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Why Yunnan Energy New Material's (SZSE:002812) Shaky Earnings Are Just The Beginning Of Its Problems

Why Yunnan Energy New Material's (SZSE:002812) Shaky Earnings Are Just The Beginning Of Its Problems

为什么恩捷股份(SZSE:002812)的盈利不稳定只是其问题的开始
Simply Wall St ·  11/05 19:10

Yunnan Energy New Material Co., Ltd.'s (SZSE:002812) recent weak earnings report didn't cause a big stock movement. Our analysis suggests that along with soft profit numbers, investors should be aware of some other underlying weaknesses in the numbers.

恩捷股份(SZSE:002812)最近发布的业绩疲弱报告并没有引起股票大幅波动。我们的分析表明,除了软性盈利数字外,投资者还应注意一些数字中潜在的其他弱点。

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SZSE:002812 Earnings and Revenue History November 6th 2024
SZSE:002812盈利和营业收入历史数据2024年11月6日

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。

For anyone who wants to understand Yunnan Energy New Material's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from CN¥80m worth of unusual items. We can't deny that higher profits generally leave us optimistic, but we'd prefer it if the profit were to be sustainable. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. Which is hardly surprising, given the name. If Yunnan Energy New Material doesn't see that contribution repeat, then all else being equal we'd expect its profit to drop over the current year.

对于想要了解恩捷股份利润超出法定数字的人,重要的是要注意,在过去十二个月中,法定利润中获得了8000万元人民币的飞凡项目。我们无法否认,较高的利润一般会让我们感到乐观,但如果利润能够持续下去,我们会更加希望。我们对全球大多数上市公司进行了数据分析,飞凡项目一次性的情况非常常见。这并不奇怪,考虑到其名称。如果恩捷股份看不到这一贡献再现,其他条件保持不变,我们预计其利润在今年会下降。

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 Yunnan Energy New Material's Profit Performance

我们对恩捷股份的盈利表现看法

We'd posit that Yunnan Energy New Material's statutory earnings aren't a clean read on ongoing productivity, due to the large unusual item. Therefore, it seems possible to us that Yunnan Energy New Material'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. So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. Every company has risks, and we've spotted 2 warning signs for Yunnan Energy New Material (of which 1 is a bit concerning!) you should know about.

我们认为恩捷股份的法定收益并不完全反映持续生产力,由于大额飞凡项目。因此,我们认为恩捷股份真正的基本盈利能力实际上可能低于其法定利润。再次传来坏消息,其每股收益在过去一年有所下降。本文的目标是评估我们是否能依赖法定收益来反映公司的潜力,但还有许多因素需要考虑。因此,如果您想深入了解这只股票,必须考虑其所面临的任何风险。每家公司都有风险,我们已经发现恩捷股份存在2个警示信号(其中有1个值得关注!)您应该知道。

Today we've zoomed in on a single data point to better understand the nature of Yunnan Energy New Material'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.

今天,我们聚焦于一个单一数据点,以更好地了解恩捷股份利润的性质。但还有许多其他方法可以了解公司。例如,许多人认为高股东权益回报率表明有利的业务经济,而其他人喜欢‘追随资金’,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公司合集,这些公司拥有高股东权益回报率,或者这份内部持股比例较高的股票列表。

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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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