{"id":584305,"date":"2025-07-21T23:23:41","date_gmt":"2025-07-22T06:23:41","guid":{"rendered":"https:\/\/nai500.com\/?p=584305"},"modified":"2025-07-21T23:23:41","modified_gmt":"2025-07-22T06:23:41","slug":"%e4%be%9b%e5%ba%94%e9%93%be%e9%be%99%e5%a4%b47%e6%9c%88%e6%b7%b1%e8%b9%b215%ef%bc%8c%e8%b7%8c%e5%87%ba%e4%ba%86%e4%b9%b0%e8%b7%8c%e6%9c%ba%e4%bc%9a","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2025\/07\/%e4%be%9b%e5%ba%94%e9%93%be%e9%be%99%e5%a4%b47%e6%9c%88%e6%b7%b1%e8%b9%b215%ef%bc%8c%e8%b7%8c%e5%87%ba%e4%ba%86%e4%b9%b0%e8%b7%8c%e6%9c%ba%e4%bc%9a\/","title":{"rendered":"\u4f9b\u5e94\u94fe\u9f99\u59347\u6708\u6df1\u8e7215%\uff0c\u8dcc\u51fa\u4e86\u4e70\u8dcc\u673a\u4f1a"},"content":{"rendered":"<p>\u52a0\u62ff\u5927\u7269\u6d41\u8f6f\u4ef6\u5de8\u5934<a href=\"https:\/\/nai500.com\/zh-hant\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%a9%a2\/?qm_symbol=DSG%3ACA\">Descartes Systems\uff08TSX:DSG\uff09<\/a>\u80a1\u4ef77\u6708\u4e0b\u8dcc15%\uff0c\u89e6\u53ca10\u4e2a\u6708\u4f4e\u70b9\u3002\u5206\u6790\u5e08\u6307\u51fa\uff0c\u6709\u4e9b\u5177\u5907\u6295\u8d44\u524d\u666f\u7684\u80a1\u7968\u53ef\u80fd\u4f1a\u56e0\u4e3a\u5404\u79cd\u6682\u65f6\u6027\u56e0\u7d20\u51fa\u73b0\u80a1\u4ef7\u56de\u8c03\uff0c\u4f46\u957f\u671f\u589e\u957f\u786e\u5b9a\u6027\u6e05\u6670\uff0cDescartes Systems\u5c31\u662f\u8fd9\u6837\u7684\u80a1\u7968\u3002<\/p>\n<p>\u5c55\u671b\u672a\u67653\u52305\u5e74\uff0c\u8fd9\u53ea\u4f9b\u5e94\u94fe\u9f99\u5934\u80a1\u7968\u6709\u671b\u7ed9\u6295\u8d44\u8005\u521b\u9020\u6295\u8d44\u7ffb\u500d\u7684\u56de\u62a5\u3002<\/p>\n<h2>Descartes Systems\u6709\u5f85\u91ca\u653e\u7684\u6295\u8d44\u673a\u4f1a<\/h2>\n<p>Descartes Systems\u662f\u4e00\u5bb6\u7269\u6d41\u548c\u4f9b\u5e94\u94fe\u7ba1\u7406\u89e3\u51b3\u65b9\u6848\u63d0\u4f9b\u5546\uff0c\u4f46\u4e0e\u4f9d\u8d56\u957f\u671f\u8ba2\u9605\u670d\u52a1\u7684\u540c\u884cKinaxis\u4e0d\u540c\u7684\u662f\uff0cDescartes\u91c7\u7528\u7684\u662f\u57fa\u4e8e\u4f7f\u7528\u7684\u6536\u8d39\u6a21\u5f0f\u3002\u516c\u53f8\u652f\u6301\u6309\u5355\u6b21\u8d27\u8fd0\u3001\u7279\u5b9a\u529f\u80fd\uff08\u5982\u6d77\u5173\u5408\u89c4\uff09\u6216\u5168\u6d41\u7a0b\u89e3\u51b3\u65b9\u6848\u7075\u6d3b\u6536\u8d39\uff0c\u56e0\u6b64\u4e1a\u52a1\u5177\u6709\u5b63\u8282\u6027\u7279\u5f81\uff0c\u901a\u5e38\u968f8-9\u6708\u7535\u5546\u65fa\u5b63\u4e34\u8fd1\u65f6\u80a1\u4ef7\u8d70\u5f3a\u3002<\/p>\n<p>Descartes\u7684\u89e3\u51b3\u65b9\u6848\u4e0d\u4ec5\u6709\u52a9\u4e8e\u89c4\u5212\u4f60\u7684\u4f9b\u5e94\u94fe\uff0c\u8fd8\u80fd\u5e2e\u52a9\u6267\u884c\u3002\u516c\u53f8\u63d0\u4f9b\u5e93\u5b58\u7ba1\u7406\u3001\u8def\u7ebf\u8ddf\u8e2a\u3001\u6d77\u5173\u62a5\u5173\u4ee5\u53ca\u516c\u53f8\u6267\u884c\u8d38\u6613\u6240\u9700\u7684\u8bb8\u591a\u5176\u4ed6\u670d\u52a1\u3002\u56e0\u6b64\uff0c\u516c\u53f8\u8fd8\u53d7\u76ca\u4e8e\u8d38\u6613\u91cf\u7684\u589e\u957f\u3002<\/p>\n<p>\u5173\u7a0e\u7684\u4e0d\u786e\u5b9a\u6027\u51cf\u7f13\u4e86\u90e8\u5206\u884c\u4e1a\u7684\u8d38\u6613\u6d3b\u52a8\u3002\u8be5\u516c\u53f8\u589e\u957f\u653e\u7f13\uff0c\u56e0\u6b64\u91c7\u53d6\u6210\u672c\u524a\u51cf\u63aa\u65bd\u2014\u2014\u4f8b\u5982\u88c1\u54587%\u2014\u2014\u4ee5\u4fdd\u6301\u8fd0\u8425\u4e0e\u9700\u6c42\u540c\u6b65\uff0c\u7ef4\u630145%\u7684\u8c03\u6574\u540e\u606f\u7a0e\u6298\u65e7\u644a\u9500\u524d\u5229\u6da6\u7387\uff08EBITDA\uff09\u3002\u5bf9\u6b64\uff0c\u80a1\u5e02\u505a\u51fa\u4e86\u8d1f\u9762\u53cd\u5e94\u3002\u7136\u800c\uff0c\u4e00\u65e6\u4f9b\u5e94\u94fe\u8c03\u6574\u5b8c\u6210\u6216\u8d38\u6613\u8c08\u5224\u5b9e\u73b0\u7a81\u7834\uff0c\u79ef\u538b\u9700\u6c42\u5c06\u63a8\u52a8\u8d38\u6613\u91cf\u6fc0\u589e\uff0cDescartes Systems\u5728\u8fd9\u4e00\u8fc7\u7a0b\u4e2d\u53ef\u9ad8\u6548\u52a9\u529b\u4f01\u4e1a\u8f6c\u578b\uff0c\u4ece\u800c\u52a0\u901f\u672a\u6765\u4e00\u5e74\u516c\u53f8\u6536\u5165\u7684\u589e\u957f\u5e76\u63a8\u9ad8\u80a1\u4ef7\u3002<\/p>\n<p>\u8fd9\u4e00\u5224\u65ad\u57fa\u4e8eDescartes Systems\u8fc7\u5f80\u7684\u589e\u957f\u5468\u671f\u3002\u8be5\u516c\u53f8\u7684\u4f18\u52bf\u5728\u4e8e\u5168\u7403\u7269\u6d41\u7f51\u7edc\uff08GLN\uff09\uff0c\u8be5\u7f51\u7edc\u53ef\u4ee5\u5e2e\u52a9\u4f01\u4e1a\u91cd\u7ec4\u4f9b\u5e94\u94fe\u3002\u4ee52021\u5e74\u4e3a\u4f8b\uff0c\u5f53\u65f6\u75ab\u60c5\u63a8\u52a8\u7535\u5546\u4ea4\u6613\u91cf\u589e\u957f\uff0cDescartes\u7684\u6536\u5165\u589e\u901f\u4e5f\u4ece\u4e00\u5e74\u524d\u76847%\u52a0\u901f\u81f322%\u30022023\u5e74\uff0c\u4fc4\u4e4c\u6218\u4e89\u6270\u4e71\u4e86\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u4f9b\u5e94\u94fe\uff0c\u4e3a\u5317\u7f8e\u6db2\u5316\u5929\u7136\u6c14\u51fa\u53e3\u5230\u6b27\u6d32\u521b\u9020\u4e86\u65b0\u7684\u673a\u4f1a\uff0c\u516c\u53f8\u6536\u5165\u589e\u957f\u63d0\u901f\u81f318%\u3002<\/p>\n<table>\n<thead>\n<tr>\n<td><strong>\u5e74\u4efd<\/strong><\/td>\n<td><strong>\u8425\u6536\uff08\u767e\u4e07\u52a0\u5143\uff09<\/strong><\/td>\n<td><strong>\u8425\u6536\u589e\u957f\u7387<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>2014<\/td>\n<td>170.9<\/td>\n<td>13%<\/td>\n<\/tr>\n<tr>\n<td>2015<\/td>\n<td>185.0<\/td>\n<td>8%<\/td>\n<\/tr>\n<tr>\n<td>2016<\/td>\n<td>203.8<\/td>\n<td>10%<\/td>\n<\/tr>\n<tr>\n<td>2017<\/td>\n<td>237.4<\/td>\n<td>16%<\/td>\n<\/tr>\n<tr>\n<td>2018<\/td>\n<td>275.2<\/td>\n<td>16%<\/td>\n<\/tr>\n<tr>\n<td>2019<\/td>\n<td>325.8<\/td>\n<td>18%<\/td>\n<\/tr>\n<tr>\n<td>2020<\/td>\n<td>348.7<\/td>\n<td>7%<\/td>\n<\/tr>\n<tr>\n<td><strong>2021<\/strong><\/td>\n<td><strong>424.7<\/strong><\/td>\n<td><strong>22%<\/strong><\/td>\n<\/tr>\n<tr>\n<td>2022<\/td>\n<td>486.0<\/td>\n<td>14%<\/td>\n<\/tr>\n<tr>\n<td><strong>2023<\/strong><\/td>\n<td><strong>572.9<\/strong><\/td>\n<td><strong>18%<\/strong><\/td>\n<\/tr>\n<tr>\n<td>2024<\/td>\n<td>651.0<\/td>\n<td>14%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u4e1a\u7ee9\u7684\u589e\u957f\u5151\u73b0\u4e3a\u6295\u8d44\u8005\u771f\u5b9e\u7684\u56de\u62a5\uff1aDescartes\u80a1\u7968\u4ef7\u683c2021\u5e74\u4e0a\u6da850%\uff0c2023\u5e74\u4e0a\u6da830%\uff0c\u4e94\u5e74\u5185\u98d9\u5347\u4e86100%\u3002\u6b64\u5916\uff0c\u516c\u53f8\u6bcf\u80a1\u6536\u76ca\uff08EPS\uff09\u7684\u589e\u957f\u901f\u5ea6\u662f\u6536\u5165\u589e\u901f\u7684\u4e24\u500d\uff1a\u6536\u5165\u4e94\u5e74\u5e74\u5747\u589e\u901f\u4e3a15%\uff0c\u6bcf\u80a1\u6536\u76ca\u589e\u901f\u8fbe30%\u3002<\/p>\n<h2>\u6295\u8d44\u4ef7\u503c\u5206\u6790<\/h2>\n<p>Descartes\u7684\u6210\u957f\u6f5c\u529b\u5f88\u9ad8\uff0c\u5f53\u524d\u4ea4\u6613\u4ef7\u683c\u76f8\u6bd4177.98\u52a0\u5143\u7684\u5386\u53f2\u9ad8\u70b9\u4f4e19%\u3002\u6b64\u5916\uff0cDSG\u662f\u4e00\u53ea\u6210\u957f\u80a1\uff0c\u8fd9\u610f\u5473\u7740\u5728\u589e\u957f\u7684\u8fc7\u7a0b\u4e2d\uff0c\u8be5\u80a1\u9700\u8981\u4e0a\u6da823.4%\u624d\u80fd\u7a81\u7834\u5386\u53f2\u65b0\u9ad8\u3002\u56e0\u6b64\uff0c\u5f53\u524d\u7684\u4e0b\u8dcc\u662f\u4e70\u8dcc\u673a\u4f1a\u3002\u98ce\u9669\u5728\u4e8e\uff0c\u8d38\u6613\u653f\u7b56\u53d8\u52a8\u53ef\u80fd\u5ef6\u7f13\u590d\u82cf\u8fdb\u7a0b\uff0c\u4f46\u516c\u53f8\u5df2\u505a\u597d\u5e94\u5bf9\u4f9b\u5e94\u94fe\u91cd\u6784\u7684\u51c6\u5907\uff0c\u4e2d\u957f\u671f\u589e\u957f\u52a8\u80fd\u5145\u8db3\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u52a0\u62ff\u5927\u7269\u6d41\u8f6f\u4ef6\u5de8\u5934Descartes Systems\uff08TSX:DSG\uff09\u80a1\u4ef77\u6708\u4e0b\u8dcc15%\uff0c\u89e6\u53ca10\u4e2a\u6708\u4f4e\u70b9\u3002\u5206 [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":557634,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1521,430],"tags":[2146,2155,2137,2232],"class_list":["post-584305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1521","category-trends-strategies-zh-hans","tag-2146","tag-2155","tag-2137","tag-2232","sectors-technology-zh-hans","locations-canada-zh-hans","exchange-tsx-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/584305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=584305"}],"version-history":[{"count":2,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/584305\/revisions"}],"predecessor-version":[{"id":584311,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/584305\/revisions\/584311"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/557634"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=584305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=584305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=584305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}