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南玻集团（CSGS）与AMICUS THERAPEUTICS, INC.（FOLD）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AMICUS THERAPEUTICS, INC.的1.7倍（$323.1M vs $185.2M），南玻集团净利率更高（2.2% vs 0.9%，领先1.3%），AMICUS THERAPEUTICS, INC.同比增速更快（23.7% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $16.0M），过去两年AMICUS THERAPEUTICS, INC.的营收复合增速更高（29.5% vs 4.6%）
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。
Amicus Therapeutics是总部位于美国宾夕法尼亚州费城的生物制药上市企业，2007年在纳斯达克挂牌上市，股票代码为FOLD。上市前，公司曾获得Radius Ventures、迦南合伙人、恩颐投资等多家风险投资机构的资金支持，专注于生物医药领域的研发与商业化布局。
CSGS vs FOLD — 直观对比
营收规模更大
CSGS
是对方的1.7倍
$185.2M
营收增速更快
FOLD
高出21.7%
2.0%
净利率更高
CSGS
高出1.3%
0.9%
自由现金流更多
CSGS
多$39.9M
$16.0M
两年增速更快
FOLD
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $185.2M |
| 净利润 | $7.0M | $1.7M |
| 毛利率 | 50.0% | 85.7% |
| 营业利润率 | 9.0% | 8.6% |
| 净利率 | 2.2% | 0.9% |
| 营收同比 | 2.0% | 23.7% |
| 净利润同比 | -79.7% | -88.5% |
| 每股收益（稀释后） | $0.24 | $0.00 |
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CSGSFOLD
| Q4 25 | $323.1M | $185.2M | ||
| Q3 25 | $303.6M | $169.1M | ||
| Q2 25 | $297.1M | $154.7M | ||
| Q1 25 | $299.5M | $125.2M | ||
| Q4 24 | $316.7M | $149.7M | ||
| Q3 24 | $295.1M | $141.5M | ||
| Q2 24 | $290.3M | $126.7M | ||
| Q1 24 | $295.1M | $110.4M |
净利润CSGSFOLD
| Q4 25 | $7.0M | $1.7M | ||
| Q3 25 | $20.5M | $17.3M | ||
| Q2 25 | $12.3M | $-24.4M | ||
| Q1 25 | $16.1M | $-21.7M | ||
| Q4 24 | $34.5M | $14.7M | ||
| Q3 24 | $19.1M | $-6.7M | ||
| Q2 24 | $13.8M | $-15.7M | ||
| Q1 24 | $19.5M | $-48.4M |
毛利率CSGSFOLD
| Q4 25 | 50.0% | 85.7% | ||
| Q3 25 | 48.1% | 88.5% | ||
| Q2 25 | 49.5% | 90.2% | ||
| Q1 25 | 48.4% | 90.7% | ||
| Q4 24 | 51.3% | 90.1% | ||
| Q3 24 | 49.4% | 90.6% | ||
| Q2 24 | 47.3% | 91.1% | ||
| Q1 24 | 46.5% | 87.7% |
营业利润率CSGSFOLD
| Q4 25 | 9.0% | 8.6% | ||
| Q3 25 | 10.0% | 20.3% | ||
| Q2 25 | 10.0% | -6.1% | ||
| Q1 25 | 9.8% | -6.3% | ||
| Q4 24 | 13.4% | 10.7% | ||
| Q3 24 | 10.8% | 15.3% | ||
| Q2 24 | 8.8% | 11.8% | ||
| Q1 24 | 10.8% | -25.1% |
净利率CSGSFOLD
| Q4 25 | 2.2% | 0.9% | ||
| Q3 25 | 6.7% | 10.2% | ||
| Q2 25 | 4.1% | -15.8% | ||
| Q1 25 | 5.4% | -17.3% | ||
| Q4 24 | 10.9% | 9.8% | ||
| Q3 24 | 6.5% | -4.8% | ||
| Q2 24 | 4.8% | -12.4% | ||
| Q1 24 | 6.6% | -43.9% |
每股收益（稀释后）CSGSFOLD
| Q4 25 | $0.24 | $0.00 | ||
| Q3 25 | $0.73 | $0.06 | ||
| Q2 25 | $0.44 | $-0.08 | ||
| Q1 25 | $0.57 | $-0.07 | ||
| Q4 24 | $1.20 | $0.05 | ||
| Q3 24 | $0.67 | $-0.02 | ||
| Q2 24 | $0.48 | $-0.05 | ||
| Q1 24 | $0.68 | $-0.16 |
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 | $293.5M |
| 总债务越低越好 | $539.5M | $392.7M |
| 股东权益账面价值 | $283.7M | $274.2M |
| 总资产 | $1.5B | $949.9M |
| 负债/权益比越低杠杆越低 | 1.90× | 1.43× |
8季度趋势，按日历期对齐
现金及短期投资CSGSFOLD
| Q4 25 | $180.0M | $293.5M | ||
| Q3 25 | $158.4M | $263.8M | ||
| Q2 25 | $145.9M | $231.0M | ||
| Q1 25 | $136.0M | $250.6M | ||
| Q4 24 | $161.8M | $249.9M | ||
| Q3 24 | $118.4M | $249.8M | ||
| Q2 24 | $110.4M | $260.1M | ||
| Q1 24 | $120.8M | $239.6M |
总债务CSGSFOLD
| Q4 25 | $539.5M | $392.7M | ||
| Q3 25 | $538.6M | $392.0M | ||
| Q2 25 | $537.8M | $391.3M | ||
| Q1 25 | $537.6M | $390.7M | ||
| Q4 24 | $538.5M | $390.1M | ||
| Q3 24 | $539.5M | $389.5M | ||
| Q2 24 | $540.5M | $388.9M | ||
| Q1 24 | $541.5M | $388.4M |
股东权益CSGSFOLD
| Q4 25 | $283.7M | $274.2M | ||
| Q3 25 | $289.5M | $230.4M | ||
| Q2 25 | $290.7M | $204.3M | ||
| Q1 25 | $283.1M | $193.6M | ||
| Q4 24 | $282.6M | $194.0M | ||
| Q3 24 | $288.4M | $178.8M | ||
| Q2 24 | $273.3M | $132.5M | ||
| Q1 24 | $269.3M | $130.7M |
总资产CSGSFOLD
| Q4 25 | $1.5B | $949.9M | ||
| Q3 25 | $1.5B | $868.8M | ||
| Q2 25 | $1.4B | $815.3M | ||
| Q1 25 | $1.4B | $789.8M | ||
| Q4 24 | $1.5B | $785.0M | ||
| Q3 24 | $1.4B | $786.6M | ||
| Q2 24 | $1.4B | $749.5M | ||
| Q1 24 | $1.3B | $721.8M |
负债/权益比CSGSFOLD
| Q4 25 | 1.90× | 1.43× | ||
| Q3 25 | 1.86× | 1.70× | ||
| Q2 25 | 1.85× | 1.92× | ||
| Q1 25 | 1.90× | 2.02× | ||
| Q4 24 | 1.91× | 2.01× | ||
| Q3 24 | 1.87× | 2.18× | ||
| Q2 24 | 1.98× | 2.93× | ||
| Q1 24 | 2.01× | 2.97× |
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 | $16.3M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $16.0M |
| 自由现金流率自由现金流/营收 | 17.3% | 8.6% |
| 资本支出强度资本支出/营收 | 1.1% | 0.2% |
| 现金转化率经营现金流/净利润 | 8.46× | 9.62× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $29.8M |
8季度趋势，按日历期对齐
经营现金流CSGSFOLD
| Q4 25 | $59.2M | $16.3M | ||
| Q3 25 | $47.9M | $35.7M | ||
| Q2 25 | $37.3M | $-26.5M | ||
| Q1 25 | $11.5M | $7.8M | ||
| Q4 24 | $82.5M | $-3.9M | ||
| Q3 24 | $39.5M | $-23.0M | ||
| Q2 24 | $43.1M | $22.7M | ||
| Q1 24 | $-29.4M | $-29.7M |
自由现金流CSGSFOLD
| Q4 25 | $55.8M | $16.0M | ||
| Q3 25 | $43.9M | $35.3M | ||
| Q2 25 | $34.6M | $-28.9M | ||
| Q1 25 | $7.1M | $7.5M | ||
| Q4 24 | $76.6M | $-4.2M | ||
| Q3 24 | $32.0M | $-23.3M | ||
| Q2 24 | $38.8M | $21.6M | ||
| Q1 24 | $-34.1M | $-31.5M |
自由现金流率CSGSFOLD
| Q4 25 | 17.3% | 8.6% | ||
| Q3 25 | 14.5% | 20.9% | ||
| Q2 25 | 11.6% | -18.7% | ||
| Q1 25 | 2.4% | 6.0% | ||
| Q4 24 | 24.2% | -2.8% | ||
| Q3 24 | 10.8% | -16.5% | ||
| Q2 24 | 13.4% | 17.0% | ||
| Q1 24 | -11.6% | -28.5% |
资本支出强度CSGSFOLD
| Q4 25 | 1.1% | 0.2% | ||
| Q3 25 | 1.3% | 0.2% | ||
| Q2 25 | 0.9% | 1.6% | ||
| Q1 25 | 1.5% | 0.2% | ||
| Q4 24 | 1.9% | 0.2% | ||
| Q3 24 | 2.5% | 0.3% | ||
| Q2 24 | 1.5% | 0.9% | ||
| Q1 24 | 1.6% | 1.6% |
现金转化率CSGSFOLD
| Q4 25 | 8.46× | 9.62× | ||
| Q3 25 | 2.34× | 2.06× | ||
| Q2 25 | 3.04× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 2.39× | -0.27× | ||
| Q3 24 | 2.07× | — | ||
| Q2 24 | 3.12× | — | ||
| Q1 24 | -1.51× | — |
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% |
FOLD
| Other | $105.8M | 57% |
| Galafold | $64.8M | 35% |
| Pombiliti Opfolda | $14.6M | 8% |
