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Jiangsu Broadcasting Cable Information Network's (SHSE:600959) Weak Earnings May Only Reveal A Part Of The Whole Picture

Jiangsu Broadcasting Cable Information Network's (SHSE:600959) Weak Earnings May Only Reveal A Part Of The Whole Picture

江苏广播有线电视信息网(SHSE: 600959)的疲软收益可能只能揭示整体情况的一部分
Simply Wall St ·  05/06 14:10

The subdued market reaction suggests that Jiangsu Broadcasting Cable Information Network Corporation Limited's (SHSE:600959) recent earnings didn't contain any surprises. We think that investors are worried about some weaknesses underlying the earnings.

疲软的市场反应表明,江苏广播有线信息网络股份有限公司(SHSE: 600959)最近的收益没有任何意外。我们认为,投资者担心收益背后的一些弱点。

earnings-and-revenue-history
SHSE:600959 Earnings and Revenue History May 6th 2024
SHSE: 600959 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 Jiangsu Broadcasting Cable Information Network's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from CN¥391m worth of unusual items. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And, after all, that's exactly what the accounting terminology implies. We can see that Jiangsu Broadcasting Cable Information Network'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.

对于任何想了解江苏广播有线信息网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3.91亿元人民币的不寻常物品中获得了法定利润。虽然获得更高的利润总是件好事,但来自不寻常物品的巨额捐款有时会抑制我们的热情。当我们分析全球绝大多数上市公司时,我们发现重大不寻常的事项往往不会重演。而且,毕竟,这正是会计术语的含义。我们可以看到,相对于截至2024年3月的一年中,江苏广播有线信息网的不寻常积极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 Jiangsu Broadcasting Cable Information Network.

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江苏广播有线信息网的资产负债表分析。

Our Take On Jiangsu Broadcasting Cable Information Network's Profit Performance

我们对江苏广播有线信息网盈利表现的看法

As we discussed above, we think the significant positive unusual item makes Jiangsu Broadcasting Cable Information Network's earnings a poor guide to its underlying profitability. For this reason, we think that Jiangsu Broadcasting Cable Information Network's statutory profits may be a bad guide to its underlying earnings power, and might give investors an overly positive impression of the company. Nonetheless, it's still worth noting that its earnings per share have grown at 56% over the last three years. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. So while earnings quality is important, it's equally important to consider the risks facing Jiangsu Broadcasting Cable Information Network at this point in time. To help with this, we've discovered 3 warning signs (1 doesn't sit too well with us!) that you ought to be aware of before buying any shares in Jiangsu Broadcasting Cable Information Network.

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江苏广播有线信息网的收益无法衡量其潜在盈利能力。出于这个原因,我们认为江苏广播有线信息网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。尽管如此,仍然值得注意的是,其每股收益在过去三年中增长了56%。归根结底,如果你想正确地了解公司,必须考虑的不仅仅是上述因素。因此,尽管收益质量很重要,但考虑江苏广播有线信息网目前面临的风险同样重要。为了帮助解决这个问题,我们发现了 3 个警告信号(1 个对我们来说不太合适!)在购买江苏广播有线信息网的任何股票之前,你应该注意这一点。

This note has only looked at a single factor that sheds light on the nature of Jiangsu Broadcasting Cable Information Network's 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. 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 that insiders are buying to be useful.

这份报告只研究了揭示江苏广播有线信息网利润性质的单一因素。但是,还有很多其他方法可以让你对公司的看法。有些人认为高股本回报率是优质业务的好兆头。虽然可能需要你进行一些研究,但你可能会发现这份免费收集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很有用。

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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。

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