{
|
"conclusion": {
|
"base_midpoint": "30.30399999993622905096424385",
|
"price_label": "当前价格处于基准合理区间",
|
"price_position": "WITHIN_BASE_RANGE",
|
"safety_margin_to_base_midpoint": "-0.03286694825982929334471338959"
|
},
|
"engine_version": "1.0.0",
|
"holding_period": {
|
"cumulative_dividend_per_share": "0",
|
"required_exit_price": "50.408963",
|
"required_profit_by_exit_pe": [
|
{
|
"exit_pe": "20",
|
"required_profit": "1739031961.6824099"
|
},
|
{
|
"exit_pe": "25",
|
"required_profit": "1391225569.34592792"
|
},
|
{
|
"exit_pe": "30",
|
"required_profit": "1159354641.1216066"
|
},
|
{
|
"exit_pe": "35",
|
"required_profit": "993732549.5328056571428571429"
|
},
|
{
|
"exit_pe": "40",
|
"required_profit": "869515980.84120495"
|
},
|
{
|
"exit_pe": "50",
|
"required_profit": "695612784.67296396"
|
},
|
{
|
"exit_pe": "60",
|
"required_profit": "579677320.5608033"
|
},
|
{
|
"exit_pe": "75",
|
"required_profit": "463741856.44864264"
|
},
|
{
|
"exit_pe": "100",
|
"required_profit": "347806392.33648198"
|
}
|
],
|
"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": "1.894",
|
"profit": "1306801941.324"
|
},
|
"2027": {
|
"eps": "2.562",
|
"profit": "1767701464.452"
|
},
|
"2028": {
|
"eps": "3.1225",
|
"profit": "2154429282.885"
|
}
|
},
|
"included": true,
|
"institution": "东方财富公开一致预期汇总（覆盖池5家）",
|
"report_date": "2026-08-06",
|
"source_id": "SRC-EM-CONSENSUS-20260806",
|
"statuses": [
|
"CURRENT"
|
]
|
}
|
],
|
"summary": {
|
"2026": {
|
"eps_mean": "1.894",
|
"eps_profit_reconciliation_gap": "0.0",
|
"institution_count": 1,
|
"pe_on_mean": "16.52587117212249208025343189",
|
"profit_max": "1306801941.324",
|
"profit_mean": "1306801941.324",
|
"profit_median": "1306801941.324",
|
"profit_min": "1306801941.324"
|
},
|
"2027": {
|
"eps_mean": "2.562",
|
"eps_profit_reconciliation_gap": "0.0",
|
"institution_count": 1,
|
"pe_on_mean": "12.21701795472287275565964091",
|
"profit_max": "1767701464.452",
|
"profit_mean": "1767701464.452",
|
"profit_median": "1767701464.452",
|
"profit_min": "1767701464.452"
|
},
|
"2028": {
|
"eps_mean": "3.1225",
|
"eps_profit_reconciliation_gap": "0.00",
|
"institution_count": 1,
|
"pe_on_mean": "10.02401921537229783827061649",
|
"profit_max": "2154429282.885",
|
"profit_mean": "2154429282.885",
|
"profit_median": "2154429282.885",
|
"profit_min": "2154429282.885"
|
}
|
}
|
},
|
"meta": {
|
"as_of_date": "2026-08-06",
|
"code": "000603.SZ",
|
"company": "盛达资源",
|
"currency": "CNY",
|
"latest_operating_info_date": "2026-08-01",
|
"market": "深圳证券交易所",
|
"report_period_end": "2026-06-30"
|
},
|
"metrics": {
|
"annual_cash_conversion": "1.630521424067890293242838622",
|
"annual_fcf": "168104416.01",
|
"book_value_per_share": "5.443630584828909196206522485",
|
"current_fcf": "400503237.08",
|
"deduct_pe": "25.35651144274436124444106003",
|
"diluted_shares": "689969346.0",
|
"enterprise_value": "23782079011.31",
|
"market_cap": "21596040529.80",
|
"normalized_eps": "1.234396934715415720947115816",
|
"normalized_pe": "25.35651144274435882994930764",
|
"normalized_profit": "851696045.7500000811",
|
"pb": "5.749839103195453993843867370",
|
"price": "31.3",
|
"ps": "7.978219327607857550655900483",
|
"reported_pe": "25.33501437471908991077646807",
|
"ttm_attributable_profit": "852418720.21",
|
"ttm_deduct_profit": "851696045.75",
|
"ttm_eps": "1.235444335537190662380528424",
|
"ttm_revenue": "2706874760.27"
|
},
|
"normalization_adjustments": [
|
{
|
"amount": "-722674.4599999189",
|
"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": "1.565",
|
"implied_margin": "0.3989109663803928775327950241",
|
"implied_profit": "1079802026.49",
|
"pe": "20"
|
},
|
{
|
"implied_eps": "1.252",
|
"implied_margin": "0.3191287731043143020262360193",
|
"implied_profit": "863841621.192",
|
"pe": "25"
|
},
|
{
|
"implied_eps": "1.043333333333333333333333333",
|
"implied_margin": "0.2659406442535952516885300161",
|
"implied_profit": "719868017.66",
|
"pe": "30"
|
},
|
{
|
"implied_eps": "0.8942857142857142857142857143",
|
"implied_margin": "0.2279491236459387871615971566",
|
"implied_profit": "617029729.4228571428571428571",
|
"pe": "35"
|
},
|
{
|
"implied_eps": "0.7825",
|
"implied_margin": "0.1994554831901964387663975121",
|
"implied_profit": "539901013.245",
|
"pe": "40"
|
},
|
{
|
"implied_eps": "0.626",
|
"implied_margin": "0.1595643865521571510131180097",
|
"implied_profit": "431920810.596",
|
"pe": "50"
|
},
|
{
|
"implied_eps": "0.5216666666666666666666666667",
|
"implied_margin": "0.1329703221267976258442650080",
|
"implied_profit": "359934008.83",
|
"pe": "60"
|
},
|
{
|
"implied_eps": "0.4173333333333333333333333333",
|
"implied_margin": "0.1063762577014381006754120064",
|
"implied_profit": "287947207.064",
|
"pe": "75"
|
},
|
{
|
"implied_eps": "0.313",
|
"implied_margin": "0.07978219327607857550655900483",
|
"implied_profit": "215960405.298",
|
"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": "-0.12893244900106482",
|
"cagr_low": "-0.26272819195210895",
|
"equity_value_high": "10830121088.67",
|
"equity_value_low": "4704486988.8",
|
"method": "pe",
|
"name": "悲观",
|
"price_high": "15.69652499992369226211971452",
|
"price_low": "6.818400000048697815627304695",
|
"role": "pessimistic",
|
"upside_to_high": "-0.4985135782771983302837151911",
|
"upside_to_low": "-0.7821597444073898461460925018"
|
},
|
{
|
"assumption": "以TTM归一化利润与5家机构覆盖池预期为锚，按行业成长和周期属性定价。",
|
"cagr_high": "0.0683478851201289",
|
"cagr_low": "-0.11444481686981756",
|
"equity_value_high": "30056444650.40",
|
"equity_value_low": "11761217471.88",
|
"method": "pe",
|
"name": "基准",
|
"price_high": "43.56199999992463433295774273",
|
"price_low": "17.04599999994782376897074497",
|
"role": "base",
|
"upside_to_high": "0.391757188495994707123250566",
|
"upside_to_low": "-0.4553993610240311894897525569"
|
},
|
{
|
"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": "0.22226087171899178",
|
"cagr_low": "0.06620259092413616",
|
"equity_value_high": "58910631514.84",
|
"equity_value_low": "29755880203.86",
|
"method": "pe",
|
"name": "乐观",
|
"price_high": "85.38151999993344631864268358",
|
"price_low": "43.12637999987321175859891028",
|
"role": "optimistic",
|
"upside_to_high": "1.727844089454742693886347718",
|
"upside_to_low": "0.377839616609367787814661670"
|
}
|
]
|
}
|
