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西铁城（CIA）与万物新生（RERE）财务数据对比。点击上方公司名可切换其他公司
西铁城的季度营收约是万物新生的1.7倍（$72.1M vs $43.2M），万物新生净利率更高（16.9% vs 10.2%，领先6.7%）
西铁城钟表株式会社，又称西铁城集团，是总部位于日本东京西东京市的知名跨国电子企业，核心业务为腕表制造，是西铁城集团的核心企业。除西铁城品牌腕表外，集团还拥有美国钟表公司宝路华，业务同时涵盖计算器、打印机、医疗设备与精密CNC加工设备制造。
万物新生集团（ATRenew Inc.）是中国领先的二手消费电子产品交易与服务平台运营商，核心业务覆盖数码产品回收、质检、翻新及售卖，运营有爱回收等知名品牌，服务覆盖个人消费者及企业客户，市场遍及国内及部分东南亚地区。
CIA vs RERE — 直观对比
营收规模更大
CIA
是对方的1.7倍
$43.2M
净利率更高
RERE
高出6.7%
10.2%
损益表 — Q4 FY2025 vs Q1 FY2023
| 指标 | | |
|---|---|---|
| 营收 | $72.1M | $43.2M |
| 净利润 | $7.3M | $7.3M |
| 毛利率 | — | — |
| 营业利润率 | 10.9% | — |
| 净利率 | 10.2% | 16.9% |
| 营收同比 | 13.5% | — |
| 净利润同比 | 102.7% | — |
| 每股收益（稀释后） | — | — |
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CIARERE
| Q4 25 | $72.1M | — | ||
| Q3 25 | $62.8M | — | ||
| Q2 25 | $65.1M | — | ||
| Q1 25 | $55.7M | — | ||
| Q4 24 | $63.5M | — | ||
| Q3 24 | $61.7M | — | ||
| Q2 24 | $62.1M | — | ||
| Q1 24 | $57.7M | — |
净利润CIARERE
| Q4 25 | $7.3M | — | ||
| Q3 25 | $2.4M | — | ||
| Q2 25 | $6.5M | — | ||
| Q1 25 | $-1.6M | — | ||
| Q4 24 | $3.6M | — | ||
| Q3 24 | $2.8M | — | ||
| Q2 24 | $4.0M | — | ||
| Q1 24 | $4.5M | — |
营业利润率CIARERE
| Q4 25 | 10.9% | — | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 10.6% | — | ||
| Q1 25 | -3.2% | — | ||
| Q4 24 | 5.9% | — | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 5.3% | — | ||
| Q1 24 | 8.5% | — |
净利率CIARERE
| Q4 25 | 10.2% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 9.9% | — | ||
| Q1 25 | -2.9% | — | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 4.5% | — | ||
| Q2 24 | 6.4% | — | ||
| Q1 24 | 7.9% | — |
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 | $23.0M | $228.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $235.0M | $557.1M |
| 总资产 | $1.8B | $722.9M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CIARERE
| Q4 25 | $23.0M | — | ||
| Q3 25 | $23.1M | — | ||
| Q2 25 | $22.7M | — | ||
| Q1 25 | $18.4M | — | ||
| Q4 24 | $29.3M | — | ||
| Q3 24 | $32.4M | — | ||
| Q2 24 | $26.3M | — | ||
| Q1 24 | $23.2M | — |
股东权益CIARERE
| Q4 25 | $235.0M | — | ||
| Q3 25 | $225.6M | — | ||
| Q2 25 | $229.0M | — | ||
| Q1 25 | $218.1M | — | ||
| Q4 24 | $210.4M | — | ||
| Q3 24 | $207.6M | — | ||
| Q2 24 | $191.5M | — | ||
| Q1 24 | $195.2M | — |
总资产CIARERE
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.7B | — |
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 | $18.0M | — |
| 自由现金流经营现金流 - 资本支出 | $17.5M | — |
| 自由现金流率自由现金流/营收 | 24.3% | — |
| 资本支出强度资本支出/营收 | 0.6% | — |
| 现金转化率经营现金流/净利润 | 2.45× | — |
| 过去12个月自由现金流最近4个季度 | $26.1M | — |
8季度趋势，按日历期对齐
经营现金流CIARERE
| Q4 25 | $18.0M | — | ||
| Q3 25 | $4.7M | — | ||
| Q2 25 | $3.5M | — | ||
| Q1 25 | $748.0K | — | ||
| Q4 24 | $31.9M | — | ||
| Q3 24 | $9.7M | — | ||
| Q2 24 | $4.6M | — | ||
| Q1 24 | $6.8M | — |
自由现金流CIARERE
| Q4 25 | $17.5M | — | ||
| Q3 25 | $4.6M | — | ||
| Q2 25 | $3.3M | — | ||
| Q1 25 | $641.0K | — | ||
| Q4 24 | $31.3M | — | ||
| Q3 24 | $9.3M | — | ||
| Q2 24 | $4.5M | — | ||
| Q1 24 | $6.7M | — |
自由现金流率CIARERE
| Q4 25 | 24.3% | — | ||
| Q3 25 | 7.3% | — | ||
| Q2 25 | 5.1% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 49.2% | — | ||
| Q3 24 | 15.1% | — | ||
| Q2 24 | 7.2% | — | ||
| Q1 24 | 11.7% | — |
资本支出强度CIARERE
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.1% | — |
现金转化率CIARERE
| Q4 25 | 2.45× | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 8.81× | — | ||
| Q3 24 | 3.48× | — | ||
| Q2 24 | 1.16× | — | ||
| Q1 24 | 1.49× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
