vs
ZW Data Action Technologies Inc.（CNET）与XMax Inc.（XWIN）财务数据对比。点击上方公司名可切换其他公司
XMax Inc.的季度营收约是ZW Data Action Technologies Inc.的1.0倍（$1.8M vs $1.7M），XMax Inc.同比增速更快（-11.8% vs -47.0%），过去两年XMax Inc.的营收复合增速更高（-13.7% 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。
XMax Inc.是一家全球科技企业，专注于Web3游戏基础设施与互动娱乐解决方案研发，提供定制化游戏开发工具包、去中心化资产系统及跨平台游戏产品，服务北美、亚太及欧洲的开发者与消费者。
CNET vs XWIN — 直观对比
营收规模更大
XWIN
是对方的1.0倍
$1.7M
营收增速更快
XWIN
高出35.2%
-47.0%
两年增速更快
XWIN
近两年复合增速
-56.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7M | $1.8M |
| 净利润 | $-108.0K | — |
| 毛利率 | 5.7% | 40.3% |
| 营业利润率 | -8.9% | -59.3% |
| 净利率 | -6.3% | — |
| 营收同比 | -47.0% | -11.8% |
| 净利润同比 | 94.4% | — |
| 每股收益（稀释后） | — | $-0.06 |
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CNETXWIN
| Q4 25 | — | $1.8M | ||
| Q3 25 | $1.7M | $9.8M | ||
| Q2 25 | — | $2.6M | ||
| Q1 25 | $1.7M | $2.6M | ||
| Q4 24 | $2.2M | $2.0M | ||
| Q3 24 | $3.2M | $2.6M | ||
| Q2 24 | $6.4M | $2.7M | ||
| Q1 24 | $3.5M | $2.4M |
净利润CNETXWIN
| Q4 25 | — | — | ||
| Q3 25 | $-108.0K | $-1.1M | ||
| Q2 25 | — | $-289.9K | ||
| Q1 25 | $-531.0K | $-338.9K | ||
| Q4 24 | $-781.0K | — | ||
| Q3 24 | $-1.9M | $-2.5M | ||
| Q2 24 | $-216.0K | $-563.5K | ||
| Q1 24 | $-850.0K | $-1.5M |
毛利率CNETXWIN
| Q4 25 | — | 40.3% | ||
| Q3 25 | 5.7% | 10.1% | ||
| Q2 25 | — | 50.2% | ||
| Q1 25 | 9.7% | 45.7% | ||
| Q4 24 | -0.4% | 42.8% | ||
| Q3 24 | 1.7% | 45.1% | ||
| Q2 24 | 5.1% | 44.4% | ||
| Q1 24 | 2.0% | 42.8% |
营业利润率CNETXWIN
| Q4 25 | — | -59.3% | ||
| Q3 25 | -8.9% | -5.0% | ||
| Q2 25 | — | -7.7% | ||
| Q1 25 | -35.0% | -7.3% | ||
| Q4 24 | -24.1% | -48.4% | ||
| Q3 24 | -61.5% | -92.0% | ||
| Q2 24 | -4.7% | -18.5% | ||
| Q1 24 | -26.1% | -62.6% |
净利率CNETXWIN
| Q4 25 | — | — | ||
| Q3 25 | -6.3% | -11.5% | ||
| Q2 25 | — | -11.3% | ||
| Q1 25 | -32.1% | -12.9% | ||
| Q4 24 | -34.7% | — | ||
| Q3 24 | -59.1% | -94.3% | ||
| Q2 24 | -3.4% | -21.0% | ||
| Q1 24 | -24.1% | -61.6% |
每股收益（稀释后）CNETXWIN
| Q4 25 | — | $-0.06 | ||
| Q3 25 | — | $-0.06 | ||
| Q2 25 | — | $-0.02 | ||
| Q1 25 | — | $-0.03 | ||
| Q4 24 | — | $0.11 | ||
| Q3 24 | — | $-0.72 | ||
| Q2 24 | — | $-0.22 | ||
| Q1 24 | — | $-0.65 |
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 | $6.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.3M | $28.0M |
| 总资产 | $9.7M | $35.5M |
| 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CNETXWIN
| Q4 25 | — | $6.7M | ||
| Q3 25 | $1.8M | $1.7M | ||
| Q2 25 | — | $468.8K | ||
| Q1 25 | $807.0K | $147.3K | ||
| Q4 24 | $812.0K | $161.9K | ||
| Q3 24 | $1.1M | $162.3K | ||
| Q2 24 | $510.0K | $363.4K | ||
| Q1 24 | $467.0K | $273.1K |
股东权益CNETXWIN
| Q4 25 | — | $28.0M | ||
| Q3 25 | $3.3M | $13.6M | ||
| Q2 25 | — | $6.5M | ||
| Q1 25 | $3.1M | $6.8M | ||
| Q4 24 | $3.7M | $3.1M | ||
| Q3 24 | $4.8M | $-895.9K | ||
| Q2 24 | $5.2M | $48.2K | ||
| Q1 24 | $5.4M | $-42.7K |
总资产CNETXWIN
| Q4 25 | — | $35.5M | ||
| Q3 25 | $9.7M | $18.3M | ||
| Q2 25 | — | $11.6M | ||
| Q1 25 | $9.5M | $11.9M | ||
| Q4 24 | $9.7M | $9.9M | ||
| Q3 24 | $11.0M | $5.1M | ||
| Q2 24 | $10.8M | $5.8M | ||
| Q1 24 | $11.4M | $6.2M |
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 | $1.7M |
| 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% | — |
| 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CNETXWIN
| Q4 25 | — | $1.7M | ||
| Q3 25 | $-482.0K | $-1.9M | ||
| Q2 25 | — | $92.5K | ||
| Q1 25 | $-984.0K | $-322.6K | ||
| Q4 24 | $-830.0K | $-263.4K | ||
| Q3 24 | $-198.0K | $-437.9K | ||
| Q2 24 | $-677.0K | $-468.7K | ||
| Q1 24 | $-353.0K | $-221.7K |
自由现金流CNETXWIN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-1.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率CNETXWIN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -61.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度CNETXWIN
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
XWIN
| North America | $1.7M | 97% |
| Other | $50.4K | 3% |
