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VinFast Auto Ltd.（VFS）与微博公司（WB）财务数据对比。点击上方公司名可切换其他公司
微博公司的季度营收约是VinFast Auto Ltd.的1.8倍（$1.3B vs $718.6M），微博公司净利率更高（35.7% vs -2.8%，领先38.5%）
VinFast Auto Ltd.是越南跨国汽车企业，由越南最大私营综合企业集团之一Vingroup创立。Vingroup由越南知名企业家潘日旺创办，业务覆盖地产、零售、医疗、科技等多个领域，是越南本土头部企业集团。
微博公司是中国知名的社交网络企业，旗下运营的新浪微博是国内极具影响力的微博客平台，公司总部位于中国北京，为数以亿计的用户提供社交互动、资讯传播、内容创作等多元互联网服务。
VFS vs WB — 直观对比
营收规模更大
WB
是对方的1.8倍
$718.6M
净利率更高
WB
高出38.5%
-2.8%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $718.6M | $1.3B |
| 净利润 | $-20.0M | $458.3M |
| 毛利率 | — | — |
| 营业利润率 | -96.1% | 29.1% |
| 净利率 | -2.8% | 35.7% |
| 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VFSWB
| Q3 25 | $718.6M | $1.3B | ||
| Q2 25 | $663.0M | $841.7M | ||
| Q1 25 | $656.5M | $396.9M | ||
| Q3 24 | $511.6M | $1.3B | ||
| Q2 24 | — | $833.4M | ||
| Q1 24 | $302.6M | $395.5M | ||
| Q3 23 | — | $1.3B | ||
| Q2 23 | — | $854.0M |
净利润VFSWB
| Q3 25 | $-20.0M | $458.3M | ||
| Q2 25 | $-51.8M | $234.8M | ||
| Q1 25 | $-26.1M | $108.1M | ||
| Q3 24 | $-10.4M | $297.4M | ||
| Q2 24 | — | $164.6M | ||
| Q1 24 | $-618.3M | $51.1M | ||
| Q3 23 | — | $268.8M | ||
| Q2 23 | — | $188.6M |
营业利润率VFSWB
| Q3 25 | -96.1% | 29.1% | ||
| Q2 25 | -79.0% | 30.4% | ||
| Q1 25 | -74.0% | 27.8% | ||
| Q3 24 | -65.9% | 29.0% | ||
| Q2 24 | — | 28.2% | ||
| Q1 24 | -139.4% | 25.2% | ||
| Q3 23 | — | 27.3% | ||
| Q2 23 | — | 25.8% |
净利率VFSWB
| Q3 25 | -2.8% | 35.7% | ||
| Q2 25 | -7.8% | 27.9% | ||
| Q1 25 | -4.0% | 27.2% | ||
| Q3 24 | -2.0% | 22.9% | ||
| Q2 24 | — | 19.8% | ||
| Q1 24 | -204.3% | 12.9% | ||
| Q3 23 | — | 20.7% | ||
| Q2 23 | — | 22.1% |
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 | $8.8M | $1.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $3.9B |
| 总资产 | $183.2M | $6.9B |
| 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VFSWB
| Q3 25 | $8.8M | $1.1B | ||
| Q2 25 | $650.0M | $1.2B | ||
| Q1 25 | $2.4M | $1.2B | ||
| Q3 24 | $1.9M | — | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | $3.0M | $2.1B | ||
| Q3 23 | — | $2.8B | ||
| Q2 23 | — | $2.4B |
股东权益VFSWB
| Q3 25 | — | $3.9B | ||
| Q2 25 | $-7.2B | $3.6B | ||
| Q1 25 | — | $3.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $3.4B | ||
| Q1 24 | — | $3.3B | ||
| Q3 23 | — | $3.2B | ||
| Q2 23 | — | $3.1B |
总资产VFSWB
| Q3 25 | $183.2M | $6.9B | ||
| Q2 25 | $7.2B | $6.5B | ||
| Q1 25 | $158.2M | $6.7B | ||
| Q3 24 | $151.8M | — | ||
| Q2 24 | — | $7.1B | ||
| Q1 24 | $145.6M | $7.3B | ||
| Q3 23 | — | $6.7B | ||
| Q2 23 | — | $6.9B |
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
VFS
| Sales of vehicles | $662.9M | 92% |
| Sales of spare parts and components | $41.3M | 6% |
| Revenue from leasing activities | $12.3M | 2% |
| Finance income | $2.4M | 0% |
| Rendering of services | $1.2M | 0% |
WB
| Income from operations | $373.2M | 29% |
| Shares used in computing diluted net income per share attributable to Weibos shareholders | $268.1M | 21% |
| Shares used in computing basic net income per share attributable to Weibos shareholders | $238.6M | 19% |
| Value-added services | $186.1M | 14% |
| Less: Income tax expenses | $113.2M | 9% |
| Investment related income, net | $45.0M | 4% |
| Product development | $16.7M | 1% |
| General and administrative | $10.6M | 1% |
| Sales and marketing | $7.1M | 1% |
| Accretion to redeemable non-controlling interests | $3.0M | 0% |
