{
|
"conclusion": {
|
"base_midpoint": "26.03358749985261027725965690",
|
"price_label": "当前价格处于基准合理区间",
|
"price_position": "WITHIN_BASE_RANGE",
|
"safety_margin_to_base_midpoint": "-0.3090781284059657418475729691"
|
},
|
"engine_version": "1.0.0",
|
"holding_period": {
|
"cumulative_dividend_per_share": "0",
|
"required_exit_price": "54.8861808",
|
"required_profit_by_exit_pe": [
|
{
|
"exit_pe": "20",
|
"required_profit": "3059401094.94197640"
|
},
|
{
|
"exit_pe": "25",
|
"required_profit": "2447520875.95358112"
|
},
|
{
|
"exit_pe": "30",
|
"required_profit": "2039600729.96131760"
|
},
|
{
|
"exit_pe": "35",
|
"required_profit": "1748229197.10970080"
|
},
|
{
|
"exit_pe": "40",
|
"required_profit": "1529700547.47098820"
|
},
|
{
|
"exit_pe": "50",
|
"required_profit": "1223760437.97679056"
|
},
|
{
|
"exit_pe": "60",
|
"required_profit": "1019800364.98065880"
|
},
|
{
|
"exit_pe": "75",
|
"required_profit": "815840291.98452704"
|
},
|
{
|
"exit_pe": "100",
|
"required_profit": "611880218.98839528"
|
}
|
],
|
"required_return": "0.1",
|
"years": 5
|
},
|
"institutions": {
|
"coverage_status": "available",
|
"detail": [
|
{
|
"core_assumption": "汇总接口未提供逐家报告日期；估值日仅作为C1汇总快照日期，不替代单家研报。",
|
"estimates": {
|
"2026": {
|
"eps": "0.7157",
|
"profit": "797874194.0995001"
|
},
|
"2027": {
|
"eps": "0.8867",
|
"profit": "988507821.5845001"
|
},
|
"2028": {
|
"eps": "1.146142857143",
|
"profit": "1277739008.615159"
|
}
|
},
|
"included": true,
|
"institution": "东方财富公开一致预期汇总（覆盖池10家）",
|
"report_date": "2026-08-04",
|
"source_id": "SRC-EM-CONSENSUS-20260804",
|
"statuses": [
|
"CURRENT"
|
]
|
}
|
],
|
"summary": {
|
"2026": {
|
"eps_mean": "0.7157",
|
"eps_profit_reconciliation_gap": "0.0000000000000001253330421506643562063929611",
|
"institution_count": 1,
|
"pe_on_mean": "47.61771692049740914999290695",
|
"profit_max": "797874194.0995001",
|
"profit_mean": "797874194.0995001",
|
"profit_median": "797874194.0995001",
|
"profit_min": "797874194.0995001"
|
},
|
"2027": {
|
"eps_mean": "0.8867",
|
"eps_profit_reconciliation_gap": "0.0000000000000001011625783999441546239165280",
|
"institution_count": 1,
|
"pe_on_mean": "38.43464531408593273077628074",
|
"profit_max": "988507821.5845001",
|
"profit_mean": "988507821.5845001",
|
"profit_median": "988507821.5845001",
|
"profit_min": "988507821.5845001"
|
},
|
"2028": {
|
"eps_mean": "1.146142857143",
|
"eps_profit_reconciliation_gap": "0.0000000000000002030970317492749137749951149",
|
"institution_count": 1,
|
"pe_on_mean": "29.73451327433258306587979079",
|
"profit_max": "1277739008.615159",
|
"profit_mean": "1277739008.615159",
|
"profit_median": "1277739008.615159",
|
"profit_min": "1277739008.615159"
|
}
|
}
|
},
|
"meta": {
|
"as_of_date": "2026-08-04",
|
"code": "002294.SZ",
|
"company": "信立泰",
|
"currency": "CNY",
|
"latest_operating_info_date": "2026-04-21",
|
"market": "深圳证券交易所",
|
"report_period_end": "2026-03-31"
|
},
|
"metrics": {
|
"annual_cash_conversion": "1.615395391328346112416463787",
|
"annual_fcf": "78337344.85",
|
"book_value_per_share": "8.206079447323590334081293475",
|
"current_fcf": "-18489211.86",
|
"deduct_pe": "65.12711039924574006914287193",
|
"diluted_shares": "1114816535.0",
|
"enterprise_value": "36956015854.540",
|
"market_cap": "37992947512.800",
|
"normalized_eps": "0.5232843863497233470797058101",
|
"normalized_pe": "65.12711039924575346596766167",
|
"normalized_profit": "583366086.40999988",
|
"pb": "4.153018529587253622718315173",
|
"price": "34.08",
|
"ps": "8.407574723216037252285907633",
|
"reported_pe": "56.16540865323607639522503999",
|
"ttm_attributable_profit": "676447450.91",
|
"ttm_deduct_profit": "583366086.41",
|
"ttm_eps": "0.6067791691930726520844077721",
|
"ttm_revenue": "4518895015.93"
|
},
|
"normalization_adjustments": [
|
{
|
"amount": "-93081364.50000012",
|
"basis": "2025年报加2026年最新累计期减上年同期比较数",
|
"description": "以TTM扣非归母利润替代TTM归母利润作为核心盈利代理"
|
}
|
],
|
"qa": {
|
"error_count": 0,
|
"info_count": 0,
|
"issues": [],
|
"status": "PASS",
|
"warning_count": 0
|
},
|
"reverse_pe": [
|
{
|
"implied_eps": "1.704",
|
"implied_margin": "0.4203787361608018626142953816",
|
"implied_profit": "1899647375.640",
|
"pe": "20"
|
},
|
{
|
"implied_eps": "1.3632",
|
"implied_margin": "0.3363029889286414900914363053",
|
"implied_profit": "1519717900.512",
|
"pe": "25"
|
},
|
{
|
"implied_eps": "1.136",
|
"implied_margin": "0.2802524907738679084095302544",
|
"implied_profit": "1266431583.760",
|
"pe": "30"
|
},
|
{
|
"implied_eps": "0.9737142857142857142857142857",
|
"implied_margin": "0.2402164206633153500653116466",
|
"implied_profit": "1085512786.080",
|
"pe": "35"
|
},
|
{
|
"implied_eps": "0.852",
|
"implied_margin": "0.2101893680804009313071476908",
|
"implied_profit": "949823687.820",
|
"pe": "40"
|
},
|
{
|
"implied_eps": "0.6816",
|
"implied_margin": "0.1681514944643207450457181527",
|
"implied_profit": "759858950.256",
|
"pe": "50"
|
},
|
{
|
"implied_eps": "0.568",
|
"implied_margin": "0.1401262453869339542047651272",
|
"implied_profit": "633215791.880",
|
"pe": "60"
|
},
|
{
|
"implied_eps": "0.4544",
|
"implied_margin": "0.1121009963095471633638121018",
|
"implied_profit": "506572633.504",
|
"pe": "75"
|
},
|
{
|
"implied_eps": "0.3408",
|
"implied_margin": "0.08407574723216037252285907633",
|
"implied_profit": "379929475.128",
|
"pe": "100"
|
}
|
],
|
"scenarios": [
|
{
|
"assumption": "需求、验收或价格低于预期，利润下修且估值回归低位。",
|
"cagr_high": "-0.17818525271694696",
|
"cagr_low": "-0.2983132270486234",
|
"equity_value_high": "14242054364.72",
|
"equity_value_low": "6462780972.12",
|
"method": "pe",
|
"name": "悲观",
|
"price_high": "12.77524500003940110199388099",
|
"price_low": "5.797169999922902112319315393",
|
"role": "pessimistic",
|
"upside_to_high": "-0.6251395246467311883217757925",
|
"upside_to_low": "-0.8298952464811355013990811211"
|
},
|
{
|
"assumption": "以TTM归一化利润与10家机构覆盖池预期为锚，按行业成长和周期属性定价。",
|
"cagr_high": "0.016783188668021864",
|
"cagr_low": "-0.15103429808010482",
|
"equity_value_high": "41289989544.45",
|
"equity_value_low": "16755358075.96",
|
"method": "pe",
|
"name": "基准",
|
"price_high": "37.03747499982138316597537728",
|
"price_low": "15.02969999988383738854393651",
|
"role": "base",
|
"upside_to_high": "0.086780369713068754870169521",
|
"upside_to_low": "-0.5589876760597465555004713465"
|
},
|
{
|
"assumption": "订单、产品结构和规模效应超预期，利润与估值中枢同步上移。",
|
"cagr_high": "0.1705612217823793",
|
"cagr_low": "0.036351055554375566",
|
"equity_value_high": "83497534412.5",
|
"equity_value_low": "45418988499.30",
|
"method": "pe",
|
"name": "乐观",
|
"price_high": "74.89800499998863041621462854",
|
"price_low": "40.74122250016680995855519850",
|
"role": "optimistic",
|
"upside_to_high": "1.197711414318915211743386988",
|
"upside_to_low": "0.195458406695035503478732350"
|
}
|
]
|
}
|
