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美格纳半导体（MX）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美格纳半导体的1.1倍（$43.2M vs $40.6M），万物新生净利率更高（16.9% vs -19.9%，领先36.8%）
美格纳半导体是一家全球化半导体设计制造企业，核心产品涵盖显示驱动芯片、电源管理芯片及传感器解决方案，广泛服务消费电子、汽车、工业、通信等领域的全球头部客户。
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。
MX vs RERE — 直观对比
营收规模更大
RERE
是对方的1.1倍
$40.6M
净利率更高
RERE
高出36.8%
-19.9%
损益表 — Q4 FY2025 vs Q1 FY2023
| 指标 | | |
|---|---|---|
| 营收 | $40.6M | $43.2M |
| 净利润 | $-8.1M | $7.3M |
| 毛利率 | 9.3% | — |
| 营业利润率 | -26.1% | — |
| 净利率 | -19.9% | 16.9% |
| 营收同比 | -20.7% | — |
| 净利润同比 | 50.4% | — |
| 每股收益（稀释后） | $-0.23 | — |
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MXRERE
| Q4 25 | $40.6M | — | ||
| Q3 25 | $45.9M | — | ||
| Q2 25 | $47.6M | — | ||
| Q1 25 | $44.7M | — | ||
| Q4 24 | $51.2M | — | ||
| Q3 24 | $55.4M | — | ||
| Q2 24 | $46.4M | — | ||
| Q1 24 | $43.4M | — |
净利润MXRERE
| Q4 25 | $-8.1M | — | ||
| Q3 25 | $-13.1M | — | ||
| Q2 25 | $323.0K | — | ||
| Q1 25 | $-8.9M | — | ||
| Q4 24 | $-16.3M | — | ||
| Q3 24 | $-9.6M | — | ||
| Q2 24 | $-13.0M | — | ||
| Q1 24 | $-15.4M | — |
毛利率MXRERE
| Q4 25 | 9.3% | — | ||
| Q3 25 | 18.6% | — | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 20.9% | — | ||
| Q4 24 | 21.7% | — | ||
| Q3 24 | 20.8% | — | ||
| Q2 24 | 21.1% | — | ||
| Q1 24 | 14.6% | — |
营业利润率MXRERE
| Q4 25 | -26.1% | — | ||
| Q3 25 | -25.1% | — | ||
| Q2 25 | -15.6% | — | ||
| Q1 25 | -14.1% | — | ||
| Q4 24 | -12.5% | — | ||
| Q3 24 | -8.1% | — | ||
| Q2 24 | -12.3% | — | ||
| Q1 24 | -21.6% | — |
净利率MXRERE
| Q4 25 | -19.9% | — | ||
| Q3 25 | -28.5% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | -19.9% | — | ||
| Q4 24 | -31.8% | — | ||
| Q3 24 | -17.3% | — | ||
| Q2 24 | -28.0% | — | ||
| Q1 24 | -35.5% | — |
每股收益（稀释后）MXRERE
| Q4 25 | $-0.23 | — | ||
| Q3 25 | $-0.36 | — | ||
| Q2 25 | $0.01 | — | ||
| Q1 25 | $-0.24 | — | ||
| Q4 24 | $-0.44 | — | ||
| Q3 24 | $-0.26 | — | ||
| Q2 24 | $-0.34 | — | ||
| Q1 24 | $-0.40 | — |
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 | $103.8M | $228.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $248.3M | $557.1M |
| 总资产 | $351.5M | $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MXRERE
| Q4 25 | $103.8M | — | ||
| Q3 25 | $108.0M | — | ||
| Q2 25 | $113.3M | — | ||
| Q1 25 | $132.7M | — | ||
| Q4 24 | $138.6M | — | ||
| Q3 24 | $151.1M | — | ||
| Q2 24 | $162.5M | — | ||
| Q1 24 | $171.6M | — |
股东权益MXRERE
| Q4 25 | $248.3M | — | ||
| Q3 25 | $255.3M | — | ||
| Q2 25 | $270.2M | — | ||
| Q1 25 | $269.2M | — | ||
| Q4 24 | $276.8M | — | ||
| Q3 24 | $299.6M | — | ||
| Q2 24 | $305.8M | — | ||
| Q1 24 | $321.9M | — |
总资产MXRERE
| Q4 25 | $351.5M | — | ||
| Q3 25 | $359.6M | — | ||
| Q2 25 | $370.5M | — | ||
| Q1 25 | $373.9M | — | ||
| Q4 24 | $379.3M | — | ||
| Q3 24 | $411.4M | — | ||
| Q2 24 | $412.7M | — | ||
| Q1 24 | $426.2M | — |
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 | $5.4M | — |
| 自由现金流经营现金流 - 资本支出 | $-4.8M | — |
| 自由现金流率自由现金流/营收 | -11.9% | — |
| 资本支出强度资本支出/营收 | 25.3% | — |
| 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 | $-54.2M | — |
8季度趋势，按日历期对齐
经营现金流MXRERE
| Q4 25 | $5.4M | — | ||
| Q3 25 | $162.0K | — | ||
| Q2 25 | $-25.1M | — | ||
| Q1 25 | $-4.7M | — | ||
| Q4 24 | $11.9M | — | ||
| Q3 24 | $-12.9M | — | ||
| Q2 24 | $-1.1M | — | ||
| Q1 24 | $-4.0M | — |
自由现金流MXRERE
| Q4 25 | $-4.8M | — | ||
| Q3 25 | $-7.5M | — | ||
| Q2 25 | $-37.0M | — | ||
| Q1 25 | $-4.9M | — | ||
| Q4 24 | $4.4M | — | ||
| Q3 24 | $-15.5M | — | ||
| Q2 24 | $-2.0M | — | ||
| Q1 24 | $-4.6M | — |
自由现金流率MXRERE
| Q4 25 | -11.9% | — | ||
| Q3 25 | -16.3% | — | ||
| Q2 25 | -77.7% | — | ||
| Q1 25 | -10.9% | — | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | -28.0% | — | ||
| Q2 24 | -4.3% | — | ||
| Q1 24 | -10.7% | — |
资本支出强度MXRERE
| Q4 25 | 25.3% | — | ||
| Q3 25 | 16.7% | — | ||
| Q2 25 | 24.9% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 14.5% | — | ||
| Q3 24 | 4.7% | — | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | 1.5% | — |
现金转化率MXRERE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -77.81× | — | ||
| 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
业务分部营收拆解
MX
| Power Analog Solutions | $36.8M | 91% |
| Power Ic | $3.8M | 9% |
RERE
暂无分部数据
