开盘$29.21
昨收$28.97
当日区间$28.04 – $30.00
成交量7.51M
市值$3.77B
市盈率（TTM）42.5
股息率–
基本面
最新报告季度：Q3, ended Sep 2026
营收$293.33M-28.5% YoY
营业利润$6.41M-90.5% YoY
净利润$23.39M-64.9% YoY
摊薄每股收益$0.17-66.0% YoY
自由现金流-$11.37M-293.2% YoY
经营现金流$90,000.00
营收，近8个季度
净利润，近8个季度
各季度摊薄每股收益
各季度自由现金流
年度营收
盈利能力与资产负债表
毛利率45.8%
营业利润率4.5%
净利率7.5%
净资产收益率8.1%
资产收益率2.9%
投入资本回报率2.9%
流动比率4.09
负债/资产比率56.8%
现金及投资$931.85M
总负债$573.16M
净现金（净负债）$358.68M
自由现金流/营收11.2%
利润表
| 项目 | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| 报告营业总收入 | $293.33M | $291.85M | $282.90M | $1.47B | $343.32M |
| 营业总收入 | $293.33M | $291.85M | $282.90M | $1.47B | $343.32M |
| 营业成本 | $166.21M | $116.84M | $182.51M | $785.98M | $191.29M |
| 毛利润 | $127.12M | $175.01M | $100.39M | $687.00M | $152.03M |
| 营业费用 | $120.70M | $122.54M | $126.21M | $522.35M | $130.23M |
| 销售及管理费用 | $75.51M | $76.88M | $81.34M | $333.27M | $84.02M |
| -销售及营销费用 | $45.11M | $45.55M | $48.09M | $197.51M | $49.42M |
| -管理费用 | $30.40M | $31.33M | $33.26M | $135.77M | $34.60M |
| 研发费用 | $45.20M | $45.66M | $44.87M | $189.08M | $46.21M |
| 营业利润 | $6.41M | $52.48M | -$25.82M | $164.66M | $21.80M |
| 非经营性利息净收入（支出） | $16.59M | $11.83M | $11.99M | $58.20M | $14.52M |
| 非经营性利息收入 | $16.91M | $12.15M | $12.63M | $62.72M | $15.35M |
| 非经营性利息支出 | $327,000.00 | $327,000.00 | $633,000.00 | $4.52M | $829,000.00 |
| 其他收入（支出） | -$26.57M | -$2.41M | -$36,000.00 | -$18.04M | $2.38M |
| 特殊收益（费用） | $52,000.00 | -$958,000.00 | -$3.83M | -$7.13M | $640,000.00 |
| -减：重组及并购费用 | -$64,000.00 | $989,000.00 | $3.46M | $7.13M | $2.20M |
| -减：其他特殊支出 | $12,000.00 | -$12,000.00 | $312,000.00 | – | – |
| -减：核销 | $0.00 | -$19,000.00 | $59,000.00 | – | – |
| 其他非经营性收入（支出） | -$26.62M | -$1.45M | $3.79M | -$10.91M | $1.74M |
| 税前利润 | -$3.57M | $61.90M | -$13.86M | $204.81M | $38.70M |
| 税费 | -$26.96M | $25.82M | -$6.45M | $32.68M | -$16,000.00 |
| 净利润 | $23.39M | $36.08M | -$7.41M | $172.13M | $38.71M |
| 持续经营利润 | $23.39M | $36.08M | -$7.41M | $172.13M | $38.71M |
| 归属母公司净利润 | $23.39M | $36.08M | -$7.41M | $172.13M | $38.71M |
| 归属普通股股东净利润 | $23.39M | $36.08M | -$7.41M | $172.13M | $38.71M |
| 基本每股收益 | $0.18 | $0.27 | -$0.06 | $1.31 | $0.30 |
| 摊薄每股收益 | $0.17 | $0.27 | -$0.06 | $1.29 | $0.29 |
资产负债表
| 项目 | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| 总资产 | $2.88B | $2.92B | $2.72B | $3.51B | $3.51B |
| 流动资产合计 | $1.88B | $1.95B | $1.83B | $2.61B | $2.61B |
| 现金及现金等价物与短期投资 | $931.85M | $937.71M | $930.64M | $1.51B | $1.51B |
| -现金及现金等价物 | $380.40M | $529.34M | $497.55M | $474.32M | $474.32M |
| -短期投资 | $551.45M | $408.36M | $433.10M | $1.04B | $1.04B |
| 应收款 | $249.94M | $273.61M | $196.58M | $229.88M | $229.88M |
| -应收账款 | $249.94M | $273.61M | $196.58M | $229.88M | $229.88M |
| 存货 | $243.71M | $285.02M | $290.70M | $288.05M | $288.05M |
| 其他流动资产 | $457.34M | $454.20M | $412.35M | $576.08M | $576.08M |
| 非流动资产合计 | $994.21M | $968.72M | $893.65M | $902.93M | $902.93M |
| 固定资产净值 | $133.72M | $136.45M | $138.87M | $136.80M | $136.80M |
| -固定资产原值 | $133.72M | $136.45M | $138.87M | $370.68M | $370.68M |
| 商誉及其他无形资产 | $221.69M | $226.31M | $231.31M | $237.05M | $237.05M |
| -商誉 | $213.09M | $213.23M | $213.74M | $214.76M | $214.76M |
| -其他无形资产 | $8.60M | $13.08M | $17.56M | $22.29M | $22.29M |
| 一年以上递延资产 | $321.62M | $289.67M | $311.77M | $306.40M | $306.40M |
| 其他非流动资产 | $317.19M | $316.29M | $211.71M | $222.68M | $222.68M |
| 负债合计 | $1.64B | $1.74B | $1.62B | $2.42B | $2.42B |
| 流动负债合计 | $460.10M | $565.16M | $481.78M | $1.26B | $1.26B |
| 应付款 | $112.39M | $136.93M | $141.13M | $240.68M | $240.68M |
| -应付账款 | $100.61M | $124.59M | $113.46M | $203.04M | $203.04M |
| -应付税款合计 | $11.78M | $12.34M | $27.67M | $37.64M | $37.64M |
| 一年内应计费用 | $141.47M | $167.08M | $159.31M | $171.51M | $171.51M |
| 短期债务及融资租赁负债 | $8.69M | $9.10M | $8.60M | $640.39M | $640.39M |
| -一年内到期融资租赁负债 | $8.69M | $9.10M | $8.60M | $8.21M | $8.21M |
| 一年内预提费用 | $26.99M | $27.78M | $28.41M | $29.04M | $29.04M |
| 一年内递延负债 | $170.57M | $224.27M | $144.33M | $180.52M | $180.52M |
| 非流动负债合计 | $1.17B | $1.17B | $1.14B | $1.16B | $1.16B |
| 长期债务及融资租赁负债 | $573.16M | $572.84M | $572.51M | $572.19M | $572.19M |
| -长期债务 | $573.16M | $572.84M | $572.51M | $572.19M | $572.19M |
| 非流动负债 | $177.02M | $175.42M | $175.80M | $185.01M | $185.01M |
| 一年以上递延负债 | $355.14M | $358.23M | $326.23M | $337.92M | $337.92M |
| 其他非流动负债 | $69.58M | $65.77M | $65.25M | $65.50M | $65.50M |
| 股东权益合计 | $1.24B | $1.18B | $1.10B | $1.09B | $1.09B |
| 股东权益 | $1.24B | $1.18B | $1.10B | $1.09B | $1.09B |
| 股本 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
| -普通股 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
| 资本公积 | $1.40B | $1.36B | $1.32B | $1.29B | $1.29B |
| 留存收益 | -$151.84M | -$175.22M | -$211.30M | -$203.90M | -$203.90M |
| 不影响留存收益的损益 | -$11.12M | -$7.60M | -$5.82M | $1.75M | $1.75M |
| 受限现金 | – | – | – | $0.00 | $0.00 |
| -累计折旧 | – | – | – | -$233.88M | -$233.88M |
| -一年内到期债务 | – | – | – | $632.18M | $632.18M |
现金流量表
| 项目 | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| 经营活动现金流 | $90,000.00 | $40.32M | $102.87M | $136.54M | $47.58M |
| 持续经营经营活动现金流净额 | $90,000.00 | $40.32M | $102.87M | $136.54M | $47.58M |
| 持续经营净利润 | $23.39M | $36.08M | -$7.41M | $172.13M | $38.71M |
| 折旧、折耗与摊销 | $20.11M | $20.20M | $20.82M | $80.65M | $20.43M |
| 递延税款 | -$28.56M | $21.20M | -$3.13M | $6.08M | -$1.05M |
| 其他非现金项目 | $327,000.00 | $327,000.00 | $17.08M | $2.88M | -$452,000.00 |
| 营运资金变动 | -$85.79M | -$83.80M | $21.20M | -$352.89M | -$61.19M |
| -应收款变动 | $21.84M | -$77.23M | $41.56M | $3.84M | $51.38M |
| -存货变动 | $41.32M | $5.68M | -$2.65M | -$123.04M | -$99.40M |
| -预付资产变动 | -$44.83M | -$125.98M | $155.34M | -$318.56M | -$100.41M |
| -应付账款及应计费用变动 | -$48.81M | $2.48M | -$118.13M | $139.14M | $22.21M |
| -其他流动负债变动 | $805,000.00 | -$1.00M | -$9.84M | $21.15M | $3.90M |
| -其他营运资金变动 | -$56.11M | $112.25M | -$45.08M | -$75.43M | $61.13M |
| 投资活动现金流净额 | -$144.63M | -$9.54M | $576.38M | $106.79M | $23.51M |
| 持续经营投资活动现金流净额 | -$144.63M | -$9.54M | $576.38M | $106.79M | $23.51M |
| 固定资产购置及出售净额 | -$11.46M | -$14.39M | -$19.90M | -$40.64M | -$9.74M |
| 投资购置及出售净额 | -$110.67M | $23.77M | $597.28M | $207.23M | $44.55M |
| 其他投资变动净额 | -$22.50M | -$18.92M | -$1.00M | -$48.50M | $0.00 |
| 筹资活动现金流 | -$2.71M | $1.63M | -$651.19M | -$241.62M | $1.79M |
| 持续经营筹资活动现金流净额 | -$2.71M | $1.63M | -$651.19M | -$241.62M | $1.79M |
| 债务发行及偿还净额 | $0.00 | $0.00 | -$632.50M | -$102.17M | $0.00 |
| 普通股发行净额 | $0.00 | $0.00 | $0.00 | -$129.96M | $0.00 |
| 股票期权行使所得 | $0.00 | $4.17M | $0.00 | $8.53M | $3.16M |
| 其他筹资费用净额 | -$2.71M | -$2.54M | -$18.69M | -$18.03M | -$1.37M |
| 期末现金余额 | $380.40M | $529.34M | $497.55M | $474.32M | $474.32M |
| 现金净变动 | $327.07M | $32.42M | $28.07M | $1.71M | -$391.24M |
| 汇率变动影响 | -$1.70M | -$620,000.00 | -$4.84M | $8.49M | -$438,000.00 |
| 自由现金流 | -$11.37M | $25.93M | $82.97M | $95.90M | $37.84M |
| 期初现金余额 | – | $497.55M | $474.32M | $464.12M | $401.88M |
| 业务购买及出售净额 | – | – | – | -$11.30M | – |
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