New DaZheng Property Group's (SZSE:002968) Shareholders Have More To Worry About Than Only Soft Earnings
New DaZheng Property Group's (SZSE:002968) Shareholders Have More To Worry About Than Only Soft Earnings
The subdued market reaction suggests that New DaZheng Property Group Co., LTD's (SZSE:002968) recent earnings didn't contain any surprises. We think that investors are worried about some weaknesses underlying the earnings.
市场反应平淡表明新大正(SZSE:002968)最近的收益没有令人惊讶的地方。我们认为投资者对收益背后的一些弱点感到担忧。
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How Do Unusual Items Influence Profit?
非常规项目如何影响利润?
For anyone who wants to understand New DaZheng Property Group's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from CN¥27m worth of unusual items. 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. And, after all, that's exactly what the accounting terminology implies. Assuming those unusual items don't show up again in the current year, we'd thus expect profit to be weaker next year (in the absence of business growth, that is).
对于任何想要了解新大正财务超出法定数字的人来说,重要的是要注意,在过去的十二个月中,法定利润增加了2700万人民币的飞凡项目。虽然利润增加总是好事,但飞凡项目的大额贡献有时会降低我们的热情。我们对全球大多数上市公司进行了调研,而飞凡项目一次性性质非常普遍。而且,这也正是会计术语的含义。假设这些飞凡项目在当前年份不再出现,我们预计明年的利润将会较弱(在没有业务增长的情况下)。
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.
这可能会让您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基于其估计的未来盈利能力的互动图表。
Our Take On New DaZheng Property Group's Profit Performance
我们对新大正的盈利表现的看法
Arguably, New DaZheng Property Group's statutory earnings have been distorted by unusual items boosting profit. Therefore, it seems possible to us that New DaZheng Property Group's true underlying earnings power is actually less 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. Every company has risks, and we've spotted 2 warning signs for New DaZheng Property Group you should know about.
新大正物业集团的盈利状况可能受到了异常项目的影响,导致利润被扭曲。因此,我们认为新大正物业集团的真实潜在盈利能力实际上可能低于其法定利润。更糟糕的是,它的每股收益在过去一年有所下降。总的来说,如果你想真正了解这家公司,就必须考虑比上述因素更多的因素。基于此,如果你想对该公司进行更多的分析,了解其中的风险是至关重要的。每个公司都有风险,我们发现了2个关于新大正物业集团的警示信号,你应该知道。
Today we've zoomed in on a single data point to better understand the nature of New DaZheng Property Group'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.
今天,我们聚焦于一项数据,以更好地了解新大正物业集团的利润特性。但是,如果你能够聚焦于细枝末节,总有更多的发现。例如,许多人认为高回报率是有利的商业经济的指标,而其他人喜欢“追踪资金”,寻找内部人员正在购买的股票。虽然这可能需要你一些研究工作,但你可能会发现这个免费的公司收藏包含许多回报率较高的公司,或者这个拥有重要内部持股的股票清单非常有用。
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