ZRP Printing Group's (SZSE:301223) Sluggish Earnings Might Be Just The Beginning Of Its Problems
ZRP Printing Group's (SZSE:301223) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Investors were disappointed by ZRP Printing Group Co., Ltd's (SZSE:301223 ) latest earnings release. We did some further digging and think they have a few more reasons to be concerned beyond the statutory profit.
投资者对ZRP印刷集团有限公司(SZSE:301223)最新的收益发布感到失望。我们进行了进一步的调查,认为他们有更多的原因值得关注,而不仅仅是法定利润。
The Impact Of Unusual Items On Profit
除了稀释之外,还应该注意的是,万集科技在过去12个月中因不寻常项目获得了价值人民币3.5万元的利润。虽然我们希望看到利润增加,但当这些不寻常项目对利润做出重大贡献时,我们会更加谨慎。我们对全球大部分上市公司的数据进行了分析,发现不寻常项目往往是一次性的。这正如我们所期望的那样,因为这些提升被描述为"不寻常"。相对于其利润而言,万集科技在2021年12月前的不寻常项目贡献大。因此,我们可以推断出,这些不寻常项目正在使其财务利润显著增强。
Importantly, our data indicates that ZRP Printing Group's profit received a boost of CN¥12m 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 that's as you'd expect, given these boosts are described as 'unusual'. 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).
重要的是,我们的数据显示,ZRP印刷集团的利润在过去一年里由飞凡项目获得了1200万人民币的提升。虽然我们喜欢看到利润增加,但当飞凡项目对利润做出重大贡献时,我们往往会更加谨慎。我们对全球大多数上市公司进行了数据统计,发现飞凡项目一次性出现是非常普遍的。这也正如你所预期的那样,因为这些提升被描述为“飞凡”。假设这些飞凡项目在当前年度不再出现,我们因此预计下一年的利润会更弱(在没有业务增长的情况下)。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of ZRP Printing Group.
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ZRP印刷集团资产负债表的分析。
Our Take On ZRP Printing Group's Profit Performance
我们对ZRP印刷集团的利润表现的看法
We'd posit that ZRP Printing Group's statutory earnings aren't a clean read on ongoing productivity, due to the large unusual item. Therefore, it seems possible to us that ZRP Printing 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. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. Case in point: We've spotted 1 warning sign for ZRP Printing Group you should be aware of.
我们认为ZRP Printing Group的法定收益并不能完全反映其持续生产力,因为有大量的非常规项目。因此,我们认为ZRP Printing Group的真正潜在收益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。本文的目标是评估我们能否依靠法定收益来反映公司的潜力,但还有很多要考虑的因素。请记住,当分析一支股票时,值得注意其中涉及的风险。举例来说:我们发现了1个关于ZRP Printing Group的警告信号,你应该知道。
Today we've zoomed in on a single data point to better understand the nature of ZRP Printing Group'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. 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,我们主要关注了一点数据,以更好地了解ZRP Printing Group的利润性质。但还有很多其他方法可以了解公司。例如,许多人认为高股本回报率是良好商业经济的一个指标,而其他人则喜欢“跟随资金”并搜索内部人正在买入的股票。尽管这可能需要您进行一些研究,但您可能会发现这个免费的高股本回报率公司收藏夹或这个拥有大量内部人持股的股票清单很有用。
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