开盘$9.83
昨收$9.87
当日区间$9.56 – $10.57
成交量16.59M
市值$2.41B
市盈率（TTM）5.0
股息率–
基本面
最新报告季度：Q2, ended Jun 2026
营收$869.99M+52.8% YoY
营业利润$34.79M+131.0% YoY
净利润-$208.17M+25.4% YoY
摊薄每股收益$0.42-60.7% YoY
自由现金流-$619.82M+37.1% YoY
经营现金流-$186.18M
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35.3%
营业利润率2.7%
净利率11.6%
净资产收益率12.6%
资产收益率1.8%
投入资本回报率5.8%
流动比率1.42
负债/资产比率77.7%
现金及投资$712.43M
总负债$15.18B
净现金（净负债）-$14.47B
营收构成
2026/Q2 季度
按业务线
利润表
| 项目 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| 报告营业总收入 | $869.99M | $722.23M | $2.96B | $1.16B | $724.56M |
| 营业总收入 | $869.99M | $722.23M | $2.96B | $1.16B | $724.56M |
| 营业成本 | $541.76M | $502.43M | $2.06B | $723.46M | $481.29M |
| 毛利润 | $328.22M | $219.80M | $897.30M | $435.37M | $243.27M |
| 营业费用 | $293.44M | $263.31M | $1.02B | $338.02M | $239.62M |
| 销售及管理费用 | $283.20M | $253.17M | $987.30M | $329.20M | $230.35M |
| -销售及营销费用 | $190.68M | $178.53M | $709.25M | $246.01M | $164.80M |
| -管理费用 | $92.52M | $74.64M | $278.05M | $83.19M | $65.55M |
| 研发费用 | $10.23M | $10.14M | $36.13M | $8.82M | $9.27M |
| 营业利润 | $34.79M | -$43.51M | -$126.13M | $97.36M | $3.65M |
| 非经营性利息净收入（支出） | -$264.43M | -$263.94M | -$996.78M | -$256.42M | -$265.79M |
| 非经营性利息支出 | $264.43M | $263.94M | $996.78M | $256.42M | $265.79M |
| 其他收入（支出） | $17.50M | $17.19M | -$53.41M | $24.39M | -$17.88M |
| 其他非经营性收入（支出） | $17.50M | $17.19M | -$53.41M | $24.39M | -$17.88M |
| 税前利润 | -$212.15M | -$290.27M | -$1.18B | -$134.67M | -$280.02M |
| 税费 | -$3.97M | $7.07M | -$167.22M | $40.43M | -$2.17M |
| 净利润 | -$208.17M | -$297.33M | -$1.01B | -$175.11M | -$277.85M |
| 持续经营利润 | -$208.17M | -$297.33M | -$1.01B | -$175.11M | -$277.85M |
| 少数股东权益 | -$323.33M | -$464.98M | -$1.46B | -$278.68M | -$294.43M |
| 归属母公司净利润 | $115.15M | $167.64M | $449.95M | $103.57M | $16.59M |
| 归属普通股股东净利润 | $115.15M | $167.64M | $449.95M | $103.57M | $16.59M |
| 基本每股收益 | $0.48 | $0.71 | $1.96 | $0.45 | $0.07 |
| 摊薄每股收益 | $0.42 | $0.62 | $1.71 | $0.38 | $0.06 |
| 特殊收益（费用） | – | – | $0.00 | – | – |
| -减：资本性资产减值 | – | – | $0.00 | – | – |
资产负债表
| 项目 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| 总资产 | $23.36B | $22.77B | $22.61B | $22.61B | $22.23B |
| 流动资产合计 | $2.17B | $1.97B | $2.16B | $2.16B | $2.07B |
| 现金及现金等价物与短期投资 | $712.43M | $679.55M | $823.38M | $823.38M | $709.15M |
| -现金及现金等价物 | $712.43M | $679.55M | $823.38M | $823.38M | $709.15M |
| 应收款 | $235.42M | $232.51M | $262.63M | $262.63M | $248.28M |
| -应收账款 | $218.39M | $204.23M | $191.56M | $191.56M | $223.85M |
| -其他应收款 | $42.91M | $51.17M | $91.76M | $91.76M | $42.62M |
| -应收款调整准备 | -$25.88M | -$22.89M | -$20.69M | -$20.69M | -$18.19M |
| 存货 | $649.85M | $490.39M | $501.29M | $501.29M | $569.99M |
| 受限现金 | $423.81M | $409.57M | $413.46M | $413.46M | $446.46M |
| 其他流动资产 | $145.00M | $153.92M | $155.22M | $155.22M | $96.60M |
| 非流动资产合计 | $21.19B | $20.80B | $20.45B | $20.45B | $20.16B |
| 固定资产净值 | $17.40B | $17.15B | $16.96B | $16.96B | $16.75B |
| -固定资产原值 | $21.14B | $20.71B | $20.50B | $20.50B | $19.97B |
| -累计折旧 | -$3.74B | -$3.56B | -$3.55B | -$3.55B | -$3.21B |
| 投资及预付款 | $86.26M | $83.63M | $81.30M | $81.30M | $81.30M |
| -长期股权投资 | $86.26M | $83.63M | $81.30M | $81.30M | $81.30M |
| 一年以上应收账款 | $1.11B | $1.04B | $921.77M | $921.77M | $880.78M |
| 一年以上递延资产 | $2.25B | $2.19B | $2.14B | $2.14B | $2.14B |
| 其他非流动资产 | $343.90M | $335.86M | $356.62M | $356.62M | $296.72M |
| 负债合计 | $18.15B | $17.81B | $17.63B | $17.63B | $17.58B |
| 流动负债合计 | $1.52B | $1.36B | $1.30B | $1.30B | $1.42B |
| 应付款 | $370.55M | $391.16M | $318.09M | $318.09M | $380.67M |
| -应付账款 | $321.42M | $343.23M | $271.02M | $271.02M | $336.55M |
| -应付股利 | $49.12M | $47.94M | $47.07M | $47.07M | $44.12M |
| 一年内应计费用 | $301.19M | $290.35M | $366.62M | $366.62M | $389.48M |
| 短期债务及融资租赁负债 | $561.27M | $339.37M | $319.32M | $319.32M | $362.59M |
| -一年内到期债务 | $513.40M | $291.19M | $269.51M | $269.51M | $311.53M |
| -一年内到期融资租赁负债 | $47.88M | $48.19M | $49.81M | $49.81M | $51.06M |
| 一年内递延负债 | $171.91M | $169.45M | $171.52M | $171.52M | $163.80M |
| 非流动负债合计 | $16.63B | $16.45B | $16.32B | $16.32B | $16.16B |
| 长期债务及融资租赁负债 | $14.67B | $14.53B | $14.46B | $14.46B | $14.35B |
| -长期债务 | $14.64B | $14.50B | $14.42B | $14.42B | $14.31B |
| -长期融资租赁负债 | $24.91M | $30.73M | $36.91M | $36.91M | $44.34M |
| 一年以上递延负债 | $1.77B | $1.76B | $1.71B | $1.71B | $1.64B |
| 其他非流动负债 | $188.28M | $152.14M | $156.20M | $156.20M | $169.32M |
| 股东权益合计 | $5.21B | $4.96B | $4.98B | $4.98B | $4.64B |
| 股东权益 | $3.49B | $3.34B | $3.13B | $3.13B | $2.98B |
| 股本 | $24,000.00 | $24,000.00 | $23,000.00 | $23,000.00 | $23,000.00 |
| -普通股 | $24,000.00 | $24,000.00 | $23,000.00 | $23,000.00 | $23,000.00 |
| -优先股 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 资本公积 | $6.97B | $6.94B | $6.90B | $6.90B | $6.87B |
| 留存收益 | -$3.55B | -$3.66B | -$3.83B | -$3.83B | -$3.93B |
| 不影响留存收益的损益 | $69.19M | $64.41M | $63.10M | $63.10M | $50.25M |
| 少数股东权益 | $1.72B | $1.62B | $1.85B | $1.85B | $1.66B |
现金流量表
| 项目 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| 经营活动现金流 | -$186.18M | $10.62M | -$421.44M | $96.95M | -$121.52M |
| 持续经营经营活动现金流净额 | -$186.18M | $10.62M | -$421.44M | $96.95M | -$121.52M |
| 持续经营净利润 | -$208.17M | -$297.33M | -$1.01B | -$175.11M | -$277.85M |
| 持续经营损益 | -$24.95M | -$18.37M | $55.25M | -$23.46M | $16.08M |
| 折旧、折耗与摊销 | $192.79M | $189.56M | $725.58M | $184.43M | $181.55M |
| 递延税款 | -$3.97M | $7.07M | -$167.22M | $40.43M | -$999,000.00 |
| 其他非现金项目 | $93.24M | $79.80M | $307.83M | $89.74M | $79.29M |
| 营运资金变动 | -$256.23M | $23.60M | -$441.72M | -$47.42M | -$149.18M |
| -应收款变动 | -$9.93M | $22.09M | -$119.77M | -$24.02M | -$68.61M |
| -存货变动 | -$101.39M | $30.90M | -$99.20M | $68.70M | -$78.84M |
| -预付资产变动 | -$112.10M | -$137.89M | -$613.65M | -$169.74M | -$189.58M |
| -应付账款及应计费用变动 | -$46.05M | $62.60M | $4.63M | $28.04M | -$60.75M |
| -其他营运资金变动 | $13.24M | $45.90M | $386.26M | $49.60M | $248.59M |
| 投资活动现金流净额 | -$449.18M | -$428.55M | -$2.50B | -$408.86M | -$743.64M |
| 持续经营投资活动现金流净额 | -$449.18M | -$428.55M | -$2.50B | -$408.86M | -$743.64M |
| 固定资产购置及出售净额 | -$433.64M | -$424.84M | -$2.50B | -$408.86M | -$743.64M |
| 业务购买及出售净额 | -$15.54M | -$3.72M | $0.00 | – | – |
| 筹资活动现金流 | $682.47M | $270.21M | $3.21B | $393.14M | $1.01B |
| 持续经营筹资活动现金流净额 | $682.47M | $270.21M | $3.21B | $393.14M | $1.01B |
| 债务发行及偿还净额 | $272.86M | $44.63M | $1.82B | $12.35M | $734.52M |
| 股票期权行使所得 | $8.09M | $1.28M | $16.80M | $7.63M | $607,000.00 |
| 其他筹资费用净额 | $401.52M | $224.31M | $1.38B | $373.17M | $273.71M |
| 期末现金余额 | $1.14B | $1.09B | $1.24B | $1.24B | $1.16B |
| 现金净变动 | $47.11M | -$147.72M | $289.57M | $81.23M | $143.68M |
| 期初现金余额 | $1.09B | $1.24B | $947.42M | $1.16B | $1.01B |
| 自由现金流 | -$619.82M | -$414.21M | -$2.92B | -$311.91M | -$865.16M |
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