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南玻集团（CSGS）与FIRST HAWAIIAN, INC.（FHB）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FIRST HAWAIIAN, INC.的1.5倍（$323.1M vs $220.3M），FIRST HAWAIIAN, INC.净利率更高（30.8% vs 2.2%，领先28.6%），过去两年南玻集团的营收复合增速更高（4.6% vs 3.8%）
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。
第一夏威夷公司是总部位于夏威夷檀香山的银行控股企业，核心子公司第一夏威夷银行成立于1858年，是夏威夷历史最悠久、规模最大的金融机构，总部设在檀香山第一夏威夷中心。该行在夏威夷设有57家分支机构，关岛有3家，塞班岛有1家，为个人及商业客户提供存款、贷款、财富管理、保险、私人银行等多元金融服务。
CSGS vs FHB — 直观对比
营收规模更大
CSGS
是对方的1.5倍
$220.3M
净利率更高
FHB
高出28.6%
2.2%
两年增速更快
CSGS
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $220.3M |
| 净利润 | $7.0M | $67.8M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | — |
| 净利率 | 2.2% | 30.8% |
| 营收同比 | 2.0% | — |
| 净利润同比 | -79.7% | 14.4% |
| 每股收益（稀释后） | $0.24 | $0.55 |
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CSGSFHB
| Q1 26 | — | $220.3M | ||
| Q4 25 | $323.1M | $225.9M | ||
| Q3 25 | $303.6M | $226.4M | ||
| Q2 25 | $297.1M | $217.5M | ||
| Q1 25 | $299.5M | $211.0M | ||
| Q4 24 | $316.7M | $188.1M | ||
| Q3 24 | $295.1M | $210.0M | ||
| Q2 24 | $290.3M | $204.6M |
净利润CSGSFHB
| Q1 26 | — | $67.8M | ||
| Q4 25 | $7.0M | $69.9M | ||
| Q3 25 | $20.5M | $73.8M | ||
| Q2 25 | $12.3M | $73.2M | ||
| Q1 25 | $16.1M | $59.2M | ||
| Q4 24 | $34.5M | $52.5M | ||
| Q3 24 | $19.1M | $61.5M | ||
| Q2 24 | $13.8M | $61.9M |
毛利率CSGSFHB
| Q1 26 | — | — | ||
| Q4 25 | 50.0% | — | ||
| Q3 25 | 48.1% | — | ||
| Q2 25 | 49.5% | — | ||
| Q1 25 | 48.4% | — | ||
| Q4 24 | 51.3% | — | ||
| Q3 24 | 49.4% | — | ||
| Q2 24 | 47.3% | — |
营业利润率CSGSFHB
| Q1 26 | — | — | ||
| Q4 25 | 9.0% | 41.2% | ||
| Q3 25 | 10.0% | 42.5% | ||
| Q2 25 | 10.0% | 40.5% | ||
| Q1 25 | 9.8% | 36.5% | ||
| Q4 24 | 13.4% | 34.4% | ||
| Q3 24 | 10.8% | 36.4% | ||
| Q2 24 | 8.8% | 39.5% |
净利率CSGSFHB
| Q1 26 | — | 30.8% | ||
| Q4 25 | 2.2% | 31.0% | ||
| Q3 25 | 6.7% | 32.6% | ||
| Q2 25 | 4.1% | 33.7% | ||
| Q1 25 | 5.4% | 28.1% | ||
| Q4 24 | 10.9% | 27.9% | ||
| Q3 24 | 6.5% | 29.3% | ||
| Q2 24 | 4.8% | 30.3% |
每股收益（稀释后）CSGSFHB
| Q1 26 | — | $0.55 | ||
| Q4 25 | $0.24 | $0.56 | ||
| Q3 25 | $0.73 | $0.59 | ||
| Q2 25 | $0.44 | $0.58 | ||
| Q1 25 | $0.57 | $0.47 | ||
| Q4 24 | $1.20 | $0.41 | ||
| Q3 24 | $0.67 | $0.48 | ||
| Q2 24 | $0.48 | $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 | $180.0M | — |
| 总债务越低越好 | $539.5M | $0 |
| 股东权益账面价值 | $283.7M | $2.8B |
| 总资产 | $1.5B | $24.3B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资CSGSFHB
| Q1 26 | — | — | ||
| Q4 25 | $180.0M | — | ||
| Q3 25 | $158.4M | — | ||
| Q2 25 | $145.9M | — | ||
| Q1 25 | $136.0M | — | ||
| Q4 24 | $161.8M | — | ||
| Q3 24 | $118.4M | — | ||
| Q2 24 | $110.4M | — |
总债务CSGSFHB
| Q1 26 | — | $0 | ||
| Q4 25 | $539.5M | — | ||
| Q3 25 | $538.6M | — | ||
| Q2 25 | $537.8M | — | ||
| Q1 25 | $537.6M | — | ||
| Q4 24 | $538.5M | — | ||
| Q3 24 | $539.5M | — | ||
| Q2 24 | $540.5M | — |
股东权益CSGSFHB
| Q1 26 | — | $2.8B | ||
| Q4 25 | $283.7M | $2.8B | ||
| Q3 25 | $289.5M | $2.7B | ||
| Q2 25 | $290.7M | $2.7B | ||
| Q1 25 | $283.1M | $2.6B | ||
| Q4 24 | $282.6M | $2.6B | ||
| Q3 24 | $288.4M | $2.6B | ||
| Q2 24 | $273.3M | $2.6B |
总资产CSGSFHB
| Q1 26 | — | $24.3B | ||
| Q4 25 | $1.5B | $24.0B | ||
| Q3 25 | $1.5B | $24.1B | ||
| Q2 25 | $1.4B | $23.8B | ||
| Q1 25 | $1.4B | $23.7B | ||
| Q4 24 | $1.5B | $23.8B | ||
| Q3 24 | $1.4B | $23.8B | ||
| Q2 24 | $1.4B | $24.0B |
负债/权益比CSGSFHB
| Q1 26 | — | 0.00× | ||
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.86× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 1.91× | — | ||
| Q3 24 | 1.87× | — | ||
| Q2 24 | 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CSGSFHB
| Q1 26 | — | — | ||
| Q4 25 | $59.2M | $335.1M | ||
| Q3 25 | $47.9M | $57.1M | ||
| Q2 25 | $37.3M | $136.4M | ||
| Q1 25 | $11.5M | $36.7M | ||
| Q4 24 | $82.5M | $317.5M | ||
| Q3 24 | $39.5M | $58.9M | ||
| Q2 24 | $43.1M | $78.2M |
自由现金流CSGSFHB
| Q1 26 | — | — | ||
| Q4 25 | $55.8M | $303.3M | ||
| Q3 25 | $43.9M | $49.5M | ||
| Q2 25 | $34.6M | $125.2M | ||
| Q1 25 | $7.1M | $28.6M | ||
| Q4 24 | $76.6M | $288.7M | ||
| Q3 24 | $32.0M | $52.3M | ||
| Q2 24 | $38.8M | $72.2M |
自由现金流率CSGSFHB
| Q1 26 | — | — | ||
| Q4 25 | 17.3% | 134.3% | ||
| Q3 25 | 14.5% | 21.9% | ||
| Q2 25 | 11.6% | 57.5% | ||
| Q1 25 | 2.4% | 13.6% | ||
| Q4 24 | 24.2% | 153.5% | ||
| Q3 24 | 10.8% | 24.9% | ||
| Q2 24 | 13.4% | 35.3% |
资本支出强度CSGSFHB
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 14.1% | ||
| Q3 25 | 1.3% | 3.3% | ||
| Q2 25 | 0.9% | 5.2% | ||
| Q1 25 | 1.5% | 3.8% | ||
| Q4 24 | 1.9% | 15.3% | ||
| Q3 24 | 2.5% | 3.1% | ||
| Q2 24 | 1.5% | 2.9% |
现金转化率CSGSFHB
| Q1 26 | — | — | ||
| Q4 25 | 8.46× | 4.79× | ||
| Q3 25 | 2.34× | 0.77× | ||
| Q2 25 | 3.04× | 1.86× | ||
| Q1 25 | 0.71× | 0.62× | ||
| Q4 24 | 2.39× | 6.05× | ||
| Q3 24 | 2.07× | 0.96× | ||
| Q2 24 | 3.12× | 1.26× |
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
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
FHB
| Net Interest Income | $167.5M | 76% |
| Noninterest Income | $52.8M | 24% |
