|
截至 3 個月 |
2025年12月31日 |
|
2025年9月30日 |
|
2025年6月30日 |
|
2025年3月31日 |
|
2024年12月31日 |
|
2024年9月30日 |
|
2024年6月30日 |
|
2024年3月31日 |
|
2023年12月31日 |
|
2023年9月30日 |
|
2023年6月30日 |
|
2023年3月31日 |
|
2022年12月31日 |
|
2022年9月30日 |
|
2022年6月30日 |
|
2022年3月31日 |
|
2021年12月31日 |
|
2021年9月30日 |
|
2021年6月30日 |
|
2021年3月31日 |
|
|
|
汽車銷售 |
67.27% | |
72.46% | |
70.18% | |
66.85% | |
72.58% | |
74.78% | |
72.67% | |
77.27% | |
81.97% | |
79.58% | |
81.92% | |
80.92% | |
83.23% | |
82.90% | |
80.73% | |
82.71% | |
84.80% | |
82.82% | |
79.61% | |
78.80% | |
|
|
汽車監管信用 |
2.18% | |
1.48% | |
1.95% | |
3.08% | |
2.69% | |
2.93% | |
3.49% | |
2.08% | |
1.72% | |
2.37% | |
1.13% | |
2.23% | |
1.92% | |
1.33% | |
2.03% | |
3.62% | |
1.77% | |
2.03% | |
2.96% | |
4.99% | |
|
|
汽車租賃 |
1.61% | |
1.53% | |
1.93% | |
2.31% | |
1.74% | |
1.77% | |
1.80% | |
2.23% | |
1.99% | |
2.09% | |
2.27% | |
2.42% | |
2.46% | |
2.89% | |
3.47% | |
3.56% | |
3.54% | |
2.80% | |
2.78% | |
2.86% | |
|
|
汽車業務收入 |
71.05% |
|
75.48% |
|
74.06% |
|
72.24% |
|
77.01% |
|
79.49% |
|
77.95% |
|
81.58% |
|
85.68% |
|
84.05% |
|
85.32% |
|
85.57% |
|
87.62% |
|
87.13% |
|
86.23% |
|
89.90% |
|
90.11% |
|
87.64% |
|
85.35% |
|
86.65% |
|
|
|
能源生產和儲存 |
15.41% | |
12.16% | |
12.40% | |
14.12% | |
11.91% | |
9.44% | |
11.82% | |
7.68% | |
5.71% | |
6.68% | |
6.05% | |
6.55% | |
5.39% | |
5.21% | |
5.11% | |
3.28% | |
3.88% | |
5.86% | |
6.70% | |
4.76% | |
|
|
服務及其他 |
13.54% | |
12.37% | |
13.54% | |
13.64% | |
11.08% | |
11.08% | |
10.23% | |
10.74% | |
8.61% | |
9.28% | |
8.63% | |
7.87% | |
6.99% | |
7.67% | |
8.66% | |
6.82% | |
6.00% | |
6.50% | |
7.95% | |
8.60% | |
|
|
收入 |
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
|
|
汽車銷售 |
-55.72% | |
-61.81% | |
-60.31% | |
-59.28% | |
-63.28% | |
-62.52% | |
-62.60% | |
-65.24% | |
-68.35% | |
-67.05% | |
-67.56% | |
-66.11% | |
-63.46% | |
-61.06% | |
-59.96% | |
-58.19% | |
-60.33% | |
-59.24% | |
-59.53% | |
-62.15% | |
|
|
汽車租賃 |
-0.83% | |
-0.80% | |
-1.01% | |
-1.24% | |
-0.94% | |
-0.98% | |
-0.96% | |
-1.26% | |
-1.18% | |
-1.29% | |
-1.36% | |
-1.43% | |
-1.45% | |
-1.78% | |
-2.17% | |
-2.18% | |
-2.23% | |
-1.70% | |
-1.57% | |
-1.54% | |
|
|
汽車收入成本 |
-56.54% |
|
-62.61% |
|
-61.32% |
|
-60.51% |
|
-64.22% |
|
-63.50% |
|
-63.56% |
|
-66.50% |
|
-69.53% |
|
-68.34% |
|
-68.92% |
|
-67.53% |
|
-64.91% |
|
-62.83% |
|
-62.13% |
|
-60.36% |
|
-62.56% |
|
-60.94% |
|
-61.11% |
|
-63.69% |
|
|
|
能源生產和儲存 |
-11.00% | |
-8.34% | |
-8.64% | |
-10.06% | |
-8.90% | |
-6.56% | |
-8.92% | |
-5.78% | |
-4.47% | |
-5.04% | |
-4.94% | |
-5.83% | |
-4.73% | |
-4.72% | |
-4.54% | |
-3.67% | |
-4.17% | |
-5.84% | |
-6.53% | |
-5.73% | |
|
|
服務及其他 |
-12.34% | |
-11.07% | |
-12.80% | |
-13.12% | |
-10.62% | |
-10.10% | |
-9.57% | |
-10.36% | |
-8.37% | |
-8.72% | |
-7.96% | |
-7.30% | |
-6.60% | |
-7.36% | |
-8.33% | |
-6.86% | |
-5.91% | |
-6.61% | |
-8.25% | |
-9.26% | |
|
|
收入成本 |
-79.88% |
|
-82.01% |
|
-82.76% |
|
-83.69% |
|
-83.74% |
|
-80.16% |
|
-82.05% |
|
-82.65% |
|
-82.37% |
|
-82.11% |
|
-81.81% |
|
-80.66% |
|
-76.24% |
|
-74.91% |
|
-75.00% |
|
-70.89% |
|
-72.65% |
|
-73.40% |
|
-75.88% |
|
-78.68% |
|
|
|
毛利 |
20.12% |
|
17.99% |
|
17.24% |
|
16.31% |
|
16.26% |
|
19.84% |
|
17.95% |
|
17.35% |
|
17.63% |
|
17.89% |
|
18.19% |
|
19.34% |
|
23.76% |
|
25.09% |
|
25.00% |
|
29.11% |
|
27.35% |
|
26.60% |
|
24.12% |
|
21.32% |
|
|
|
研究與開發 |
-7.16% | |
-5.80% | |
-7.06% | |
-7.29% | |
-4.96% | |
-4.13% | |
-4.21% | |
-5.40% | |
-4.35% | |
-4.97% | |
-3.78% | |
-3.30% | |
-3.33% | |
-3.42% | |
-3.94% | |
-4.61% | |
-4.18% | |
-4.44% | |
-4.82% | |
-6.41% | |
|
|
銷售、一般和管理 |
-6.65% | |
-5.56% | |
-6.07% | |
-6.47% | |
-5.11% | |
-4.71% | |
-5.01% | |
-6.45% | |
-5.09% | |
-5.37% | |
-4.78% | |
-4.61% | |
-4.24% | |
-4.48% | |
-5.67% | |
-5.29% | |
-8.43% | |
-7.23% | |
-8.14% | |
-10.16% | |
|
|
重組及其他 |
-0.65% | |
-0.85% | |
0.00% | |
-0.49% | |
-0.03% | |
-0.22% | |
-2.44% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
-0.14% | |
0.00% | |
-0.84% | |
0.00% | |
0.00% | |
-0.37% | |
-0.19% | |
0.97% | |
|
|
運營費用 |
-14.46% |
|
-12.21% |
|
-13.14% |
|
-14.24% |
|
-10.10% |
|
-9.05% |
|
-11.66% |
|
-11.85% |
|
-9.43% |
|
-10.34% |
|
-8.56% |
|
-7.92% |
|
-7.71% |
|
-7.90% |
|
-10.45% |
|
-9.90% |
|
-12.61% |
|
-12.04% |
|
-13.15% |
|
-15.60% |
|
|
|
經營收入 |
5.66% |
|
5.78% |
|
4.10% |
|
2.06% |
|
6.16% |
|
10.79% |
|
6.29% |
|
5.50% |
|
8.20% |
|
7.55% |
|
9.62% |
|
11.42% |
|
16.04% |
|
17.19% |
|
14.55% |
|
19.21% |
|
14.75% |
|
14.57% |
|
10.97% |
|
5.72% |
|
|
|
利息收入 |
1.80% | |
1.56% | |
1.74% | |
2.07% | |
1.72% | |
1.70% | |
1.36% | |
1.64% | |
1.32% | |
1.21% | |
0.95% | |
0.91% | |
0.65% | |
0.40% | |
0.15% | |
0.15% | |
0.14% | |
0.07% | |
0.09% | |
0.10% | |
|
|
利息支出 |
-0.34% | |
-0.27% | |
-0.38% | |
-0.47% | |
-0.37% | |
-0.37% | |
-0.34% | |
-0.36% | |
-0.24% | |
-0.16% | |
-0.11% | |
-0.12% | |
-0.14% | |
-0.25% | |
-0.26% | |
-0.33% | |
-0.40% | |
-0.92% | |
-0.63% | |
-0.95% | |
|
|
其他收入（支出），淨額 |
-2.38% | |
-0.10% | |
1.42% | |
-0.62% | |
2.31% | |
-1.04% | |
-0.31% | |
2.08% | |
-0.58% | |
0.16% | |
1.32% | |
-0.21% | |
-0.17% | |
-0.40% | |
0.17% | |
0.30% | |
0.38% | |
-0.04% | |
0.38% | |
0.27% | |
|
|
所得稅前利潤 |
4.74% |
|
6.97% |
|
6.89% |
|
3.05% |
|
9.82% |
|
11.08% |
|
7.01% |
|
8.86% |
|
8.71% |
|
8.76% |
|
11.78% |
|
12.00% |
|
16.38% |
|
16.95% |
|
14.61% |
|
19.33% |
|
14.87% |
|
13.68% |
|
10.81% |
|
5.13% |
|
|
|
（準備）從所得稅中獲益 |
-1.31% | |
-2.03% | |
-1.60% | |
-0.87% | |
-1.48% | |
-2.39% | |
-1.45% | |
-2.27% | |
22.86% | |
-0.72% | |
-1.30% | |
-1.12% | |
-1.13% | |
-1.42% | |
-1.21% | |
-1.84% | |
-1.65% | |
-1.62% | |
-0.96% | |
-0.66% | |
|
|
淨收入 |
3.44% |
|
4.94% |
|
5.29% |
|
2.17% |
|
8.34% |
|
8.69% |
|
5.55% |
|
6.60% |
|
31.56% |
|
8.04% |
|
10.49% |
|
10.88% |
|
15.24% |
|
15.53% |
|
13.40% |
|
17.49% |
|
13.22% |
|
12.06% |
|
9.85% |
|
4.47% |
|
|
|
子公司非控制性權益和可贖回非控制性權益應佔凈（收入）虧損 |
-0.06% | |
-0.06% | |
-0.08% | |
-0.06% | |
-0.06% | |
-0.06% | |
-0.06% | |
-0.07% | |
-0.06% | |
-0.11% | |
0.36% | |
-0.11% | |
-0.08% | |
-0.18% | |
-0.06% | |
0.20% | |
-0.12% | |
-0.30% | |
-0.30% | |
-0.25% | |
|
|
歸屬於普通股股東的凈利潤 |
3.37% |
|
4.89% |
|
5.21% |
|
2.12% |
|
8.28% |
|
8.63% |
|
5.49% |
|
6.53% |
|
31.50% |
|
7.94% |
|
10.84% |
|
10.77% |
|
15.16% |
|
15.34% |
|
13.34% |
|
17.69% |
|
13.10% |
|
11.76% |
|
9.55% |
|
4.22% |
|
根據報告：
10-K (報告日期： 2025-12-31), 10-Q (報告日期： 2025-09-30), 10-Q (報告日期： 2025-06-30), 10-Q (報告日期： 2025-03-31), 10-K (報告日期： 2024-12-31), 10-Q (報告日期： 2024-09-30), 10-Q (報告日期： 2024-06-30), 10-Q (報告日期： 2024-03-31), 10-K (報告日期： 2023-12-31), 10-Q (報告日期： 2023-09-30), 10-Q (報告日期： 2023-06-30), 10-Q (報告日期： 2023-03-31), 10-K (報告日期： 2022-12-31), 10-Q (報告日期： 2022-09-30), 10-Q (報告日期： 2022-06-30), 10-Q (報告日期： 2022-03-31), 10-K (報告日期： 2021-12-31), 10-Q (報告日期： 2021-09-30), 10-Q (報告日期： 2021-06-30), 10-Q (報告日期： 2021-03-31).
以下是對財務資料的分析摘要。
- 汽車業務收入
- 汽車業務收入在整個期間內佔據了收入的主要部分，始終在85%以上。然而，從2021年到2024年，其佔比呈現下降趨勢，從最初的86.65%下降至72.24%。2025年略有回升，但仍低於2021年的水平。汽車銷售佔汽車業務收入的比例也呈現下降趨勢，從2021年的78.8%下降至2025年的67.27%。
- 能源生產和儲存
- 能源生產和儲存業務的收入佔比在觀察期間內呈現波動。從2021年的4.76%上升至2022年的5.39%，然後在2023年大幅增長至11.82%。2024年進一步增長至14.12%，2025年則略有下降至12.4%。這表明該業務正在快速增長，並在整體收入結構中扮演越來越重要的角色。
- 服務及其他
- 服務及其他業務的收入佔比相對穩定，在6%至9%之間波動。然而，從2024年開始，該佔比顯著增加，在2025年達到13.64%，顯示出該業務領域的潛在增長。
- 收入成本
- 收入成本佔收入的百分比在整個期間內相對穩定，大約在73%至82%之間波動。2022年和2023年，收入成本佔比有所上升，可能與供應鏈問題或生產成本增加有關。2024年有所下降，但2025年再次上升。
- 毛利
- 毛利佔收入的百分比呈現上升趨勢，從2021年的21.32%上升至2023年的31.56%。然而，2024年和2025年，毛利佔比有所下降，可能與收入成本的變化有關。整體而言，毛利水平在觀察期間內保持在相對較高的水平。
- 經營收入
- 經營收入佔收入的百分比在觀察期間內呈現波動。從2021年的5.72%上升至2022年的16.04%，然後在2023年下降至8.71%。2024年有所回升，但2025年再次下降。這表明經營收入的增長並不穩定，受到多種因素的影響。
- 淨收入
- 淨收入佔收入的百分比也呈現波動。2023年出現顯著增長，達到31.56%，但2024年和2025年大幅下降。這可能與所得稅中的收益或虧損有關，因為從所得稅中獲益的數值在2023年大幅增加。
- 研究與開發
- 研究與開發支出佔收入的百分比在觀察期間內相對穩定，但2024年和2025年有所增加，表明公司可能正在加大對研發的投入。
- 銷售、一般和管理
- 銷售、一般和管理費用佔收入的百分比在觀察期間內呈現下降趨勢，但2024年和2025年有所回升。這可能與公司規模擴大和業務發展有關。
