{
|
"conclusion": {
|
"base_midpoint": "50.1411300830183057369310681",
|
"price_label": "当前价格高于基准合理区间",
|
"price_position": "ABOVE_BASE_RANGE",
|
"safety_margin_to_base_midpoint": "-0.9989577385681159420289855071"
|
},
|
"engine_version": "1.0.0",
|
"holding_period": {
|
"cumulative_dividend_per_share": "0",
|
"required_exit_price": "161.4214173",
|
"required_profit_by_exit_pe": [
|
{
|
"exit_pe": "50",
|
"required_profit": "1332807351.002113272"
|
},
|
{
|
"exit_pe": "60",
|
"required_profit": "1110672792.50176106"
|
},
|
{
|
"exit_pe": "70",
|
"required_profit": "952005250.7157951942857142857"
|
},
|
{
|
"exit_pe": "80",
|
"required_profit": "833004594.376320795"
|
},
|
{
|
"exit_pe": "90",
|
"required_profit": "740448528.3345073733333333333"
|
},
|
{
|
"exit_pe": "100",
|
"required_profit": "666403675.501056636"
|
},
|
{
|
"exit_pe": "120",
|
"required_profit": "555336396.25088053"
|
}
|
],
|
"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": "0.754571428571",
|
"profit": "311513293.4889659"
|
},
|
"2027": {
|
"eps": "1.253857142857",
|
"profit": "517635777.5376553"
|
},
|
"2028": {
|
"eps": "1.8282",
|
"profit": "754744457.0424"
|
}
|
},
|
"included": true,
|
"institution": "东方财富公开一致预期汇总（覆盖池7家）",
|
"report_date": "2026-08-03",
|
"source_id": "SRC-EM-CONSENSUS-20260803",
|
"statuses": [
|
"CURRENT"
|
]
|
}
|
],
|
"summary": {
|
"2026": {
|
"eps_mean": "0.754571428571",
|
"eps_profit_reconciliation_gap": "0.00000000000000008979392078813739324857539927",
|
"institution_count": 1,
|
"pe_on_mean": "132.8303672851947281526255866",
|
"profit_max": "311513293.4889659",
|
"profit_mean": "311513293.4889659",
|
"profit_median": "311513293.4889659",
|
"profit_min": "311513293.4889659"
|
},
|
"2027": {
|
"eps_mean": "1.253857142857",
|
"eps_profit_reconciliation_gap": "0.00000000000000001801266528436923524846095310",
|
"institution_count": 1,
|
"pe_on_mean": "79.93733621967414264259835528",
|
"profit_max": "517635777.5376553",
|
"profit_mean": "517635777.5376553",
|
"profit_median": "517635777.5376553",
|
"profit_min": "517635777.5376553"
|
},
|
"2028": {
|
"eps_mean": "1.8282",
|
"eps_profit_reconciliation_gap": "0.0",
|
"institution_count": 1,
|
"pe_on_mean": "54.82441745979652116836232360",
|
"profit_max": "754744457.0424",
|
"profit_mean": "754744457.0424",
|
"profit_median": "754744457.0424",
|
"profit_min": "754744457.0424"
|
}
|
}
|
},
|
"meta": {
|
"as_of_date": "2026-08-03",
|
"code": "688322.SH",
|
"company": "奥比中光",
|
"currency": "CNY",
|
"latest_operating_info_date": "2026-04-25",
|
"market": "上海证券交易所科创板",
|
"report_period_end": "2026-03-31"
|
},
|
"metrics": {
|
"annual_cash_conversion": "0.6467366692051705612025408326",
|
"annual_fcf": "19607730.75",
|
"book_value_per_share": "7.253295638967701971354483808",
|
"current_fcf": "-134657738.20",
|
"deduct_pe": "463.9134033778375111103304333",
|
"diluted_shares": "412834732.0",
|
"enterprise_value": "40692408853.120",
|
"market_cap": "41378425188.360",
|
"normalized_eps": "0.2160532531938228491879893478",
|
"normalized_pe": "463.9134033778375111103304333",
|
"normalized_profit": "89194286.88",
|
"pb": "13.81854607738901676347993347",
|
"price": "100.23",
|
"ps": "43.43857135388884031814657401",
|
"reported_pe": "307.4370704418207061036288907",
|
"ttm_attributable_profit": "134591528.37",
|
"ttm_deduct_profit": "89194286.88",
|
"ttm_eps": "0.3260179387474598430831638458",
|
"ttm_revenue": "952573344.35"
|
},
|
"normalization_adjustments": [
|
{
|
"amount": "-45397241.49",
|
"basis": "2025年报加2026年一季报减2025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": "2.0046",
|
"implied_margin": "0.8687714270777768063629314802",
|
"implied_profit": "827568503.7672",
|
"pe": "50"
|
},
|
{
|
"implied_eps": "1.6705",
|
"implied_margin": "0.7239761892314806719691095669",
|
"implied_profit": "689640419.806",
|
"pe": "60"
|
},
|
{
|
"implied_eps": "1.431857142857142857142857143",
|
"implied_margin": "0.6205510193412691474020939145",
|
"implied_profit": "591120359.8337142857142857143",
|
"pe": "70"
|
},
|
{
|
"implied_eps": "1.252875",
|
"implied_margin": "0.5429821419236105039768321751",
|
"implied_profit": "517230314.8545",
|
"pe": "80"
|
},
|
{
|
"implied_eps": "1.113666666666666666666666667",
|
"implied_margin": "0.4826507928209871146460730446",
|
"implied_profit": "459760279.8706666666666666667",
|
"pe": "90"
|
},
|
{
|
"implied_eps": "1.0023",
|
"implied_margin": "0.4343857135388884031814657401",
|
"implied_profit": "413784251.8836",
|
"pe": "100"
|
},
|
{
|
"implied_eps": "0.83525",
|
"implied_margin": "0.3619880946157403359845547834",
|
"implied_profit": "344820209.903",
|
"pe": "120"
|
}
|
],
|
"scenarios": [
|
{
|
"assumption": "3D视觉需求增长慢、研发和销售投入侵蚀利润，扣非利润维持当前量级。",
|
"cagr_high": "-0.29512564904628313",
|
"cagr_low": "-0.40065732195395154",
|
"equity_value_high": "7200000000",
|
"equity_value_low": "3200000000",
|
"method": "pe",
|
"name": "悲观",
|
"price_high": "17.44039307235419329980211064",
|
"price_low": "7.751285809935197022134271397",
|
"role": "pessimistic",
|
"upside_to_high": "-0.8259962778374319734630139615",
|
"upside_to_low": "-0.9226650123721919882057839829"
|
},
|
{
|
"assumption": "机器人和AI视觉业务增长，利润接近7家机构2026年一致预期约3.1亿元。",
|
"cagr_high": "-0.08595833280415344",
|
"cagr_low": "-0.18367431725570005",
|
"equity_value_high": "26400000000",
|
"equity_value_low": "15000000000",
|
"method": "pe",
|
"name": "基准",
|
"price_high": "63.94810793196537543260773902",
|
"price_low": "36.33415223407123604125439717",
|
"role": "base",
|
"upside_to_high": "-0.3619863520705839026977178587",
|
"upside_to_low": "-0.6374922454946499447146124197"
|
},
|
{
|
"assumption": "机器人之眼、AI视觉和工业三维测量放量，利润提前接近2027至2028年预测。",
|
"cagr_high": "0.13225266991731477",
|
"cagr_low": "-0.006753126493484141",
|
"equity_value_high": "77000000000",
|
"equity_value_low": "40000000000",
|
"method": "pe",
|
"name": "乐观",
|
"price_high": "186.5153148015656783451059055",
|
"price_low": "96.89107262418996277667839246",
|
"role": "optimistic",
|
"upside_to_high": "0.860873139794130283798322912",
|
"upside_to_low": "-0.0333126546523998525722997859"
|
}
|
]
|
}
|
