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We Think That There Are Some Issues For Y.U.D.Yangtze River Investment IndustryLtd (SHSE:600119) Beyond Its Promising Earnings

We Think That There Are Some Issues For Y.U.D.Yangtze River Investment IndustryLtd (SHSE:600119) Beyond Its Promising Earnings

我们认为,Y.U.D.长江投资工业有限公司(SHSE: 600119)除了其可观的收益外,还有一些问题
Simply Wall St ·  05/07 06:00

The recent earnings posted by Y.U.D.Yangtze River Investment Industry Co.,Ltd. (SHSE:600119) were solid, but the stock didn't move as much as we expected. We think this is due to investors looking beyond the statutory profits and being concerned with what they see.

Y.U.D.长江投资实业有限公司最近公布的财报, Ltd.(上海证券交易所股票代码:600119)表现稳定,但该股的波动幅度没有我们预期的那么大。我们认为这是由于投资者将目光投向了法定利润之外并关注他们所看到的情况。

earnings-and-revenue-history
SHSE:600119 Earnings and Revenue History May 6th 2024
SHSE: 600119 收益和收入历史记录 2024 年 5 月 6 日

How Do Unusual Items Influence Profit?

不寻常的物品如何影响利润?

For anyone who wants to understand Y.U.D.Yangtze River Investment IndustryLtd's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from CN¥29m worth of unusual items. While we like to see profit increases, we tend to be a little more cautious when unusual items have made a big contribution. 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. We can see that Y.U.D.Yangtze River Investment IndustryLtd's positive unusual items were quite significant relative to its profit in the year to March 2024. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power.

对于任何想了解长江投资有限公司在法定数字之外的利润的人来说,值得注意的是,在过去的十二个月中,从价值2900万元人民币的不寻常物品中获得了法定利润。虽然我们希望看到利润增加,但当不寻常的物品做出重大贡献时,我们往往会更加谨慎一些。当我们计算数千家上市公司的数字时,我们发现,特定年份中不寻常的项目所带来的提振通常不会在第二年重演。考虑到这个名字,这并不奇怪。我们可以看到,相对于截至2024年3月的一年中,Y.U.D.长江投资工业有限公司的正面异常项目相对于其利润相当可观。在其他条件相同的情况下,这可能会使法定利润成为衡量潜在盈利能力的不良指导。

Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Y.U.D.Yangtze River Investment IndustryLtd.

注意:我们始终建议投资者检查资产负债表的实力。点击此处查看我们对Y.U.D.长江投资工业有限公司的资产负债表分析

Our Take On Y.U.D.Yangtze River Investment IndustryLtd's Profit Performance

我们对长江长江投资有限公司盈利表现的看法

As we discussed above, we think the significant positive unusual item makes Y.U.D.Yangtze River Investment IndustryLtd's earnings a poor guide to its underlying profitability. For this reason, we think that Y.U.D.Yangtze River Investment IndustryLtd's statutory profits may be a bad guide to its underlying earnings power, and might give investors an overly positive impression of the company. On the bright side, the company showed enough improvement to book a profit this year, after losing money last year. 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. If you'd like to know more about Y.U.D.Yangtze River Investment IndustryLtd as a business, it's important to be aware of any risks it's facing. In terms of investment risks, we've identified 1 warning sign with Y.U.D.Yangtze River Investment IndustryLtd, and understanding this should be part of your investment process.

正如我们上面讨论的那样,我们认为这一重大利好不寻常的项目使Y.U.D.长江投资工业有限公司的收益无法衡量其潜在盈利能力。出于这个原因,我们认为Y.U.D.长江投资工业有限公司的法定利润可能不利于其潜在盈利能力,并可能给投资者留下过于积极的印象。好的一面是,该公司在去年亏损之后,表现出了足够的改善,今年实现了盈利。当然,我们只是在分析其收益时才浮出水面;人们还可以考虑利润率、预测增长和投资回报率等因素。如果您想进一步了解Y.U.D.长江投资工业有限公司作为一家企业,请务必注意其面临的任何风险。在投资风险方面,我们已经向Y.U.D.长江投资工业有限公司确定了1个警告信号,了解这应该是您投资过程的一部分。

Today we've zoomed in on a single data point to better understand the nature of Y.U.D.Yangtze River Investment IndustryLtd's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. 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 that insiders are buying.

今天,我们放大了单一数据点,以更好地了解Y.U.D.长江投资工业有限公司利润的性质。但是,如果你能够将注意力集中在细节上,总会有更多的事情需要发现。例如,许多人认为高股本回报率是有利的商业经济的标志,而另一些人则喜欢 “关注资金”,寻找内部人士正在买入的股票。因此,你可能希望看到这份免费收藏的拥有高股本回报率的公司,或者这份内部人士正在购买的股票清单。

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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的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

译文内容由第三方软件翻译。


以上内容仅用作资讯或教育之目的,不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。
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