佰研 3205 - 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(%)
25Q2 (20)	48	45.45	45.45	-0.33	31.25	34.0	-0.31	6.06	18.42	-0.78	-62.5	1.27	1.13	11.88	-4.24	17.93	1.36	-3.13	-13.13	15.62	16.58	-13.79	10.57	2.75	-0.15	6.25	21.05	-0.16	0.0	0.0	-13.79	10.57	2.75	-13.79	10.57	2.75	-1.26	-30.38	-33.81
25Q1 (19)	33	0.0	0.0	-0.48	-92.0	-65.52	-0.33	-73.68	-13.79	-0.48	67.79	-65.52	1.01	-14.41	-13.68	17.69	-9.97	16.38	-15.56	-116.71	-17.88	-15.42	-134.35	-79.51	-0.16	-100.0	-6.67	-0.16	-100.0	-77.78	-15.42	-134.35	-79.51	-15.42	-134.35	-79.51	-5.45	-23.78	-10.59
24Q4 (18)	33	0.0	0.0	-0.25	44.44	56.14	-0.19	52.5	54.76	-1.49	-20.16	11.83	1.18	3.51	11.32	19.65	23.2	36.36	-7.18	56.8	62.09	-6.58	50.08	64.14	-0.08	57.89	60.0	-0.08	46.67	57.89	-6.58	50.08	64.14	-6.58	50.08	64.14	0.06	27.22	23.62
24Q3 (17)	33	0.0	0.0	-0.45	10.0	-32.35	-0.40	-5.26	-29.03	-1.24	-56.96	-10.71	1.14	-3.39	7.55	15.95	-13.83	-5.23	-16.62	-5.59	-15.34	-13.18	7.05	-21.81	-0.19	0.0	-26.67	-0.15	6.25	-36.36	-13.18	7.05	-21.81	-13.18	7.05	-21.81	-1.27	-31.20	-18.14
24Q2 (16)	33	0.0	0.0	-0.50	-72.41	-42.86	-0.38	-31.03	-40.74	-0.79	-172.41	-1.28	1.18	0.85	2.61	18.51	21.78	2.66	-15.74	-19.24	-31.72	-14.18	-65.08	-40.95	-0.19	-26.67	-35.71	-0.16	-77.78	-45.45	-14.18	-65.08	-40.95	-14.18	-65.08	-40.95	5.62	-11.64	-0.04
24Q1 (15)	33	0.0	0.0	-0.29	49.12	32.56	-0.29	30.95	6.45	-0.29	82.84	32.56	1.17	10.38	1.74	15.20	5.48	-2.19	-13.20	30.31	2.08	-8.59	53.19	32.04	-0.15	25.0	0.0	-0.09	52.63	35.71	-8.59	53.19	32.04	-8.59	53.19	32.04	5.19	-9.27	-2.26
23Q4 (14)	33	0.0	0.0	-0.57	-67.65	0.0	-0.42	-35.48	0.0	-1.69	-50.89	25.88	1.06	0.0	-14.52	14.41	-14.38	-10.11	-18.94	-31.44	-19.04	-18.35	-69.59	-19.54	-0.2	-33.33	0.0	-0.19	-72.73	0.0	-18.35	-69.59	-19.54	-18.35	-69.59	-19.54	-3.92	-32.40	-25.14
23Q3 (13)	33	0.0	0.0	-0.34	2.86	-6.25	-0.31	-14.81	-24.0	-1.12	-43.59	34.5	1.06	-7.83	-22.06	16.83	-6.66	1.32	-14.41	-20.59	-59.05	-10.82	-7.55	-31.31	-0.15	-7.14	-25.0	-0.11	0.0	0.0	-10.82	-7.55	-31.15	-10.82	-7.55	-31.31	-3.92	10.73	-0.96
23Q2 (12)	33	0.0	0.0	-0.35	18.6	52.05	-0.27	12.9	50.0	-0.78	-81.4	43.88	1.15	0.0	-14.81	18.03	16.02	13.47	-11.95	11.35	39.95	-10.06	20.41	44.51	-0.14	6.67	48.15	-0.11	21.43	54.17	-10.06	20.41	44.51	-10.06	20.41	44.51	-3.63	21.58	19.55
23Q1 (11)	33	0.0	0.0	-0.43	24.56	33.85	-0.31	26.19	35.42	-0.43	81.14	33.85	1.15	-7.26	-14.18	15.54	-3.06	11.8	-13.48	15.27	22.48	-12.64	17.65	22.22	-0.15	25.0	34.78	-0.14	26.32	33.33	-12.64	17.65	22.22	-12.64	17.65	22.22	-8.04	-26.78	-20.91
22Q4 (10)	33	0.0	0.0	-0.57	-78.12	17.39	-0.42	-68.0	8.7	-2.28	-33.33	14.29	1.24	-8.82	-11.43	16.03	-3.49	22.27	-15.91	-75.61	2.81	-15.35	-86.29	4.66	-0.2	-66.67	13.04	-0.19	-72.73	13.64	-15.35	-86.06	4.66	-15.35	-86.29	4.66	-4.04	-10.98	-7.15
22Q3 (9)	33	0.0	0.0	-0.32	56.16	55.56	-0.25	53.7	51.92	-1.71	-23.02	13.2	1.36	0.74	-6.85	16.61	4.53	-12.35	-9.06	54.47	46.42	-8.24	54.55	49.42	-0.12	55.56	52.0	-0.11	54.17	54.17	-8.25	54.5	49.36	-8.24	54.55	49.42	0.74	21.92	20.60
22Q2 (8)	33	0.0	0.0	-0.73	-12.31	-30.36	-0.54	-12.5	-35.0	-1.39	-113.85	-12.1	1.35	0.75	-12.34	15.89	14.32	-14.39	-19.90	-14.43	-60.23	-18.13	-11.57	-49.96	-0.27	-17.39	-42.11	-0.24	-14.29	-33.33	-18.13	-11.57	-49.96	-18.13	-11.57	-49.96	-1.77	-3.26	-8.43
22Q1 (7)	33	0.0	0.0	-0.65	5.8	4.41	-0.48	-4.35	0.0	-0.65	75.56	4.41	1.34	-4.29	-8.84	13.90	6.03	-20.93	-17.39	-6.23	-10.34	-16.25	-0.93	-6.56	-0.23	0.0	0.0	-0.21	4.55	4.55	-16.25	-0.93	-6.56	-16.25	-0.93	-6.56	-4.20	4.98	3.59
21Q4 (6)	33	0.0	0.0	-0.69	4.17	-16.95	-0.46	11.54	-58.62	-2.66	-35.03	-17.18	1.4	-4.11	-3.45	13.11	-30.82	-32.77	-16.37	3.19	-68.94	-16.10	1.17	-20.15	-0.23	8.0	-64.29	-0.22	8.33	-15.79	-16.10	1.17	-23.18	-16.10	1.17	-20.15	-4.65	-12.20	-9.23
21Q3 (5)	33	0.0	0.0	-0.72	-28.57	-12.5	-0.52	-30.0	-23.81	-1.97	-58.87	-17.26	1.46	-5.19	13.18	18.95	2.1	-7.38	-16.91	-36.15	-7.64	-16.29	-34.74	-0.25	-0.25	-31.58	-25.0	-0.24	-33.33	-14.29	-16.29	-34.74	-0.25	-16.29	-34.74	-0.25	-	-	0.00
21Q2 (4)	33	0.0	0.0	-0.56	17.65	0.0	-0.40	16.67	0.0	-1.24	-82.35	0.0	1.54	4.76	0.0	18.56	5.57	0.0	-12.42	21.19	0.0	-12.09	20.72	0.0	-0.19	17.39	0.0	-0.18	18.18	0.0	-12.09	20.72	0.0	-12.09	20.72	0.0	-	-	0.00
21Q1 (3)	33	0.0	0.0	-0.68	-15.25	0.0	-0.48	-65.52	0.0	-0.68	70.04	0.0	1.47	1.38	0.0	17.58	-9.85	0.0	-15.76	-62.64	0.0	-15.25	-13.81	0.0	-0.23	-64.29	0.0	-0.22	-15.79	0.0	-15.25	-16.68	0.0	-15.25	-13.81	0.0	-	-	0.00
20Q4 (2)	33	0.0	0.0	-0.59	7.81	0.0	-0.29	30.95	0.0	-2.27	-35.12	0.0	1.45	12.4	0.0	19.50	-4.69	0.0	-9.69	38.32	0.0	-13.40	17.54	0.0	-0.14	30.0	0.0	-0.19	9.52	0.0	-13.07	19.57	0.0	-13.40	17.54	0.0	-	-	0.00
20Q3 (1)	33	0.0	0.0	-0.64	0.0	0.0	-0.42	0.0	0.0	-1.68	0.0	0.0	1.29	0.0	0.0	20.46	0.0	0.0	-15.71	0.0	0.0	-16.25	0.0	0.0	-0.2	0.0	0.0	-0.21	0.0	0.0	-16.25	0.0	0.0	-16.25	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)
2025/8	0.35	-3.41	-9.68	2.86	-8.18	1.11	N/A	-
2025/7	0.37	-5.76	0.17	2.5	-7.96	1.13	N/A	-
2025/6	0.39	2.62	2.49	2.14	-9.22	1.13	0.17	-
2025/5	0.38	5.25	-4.73	1.75	-11.48	1.09	0.17	-
2025/4	0.36	2.34	-7.53	1.37	-13.18	1.02	0.19	-
2025/3	0.35	14.23	-2.08	1.01	-15.02	1.01	0.28	-
2025/2	0.31	-12.15	-8.12	0.66	-20.63	1.16	0.24	-
2025/1	0.35	-30.36	-29.11	0.35	-29.11	1.18	0.24	-
2024/12	0.5	55.16	39.49	4.68	6.19	1.18	0.26	-
2024/11	0.32	-7.93	-7.84	4.17	3.22	1.06	0.29	-
2024/10	0.35	-9.14	2.72	3.85	4.28	1.13	0.27	-
2024/9	0.39	-1.02	21.02	3.5	4.44	1.14	0.27	-
2024/8	0.39	7.12	1.66	3.11	2.68	1.14	0.27	-
2024/7	0.37	-3.58	3.65	2.72	2.83	1.14	0.27	-
2024/6	0.38	-4.61	0.54	2.35	2.71	1.17	0.27	-
2024/5	0.4	2.16	0.49	1.97	3.13	1.15	0.27	-
2024/4	0.39	8.38	4.25	1.58	3.82	1.08	0.29	-
2024/3	0.36	7.18	-22.53	1.19	3.68	1.19	0.33	-
2024/2	0.33	-32.22	-0.42	0.83	21.49	1.19	0.33	-
2024/1	0.49	37.02	42.8	0.49	42.8	1.21	0.32	-
2023/12	0.36	2.5	-8.59	4.4	-16.74	1.06	0.3	-
2023/11	0.35	2.62	-14.04	4.04	-17.4	1.01	0.32	-
2023/10	0.34	7.03	-21.78	3.69	-17.71	1.05	0.31	-
2023/9	0.32	-16.84	-21.83	3.35	-17.27	1.06	0.25	-
2023/8	0.39	9.21	-14.89	3.03	-16.75	1.11	0.23	-
2023/7	0.35	-6.47	-29.16	2.64	-17.02	1.13	0.23	-
2023/6	0.38	-4.65	-15.0	2.29	-14.77	1.15	0.26	-
2023/5	0.4	5.98	-15.2	1.91	-14.72	1.23	0.24	-
2023/4	0.37	-19.47	-14.23	1.52	-14.6	1.17	0.26	-
2023/3	0.46	37.77	9.85	1.15	-14.72	1.15	0.26	-
2023/2	0.34	-2.79	-19.53	0.68	-25.96	1.08	0.28	-
2023/1	0.35	-12.29	-31.3	0.35	-31.3	1.15	0.26	-
2022/12	0.39	-3.59	-10.74	5.29	-9.94	1.24	0.23	-
2022/11	0.41	-6.62	-10.82	4.9	-9.88	1.26	0.22	-
2022/10	0.44	6.96	-12.83	4.49	-9.79	1.3	0.22	-
2022/9	0.41	-9.46	-12.72	4.05	-9.45	1.36	0.23	-
2022/8	0.45	-9.09	-12.4	3.64	-9.06	1.39	0.22	-
2022/7	0.5	12.21	5.2	3.19	-8.57	1.41	0.22	-
2022/6	0.44	-4.88	-16.19	2.69	-10.73	1.35	0.25	-
2022/5	0.47	7.21	-5.93	2.24	-9.57	1.32	0.26	-
2022/4	0.44	3.13	-15.04	1.78	-10.48	1.27	0.27	-
2022/3	0.42	0.92	-15.82	1.34	-8.9	1.34	0.25	-
2022/2	0.42	-17.02	-9.85	0.92	-5.33	1.36	0.24	-
2022/1	0.5	13.96	-1.22	0.5	-1.22	1.4	0.23	-
2021/12	0.44	-3.68	-17.82	5.87	5.25	1.4	0.21	-
2021/11	0.46	-8.72	-6.68	5.43	7.71	1.43	0.2	-
2021/10	0.5	7.1	19.13	4.97	9.26	1.49	0.19	-
2021/9	0.47	-9.13	10.73	4.47	8.25	1.46	0.29	-
2021/8	0.52	9.17	25.98	4.0	7.97	1.52	0.28	-
2021/7	0.47	-10.6	3.97	3.49	5.73	1.5	0.28	-
2021/6	0.53	6.76	19.3	3.01	6.01	1.54	0.26	-
2021/5	0.5	-3.17	16.57	2.48	3.55	1.51	0.27	-
2021/4	0.51	2.17	5.87	1.99	0.74	1.48	0.27	-
2021/3	0.5	8.09	-7.23	1.47	-0.91	1.47	0.25	-
2021/2	0.46	-9.08	-5.05	0.97	2.67	1.51	0.24	-
2021/1	0.51	-5.18	10.88	0.51	10.88	1.54	0.24	-
2020/12	0.54	9.37	39.72	5.58	27.23	1.45	0.23	-
2020/11	0.49	16.52	37.92	5.04	26.03	1.34	0.25	-
2020/10	0.42	-0.45	25.9	4.55	24.86	0.0	N/A	-
2020/9	0.42	3.37	3.73	4.13	24.76	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
2024 (10)	33	0.0	-1.49	0	-1.27	0	4.68	6.36	17.34	6.84	-13.16	0	-10.62	0	-0.62	0	-0.5	0	-0.49	0
2023 (9)	33	0.0	-1.69	0	-1.31	0	4.4	-16.82	16.23	3.97	-14.62	0	-12.90	0	-0.64	0	-0.57	0	-0.55	0
2022 (8)	33	0.0	-2.28	0	-1.67	0	5.29	-10.03	15.61	-8.77	-15.54	0	-14.46	0	-0.82	0	-0.76	0	-0.74	0
2021 (7)	33	0.0	-2.66	0	-1.85	0	5.88	5.38	17.11	-13.06	-15.32	0	-14.88	0	-0.9	0	-0.87	0	-0.86	0
2020 (6)	33	0.0	-2.27	0	-1.50	0	5.58	27.11	19.68	24.95	-12.86	0	-13.34	0	-0.72	0	-0.74	0	-0.74	0
2019 (5)	33	0.0	-3.65	0	-2.40	0	4.39	6.81	15.75	2.67	-23.96	0	-27.35	0	-1.05	0	-1.1	0	-1.2	0
2018 (4)	33	0.0	-2.80	0	-2.40	0	4.11	-11.23	15.34	-40.22	-27.86	0	-22.32	0	-1.15	0	-0.92	0	-0.92	0
2017 (3)	33	6.45	-3.48	0	-1.52	0	4.63	-66.55	25.66	-38.32	-17.78	0	-24.68	0	-0.82	0	-1.24	0	-1.14	0
2016 (2)	31	24.0	8.54	-18.74	5.71	-1.72	13.84	11.61	41.60	6.12	25.88	6.41	19.37	-20.12	3.58	18.54	3.53	9.29	2.68	-10.96
2015 (1)	25	0.0	10.51	2463.41	5.81	0	12.4	182.46	39.20	0	24.32	0	24.25	0	3.02	15000.0	3.23	2591.67	3.01	2910.0