- 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) | 84 | 10.53 | 10.53 | 3.51 | 15.08 | 59.55 | 3.69 | 25.94 | 95.24 | 8.02 | 77.83 | 54.23 | 35.97 | 12.83 | 41.5 | 46.52 | 4.73 | 16.27 | 20.16 | 13.45 | 54.6 | 14.64 | 9.17 | 40.36 | 7.25 | 28.09 | 119.03 | 2.95 | 22.41 | 76.65 | 19.73 | 11.98 | 47.9 | 14.64 | 9.17 | 40.36 | 28.34 | 61.99 | 91.48 |
24Q2 (19) | 76 | 0.0 | 0.0 | 3.05 | 108.9 | 69.44 | 2.93 | 157.02 | 80.86 | 4.51 | 208.9 | 50.33 | 31.88 | 43.86 | 25.31 | 44.42 | 2.11 | 13.75 | 17.77 | 82.07 | 23.92 | 13.41 | 62.35 | 38.25 | 5.66 | 162.04 | 55.07 | 2.41 | 117.12 | 77.21 | 17.62 | 69.1 | 22.87 | 13.41 | 62.35 | 38.25 | 18.11 | 207.23 | 72.02 |
24Q1 (18) | 76 | 0.0 | 0.0 | 1.46 | 305.56 | 21.67 | 1.14 | -12.98 | -27.85 | 1.46 | -73.69 | 21.67 | 22.16 | -7.63 | -6.89 | 43.50 | 18.82 | 18.85 | 9.76 | 31.54 | -11.35 | 8.26 | 260.7 | 20.23 | 2.16 | 21.35 | -17.56 | 1.11 | 311.11 | 23.33 | 10.42 | 164.47 | 13.14 | 8.26 | 260.7 | 20.23 | -6.63 | 110.96 | -21.84 |
23Q4 (17) | 76 | 0.0 | 1.33 | 0.36 | -83.64 | -57.65 | 1.31 | -30.69 | -22.02 | 5.55 | 6.73 | -50.67 | 23.99 | -5.63 | -15.85 | 36.61 | -8.5 | 6.73 | 7.42 | -43.1 | -23.19 | 2.29 | -78.04 | -44.69 | 1.78 | -46.22 | -35.27 | 0.27 | -83.83 | -57.81 | 3.94 | -70.46 | -43.39 | 2.29 | -78.04 | -44.69 | -2.85 | -30.71 | -7.01 |
23Q3 (16) | 76 | 0.0 | 1.33 | 2.20 | 22.22 | -48.48 | 1.89 | 16.67 | -36.79 | 5.20 | 73.33 | -50.05 | 25.42 | -0.08 | -28.35 | 40.01 | 2.46 | 13.5 | 13.04 | -9.07 | -13.3 | 10.43 | 7.53 | -18.13 | 3.31 | -9.32 | -38.01 | 1.67 | 22.79 | -47.98 | 13.34 | -6.97 | -21.62 | 10.43 | 7.53 | -18.13 | 3.40 | 36.11 | 9.60 |
23Q2 (15) | 76 | 0.0 | 1.33 | 1.80 | 50.0 | -42.31 | 1.62 | 2.53 | -39.78 | 3.00 | 150.0 | -51.06 | 25.44 | 6.89 | -12.7 | 39.05 | 6.69 | 10.84 | 14.34 | 30.25 | 9.47 | 9.70 | 41.19 | 3.3 | 3.65 | 39.31 | -4.45 | 1.36 | 51.11 | -41.88 | 14.34 | 55.7 | 7.34 | 9.70 | 41.19 | 3.3 | -4.81 | 45.59 | -1.71 |
23Q1 (14) | 76 | 1.33 | 1.33 | 1.20 | 41.18 | -60.26 | 1.58 | -5.95 | -42.34 | 1.20 | -89.33 | -60.26 | 23.8 | -16.52 | -10.53 | 36.60 | 6.71 | 3.98 | 11.01 | 13.98 | -9.31 | 6.87 | 65.94 | -24.59 | 2.62 | -4.73 | -18.89 | 0.9 | 40.62 | -60.35 | 9.21 | 32.33 | -23.5 | 6.87 | 65.94 | -24.59 | -18.08 | -19.46 | -24.88 |
22Q4 (13) | 75 | 0.0 | 0.0 | 0.85 | -80.09 | -64.73 | 1.68 | -43.81 | -37.78 | 11.25 | 8.07 | 81.16 | 28.51 | -19.64 | 2.44 | 34.30 | -2.7 | -0.92 | 9.66 | -35.77 | -24.88 | 4.14 | -67.5 | -44.95 | 2.75 | -48.5 | -23.18 | 0.64 | -80.06 | -64.44 | 6.96 | -59.11 | -37.75 | 4.14 | -67.5 | -44.95 | 1.06 | -21.62 | -16.33 |
22Q3 (12) | 75 | 0.0 | 0.0 | 4.27 | 36.86 | 101.42 | 2.99 | 11.15 | 22.04 | 10.41 | 69.82 | 173.23 | 35.48 | 21.76 | 51.95 | 35.25 | 0.06 | -3.05 | 15.04 | 14.81 | 12.49 | 12.74 | 35.68 | 51.67 | 5.34 | 39.79 | 71.15 | 3.21 | 37.18 | 101.89 | 17.02 | 27.4 | 49.96 | 12.74 | 35.68 | 51.67 | 15.66 | 20.09 | 4.67 |
22Q2 (11) | 75 | 0.0 | 0.0 | 3.12 | 3.31 | 166.67 | 2.69 | -1.82 | 25.12 | 6.13 | 102.98 | 262.72 | 29.14 | 9.55 | 37.26 | 35.23 | 0.09 | -2.19 | 13.10 | 7.91 | 14.71 | 9.39 | 3.07 | 75.84 | 3.82 | 18.27 | 57.2 | 2.34 | 3.08 | 168.97 | 13.36 | 10.96 | 91.13 | 9.39 | 3.07 | 75.84 | 2.57 | 14.31 | -0.17 |
22Q1 (10) | 75 | 0.0 | 0.0 | 3.02 | 25.31 | 480.77 | 2.74 | 1.48 | 134.19 | 3.02 | -51.37 | 480.77 | 26.6 | -4.42 | 34.82 | 35.20 | 1.68 | 1.21 | 12.14 | -5.6 | 66.53 | 9.11 | 21.14 | 247.71 | 3.23 | -9.78 | 124.31 | 2.27 | 26.11 | 482.05 | 12.04 | 7.69 | 179.35 | 9.11 | 21.14 | 247.71 | 7.39 | 19.49 | 5.84 |
21Q4 (9) | 75 | 0.0 | 0.0 | 2.41 | 13.68 | 322.81 | 2.70 | 10.2 | 87.5 | 6.21 | 62.99 | 276.36 | 27.83 | 19.19 | 24.3 | 34.62 | -4.79 | 10.96 | 12.86 | -3.81 | 78.86 | 7.52 | -10.48 | 652.0 | 3.58 | 14.74 | 122.36 | 1.8 | 13.21 | 318.6 | 11.18 | -1.5 | 201.35 | 7.52 | -10.48 | 652.0 | 14.59 | 47.44 | 12.07 |
21Q3 (8) | 75 | 0.0 | 0.0 | 2.12 | 81.2 | 315.69 | 2.45 | 13.95 | 113.04 | 3.81 | 125.44 | 252.78 | 23.35 | 9.99 | 11.94 | 36.36 | 0.94 | 16.91 | 13.37 | 17.08 | 103.5 | 8.40 | 57.3 | 311.76 | 3.12 | 28.4 | 127.74 | 1.59 | 82.76 | 307.69 | 11.35 | 62.37 | 199.47 | 8.40 | 57.3 | 311.76 | 8.79 | 103.10 | 48.86 |
21Q2 (7) | 75 | 0.0 | 0.0 | 1.17 | 125.0 | 234.29 | 2.15 | 83.76 | 86.96 | 1.69 | 225.0 | 196.49 | 21.23 | 7.6 | 11.68 | 36.02 | 3.57 | 7.88 | 11.42 | 56.65 | 124.8 | 5.34 | 103.82 | 327.2 | 2.43 | 68.75 | 150.52 | 0.87 | 123.08 | 234.62 | 6.99 | 62.18 | 417.78 | 5.34 | 103.82 | 327.2 | -2.14 | 58.12 | 32.51 |
21Q1 (6) | 75 | 0.0 | 0.0 | 0.52 | -8.77 | 136.36 | 1.17 | -18.75 | 53.95 | 0.52 | -68.48 | 136.36 | 19.73 | -11.88 | 5.85 | 34.78 | 11.47 | 0.03 | 7.29 | 1.39 | 87.4 | 2.62 | 162.0 | 181.72 | 1.44 | -10.56 | 100.0 | 0.39 | -9.3 | 143.75 | 4.31 | 16.17 | 226.52 | 2.62 | 162.0 | 181.72 | -2.28 | 1.50 | 3.23 |
20Q4 (5) | 75 | 0.0 | 0.0 | 0.57 | 11.76 | -51.28 | 1.44 | 25.22 | -40.74 | 1.65 | 52.78 | -73.08 | 22.39 | 7.33 | -8.31 | 31.20 | 0.32 | -14.07 | 7.19 | 9.44 | -34.99 | 1.00 | -50.98 | -73.4 | 1.61 | 17.52 | -40.37 | 0.43 | 10.26 | -51.14 | 3.71 | -2.11 | -41.3 | 1.00 | -50.98 | -73.4 | - | - | 0.00 |
20Q3 (4) | 75 | 0.0 | 0.0 | 0.51 | 45.71 | 0.0 | 1.15 | 0.0 | 0.0 | 1.08 | 89.47 | 0.0 | 20.86 | 9.73 | 0.0 | 31.10 | -6.86 | 0.0 | 6.57 | 29.33 | 0.0 | 2.04 | 63.2 | 0.0 | 1.37 | 41.24 | 0.0 | 0.39 | 50.0 | 0.0 | 3.79 | 180.74 | 0.0 | 2.04 | 63.2 | 0.0 | - | - | 0.00 |
20Q2 (3) | 75 | 0.0 | 0.0 | 0.35 | 59.09 | 0.0 | 1.15 | 51.32 | 0.0 | 0.57 | 159.09 | 0.0 | 19.01 | 1.98 | 0.0 | 33.39 | -3.97 | 0.0 | 5.08 | 30.59 | 0.0 | 1.25 | 34.41 | 0.0 | 0.97 | 34.72 | 0.0 | 0.26 | 62.5 | 0.0 | 1.35 | 2.27 | 0.0 | 1.25 | 34.41 | 0.0 | - | - | 0.00 |
20Q1 (2) | 75 | 0.0 | 0.0 | 0.22 | -81.2 | 0.0 | 0.76 | -68.72 | 0.0 | 0.22 | -96.41 | 0.0 | 18.64 | -23.67 | 0.0 | 34.77 | -4.24 | 0.0 | 3.89 | -64.83 | 0.0 | 0.93 | -75.27 | 0.0 | 0.72 | -73.33 | 0.0 | 0.16 | -81.82 | 0.0 | 1.32 | -79.11 | 0.0 | 0.93 | -75.27 | 0.0 | - | - | 0.00 |
19Q4 (1) | 75 | 0.0 | 0.0 | 1.17 | 0.0 | 0.0 | 2.43 | 0.0 | 0.0 | 6.13 | 0.0 | 0.0 | 24.42 | 0.0 | 0.0 | 36.31 | 0.0 | 0.0 | 11.06 | 0.0 | 0.0 | 3.76 | 0.0 | 0.0 | 2.7 | 0.0 | 0.0 | 0.88 | 0.0 | 0.0 | 6.32 | 0.0 | 0.0 | 3.76 | 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 | 12.81 | 6.35 | 62.58 | 102.82 | 24.53 | 37.08 | N/A | 主係O2O Solutions逐步回溫與Embedded Foundry需求強勁所致。 | ||
2024/9 | 12.05 | -1.45 | 33.79 | 90.01 | 20.51 | 35.97 | 0.89 | - | ||
2024/8 | 12.22 | 4.46 | 48.9 | 77.96 | 18.69 | 37.15 | 0.86 | - | ||
2024/7 | 11.7 | -11.49 | 42.2 | 65.74 | 14.37 | 35.46 | 0.9 | - | ||
2024/6 | 13.22 | 25.5 | 46.58 | 54.04 | 9.72 | 31.88 | 0.86 | - | ||
2024/5 | 10.53 | 29.73 | 20.38 | 40.81 | 1.46 | 27.36 | 1.0 | - | ||
2024/4 | 8.12 | -6.74 | 5.86 | 30.28 | -3.79 | 23.54 | 1.16 | - | ||
2024/3 | 8.71 | 29.67 | -10.6 | 22.16 | -6.9 | 22.16 | 1.21 | - | ||
2024/2 | 6.71 | -0.33 | -5.51 | 13.45 | -4.34 | 21.43 | 1.25 | - | ||
2024/1 | 6.74 | -15.57 | -3.15 | 6.74 | -3.15 | 22.83 | 1.17 | - | ||
2023/12 | 7.98 | -1.58 | -15.86 | 98.66 | -17.59 | 23.97 | 1.04 | - | ||
2023/11 | 8.11 | 2.89 | -8.83 | 90.68 | -17.74 | 24.99 | 1.0 | - | ||
2023/10 | 7.88 | -12.47 | -22.18 | 82.57 | -18.53 | 25.09 | 0.99 | - | ||
2023/9 | 9.0 | 9.67 | -27.44 | 74.69 | -18.12 | 25.44 | 1.09 | - | ||
2023/8 | 8.21 | -0.24 | -31.91 | 65.68 | -16.65 | 25.46 | 1.09 | - | ||
2023/7 | 8.23 | -8.76 | -25.24 | 57.47 | -13.9 | 26.0 | 1.07 | - | ||
2023/6 | 9.02 | 3.07 | -20.73 | 49.25 | -11.66 | 25.44 | 1.15 | - | ||
2023/5 | 8.75 | 14.08 | -2.29 | 40.23 | -9.33 | 26.16 | 1.12 | - | ||
2023/4 | 7.67 | -21.25 | -12.9 | 31.47 | -11.11 | 24.52 | 1.19 | - | ||
2023/3 | 9.74 | 37.06 | -13.64 | 23.8 | -10.52 | 23.8 | 1.31 | - | ||
2023/2 | 7.11 | 2.14 | -3.52 | 14.06 | -8.22 | 23.55 | 1.33 | - | ||
2023/1 | 6.96 | -26.65 | -12.58 | 6.96 | -12.58 | 25.34 | 1.23 | - | ||
2022/12 | 9.49 | 6.63 | -8.04 | 119.73 | 29.95 | 28.51 | 1.15 | - | ||
2022/11 | 8.89 | -12.16 | -2.42 | 110.24 | 34.74 | 31.43 | 1.04 | - | ||
2022/10 | 10.13 | -18.39 | 20.54 | 101.35 | 39.4 | 34.59 | 0.95 | - | ||
2022/9 | 12.41 | 2.92 | 51.32 | 91.22 | 41.86 | 35.48 | 1.07 | 主要係受惠缺料情況進一步緩解,訂單出貨較為順暢所致 | ||
2022/8 | 12.06 | 9.52 | 53.21 | 78.81 | 40.48 | 34.45 | 1.11 | 主要係受惠缺料情況進一步緩解,訂單出貨較為順暢所致 | ||
2022/7 | 11.01 | -3.24 | 52.28 | 66.75 | 38.4 | 31.34 | 1.22 | 主要係受惠缺料情況進一步緩解,訂單出貨較為順暢所致 | ||
2022/6 | 11.38 | 27.04 | 46.23 | 55.75 | 35.95 | 29.14 | 1.3 | - | ||
2022/5 | 8.96 | 1.69 | 30.51 | 44.37 | 33.55 | 29.04 | 1.3 | - | ||
2022/4 | 8.81 | -21.91 | 32.84 | 35.41 | 34.34 | 27.45 | 1.38 | - | ||
2022/3 | 11.28 | 53.12 | 66.98 | 26.6 | 34.84 | 26.6 | 1.34 | 本月較去年同期增加67%,主係因商業物聯網(Commercial IoT)與物聯網基礎建設(IoT Infrastructure)出貨同步增加 | ||
2022/2 | 7.37 | -7.44 | 8.32 | 15.32 | 18.11 | 25.64 | 1.39 | - | ||
2022/1 | 7.96 | -22.84 | 28.91 | 7.96 | 28.91 | 27.39 | 1.3 | - | ||
2021/12 | 10.31 | 13.15 | 16.11 | 92.13 | 13.89 | 27.83 | 1.13 | - | ||
2021/11 | 9.12 | 8.51 | 41.85 | 81.82 | 13.61 | 25.72 | 1.23 | - | ||
2021/10 | 8.4 | 2.43 | 18.67 | 72.7 | 10.84 | 24.47 | 1.29 | - | ||
2021/9 | 8.2 | 4.2 | 7.15 | 64.3 | 9.9 | 23.3 | 1.24 | - | ||
2021/8 | 7.87 | 8.85 | 12.9 | 56.1 | 10.31 | 22.88 | 1.26 | - | ||
2021/7 | 7.23 | -7.09 | 15.92 | 48.23 | 9.9 | 21.87 | 1.32 | - | ||
2021/6 | 7.78 | 13.39 | 12.47 | 41.0 | 8.9 | 21.27 | 1.17 | - | ||
2021/5 | 6.86 | 3.51 | 9.49 | 33.22 | 8.09 | 20.25 | 1.23 | - | ||
2021/4 | 6.63 | -1.85 | 13.77 | 26.36 | 7.74 | 20.18 | 1.23 | - | ||
2021/3 | 6.75 | -0.66 | 1.6 | 19.73 | 5.85 | 19.73 | 1.14 | - | ||
2021/2 | 6.8 | 10.15 | 9.21 | 12.97 | 8.21 | 21.86 | 1.03 | - | ||
2021/1 | 6.17 | -30.5 | 7.14 | 6.17 | 7.14 | 21.48 | 1.05 | - | ||
2020/12 | 8.88 | 38.23 | 16.11 | 80.9 | -16.99 | 22.39 | 0.93 | - | ||
2020/11 | 6.43 | -9.21 | -26.6 | 72.01 | -19.81 | 21.16 | 0.98 | - | ||
2020/10 | 7.08 | -7.51 | -11.7 | 65.59 | -19.07 | 21.7 | 0.96 | - | ||
2020/9 | 7.65 | 9.79 | -9.66 | 58.51 | -19.88 | 20.86 | 1.13 | - | ||
2020/8 | 6.97 | 11.77 | -22.61 | 50.86 | -21.22 | 20.12 | 1.18 | - | ||
2020/7 | 6.24 | -9.85 | -23.64 | 43.89 | -21.0 | 19.42 | 1.22 | - | ||
2020/6 | 6.92 | 10.38 | -20.52 | 37.65 | -20.54 | 19.01 | 1.35 | - | ||
2020/5 | 6.27 | 7.55 | -23.49 | 30.73 | -20.55 | 18.74 | 1.37 | - | ||
2020/4 | 5.83 | -12.34 | -23.42 | 24.46 | -19.76 | 18.7 | 1.37 | - | ||
2020/3 | 6.65 | 6.77 | -20.36 | 18.64 | -18.54 | 18.64 | 1.22 | - | ||
2020/2 | 6.23 | 8.06 | -4.07 | 11.99 | -17.5 | 19.64 | 1.16 | - | ||
2020/1 | 5.76 | -24.68 | -28.33 | 5.76 | -28.33 | 22.17 | 1.03 | - | ||
2019/12 | 7.65 | -12.62 | -17.52 | 97.46 | -0.81 | 0.0 | N/A | - | ||
2019/11 | 8.76 | 9.21 | -0.49 | 89.81 | 0.92 | 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) | 76 | 1.33 | 5.34 | -42.64 | 6.42 | -36.44 | 98.66 | -17.6 | 38.11 | 8.85 | 11.52 | -8.86 | 7.40 | -18.41 | 11.36 | -24.97 | 10.18 | -32.67 | 4.2 | -50.35 |
2022 (9) | 75 | 0.0 | 9.31 | 57.8 | 10.10 | 18.96 | 119.73 | 29.96 | 35.01 | -1.16 | 12.64 | 10.2 | 9.07 | 46.53 | 15.14 | 43.37 | 15.12 | 86.9 | 8.46 | 81.55 |
2021 (8) | 75 | 0.0 | 5.90 | 257.58 | 8.49 | 88.25 | 92.13 | 13.88 | 35.42 | 8.95 | 11.47 | 98.79 | 6.19 | 372.52 | 10.56 | 126.12 | 8.09 | 281.6 | 4.66 | 275.81 |
2020 (7) | 75 | 0.0 | 1.65 | -70.9 | 4.51 | -47.31 | 80.9 | -16.99 | 32.51 | -6.53 | 5.77 | -43.76 | 1.31 | -73.75 | 4.67 | -53.25 | 2.12 | -71.31 | 1.24 | -72.98 |
2019 (6) | 75 | 0.0 | 5.67 | -28.68 | 8.56 | 34.38 | 97.46 | -0.81 | 34.78 | 7.25 | 10.26 | 42.5 | 4.99 | -35.19 | 9.99 | 41.3 | 7.39 | -19.93 | 4.59 | -38.8 |
2018 (5) | 75 | 0.0 | 7.95 | 7.58 | 6.37 | -4.78 | 98.26 | 73.21 | 32.43 | -15.15 | 7.20 | -45.37 | 7.70 | -41.89 | 7.07 | -5.48 | 9.23 | 1.99 | 7.5 | 4.31 |
2017 (4) | 75 | 7.14 | 7.39 | -14.27 | 6.69 | -23.63 | 56.73 | 49.6 | 38.22 | -11.14 | 13.18 | -35.11 | 13.25 | -24.24 | 7.48 | -2.86 | 9.05 | 32.31 | 7.19 | 10.62 |
2016 (3) | 70 | 2.94 | 8.62 | 0.7 | 8.76 | 24.96 | 37.92 | 25.44 | 43.01 | 2.02 | 20.31 | -10.29 | 17.49 | -14.56 | 7.7 | 12.41 | 6.84 | -3.8 | 6.5 | 5.52 |
2015 (2) | 68 | 4.62 | 8.56 | -0.81 | 7.01 | 10.39 | 30.23 | 7.24 | 42.16 | 0.98 | 22.64 | -2.54 | 20.47 | -1.4 | 6.85 | 4.58 | 7.11 | 1.43 | 6.16 | 6.21 |
2014 (1) | 65 | 0.0 | 8.63 | 12.37 | 6.35 | 9.48 | 28.19 | 3.98 | 41.75 | 0 | 23.23 | 0 | 20.76 | 0 | 6.55 | 10.46 | 7.01 | 14.36 | 5.8 | 14.4 |