财务数据
金额单位:亿美元;每股数据:美元;股数:亿股。* 为推导值(如第四季度 = 全年 − 前三季度;半年报公司的下半年 = 全年 − 上半年),悬停任一数字可查看来源(XBRL 标签 / PDF 页码 / 计算公式)。
年度营收(亿美元)
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| FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 营业收入 | 593.9 | 627.6 | 708.5 | 719.6 | 778.7 | 790.2 | 630.5 | 542.3 | 531.0 | 528.5 |
年度利润(亿美元)
营业利润净利润
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| FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 营业利润 | 131.3 | 180.5 | 233.2 | 220.3 | 236.8 | 194.6 | 23.3 | 0.9 | -116.8 | -22.1 |
| 净利润 | 103.2 | 96.0 | 210.5 | 210.5 | 209.0 | 198.7 | 80.1 | 16.9 | -187.6 | -2.7 |
市盈率对比:表观 vs 实际(倍,按当前市值折算)
表观市盈率(账面口径)实际市盈率(主业口径)
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| FY22 | FY23 | TTM | |
|---|---|---|---|
| 表观市盈率(账面口径) | 39.3x | 186.3x | |
| 实际市盈率(主业口径) | 135.0x | 188.2x |
年度账面盈利 vs 实际主业盈利(亿美元,含 TTM)
账面净利润实际主业盈利
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| FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 账面净利润 | 103.2 | 96.0 | 210.5 | 210.5 | 209.0 | 198.7 | 80.1 | 16.9 | -187.6 | -2.7 | -120.3 |
| 实际主业盈利 | 104.7 | 85.2 | 210.5 | 192.8 | 197.3 | 178.1 | 23.3 | 1.1 | -112.0 | -3.3 | 16.7 |
年度利润率
毛利率营业利润率税后营业利润率净利率
查看数据表
| FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 毛利率 | 61.0% | 62.3% | 61.7% | 58.6% | 56.0% | 55.4% | 42.6% | 40.0% | 32.7% | 34.8% |
| 营业利润率 | 22.1% | 28.8% | 32.9% | 30.6% | 30.4% | 24.6% | 3.7% | 0.2% | -22.0% | -4.2% |
| 税后营业利润率 | 17.6% | 13.6% | 29.7% | 26.8% | 25.3% | 22.5% | -0.1% | |||
| 净利率 | 17.4% | 15.3% | 29.7% | 29.2% | 26.8% | 25.1% | 12.7% | 3.1% | -35.3% | -0.5% |
净利率受营业外收支影响大(营业外收支占税前利润:FY22 70.0%、FY23 87.8%、FY25 242.2%),这部分(投资收益、公允价值变动、利息等)不反映主业;看经营盈利用税后营业利润率(营业利润按当期有效税率扣税后 ÷ 营收)。
资本开支与自由现金流(亿美元)
资本开支自由现金流
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| FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 资本开支 | 96.2 | 117.8 | 151.8 | 162.1 | 142.6 | 187.3 | 248.4 | 257.5 | 239.4 | 146.5 |
| 自由现金流 | 121.8 | 103.3 | 142.5 | 169.3 | 216.1 | 107.2 | -94.1 | -142.8 | -156.6 | -49.5 |
年度ROE 与 ROIC
ROEROIC三年增量 ROIC
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| FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.2% | 14.1% | 29.2% | 27.7% | 26.4% | 22.5% | 8.1% | 1.6% | -18.3% | -0.3% |
| ROIC | 12.9% | 9.3% | 21.8% | 19.5% | 18.1% | -14.6% | -0.0% | |||
| 三年增量 ROIC | 7.0% | -11.0% | 31.8% | 50.9% |
FY2025 ROIC -0.0% = 税后营业利润(NOPAT)-0.4 亿美元 ÷ 投入资本 1,441.0 亿美元(杜邦拆解:税后营业利润率 -0.1% × 投入资本周转率 0.37x)。
年度税后营业利润(NOPAT)与投入资本(亿美元)
税后营业利润(NOPAT)投入资本
查看数据表
| FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 税后营业利润(NOPAT) | 104.7 | 85.2 | 210.5 | 192.8 | 197.3 | 178.1 | 24.1 | 2.0 | -200.4 | -0.4 |
| 投入资本 | 813.1 | 912.6 | 966.4 | 986.2 | 1,091 | 1,373 | 1,441 |
| 科目 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 利润表 | ||||||||||
| 营业收入IS_REVENUE | 593.9 | 627.6 | 708.5 | 719.6 | 778.7 | 790.2 | 630.5 | 542.3 | 531.0 | 528.5 |
| 营业成本IS_COGS | 231.5 | 236.6 | 271.1 | 298.2 | 342.6 | 352.1 | 361.9 | 325.2 | 357.6 | 344.8 |
| 毛利IS_GROSS_PROFIT | 362.3 | 391.0 | 437.4 | 421.4 | 436.1 | 438.2 | 268.7 | 217.1 | 173.4 | 183.8 |
| 研发费用IS_RND | 126.8 | 130.4 | 135.4 | 133.6 | 135.6 | 151.9 | 175.3 | 160.5 | 165.5 | 137.7 |
| 销售及管理费用IS_SGA | 83.8 | 74.5 | 69.5 | 63.5 | 61.8 | 65.4 | 70.0 | 56.3 | 55.1 | 46.2 |
| 营业费用IS_OPEX | 231.0 | 210.5 | 204.2 | 201.0 | 199.3 | 243.6 | 245.3 | 216.2 | 290.2 | 205.9 |
| 营业利润IS_OPERATING_PROFIT | 131.3 | 180.5 | 233.2 | 220.4 | 236.8 | 194.6 | 23.3 | 0.9 | -116.8 | -22.1 |
| 营业外收支净额IS_NONOPERATING | -7.0 | -3.5 | 1.3 | 4.8 | -5.0 | -4.8 | 11.7 | 6.3 | 2.3 | 32.6 |
| 税前利润IS_PRETAX_PROFIT | 129.4 | 203.5 | 233.2 | 240.6 | 250.8 | 217.0 | 77.7 | 7.6 | -112.1 | 15.6 |
| 所得税IS_TAX | 26.2 | 107.5 | 22.6 | 30.1 | 41.8 | 18.4 | -2.5 | -9.1 | 80.2 | 15.3 |
| 净利润IS_NET_PROFIT | 103.2 | 96.0 | 210.5 | 210.5 | 209.0 | 198.7 | 80.1 | 16.9 | -187.6 | -2.7 |
| 基本每股收益IS_EPS_BASIC | 2.18 | 2.04 | 4.57 | 4.77 | 4.98 | 4.89 | 1.95 | 0.40 | -4.38 | -0.06 |
| 摊薄每股收益IS_EPS_DILUTED | 2.12 | 1.99 | 4.48 | 4.71 | 4.94 | 4.86 | 1.94 | 0.40 | -4.38 | -0.06 |
| 基本加权股数IS_SHARES_BASIC | 47.30 | 47.01 | 46.11 | 44.17 | 41.99 | 40.59 | 41.08 | 41.90 | 42.80 | 45.30 |
| 摊薄加权股数IS_SHARES_DILUTED | 48.75 | 48.35 | 47.01 | 44.73 | 42.32 | 40.90 | 41.23 | 42.12 | 42.80 | 45.30 |
| 每股宣派股息IS_DPS_DECLARED | 1.46 | 0.74 | 0.38 | |||||||
| 资产负债表 | ||||||||||
| 总资产BS_TOTAL_ASSETS | 1,133.3 | 1,232.5 | 1,279.6 | 1,365.2 | 1,530.9 | 1,684.1 | 1,821.0 | 1,915.7 | 1,964.8 | 2,114.3 |
| 流动资产BS_CURRENT_ASSETS | 355.1 | 295.0 | 287.9 | 312.4 | 472.5 | 585.6 | 504.1 | 432.7 | 473.2 | 636.9 |
| 现金及等价物BS_CASH | 55.6 | 34.3 | 30.2 | 41.9 | 58.6 | 82.5 | 142.6 | |||
| 短期投资(有价证券/定期存款)BS_ST_INVESTMENTS | 32.2 | 18.1 | 27.9 | 10.8 | 22.9 | 244.3 | 171.9 | 179.6 | 138.1 | 231.5 |
| 应收账款BS_AR | 46.9 | 56.1 | 67.2 | 76.6 | 67.8 | 94.6 | 41.3 | 34.0 | 34.8 | 38.4 |
| 存货BS_INVENTORY | 55.5 | 69.8 | 72.5 | 87.4 | 84.3 | 107.8 | 132.2 | 111.3 | 122.0 | 116.2 |
| 固定资产净值BS_PPE_NET | 361.7 | 411.1 | 489.8 | 553.9 | 565.8 | 632.4 | 808.6 | 966.5 | 1,079.2 | 1,054.1 |
| 长期股权及金融资产投资BS_EQUITY_INVESTMENTS | 13.3 | 17.7 | 16.2 | 0.4 | 0.2 | 0.2 | 45.7 | 46.4 | 45.4 | 80.3 |
| 流动负债BS_CURRENT_LIABILITIES | 203.0 | 174.2 | 166.3 | 223.1 | 247.5 | 274.6 | 321.6 | 280.5 | 356.7 | 315.8 |
| 一年内到期借款BS_ST_DEBT | 46.3 | 17.8 | 12.6 | 36.9 | 25.0 | 45.9 | 43.7 | 22.9 | 37.3 | 25.0 |
| 应付账款BS_AP | 24.8 | 29.3 | 38.2 | 41.3 | 55.8 | 57.5 | 96.0 | 85.8 | 125.6 | 98.8 |
| 合同负债BS_CONTRACT_LIAB | 17.2 | 16.6 | 0.0 | |||||||
| 长期借款BS_LT_DEBT | 206.5 | 250.4 | 251.0 | 253.1 | 339.0 | 335.1 | 376.8 | 469.8 | 462.8 | 440.9 |
| 股东权益BS_TOTAL_EQUITY | 662.3 | 696.5 | 745.6 | 775.0 | 810.7 | 953.9 | 1,014.2 | 1,055.9 | 992.7 | 1,142.8 |
| 剩余履约义务(RPO)BS_RPO | 46.0 | 18.0 | ||||||||
| 夹层权益BS_MEZZANINE_EQUITY | 8.8 | 8.7 | 4.2 | 1.6 | 0.0 | |||||
| 少数股东权益BS_MINORITY_INTEREST | 0.0 | 18.6 | 43.8 | 57.6 | 120.8 | |||||
| 现金流量表 | ||||||||||
| 经营活动现金流CF_OPERATING | 218.1 | 221.1 | 294.3 | 331.4 | 358.6 | 294.6 | 154.3 | 114.7 | 82.9 | 97.0 |
| 折旧摊销CF_DEPRECIATION | 62.7 | 67.5 | 75.2 | 92.0 | 104.8 | 99.5 | 111.3 | 78.5 | 99.5 | 107.6 |
| 股权激励费用CF_SBC | 14.4 | 13.6 | 15.5 | 17.0 | 18.5 | 20.4 | 31.3 | 32.3 | 34.1 | 24.3 |
| 投资活动现金流CF_INVESTING | -157.6 | -112.4 | -144.0 | -215.2 | -242.8 | -102.3 | -240.4 | -182.6 | -148.2 | |
| 资本开支CF_CAPEX | 96.2 | 117.8 | 151.8 | 162.1 | 142.6 | 187.3 | 248.4 | 257.5 | 239.4 | 146.5 |
| 筹资活动现金流CF_FINANCING | -84.8 | -186.1 | -175.6 | -126.7 | -62.1 | 11.2 | 85.0 | 111.4 | 115.9 | |
| 偿还融资租赁本金CF_FINANCE_LEASE_PRINCIPAL | 0.0 | 0.0 | 3.4 | 1.0 | ||||||
| 派息CF_DIVIDEND | 49.2 | 50.7 | 55.4 | 55.8 | 55.7 | 56.4 | 60.0 | 30.9 | 16.0 | 0.0 |
| 回购CF_BUYBACK | 25.9 | 36.2 | 107.3 | 135.8 | 142.3 | 24.2 | 0.0 | 0.0 | ||
| 财务指标 | ||||||||||
| 毛利率GROSS_MARGIN | 61.0% | 62.3% | 61.7% | 58.6% | 56.0% | 55.4% | 42.6% | 40.0% | 32.7% | 34.8% |
| 营业利润率OPERATING_MARGIN | 22.1% | 28.8% | 32.9% | 30.6% | 30.4% | 24.6% | 3.7% | 0.2% | -22.0% | -4.2% |
| 净利率NET_MARGIN | 17.4% | 15.3% | 29.7% | 29.2% | 26.8% | 25.1% | 12.7% | 3.1% | -35.3% | -0.5% |
| 税后营业利润NOPAT | 104.7 | 85.2 | 210.5 | 192.8 | 197.3 | 178.1 | 24.1 | 2.0 | -200.4 | -0.4 |
| 税后营业利润率NOPAT_MARGIN | 17.6% | 13.6% | 29.7% | 26.8% | 25.3% | 22.5% | -0.1% | |||
| 投入资本INVESTED_CAPITAL | 813.2 | 912.6 | 966.4 | 986.2 | 1,091.0 | 1,373.0 | 1,441.0 | |||
| 投入资本周转率CAPITAL_TURNOVER | 0.73 | 0.69 | 0.73 | 0.73 | 0.71 | 0.39 | 0.37 | |||
| ROEROE | 16.2% | 14.1% | 29.2% | 27.7% | 26.4% | 22.5% | 8.1% | 1.6% | -18.3% | -0.3% |
| ROICROIC | 12.9% | 9.3% | 21.8% | 19.5% | 18.1% | -14.6% | -0.0% | |||
| 三年增量 ROICINCREMENTAL_ROIC_3Y | 7.0% | -11.0% | 31.8% | 50.9% | ||||||
| 经营现金流/净利润OCF_TO_PROFIT | 211.4% | 230.3% | 139.8% | 157.5% | 171.6% | 148.3% | 192.6% | 679.2% | -44.2% | -3631.8% |
| 应计比率ACCRUAL_RATIO | -10.1% | -10.1% | -6.5% | -8.9% | -9.8% | -5.7% | -4.1% | -5.1% | -13.8% | -4.7% |
| 营业外收支/税前利润NONOP_TO_PRETAX | -1.5% | 11.3% | 0.0% | 8.4% | 5.6% | 10.4% | 70.0% | 87.8% | 242.2% | |
| 自由现金流FCF | 121.8 | 103.3 | 142.5 | 169.3 | 216.0 | 107.2 | -94.1 | -142.8 | -156.6 | -49.5 |
| 自由现金流利润率FCF_MARGIN | 20.5% | 16.5% | 20.1% | 23.5% | 27.7% | 13.6% | -14.9% | -26.3% | -29.5% | -9.4% |
| 股权激励/营收SBC_TO_REVENUE | 2.4% | 2.2% | 2.2% | 2.4% | 2.4% | 2.6% | 5.0% | 6.0% | 6.4% | 4.6% |
| 扣股权激励自由现金流FCF_AFTER_SBC | 107.4 | 89.7 | 127.0 | 152.3 | 197.5 | 86.9 | -125.4 | -175.1 | -190.7 | -73.8 |
| 扣融资租赁本金自由现金流FCF_AFTER_LEASES | 216.0 | 107.2 | -97.6 | -143.8 | ||||||
| 资本开支/折旧摊销CAPEX_TO_DA | 1.54 | 1.74 | 2.02 | 1.76 | 1.36 | 1.88 | 2.23 | 3.28 | 2.41 | 1.36 |
| 固定资产周转率PPE_TURNOVER | 1.64 | 1.53 | 1.45 | 1.30 | 1.38 | 1.25 | 0.78 | 0.56 | 0.49 | 0.50 |
| 总资产周转率ASSET_TURNOVER | 0.55 | 0.53 | 0.56 | 0.54 | 0.54 | 0.49 | 0.36 | 0.29 | 0.27 | 0.26 |
| 权益乘数EQUITY_MULTIPLIER | 1.69 | 1.74 | 1.74 | 1.74 | 1.83 | 1.82 | 1.78 | 1.81 | 1.89 | 1.91 |
| 应收周转天数DSO | 28.8 | 32.6 | 34.6 | 38.8 | 31.8 | 43.7 | 23.9 | 22.9 | 23.9 | 26.5 |
| 存货周转天数DIO | 87.5 | 107.7 | 97.6 | 107.0 | 89.8 | 111.7 | 133.4 | 124.9 | 124.5 | 123.0 |
| 应付周转天数DPO | 39.0 | 45.2 | 51.5 | 50.5 | 59.5 | 59.6 | 96.8 | 96.3 | 128.2 | 104.6 |
| 现金转换周期CCC | 77.3 | 95.2 | 80.8 | 95.3 | 62.1 | 95.8 | 60.5 | 51.5 | 20.3 | 44.9 |
| 合同负债同比CONTRACT_LIAB_YOY | -21.5% | -3.6% | -100.0% | |||||||
| RPO 同比RPO_YOY | -60.9% | |||||||||
| 所有者盈余OWNER_EARNINGS | 155.4 | 153.6 | 219.1 | 239.4 | 253.8 | 195.0 | 43.0 | 36.2 | -16.6 | -10.6 |
| 股东回报(派息+回购)SHAREHOLDER_RETURN | 75.1 | 86.9 | 162.7 | 191.5 | 198.0 | 80.6 | 60.0 | 30.9 | 16.0 | 0.0 |
| 股东回报/自由现金流SHAREHOLDER_RETURN_TO_FCF | 61.7% | 84.1% | 114.2% | 113.1% | 91.6% | 75.2% | ||||
| 派息率PAYOUT_RATIO | 47.7% | 52.8% | 26.3% | 26.5% | 26.6% | 28.4% | 74.8% | 182.8% | -8.5% | -0.0% |
| 稀释率DILUTION_RATE | 3.1% | 2.9% | 2.0% | 1.3% | 0.8% | 0.8% | 0.4% | 0.5% | 0.0% | 0.0% |
| 摊薄股数同比SHARES_DILUTED_CHANGE | -0.4% | -0.8% | -2.8% | -4.8% | -5.4% | -3.4% | 0.8% | 2.2% | 1.6% | 5.8% |
| 摊薄 EPS 同比EPS_DILUTED_GROWTH | -9.0% | -6.1% | 125.1% | 5.1% | 4.9% | -1.6% | -60.1% | -79.4% | -1195.0% | |
勾稽校验(所示期间):0 项, 全部通过
季度营收(亿美元)
查看数据表
| 23Q4 | 24Q1 | 24Q2 | 24Q3 | 24Q4 | 25Q1 | 25Q2 | 25Q3 | 25Q4 | 26Q1 | 26Q2 | 26Q3 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 营业收入 | 154.1 | 127.2 | 128.3 | 132.8 | 142.6 | 126.7 | 128.6 | 136.5 | 136.7 | 135.8 | 161.3 | 165.1 |
季度利润(亿美元)
营业利润净利润
查看数据表
| 23Q4 | 24Q1 | 24Q2 | 24Q3 | 24Q4 | 25Q1 | 25Q2 | 25Q3 | 25Q4 | 26Q1 | 26Q2 | 26Q3 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 营业利润 | 25.9 | -10.7 | -19.6 | -90.6 | 4.1 | -3.0 | -31.8 | 6.8 | 5.8 | -31.4 | 18.0 | 25.2 |
| 净利润 | 26.7 | -3.8 | -16.1 | -166.4 | -1.3 | -8.2 | -29.2 | 40.6 | -5.9 | -37.3 | -110.3 | 33.2 |
滚动 TTM 市盈率对比:表观 vs 实际(倍,按当前市值折算)
表观市盈率(TTM)实际市盈率(TTM)
查看数据表
| 26Q3 | |
|---|---|
| 表观市盈率(TTM) | |
| 实际市盈率(TTM) | 188.2x |
季度账面盈利 vs 实际主业盈利(亿美元)
账面净利润实际主业盈利
查看数据表
| 23Q4 | 24Q1 | 24Q2 | 24Q3 | 24Q4 | 25Q1 | 25Q2 | 25Q3 | 25Q4 | 26Q1 | 26Q2 | 26Q3 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 账面净利润 | 26.7 | -3.8 | -16.1 | -166.4 | -1.3 | -8.2 | -29.2 | 40.6 | -5.9 | -37.3 | -110.3 | 33.2 |
| 实际主业盈利 | 24.8 | -10.1 | -19.2 | -87.1 | 4.4 | -2.4 | -30.7 | 4.3 | 3.2 | -25.8 | 16.1 | 20.3 |
季度利润率
毛利率营业利润率税后营业利润率净利率
查看数据表
| 23Q4 | 24Q1 | 24Q2 | 24Q3 | 24Q4 | 25Q1 | 25Q2 | 25Q3 | 25Q4 | 26Q1 | 26Q2 | 26Q3 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 毛利率 | 45.7% | 41.0% | 35.4% | 15.0% | 39.2% | 36.9% | 27.5% | 38.2% | 36.1% | 39.4% | 40.4% | 43.0% |
| 营业利润率 | 16.8% | -8.4% | -15.3% | -68.2% | 2.9% | -2.4% | -24.7% | 5.0% | 4.2% | -23.1% | 11.1% | 15.3% |
| 税后营业利润率 | 16.0% | 4.7% | 13.5% | |||||||||
| 净利率 | 17.3% | -3.0% | -12.5% | -125.3% | -0.9% | -6.5% | -22.7% | 29.8% | -4.3% | -27.5% | -68.4% | 20.1% |
净利率受营业外收支影响大(营业外收支占税前利润:24Q4 31.2%、25Q3 85.1%、25Q4 -71.6%、26Q3 36.7%),这部分(投资收益、公允价值变动、利息等)不反映主业;看经营盈利用税后营业利润率(营业利润按当期有效税率扣税后 ÷ 营收)。
资本开支与自由现金流(亿美元)
资本开支自由现金流
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| 23Q4 | 24Q1 | 24Q2 | 24Q3 | 24Q4 | 25Q1 | 25Q2 | 25Q3 | 25Q4 | 26Q1 | 26Q2 | 26Q3 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 资本开支 | 67.0 | 59.7 | 56.8 | 64.6 | 58.3 | 51.8 | 35.5 | 24.2 | 34.9 | 36.4 | 25.6 | 40.2 |
| 自由现金流 | -20.7 | -71.9 | -33.9 | -24.0 | -26.7 | -43.7 | -15.0 | 1.2 | 8.0 | -25.4 | 44.5 | 10.6 |
季度ROE 与 ROIC
ROEROIC
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| 23Q4 | 24Q1 | 24Q2 | 24Q3 | 24Q4 | 25Q1 | 25Q2 | 25Q3 | 25Q4 | 26Q1 | 26Q2 | 26Q3 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.5% | -0.4% | -1.4% | -16.7% | -0.1% | -0.8% | -3.0% | 3.8% | -0.5% | -3.3% | -12.6% | 2.9% |
| ROIC | -0.1% | -2.6% | 0.5% | -0.4% | -2.5% | 1.5% | 1.6% |
FY2026Q3 ROIC 1.6% = 税后营业利润(NOPAT)22.3 亿美元 ÷ 投入资本 1,393.8 亿美元(杜邦拆解:税后营业利润率 13.5% × 投入资本周转率 0.47x)。
季度税后营业利润(NOPAT)与投入资本(亿美元)
税后营业利润(NOPAT)投入资本
查看数据表
| 23Q4 | 24Q1 | 24Q2 | 24Q3 | 24Q4 | 25Q1 | 25Q2 | 25Q3 | 25Q4 | 26Q1 | 26Q2 | 26Q3 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 税后营业利润(NOPAT) | 24.7 | -6.5 | -16.2 | -169.3 | -1.1 | -4.6 | -34.7 | 6.4 | -5.7 | -34.0 | 18.0 | 22.3 |
| 投入资本 | 1,373 | 1,323 | 1,393 | 1,441 | 1,372 | 1,232 | 1,394 |
| 科目 | 23Q4 | 24Q1 | 24Q2 | 24Q3 | 24Q4 | 25Q1 | 25Q2 | 25Q3 | 25Q4 | 26Q1 | 26Q2 | 26Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 利润表 | ||||||||||||
| 营业收入IS_REVENUE | 154.1 | 127.2 | 128.3 | 132.8 | 142.6 | 126.7 | 128.6 | 136.5 | 136.7 | 135.8 | 161.3 | 165.1 |
| 营业成本IS_COGS | 83.6 | 75.1 | 82.9 | 112.9 | 86.8 | 80.0 | 93.2 | 84.4 | 87.3 | 82.3 | 96.2 | 94.2 |
| 毛利IS_GROSS_PROFIT | 70.5 | 52.2 | 45.5 | 20.0 | 55.8 | 46.7 | 35.4 | 52.2 | 49.4 | 53.5 | 65.1 | 71.0 |
| 研发费用IS_RND | 39.9 | 43.8 | 42.4 | 40.5 | 38.8 | 36.4 | 36.8 | 32.3 | 32.2 | 33.8 | 33.7 | 34.9 |
| 销售及管理费用IS_SGA | 16.2 | 15.6 | 13.3 | 13.8 | 12.4 | 11.8 | 11.4 | 11.3 | 11.7 | 10.4 | 11.8 | 10.3 |
| 营业费用IS_OPEX | 44.6 | 62.9 | 65.1 | 110.5 | 51.7 | 49.7 | 67.2 | 45.4 | 43.6 | 84.8 | 47.1 | 45.7 |
| 营业利润IS_OPERATING_PROFIT | 25.8 | -10.7 | -19.6 | -90.6 | 4.1 | -3.0 | -31.8 | 6.8 | 5.8 | -31.4 | 18.0 | 25.2 |
| 营业外收支净额IS_NONOPERATING | 1.2 | 1.4 | 0.8 | 1.3 | -1.3 | -1.7 | -1.0 | 36.7 | -1.4 | -7.4 | -125.8 | 11.3 |
| 税前利润IS_PRETAX_PROFIT | 27.9 | -7.2 | -20.0 | -90.9 | 6.0 | -5.9 | -27.7 | 45.7 | 3.4 | -39.5 | -108.2 | 39.8 |
| 所得税IS_TAX | 1.3 | -2.8 | -3.5 | 79.0 | 7.5 | 3.0 | 2.6 | 3.0 | 6.7 | 3.4 | 0.3 | 4.6 |
| 净利润IS_NET_PROFIT | 26.7 | -3.8 | -16.1 | -166.4 | -1.3 | -8.2 | -29.2 | 40.6 | -5.9 | -37.3 | -110.3 | 33.2 |
| 基本每股收益IS_EPS_BASIC | -0.09 | -0.38 | -3.88 | -0.19 | -0.67 | 0.90 | -0.73 | -2.16 | 0.63 | |||
| 摊薄每股收益IS_EPS_DILUTED | -0.09 | -0.38 | -3.88 | -0.19 | -0.67 | 0.90 | -0.73 | -2.16 | 0.60 | |||
| 基本加权股数IS_SHARES_BASIC | 42.42 | 42.67 | 42.92 | 43.43 | 43.69 | 45.14 | 50.83 | 51.04 | 52.44 | |||
| 摊薄加权股数IS_SHARES_DILUTED | 42.42 | 42.67 | 42.92 | 43.43 | 43.69 | 45.31 | 50.83 | 51.04 | 53.07 | |||
| 每股宣派股息IS_DPS_DECLARED | 0.13 | 0.13 | 0.13 | |||||||||
| 资产负债表 | ||||||||||||
| 总资产BS_TOTAL_ASSETS | 1,915.7 | 1,927.3 | 2,062.0 | 1,935.4 | 1,964.8 | 1,922.4 | 1,925.2 | 2,045.1 | 2,114.3 | 2,053.3 | 2,024.4 | 2,285.7 |
| 流动资产BS_CURRENT_ASSETS | 432.7 | 426.1 | 508.3 | 461.4 | 473.2 | 421.3 | 433.8 | 517.3 | 636.9 | 621.6 | 572.1 | 825.7 |
| 现金及等价物BS_CASH | 82.5 | 96.4 | 111.4 | 142.6 | 172.5 | 128.7 | 218.5 | |||||
| 短期投资(有价证券/定期存款)BS_ST_INVESTMENTS | 179.6 | 143.9 | 179.9 | 153.0 | 138.1 | 121.0 | 115.6 | 197.9 | 231.5 | 155.4 | 168.5 | 321.6 |
| 应收账款BS_AR | 34.0 | 33.2 | 31.3 | 31.2 | 34.8 | 30.6 | 23.6 | 32.0 | 38.4 | 40.7 | 40.3 | 40.9 |
| 存货BS_INVENTORY | 111.3 | 114.9 | 112.4 | 120.6 | 122.0 | 122.8 | 113.8 | 114.9 | 116.2 | 124.3 | 124.9 | 130.7 |
| 固定资产净值BS_PPE_NET | 966.5 | 999.2 | 1,034.0 | 1,042.5 | 1,079.2 | 1,097.6 | 1,095.1 | 1,050.5 | 1,054.1 | 1,044.6 | 1,057.4 | 1,053.1 |
| 长期股权及金融资产投资BS_EQUITY_INVESTMENTS | 46.4 | 0.0 | 0.0 | 0.0 | 45.4 | 44.9 | 49.2 | 81.0 | 80.3 | 81.6 | 81.6 | 84.9 |
| 流动负债BS_CURRENT_LIABILITIES | 280.5 | 272.1 | 320.3 | 351.6 | 356.7 | 321.7 | 349.7 | 323.0 | 315.8 | 268.8 | 356.7 | 374.0 |
| 一年内到期借款BS_ST_DEBT | 22.9 | 45.8 | 47.0 | 37.6 | 37.3 | 52.4 | 67.3 | 25.0 | 25.0 | 20.0 | 19.9 | 38.2 |
| 应付账款BS_AP | 85.8 | 85.6 | 96.2 | 110.7 | 125.6 | 109.0 | 106.7 | 102.7 | 98.8 | 71.6 | 87.6 | 88.3 |
| 长期借款BS_LT_DEBT | 469.8 | 478.7 | 483.3 | 464.7 | 462.8 | 449.1 | 440.3 | 440.6 | 440.9 | 430.3 | 485.5 | 463.2 |
| 股东权益BS_TOTAL_EQUITY | 1,055.9 | 1,059.7 | 1,152.3 | 995.3 | 992.7 | 997.6 | 978.8 | 1,063.8 | 1,142.8 | 1,113.9 | 875.4 | 1,149.1 |
| 少数股东权益BS_MINORITY_INTEREST | 43.8 | 47.8 | 52.0 | 53.3 | 57.6 | 66.6 | 78.7 | 103.5 | 120.8 | 136.0 | 156.0 | 166.4 |
| 现金流量表 | ||||||||||||
| 经营活动现金流CF_OPERATING | 46.2 | -12.2 | 22.9 | 40.5 | 31.6 | 8.1 | 20.5 | 25.5 | 42.9 | 11.0 | 70.1 | 50.8 |
| 折旧摊销CF_DEPRECIATION | 20.9 | 22.0 | 22.0 | 32.5 | 23.0 | 24.2 | 27.9 | 27.6 | 27.9 | 29.0 | 29.9 | 30.4 |
| 股权激励费用CF_SBC | 8.0 | 11.8 | 7.8 | 8.0 | 6.5 | 6.8 | 6.6 | 5.5 | 5.4 | 6.2 | 6.9 | 5.9 |
| 投资活动现金流CF_INVESTING | -53.2 | -25.6 | -91.6 | -27.6 | -37.6 | 0.8 | -20.9 | -62.5 | -65.7 | 30.9 | -37.6 | -195.9 |
| 资本开支CF_CAPEX | 67.0 | 59.7 | 56.8 | 64.6 | 58.3 | 51.8 | 35.5 | 24.2 | 34.9 | 36.4 | 25.6 | 40.2 |
| 筹资活动现金流CF_FINANCING | 1.5 | 36.3 | 112.4 | -37.9 | 0.6 | -2.0 | 7.8 | 51.5 | 58.5 | -12.1 | -73.4 | 233.1 |
| 偿还融资租赁本金CF_FINANCE_LEASE_PRINCIPAL | 0.0 | 0.0 | 0.0 | 0.0 | 0.9 | 1.2 | ||||||
| 派息CF_DIVIDEND | 5.3 | 5.3 | 5.3 | 5.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||
| 财务指标 | ||||||||||||
| 毛利率GROSS_MARGIN | 45.7% | 41.0% | 35.4% | 15.0% | 39.2% | 36.9% | 27.5% | 38.2% | 36.1% | 39.4% | 40.4% | 43.0% |
| 营业利润率OPERATING_MARGIN | 16.8% | -8.4% | -15.3% | -68.2% | 2.9% | -2.4% | -24.7% | 5.0% | 4.2% | -23.1% | 11.1% | 15.3% |
| 净利率NET_MARGIN | 17.3% | -3.0% | -12.5% | -125.3% | -0.9% | -6.5% | -22.7% | 29.8% | -4.3% | -27.5% | -68.4% | 20.1% |
| 税后营业利润NOPAT | 24.7 | -6.5 | -16.2 | -169.3 | -1.1 | -4.6 | -34.7 | 6.4 | -5.7 | -34.0 | 18.0 | 22.3 |
| 税后营业利润率NOPAT_MARGIN | 16.0% | 4.7% | 13.5% | |||||||||
| 投入资本INVESTED_CAPITAL | 1,373.0 | 1,322.7 | 1,392.9 | 1,441.0 | 1,371.7 | 1,232.2 | 1,393.8 | |||||
| 投入资本周转率CAPITAL_TURNOVER | 0.42 | 0.39 | 0.39 | 0.38 | 0.40 | 0.52 | 0.47 | |||||
| ROEROE | 2.5% | -0.4% | -1.4% | -16.7% | -0.1% | -0.8% | -3.0% | 3.8% | -0.5% | -3.3% | -12.6% | 2.9% |
| ROICROIC | -0.1% | -2.6% | 0.5% | -0.4% | -2.5% | 1.5% | 1.6% | |||||
| 经营现金流/净利润OCF_TO_PROFIT | 173.2% | 321.0% | -142.4% | -24.4% | -2511.9% | -99.0% | -70.3% | 62.7% | -725.5% | -29.4% | -63.5% | 153.1% |
| 应计比率ACCRUAL_RATIO | -1.0% | 0.4% | -1.9% | -10.7% | -1.7% | -0.8% | -2.6% | 0.7% | -2.3% | -2.3% | -8.9% | -0.8% |
| 营业外收支/税前利润NONOP_TO_PRETAX | 7.3% | 31.2% | 85.1% | -71.6% | 36.7% | |||||||
| 自由现金流FCF | -20.7 | -71.9 | -33.9 | -24.0 | -26.7 | -43.7 | -15.0 | 1.2 | 8.0 | -25.4 | 44.5 | 10.6 |
| 自由现金流利润率FCF_MARGIN | -13.4% | -56.5% | -26.4% | -18.1% | -18.7% | -34.5% | -11.7% | 0.9% | 5.9% | -18.7% | 27.6% | 6.4% |
| 股权激励/营收SBC_TO_REVENUE | 5.2% | 9.3% | 6.1% | 6.0% | 4.6% | 5.4% | 5.2% | 4.0% | 3.9% | 4.6% | 4.3% | 3.6% |
| 扣股权激励自由现金流FCF_AFTER_SBC | -28.7 | -83.7 | -41.7 | -32.0 | -33.2 | -50.5 | -21.6 | -4.3 | 2.6 | -31.6 | 37.6 | 4.7 |
| 扣融资租赁本金自由现金流FCF_AFTER_LEASES | -20.7 | -71.9 | -33.9 | -24.0 | 0.3 | 9.4 | ||||||
| 资本开支/折旧摊销CAPEX_TO_DA | 3.20 | 2.71 | 2.58 | 1.99 | 2.54 | 2.14 | 1.27 | 0.88 | 1.25 | 1.25 | 0.86 | 1.32 |
| 固定资产周转率PPE_TURNOVER | 0.64 | 0.51 | 0.50 | 0.51 | 0.53 | 0.46 | 0.47 | 0.52 | 0.52 | 0.52 | 0.61 | 0.63 |
| 应收周转天数DSO | 20.2 | 23.8 | 22.3 | 21.4 | 22.3 | 22.1 | 16.7 | 21.4 | 25.6 | 27.3 | 22.8 | 22.6 |
| 存货周转天数DIO | 121.5 | 139.7 | 123.8 | 97.5 | 128.3 | 140.2 | 111.4 | 124.3 | 121.4 | 137.8 | 118.5 | 126.6 |
| 应付周转天数DPO | 93.6 | 104.0 | 105.9 | 89.5 | 132.1 | 124.4 | 104.5 | 111.1 | 103.3 | 79.4 | 83.1 | 85.6 |
| 现金转换周期CCC | 48.0 | 59.5 | 40.2 | 29.4 | 18.5 | 37.9 | 23.7 | 34.6 | 43.8 | 85.7 | 58.3 | 63.7 |
| 股东回报(派息+回购)SHAREHOLDER_RETURN | 5.3 | 5.3 | 5.3 | 5.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||
| 股东回报/自由现金流SHAREHOLDER_RETURN_TO_FCF | 0.0% | 0.0% | ||||||||||
| 派息率PAYOUT_RATIO | 19.7% | -138.8% | -33.2% | -3.2% | -0.0% | -0.0% | -0.0% | 0.0% | -0.0% | |||
| 稀释率DILUTION_RATE | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.4% | 0.0% | 0.0% | 1.2% | |||
勾稽校验(所示期间):0 项, 全部通过