{
|
"conclusion": {
|
"base_midpoint": "1029.737450892921725473031390",
|
"price_label": "当前价格处于基准合理区间",
|
"price_position": "WITHIN_BASE_RANGE",
|
"safety_margin_to_base_midpoint": "0.07962947333984875342729827821"
|
},
|
"engine_version": "1.0.0",
|
"holding_period": {
|
"cumulative_dividend_per_share": "0",
|
"required_exit_price": "1526.3447474",
|
"required_profit_by_exit_pe": [
|
{
|
"exit_pe": "20",
|
"required_profit": "84797481642.03694158"
|
},
|
{
|
"exit_pe": "25",
|
"required_profit": "67837985313.629553264"
|
},
|
{
|
"exit_pe": "30",
|
"required_profit": "56531654428.02462772"
|
},
|
{
|
"exit_pe": "35",
|
"required_profit": "48455703795.44968090285714286"
|
},
|
{
|
"exit_pe": "40",
|
"required_profit": "42398740821.01847079"
|
},
|
{
|
"exit_pe": "50",
|
"required_profit": "33918992656.814776632"
|
},
|
{
|
"exit_pe": "60",
|
"required_profit": "28265827214.01231386"
|
},
|
{
|
"exit_pe": "75",
|
"required_profit": "22612661771.209851088"
|
},
|
{
|
"exit_pe": "100",
|
"required_profit": "16959496328.407388316"
|
}
|
],
|
"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": "27.737035714286",
|
"profit": "30819128912.955963"
|
},
|
"2027": {
|
"eps": "49.063035714286",
|
"profit": "54514838503.839966"
|
},
|
"2028": {
|
"eps": "69.973392857143",
|
"profit": "77748719695.75623"
|
}
|
},
|
"included": true,
|
"institution": "东方财富公开一致预期汇总（覆盖池29家）",
|
"report_date": "2026-08-05",
|
"source_id": "SRC-EM-CONSENSUS-20260805",
|
"statuses": [
|
"CURRENT"
|
]
|
}
|
],
|
"summary": {
|
"2026": {
|
"eps_mean": "27.737035714286",
|
"eps_profit_reconciliation_gap": "0.00000000000000008697442447418306409582490718",
|
"institution_count": 1,
|
"pe_on_mean": "34.16875580225990307175376976",
|
"profit_max": "30819128912.955963",
|
"profit_mean": "30819128912.955963",
|
"profit_median": "30819128912.955963",
|
"profit_min": "30819128912.955963"
|
},
|
"2027": {
|
"eps_mean": "49.063035714286",
|
"eps_profit_reconciliation_gap": "0.0000000000000001042005471519442076629308442",
|
"institution_count": 1,
|
"pe_on_mean": "19.31678271028876314405853554",
|
"profit_max": "54514838503.839966",
|
"profit_mean": "54514838503.839966",
|
"profit_median": "54514838503.839966",
|
"profit_min": "54514838503.839966"
|
},
|
"2028": {
|
"eps_mean": "69.973392857143",
|
"eps_profit_reconciliation_gap": "0.000000000000000002054850557349053210837132171",
|
"institution_count": 1,
|
"pe_on_mean": "13.54429106981987841162314992",
|
"profit_max": "77748719695.75623",
|
"profit_mean": "77748719695.75623",
|
"profit_median": "77748719695.75623",
|
"profit_min": "77748719695.75623"
|
}
|
}
|
},
|
"meta": {
|
"as_of_date": "2026-08-05",
|
"code": "300308.SZ",
|
"company": "中际旭创",
|
"currency": "CNY",
|
"latest_operating_info_date": "2026-04-17",
|
"market": "深圳证券交易所",
|
"report_period_end": "2026-03-31"
|
},
|
"metrics": {
|
"annual_cash_conversion": "1.009157129843267588091402977",
|
"annual_fcf": "8136131464.12",
|
"book_value_per_share": "32.02817606957063854910704767",
|
"current_fcf": "1438374393.74",
|
"deduct_pe": "70.86760802697702460878643649",
|
"diluted_shares": "1111118334.0",
|
"enterprise_value": "1045078667379.150",
|
"market_cap": "1053051289865.160",
|
"normalized_eps": "13.37338773504568935499177894",
|
"normalized_pe": "70.86760802697702570570367179",
|
"normalized_profit": "14859416300.09999977",
|
"pb": "29.59082021846475872399288135",
|
"price": "947.74",
|
"ps": "20.62292991205762553619973935",
|
"reported_pe": "70.44349216102638474666611136",
|
"ttm_attributable_profit": "14948879698.61",
|
"ttm_deduct_profit": "14859416300.10",
|
"ttm_eps": "13.45390427029890049496744241",
|
"ttm_revenue": "51062157237.39"
|
},
|
"normalization_adjustments": [
|
{
|
"amount": "-89463398.51000023",
|
"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": "47.387",
|
"implied_margin": "1.031146495602881276809986967",
|
"implied_profit": "52652564493.258",
|
"pe": "20"
|
},
|
{
|
"implied_eps": "37.9096",
|
"implied_margin": "0.8249171964823050214479895739",
|
"implied_profit": "42122051594.6064",
|
"pe": "25"
|
},
|
{
|
"implied_eps": "31.59133333333333333333333333",
|
"implied_margin": "0.6874309970685875178733246449",
|
"implied_profit": "35101709662.172",
|
"pe": "30"
|
},
|
{
|
"implied_eps": "27.07828571428571428571428571",
|
"implied_margin": "0.5892265689159321581771354099",
|
"implied_profit": "30087179710.43314285714285714",
|
"pe": "35"
|
},
|
{
|
"implied_eps": "23.6935",
|
"implied_margin": "0.5155732478014406384049934837",
|
"implied_profit": "26326282246.629",
|
"pe": "40"
|
},
|
{
|
"implied_eps": "18.9548",
|
"implied_margin": "0.4124585982411525107239947870",
|
"implied_profit": "21061025797.3032",
|
"pe": "50"
|
},
|
{
|
"implied_eps": "15.79566666666666666666666667",
|
"implied_margin": "0.3437154985342937589366623225",
|
"implied_profit": "17550854831.086",
|
"pe": "60"
|
},
|
{
|
"implied_eps": "12.63653333333333333333333333",
|
"implied_margin": "0.2749723988274350071493298580",
|
"implied_profit": "14040683864.8688",
|
"pe": "75"
|
},
|
{
|
"implied_eps": "9.4774",
|
"implied_margin": "0.2062292991205762553619973935",
|
"implied_profit": "10530512898.6516",
|
"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": "-0.10958092362678484",
|
"cagr_low": "-0.23418711552748728",
|
"equity_value_high": "589415840460.30",
|
"equity_value_low": "277372160216.60",
|
"method": "pe",
|
"name": "悲观",
|
"price_high": "530.4708080357352828992199853",
|
"price_low": "249.6333214285707214331682515",
|
"role": "pessimistic",
|
"upside_to_high": "-0.4402781268747385539291155957",
|
"upside_to_low": "-0.7366014714704763738650175665"
|
},
|
{
|
"assumption": "以TTM归一化利润与29家机构覆盖池预期为锚，按行业成长和周期属性定价。",
|
"cagr_high": "0.08656631657318159",
|
"cagr_low": "-0.08016343260223935",
|
"equity_value_high": "1594889921245.5",
|
"equity_value_low": "693430400541.60",
|
"method": "pe",
|
"name": "基准",
|
"price_high": "1435.391598214326647948192348",
|
"price_low": "624.0833035715168029978704320",
|
"role": "base",
|
"upside_to_high": "0.514541539044808331344242459",
|
"upside_to_low": "-0.3415036786760959725263569840"
|
},
|
{
|
"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": "0.25089833235781955",
|
"cagr_low": "0.10747715113540934",
|
"equity_value_high": "3225221840740.90",
|
"equity_value_low": "1754378913370.05",
|
"method": "pe",
|
"name": "乐观",
|
"price_high": "2902.680787500082776961900081",
|
"price_low": "1578.930758035759312743011583",
|
"role": "optimistic",
|
"upside_to_high": "2.062739556735056847829468083",
|
"upside_to_low": "0.665995692949289164478666705"
|
}
|
]
|
}
|
