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南玻集团（CSGS）与和黄医药（HCM）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和黄医药的1.2倍（$323.1M vs $270.8M），南玻集团净利率更高（2.2% vs 0.7%，领先1.4%），南玻集团同比增速更快（2.0% vs -16.5%），南玻集团自由现金流更多（$55.8M vs $3.4M）
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。
和黄医药是一家国际化生物制药企业，专注于肿瘤、免疫类疾病的靶向疗法与免疫疗法的研发、生产及商业化，核心市场覆盖中国及全球多个国家地区，已有多款肿瘤治疗药物上市，后期临床管线储备丰富。
CSGS vs HCM — 直观对比
营收规模更大
CSGS
是对方的1.2倍
$270.8M
营收增速更快
CSGS
高出18.6%
-16.5%
净利率更高
CSGS
高出1.4%
0.7%
自由现金流更多
CSGS
多$52.5M
$3.4M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $270.8M |
| 净利润 | $7.0M | $2.0M |
| 毛利率 | 50.0% | 37.7% |
| 营业利润率 | 9.0% | -13.2% |
| 净利率 | 2.2% | 0.7% |
| 营收同比 | 2.0% | -16.5% |
| 净利润同比 | -79.7% | -83.6% |
| 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CSGSHCM
| Q4 25 | $323.1M | $270.8M | ||
| Q3 25 | $303.6M | — | ||
| Q2 25 | $297.1M | $277.7M | ||
| Q1 25 | $299.5M | $324.5M | ||
| Q4 24 | $316.7M | — | ||
| Q3 24 | $295.1M | — | ||
| Q2 24 | $290.3M | $305.7M | ||
| Q1 24 | $295.1M | — |
净利润CSGSHCM
| Q4 25 | $7.0M | $2.0M | ||
| Q3 25 | $20.5M | — | ||
| Q2 25 | $12.3M | $455.0M | ||
| Q1 25 | $16.1M | $11.9M | ||
| Q4 24 | $34.5M | — | ||
| Q3 24 | $19.1M | — | ||
| Q2 24 | $13.8M | $25.8M | ||
| Q1 24 | $19.5M | — |
毛利率CSGSHCM
| Q4 25 | 50.0% | 37.7% | ||
| Q3 25 | 48.1% | — | ||
| Q2 25 | 49.5% | 0.1% | ||
| Q1 25 | 48.4% | 48.0% | ||
| Q4 24 | 51.3% | — | ||
| Q3 24 | 49.4% | — | ||
| Q2 24 | 47.3% | 41.1% | ||
| Q1 24 | 46.5% | — |
营业利润率CSGSHCM
| Q4 25 | 9.0% | -13.2% | ||
| Q3 25 | 10.0% | — | ||
| Q2 25 | 10.0% | -1.3% | ||
| Q1 25 | 9.8% | -5.0% | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 8.8% | -9.0% | ||
| Q1 24 | 10.8% | — |
净利率CSGSHCM
| Q4 25 | 2.2% | 0.7% | ||
| Q3 25 | 6.7% | — | ||
| Q2 25 | 4.1% | 163.8% | ||
| Q1 25 | 5.4% | 3.7% | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 6.5% | — | ||
| Q2 24 | 4.8% | 8.4% | ||
| Q1 24 | 6.6% | — |
每股收益（稀释后）CSGSHCM
| Q4 25 | $0.24 | $0.00 | ||
| Q3 25 | $0.73 | — | ||
| Q2 25 | $0.44 | $0.52 | ||
| Q1 25 | $0.57 | $0.01 | ||
| Q4 24 | $1.20 | — | ||
| Q3 24 | $0.67 | — | ||
| Q2 24 | $0.48 | $0.03 | ||
| Q1 24 | $0.68 | — |
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 | $1.4B |
| 总债务越低越好 | $539.5M | $93.2M |
| 股东权益账面价值 | $283.7M | $1.2B |
| 总资产 | $1.5B | $1.8B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资CSGSHCM
| Q4 25 | $180.0M | $1.4B | ||
| Q3 25 | $158.4M | — | ||
| Q2 25 | $145.9M | $1.4B | ||
| Q1 25 | $136.0M | $836.1M | ||
| Q4 24 | $161.8M | — | ||
| Q3 24 | $118.4M | — | ||
| Q2 24 | $110.4M | $802.5M | ||
| Q1 24 | $120.8M | — |
总债务CSGSHCM
| Q4 25 | $539.5M | $93.2M | ||
| Q3 25 | $538.6M | — | ||
| Q2 25 | $537.8M | $93.4M | ||
| Q1 25 | $537.6M | $82.8M | ||
| Q4 24 | $538.5M | — | ||
| Q3 24 | $539.5M | — | ||
| Q2 24 | $540.5M | $82.1M | ||
| Q1 24 | $541.5M | — |
股东权益CSGSHCM
| Q4 25 | $283.7M | $1.2B | ||
| Q3 25 | $289.5M | — | ||
| Q2 25 | $290.7M | $1.2B | ||
| Q1 25 | $283.1M | $759.9M | ||
| Q4 24 | $282.6M | — | ||
| Q3 24 | $288.4M | — | ||
| Q2 24 | $273.3M | $740.1M | ||
| Q1 24 | $269.3M | — |
总资产CSGSHCM
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.4B | $1.8B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.3B | — |
负债/权益比CSGSHCM
| Q4 25 | 1.90× | 0.08× | ||
| Q3 25 | 1.86× | — | ||
| Q2 25 | 1.85× | 0.08× | ||
| Q1 25 | 1.90× | 0.11× | ||
| Q4 24 | 1.91× | — | ||
| Q3 24 | 1.87× | — | ||
| Q2 24 | 1.98× | 0.11× | ||
| Q1 24 | 2.01× | — |
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 | $8.2M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $3.4M |
| 自由现金流率自由现金流/营收 | 17.3% | 1.2% |
| 资本支出强度资本支出/营收 | 1.1% | 1.8% |
| 现金转化率经营现金流/净利润 | 8.46× | 4.21× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $-96.2M |
8季度趋势，按日历期对齐
经营现金流CSGSHCM
| Q4 25 | $59.2M | $8.2M | ||
| Q3 25 | $47.9M | — | ||
| Q2 25 | $37.3M | $-72.9M | ||
| Q1 25 | $11.5M | $40.3M | ||
| Q4 24 | $82.5M | — | ||
| Q3 24 | $39.5M | — | ||
| Q2 24 | $43.1M | $-39.8M | ||
| Q1 24 | $-29.4M | — |
自由现金流CSGSHCM
| Q4 25 | $55.8M | $3.4M | ||
| Q3 25 | $43.9M | — | ||
| Q2 25 | $34.6M | $-82.2M | ||
| Q1 25 | $7.1M | $32.5M | ||
| Q4 24 | $76.6M | — | ||
| Q3 24 | $32.0M | — | ||
| Q2 24 | $38.8M | $-49.9M | ||
| Q1 24 | $-34.1M | — |
自由现金流率CSGSHCM
| Q4 25 | 17.3% | 1.2% | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 11.6% | -29.6% | ||
| Q1 25 | 2.4% | 10.0% | ||
| Q4 24 | 24.2% | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 13.4% | -16.3% | ||
| Q1 24 | -11.6% | — |
资本支出强度CSGSHCM
| Q4 25 | 1.1% | 1.8% | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.9% | 3.3% | ||
| Q1 25 | 1.5% | 2.4% | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 1.5% | 3.3% | ||
| Q1 24 | 1.6% | — |
现金转化率CSGSHCM
| Q4 25 | 8.46× | 4.21× | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 3.04× | -0.16× | ||
| Q1 25 | 0.71× | 3.38× | ||
| Q4 24 | 2.39× | — | ||
| Q3 24 | 2.07× | — | ||
| Q2 24 | 3.12× | -1.54× | ||
| 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% |
HCM
暂无分部数据
