{
|
"conclusion": {
|
"base_midpoint": "21.64878571433120502803209218",
|
"price_label": "当前价格低于基准合理区间",
|
"price_position": "BELOW_BASE_RANGE",
|
"safety_margin_to_base_midpoint": "0.5597905524238586669778169759"
|
},
|
"engine_version": "1.0.0",
|
"holding_period": {
|
"cumulative_dividend_per_share": "0",
|
"required_exit_price": "15.3481603",
|
"required_profit_by_exit_pe": [
|
{
|
"exit_pe": "20",
|
"required_profit": "951924189.03077155"
|
},
|
{
|
"exit_pe": "25",
|
"required_profit": "761539351.22461724"
|
},
|
{
|
"exit_pe": "30",
|
"required_profit": "634616126.0205143666666666667"
|
},
|
{
|
"exit_pe": "35",
|
"required_profit": "543956679.4461551714285714286"
|
},
|
{
|
"exit_pe": "40",
|
"required_profit": "475962094.515385775"
|
},
|
{
|
"exit_pe": "50",
|
"required_profit": "380769675.61230862"
|
},
|
{
|
"exit_pe": "60",
|
"required_profit": "317308063.0102571833333333333"
|
},
|
{
|
"exit_pe": "75",
|
"required_profit": "253846450.4082057466666666667"
|
},
|
{
|
"exit_pe": "100",
|
"required_profit": "190384837.80615431"
|
}
|
],
|
"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": "0.733857142857",
|
"profit": "910306319.355537"
|
},
|
"2027": {
|
"eps": "0.829142857143",
|
"profit": "1028502604.1544628"
|
},
|
"2028": {
|
"eps": "0.937714285714",
|
"profit": "1163179030.6110742"
|
}
|
},
|
"included": true,
|
"institution": "东方财富公开一致预期汇总（覆盖池7家）",
|
"report_date": "2026-08-06",
|
"source_id": "SRC-EM-CONSENSUS-20260806",
|
"statuses": [
|
"CURRENT"
|
]
|
}
|
],
|
"summary": {
|
"2026": {
|
"eps_mean": "0.733857142857",
|
"eps_profit_reconciliation_gap": "0.00000000000000008776166692609488545810808846",
|
"institution_count": 1,
|
"pe_on_mean": "12.98617870352598637984900265",
|
"profit_max": "910306319.355537",
|
"profit_mean": "910306319.355537",
|
"profit_median": "910306319.355537",
|
"profit_min": "910306319.355537"
|
},
|
"2027": {
|
"eps_mean": "0.829142857143",
|
"eps_profit_reconciliation_gap": "0.0000000000000001167814252631309955009759505",
|
"institution_count": 1,
|
"pe_on_mean": "11.49379738111449241783386713",
|
"profit_max": "1028502604.1544628",
|
"profit_mean": "1028502604.1544628",
|
"profit_median": "1028502604.1544628",
|
"profit_min": "1028502604.1544628"
|
},
|
"2028": {
|
"eps_mean": "0.937714285714",
|
"eps_profit_reconciliation_gap": "0.00000000000000003457765222853999424883605909",
|
"institution_count": 1,
|
"pe_on_mean": "10.16301035953996400274891831",
|
"profit_max": "1163179030.6110742",
|
"profit_mean": "1163179030.6110742",
|
"profit_median": "1163179030.6110742",
|
"profit_min": "1163179030.6110742"
|
}
|
}
|
},
|
"meta": {
|
"as_of_date": "2026-08-06",
|
"code": "002096.SZ",
|
"company": "易普力",
|
"currency": "CNY",
|
"latest_operating_info_date": "2026-04-30",
|
"market": "深圳证券交易所",
|
"report_period_end": "2026-03-31"
|
},
|
"metrics": {
|
"annual_cash_conversion": "1.008782151346529923562385945",
|
"annual_fcf": "566275726.79",
|
"book_value_per_share": "6.549867234071966612319587013",
|
"current_fcf": "-77293232.11",
|
"deduct_pe": "17.85699722472020647295076246",
|
"diluted_shares": "1240440770.0",
|
"enterprise_value": "10000138582.850",
|
"market_cap": "11821400538.100",
|
"normalized_eps": "0.5336843524177296752347151569",
|
"normalized_pe": "17.85699722472020755191716363",
|
"normalized_profit": "662003829.04999996",
|
"pb": "1.454991324163882922981021035",
|
"price": "9.53",
|
"ps": "1.222995033882027908459845572",
|
"reported_pe": "16.08520812257366302828190707",
|
"ttm_attributable_profit": "734923691.88",
|
"ttm_deduct_profit": "662003829.05",
|
"ttm_eps": "0.5924697975542999928968797116",
|
"ttm_revenue": "9665943205.49"
|
},
|
"normalization_adjustments": [
|
{
|
"amount": "-72919862.83000004",
|
"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": "0.4765",
|
"implied_margin": "0.06114975169410139542299227861",
|
"implied_profit": "591070026.905",
|
"pe": "20"
|
},
|
{
|
"implied_eps": "0.3812",
|
"implied_margin": "0.04891980135528111633839382289",
|
"implied_profit": "472856021.524",
|
"pe": "25"
|
},
|
{
|
"implied_eps": "0.3176666666666666666666666667",
|
"implied_margin": "0.04076650112940093028199485241",
|
"implied_profit": "394046684.6033333333333333333",
|
"pe": "30"
|
},
|
{
|
"implied_eps": "0.2722857142857142857142857143",
|
"implied_margin": "0.03494271525377222595599558778",
|
"implied_profit": "337754301.0885714285714285714",
|
"pe": "35"
|
},
|
{
|
"implied_eps": "0.23825",
|
"implied_margin": "0.03057487584705069771149613931",
|
"implied_profit": "295535013.4525",
|
"pe": "40"
|
},
|
{
|
"implied_eps": "0.1906",
|
"implied_margin": "0.02445990067764055816919691145",
|
"implied_profit": "236428010.762",
|
"pe": "50"
|
},
|
{
|
"implied_eps": "0.1588333333333333333333333333",
|
"implied_margin": "0.02038325056470046514099742621",
|
"implied_profit": "197023342.3016666666666666667",
|
"pe": "60"
|
},
|
{
|
"implied_eps": "0.1270666666666666666666666667",
|
"implied_margin": "0.01630660045176037211279794096",
|
"implied_profit": "157618673.8413333333333333333",
|
"pe": "75"
|
},
|
{
|
"implied_eps": "0.0953",
|
"implied_margin": "0.01222995033882027908459845572",
|
"implied_profit": "118214005.381",
|
"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": "0.041808183587595193",
|
"cagr_low": "-0.09008520043996626",
|
"equity_value_high": "14508006964.75",
|
"equity_value_low": "7373481186.78",
|
"method": "pe",
|
"name": "悲观",
|
"price_high": "11.69584821430046998535851091",
|
"price_low": "5.944242857141820644930914356",
|
"role": "pessimistic",
|
"upside_to_high": "0.227266339380951729838248784",
|
"upside_to_low": "-0.3762599310449296280240383677"
|
},
|
{
|
"assumption": "以TTM归一化利润与7家机构覆盖池预期为锚，按行业成长和周期属性定价。",
|
"cagr_high": "0.25388267562472366",
|
"cagr_low": "0.07622723828199551",
|
"equity_value_high": "36639829354.10",
|
"equity_value_low": "17068243488.00",
|
"method": "pe",
|
"name": "基准",
|
"price_high": "29.53775000002620036424633157",
|
"price_low": "13.75982142863620969181785278",
|
"role": "base",
|
"upside_to_high": "2.099449108082497414926162809",
|
"upside_to_low": "0.443842752217860408375430512"
|
},
|
{
|
"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": "0.42862138800855054",
|
"cagr_low": "0.27801349285056687",
|
"equity_value_high": "70348472359.68",
|
"equity_value_low": "40303812289.30",
|
"method": "pe",
|
"name": "乐观",
|
"price_high": "56.71247999989552100903616704",
|
"price_low": "32.49152499985952573938697613",
|
"role": "optimistic",
|
"upside_to_high": "4.950942287502153306299702732",
|
"upside_to_low": "2.409394018872982763839137055"
|
}
|
]
|
}
|
