<p><strong>亚积邦租赁有限公司</strong>（HKG:1496）的股票市场表现强劲，因其上周发布了健康的财报。然而，我们认为股东应保持谨慎，因为我们发现了一些令人担忧的因素影响了利润。</p>
<p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/328217341-earnings-and-revenue-history-1-dark-2/1754519599600?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/328217341-earnings-and-revenue-history-1-dark-2/1754519599600"/></p>
<p>SEHK:1496 盈利和收入历史 2025 年 8 月 6 日</p>
<h2>非常规项目如何影响利润？</h2>
<p>要正确理解亚积邦租赁的利润结果，我们需要考虑到与非常规项目相关的 980 万港元的收益。虽然我们喜欢看到利润增长，但当非常规项目对利润的贡献很大时，我们往往会更加谨慎。我们对全球大多数上市公司的数据进行了分析，发现非常规项目通常是一次性的。毕竟，这正是会计术语所暗示的。相较于 2025 年 3 月的利润，亚积邦租赁的非常规项目贡献相当显著。在其他条件相同的情况下，这可能会导致法定利润对潜在盈利能力的指导作用较差。</p>
<p><strong>注意：</strong> 我们始终建议投资者检查资产负债表的强度。点击这里查看亚积邦租赁的资产负债表分析。</p>
<h2>我们对亚积邦租赁利润表现的看法</h2>
<p>正如我们上面讨论的，我们认为显著的正向非常规项目使得亚积邦租赁的收益对其潜在盈利能力的指导作用较差。因此，我们认为亚积邦租赁的潜在盈利能力可能低于其法定利润。但至少持有者可以从过去一年 17% 的每股收益增长中获得一些安慰。当然，在分析其收益时，我们仅仅是触及了表面；还可以考虑利润率、预测增长和投资回报等其他因素。请记住，在分析股票时，值得注意的是涉及的风险。在投资风险方面，<strong>我们已识别出 4 个警示信号</strong>，了解这些信号应成为您投资过程的一部分。</p>
<p>这份说明仅关注了一个因素，揭示了亚积邦租赁利润的性质。但还有许多其他方式可以帮助您形成对公司的看法。有些人认为高股本回报率是优质企业的良好标志。虽然这可能需要您进行一些研究，但您可能会发现这份 <strong>免费</strong> 的高股本回报率公司集合，或这份拥有显著内部持股的股票列表对您有帮助。</p>

亚积邦租赁

<p>亚积邦租赁（HKG:1496）报告了强劲的收益，但由于来自非常规项目的重大贡献，建议保持谨慎，这可能会扭曲基础盈利能力。这些项目带来的 980 万港元收益引发了对法定利润作为真实盈利能力指标可靠性的担忧。尽管去年每股收益增长了 17%，潜在投资者应注意与该公司相关的四个警示信号，并考虑其他财务指标以进行全面分析</p>

<p>The market for <strong>AP Rentals Holdings Limited's</strong> (HKG:1496) stock was strong after it released a healthy earnings report last week. However, we think that shareholders should be cautious as we found some worrying factors underlying the profit.</p>
<div class="lb-trans"><p><strong>亚积邦租赁有限公司</strong>（HKG:1496）的股票市场表现强劲，因其上周发布了健康的财报。然而，我们认为股东应保持谨慎，因为我们发现了一些令人担忧的因素影响了利润。</p>
</div><p>We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</p>
<div class="lb-trans"><p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/328217341-earnings-and-revenue-history-1-dark-2/1754519599600" alt="" original-src="https://images.simplywall.st/asset/chart/328217341-earnings-and-revenue-history-1-dark-2/1754519599600"/></p>
<p>SEHK:1496 Earnings and Revenue History August 6th 2025</p>
<div class="lb-trans"><p>SEHK:1496 盈利和收入历史 2025 年 8 月 6 日</p>
</div><h2>How Do Unusual Items Influence Profit?</h2>
<div class="lb-trans"><h2>非常规项目如何影响利润？</h2>
</div><p>To properly understand AP Rentals Holdings' profit results, we need to consider the HK$9.8m gain attributed to 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. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. And, after all, that's exactly what the accounting terminology implies. AP Rentals Holdings had a rather significant contribution from unusual items relative to its profit to March 2025. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power.</p>
<div class="lb-trans"><p>要正确理解亚积邦租赁的利润结果，我们需要考虑到与非常规项目相关的 980 万港元的收益。虽然我们喜欢看到利润增长，但当非常规项目对利润的贡献很大时，我们往往会更加谨慎。我们对全球大多数上市公司的数据进行了分析，发现非常规项目通常是一次性的。毕竟，这正是会计术语所暗示的。相较于 2025 年 3 月的利润，亚积邦租赁的非常规项目贡献相当显著。在其他条件相同的情况下，这可能会导致法定利润对潜在盈利能力的指导作用较差。</p>
</div><p><strong>Note:</strong> we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of AP Rentals Holdings.</p>
<div class="lb-trans"><p><strong>注意：</strong> 我们始终建议投资者检查资产负债表的强度。点击这里查看亚积邦租赁的资产负债表分析。</p>
</div><h2>Our Take On AP Rentals Holdings' Profit Performance</h2>
<div class="lb-trans"><h2>我们对亚积邦租赁利润表现的看法</h2>
</div><p>As we discussed above, we think the significant positive unusual item makes AP Rentals Holdings' earnings a poor guide to its underlying profitability. As a result, we think it may well be the case that AP Rentals Holdings' underlying earnings power is lower than its statutory profit. But at least holders can take some solace from the 17% EPS growth in the 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. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. In terms of investment risks, <strong>we've identified 4 warning signs</strong> with AP Rentals Holdings, and understanding them should be part of your investment process.</p>
<div class="lb-trans"><p>正如我们上面讨论的，我们认为显著的正向非常规项目使得亚积邦租赁的收益对其潜在盈利能力的指导作用较差。因此，我们认为亚积邦租赁的潜在盈利能力可能低于其法定利润。但至少持有者可以从过去一年 17% 的每股收益增长中获得一些安慰。当然，在分析其收益时，我们仅仅是触及了表面；还可以考虑利润率、预测增长和投资回报等其他因素。请记住，在分析股票时，值得注意的是涉及的风险。在投资风险方面，<strong>我们已识别出 4 个警示信号</strong>，了解这些信号应成为您投资过程的一部分。</p>
</div><p>This note has only looked at a single factor that sheds light on the nature of AP Rentals Holdings' 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 <strong>free</strong> collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful.</p>
<div class="lb-trans"><p>这份说明仅关注了一个因素，揭示了亚积邦租赁利润的性质。但还有许多其他方式可以帮助您形成对公司的看法。有些人认为高股本回报率是优质企业的良好标志。虽然这可能需要您进行一些研究，但您可能会发现这份 <strong>免费</strong> 的高股本回报率公司集合，或这份拥有显著内部持股的股票列表对您有帮助。</p>
</div>

亚积邦租赁控股（HKG:1496）的稳健收益可能是建立在不牢固的基础上