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ZW Data Action Technologies Inc.（CNET）与EMERSON RADIO CORP（MSN）财务数据对比。点击上方公司名可切换其他公司
EMERSON RADIO CORP的季度营收约是ZW Data Action Technologies Inc.的1.1倍（$1.9M vs $1.7M），ZW Data Action Technologies Inc.净利率更高（-6.3% vs -36.7%，领先30.4%），ZW Data Action Technologies Inc.同比增速更快（-47.0% vs -52.8%），过去两年EMERSON RADIO CORP的营收复合增速更高（-7.3% vs -56.8%）
ZW Data Action Technologies Inc.（股票代码CNET）是一家中国本土科技企业，专注为电商、消费品、互联网服务等多个领域的企业客户提供整合数字营销解决方案、大数据分析服务及智能运营工具，助力客户优化获客效率，提升运营水平，推进数字化转型。
艾默生收音机公司是美国出货量领先的消费电子经销商之一，旗下商标自1912年起持续沿用至今，具备较高知名度。公司在全球范围内开展多条产品线的设计、营销与授权业务，部分产品以G Clef品牌销售及授权，该品牌名称是向艾默生原有标识致敬。
CNET vs MSN — 直观对比
营收规模更大
MSN
是对方的1.1倍
$1.7M
营收增速更快
CNET
高出5.8%
-52.8%
净利率更高
CNET
高出30.4%
-36.7%
两年增速更快
MSN
近两年复合增速
-56.8%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7M | $1.9M |
| 净利润 | $-108.0K | $-694.0K |
| 毛利率 | 5.7% | 10.9% |
| 营业利润率 | -8.9% | -43.7% |
| 净利率 | -6.3% | -36.7% |
| 营收同比 | -47.0% | -52.8% |
| 净利润同比 | 94.4% | -31.7% |
| 每股收益（稀释后） | — | $-0.03 |
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CNETMSN
| Q4 25 | — | $1.9M | ||
| Q3 25 | $1.7M | $1.2M | ||
| Q2 25 | — | $1.7M | ||
| Q1 25 | $1.7M | $1.8M | ||
| Q4 24 | $2.2M | $4.0M | ||
| Q3 24 | $3.2M | $2.7M | ||
| Q2 24 | $6.4M | $2.2M | ||
| Q1 24 | $3.5M | $2.2M |
净利润CNETMSN
| Q4 25 | — | $-694.0K | ||
| Q3 25 | $-108.0K | $-1.0M | ||
| Q2 25 | — | $-1.1M | ||
| Q1 25 | $-531.0K | $-2.4M | ||
| Q4 24 | $-781.0K | $-527.0K | ||
| Q3 24 | $-1.9M | $-881.0K | ||
| Q2 24 | $-216.0K | $-962.0K | ||
| Q1 24 | $-850.0K | $-883.0K |
毛利率CNETMSN
| Q4 25 | — | 10.9% | ||
| Q3 25 | 5.7% | -0.1% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | 9.7% | -3.0% | ||
| Q4 24 | -0.4% | 12.3% | ||
| Q3 24 | 1.7% | 9.9% | ||
| Q2 24 | 5.1% | 8.8% | ||
| Q1 24 | 2.0% | 15.9% |
营业利润率CNETMSN
| Q4 25 | — | -43.7% | ||
| Q3 25 | -8.9% | -98.4% | ||
| Q2 25 | — | -78.1% | ||
| Q1 25 | -35.0% | -137.8% | ||
| Q4 24 | -24.1% | -18.3% | ||
| Q3 24 | -61.5% | -40.8% | ||
| Q2 24 | -4.7% | -55.6% | ||
| Q1 24 | -26.1% | -52.2% |
净利率CNETMSN
| Q4 25 | — | -36.7% | ||
| Q3 25 | -6.3% | -85.8% | ||
| Q2 25 | — | -68.1% | ||
| Q1 25 | -32.1% | -127.9% | ||
| Q4 24 | -34.7% | -13.2% | ||
| Q3 24 | -59.1% | -32.2% | ||
| Q2 24 | -3.4% | -43.8% | ||
| Q1 24 | -24.1% | -40.1% |
每股收益（稀释后）CNETMSN
| Q4 25 | — | $-0.03 | ||
| Q3 25 | — | $-0.05 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $-0.10 | ||
| Q4 24 | — | $-0.03 | ||
| Q3 24 | — | $-0.04 | ||
| Q2 24 | — | $-0.05 | ||
| Q1 24 | — | $-0.04 |
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 | $1.8M | $13.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.3M | $18.6M |
| 总资产 | $9.7M | $20.1M |
| 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CNETMSN
| Q4 25 | — | $13.3M | ||
| Q3 25 | $1.8M | $13.5M | ||
| Q2 25 | — | $15.5M | ||
| Q1 25 | $807.0K | $16.1M | ||
| Q4 24 | $812.0K | $16.4M | ||
| Q3 24 | $1.1M | $16.7M | ||
| Q2 24 | $510.0K | $18.9M | ||
| Q1 24 | $467.0K | $19.9M |
股东权益CNETMSN
| Q4 25 | — | $18.6M | ||
| Q3 25 | $3.3M | $19.3M | ||
| Q2 25 | — | $20.4M | ||
| Q1 25 | $3.1M | $21.5M | ||
| Q4 24 | $3.7M | $23.9M | ||
| Q3 24 | $4.8M | $24.4M | ||
| Q2 24 | $5.2M | $25.3M | ||
| Q1 24 | $5.4M | $26.2M |
总资产CNETMSN
| Q4 25 | — | $20.1M | ||
| Q3 25 | $9.7M | $20.7M | ||
| Q2 25 | — | $23.3M | ||
| Q1 25 | $9.5M | $23.5M | ||
| Q4 24 | $9.7M | $26.4M | ||
| Q3 24 | $11.0M | $26.6M | ||
| Q2 24 | $10.8M | $28.5M | ||
| Q1 24 | $11.4M | $29.1M |
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 | $-482.0K | $-228.0K |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 0.0% | 0.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流CNETMSN
| Q4 25 | — | $-228.0K | ||
| Q3 25 | $-482.0K | $-2.0M | ||
| Q2 25 | — | $-514.0K | ||
| Q1 25 | $-984.0K | $-391.0K | ||
| Q4 24 | $-830.0K | $-293.0K | ||
| Q3 24 | $-198.0K | $-2.1M | ||
| Q2 24 | $-677.0K | $-840.0K | ||
| Q1 24 | $-353.0K | $-2.2M |
自由现金流CNETMSN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-1.0M | — | ||
| Q4 24 | — | $-301.0K | ||
| Q3 24 | — | $-2.1M | ||
| Q2 24 | — | $-1.0M | ||
| Q1 24 | — | $-2.3M |
自由现金流率CNETMSN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -61.8% | — | ||
| Q4 24 | — | -7.5% | ||
| Q3 24 | — | -77.8% | ||
| Q2 24 | — | -46.4% | ||
| Q1 24 | — | -102.3% |
资本支出强度CNETMSN
| Q4 25 | — | 0.0% | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | 2.2% | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 0.0% | 0.3% | ||
| Q2 24 | — | 8.2% | ||
| Q1 24 | — | 0.5% |
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
CNET
| Online Advertising Placement | $1.6M | 95% |
| Other | $83.0K | 5% |
MSN
| Products | $1.8M | 95% |
| Other | $87.0K | 5% |
