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Here s Why We Don t Think China Nuclear Energy Technology s (HKG:611) Statutory Earnings Reflect Its Underlying Earnings Potential
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December 17, 2020 Broadly speaking, profitable businesses are less risky than unprofitable ones. However, sometimes companies receive a one-off boost (or reduction) to their profit, and it s not always clear whether statutory profits are a good guide, going forward. This article will consider whether
China Nuclear Energy Technology s (HKG:611) statutory profits are a good guide to its underlying earnings. It s good to see that over the last twelve months China Nuclear Energy Technology made a profit of HK$86.5m on revenue of HK$2.84b. The chart below shows how it has grown revenue over the last three years, but that profit has declined.