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南玻集团（CSGS）与Perella Weinberg Partners（PWP）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Perella Weinberg Partners的1.5倍（$323.1M vs $219.2M），Perella Weinberg Partners净利率更高（6.3% vs 2.2%，领先4.1%），南玻集团同比增速更快（2.0% vs -2.9%），南玻集团自由现金流更多（$55.8M vs $30.5M），过去两年Perella Weinberg Partners的营收复合增速更高（46.5% 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。
佩雷拉温伯格合伙公司是一家聚焦咨询业务的全球投资银行，核心为客户提供战略与财务领域的专业咨询服务，凭借深厚的行业经验和全球化资源网络，为各类企业的重要商业决策提供专业支持。
CSGS vs PWP — 直观对比
营收规模更大
CSGS
是对方的1.5倍
$219.2M
营收增速更快
CSGS
高出4.9%
-2.9%
净利率更高
PWP
高出4.1%
2.2%
自由现金流更多
CSGS
多$25.3M
$30.5M
两年增速更快
PWP
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $219.2M |
| 净利润 | $7.0M | $13.8M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 8.5% |
| 净利率 | 2.2% | 6.3% |
| 营收同比 | 2.0% | -2.9% |
| 净利润同比 | -79.7% | — |
| 每股收益（稀释后） | $0.24 | $0.11 |
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CSGSPWP
| Q4 25 | $323.1M | $219.2M | ||
| Q3 25 | $303.6M | $164.6M | ||
| Q2 25 | $297.1M | $155.3M | ||
| Q1 25 | $299.5M | $211.8M | ||
| Q4 24 | $316.7M | $225.7M | ||
| Q3 24 | $295.1M | $278.2M | ||
| Q2 24 | $290.3M | $272.0M | ||
| Q1 24 | $295.1M | $102.1M |
净利润CSGSPWP
| Q4 25 | $7.0M | $13.8M | ||
| Q3 25 | $20.5M | $6.0M | ||
| Q2 25 | $12.3M | $2.7M | ||
| Q1 25 | $16.1M | $17.3M | ||
| Q4 24 | $34.5M | — | ||
| Q3 24 | $19.1M | $16.4M | ||
| Q2 24 | $13.8M | $-66.0M | ||
| Q1 24 | $19.5M | $-35.8M |
毛利率CSGSPWP
| 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% | — | ||
| Q1 24 | 46.5% | — |
营业利润率CSGSPWP
| Q4 25 | 9.0% | 8.5% | ||
| Q3 25 | 10.0% | 5.4% | ||
| Q2 25 | 10.0% | 5.8% | ||
| Q1 25 | 9.8% | 5.5% | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 10.8% | 12.9% | ||
| Q2 24 | 8.8% | -30.2% | ||
| Q1 24 | 10.8% | -52.4% |
净利率CSGSPWP
| Q4 25 | 2.2% | 6.3% | ||
| Q3 25 | 6.7% | 3.6% | ||
| Q2 25 | 4.1% | 1.8% | ||
| Q1 25 | 5.4% | 8.2% | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 6.5% | 5.9% | ||
| Q2 24 | 4.8% | -24.3% | ||
| Q1 24 | 6.6% | -35.1% |
每股收益（稀释后）CSGSPWP
| Q4 25 | $0.24 | $0.11 | ||
| Q3 25 | $0.73 | $0.08 | ||
| Q2 25 | $0.44 | $0.04 | ||
| Q1 25 | $0.57 | $0.24 | ||
| Q4 24 | $1.20 | — | ||
| Q3 24 | $0.67 | $0.24 | ||
| Q2 24 | $0.48 | $-1.21 | ||
| Q1 24 | $0.68 | $-0.91 |
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 | $255.9M |
| 总债务越低越好 | $539.5M | — |
| 股东权益账面价值 | $283.7M | $-127.4M |
| 总资产 | $1.5B | $797.6M |
| 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CSGSPWP
| Q4 25 | $180.0M | $255.9M | ||
| Q3 25 | $158.4M | $185.5M | ||
| Q2 25 | $145.9M | $145.0M | ||
| Q1 25 | $136.0M | $111.2M | ||
| Q4 24 | $161.8M | $407.4M | ||
| Q3 24 | $118.4M | $335.1M | ||
| Q2 24 | $110.4M | $185.3M | ||
| Q1 24 | $120.8M | $156.7M |
总债务CSGSPWP
| 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CSGSPWP
| Q4 25 | $283.7M | $-127.4M | ||
| Q3 25 | $289.5M | $-302.4M | ||
| Q2 25 | $290.7M | $-318.4M | ||
| Q1 25 | $283.1M | $-323.1M | ||
| Q4 24 | $282.6M | $-421.4M | ||
| Q3 24 | $288.4M | $-360.8M | ||
| Q2 24 | $273.3M | $-283.0M | ||
| Q1 24 | $269.3M | $161.9M |
总资产CSGSPWP
| Q4 25 | $1.5B | $797.6M | ||
| Q3 25 | $1.5B | $650.2M | ||
| Q2 25 | $1.4B | $606.7M | ||
| Q1 25 | $1.4B | $570.5M | ||
| Q4 24 | $1.5B | $876.8M | ||
| Q3 24 | $1.4B | $810.9M | ||
| Q2 24 | $1.4B | $645.5M | ||
| Q1 24 | $1.3B | $583.6M |
负债/权益比CSGSPWP
| 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 | $34.8M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $30.5M |
| 自由现金流率自由现金流/营收 | 17.3% | 13.9% |
| 资本支出强度资本支出/营收 | 1.1% | 2.0% |
| 现金转化率经营现金流/净利润 | 8.46× | 2.52× |
| 过去12个月自由现金流最近4个季度 | $141.4M | $-34.1M |
8季度趋势，按日历期对齐
经营现金流CSGSPWP
| Q4 25 | $59.2M | $34.8M | ||
| Q3 25 | $47.9M | $59.2M | ||
| Q2 25 | $37.3M | $56.1M | ||
| Q1 25 | $11.5M | $-176.5M | ||
| Q4 24 | $82.5M | $223.4M | ||
| Q3 24 | $39.5M | $200.3M | ||
| Q2 24 | $43.1M | $90.0M | ||
| Q1 24 | $-29.4M | $-206.3M |
自由现金流CSGSPWP
| Q4 25 | $55.8M | $30.5M | ||
| Q3 25 | $43.9M | $57.6M | ||
| Q2 25 | $34.6M | $55.3M | ||
| Q1 25 | $7.1M | $-177.6M | ||
| Q4 24 | $76.6M | $207.0M | ||
| Q3 24 | $32.0M | $199.3M | ||
| Q2 24 | $38.8M | $83.7M | ||
| Q1 24 | $-34.1M | $-214.8M |
自由现金流率CSGSPWP
| Q4 25 | 17.3% | 13.9% | ||
| Q3 25 | 14.5% | 35.0% | ||
| Q2 25 | 11.6% | 35.6% | ||
| Q1 25 | 2.4% | -83.8% | ||
| Q4 24 | 24.2% | 91.7% | ||
| Q3 24 | 10.8% | 71.6% | ||
| Q2 24 | 13.4% | 30.8% | ||
| Q1 24 | -11.6% | -210.3% |
资本支出强度CSGSPWP
| Q4 25 | 1.1% | 2.0% | ||
| Q3 25 | 1.3% | 0.9% | ||
| Q2 25 | 0.9% | 0.5% | ||
| Q1 25 | 1.5% | 0.5% | ||
| Q4 24 | 1.9% | 7.3% | ||
| Q3 24 | 2.5% | 0.4% | ||
| Q2 24 | 1.5% | 2.3% | ||
| Q1 24 | 1.6% | 8.3% |
现金转化率CSGSPWP
| Q4 25 | 8.46× | 2.52× | ||
| Q3 25 | 2.34× | 9.85× | ||
| Q2 25 | 3.04× | 20.50× | ||
| Q1 25 | 0.71× | -10.18× | ||
| Q4 24 | 2.39× | — | ||
| Q3 24 | 2.07× | 12.23× | ||
| 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% |
PWP
暂无分部数据
