We Think You Should Be Aware Of Some Concerning Factors In Guangdong Huate Gas' (SHSE:688268) Earnings
We Think You Should Be Aware Of Some Concerning Factors In Guangdong Huate Gas' (SHSE:688268) Earnings
The market shrugged off Guangdong Huate Gas Co., Ltd's (SHSE:688268) solid earnings report. Our analysis showed that there are some concerning factors in the earnings that investors may be cautious of.
市场对于广东华特气体(SHSE:688268)的稳健盈利报告表现得无动于衷。我们的分析显示,盈利中存在一些令投资者可能持谨慎态度的因素。

How Do Unusual Items Influence Profit?
非常规项目如何影响利润?
Importantly, our data indicates that Guangdong Huate Gas' profit received a boost of CN¥18m 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. 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 Guangdong Huate Gas 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,我们的数据显示,广东华特气体的利润在过去一年中受益于飞凡项目的支持,增加了1800万人民币。虽然利润增加总是好事,但从飞凡项目中获得大量贡献有时会抑制我们的热情。我们对全球大多数上市公司进行了梳理,发现飞凡项目一般都是一次性的。这一点并不奇怪,从名字上看也能理解。如果广东华特气体不再获得这种贡献,其他条件相同,我们预计其利润在当前年度会下降。
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 Guangdong Huate Gas' Profit Performance
我们对广东华特气体的盈利表现看法
We'd posit that Guangdong Huate Gas' statutory earnings aren't a clean read on ongoing productivity, due to the large unusual item. Because of this, we think that it may be that Guangdong Huate Gas' statutory profits are better than its underlying earnings power. But at least holders can take some solace from the 36% per annum growth in EPS for the last three. 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 Guangdong Huate Gas at this point in time. In terms of investment risks, we've identified 2 warning signs with Guangdong Huate Gas, and understanding these bad boys should be part of your investment process.
我们认为广东华特气体的法定收入并不能清晰地反映持续生产力,因为有大量飞凡项目。因此,我们认为广东华特气体的法定利润可能优于其潜在盈利能力。但至少持有者可以从过去三年每股收益增长36%中获得一些安慰。本文的目标是评估我们能否依靠法定收入来反映公司的潜力,但还有很多值得考虑的地方。因此,尽管盈利质量很重要,但考虑目前广东华特气体面临的风险同样重要。在投资风险方面,我们已经发现了广东华特气体存在2个警示信号,了解这些坏消息应该成为您投资过程中的一部分。
This note has only looked at a single factor that sheds light on the nature of Guangdong Huate Gas' 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. 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.
这则通告只关注了揭示广东华特气体盈利性质的一个因素。但还有很多其他方法可以帮助您了解一家公司。有些人认为高股本回报率是一家优质企业的良好迹象。因此,您可能希望查看这个集团公司中拥有高股本回报率的免费收藏,或者查看这个拥有高内部持股的股票清单。
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