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盛美半导体（ACMR）与南玻集团（CSGS）财务数据对比。点击上方公司名可切换其他公司
南玻集团的季度营收约是盛美半导体的1.4倍（$323.1M vs $231.3M），盛美半导体净利率更高（7.5% vs 2.2%，领先5.3%），盛美半导体同比增速更快（34.2% vs 2.0%），过去两年盛美半导体的营收复合增速更高（6.9% vs 4.6%）
盛美半导体（ACM Research, Inc.）是全球领先的半导体制造设备供应商，专注于研发、生产及销售晶圆湿法处理相关设备，覆盖清洗、电镀、刻蚀等品类，产品广泛应用于逻辑、存储、功率等各类先进芯片的生产流程，服务全球多地区芯片制造企业。
中国南玻集团股份有限公司是中国规模最大的建筑玻璃生产商，业务涵盖浮法玻璃、建筑玻璃、显示玻璃、汽车玻璃、镀膜玻璃、镜子、彩滤玻璃、太阳能玻璃及节能玻璃等各类玻璃产品的研发、生产与销售，产品广泛应用于建筑、消费电子、新能源汽车、光伏等多个领域。
ACMR vs CSGS — 直观对比
营收规模更大
CSGS
是对方的1.4倍
$231.3M
营收增速更快
ACMR
高出32.2%
2.0%
净利率更高
ACMR
高出5.3%
2.2%
两年增速更快
ACMR
近两年复合增速
4.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $231.3M | $323.1M |
| 净利润 | $17.3M | $7.0M |
| 毛利率 | 46.4% | 50.0% |
| 营业利润率 | 15.6% | 9.0% |
| 净利率 | 7.5% | 2.2% |
| 营收同比 | 34.2% | 2.0% |
| 净利润同比 | -44.7% | -79.7% |
| 每股收益（稀释后） | $0.24 | $0.24 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ACMRCSGS
| Q1 26 | $231.3M | — | ||
| Q4 25 | $244.4M | $323.1M | ||
| Q3 25 | $269.2M | $303.6M | ||
| Q2 25 | $215.4M | $297.1M | ||
| Q1 25 | $172.3M | $299.5M | ||
| Q4 24 | $223.5M | $316.7M | ||
| Q3 24 | $204.0M | $295.1M | ||
| Q2 24 | $202.5M | $290.3M |
净利润ACMRCSGS
| Q1 26 | $17.3M | — | ||
| Q4 25 | $8.0M | $7.0M | ||
| Q3 25 | $35.9M | $20.5M | ||
| Q2 25 | $29.8M | $12.3M | ||
| Q1 25 | $20.4M | $16.1M | ||
| Q4 24 | $31.1M | $34.5M | ||
| Q3 24 | $30.9M | $19.1M | ||
| Q2 24 | $24.2M | $13.8M |
毛利率ACMRCSGS
| Q1 26 | 46.4% | — | ||
| Q4 25 | 40.9% | 50.0% | ||
| Q3 25 | 42.0% | 48.1% | ||
| Q2 25 | 48.5% | 49.5% | ||
| Q1 25 | 47.9% | 48.4% | ||
| Q4 24 | 49.6% | 51.3% | ||
| Q3 24 | 51.4% | 49.4% | ||
| Q2 24 | 47.8% | 47.3% |
营业利润率ACMRCSGS
| Q1 26 | 15.6% | — | ||
| Q4 25 | 9.4% | 9.0% | ||
| Q3 25 | 10.7% | 10.0% | ||
| Q2 25 | 14.7% | 10.0% | ||
| Q1 25 | 15.0% | 9.8% | ||
| Q4 24 | 19.7% | 13.4% | ||
| Q3 24 | 21.7% | 10.8% | ||
| Q2 24 | 18.6% | 8.8% |
净利率ACMRCSGS
| Q1 26 | 7.5% | — | ||
| Q4 25 | 3.3% | 2.2% | ||
| Q3 25 | 13.3% | 6.7% | ||
| Q2 25 | 13.8% | 4.1% | ||
| Q1 25 | 11.8% | 5.4% | ||
| Q4 24 | 13.9% | 10.9% | ||
| Q3 24 | 15.2% | 6.5% | ||
| Q2 24 | 12.0% | 4.8% |
每股收益（稀释后）ACMRCSGS
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.11 | $0.24 | ||
| Q3 25 | $0.52 | $0.73 | ||
| Q2 25 | $0.44 | $0.44 | ||
| Q1 25 | $0.30 | $0.57 | ||
| Q4 24 | $0.47 | $1.20 | ||
| Q3 24 | $0.45 | $0.67 | ||
| Q2 24 | $0.35 | $0.48 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $872.3M | $180.0M |
| 总债务越低越好 | $314.8M | $539.5M |
| 股东权益账面价值 | $2.1B | $283.7M |
| 总资产 | $3.1B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.15× | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资ACMRCSGS
| Q1 26 | $872.3M | — | ||
| Q4 25 | $792.9M | $180.0M | ||
| Q3 25 | $1.1B | $158.4M | ||
| Q2 25 | $463.2M | $145.9M | ||
| Q1 25 | $475.6M | $136.0M | ||
| Q4 24 | $426.8M | $161.8M | ||
| Q3 24 | $353.8M | $118.4M | ||
| Q2 24 | $343.6M | $110.4M |
总债务ACMRCSGS
| Q1 26 | $314.8M | — | ||
| Q4 25 | $214.0M | $539.5M | ||
| Q3 25 | $242.0M | $538.6M | ||
| Q2 25 | $225.1M | $537.8M | ||
| Q1 25 | $202.5M | $537.6M | ||
| Q4 24 | $150.0M | $538.5M | ||
| Q3 24 | $150.0M | $539.5M | ||
| Q2 24 | $90.5M | $540.5M |
股东权益ACMRCSGS
| Q1 26 | $2.1B | — | ||
| Q4 25 | $1.5B | $283.7M | ||
| Q3 25 | $1.4B | $289.5M | ||
| Q2 25 | $986.5M | $290.7M | ||
| Q1 25 | $949.1M | $283.1M | ||
| Q4 24 | $904.6M | $282.6M | ||
| Q3 24 | $888.2M | $288.4M | ||
| Q2 24 | $833.2M | $273.3M |
总资产ACMRCSGS
| Q1 26 | $3.1B | — | ||
| Q4 25 | $2.9B | $1.5B | ||
| Q3 25 | $2.8B | $1.5B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $1.9B | $1.5B | ||
| Q3 24 | $1.8B | $1.4B | ||
| Q2 24 | $1.7B | $1.4B |
负债/权益比ACMRCSGS
| Q1 26 | 0.15× | — | ||
| Q4 25 | 0.15× | 1.90× | ||
| Q3 25 | 0.17× | 1.86× | ||
| Q2 25 | 0.23× | 1.85× | ||
| Q1 25 | 0.21× | 1.90× | ||
| Q4 24 | 0.17× | 1.91× | ||
| Q3 24 | 0.17× | 1.87× | ||
| Q2 24 | 0.11× | 1.98× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $59.2M |
| 自由现金流经营现金流 - 资本支出 | — | $55.8M |
| 自由现金流率自由现金流/营收 | — | 17.3% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | — | 8.46× |
| 过去12个月自由现金流最近4个季度 | — | $141.4M |
8季度趋势，按日历期对齐
经营现金流ACMRCSGS
| Q1 26 | — | — | ||
| Q4 25 | $33.9M | $59.2M | ||
| Q3 25 | $-4.6M | $47.9M | ||
| Q2 25 | $-44.9M | $37.3M | ||
| Q1 25 | $5.3M | $11.5M | ||
| Q4 24 | $88.6M | $82.5M | ||
| Q3 24 | $11.9M | $39.5M | ||
| Q2 24 | $61.6M | $43.1M |
自由现金流ACMRCSGS
| Q1 26 | — | — | ||
| Q4 25 | $20.1M | $55.8M | ||
| Q3 25 | $-15.6M | $43.9M | ||
| Q2 25 | $-59.6M | $34.6M | ||
| Q1 25 | $-11.4M | $7.1M | ||
| Q4 24 | $77.2M | $76.6M | ||
| Q3 24 | $-20.6M | $32.0M | ||
| Q2 24 | $48.5M | $38.8M |
自由现金流率ACMRCSGS
| Q1 26 | — | — | ||
| Q4 25 | 8.2% | 17.3% | ||
| Q3 25 | -5.8% | 14.5% | ||
| Q2 25 | -27.7% | 11.6% | ||
| Q1 25 | -6.6% | 2.4% | ||
| Q4 24 | 34.5% | 24.2% | ||
| Q3 24 | -10.1% | 10.8% | ||
| Q2 24 | 24.0% | 13.4% |
资本支出强度ACMRCSGS
| Q1 26 | — | — | ||
| Q4 25 | 5.6% | 1.1% | ||
| Q3 25 | 4.1% | 1.3% | ||
| Q2 25 | 6.8% | 0.9% | ||
| Q1 25 | 9.7% | 1.5% | ||
| Q4 24 | 5.1% | 1.9% | ||
| Q3 24 | 16.0% | 2.5% | ||
| Q2 24 | 6.5% | 1.5% |
现金转化率ACMRCSGS
| Q1 26 | — | — | ||
| Q4 25 | 4.21× | 8.46× | ||
| Q3 25 | -0.13× | 2.34× | ||
| Q2 25 | -1.51× | 3.04× | ||
| Q1 25 | 0.26× | 0.71× | ||
| Q4 24 | 2.85× | 2.39× | ||
| Q3 24 | 0.39× | 2.07× | ||
| Q2 24 | 2.54× | 3.12× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ACMR
暂无分部数据
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
