- 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) | 35 | 0.0 | 0.0 | 1.79 | -47.66 | -26.34 | 2.11 | -34.67 | 0.0 | 8.30 | 27.3 | 57.79 | 3.09 | -31.33 | -7.49 | 42.43 | -6.93 | 6.72 | 29.14 | -8.1 | 2.03 | 20.35 | -23.73 | -20.26 | 0.9 | -37.06 | -5.26 | 0.63 | -47.5 | -25.88 | 25.44 | -23.74 | -20.25 | 20.35 | -23.73 | -20.26 | -11.58 | -18.67 | -8.40 |
24Q2 (19) | 35 | 0.0 | 0.0 | 3.42 | 10.32 | 94.32 | 3.23 | 17.88 | 105.73 | 6.52 | 110.32 | 130.39 | 4.5 | 8.17 | 72.41 | 45.59 | 6.79 | 18.42 | 31.71 | 7.06 | 20.2 | 26.68 | 1.95 | 12.38 | 1.43 | 16.26 | 107.25 | 1.2 | 10.09 | 93.55 | 33.36 | 1.96 | 14.05 | 26.68 | 1.95 | 12.38 | 30.28 | 56.47 | 26.43 |
24Q1 (18) | 35 | 0.0 | 0.0 | 3.10 | 102.61 | 189.72 | 2.74 | 34.98 | 117.46 | 3.10 | -54.34 | 189.72 | 4.16 | 52.38 | 79.31 | 42.69 | 4.35 | 24.82 | 29.62 | -4.57 | 29.68 | 26.17 | 33.18 | 61.54 | 1.23 | 44.71 | 132.08 | 1.09 | 101.85 | 186.84 | 32.72 | 32.85 | 61.58 | 26.17 | 33.18 | 61.54 | 17.06 | 32.78 | 15.59 |
23Q4 (17) | 35 | 0.0 | 0.0 | 1.53 | -37.04 | 101.32 | 2.03 | -3.79 | 61.11 | 6.79 | 29.09 | -34.08 | 2.73 | -18.26 | 9.2 | 40.91 | 2.89 | 15.6 | 31.04 | 8.68 | 50.75 | 19.65 | -23.0 | 85.03 | 0.85 | -10.53 | 63.46 | 0.54 | -36.47 | 100.0 | 24.63 | -22.79 | 77.58 | 19.65 | -23.0 | 85.03 | 4.85 | 0.52 | 15.30 |
23Q3 (16) | 35 | 0.0 | 0.0 | 2.43 | 38.07 | -27.25 | 2.11 | 34.39 | -1.4 | 5.26 | 85.87 | -44.86 | 3.34 | 27.97 | -18.73 | 39.76 | 3.27 | 2.26 | 28.56 | 8.26 | 12.53 | 25.52 | 7.5 | -10.68 | 0.95 | 37.68 | -8.65 | 0.85 | 37.1 | -27.35 | 31.90 | 9.06 | -10.67 | 25.52 | 7.5 | -10.68 | 20.23 | 51.28 | 29.50 |
23Q2 (15) | 35 | 0.0 | 0.0 | 1.76 | 64.49 | -45.0 | 1.57 | 24.6 | -33.76 | 2.83 | 164.49 | -54.35 | 2.61 | 12.5 | -45.96 | 38.50 | 12.57 | 1.77 | 26.38 | 15.5 | 15.0 | 23.74 | 46.54 | 1.98 | 0.69 | 30.19 | -37.84 | 0.62 | 63.16 | -44.64 | 29.25 | 44.44 | 1.35 | 23.74 | 46.54 | 1.98 | 2.65 | 52.64 | 12.30 |
23Q1 (14) | 35 | 0.0 | 0.0 | 1.07 | 40.79 | -64.33 | 1.26 | 0.0 | -44.98 | 1.07 | -89.61 | -64.33 | 2.32 | -7.2 | -56.23 | 34.20 | -3.36 | 8.47 | 22.84 | 10.93 | 13.01 | 16.20 | 52.54 | -18.55 | 0.53 | 1.92 | -50.47 | 0.38 | 40.74 | -63.81 | 20.25 | 46.0 | -18.58 | 16.20 | 52.54 | -18.55 | -23.19 | -18.23 | -20.56 |
22Q4 (13) | 35 | 0.0 | 0.0 | 0.76 | -77.25 | -66.07 | 1.26 | -41.12 | -48.15 | 10.30 | 7.97 | 2.18 | 2.5 | -39.17 | -49.39 | 35.39 | -8.98 | 4.74 | 20.59 | -18.87 | -3.65 | 10.62 | -62.83 | -33.33 | 0.52 | -50.0 | -50.94 | 0.27 | -76.92 | -65.82 | 13.87 | -61.16 | -31.37 | 10.62 | -62.83 | -33.33 | -27.04 | -36.44 | -25.41 |
22Q3 (12) | 35 | 0.0 | 0.0 | 3.34 | 4.37 | 42.74 | 2.14 | -9.7 | -9.7 | 9.54 | 53.87 | 21.68 | 4.11 | -14.91 | -27.13 | 38.88 | 2.78 | 14.93 | 25.38 | 10.64 | 37.19 | 28.57 | 22.72 | 95.82 | 1.04 | -6.31 | 0.0 | 1.17 | 4.46 | 42.68 | 35.71 | 23.74 | 95.78 | 28.57 | 22.72 | 95.82 | -11.89 | 5.52 | -3.10 |
22Q2 (11) | 35 | 0.0 | 0.0 | 3.20 | 6.67 | 18.96 | 2.37 | 3.49 | -24.52 | 6.20 | 106.67 | 12.73 | 4.83 | -8.87 | -26.26 | 37.83 | 19.98 | 3.5 | 22.94 | 13.51 | 11.25 | 23.28 | 17.04 | 61.22 | 1.11 | 3.74 | -17.78 | 1.12 | 6.67 | 17.89 | 28.86 | 16.04 | 58.14 | 23.28 | 17.04 | 61.22 | -0.79 | 20.30 | -1.13 |
22Q1 (10) | 35 | 0.0 | 0.0 | 3.00 | 33.93 | 7.14 | 2.29 | -5.76 | -21.31 | 3.00 | -70.24 | 7.14 | 5.3 | 7.29 | -7.67 | 31.53 | -6.69 | -14.46 | 20.21 | -5.43 | -8.51 | 19.89 | 24.86 | 15.98 | 1.07 | 0.94 | -15.75 | 1.05 | 32.91 | 7.14 | 24.87 | 23.06 | 16.0 | 19.89 | 24.86 | 15.98 | -2.56 | 14.83 | -1.61 |
21Q4 (9) | 35 | 0.0 | 0.0 | 2.24 | -4.27 | -33.33 | 2.43 | 2.53 | -36.05 | 10.08 | 28.57 | -9.19 | 4.94 | -12.41 | -16.13 | 33.79 | -0.12 | -14.2 | 21.37 | 15.51 | -22.35 | 15.93 | 9.18 | -20.23 | 1.06 | 1.92 | -34.57 | 0.79 | -3.66 | -33.05 | 20.21 | 10.8 | -18.84 | 15.93 | 9.18 | -20.23 | -13.15 | -8.64 | -10.99 |
21Q3 (8) | 35 | 0.0 | 0.0 | 2.34 | -13.01 | -13.01 | 2.37 | -24.52 | -21.0 | 7.84 | 42.55 | 1.82 | 5.64 | -13.89 | 22.08 | 33.83 | -7.44 | -11.18 | 18.50 | -10.28 | -33.19 | 14.59 | 1.04 | -28.83 | 1.04 | -22.96 | -18.75 | 0.82 | -13.68 | -13.68 | 18.24 | -0.05 | -28.83 | 14.59 | 1.04 | -28.83 | 0.11 | -8.47 | -8.31 |
21Q2 (7) | 35 | 0.0 | 0.0 | 2.69 | -3.93 | 6.75 | 3.14 | 7.9 | 13.36 | 5.50 | 96.43 | 8.91 | 6.55 | 14.11 | 55.95 | 36.55 | -0.84 | -11.67 | 20.62 | -6.65 | -26.72 | 14.44 | -15.8 | -30.81 | 1.35 | 6.3 | 14.41 | 0.95 | -3.06 | 7.95 | 18.25 | -14.88 | -30.05 | 14.44 | -15.8 | -30.81 | 5.78 | -10.30 | -7.76 |
21Q1 (6) | 35 | 0.0 | 0.0 | 2.80 | -16.67 | 11.11 | 2.91 | -23.42 | 18.29 | 2.80 | -74.77 | 11.11 | 5.74 | -2.55 | 40.34 | 36.86 | -6.4 | -6.4 | 22.09 | -19.73 | -16.04 | 17.15 | -14.12 | -20.86 | 1.27 | -21.6 | 17.59 | 0.98 | -16.95 | 10.11 | 21.44 | -13.9 | -20.83 | 17.15 | -14.12 | -20.86 | 12.47 | 4.12 | 1.62 |
20Q4 (5) | 35 | 0.0 | 0.0 | 3.36 | 24.91 | 107.41 | 3.80 | 26.67 | 72.73 | 11.10 | 44.16 | 23.33 | 5.89 | 27.49 | 71.72 | 39.38 | 3.39 | 2.74 | 27.52 | -0.61 | 3.34 | 19.97 | -2.59 | 20.23 | 1.62 | 26.56 | 78.02 | 1.18 | 24.21 | 107.02 | 24.90 | -2.85 | 19.31 | 19.97 | -2.59 | 20.23 | - | - | 0.00 |
20Q3 (4) | 35 | 0.0 | 0.0 | 2.69 | 6.75 | 0.0 | 3.00 | 8.3 | 0.0 | 7.70 | 52.48 | 0.0 | 4.62 | 10.0 | 0.0 | 38.09 | -7.95 | 0.0 | 27.69 | -1.6 | 0.0 | 20.50 | -1.77 | 0.0 | 1.28 | 8.47 | 0.0 | 0.95 | 7.95 | 0.0 | 25.63 | -1.76 | 0.0 | 20.50 | -1.77 | 0.0 | - | - | 0.00 |
20Q2 (3) | 35 | 0.0 | 0.0 | 2.52 | 0.0 | 0.0 | 2.77 | 12.6 | 0.0 | 5.05 | 100.4 | 0.0 | 4.2 | 2.69 | 0.0 | 41.38 | 5.08 | 0.0 | 28.14 | 6.96 | 0.0 | 20.87 | -3.69 | 0.0 | 1.18 | 9.26 | 0.0 | 0.88 | -1.12 | 0.0 | 26.09 | -3.66 | 0.0 | 20.87 | -3.69 | 0.0 | - | - | 0.00 |
20Q1 (2) | 35 | 0.0 | 0.0 | 2.52 | 55.56 | 0.0 | 2.46 | 11.82 | 0.0 | 2.52 | -72.0 | 0.0 | 4.09 | 19.24 | 0.0 | 39.38 | 2.74 | 0.0 | 26.31 | -1.2 | 0.0 | 21.67 | 30.46 | 0.0 | 1.08 | 18.68 | 0.0 | 0.89 | 56.14 | 0.0 | 27.08 | 29.76 | 0.0 | 21.67 | 30.46 | 0.0 | - | - | 0.00 |
19Q4 (1) | 35 | 0.0 | 0.0 | 1.62 | 0.0 | 0.0 | 2.20 | 0.0 | 0.0 | 9.00 | 0.0 | 0.0 | 3.43 | 0.0 | 0.0 | 38.33 | 0.0 | 0.0 | 26.63 | 0.0 | 0.0 | 16.61 | 0.0 | 0.0 | 0.91 | 0.0 | 0.0 | 0.57 | 0.0 | 0.0 | 20.87 | 0.0 | 0.0 | 16.61 | 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) |
---|---|---|---|---|---|---|---|---|---|---|
2024/11 | 0.98 | 5.93 | 13.4 | 13.65 | 35.5 | 2.74 | N/A | - | ||
2024/10 | 0.93 | 11.2 | -1.28 | 12.67 | 37.57 | 2.76 | N/A | - | ||
2024/9 | 0.83 | -17.0 | -29.49 | 11.75 | 41.98 | 3.09 | 1.55 | - | ||
2024/8 | 1.0 | -19.83 | -12.81 | 10.92 | 53.88 | 3.5 | 1.37 | 上半年訂單回流 | ||
2024/7 | 1.25 | 0.26 | 23.62 | 9.91 | 66.79 | 4.07 | 1.18 | 訂單回流 | ||
2024/6 | 1.25 | -20.45 | 27.04 | 8.66 | 75.66 | 4.5 | 1.11 | 訂單回流 | ||
2024/5 | 1.57 | -7.04 | 73.9 | 7.41 | 87.75 | 4.97 | 1.0 | 訂單回流 | ||
2024/4 | 1.69 | -1.71 | 133.39 | 5.84 | 91.85 | 4.65 | 1.07 | 接到新客戶訂單及原有客戶訂單回流 | ||
2024/3 | 1.72 | 37.72 | 76.91 | 4.16 | 78.92 | 4.16 | 1.27 | 急單拉貨 | ||
2024/2 | 1.25 | 4.67 | 66.17 | 2.44 | 80.36 | 3.37 | 1.57 | 訂單回流 | ||
2024/1 | 1.19 | 28.56 | 98.07 | 1.19 | 98.07 | 2.98 | 1.77 | 之前流失訂單回流,並接獲新訂單. | ||
2023/12 | 0.93 | 7.15 | 15.81 | 11.0 | -34.27 | 2.73 | 1.82 | - | ||
2023/11 | 0.86 | -7.78 | 7.97 | 10.08 | -36.78 | 2.98 | 1.67 | - | ||
2023/10 | 0.94 | -20.57 | 3.93 | 9.21 | -39.15 | 3.27 | 1.52 | - | ||
2023/9 | 1.18 | 2.62 | 6.96 | 8.27 | -41.88 | 3.34 | 1.51 | - | ||
2023/8 | 1.15 | 13.67 | -23.33 | 7.09 | -45.99 | 3.15 | 1.61 | - | ||
2023/7 | 1.01 | 3.04 | -32.55 | 5.94 | -48.91 | 2.9 | 1.74 | - | ||
2023/6 | 0.98 | 8.87 | -43.91 | 4.93 | -51.33 | 2.61 | 1.97 | 訂單減少 | ||
2023/5 | 0.9 | 24.74 | -42.36 | 3.95 | -52.88 | 2.6 | 1.98 | 訂單減少 | ||
2023/4 | 0.72 | -25.5 | -52.25 | 3.05 | -55.3 | 2.44 | 2.11 | 訂單減少 | ||
2023/3 | 0.97 | 29.36 | -50.1 | 2.32 | -56.17 | 2.32 | 2.28 | 訂單減少 | ||
2023/2 | 0.75 | 24.76 | -49.87 | 1.35 | -59.69 | 2.15 | 2.46 | 訂單減少 | ||
2023/1 | 0.6 | -24.82 | -67.61 | 0.6 | -67.61 | 2.2 | 2.4 | 訂單減少 | ||
2022/12 | 0.8 | -0.09 | -44.68 | 16.74 | -26.82 | 2.5 | 2.06 | - | ||
2022/11 | 0.8 | -11.24 | -57.69 | 15.94 | -25.62 | 2.81 | 1.84 | 訂單減少 | ||
2022/10 | 0.9 | -18.25 | -43.65 | 15.14 | -22.51 | 3.51 | 1.47 | - | ||
2022/9 | 1.1 | -26.45 | -43.11 | 14.24 | -20.62 | 4.11 | 1.28 | - | ||
2022/8 | 1.5 | 0.0 | -21.04 | 13.13 | -17.89 | 4.75 | 1.1 | - | ||
2022/7 | 1.5 | -14.31 | -16.78 | 11.63 | -17.47 | 4.82 | 1.09 | - | ||
2022/6 | 1.75 | 11.89 | -20.26 | 10.13 | -17.57 | 4.83 | 1.09 | - | ||
2022/5 | 1.57 | 3.32 | -28.28 | 8.38 | -16.99 | 5.03 | 1.05 | - | ||
2022/4 | 1.51 | -22.14 | -30.37 | 6.82 | -13.87 | 4.96 | 1.07 | - | ||
2022/3 | 1.95 | 29.96 | -7.42 | 5.3 | -7.62 | 5.3 | 0.92 | - | ||
2022/2 | 1.5 | -19.39 | -16.65 | 3.35 | -7.73 | 4.8 | 1.01 | - | ||
2022/1 | 1.86 | 28.39 | 0.97 | 1.86 | 0.97 | 5.2 | 0.94 | - | ||
2021/12 | 1.45 | -23.59 | -19.42 | 22.88 | 21.69 | 4.94 | 1.06 | - | ||
2021/11 | 1.89 | 18.22 | -8.61 | 21.43 | 26.04 | 5.44 | 0.96 | - | ||
2021/10 | 1.6 | -17.47 | -20.94 | 19.54 | 30.84 | 5.44 | 0.96 | - | ||
2021/9 | 1.94 | 2.09 | 0.02 | 17.94 | 38.97 | 5.64 | 0.86 | - | ||
2021/8 | 1.9 | 5.39 | 30.88 | 16.0 | 45.87 | 5.9 | 0.82 | - | ||
2021/7 | 1.8 | -17.89 | 47.39 | 14.1 | 48.15 | 6.18 | 0.78 | - | ||
2021/6 | 2.2 | 0.64 | 72.27 | 12.29 | 48.27 | 6.55 | 0.68 | 接單續旺 | ||
2021/5 | 2.18 | 0.31 | 48.33 | 10.1 | 43.9 | 6.46 | 0.69 | - | ||
2021/4 | 2.18 | 3.51 | 50.01 | 7.91 | 42.73 | 6.07 | 0.73 | 接單暢旺 | ||
2021/3 | 2.1 | 17.0 | 38.89 | 5.74 | 40.15 | 5.74 | 0.72 | - | ||
2021/2 | 1.8 | -2.34 | 37.6 | 3.64 | 40.89 | 5.43 | 0.76 | - | ||
2021/1 | 1.84 | 2.45 | 44.25 | 1.84 | 44.25 | 5.71 | 0.72 | - | ||
2020/12 | 1.8 | -13.34 | 41.1 | 18.8 | 27.93 | 5.89 | 0.7 | - | ||
2020/11 | 2.07 | 2.26 | 84.77 | 17.0 | 26.68 | 6.04 | 0.68 | 開發新客戶效益顯現 | ||
2020/10 | 2.03 | 4.42 | 94.77 | 14.93 | 21.38 | 5.42 | 0.76 | 本月出貨增加 | ||
2020/9 | 1.94 | 33.59 | 124.3 | 12.91 | 14.6 | 4.62 | 0.8 | 1.本月創歷 史新高。2.去年客戶延緩交貨,比較基期較低。 | ||
2020/8 | 1.45 | 18.68 | 19.89 | 10.97 | 5.48 | 3.95 | 0.93 | - | ||
2020/7 | 1.22 | -4.04 | 1.51 | 9.51 | 3.58 | 3.97 | 0.93 | - | ||
2020/6 | 1.28 | -13.34 | 10.49 | 8.29 | 3.89 | 4.2 | 0.83 | - | ||
2020/5 | 1.47 | 1.44 | 5.46 | 7.02 | 2.77 | 4.44 | 0.78 | - | ||
2020/4 | 1.45 | -4.15 | 3.96 | 5.54 | 2.08 | 4.27 | 0.81 | - | ||
2020/3 | 1.51 | 15.92 | 3.26 | 4.09 | 1.43 | 4.09 | 0.81 | - | ||
2020/2 | 1.31 | 2.37 | 13.5 | 2.58 | 0.39 | 3.85 | 0.86 | - | ||
2020/1 | 1.28 | 0.21 | -10.21 | 1.28 | -10.21 | 0.0 | N/A | - | ||
2019/12 | 1.27 | 13.47 | 10.81 | 14.69 | 6.63 | 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) | 35 | 0.0 | 6.77 | -34.14 | 6.97 | -13.84 | 11.0 | -34.29 | 38.57 | 7.95 | 27.45 | 22.98 | 21.68 | 0.32 | 3.02 | -19.25 | 2.97 | -34.44 | 2.39 | -33.98 |
2022 (9) | 35 | 0.0 | 10.28 | 2.19 | 8.09 | -25.51 | 16.74 | -26.84 | 35.73 | 1.05 | 22.32 | 8.19 | 21.61 | 39.6 | 3.74 | -20.76 | 4.53 | 1.57 | 3.62 | 2.26 |
2021 (8) | 35 | 0.0 | 10.06 | -9.21 | 10.86 | -9.27 | 22.88 | 21.7 | 35.36 | -10.5 | 20.63 | -24.82 | 15.48 | -25.11 | 4.72 | -8.53 | 4.46 | -8.04 | 3.54 | -9.0 |
2020 (7) | 35 | 0.0 | 11.08 | 23.39 | 11.97 | 30.11 | 18.8 | 27.98 | 39.51 | 1.49 | 27.44 | 0.07 | 20.67 | -3.95 | 5.16 | 28.04 | 4.85 | 22.17 | 3.89 | 23.1 |
2019 (6) | 35 | 0.0 | 8.98 | 3.94 | 9.20 | 12.61 | 14.69 | 6.6 | 38.93 | 3.37 | 27.42 | 4.46 | 21.52 | -2.58 | 4.03 | 11.33 | 3.97 | 4.47 | 3.16 | 3.95 |
2018 (5) | 35 | 0.0 | 8.64 | 0.82 | 8.17 | -14.36 | 13.78 | 2.38 | 37.66 | -5.68 | 26.25 | -11.02 | 22.09 | -1.56 | 3.62 | -8.82 | 3.8 | 4.11 | 3.04 | 0.66 |
2017 (4) | 35 | 0.0 | 8.57 | -17.52 | 9.54 | -8.0 | 13.46 | -3.03 | 39.93 | -6.57 | 29.50 | -6.76 | 22.44 | -14.94 | 3.97 | -9.57 | 3.65 | -17.42 | 3.02 | -17.49 |
2016 (3) | 35 | 0.0 | 10.39 | 17.4 | 10.37 | 26.0 | 13.88 | 10.77 | 42.74 | 3.29 | 31.64 | 7.29 | 26.38 | 5.99 | 4.39 | 18.97 | 4.42 | 12.47 | 3.66 | 17.31 |
2015 (2) | 35 | 0.0 | 8.85 | 1.37 | 8.23 | 3.26 | 12.53 | -0.95 | 41.38 | 9.62 | 29.49 | 12.47 | 24.89 | 2.39 | 3.69 | 11.14 | 3.93 | 9.17 | 3.12 | 1.3 |
2014 (1) | 35 | 6.06 | 8.73 | 42.88 | 7.97 | 42.32 | 12.65 | 26.25 | 37.75 | 0 | 26.22 | 0 | 24.31 | 0 | 3.32 | 44.98 | 3.6 | 51.26 | 3.08 | 50.98 |