天融信（002212）：前三季度业绩承压，积极布局量子领域

前三季度业绩承压，积极布局量子领域 天融信(002212) ——天融信（002212.SZ）2025 年三季报点评 股票研究 /[Table_Date] 2025.11.13 2025-11-13 | [Table_Finance] 财务摘要(百万元) | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入 | 3,124 | 2,820 | 3,056 | 3,369 | 3,724 | | (+/-)% | -11.8% | -9.7% | 8.3% | 10.3% | 10.5% | | 净利润(归母) | -371 | 83 | 154 | 232 | 294 | | (+/-)% | -281.1% | 122.4% | 86.0% | 50.1% | 26.8% | | 每股净收益(元) | -0.31 | 0.07 | 0.13 | 0.20 | 0.25 | | 净资产收益率(%) | -3.9% | 0.9% | 1.6% | 2.4% | 3.0% | | 市盈率(现价& ...