- 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) | 112 | -0.88 | -0.88 | 0.70 | -22.22 | -7.89 | 0.86 | 26.47 | 68.63 | 2.44 | 40.23 | 125.93 | 7.36 | 5.14 | 18.14 | 29.68 | -16.32 | -7.6 | 18.56 | -8.97 | 7.04 | 13.18 | -34.1 | -30.41 | 1.37 | -4.2 | 26.85 | 0.79 | -22.55 | -8.14 | 16.28 | -32.62 | -26.2 | 13.18 | -34.1 | -30.41 | 9.66 | -7.54 | 55.12 |
24Q2 (19) | 113 | 0.0 | 0.0 | 0.90 | 7.14 | 800.0 | 0.68 | 83.78 | 666.67 | 1.74 | 107.14 | 443.75 | 7.0 | 14.19 | 9.03 | 35.47 | 17.96 | 95.1 | 20.39 | 36.3 | 649.63 | 20.00 | 3.15 | 300.8 | 1.43 | 55.43 | 741.18 | 1.02 | 7.37 | 827.27 | 24.16 | 1.56 | 263.86 | 20.00 | 3.15 | 300.8 | 12.42 | 56.01 | 22.73 |
24Q1 (18) | 113 | 0.0 | 0.0 | 0.84 | 104.88 | 281.82 | 0.37 | -38.33 | 146.67 | 0.84 | -43.62 | 281.82 | 6.13 | 10.65 | -24.23 | 30.07 | -0.86 | 69.98 | 14.96 | -11.37 | 182.8 | 19.39 | 97.66 | 292.51 | 0.92 | -1.08 | 113.95 | 0.95 | 106.52 | 280.0 | 23.79 | 82.44 | 282.48 | 19.39 | 97.66 | 292.51 | -0.21 | 29.41 | -10.34 |
23Q4 (17) | 113 | 0.0 | -0.88 | 0.41 | -46.05 | 4200.0 | 0.60 | 17.65 | 1100.0 | 1.49 | 37.96 | -43.13 | 5.54 | -11.08 | -42.77 | 30.33 | -5.57 | 128.39 | 16.88 | -2.65 | 723.41 | 9.81 | -48.2 | 791.82 | 0.93 | -13.89 | 365.0 | 0.46 | -46.51 | 2400.0 | 13.04 | -40.89 | 918.75 | 9.81 | -48.2 | 791.82 | -7.02 | 306.98 | 271.32 |
23Q3 (16) | 113 | 0.0 | 0.0 | 0.76 | 660.0 | -23.23 | 0.51 | 525.0 | 70.0 | 1.08 | 237.5 | -58.94 | 6.23 | -2.96 | -44.62 | 32.12 | 76.68 | 47.27 | 17.34 | 537.5 | 72.71 | 18.94 | 279.56 | 35.97 | 1.08 | 535.29 | -4.42 | 0.86 | 681.82 | -23.21 | 22.06 | 232.23 | 29.76 | 18.94 | 279.56 | 35.97 | -11.80 | 302.73 | 172.50 |
23Q2 (15) | 113 | 0.0 | 0.0 | 0.10 | -54.55 | -90.91 | -0.12 | -180.0 | -142.86 | 0.32 | 45.45 | -80.49 | 6.42 | -20.64 | -36.5 | 18.18 | 2.77 | -23.96 | 2.72 | -48.58 | -77.24 | 4.99 | 1.01 | -69.04 | 0.17 | -60.47 | -85.95 | 0.11 | -56.0 | -91.2 | 6.64 | 6.75 | -68.69 | 4.99 | 1.01 | -69.04 | -18.54 | 1122.72 | 10.00 |
23Q1 (14) | 113 | -0.88 | -4.24 | 0.22 | 2300.0 | -59.26 | 0.15 | 200.0 | -55.88 | 0.22 | -91.6 | -59.26 | 8.09 | -16.43 | -11.68 | 17.69 | 33.21 | -34.53 | 5.29 | 158.05 | -55.47 | 4.94 | 349.09 | -52.73 | 0.43 | 115.0 | -60.55 | 0.25 | 1350.0 | -60.94 | 6.22 | 385.94 | -57.69 | 4.94 | 349.09 | -52.73 | -15.20 | 1099.49 | 58.34 |
22Q4 (13) | 114 | 0.88 | -3.39 | -0.01 | -101.01 | -101.92 | 0.05 | -83.33 | -88.37 | 2.62 | -0.38 | -1.87 | 9.68 | -13.96 | 17.76 | 13.28 | -39.11 | -33.0 | 2.05 | -79.58 | -71.96 | 1.10 | -92.1 | -88.69 | 0.2 | -82.3 | -66.67 | -0.02 | -101.79 | -103.28 | 1.28 | -92.47 | -85.52 | 1.10 | -92.1 | -88.69 | -1.34 | -55.51 | -38.09 |
22Q3 (12) | 113 | 0.0 | -4.24 | 0.99 | -10.0 | 33.78 | 0.30 | 7.14 | -64.29 | 2.63 | 60.37 | 22.33 | 11.25 | 11.28 | 2.46 | 21.81 | -8.78 | -4.47 | 10.04 | -15.98 | -12.92 | 13.93 | -13.59 | 61.04 | 1.13 | -6.61 | -11.02 | 1.12 | -10.4 | 27.27 | 17.00 | -19.85 | 54.55 | 13.93 | -13.59 | 61.04 | 10.82 | 46.85 | -5.25 |
22Q2 (11) | 113 | -4.24 | -4.24 | 1.10 | 103.7 | 32.53 | 0.28 | -17.65 | -64.56 | 1.64 | 203.7 | 16.31 | 10.11 | 10.37 | 15.94 | 23.91 | -11.51 | -11.08 | 11.95 | 0.59 | -11.15 | 16.12 | 54.26 | 34.33 | 1.21 | 11.01 | 3.42 | 1.25 | 95.31 | 27.55 | 21.21 | 44.29 | 46.88 | 16.12 | 54.26 | 34.33 | 10.90 | 53.77 | -19.29 |
22Q1 (10) | 118 | 0.0 | 0.0 | 0.54 | 3.85 | -6.9 | 0.34 | -20.93 | -38.18 | 0.54 | -79.78 | -6.9 | 9.16 | 11.44 | 28.83 | 27.02 | 36.33 | 2.5 | 11.88 | 62.52 | 0.93 | 10.45 | 7.4 | 9.54 | 1.09 | 81.67 | 29.76 | 0.64 | 4.92 | -5.88 | 14.70 | 66.29 | 16.11 | 10.45 | 7.4 | 9.54 | -6.85 | -12.94 | -34.87 |
21Q4 (9) | 118 | 0.0 | 0.0 | 0.52 | -29.73 | 62.5 | 0.43 | -48.81 | 19.44 | 2.67 | 24.19 | -2.55 | 8.22 | -25.14 | 16.76 | 19.82 | -13.18 | -4.53 | 7.31 | -36.6 | -4.19 | 9.73 | 12.49 | 82.89 | 0.6 | -52.76 | 11.11 | 0.61 | -30.68 | 64.86 | 8.84 | -19.64 | 22.95 | 9.73 | 12.49 | 82.89 | 0.39 | -20.29 | -21.24 |
21Q3 (8) | 118 | 0.0 | 0.0 | 0.74 | -10.84 | 37.04 | 0.84 | 6.33 | 90.91 | 2.15 | 52.48 | -11.16 | 10.98 | 25.92 | 55.08 | 22.83 | -15.1 | -0.09 | 11.53 | -14.28 | 29.26 | 8.65 | -27.92 | -3.03 | 1.27 | 8.55 | 101.59 | 0.88 | -10.2 | 39.68 | 11.00 | -23.82 | 0.55 | 8.65 | -27.92 | -3.03 | 24.28 | 16.13 | 24.98 |
21Q2 (7) | 118 | 0.0 | 0.0 | 0.83 | 43.1 | -8.79 | 0.79 | 43.64 | -5.95 | 1.41 | 143.1 | -25.4 | 8.72 | 22.64 | 7.26 | 26.89 | 2.01 | 1.43 | 13.45 | 14.27 | -4.2 | 12.00 | 25.79 | -9.02 | 1.17 | 39.29 | 2.63 | 0.98 | 44.12 | -8.41 | 14.44 | 14.06 | -8.03 | 12.00 | 25.79 | -9.02 | 11.81 | 62.17 | 48.21 |
21Q1 (6) | 118 | 0.0 | 0.0 | 0.58 | 81.25 | -40.82 | 0.55 | 52.78 | -40.86 | 0.58 | -78.83 | -40.82 | 7.11 | 0.99 | -20.56 | 26.36 | 26.97 | 6.98 | 11.77 | 54.26 | -16.7 | 9.54 | 79.32 | -25.93 | 0.84 | 55.56 | -33.33 | 0.68 | 83.78 | -40.87 | 12.66 | 76.08 | -17.58 | 9.54 | 79.32 | -25.93 | 0.21 | 20.25 | 17.30 |
20Q4 (5) | 118 | 0.0 | 0.0 | 0.32 | -40.74 | -50.77 | 0.36 | -18.18 | -54.43 | 2.74 | 13.22 | 9.16 | 7.04 | -0.56 | -18.61 | 20.76 | -9.15 | -16.43 | 7.63 | -14.46 | -37.15 | 5.32 | -40.36 | -39.75 | 0.54 | -14.29 | -48.57 | 0.37 | -41.27 | -51.32 | 7.19 | -34.28 | -32.11 | 5.32 | -40.36 | -39.75 | - | - | 0.00 |
20Q3 (4) | 118 | 0.0 | 0.0 | 0.54 | -40.66 | 0.0 | 0.44 | -47.62 | 0.0 | 2.42 | 28.04 | 0.0 | 7.08 | -12.92 | 0.0 | 22.85 | -13.81 | 0.0 | 8.92 | -36.47 | 0.0 | 8.92 | -32.37 | 0.0 | 0.63 | -44.74 | 0.0 | 0.63 | -41.12 | 0.0 | 10.94 | -30.32 | 0.0 | 8.92 | -32.37 | 0.0 | - | - | 0.00 |
20Q2 (3) | 118 | 0.0 | 0.0 | 0.91 | -7.14 | 0.0 | 0.84 | -9.68 | 0.0 | 1.89 | 92.86 | 0.0 | 8.13 | -9.16 | 0.0 | 26.51 | 7.59 | 0.0 | 14.04 | -0.64 | 0.0 | 13.19 | 2.41 | 0.0 | 1.14 | -9.52 | 0.0 | 1.07 | -6.96 | 0.0 | 15.70 | 2.21 | 0.0 | 13.19 | 2.41 | 0.0 | - | - | 0.00 |
20Q1 (2) | 118 | 0.0 | 0.0 | 0.98 | 50.77 | 0.0 | 0.93 | 17.72 | 0.0 | 0.98 | -60.96 | 0.0 | 8.95 | 3.47 | 0.0 | 24.64 | -0.81 | 0.0 | 14.13 | 16.39 | 0.0 | 12.88 | 45.87 | 0.0 | 1.26 | 20.0 | 0.0 | 1.15 | 51.32 | 0.0 | 15.36 | 45.04 | 0.0 | 12.88 | 45.87 | 0.0 | - | - | 0.00 |
19Q4 (1) | 118 | 0.0 | 0.0 | 0.65 | 0.0 | 0.0 | 0.79 | 0.0 | 0.0 | 2.51 | 0.0 | 0.0 | 8.65 | 0.0 | 0.0 | 24.84 | 0.0 | 0.0 | 12.14 | 0.0 | 0.0 | 8.83 | 0.0 | 0.0 | 1.05 | 0.0 | 0.0 | 0.76 | 0.0 | 0.0 | 10.59 | 0.0 | 0.0 | 8.83 | 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 | 4.32 | 108.49 | 82.69 | 26.89 | 9.81 | 8.95 | N/A | 本月營業收入較去年同期增加82.69%,主要係工程收入及精密零組件收入增加 | ||
2024/10 | 2.07 | -18.71 | 48.59 | 22.57 | 2.02 | 6.97 | N/A | - | ||
2024/9 | 2.55 | 8.7 | 22.1 | 20.49 | -1.11 | 7.36 | 0.89 | - | ||
2024/8 | 2.35 | -4.88 | 13.28 | 17.94 | -3.71 | 7.01 | 0.94 | - | ||
2024/7 | 2.47 | 12.14 | 20.92 | 15.6 | -5.84 | 7.1 | 0.92 | - | ||
2024/6 | 2.2 | -9.73 | 7.48 | 13.13 | -9.6 | 7.0 | 0.88 | - | ||
2024/5 | 2.44 | 2.91 | 13.8 | 10.93 | -12.4 | 6.51 | 0.94 | - | ||
2024/4 | 2.37 | 39.06 | 5.41 | 8.5 | -17.82 | 5.8 | 1.06 | - | ||
2024/3 | 1.7 | -1.68 | -42.45 | 6.13 | -24.27 | 6.13 | 1.05 | - | ||
2024/2 | 1.73 | -35.72 | -28.76 | 4.43 | -13.8 | 6.22 | 1.04 | - | ||
2024/1 | 2.69 | 50.0 | -0.35 | 2.69 | -0.35 | 6.86 | 0.94 | - | ||
2023/12 | 1.8 | -24.07 | -46.38 | 26.28 | -34.6 | 5.56 | 1.11 | - | ||
2023/11 | 2.37 | 69.58 | -34.26 | 24.49 | -33.53 | 5.85 | 1.05 | - | ||
2023/10 | 1.4 | -33.2 | -48.79 | 22.12 | -33.45 | 5.55 | 1.11 | - | ||
2023/9 | 2.09 | 0.85 | -30.48 | 20.73 | -32.08 | 6.2 | 0.96 | - | ||
2023/8 | 2.07 | 1.53 | -50.03 | 18.64 | -32.25 | 6.16 | 0.96 | 主要係去年同期配合客戶建廠需求積極投入,工程收入基期較高所致。 | ||
2023/7 | 2.04 | -0.32 | -50.23 | 16.57 | -29.1 | 6.23 | 0.95 | 主要係去年同期配合客戶建廠需求積極投入,工程收入基期較高所致。 | ||
2023/6 | 2.05 | -4.43 | -40.97 | 14.53 | -24.6 | 6.43 | 0.95 | - | ||
2023/5 | 2.14 | -4.67 | -42.79 | 12.48 | -21.01 | 7.35 | 0.84 | - | ||
2023/4 | 2.25 | -24.08 | -22.27 | 10.34 | -14.25 | 7.64 | 0.8 | - | ||
2023/3 | 2.96 | 21.7 | -14.53 | 8.09 | -11.72 | 8.09 | 0.84 | - | ||
2023/2 | 2.43 | -10.09 | -13.93 | 5.13 | -10.02 | 8.48 | 0.8 | - | ||
2023/1 | 2.7 | -19.29 | -6.18 | 2.7 | -6.18 | 9.65 | 0.71 | - | ||
2022/12 | 3.35 | -6.9 | 28.25 | 40.19 | 14.72 | 9.67 | 0.72 | - | ||
2022/11 | 3.6 | 32.08 | 12.99 | 36.84 | 13.63 | 9.33 | 0.75 | - | ||
2022/10 | 2.72 | -9.31 | 12.46 | 33.24 | 13.7 | 9.87 | 0.7 | - | ||
2022/9 | 3.0 | -27.51 | -17.98 | 30.52 | 13.81 | 11.25 | 0.65 | - | ||
2022/8 | 4.14 | 1.12 | 15.23 | 27.51 | 18.84 | 11.71 | 0.62 | - | ||
2022/7 | 4.1 | 18.22 | 10.24 | 23.37 | 19.51 | 11.31 | 0.65 | - | ||
2022/6 | 3.47 | -7.38 | 30.03 | 19.27 | 21.68 | 10.1 | 0.76 | - | ||
2022/5 | 3.74 | 29.52 | 7.85 | 15.8 | 20.0 | 10.09 | 0.76 | - | ||
2022/4 | 2.89 | -16.51 | 11.8 | 12.06 | 24.34 | 9.18 | 0.84 | - | ||
2022/3 | 3.46 | 22.55 | 28.57 | 9.17 | 28.9 | 9.17 | 0.81 | - | ||
2022/2 | 2.82 | -2.0 | 76.55 | 5.71 | 29.1 | 8.32 | 0.9 | 本月營業收入較去年同期增加76.56%,主要係精密零組件收入增加。 | ||
2022/1 | 2.88 | 10.34 | 2.18 | 2.88 | 2.18 | 8.68 | 0.86 | - | ||
2021/12 | 2.61 | -17.98 | 18.7 | 35.03 | 12.36 | 8.22 | 0.79 | - | ||
2021/11 | 3.18 | 31.46 | 21.92 | 32.42 | 11.88 | 9.27 | 0.7 | - | ||
2021/10 | 2.42 | -33.86 | 8.81 | 29.23 | 10.88 | 9.68 | 0.67 | - | ||
2021/9 | 3.66 | 1.84 | 85.2 | 26.81 | 11.08 | 10.98 | 0.51 | 本月營業收入較去年同期增加85.20%,主要係精密零組件收入及工程收入增加。 | ||
2021/8 | 3.6 | -3.25 | 43.37 | 23.15 | 4.46 | 9.98 | 0.56 | - | ||
2021/7 | 3.72 | 39.44 | 44.4 | 19.55 | -0.5 | 9.85 | 0.57 | - | ||
2021/6 | 2.67 | -23.17 | -10.08 | 15.83 | -7.27 | 8.72 | 0.73 | - | ||
2021/5 | 3.47 | 34.26 | 29.1 | 13.17 | -6.68 | 8.75 | 0.73 | - | ||
2021/4 | 2.58 | -3.99 | 4.52 | 9.7 | -15.1 | 6.88 | 0.93 | - | ||
2021/3 | 2.69 | 68.28 | -21.45 | 7.11 | -20.52 | 7.11 | 0.87 | - | ||
2021/2 | 1.6 | -43.28 | -46.65 | 4.42 | -19.95 | 6.62 | 0.94 | - | ||
2021/1 | 2.82 | 28.18 | 11.77 | 2.82 | 11.77 | 7.63 | 0.81 | - | ||
2020/12 | 2.2 | -15.75 | -28.73 | 31.18 | -14.37 | 7.04 | 0.65 | - | ||
2020/11 | 2.61 | 17.32 | -9.04 | 28.97 | -13.04 | 6.82 | 0.68 | - | ||
2020/10 | 2.23 | 12.56 | -17.21 | 26.36 | -13.42 | 6.71 | 0.69 | - | ||
2020/9 | 1.98 | -21.15 | -35.69 | 24.14 | -13.06 | 7.06 | 0.77 | - | ||
2020/8 | 2.51 | -2.56 | 7.32 | 22.16 | -10.23 | 8.05 | 0.67 | - | ||
2020/7 | 2.57 | -13.17 | 1.68 | 19.65 | -12.07 | 8.23 | 0.66 | - | ||
2020/6 | 2.97 | 10.3 | 52.63 | 17.08 | -13.83 | 8.13 | 0.7 | 本月營業收入較去年同期增加52.63%,主要係精密零組件收入及工程收入增加。 | ||
2020/5 | 2.69 | 8.69 | -12.22 | 14.11 | -21.05 | 8.59 | 0.66 | - | ||
2020/4 | 2.47 | -27.84 | -35.23 | 11.42 | -22.88 | 8.9 | 0.63 | - | ||
2020/3 | 3.43 | 14.29 | 1.5 | 8.95 | -18.59 | 8.95 | 0.74 | - | ||
2020/2 | 3.0 | 18.83 | -3.83 | 5.52 | -27.5 | 8.61 | 0.77 | - | ||
2020/1 | 2.52 | -18.26 | -43.91 | 2.52 | -43.91 | 0.0 | N/A | - | ||
2019/12 | 3.09 | 7.5 | -42.06 | 36.41 | 7.06 | 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) | 113 | -0.88 | 1.48 | -43.3 | 1.13 | 15.31 | 26.28 | -34.61 | 23.89 | 11.27 | 9.96 | 10.42 | 9.30 | -12.26 | 2.62 | -27.62 | 3.03 | -45.21 | 1.68 | -44.0 |
2022 (9) | 114 | -3.39 | 2.61 | -2.25 | 0.98 | -62.6 | 40.19 | 14.73 | 21.47 | -9.98 | 9.02 | -18.52 | 10.60 | 6.85 | 3.62 | -6.7 | 5.53 | 35.21 | 3.0 | -4.76 |
2021 (8) | 118 | 0.0 | 2.67 | 0 | 2.62 | 0 | 35.03 | 12.31 | 23.85 | 0.0 | 11.07 | 0 | 9.92 | 0 | 3.88 | 0 | 4.09 | 0 | 3.15 | 0 |
2020 (7) | 118 | 0.0 | -1.26 | 0 | -1.65 | 0 | 31.19 | -14.34 | 23.85 | 16.46 | -3.33 | 0 | -4.77 | 0 | -1.04 | 0 | -0.68 | 0 | -1.49 | 0 |
2019 (6) | 118 | 0.0 | 2.49 | -2.35 | 2.34 | -2.9 | 36.41 | 7.06 | 20.48 | -2.15 | 8.93 | -9.34 | 8.13 | -8.75 | 3.25 | -2.99 | 3.6 | -2.17 | 2.96 | -2.31 |
2018 (5) | 118 | 0.0 | 2.55 | -36.09 | 2.41 | -45.96 | 34.01 | 6.45 | 20.93 | -31.15 | 9.85 | -48.1 | 8.91 | -39.96 | 3.35 | -44.72 | 3.68 | -36.77 | 3.03 | -36.08 |
2017 (4) | 118 | 0.0 | 3.99 | -10.74 | 4.46 | -3.46 | 31.95 | -0.93 | 30.40 | -3.43 | 18.98 | -3.46 | 14.84 | -10.06 | 6.06 | -4.42 | 5.82 | -10.32 | 4.74 | -10.9 |
2016 (3) | 118 | 0.85 | 4.47 | 27.71 | 4.62 | 17.26 | 32.25 | 4.54 | 31.48 | 5.18 | 19.66 | 18.58 | 16.50 | 23.41 | 6.34 | 23.83 | 6.49 | 34.65 | 5.32 | 29.13 |
2015 (2) | 117 | 1.74 | 3.50 | 15.89 | 3.94 | 43.27 | 30.85 | 3.98 | 29.93 | 21.08 | 16.58 | 38.98 | 13.37 | 13.11 | 5.12 | 44.63 | 4.82 | 21.41 | 4.12 | 17.38 |
2014 (1) | 115 | 0.0 | 3.02 | 86.42 | 2.75 | 69.75 | 29.67 | 20.76 | 24.72 | 0 | 11.93 | 0 | 11.82 | 0 | 3.54 | 66.98 | 3.97 | 82.95 | 3.51 | 87.7 |