中華化 1727 - 成長能力 - 財務分析

理想的成長型公司, 本業EPS的成長幅度會大於營收的成長幅度
營收到某個數字後, 本業EPS呈現不成比例的增加, 有可能是規模經濟的效應
如果是有淡旺季的公司, 是否有淡季不淡, 旺季更旺的情況
漲很多的股票要留意 EPS 較上季是否有大幅衰退的情況
如果EPS衰退，要觀察同業是不是有一樣的狀況
要留意增資減資和公司債對股本及EPS的影響

成長能力-近20季

	加權平均股數 QoQ YoY			EPS QoQ YoY			本業EPS QoQ YoY			累計EPS QoQ YoY			營收 QoQ YoY			毛利率(%) QoQ YoY			營業利益率 QoQ YoY			稅後淨利率 QoQ YoY			營業利益 QoQ YoY			稅後淨利 QoQ YoY			稅前淨利率(%) QoQ YoY			稅後淨利率(%) QoQ YoY			兩季平均(YOY)營收成長率(%)	兩季平均(YOY)EPS成長率(%)	兩季平均(YOY)本業EPS成長率(%)
24Q1 (20)	119	5.31	10.19	-0.01	87.5	-103.7	-0.03	62.5	-112.0	-0.01	-102.56	-103.7	4.56	7.29	2.93	8.46	-16.65	-14.89	-1.45	42.46	-530.43	-0.13	93.75	-101.77	-0.07	36.36	-600.0	-0.01	88.89	-103.33	-0.99	61.92	-450.0	-0.13	93.75	-101.77	2.50	-72.92	-152.09
23Q4 (19)	113	-0.88	4.63	-0.08	-233.33	-115.69	-0.08	-366.67	-116.0	0.39	-18.75	-64.86	4.25	-2.3	-24.91	10.15	-2.12	-31.33	-2.52	0	-145.08	-2.08	-220.93	-119.94	-0.11	0	-134.38	-0.09	-228.57	-116.07	-2.60	-365.31	-151.9	-2.08	-220.93	-119.94	0.39	-145.24	-218.34
23Q3 (18)	114	5.56	5.56	0.06	-57.14	166.67	0.03	-70.0	142.86	0.48	14.29	-18.64	4.35	3.08	-25.51	10.37	-27.68	39.95	0.00	-100.0	100.0	1.72	-51.27	207.5	0	-100.0	100.0	0.07	-53.33	177.78	0.98	-76.83	148.28	1.72	-51.27	207.5	-0.83	-52.64	-65.00
23Q2 (17)	108	0.0	0.0	0.14	-48.15	-54.84	0.10	-60.0	-60.0	0.42	55.56	-38.24	4.22	-4.74	-23.96	14.34	44.27	49.84	3.50	1621.74	2433.33	3.53	-51.97	-48.01	0.15	1600.0	1600.0	0.15	-50.0	-55.88	4.23	2450.0	763.27	3.53	-51.97	-48.01	-13.23	-47.61	-55.00
23Q1 (16)	108	0.0	0.0	0.27	-47.06	-27.03	0.25	-50.0	-26.47	0.27	-75.68	-27.03	4.43	-21.73	-26.29	9.94	-32.75	-41.32	-0.23	-104.11	-102.99	7.35	-29.53	11.36	-0.01	-103.12	-102.17	0.3	-46.43	-25.0	-0.18	-103.59	-102.37	7.35	-29.53	11.36	-12.41	309.80	382.14
22Q4 (15)	108	0.0	0.0	0.51	666.67	-13.56	0.50	814.29	-5.66	1.11	88.14	-40.32	5.66	-3.08	-7.06	14.78	99.46	-13.36	5.59	400.54	-28.79	10.43	751.87	-3.6	0.32	390.91	-33.33	0.56	722.22	-12.5	5.01	346.8	-37.61	10.43	751.87	-3.6	1.08	268.82	343.14
22Q3 (14)	108	0.0	0.0	-0.09	-129.03	-125.71	-0.07	-128.0	-121.88	0.59	-13.24	-53.54	5.84	5.23	13.84	7.41	-22.57	-56.59	-1.86	-1140.0	-128.1	-1.60	-123.56	-120.75	-0.11	-1000.0	-132.35	-0.09	-126.47	-123.68	-2.03	-514.29	-130.66	-1.60	-123.56	-120.75	-1.21	-72.62	-77.23
22Q2 (13)	108	0.0	0.0	0.31	-16.22	-45.61	0.25	-26.47	-53.7	0.68	83.78	-26.09	5.55	-7.65	20.39	9.57	-43.51	-56.5	-0.15	-101.95	-101.37	6.79	2.88	-51.26	-0.01	-102.17	-102.0	0.34	-15.0	-45.16	0.49	-93.56	-95.36	6.79	2.88	-51.26	-4.48	-26.75	-31.16
22Q1 (12)	108	0.0	0.0	0.37	-37.29	5.71	0.34	-35.85	30.77	0.37	-80.11	5.71	6.01	-1.31	39.77	16.94	-0.7	-8.58	7.69	-2.04	20.34	6.60	-39.0	-26.09	0.46	-4.17	70.37	0.4	-37.5	8.11	7.61	-5.23	-3.55	6.60	-39.0	-26.09	8.70	15.64	14.89
21Q4 (11)	108	0.0	-1.82	0.59	68.57	227.78	0.53	65.62	151.46	1.86	46.46	247.62	6.09	18.71	50.37	17.06	-0.06	-15.54	7.85	18.58	-36.85	10.82	40.34	120.37	0.48	41.18	-4.0	0.64	68.42	220.0	8.03	21.3	-83.15	10.82	40.34	120.37	15.00	14.98	12.44
21Q3 (10)	108	0.0	-1.82	0.35	-38.6	391.67	0.32	-40.74	346.15	1.27	38.04	188.19	5.13	11.28	15.8	17.07	-22.41	103.46	6.62	-39.32	273.75	7.71	-44.65	322.83	0.34	-32.0	300.0	0.38	-38.71	371.43	6.62	-37.31	290.78	7.71	-44.65	322.83	9.24	12.13	33.47
21Q2 (9)	108	0.0	-0.92	0.57	62.86	400.0	0.54	107.69	460.0	0.92	162.86	170.23	4.61	7.21	5.98	22.00	18.73	250.32	10.91	70.74	328.24	13.93	55.99	381.98	0.5	85.19	338.1	0.62	67.57	395.24	10.56	33.84	295.92	13.93	55.99	381.98	6.69	78.65	116.47
21Q1 (8)	108	-1.82	-1.82	0.35	94.44	131.25	0.26	125.24	225.0	0.35	127.78	131.25	4.3	6.17	-12.07	18.53	-8.27	91.62	6.39	-48.59	2303.45	8.93	81.87	131.9	0.27	-46.0	2800.0	0.37	85.0	129.84	7.89	-83.45	128.51	8.93	81.87	131.9	-1.21	172.22	-283.53
20Q4 (7)	110	0.0	0.0	0.18	250.0	63.64	-1.03	-692.31	-3533.33	-1.26	12.5	-520.0	4.05	-8.58	-31.59	20.20	140.76	58.68	12.43	426.25	515.35	4.91	241.91	165.41	0.5	394.12	316.67	0.2	242.86	66.67	47.66	1473.49	1223.89	4.91	241.91	165.41	-3.37	143.42	-339.49
20Q3 (6)	110	0.92	0.0	-0.12	36.84	-185.71	-0.13	13.33	-181.25	-1.44	-9.92	-820.0	4.43	1.84	-22.82	8.39	33.6	-36.73	-3.81	20.29	-205.25	-3.46	29.96	-229.1	-0.17	19.05	-180.95	-0.14	33.33	-193.33	-3.47	35.62	-218.84	-3.46	29.96	-229.1	-4.60	59.94	-137.09
20Q2 (5)	109	-0.91	-0.91	-0.19	83.04	-290.0	-0.15	-287.5	-287.5	-1.31	-16.96	-2283.33	4.35	-11.04	-26.89	6.28	-35.06	-46.46	-4.78	-1548.28	-395.06	-4.94	82.35	-385.55	-0.21	-2000.0	-310.0	-0.21	83.06	-290.91	-5.39	80.52	-376.41	-4.94	82.35	-385.55	-	-	0.00
20Q1 (4)	110	0.0	0.0	-1.12	-1118.18	0.0	0.08	166.67	0.0	-1.12	-473.33	0.0	4.89	-17.4	0.0	9.67	-24.04	0.0	-0.29	-114.36	0.0	-27.99	-1612.97	0.0	-0.01	-108.33	0.0	-1.24	-1133.33	0.0	-27.67	-868.61	0.0	-27.99	-1612.97	0.0	-	-	0.00
19Q4 (3)	110	0.0	0.0	0.11	-21.43	0.0	0.03	-81.25	0.0	0.30	50.0	0.0	5.92	3.14	0.0	12.73	-4.0	0.0	2.02	-44.2	0.0	1.85	-30.97	0.0	0.12	-42.86	0.0	0.12	-20.0	0.0	3.60	23.29	0.0	1.85	-30.97	0.0	-	-	0.00
19Q3 (2)	110	0.0	0.0	0.14	40.0	0.0	0.16	100.0	0.0	0.20	233.33	0.0	5.74	-3.53	0.0	13.26	13.04	0.0	3.62	123.46	0.0	2.68	54.91	0.0	0.21	110.0	0.0	0.15	36.36	0.0	2.92	49.74	0.0	2.68	54.91	0.0	-	-	0.00
19Q2 (1)	110	0.0	0.0	0.10	0.0	0.0	0.08	0.0	0.0	0.06	0.0	0.0	5.95	0.0	0.0	11.73	0.0	0.0	1.62	0.0	0.0	1.73	0.0	0.0	0.1	0.0	0.0	0.11	0.0	0.0	1.95	0.0	0.0	1.73	0.0	0.0	-	-	0.00

年/月	營收	月增率(%)	去年同期年增率(%)	累計營收	累計營收年增率(%)	近三月累計營收	存貨銷售比	備註(年增率變動50%需說明原因)
2024/5	2.12	43.78	35.8	8.16	11.41	5.62	N/A	-
2024/4	1.47	-27.22	10.46	6.04	4.8	4.72	N/A	-
2024/3	2.03	66.45	25.85	4.56	3.1	4.56	0.64	-
2024/2	1.22	-7.86	-17.62	2.54	-9.9	3.81	0.77	-
2024/1	1.32	3.97	-1.37	1.32	-1.37	4.23	0.69	-
2023/12	1.27	-22.57	-30.35	17.24	-25.26	4.25	0.68	-
2023/11	1.64	22.57	-19.77	15.97	-24.82	4.5	0.64	-
2023/10	1.34	-11.79	-25.39	14.33	-25.36	4.24	0.68	-
2023/9	1.52	9.57	-23.61	12.99	-25.35	4.35	0.61	-
2023/8	1.38	-4.08	-27.93	11.47	-25.58	4.15	0.63	-
2023/7	1.44	9.06	-25.09	10.09	-25.24	4.33	0.61	-
2023/6	1.32	-15.17	-25.85	8.64	-25.27	4.22	0.64	-
2023/5	1.56	16.95	-20.17	7.32	-25.16	4.5	0.6	-
2023/4	1.33	-17.08	-26.38	5.76	-26.41	4.42	0.61	-
2023/3	1.61	8.93	-31.1	4.43	-26.42	4.43	0.62	-
2023/2	1.48	10.32	-22.39	2.82	-23.44	4.64	0.59	-
2023/1	1.34	-26.57	-24.57	1.34	-24.57	5.21	0.53	-
2022/12	1.82	-10.81	-22.21	23.07	14.59	5.66	0.53	-
2022/11	2.04	13.99	8.19	21.24	19.44	5.83	0.51	-
2022/10	1.79	-9.69	-3.34	19.2	20.78	5.7	0.53	-
2022/9	1.99	3.38	13.5	17.4	23.97	5.84	0.58	-
2022/8	1.92	-0.31	16.56	15.42	25.46	5.63	0.61	-
2022/7	1.93	7.95	13.81	13.5	26.84	5.67	0.6	-
2022/6	1.79	-8.67	15.69	11.57	29.3	5.55	0.72	-
2022/5	1.96	7.86	31.58	9.78	32.14	6.1	0.66	-
2022/4	1.81	-22.39	15.22	7.83	32.28	6.05	0.66	-
2022/3	2.34	22.7	43.13	6.01	38.46	6.01	0.52	-
2022/2	1.9	7.22	65.89	3.68	35.64	6.02	0.52	因客戶需求增加及售價調漲(原物料價格上漲)所致。
2022/1	1.78	-24.28	13.46	1.78	13.46	6.01	0.52	-
2021/12	2.34	24.05	61.89	20.13	11.14	6.09	0.54	因客戶需求增加及售價調漲(原物料價格上漲)所致。
2021/11	1.89	1.82	23.87	17.78	6.73	5.5	0.59	-
2021/10	1.86	6.05	27.34	15.89	5.0	5.25	0.62	-
2021/9	1.75	6.17	6.62	14.04	2.62	5.09	0.62	-
2021/8	1.65	-2.66	16.98	12.29	2.07	4.89	0.64	-
2021/7	1.69	9.73	22.36	10.64	0.1	4.72	0.66	-
2021/6	1.54	3.86	14.49	8.95	-3.23	4.6	0.67	-
2021/5	1.49	-5.55	-0.56	7.4	-6.25	4.69	0.65	-
2021/4	1.57	-3.59	4.12	5.92	-7.58	4.35	0.71	-
2021/3	1.63	42.21	-2.13	4.34	-11.2	4.34	0.62	-
2021/2	1.15	-26.65	-28.64	2.71	-15.89	4.16	0.64	-
2021/1	1.56	8.03	-3.21	1.56	-3.21	4.54	0.59	-
2020/12	1.45	-5.07	-22.05	18.11	-21.78	4.43	0.57	-
2020/11	1.53	4.68	-19.98	16.66	-21.75	4.62	0.54	-
2020/10	1.46	-11.19	-32.33	15.14	-21.93	4.51	0.56	-
2020/9	1.64	16.48	-2.76	13.68	-20.63	4.43	0.64	-
2020/8	1.41	1.81	-33.42	12.04	-22.57	4.14	0.69	-
2020/7	1.38	2.67	-28.48	10.63	-20.86	4.23	0.67	-
2020/6	1.35	-9.78	-23.68	9.25	-19.58	4.35	0.76	-
2020/5	1.49	-1.09	-30.24	7.9	-18.83	4.67	0.7	-
2020/4	1.51	-9.39	-25.87	6.4	-15.61	4.79	0.69	-
2020/3	1.67	3.67	-11.71	4.89	-11.84	4.89	0.72	-
2020/2	1.61	-0.5	6.78	3.22	-11.91	5.08	0.69	-
2020/1	1.62	-13.0	-24.99	1.62	-24.99	5.38	0.66	-
2019/12	1.86	-2.55	-12.94	23.15	-12.54	5.92	0.54	-
2019/11	1.91	-11.46	-4.84	21.3	-12.51	5.75	0.56	-
2019/10	2.15	27.6	-10.58	19.39	-13.2	5.96	0.54	-
2019/9	1.69	-20.24	-22.97	17.24	-13.51	5.74	0.63	-
2019/8	2.12	9.36	-7.82	15.55	-12.34	5.82	0.62	-
2019/7	1.94	9.55	-5.29	13.43	-13.02	0.0	N/A	-
2019/6	1.77	-17.54	-16.9	11.5	-14.2	0.0	N/A	-

成長能力-近10年

	加權平均股數 YoY		EPS YoY		本業EPS YoY		營收 YoY		毛利率(%) YoY		營業利益率 YoY		稅後淨利率 YoY		營業利益 YoY		稅前淨利 YoY		稅後淨利 YoY
2023 (10)	113	4.63	0.39	-64.22	0.31	-69.61	17.24	-25.27	11.18	-8.51	0.18	-93.73	2.67	-51.54	0.03	-95.45	0.1	-84.62	0.44	-63.33
2022 (9)	108	0.0	1.09	-41.4	1.02	-37.8	23.07	14.61	12.22	-33.98	2.87	-63.76	5.51	-46.66	0.66	-58.75	0.65	-60.61	1.2	-40.3
2021 (8)	108	-1.82	1.86	0	1.64	0	20.13	13.54	18.51	69.51	7.92	1157.14	10.33	0	1.6	1354.55	1.65	768.42	2.01	0
2020 (7)	110	0.0	-1.26	0	-1.23	0	17.73	-23.41	10.92	-5.78	0.63	-59.35	-8.68	0	0.11	-69.44	0.19	-57.78	-1.38	0
2019 (6)	110	0.0	0.30	-66.67	0.20	-71.01	23.15	-12.58	11.59	-10.57	1.55	-63.36	1.36	-63.83	0.36	-67.86	0.45	-65.12	0.33	-66.67
2018 (5)	110	0.0	0.90	7.14	0.69	-9.21	26.48	8.08	12.96	2.78	4.23	-3.42	3.76	-4.08	1.12	4.67	1.29	17.27	0.99	7.61
2017 (4)	110	0.0	0.84	-4.55	0.76	16.92	24.5	16.67	12.61	-14.68	4.38	-6.41	3.92	-16.24	1.07	9.18	1.1	-7.56	0.92	-6.12
2016 (3)	110	0.0	0.88	-2.22	0.65	-25.29	21.0	-4.55	14.78	9.32	4.68	-12.85	4.68	4.7	0.98	-16.95	1.19	4.39	0.98	-1.01
2015 (2)	110	4.76	0.90	-14.29	0.87	-5.43	22.0	-1.17	13.52	-4.92	5.37	-9.29	4.47	-10.96	1.18	-10.61	1.14	-14.29	0.99	-10.0
2014 (1)	105	5.0	1.05	-3.67	0.92	-1.08	22.26	7.02	14.22	0	5.92	0	5.02	0	1.32	-1.49	1.33	0.76	1.1	0.92