---
title: "HMH (HMH.US) — 財務報表"
type: "Symbol"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/quote/HMH.US/norm.md"
symbol: "HMH.US"
name: "HMH"
parent: "https://longbridge.com/zh-HK/quote/HMH.US.md"
datetime: "2026-05-05T22:12:37.110Z"
locales:
  - [en](https://longbridge.com/en/quote/HMH.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/HMH.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/HMH.US/norm.md)
---

# HMH (HMH.US) — 財務報表

## 損益表 (USD)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| 每股收益 | - | - | - | - | - |
| ROE | 8.21% | 9.57% | 6.19% | 3.04% | 4.29% |
| 營業收入 | 202.70M | 217.17M | 203.46M | 198.43M | 228.59M |
| 凈利潤 | 14.21M | 16.19M | 10.19M | 4.87M | 6.82M |
| 營業利潤 | 43.11M | 28.31M | 24.43M | 16.67M | 37.58M |
| 毛利率 | 38.24% | 27.52% | 38.93% | 14.74% | 29.28% |
| 凈利率 | 7.01% | 7.45% | 5.01% | 2.45% | 2.98% |
| 利潤含金量 | 72.63% | 77.55% | -105.51% | 106.79% | 95.23% |

## 資產負債表 (USD)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| 資產與負債 | 1.36B | 1.35B | 1.40B | 1.39B | 1.38B |
| 權益乘數 | 1.94 | 1.97 | 2.09 | 2.14 | 2.19 |
| 每股凈資產 | - | - | - | - | - |
| 資產周轉率 | 0.6001 | 0.6175 | 0.6124 | 0.6144 | 0.6134 |
| 現金及短投 | 96.58M | 56.61M | 38.41M | 46.98M | 48.91M |
| 存貨與應收 | 253.76M | 255.69M | 286.09M | 281.75M | 279.96M |
| 長期投資 | 249.56M | 246.69M | 249.93M | 246.58M | 233.36M |
| 凈債務 | 293.89M | 329.87M | 358.03M | 333.94M | 329.40M |

## 現金流量表 (USD)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| 經營現金流 | 59.36M | 36.50M | -23.16M | 15.61M | 39.46M |
| 投資現金流 | -10.12M | -5.07M | -3.62M | -2.30M | -6.50M |
| 融資現金流 | -9.96M | -12.30M | 15.13M | -17.13M | -15.00M |
| 自由現金流 | 56.51M | 27.70M | -27.36M | 10.24M | 43.90M |
| 現金流充裕率 | 27.03% | 91.83% | -61.69% | 26.32% | 96.05% |
| 舉債與償債 | 210.00M | 25.70M | 50.00M | 40.00M | 20.00M |
| 資本支出 | -3.03M | -1.75M | -2.67M | -2.17M | -6.08M |