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There May Be Some Bright Spots In Inspur Software's (SHSE:600756) Earnings

There May Be Some Bright Spots In Inspur Software's (SHSE:600756) Earnings

浪潮軟件(SHSE:600756)的收益中可能會有一些亮點
Simply Wall St ·  2024/11/07 06:31

The most recent earnings report from Inspur Software Co., Ltd. (SHSE:600756) was disappointing for shareholders. While the headline numbers were soft, we believe that investors might be missing some encouraging factors.

浪潮軟件股份有限公司(SHSE:600756)最近的收益報告令股東失望。 雖然頭條數字不盡如人意,但我們認爲投資者可能會忽略一些令人鼓舞的因素。

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SHSE:600756 Earnings and Revenue History November 6th 2024
SHSE:600756 盈利和營業收入歷史 2024年11月6日

The Impact Of Unusual Items On Profit

除了稀釋之外,還應該注意的是,萬集科技在過去12個月中因不尋常項目獲得了價值人民幣3.5萬元的利潤。雖然我們希望看到利潤增加,但當這些不尋常項目對利潤做出重大貢獻時,我們會更加謹慎。我們對全球大部分上市公司的數據進行了分析,發現不尋常項目往往是一次性的。這正如我們所期望的那樣,因爲這些提升被描述爲"不尋常"。相對於其利潤而言,萬集科技在2021年12月前的不尋常項目貢獻大。因此,我們可以推斷出,這些不尋常項目正在使其財務利潤顯著增強。

To properly understand Inspur Software's profit results, we need to consider the CN¥4.5m expense attributed to unusual items. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's hardly a surprise given these line items are considered unusual. Assuming those unusual expenses don't come up again, we'd therefore expect Inspur Software to produce a higher profit next year, all else being equal.

爲了正確理解浪潮軟件的盈利結果,我們需要考慮約450萬人民幣的飛凡費用。看到飛凡項目影響公司利潤並不是好事,但好消息是,情況可能會比預期更快改善。 當我們分析全球絕大多數上市公司時,我們發現重大的飛凡項目往往不會重複出現。 考慮到這些項目被視爲飛凡,這並不令人意外。 假設這些飛凡支出不會再次出現,我們因此預期浪潮軟件明年的利潤將更高,其他條件不變。

Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Inspur Software.

注意:我們始終建議投資者檢查資產負債表強度。 點擊這裏查看我們對浪潮軟件資產負債表分析。

Our Take On Inspur Software's Profit Performance

我們對浪潮軟件的盈利表現看法

Because unusual items detracted from Inspur Software's earnings over the last year, you could argue that we can expect an improved result in the current quarter. Because of this, we think Inspur Software's earnings potential is at least as good as it seems, and maybe even better! On the other hand, its EPS actually shrunk in 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. So while earnings quality is important, it's equally important to consider the risks facing Inspur Software at this point in time. In terms of investment risks, we've identified 2 warning signs with Inspur Software, and understanding them should be part of your investment process.

由於飛凡軟件去年的異常項目影響了收益,我們可以預期當前季度的業績會有所改善。基於此,我們認爲飛凡軟件的收益潛力至少和表面看起來一樣好,甚至可能更好!另一方面,它的每股收益實際上在過去十二個月內有所下降。當然,在分析其收益方面我們才剛剛觸及表面;人們也可以考慮毛利率、預測增長和投資回報率等其他因素。因此,收益質量雖然重要,但同樣重要的是考慮當前時點飛凡軟件面臨的風險。在投資風險方面,我們已經確定了2個對飛凡軟件構成警示的跡象,理解它們應該是你投資過程的一部分。

Today we've zoomed in on a single data point to better understand the nature of Inspur Software'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,我們將重點放在一個數據點上,以更好地了解飛凡軟件利潤的性質。但還有許多其他方式可以幫助您了解一家公司。例如,許多人認爲高股本回報率表明良好的商業經濟狀況,而另一些人喜歡"跟隨資金"並尋找內部人員正在買入的股票。雖然這可能需要您做一些研究,但您可能會發現這個免費的企業收藏展示有高股本回報率或這份擁有重要內部持股的股票清單可能會對您有所幫助。

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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.

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。

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