vs
南玻集团（CSGS）与Lucid Group, Inc.（LCID）财务数据对比。点击上方公司名可切换其他公司
Lucid Group, Inc.的季度营收约是南玻集团的1.6倍（$522.7M vs $323.1M），南玻集团净利率更高（2.2% vs -155.7%，领先157.9%），Lucid Group, Inc.同比增速更快（122.9% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $-1.2B），过去两年Lucid Group, Inc.的营收复合增速更高（74.0% 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。
Lucid Group, Inc.是总部位于美国加利福尼亚州纽瓦克的汽车科技企业，专注于电动汽车制造及先进电动汽车动力系统供应。2021年9月，公司在亚利桑那州卡萨格兰德的工厂开始生产Lucid Air豪华轿车，第二款车型Lucid Gravity SUV于2024年12月投产，同时也为阿斯顿·马丁等其他车企供应和研发动力总成技术。
CSGS vs LCID — 直观对比
营收规模更大
LCID
是对方的1.6倍
$323.1M
营收增速更快
LCID
高出120.9%
2.0%
净利率更高
CSGS
高出157.9%
-155.7%
自由现金流更多
CSGS
多$1.3B
$-1.2B
两年增速更快
LCID
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $522.7M |
| 净利润 | $7.0M | $-814.0M |
| 毛利率 | 50.0% | -80.7% |
| 营业利润率 | 9.0% | -203.7% |
| 净利率 | 2.2% | -155.7% |
| 营收同比 | 2.0% | 122.9% |
| 净利润同比 | -79.7% | -104.9% |
| 每股收益（稀释后） | $0.24 | $-8.26 |
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CSGSLCID
| Q4 25 | $323.1M | $522.7M | ||
| Q3 25 | $303.6M | $336.6M | ||
| Q2 25 | $297.1M | $259.4M | ||
| Q1 25 | $299.5M | $235.0M | ||
| Q4 24 | $316.7M | $234.5M | ||
| Q3 24 | $295.1M | $200.0M | ||
| Q2 24 | $290.3M | $200.6M | ||
| Q1 24 | $295.1M | $172.7M |
净利润CSGSLCID
| Q4 25 | $7.0M | $-814.0M | ||
| Q3 25 | $20.5M | $-978.4M | ||
| Q2 25 | $12.3M | $-539.4M | ||
| Q1 25 | $16.1M | $-366.2M | ||
| Q4 24 | $34.5M | $-397.2M | ||
| Q3 24 | $19.1M | $-992.5M | ||
| Q2 24 | $13.8M | $-643.4M | ||
| Q1 24 | $19.5M | $-680.9M |
毛利率CSGSLCID
| Q4 25 | 50.0% | -80.7% | ||
| Q3 25 | 48.1% | -99.1% | ||
| Q2 25 | 49.5% | -105.0% | ||
| Q1 25 | 48.4% | -97.2% | ||
| Q4 24 | 51.3% | -89.0% | ||
| Q3 24 | 49.4% | -106.2% | ||
| Q2 24 | 47.3% | -134.5% | ||
| Q1 24 | 46.5% | -134.3% |
营业利润率CSGSLCID
| Q4 25 | 9.0% | -203.7% | ||
| Q3 25 | 10.0% | -279.9% | ||
| Q2 25 | 10.0% | -309.5% | ||
| Q1 25 | 9.8% | -294.4% | ||
| Q4 24 | 13.4% | -312.6% | ||
| Q3 24 | 10.8% | -385.2% | ||
| Q2 24 | 8.8% | -392.6% | ||
| Q1 24 | 10.8% | -422.6% |
净利率CSGSLCID
| Q4 25 | 2.2% | -155.7% | ||
| Q3 25 | 6.7% | -290.7% | ||
| Q2 25 | 4.1% | -207.9% | ||
| Q1 25 | 5.4% | -155.8% | ||
| Q4 24 | 10.9% | -169.4% | ||
| Q3 24 | 6.5% | -496.1% | ||
| Q2 24 | 4.8% | -320.8% | ||
| Q1 24 | 6.6% | -394.2% |
每股收益（稀释后）CSGSLCID
| Q4 25 | $0.24 | $-8.26 | ||
| Q3 25 | $0.73 | $-3.31 | ||
| Q2 25 | $0.44 | $-0.28 | ||
| Q1 25 | $0.57 | $-0.24 | ||
| Q4 24 | $1.20 | $-0.20 | ||
| Q3 24 | $0.67 | $-0.41 | ||
| Q2 24 | $0.48 | $-0.34 | ||
| Q1 24 | $0.68 | $-0.30 |
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 | $1.6B |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $717.3M |
| 总资产 | $1.5B | $8.4B |
| 负债/权益比越低杠杆越低 | 1.90× | — |
8季度趋势，按日历期对齐
现金及短期投资CSGSLCID
| Q4 25 | $180.0M | $1.6B | ||
| Q3 25 | $158.4M | $2.3B | ||
| Q2 25 | $145.9M | $2.8B | ||
| Q1 25 | $136.0M | $3.6B | ||
| Q4 24 | $161.8M | $4.0B | ||
| Q3 24 | $118.4M | $3.5B | ||
| Q2 24 | $110.4M | $3.2B | ||
| Q1 24 | $120.8M | $4.0B |
总债务CSGSLCID
| 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 | — | ||
| Q1 24 | $541.5M | — |
股东权益CSGSLCID
| Q4 25 | $283.7M | $717.3M | ||
| Q3 25 | $289.5M | $1.8B | ||
| Q2 25 | $290.7M | $2.4B | ||
| Q1 25 | $283.1M | $3.2B | ||
| Q4 24 | $282.6M | $3.9B | ||
| Q3 24 | $288.4M | $2.7B | ||
| Q2 24 | $273.3M | $3.5B | ||
| Q1 24 | $269.3M | $4.2B |
总资产CSGSLCID
| Q4 25 | $1.5B | $8.4B | ||
| Q3 25 | $1.5B | $8.8B | ||
| Q2 25 | $1.4B | $8.9B | ||
| Q1 25 | $1.4B | $9.2B | ||
| Q4 24 | $1.5B | $9.6B | ||
| Q3 24 | $1.4B | $8.5B | ||
| Q2 24 | $1.4B | $8.2B | ||
| Q1 24 | $1.3B | $8.9B |
负债/权益比CSGSLCID
| 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× | — | ||
| 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 | $-916.4M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $-1.2B |
| 自由现金流率自由现金流/营收 | 17.3% | -237.6% |
| 资本支出强度资本支出/营收 | 1.1% | 62.3% |
| 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 | $-3.8B |
8季度趋势，按日历期对齐
经营现金流CSGSLCID
| Q4 25 | $59.2M | $-916.4M | ||
| Q3 25 | $47.9M | $-756.6M | ||
| Q2 25 | $37.3M | $-830.2M | ||
| Q1 25 | $11.5M | $-428.6M | ||
| Q4 24 | $82.5M | $-533.1M | ||
| Q3 24 | $39.5M | $-462.8M | ||
| Q2 24 | $43.1M | $-507.0M | ||
| Q1 24 | $-29.4M | $-516.7M |
自由现金流CSGSLCID
| Q4 25 | $55.8M | $-1.2B | ||
| Q3 25 | $43.9M | $-955.5M | ||
| Q2 25 | $34.6M | $-1.0B | ||
| Q1 25 | $7.1M | $-589.9M | ||
| Q4 24 | $76.6M | $-824.8M | ||
| Q3 24 | $32.0M | $-622.5M | ||
| Q2 24 | $38.8M | $-741.3M | ||
| Q1 24 | $-34.1M | $-714.9M |
自由现金流率CSGSLCID
| Q4 25 | 17.3% | -237.6% | ||
| Q3 25 | 14.5% | -283.9% | ||
| Q2 25 | 11.6% | -390.4% | ||
| Q1 25 | 2.4% | -251.0% | ||
| Q4 24 | 24.2% | -351.8% | ||
| Q3 24 | 10.8% | -311.2% | ||
| Q2 24 | 13.4% | -369.6% | ||
| Q1 24 | -11.6% | -413.9% |
资本支出强度CSGSLCID
| Q4 25 | 1.1% | 62.3% | ||
| Q3 25 | 1.3% | 59.1% | ||
| Q2 25 | 0.9% | 70.4% | ||
| Q1 25 | 1.5% | 68.6% | ||
| Q4 24 | 1.9% | 124.4% | ||
| Q3 24 | 2.5% | 79.8% | ||
| Q2 24 | 1.5% | 116.8% | ||
| Q1 24 | 1.6% | 114.7% |
现金转化率CSGSLCID
| 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% |
LCID
| LCNRV | $287.2M | 55% |
| Other | $80.4M | 15% |
| Related Party | $74.4M | 14% |
| Regulatory Credits | $34.2M | 7% |
| Warranty Provision | $26.2M | 5% |
| Sale And Leaseback Transactions | $15.2M | 3% |
| Other International | $5.0M | 1% |
