- 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
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(%) | |||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
24Q3 (20) | 47 | 2.17 | 2.17 | 0.07 | 187.5 | 333.33 | 0.04 | 144.44 | 300.0 | 0.16 | 77.78 | -30.43 | 0.97 | 16.87 | -10.19 | 61.48 | -0.44 | 3.5 | 2.38 | 153.72 | 326.67 | 3.37 | 180.82 | 353.38 | 0.02 | 150.0 | 300.0 | 0.03 | 200.0 | 400.0 | 3.01 | 182.47 | 304.76 | 3.37 | 180.82 | 353.38 | -6.39 | 20.22 | -4.25 |
24Q2 (19) | 46 | 0.0 | 0.0 | -0.08 | -147.06 | -166.67 | -0.09 | -152.94 | -181.82 | 0.09 | -47.06 | -65.38 | 0.83 | -29.66 | -24.55 | 61.75 | 4.55 | -4.96 | -4.43 | -172.39 | -183.11 | -4.17 | -165.05 | -183.9 | -0.04 | -157.14 | -166.67 | -0.03 | -137.5 | -160.0 | -3.65 | -157.3 | -165.41 | -4.17 | -165.05 | -183.9 | -14.40 | -70.41 | -76.47 |
24Q1 (18) | 46 | 0.0 | 0.0 | 0.17 | 6.25 | 21.43 | 0.17 | 0.0 | 13.33 | 0.17 | -56.41 | 21.43 | 1.18 | 0.85 | -5.6 | 59.06 | -10.22 | 0.31 | 6.12 | -22.92 | 18.6 | 6.41 | 3.72 | 23.51 | 0.07 | -22.22 | 16.67 | 0.08 | 14.29 | 33.33 | 6.37 | -11.03 | 44.44 | 6.41 | 3.72 | 23.51 | 4.59 | 319.79 | 475.00 |
23Q4 (17) | 46 | 0.0 | 0.0 | 0.16 | 633.33 | -52.94 | 0.17 | 950.0 | -46.88 | 0.39 | 69.57 | -70.0 | 1.17 | 8.33 | -12.69 | 65.78 | 10.74 | 1.29 | 7.94 | 856.19 | -33.05 | 6.18 | 564.66 | -46.54 | 0.09 | 1000.0 | -43.75 | 0.07 | 800.0 | -53.33 | 7.16 | 587.07 | -38.96 | 6.18 | 564.66 | -46.54 | 3.25 | 254.17 | 415.91 |
23Q3 (16) | 46 | 0.0 | 0.0 | -0.03 | -125.0 | -115.0 | -0.02 | -118.18 | -111.76 | 0.23 | -11.54 | -76.04 | 1.08 | -1.82 | -11.48 | 59.40 | -8.57 | -5.4 | -1.05 | -119.7 | -117.5 | -1.33 | -126.76 | -117.85 | -0.01 | -116.67 | -114.29 | -0.01 | -120.0 | -111.11 | -1.47 | -126.34 | -120.5 | -1.33 | -126.76 | -117.85 | -6.91 | -69.64 | -72.43 |
23Q2 (15) | 46 | 0.0 | 0.0 | 0.12 | -14.29 | -45.45 | 0.11 | -26.67 | -52.17 | 0.26 | 85.71 | -65.79 | 1.1 | -12.0 | -11.29 | 64.97 | 10.34 | -0.6 | 5.33 | 3.29 | -37.07 | 4.97 | -4.24 | -38.79 | 0.06 | 0.0 | -40.0 | 0.05 | -16.67 | -50.0 | 5.58 | 26.53 | -29.28 | 4.97 | -4.24 | -38.79 | -9.36 | -36.55 | -39.89 |
23Q1 (14) | 46 | 0.0 | 0.0 | 0.14 | -58.82 | -74.07 | 0.15 | -53.12 | -70.59 | 0.14 | -89.23 | -74.07 | 1.25 | -6.72 | -16.11 | 58.88 | -9.33 | -4.82 | 5.16 | -56.49 | -68.71 | 5.19 | -55.1 | -68.87 | 0.06 | -62.5 | -76.0 | 0.06 | -60.0 | -76.0 | 4.41 | -62.4 | -73.81 | 5.19 | -55.1 | -68.87 | 1.56 | 5.59 | 17.56 |
22Q4 (13) | 46 | 0.0 | 0.0 | 0.34 | 70.0 | -40.35 | 0.32 | 88.24 | -39.62 | 1.30 | 35.42 | 27.45 | 1.34 | 9.84 | -17.79 | 64.94 | 3.42 | 5.65 | 11.86 | 97.67 | -27.59 | 11.56 | 55.17 | -27.3 | 0.16 | 128.57 | -40.74 | 0.15 | 66.67 | -42.31 | 11.73 | 63.6 | -30.18 | 11.56 | 55.17 | -27.3 | 4.12 | 30.45 | 31.07 |
22Q3 (12) | 46 | 0.0 | 0.0 | 0.20 | -9.09 | -55.56 | 0.17 | -26.09 | -57.5 | 0.96 | 26.32 | 113.33 | 1.22 | -1.61 | -23.27 | 62.79 | -3.93 | 7.41 | 6.00 | -29.16 | -49.45 | 7.45 | -8.25 | -42.74 | 0.07 | -30.0 | -63.16 | 0.09 | -10.0 | -57.14 | 7.17 | -9.13 | -44.63 | 7.45 | -8.25 | -42.74 | -9.20 | -34.17 | -40.49 |
22Q2 (11) | 46 | 0.0 | 0.0 | 0.22 | -59.26 | -15.38 | 0.23 | -54.9 | 21.05 | 0.76 | 40.74 | 0 | 1.24 | -16.78 | -8.82 | 65.36 | 5.66 | 8.43 | 8.47 | -48.64 | 21.35 | 8.12 | -51.29 | -7.41 | 0.1 | -60.0 | 0.0 | 0.1 | -60.0 | -16.67 | 7.89 | -53.15 | -16.6 | 8.12 | -51.29 | -7.41 | -12.69 | -32.26 | -29.34 |
22Q1 (10) | 46 | 0.0 | 0.0 | 0.54 | -5.26 | 307.69 | 0.51 | -3.77 | 296.15 | 0.54 | -47.06 | 307.69 | 1.49 | -8.59 | 31.86 | 61.86 | 0.63 | 11.04 | 16.49 | 0.67 | 252.83 | 16.67 | 4.84 | 257.12 | 0.25 | -7.41 | 308.33 | 0.25 | -3.85 | 308.33 | 16.84 | 0.24 | 256.8 | 16.67 | 4.84 | 257.12 | -3.04 | 10.71 | 14.37 |
21Q4 (9) | 46 | 0.0 | 0.0 | 0.57 | 26.67 | 296.55 | 0.53 | 32.5 | 289.29 | 1.02 | 126.67 | 190.27 | 1.63 | 2.52 | 48.18 | 61.47 | 5.15 | 7.65 | 16.38 | 37.99 | 224.18 | 15.90 | 22.21 | 231.73 | 0.27 | 42.11 | 280.0 | 0.26 | 23.81 | 300.0 | 16.80 | 29.73 | 231.05 | 15.90 | 22.21 | 231.73 | 9.71 | 49.88 | 71.52 |
21Q3 (8) | 46 | 0.0 | 0.0 | 0.45 | 73.08 | 212.5 | 0.40 | 110.53 | 205.26 | 0.45 | 0 | 153.57 | 1.59 | 16.91 | 65.62 | 58.46 | -3.02 | -5.22 | 11.87 | 70.06 | 168.22 | 13.01 | 48.35 | 168.58 | 0.19 | 90.0 | 211.76 | 0.21 | 75.0 | 216.67 | 12.95 | 36.89 | 173.25 | 13.01 | 48.35 | 168.58 | 18.63 | 136.54 | 141.81 |
21Q2 (7) | 46 | 0.0 | 0.0 | 0.26 | 200.0 | 166.67 | 0.19 | 173.08 | 142.22 | 0.00 | 100.0 | 100.0 | 1.36 | 20.35 | 30.77 | 60.28 | 8.2 | 6.84 | 6.98 | 164.69 | 137.67 | 8.77 | 182.66 | 150.55 | 0.1 | 183.33 | 152.63 | 0.12 | 200.0 | 166.67 | 9.46 | 188.08 | 160.64 | 8.77 | 182.66 | 150.55 | 11.54 | 105.17 | 90.11 |
21Q1 (6) | 46 | 0.0 | 0.0 | -0.26 | 10.34 | -420.0 | -0.26 | 7.14 | -1200.0 | -0.26 | 76.99 | -420.0 | 1.13 | 2.73 | -6.61 | 55.71 | -2.43 | -5.32 | -10.79 | 18.2 | -7607.14 | -10.61 | 12.1 | -516.86 | -0.12 | 20.0 | 0 | -0.12 | 7.69 | -500.0 | -10.74 | 16.22 | -913.21 | -10.61 | 12.1 | -516.86 | 8.65 | 18.92 | 16.73 |
20Q4 (5) | 46 | 0.0 | 0.0 | -0.29 | 27.5 | -203.57 | -0.28 | 26.32 | -200.0 | -1.13 | -34.52 | -10.78 | 1.1 | 14.58 | -16.03 | 57.10 | -7.43 | -5.68 | -13.19 | 24.2 | -241.52 | -12.07 | 36.37 | -225.08 | -0.15 | 11.76 | -225.0 | -0.13 | 27.78 | -200.0 | -12.82 | 27.49 | -239.35 | -12.07 | 36.37 | -225.08 | - | - | 0.00 |
20Q3 (4) | 46 | 0.0 | 0.0 | -0.40 | -2.56 | 0.0 | -0.38 | 15.56 | 0.0 | -0.84 | -90.91 | 0.0 | 0.96 | -7.69 | 0.0 | 61.68 | 9.32 | 0.0 | -17.40 | 6.1 | 0.0 | -18.97 | -9.34 | 0.0 | -0.17 | 10.53 | 0.0 | -0.18 | 0.0 | 0.0 | -17.68 | -13.33 | 0.0 | -18.97 | -9.34 | 0.0 | - | - | 0.00 |
20Q2 (3) | 46 | 0.0 | 0.0 | -0.39 | -680.0 | 0.0 | -0.45 | -2150.0 | 0.0 | -0.44 | -780.0 | 0.0 | 1.04 | -14.05 | 0.0 | 56.42 | -4.11 | 0.0 | -18.53 | -13135.71 | 0.0 | -17.35 | -908.72 | 0.0 | -0.19 | 0 | 0.0 | -0.18 | -800.0 | 0.0 | -15.60 | -1371.7 | 0.0 | -17.35 | -908.72 | 0.0 | - | - | 0.00 |
20Q1 (2) | 46 | 0.0 | 0.0 | -0.05 | -117.86 | 0.0 | -0.02 | -107.14 | 0.0 | -0.05 | 95.1 | 0.0 | 1.21 | -7.63 | 0.0 | 58.84 | -2.81 | 0.0 | -0.14 | -101.5 | 0.0 | -1.72 | -117.82 | 0.0 | 0 | -100.0 | 0.0 | -0.02 | -115.38 | 0.0 | -1.06 | -111.52 | 0.0 | -1.72 | -117.82 | 0.0 | - | - | 0.00 |
19Q4 (1) | 46 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | -1.02 | 0.0 | 0.0 | 1.31 | 0.0 | 0.0 | 60.54 | 0.0 | 0.0 | 9.32 | 0.0 | 0.0 | 9.65 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 9.20 | 0.0 | 0.0 | 9.65 | 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 | 自結稅前EPS | 自結稅前累計EPS | 備註(年增率變動50%需說明原因) |
---|---|---|---|---|---|---|---|---|---|---|
2024/10 | 0.29 | -2.72 | -35.21 | 3.23 | -16.21 | 0.92 | N/A | - | ||
2024/9 | 0.3 | -7.47 | -14.0 | 2.93 | -13.68 | 0.97 | 0.65 | - | ||
2024/8 | 0.33 | -6.25 | -9.22 | 2.63 | -13.64 | 0.92 | 0.68 | - | ||
2024/7 | 0.35 | 38.93 | -4.29 | 2.31 | -14.23 | 0.89 | 0.7 | - | ||
2024/6 | 0.25 | -15.99 | -38.61 | 1.96 | -15.78 | 0.83 | 0.85 | - | ||
2024/5 | 0.3 | 4.52 | -23.04 | 1.71 | -10.94 | 0.85 | 0.84 | - | ||
2024/4 | 0.28 | 7.22 | -8.9 | 1.41 | -7.89 | 0.86 | 0.82 | - | ||
2024/3 | 0.27 | -15.07 | -32.5 | 1.13 | -7.63 | 1.13 | 0.63 | - | ||
2024/2 | 0.31 | -43.17 | -8.26 | 0.86 | 4.17 | 1.23 | 0.58 | - | ||
2024/1 | 0.55 | 50.06 | 12.87 | 0.55 | 12.87 | 1.28 | 0.55 | - | ||
2023/12 | 0.37 | 1.08 | -13.2 | 4.58 | -13.94 | 1.18 | 0.64 | - | ||
2023/11 | 0.36 | -19.79 | -30.72 | 4.21 | -14.01 | 1.17 | 0.65 | - | ||
2023/10 | 0.45 | 29.11 | 8.04 | 3.85 | -12.01 | 1.16 | 0.65 | - | ||
2023/9 | 0.35 | -2.33 | -4.66 | 3.4 | -14.13 | 1.07 | 0.79 | - | ||
2023/8 | 0.36 | -1.16 | -23.24 | 3.05 | -15.1 | 1.13 | 0.75 | - | ||
2023/7 | 0.36 | -10.89 | -4.02 | 2.69 | -13.88 | 1.16 | 0.73 | - | ||
2023/6 | 0.41 | 5.31 | 0.41 | 2.33 | -15.24 | 1.11 | 0.87 | - | ||
2023/5 | 0.39 | 23.73 | -0.62 | 1.92 | -17.95 | 1.09 | 0.88 | - | ||
2023/4 | 0.31 | -20.55 | -28.37 | 1.53 | -21.41 | 1.05 | 0.92 | - | ||
2023/3 | 0.39 | 15.42 | -15.84 | 1.22 | -19.4 | 1.22 | 0.84 | - | ||
2023/2 | 0.34 | -30.08 | -24.47 | 0.83 | -20.99 | 1.25 | 0.82 | - | ||
2023/1 | 0.49 | 15.39 | -18.36 | 0.49 | -18.36 | 1.43 | 0.72 | - | ||
2022/12 | 0.42 | -19.32 | -8.37 | 5.32 | -6.56 | 1.36 | 0.7 | - | ||
2022/11 | 0.52 | 25.09 | -8.19 | 4.9 | -6.4 | 1.31 | 0.73 | - | ||
2022/10 | 0.42 | 13.92 | -29.48 | 4.38 | -6.18 | 1.25 | 0.76 | - | ||
2022/9 | 0.37 | -21.36 | -29.31 | 3.96 | -2.78 | 1.21 | 0.8 | - | ||
2022/8 | 0.47 | 23.58 | -17.14 | 3.59 | 1.09 | 1.25 | 0.78 | - | ||
2022/7 | 0.38 | -6.77 | -23.2 | 3.12 | 4.53 | 1.17 | 0.83 | - | ||
2022/6 | 0.41 | 4.23 | -33.33 | 2.75 | 10.0 | 1.23 | 0.69 | - | ||
2022/5 | 0.39 | -10.82 | 3.69 | 2.34 | 23.96 | 1.29 | 0.66 | - | ||
2022/4 | 0.44 | -6.66 | 10.62 | 1.95 | 28.99 | 1.36 | 0.63 | - | ||
2022/3 | 0.47 | 3.58 | 5.86 | 1.52 | 35.47 | 1.52 | 0.44 | - | ||
2022/2 | 0.45 | -24.42 | 81.04 | 1.05 | 54.77 | 1.51 | 0.44 | 本公司提升免疫力產品,受疫情影響銷量增加,及代理巿場熱門石墨烯商品,導致營收增加。 | ||
2022/1 | 0.6 | 29.5 | 39.47 | 0.6 | 39.47 | 1.63 | 0.41 | - | ||
2021/12 | 0.46 | -19.16 | 4.28 | 5.7 | 32.89 | 1.62 | 0.38 | - | ||
2021/11 | 0.57 | -3.9 | 59.44 | 5.24 | 36.18 | 1.68 | 0.36 | 防疫期間新品上市與提升免疫產品銷量增加,導致營收較去年同期增加 | ||
2021/10 | 0.59 | 14.18 | 86.36 | 4.67 | 33.79 | 1.68 | 0.36 | 防疫期間新品上市與提升免疫產品銷量增加,導致營收較去年同期增加 | ||
2021/9 | 0.52 | -7.82 | 73.31 | 4.07 | 28.51 | 1.58 | 0.41 | 防疫期間消費者透過電視、網路購物比重提高,及新品上市與提升免疫產品銷量增加,導致營收較去年同期增加 | ||
2021/8 | 0.56 | 14.55 | 84.73 | 3.55 | 23.82 | 1.66 | 0.38 | 防疫期間消費者透過電視、網路購物比重提高,及新品上市,導致營收較去年同期增加 | ||
2021/7 | 0.49 | -19.07 | 54.59 | 2.99 | 16.57 | 1.48 | 0.43 | 受疫情影響,提升免疫產品銷量大幅增加。 | ||
2021/6 | 0.61 | 62.11 | 92.64 | 2.5 | 11.18 | 1.38 | 0.45 | 受疫情影響,防疫產品銷量大幅增加。 | ||
2021/5 | 0.38 | -4.85 | -1.63 | 1.89 | -2.14 | 1.21 | 0.51 | - | ||
2021/4 | 0.39 | -10.68 | 10.09 | 1.51 | -2.26 | 1.09 | 0.57 | - | ||
2021/3 | 0.44 | 77.15 | 21.23 | 1.12 | -5.98 | 1.12 | 0.46 | - | ||
2021/2 | 0.25 | -41.77 | -38.71 | 0.68 | -17.99 | 1.12 | 0.46 | - | ||
2021/1 | 0.43 | -3.17 | 2.11 | 0.43 | 2.11 | 1.23 | 0.42 | - | ||
2020/12 | 0.44 | 23.59 | -15.42 | 4.29 | -1.35 | 1.12 | 0.47 | - | ||
2020/11 | 0.36 | 12.31 | -15.3 | 3.85 | 0.56 | 0.98 | 0.54 | - | ||
2020/10 | 0.32 | 6.19 | -20.19 | 3.49 | 2.53 | 0.92 | 0.57 | - | ||
2020/9 | 0.3 | -1.75 | 2.99 | 3.17 | 5.55 | 0.92 | 0.58 | - | ||
2020/8 | 0.31 | -4.13 | 22.17 | 2.87 | 5.83 | 0.94 | 0.57 | - | ||
2020/7 | 0.32 | 0.84 | -15.81 | 2.56 | 4.17 | 1.02 | 0.53 | - | ||
2020/6 | 0.32 | -17.22 | 4.15 | 2.25 | 7.79 | 1.06 | 0.51 | - | ||
2020/5 | 0.38 | 6.48 | -2.3 | 1.93 | 8.42 | 1.1 | 0.49 | - | ||
2020/4 | 0.36 | -1.64 | 13.89 | 1.55 | 11.43 | 1.13 | 0.48 | - | ||
2020/3 | 0.36 | -10.44 | 16.75 | 1.19 | 10.71 | 1.19 | 0.53 | - | ||
2020/2 | 0.41 | -2.98 | 49.68 | 0.83 | 8.24 | 1.35 | 0.47 | - | ||
2020/1 | 0.42 | -19.8 | -14.67 | 0.42 | -14.67 | 1.36 | 0.46 | - | ||
2019/12 | 0.52 | 23.76 | 50.18 | 4.35 | -18.44 | 0.0 | N/A | 新品上市,致本月銷售金額增加。 | ||
2019/11 | 0.42 | 5.83 | -31.01 | 3.82 | -23.24 | 0.0 | N/A | - |
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) | 46 | 0.0 | 0.39 | -70.0 | 0.43 | -65.04 | 4.6 | -13.04 | 62.21 | -2.31 | 4.44 | -59.75 | 3.85 | -65.78 | 0.2 | -65.52 | 0.18 | -69.49 | 0.18 | -69.49 |
2022 (9) | 46 | 0.0 | 1.30 | 27.45 | 1.23 | 41.38 | 5.29 | -7.36 | 63.68 | 7.55 | 11.03 | 46.68 | 11.25 | 37.87 | 0.58 | 34.88 | 0.59 | 20.41 | 0.59 | 25.53 |
2021 (8) | 46 | 0.0 | 1.02 | 0 | 0.87 | 0 | 5.71 | 32.48 | 59.21 | 1.3 | 7.52 | 0 | 8.16 | 0 | 0.43 | 0 | 0.49 | 0 | 0.47 | 0 |
2020 (7) | 46 | 0.0 | -1.13 | 0 | -1.15 | 0 | 4.31 | -1.15 | 58.45 | -1.57 | -11.76 | 0 | -11.98 | 0 | -0.51 | 0 | -0.49 | 0 | -0.52 | 0 |
2019 (6) | 46 | 0.0 | -1.02 | 0 | -1.04 | 0 | 4.36 | -18.35 | 59.38 | 12.7 | -9.96 | 0 | -10.73 | 0 | -0.43 | 0 | -0.42 | 0 | -0.47 | 0 |
2018 (5) | 46 | 0.0 | -2.07 | 0 | -1.34 | 0 | 5.34 | 3.69 | 52.69 | 6.08 | -12.19 | 0 | -17.77 | 0 | -0.65 | 0 | -0.96 | 0 | -0.94 | 0 |
2017 (4) | 46 | 0.0 | -4.45 | 0 | -4.28 | 0 | 5.15 | -31.88 | 49.67 | -16.79 | -37.92 | 0 | -39.48 | 0 | -1.95 | 0 | -1.97 | 0 | -2.03 | 0 |
2016 (3) | 46 | 0.0 | -1.17 | 0 | -0.66 | 0 | 7.56 | -10.11 | 59.69 | -6.27 | -4.27 | 0 | -7.06 | 0 | -0.32 | 0 | -0.54 | 0 | -0.53 | 0 |
2015 (2) | 46 | 0.0 | 1.07 | -20.15 | 1.26 | -13.1 | 8.41 | -0.36 | 63.68 | 4.91 | 8.72 | -11.65 | 5.84 | -19.89 | 0.73 | -12.05 | 0.63 | -17.11 | 0.49 | -19.67 |
2014 (1) | 46 | 0.0 | 1.34 | 25.23 | 1.45 | 11.54 | 8.44 | -8.06 | 60.70 | 0 | 9.87 | 0 | 7.29 | 0 | 0.83 | 9.21 | 0.76 | 18.75 | 0.61 | 24.49 |