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希尔威（SVM）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
世纪互联的季度营收约是希尔威的1.6倍（$362.7M vs $223.8M），希尔威净利率更高（-1.3% vs -10.7%，领先9.4%），过去两年希尔威的营收复合增速更高（87.6% vs 17.4%）
希尔威金属矿业是一家总部位于加拿大、核心业务布局中国的贵金属企业，专注于含银矿产资源的收购、勘探与开发，在银矿资源运营领域具备成熟的产业经验。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
SVM vs VNET — 直观对比
营收规模更大
VNET
是对方的1.6倍
$223.8M
净利率更高
SVM
高出9.4%
-10.7%
两年增速更快
SVM
近两年复合增速
17.4%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $223.8M | $362.7M |
| 净利润 | $-2.9M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | — | 0.5% |
| 净利率 | -1.3% | -10.7% |
| 营收同比 | — | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | — |
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SVMVNET
| Q4 25 | $223.8M | — | ||
| Q3 25 | — | $362.7M | ||
| Q2 25 | $72.2M | — | ||
| Q1 25 | — | $309.5M | ||
| Q4 24 | $172.5M | — | ||
| Q3 24 | $114.0M | $302.2M | ||
| Q2 24 | $60.0M | $274.4M | ||
| Q1 24 | — | $262.9M |
净利润SVMVNET
| Q4 25 | $-2.9M | — | ||
| Q3 25 | — | $-38.7M | ||
| Q2 25 | $28.1M | — | ||
| Q1 25 | — | $-2.4M | ||
| Q4 24 | $42.1M | — | ||
| Q3 24 | $28.0M | $-2.1M | ||
| Q2 24 | $13.2M | $-1.1M | ||
| Q1 24 | — | $-22.0M |
毛利率SVMVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% |
营业利润率SVMVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 30.5% | — | ||
| Q3 24 | 30.7% | 24.5% | ||
| Q2 24 | 30.0% | 0.2% | ||
| Q1 24 | — | 0.2% |
净利率SVMVNET
| Q4 25 | -1.3% | — | ||
| Q3 25 | — | -10.7% | ||
| Q2 25 | 39.0% | — | ||
| Q1 25 | — | -0.8% | ||
| Q4 24 | 24.4% | — | ||
| Q3 24 | 24.5% | -0.7% | ||
| Q2 24 | 22.0% | -0.4% | ||
| Q1 24 | — | -8.4% |
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 | — | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $890.8M |
| 总资产 | — | $6.1B |
| 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SVMVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $492.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $219.5M | ||
| Q2 24 | — | $247.2M | ||
| Q1 24 | — | $246.9M |
总债务SVMVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益SVMVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $890.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $927.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $902.9M | ||
| Q2 24 | — | $900.6M | ||
| Q1 24 | — | $895.1M |
总资产SVMVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $6.1B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.0B | ||
| Q1 24 | — | $3.9B |
负债/权益比SVMVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $107.9M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-193.1M |
| 自由现金流率自由现金流/营收 | — | -53.2% |
| 资本支出强度资本支出/营收 | — | 84.6% |
| 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 | — | $-589.7M |
8季度趋势，按日历期对齐
经营现金流SVMVNET
| Q4 25 | $107.9M | — | ||
| Q3 25 | — | $113.8M | ||
| Q2 25 | $40.0M | — | ||
| Q1 25 | — | $27.0M | ||
| Q4 24 | $81.3M | — | ||
| Q3 24 | $57.7M | $108.3M | ||
| Q2 24 | $28.9M | $55.8M | ||
| Q1 24 | — | $37.1M |
自由现金流SVMVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $33.8M | $-95.0M | ||
| Q2 24 | $17.0M | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率SVMVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | 29.6% | -31.4% | ||
| Q2 24 | 28.3% | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度SVMVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | 21.0% | 67.3% | ||
| Q2 24 | 19.8% | 50.1% | ||
| Q1 24 | — | 53.0% |
现金转化率SVMVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.42× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.93× | — | ||
| Q3 24 | 2.06× | — | ||
| Q2 24 | 2.19× | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
