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南玻集团（CSGS）与null（GPRO）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null的1.6倍（$323.1M vs $201.7M），南玻集团同比增速更快（2.0% vs 0.4%），南玻集团自由现金流更多（$55.8M vs $15.0M），过去两年null的营收复合增速更高（13.9% 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。
GoPro, Inc.是2002年由尼克·伍德曼创立的美国科技企业，最初注册名为伍德曼实验室，总部坐落于加利福尼亚州圣马特奥。该公司主营运动相机生产制造，同时还自主开发配套移动端应用与视频编辑软件。
CSGS vs GPRO — 直观对比
营收规模更大
CSGS
是对方的1.6倍
$201.7M
营收增速更快
CSGS
高出1.6%
0.4%
自由现金流更多
CSGS
多$40.8M
$15.0M
两年增速更快
GPRO
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $201.7M |
| 净利润 | $7.0M | — |
| 毛利率 | 50.0% | 31.8% |
| 营业利润率 | 9.0% | -4.1% |
| 净利率 | 2.2% | — |
| 营收同比 | 2.0% | 0.4% |
| 净利润同比 | -79.7% | — |
| 每股收益（稀释后） | $0.24 | $-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CSGSGPRO
| Q4 25 | $323.1M | $201.7M | ||
| Q3 25 | $303.6M | $162.9M | ||
| Q2 25 | $297.1M | $152.6M | ||
| Q1 25 | $299.5M | $134.3M | ||
| Q4 24 | $316.7M | $200.9M | ||
| Q3 24 | $295.1M | $258.9M | ||
| Q2 24 | $290.3M | $186.2M | ||
| Q1 24 | $295.1M | $155.5M |
净利润CSGSGPRO
| Q4 25 | $7.0M | — | ||
| Q3 25 | $20.5M | $-21.3M | ||
| Q2 25 | $12.3M | $-16.4M | ||
| Q1 25 | $16.1M | $-46.7M | ||
| Q4 24 | $34.5M | — | ||
| Q3 24 | $19.1M | $-8.2M | ||
| Q2 24 | $13.8M | $-47.8M | ||
| Q1 24 | $19.5M | $-339.1M |
毛利率CSGSGPRO
| Q4 25 | 50.0% | 31.8% | ||
| Q3 25 | 48.1% | 35.1% | ||
| Q2 25 | 49.5% | 35.8% | ||
| Q1 25 | 48.4% | 32.1% | ||
| Q4 24 | 51.3% | 34.7% | ||
| Q3 24 | 49.4% | 35.5% | ||
| Q2 24 | 47.3% | 30.5% | ||
| Q1 24 | 46.5% | 34.1% |
营业利润率CSGSGPRO
| Q4 25 | 9.0% | -4.1% | ||
| Q3 25 | 10.0% | -9.8% | ||
| Q2 25 | 10.0% | -9.2% | ||
| Q1 25 | 9.8% | -33.7% | ||
| Q4 24 | 13.4% | -19.5% | ||
| Q3 24 | 10.8% | -3.1% | ||
| Q2 24 | 8.8% | -25.0% | ||
| Q1 24 | 10.8% | -26.6% |
净利率CSGSGPRO
| Q4 25 | 2.2% | — | ||
| Q3 25 | 6.7% | -13.0% | ||
| Q2 25 | 4.1% | -10.8% | ||
| Q1 25 | 5.4% | -34.8% | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 6.5% | -3.2% | ||
| Q2 24 | 4.8% | -25.7% | ||
| Q1 24 | 6.6% | -218.1% |
每股收益（稀释后）CSGSGPRO
| Q4 25 | $0.24 | $-0.06 | ||
| Q3 25 | $0.73 | $-0.13 | ||
| Q2 25 | $0.44 | $-0.10 | ||
| Q1 25 | $0.57 | $-0.30 | ||
| Q4 24 | $1.20 | $-0.22 | ||
| Q3 24 | $0.67 | $-0.05 | ||
| Q2 24 | $0.48 | $-0.31 | ||
| Q1 24 | $0.68 | $-2.24 |
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 | $49.7M |
| 总债务越低越好 | $539.5M | $44.3M |
| 股东权益账面价值 | $283.7M | $76.5M |
| 总资产 | $1.5B | $428.0M |
| 负债/权益比越低杠杆越低 | 1.90× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资CSGSGPRO
| Q4 25 | $180.0M | $49.7M | ||
| Q3 25 | $158.4M | $152.8M | ||
| Q2 25 | $145.9M | $58.6M | ||
| Q1 25 | $136.0M | $69.6M | ||
| Q4 24 | $161.8M | $102.8M | ||
| Q3 24 | $118.4M | $130.2M | ||
| Q2 24 | $110.4M | $133.0M | ||
| Q1 24 | $120.8M | $133.7M |
总债务CSGSGPRO
| Q4 25 | $539.5M | $44.3M | ||
| Q3 25 | $538.6M | $43.9M | ||
| Q2 25 | $537.8M | — | ||
| Q1 25 | $537.6M | — | ||
| Q4 24 | $538.5M | $0 | ||
| Q3 24 | $539.5M | $93.1M | ||
| Q2 24 | $540.5M | $92.9M | ||
| Q1 24 | $541.5M | $92.7M |
股东权益CSGSGPRO
| Q4 25 | $283.7M | $76.5M | ||
| Q3 25 | $289.5M | $80.5M | ||
| Q2 25 | $290.7M | $97.9M | ||
| Q1 25 | $283.1M | $110.0M | ||
| Q4 24 | $282.6M | $151.7M | ||
| Q3 24 | $288.4M | $183.9M | ||
| Q2 24 | $273.3M | $184.7M | ||
| Q1 24 | $269.3M | $224.9M |
总资产CSGSGPRO
| Q4 25 | $1.5B | $428.0M | ||
| Q3 25 | $1.5B | $538.6M | ||
| Q2 25 | $1.4B | $439.0M | ||
| Q1 25 | $1.4B | $462.5M | ||
| Q4 24 | $1.5B | $543.7M | ||
| Q3 24 | $1.4B | $661.6M | ||
| Q2 24 | $1.4B | $556.8M | ||
| Q1 24 | $1.3B | $575.8M |
负债/权益比CSGSGPRO
| Q4 25 | 1.90× | 0.58× | ||
| Q3 25 | 1.86× | 0.55× | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 1.91× | 0.00× | ||
| Q3 24 | 1.87× | 0.51× | ||
| Q2 24 | 1.98× | 0.50× | ||
| Q1 24 | 2.01× | 0.41× |
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 | $15.6M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $15.0M |
| 自由现金流率自由现金流/营收 | 17.3% | 7.4% |
| 资本支出强度资本支出/营收 | 1.1% | 0.3% |
| 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 | $-24.0M |
8季度趋势，按日历期对齐
经营现金流CSGSGPRO
| Q4 25 | $59.2M | $15.6M | ||
| Q3 25 | $47.9M | $12.2M | ||
| Q2 25 | $37.3M | $8.8M | ||
| Q1 25 | $11.5M | $-57.2M | ||
| Q4 24 | $82.5M | $-25.1M | ||
| Q3 24 | $39.5M | $-2.2M | ||
| Q2 24 | $43.1M | $605.0K | ||
| Q1 24 | $-29.4M | $-98.4M |
自由现金流CSGSGPRO
| Q4 25 | $55.8M | $15.0M | ||
| Q3 25 | $43.9M | $11.2M | ||
| Q2 25 | $34.6M | $8.3M | ||
| Q1 25 | $7.1M | $-58.5M | ||
| Q4 24 | $76.6M | $-25.5M | ||
| Q3 24 | $32.0M | $-4.2M | ||
| Q2 24 | $38.8M | $-111.0K | ||
| Q1 24 | $-34.1M | $-99.4M |
自由现金流率CSGSGPRO
| Q4 25 | 17.3% | 7.4% | ||
| Q3 25 | 14.5% | 6.9% | ||
| Q2 25 | 11.6% | 5.4% | ||
| Q1 25 | 2.4% | -43.5% | ||
| Q4 24 | 24.2% | -12.7% | ||
| Q3 24 | 10.8% | -1.6% | ||
| Q2 24 | 13.4% | -0.1% | ||
| Q1 24 | -11.6% | -63.9% |
资本支出强度CSGSGPRO
| Q4 25 | 1.1% | 0.3% | ||
| Q3 25 | 1.3% | 0.6% | ||
| Q2 25 | 0.9% | 0.3% | ||
| Q1 25 | 1.5% | 1.0% | ||
| Q4 24 | 1.9% | 0.2% | ||
| Q3 24 | 2.5% | 0.8% | ||
| Q2 24 | 1.5% | 0.4% | ||
| Q1 24 | 1.6% | 0.6% |
现金转化率CSGSGPRO
| Q4 25 | 8.46× | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 3.04× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 2.39× | — | ||
| 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% |
GPRO
| Subscription And Services | $106.3M | 53% |
| Other | $95.4M | 47% |
