Joy Kie's (SZSE:300994) Anemic Earnings Might Be Worse Than You Think
Joy Kie's (SZSE:300994) Anemic Earnings Might Be Worse Than You Think
A lackluster earnings announcement from Joy Kie Corporation Limited (SZSE:300994) last week didn't sink the stock price. Our analysis suggests that along with soft profit numbers, investors should be aware of some other underlying weaknesses in the numbers.
上週自深交所(SZSE:300994)發佈的業績表現平平的消息並未使股價下跌。我們的分析表明,除了盈利數字不佳外,投資者還應該注意一些其他潛在的數字弱點。

How Do Unusual Items Influence Profit?
非常規項目如何影響利潤?
Importantly, our data indicates that Joy Kie's profit received a boost of CN¥11m in unusual items, over the last year. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. When we crunched the numbers on thousands of publicly listed companies, we found that a boost from unusual items in a given year is often not repeated the next year. And, after all, that's exactly what the accounting terminology implies. If Joy Kie doesn't see that contribution repeat, then all else being equal we'd expect its profit to drop over the current year.
重要的是,我們的數據顯示,過去一年中,Joy Kie的利潤在飛凡項目中獲得了1100萬人民幣的提振。雖然擁有更高的利潤總是令人愉快的,但大部分來自飛凡項目的貢獻有時會削弱我們的熱情。當我們分析了成千上萬家上市公司的數據後,發現某一年因飛凡項目帶來的提升通常不會在下一年重複出現。而且歸根結底,這正是會計術語所暗示的。如果Joy Kie沒有看到這一貢獻有所重複,其他條件相同的情況下,我們預計其利潤在本年度將會下降。
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.
這可能會讓您想知道分析師對未來盈利能力的預測。幸運的是,您可以單擊此處查看基於其估計的未來盈利能力的互動圖表。
Our Take On Joy Kie's Profit Performance
我們對Joy Kie的利潤表現的看法
Arguably, Joy Kie's statutory earnings have been distorted by unusual items boosting profit. Therefore, it seems possible to us that Joy Kie's true underlying earnings power is actually less than its statutory profit. Sadly, its EPS was down over the last twelve months. 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. For example, we've discovered 1 warning sign that you should run your eye over to get a better picture of Joy Kie.
可以說,飛凡的經常性收入已經被提振利潤的飛凡項目所扭曲。因此,我們認爲飛凡真正的基本收益能力實際上可能低於其法定利潤。遺憾的是,飛凡的每股收益在過去十二個月下降了。當然,在分析其收入時,我們只是觸及表面;人們還可以考慮利潤率、預測增長以及投資回報等方面。請記住,在分析一支股票時,值得注意涉及的風險。例如,我們發現了一個警示信號,你應該注意以更清晰地了解飛凡。
This note has only looked at a single factor that sheds light on the nature of Joy Kie's profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. 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.
這個說明只觀察了一個揭示飛凡利潤性質的因素。但還有許多其他方法來了解一個公司。一些人認爲高淨資產回報是一個優質企業的良好跡象。雖然可能需要您進行一些研究,但您可能會發現這個收集到的高淨資產回報公司或者這個具有顯著內部持股的股票清單對您有幫助。
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.
對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。