海華 3694 - 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)	152	-0.65	-0.65	0.37	-2.63	85.0	0.24	-40.0	9.09	0.37	-83.03	85.0	20.56	-8.7	-1.11	13.53	-0.37	4.64	1.81	-32.46	10.37	2.74	6.61	87.67	0.37	-38.33	8.82	0.56	-3.45	86.67	2.76	8.66	84.0	2.74	6.61	87.67	-11.98	-29.73	-43.69
23Q4 (19)	153	0.0	0.0	0.38	-56.82	-29.63	0.40	-47.37	-39.39	2.18	21.11	12.95	22.52	-15.27	-4.94	13.58	0.59	0.52	2.68	-39.37	-36.34	2.57	-48.91	-25.94	0.6	-49.15	-40.0	0.58	-56.72	-29.27	2.54	-50.1	-26.38	2.57	-48.91	-25.94	-5.36	-18.13	-15.22
23Q3 (18)	153	0.0	0.0	0.88	20.55	-31.25	0.76	16.92	-34.48	1.80	93.55	29.5	26.58	4.56	-15.16	13.50	3.37	-0.22	4.42	9.95	-22.05	5.03	14.84	-19.78	1.18	15.69	-33.71	1.34	20.72	-31.63	5.09	13.36	-18.69	5.03	14.84	-19.78	13.41	142.78	106.19
23Q2 (17)	153	0.0	0.0	0.73	265.0	812.5	0.65	195.45	1525.0	0.93	365.0	745.45	25.42	22.27	11.93	13.06	1.01	17.87	4.02	145.12	1335.71	4.38	200.0	742.31	1.02	200.0	1600.0	1.11	270.0	825.0	4.49	199.33	747.17	4.38	200.0	742.31	5.01	101.02	64.39
23Q1 (16)	153	0.0	0.0	0.20	-62.96	566.67	0.22	-66.67	1000.0	0.20	-89.64	566.67	20.79	-12.24	-9.49	12.93	-4.29	20.73	1.64	-61.05	925.0	1.46	-57.93	595.24	0.34	-66.0	750.0	0.3	-63.41	500.0	1.50	-56.52	552.17	1.46	-57.93	595.24	-18.32	-60.39	-54.89
22Q4 (15)	153	0.0	2.0	0.54	-57.81	-34.94	0.66	-43.1	94.12	1.93	38.85	-5.85	23.69	-24.39	-23.48	13.51	-0.15	36.74	4.21	-25.75	94.91	3.47	-44.66	-14.32	1.0	-43.82	49.25	0.82	-58.16	-34.4	3.45	-44.89	-23.84	3.47	-44.66	-14.32	6.79	721.10	1378.45
22Q3 (14)	153	0.0	2.0	1.28	1500.0	58.02	1.16	2800.0	41.46	1.39	1163.64	13.93	31.33	37.96	3.26	13.53	22.11	10.36	5.67	1925.0	39.31	6.27	1105.77	56.36	1.78	2866.67	43.55	1.96	1533.33	60.66	6.26	1081.13	56.11	6.27	1105.77	56.36	18.41	833.34	1450.00
22Q2 (13)	153	0.0	2.0	0.08	166.67	-78.38	0.04	100.0	-90.24	0.11	266.67	-73.17	22.71	-1.13	-21.09	11.08	3.45	6.74	0.28	75.0	-87.04	0.52	147.62	-73.2	0.06	50.0	-90.32	0.12	140.0	-78.57	0.53	130.43	-73.1	0.52	147.62	-73.2	-13.47	35.14	2.94
22Q1 (12)	153	2.0	2.0	0.03	-96.39	-25.0	0.02	-94.12	-71.43	0.03	-98.54	-25.0	22.97	-25.81	-5.86	10.71	8.4	12.5	0.16	-92.59	-65.22	0.21	-94.81	-12.5	0.04	-94.03	-63.64	0.05	-96.0	-16.67	0.23	-94.92	-11.54	0.21	-94.81	-12.5	-11.88	-46.96	-76.33
21Q4 (11)	150	0.0	0.0	0.83	2.47	118.42	0.34	-58.54	-19.05	2.05	68.03	1.49	30.96	2.04	13.99	9.88	-19.41	-4.54	2.16	-46.93	-8.09	4.05	1.0	91.04	0.67	-45.97	4.69	1.25	2.46	115.52	4.53	12.97	113.68	4.05	1.0	91.04	3.73	60.70	20.73
21Q3 (10)	150	0.0	0.0	0.81	118.92	-14.74	0.82	100.0	-13.68	1.22	197.56	-25.61	30.34	5.42	7.44	12.26	18.11	-3.39	4.07	88.43	-20.35	4.01	106.7	-20.75	1.24	100.0	-13.89	1.22	117.86	-14.69	4.01	103.55	-20.59	4.01	106.7	-20.75	11.68	471.96	292.86
21Q2 (9)	150	0.0	0.0	0.37	825.0	-69.42	0.41	485.71	-67.46	0.41	925.0	-40.58	28.78	17.95	8.2	10.38	9.03	-31.85	2.16	369.57	-70.04	1.94	708.33	-71.64	0.62	463.64	-67.71	0.56	833.33	-69.23	1.97	657.69	-71.28	1.94	708.33	-71.64	3.89	367.76	201.19
21Q1 (8)	150	0.0	0.0	0.04	-89.47	107.69	0.07	-83.33	113.21	0.04	-98.02	107.69	24.4	-10.16	75.29	9.52	-8.02	5.19	0.46	-80.43	107.86	0.24	-88.68	104.26	0.11	-82.81	113.58	0.06	-89.66	107.69	0.26	-87.74	104.62	0.24	-88.68	104.26	-6.99	-74.73	-69.56
20Q4 (7)	150	0.0	-0.66	0.38	-60.0	322.22	0.42	-55.79	61.54	2.02	23.17	365.79	27.16	-3.82	36.28	10.35	-18.44	-15.58	2.35	-54.01	16.92	2.12	-58.1	202.86	0.64	-55.56	60.0	0.58	-59.44	314.29	2.12	-58.02	202.86	2.12	-58.1	202.86	1.18	-40.74	-40.20
20Q3 (6)	150	0.0	-0.66	0.95	-21.49	1257.14	0.95	-24.6	955.56	1.64	137.68	292.94	28.24	6.17	23.48	12.69	-16.68	26.27	5.11	-29.13	796.49	5.06	-26.02	1050.0	1.44	-25.0	1007.69	1.43	-21.43	1330.0	5.05	-26.38	1047.73	5.06	-26.02	1050.0	48.63	155.60	156.57
20Q2 (5)	150	0.0	-0.66	1.21	332.69	811.76	1.26	337.74	1000.0	0.69	232.69	175.0	26.6	91.09	38.98	15.23	68.29	63.59	7.21	223.25	743.75	6.84	221.49	606.67	1.92	337.04	1014.29	1.82	333.33	800.0	6.86	221.85	608.15	6.84	221.49	606.67	-	-	0.00
20Q1 (4)	150	-0.66	0.0	-0.52	-677.78	0.0	-0.53	-303.85	0.0	-0.52	31.58	0.0	13.92	-30.16	0.0	9.05	-26.18	0.0	-5.85	-391.04	0.0	-5.63	-904.29	0.0	-0.81	-302.5	0.0	-0.78	-657.14	0.0	-5.63	-904.29	0.0	-5.63	-904.29	0.0	-	-	0.00
19Q4 (3)	151	0.0	0.0	0.09	28.57	0.0	0.26	188.89	0.0	-0.76	10.59	0.0	19.93	-12.86	0.0	12.26	21.99	0.0	2.01	252.63	0.0	0.70	59.09	0.0	0.4	207.69	0.0	0.14	40.0	0.0	0.70	59.09	0.0	0.70	59.09	0.0	-	-	0.00
19Q3 (2)	151	0.0	0.0	0.07	141.18	0.0	0.09	164.29	0.0	-0.85	7.61	0.0	22.87	19.49	0.0	10.05	7.95	0.0	0.57	150.89	0.0	0.44	132.59	0.0	0.13	161.9	0.0	0.1	138.46	0.0	0.44	132.59	0.0	0.44	132.59	0.0	-	-	0.00
19Q2 (1)	151	0.0	0.0	-0.17	0.0	0.0	-0.14	0.0	0.0	-0.92	0.0	0.0	19.14	0.0	0.0	9.31	0.0	0.0	-1.12	0.0	0.0	-1.35	0.0	0.0	-0.21	0.0	0.0	-0.26	0.0	0.0	-1.35	0.0	0.0	-1.35	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)
2024/6	8.21	-5.89	-10.25	44.46	-3.78	23.9	N/A	-
2024/5	8.72	25.25	5.86	36.25	-2.18	22.83	N/A	-
2024/4	6.97	-2.51	-13.24	27.53	-4.48	20.25	N/A	-
2024/3	7.14	16.37	-10.5	20.56	-1.09	20.56	0.66	-
2024/2	6.14	-15.66	-0.62	13.42	4.76	21.02	0.65	-
2024/1	7.28	-4.26	9.78	7.28	9.78	22.53	0.6	-
2023/12	7.6	-0.6	5.8	95.31	-5.03	22.52	0.61	-
2023/11	7.65	5.21	2.2	87.71	-5.87	23.2	0.6	-
2023/10	7.27	-12.17	-16.35	80.06	-6.58	25.45	0.54	-
2023/9	8.28	-16.34	-22.09	72.79	-5.47	26.58	0.66	-
2023/8	9.9	17.75	-9.31	64.51	-2.81	27.45	0.64	-
2023/7	8.4	-8.14	-14.1	54.61	-1.53	25.79	0.68	-
2023/6	9.15	11.01	5.96	46.21	1.15	25.42	0.69	-
2023/5	8.24	2.63	6.73	37.06	0.03	24.25	0.73	-
2023/4	8.03	0.57	26.34	28.82	-1.73	22.19	0.79	-
2023/3	7.98	29.22	-7.38	20.79	-9.5	20.79	0.92	-
2023/2	6.18	-6.82	-1.67	12.81	-10.77	20.0	0.95	-
2023/1	6.63	-7.73	-17.85	6.63	-17.85	21.3	0.9	-
2022/12	7.19	-3.98	-26.19	100.37	-12.32	23.36	0.85	-
2022/11	7.48	-13.89	-33.02	93.18	-11.03	26.8	0.75	-
2022/10	8.69	-18.2	-13.37	85.7	-8.41	30.23	0.66	-
2022/9	10.63	-2.61	8.72	77.01	-7.81	31.32	0.76	-
2022/8	10.91	11.53	-1.77	66.38	-10.0	29.33	0.82	-
2022/7	9.78	13.31	3.63	55.47	-11.46	26.14	0.92	-
2022/6	8.63	11.82	-11.73	45.68	-14.14	22.71	1.14	-
2022/5	7.72	21.49	-24.17	37.05	-14.69	22.69	1.14	-
2022/4	6.35	-26.27	-28.25	29.33	-11.79	21.26	1.22	-
2022/3	8.62	37.18	-11.58	22.97	-5.81	22.97	0.93	-
2022/2	6.28	-22.15	8.17	14.35	-1.97	24.09	0.89	-
2022/1	8.07	-17.11	-8.64	8.07	-8.64	28.99	0.74	-
2021/12	9.74	-12.86	8.34	114.48	19.34	30.95	0.6	-
2021/11	11.18	11.37	34.36	104.75	20.48	30.98	0.6	-
2021/10	10.03	2.65	1.27	93.57	19.01	30.92	0.6	-
2021/9	9.77	-12.01	0.67	83.54	21.57	30.32	0.73	-
2021/8	11.11	17.67	17.51	73.76	25.01	30.33	0.73	-
2021/7	9.44	-3.48	3.76	62.65	26.44	29.4	0.75	-
2021/6	9.78	-3.93	8.56	53.21	31.54	28.82	0.77	-
2021/5	10.18	14.95	25.59	43.43	38.13	28.79	0.77	-
2021/4	8.86	-9.14	-6.2	33.25	42.49	24.41	0.91	-
2021/3	9.75	67.83	55.21	24.39	75.59	24.39	0.92	去年受covid-19影響, 今年恢復正常
2021/2	5.81	-34.26	54.01	14.64	92.4	23.63	0.95	去年受疫情影響生產線延遲復工
2021/1	8.84	-1.69	130.1	8.84	130.1	26.14	0.86	109年農曆春節休假影響及電腦需求增加
2020/12	8.99	8.05	27.85	95.92	24.77	27.21	0.6	-
2020/11	8.32	-16.05	26.15	86.94	24.46	27.93	0.58	-
2020/10	9.91	2.05	54.88	78.62	24.28	29.07	0.56	客戶需求增加
2020/9	9.71	2.7	32.51	68.71	20.84	28.26	0.6	-
2020/8	9.45	3.9	23.49	59.0	19.12	27.56	0.61	-
2020/7	9.1	0.97	15.33	49.55	18.32	26.21	0.64	-
2020/6	9.01	11.13	35.2	40.45	19.01	26.56	0.58	-
2020/5	8.11	-14.14	30.32	31.44	15.06	23.83	0.64	-
2020/4	9.44	50.35	50.97	23.33	10.56	19.49	0.79	客戶訂單需求增加
2020/3	6.28	66.53	14.56	13.89	-6.45	13.89	0.98	-
2020/2	3.77	-1.77	5.69	7.61	-18.75	14.64	0.93	-
2020/1	3.84	-45.37	-33.79	3.84	-33.79	17.46	0.78	-
2019/12	7.03	6.62	14.67	76.88	11.11	20.02	0.49	-
2019/11	6.59	3.05	4.06	69.85	10.76	20.32	0.49	-
2019/10	6.4	-12.68	-3.09	63.25	11.51	21.38	0.46	-
2019/9	7.33	-4.28	13.07	56.86	13.44	22.87	0.42	-
2019/8	7.65	-2.95	6.32	49.53	13.49	0.0	N/A	-
2019/7	7.89	18.37	23.26	41.88	14.91	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)	153	0.0	2.18	12.95	2.04	7.94	95.31	-5.35	13.28	7.7	3.30	15.79	3.50	19.45	3.14	9.41	3.38	14.58	3.33	12.88
2022 (9)	153	2.0	1.93	-5.85	1.89	15.95	100.7	-12.03	12.33	16.76	2.85	23.38	2.93	8.52	2.87	8.71	2.95	-9.23	2.95	-4.53
2021 (8)	150	0.0	2.05	1.49	1.63	-22.01	114.47	19.34	10.56	-13.51	2.31	-30.42	2.70	-14.83	2.64	-16.98	3.25	6.91	3.09	1.64
2020 (7)	150	-0.66	2.02	0	2.09	0	95.92	24.91	12.21	23.08	3.32	0	3.17	0	3.18	0	3.04	0	3.04	0
2019 (6)	151	3.42	-0.76	0	-0.42	0	76.79	10.9	9.92	-4.15	-0.84	0	-1.49	0	-0.64	0	-1.14	0	-1.14	0
2018 (5)	146	10.61	-0.81	0	-0.69	0	69.24	11.16	10.35	-17.46	-1.57	0	-1.71	0	-1.09	0	-1.22	0	-1.18	0
2017 (4)	132	1.54	0.26	-56.67	0.20	-76.74	62.29	1.53	12.54	-17.23	0.50	-76.64	0.55	-56.69	0.31	-76.34	0.34	-56.96	0.34	-56.41
2016 (3)	130	0.0	0.60	100.0	0.86	109.76	61.35	-7.05	15.15	5.14	2.14	109.8	1.27	115.25	1.31	95.52	0.79	75.56	0.78	100.0
2015 (2)	130	0.0	0.30	0	0.41	0	66.0	22.34	14.41	87.39	1.02	0	0.59	0	0.67	0	0.45	0	0.39	0
2014 (1)	130	0.0	-4.33	0	-3.84	0	53.95	-15.77	7.69	0	-10.29	0	-10.43	0	-5.55	0	-5.34	0	-5.62	0