮不止上述因素。鑑於此,如果您想對該公司進行更多分析,了解相關的風險是至關重要的。您會驚奇地發現,我們爲新紀元集團香港發現了3個警告信號,這些信號您會想知道的。
This note has only looked at a single factor that sheds light on the nature of New Century Group Hong Kong's 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. 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.
這個備註只看了一個因素,揭示了新紀元集團香港的利潤性質。但如果您能夠聚焦細微之處,總有更多的發現。例如,許多人認爲高回報率是企業經濟有利的指標,而其他人喜歡「跟着錢走」,尋找內部人員購買的股票。雖然這可能需要您進行一些研究,但您可能會發現這個免費的高回報率公司收藏夾或者這個持有重要內部人員股份的股票清單很有用。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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。