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朗泽科技（LNZA）与万物新生（RERE）财务数据对比。点击上方公司名可切换其他公司
万物新生的季度营收约是朗泽科技的1.5倍（$43.2M vs $28.0M），万物新生净利率更高（16.9% vs -0.3%，领先17.2%）
朗泽科技是一家可持续生物科技企业，拥有专利碳回收技术，可将工业设施、制造厂等排放的废弃碳转化为低碳燃料、化学品及商用材料，业务覆盖全球，服务工业、能源、消费品等领域，助力合作企业降碳，推动循环经济发展。
万物新生集团（ATRenew Inc.）是中国领先的二手消费电子产品交易与服务平台运营商，核心业务覆盖数码产品回收、质检、翻新及售卖，运营有爱回收等知名品牌，服务覆盖个人消费者及企业客户，市场遍及国内及部分东南亚地区。
LNZA vs RERE — 直观对比
营收规模更大
RERE
是对方的1.5倍
$28.0M
净利率更高
RERE
高出17.2%
-0.3%
损益表 — Q4 FY2025 vs Q1 FY2023
| 指标 | | |
|---|---|---|
| 营收 | $28.0M | $43.2M |
| 净利润 | $-84.0K | $7.3M |
| 毛利率 | — | — |
| 营业利润率 | -0.7% | — |
| 净利率 | -0.3% | 16.9% |
| 营收同比 | 132.7% | — |
| 净利润同比 | 99.7% | — |
| 每股收益（稀释后） | $-23.01 | — |
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LNZARERE
| Q4 25 | $28.0M | — | ||
| Q3 25 | $9.3M | — | ||
| Q2 25 | $9.1M | — | ||
| Q1 25 | $9.5M | — | ||
| Q4 24 | $12.0M | — | ||
| Q3 24 | $9.9M | — | ||
| Q2 24 | $17.4M | — | ||
| Q1 24 | $10.2M | — |
净利润LNZARERE
| Q4 25 | $-84.0K | — | ||
| Q3 25 | $2.9M | — | ||
| Q2 25 | $-32.5M | — | ||
| Q1 25 | $-19.2M | — | ||
| Q4 24 | $-27.0M | — | ||
| Q3 24 | $-57.4M | — | ||
| Q2 24 | $-27.8M | — | ||
| Q1 24 | $-25.5M | — |
营业利润率LNZARERE
| Q4 25 | -0.7% | — | ||
| Q3 25 | -168.7% | — | ||
| Q2 25 | -354.9% | — | ||
| Q1 25 | -327.5% | — | ||
| Q4 24 | -224.6% | — | ||
| Q3 24 | -331.5% | — | ||
| Q2 24 | -131.2% | — | ||
| Q1 24 | -255.3% | — |
净利率LNZARERE
| Q4 25 | -0.3% | — | ||
| Q3 25 | 30.8% | — | ||
| Q2 25 | -357.8% | — | ||
| Q1 25 | -202.8% | — | ||
| Q4 24 | -224.4% | — | ||
| Q3 24 | -577.6% | — | ||
| Q2 24 | -160.0% | — | ||
| Q1 24 | -249.0% | — |
每股收益（稀释后）LNZARERE
| Q4 25 | $-23.01 | — | ||
| Q3 25 | $0.99 | — | ||
| Q2 25 | $-0.15 | — | ||
| Q1 25 | $-0.10 | — | ||
| Q4 24 | $-40.40 | — | ||
| Q3 24 | $-29.04 | — | ||
| Q2 24 | $-0.14 | — | ||
| Q1 24 | $-0.13 | — |
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 | $13.2M | $228.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-3.9M | $557.1M |
| 总资产 | $100.2M | $722.9M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LNZARERE
| Q4 25 | $13.2M | — | ||
| Q3 25 | $19.6M | — | ||
| Q2 25 | $37.4M | — | ||
| Q1 25 | $13.8M | — | ||
| Q4 24 | $43.5M | — | ||
| Q3 24 | $58.7M | — | ||
| Q2 24 | $62.2M | — | ||
| Q1 24 | $56.7M | — |
股东权益LNZARERE
| Q4 25 | $-3.9M | — | ||
| Q3 25 | $-5.0M | — | ||
| Q2 25 | $-25.2M | — | ||
| Q1 25 | $-1.2M | — | ||
| Q4 24 | $13.4M | — | ||
| Q3 24 | $13.6M | — | ||
| Q2 24 | $67.5M | — | ||
| Q1 24 | $91.8M | — |
总资产LNZARERE
| Q4 25 | $100.2M | — | ||
| Q3 25 | $99.3M | — | ||
| Q2 25 | $116.3M | — | ||
| Q1 25 | $125.8M | — | ||
| Q4 24 | $174.7M | — | ||
| Q3 24 | $216.2M | — | ||
| Q2 24 | $211.9M | — | ||
| Q1 24 | $214.5M | — |
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 | $-6.2M | — |
| 自由现金流经营现金流 - 资本支出 | $-6.4M | — |
| 自由现金流率自由现金流/营收 | -22.8% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-66.1M | — |
8季度趋势，按日历期对齐
经营现金流LNZARERE
| Q4 25 | $-6.2M | — | ||
| Q3 25 | $-15.9M | — | ||
| Q2 25 | $-21.7M | — | ||
| Q1 25 | $-21.1M | — | ||
| Q4 24 | $-19.7M | — | ||
| Q3 24 | $-26.4M | — | ||
| Q2 24 | $-14.7M | — | ||
| Q1 24 | $-28.3M | — |
自由现金流LNZARERE
| Q4 25 | $-6.4M | — | ||
| Q3 25 | $-16.0M | — | ||
| Q2 25 | $-21.9M | — | ||
| Q1 25 | $-21.8M | — | ||
| Q4 24 | $-21.4M | — | ||
| Q3 24 | $-26.7M | — | ||
| Q2 24 | $-16.4M | — | ||
| Q1 24 | $-29.8M | — |
自由现金流率LNZARERE
| Q4 25 | -22.8% | — | ||
| Q3 25 | -172.9% | — | ||
| Q2 25 | -240.9% | — | ||
| Q1 25 | -230.0% | — | ||
| Q4 24 | -178.1% | — | ||
| Q3 24 | -268.8% | — | ||
| Q2 24 | -94.6% | — | ||
| Q1 24 | -290.6% | — |
资本支出强度LNZARERE
| Q4 25 | 0.8% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 7.5% | — | ||
| Q4 24 | 14.6% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | 10.3% | — | ||
| Q1 24 | 14.4% | — |
现金转化率LNZARERE
| Q4 25 | — | — | ||
| Q3 25 | -5.55× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
