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Shanghai Jahwa United's (SHSE:600315) Shareholders Have More To Worry About Than Only Soft Earnings

Shanghai Jahwa United's (SHSE:600315) Shareholders Have More To Worry About Than Only Soft Earnings

上海家化(SHSE:600315)的股东不仅需要担心业绩疲软
Simply Wall St ·  11/04 14:03

Last week's earnings announcement from Shanghai Jahwa United Co., Ltd. (SHSE:600315) was disappointing to investors, with a sluggish profit figure. We did some analysis, and found that there are some reasons to be cautious about the headline numbers.

上周上海家化股份有限公司(SHSE:600315)的收益公告让投资者感到失望,利润数字缓慢。我们进行了一些分析,发现对这些头条数字谨慎的原因有一些。

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SHSE:600315 Earnings and Revenue History November 4th 2024
SHSE:600315 每股收益和营业收入 历史数据 2024年11月4日

How Do Unusual Items Influence Profit?

非常规项目如何影响利润?

To properly understand Shanghai Jahwa United's profit results, we need to consider the CN¥51m gain attributed to unusual items. 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. Which is hardly surprising, given the name. If Shanghai Jahwa United doesn't see that contribution repeat, then all else being equal we'd expect its profit to drop over the current year.

为了正确理解上海家化的利润结果,我们需要考虑与飞凡项目相关的5100万人民币的收益。虽然利润提高总是令人高兴,但来自飞凡项目的大额贡献有时会抑制我们的热情。当我们对数千家上市公司进行数据分析时,发现某一年来自飞凡项目的提升通常在下一年不会重复。鉴于其名称,这并不令人惊讶。如果上海家化不能再看到这种贡献,那么在其他条件相同的情况下,我们预计其利润将在当前年度下降。

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.

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 Shanghai Jahwa United's Profit Performance

我们对上海家化利润表现的看法

We'd posit that Shanghai Jahwa United's statutory earnings aren't a clean read on ongoing productivity, due to the large unusual item. Therefore, it seems possible to us that Shanghai Jahwa United's true underlying earnings power is actually less than its statutory profit. Sadly, its EPS was down over the last twelve months. 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. So while earnings quality is important, it's equally important to consider the risks facing Shanghai Jahwa United at this point in time. For example, we've discovered 3 warning signs that you should run your eye over to get a better picture of Shanghai Jahwa United.

我们认为,由于存在大的飞凡项目,上海家化的法定收益并不能真实反映其持续的生产力。因此,我们认为上海家化的真实潜在收益能力实际上可能低于其法定利润。不幸的是,其每股收益在过去的十二个月里下降了。本文的目的是评估我们在多大程度上可以依赖法定收益来反映公司的潜力,但还有很多其他因素需要考虑。因此,尽管收益质量很重要,但同样重要的是考虑此时上海家化所面临的风险。例如,我们发现了三个警告信号,您应该关注以更好地了解上海家化。

This note has only looked at a single factor that sheds light on the nature of Shanghai Jahwa United'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 with high insider ownership.

这篇笔记仅仅关注了一个因素,照亮了上海家化利润的本质。但还有许多其他方式来了解一家公司的情况。例如,许多人认为高股本回报率是良好业务经济的迹象,而其他人则喜欢“跟随资金”,寻找内部人士正在买入的股票。因此,您可能希望查看这份免费高股本回报率公司的集合,或查看这份内部人持股比例高的股票列表。

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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.

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Simply Wall St的这篇文章是一般性质的。我们仅基于历史数据和分析师预测提供评论,使用公正的方法,我们的文章并非意在提供财务建议。这并不构成买入或卖出任何股票的建议,并且不考虑您的目标或财务状况。我们旨在为您带来基于基础数据驱动的长期聚焦分析。请注意,我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St对提及的任何股票都没有持仓。

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