{
|
"conclusion": {
|
"base_midpoint": "63.46999999998613983009541215",
|
"price_label": "当前价格处于基准合理区间",
|
"price_position": "WITHIN_BASE_RANGE",
|
"safety_margin_to_base_midpoint": "0.2245155191427328131926413608"
|
},
|
"engine_version": "1.0.0",
|
"holding_period": {
|
"cumulative_dividend_per_share": "0",
|
"required_exit_price": "79.2693022",
|
"required_profit_by_exit_pe": [
|
{
|
"exit_pe": "20",
|
"required_profit": "2859607881.63791147"
|
},
|
{
|
"exit_pe": "25",
|
"required_profit": "2287686305.310329176"
|
},
|
{
|
"exit_pe": "30",
|
"required_profit": "1906405254.425274313333333333"
|
},
|
{
|
"exit_pe": "35",
|
"required_profit": "1634061646.650235125714285714"
|
},
|
{
|
"exit_pe": "40",
|
"required_profit": "1429803940.818955735"
|
},
|
{
|
"exit_pe": "50",
|
"required_profit": "1143843152.655164588"
|
},
|
{
|
"exit_pe": "60",
|
"required_profit": "953202627.2126371566666666667"
|
},
|
{
|
"exit_pe": "75",
|
"required_profit": "762562101.7701097253333333333"
|
},
|
{
|
"exit_pe": "100",
|
"required_profit": "571921576.327582294"
|
}
|
],
|
"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": "3.966875",
|
"profit": "2862068089.574375"
|
},
|
"2027": {
|
"eps": "6.044375",
|
"profit": "4360967464.041875"
|
},
|
"2028": {
|
"eps": "7.637142857143",
|
"profit": "5510136534.917246"
|
}
|
},
|
"included": true,
|
"institution": "东方财富公开一致预期汇总（覆盖池16家）",
|
"report_date": "2026-08-04",
|
"source_id": "SRC-EM-CONSENSUS-20260804",
|
"statuses": [
|
"CURRENT"
|
]
|
}
|
],
|
"summary": {
|
"2026": {
|
"eps_mean": "3.966875",
|
"eps_profit_reconciliation_gap": "0.0",
|
"institution_count": 1,
|
"pe_on_mean": "12.40775169371356546399873956",
|
"profit_max": "2862068089.574375",
|
"profit_mean": "2862068089.574375",
|
"profit_median": "2862068089.574375",
|
"profit_min": "2862068089.574375"
|
},
|
"2027": {
|
"eps_mean": "6.044375",
|
"eps_profit_reconciliation_gap": "0.0",
|
"institution_count": 1,
|
"pe_on_mean": "8.143108261813669734257057181",
|
"profit_max": "4360967464.041875",
|
"profit_mean": "4360967464.041875",
|
"profit_median": "4360967464.041875",
|
"profit_min": "4360967464.041875"
|
},
|
"2028": {
|
"eps_mean": "7.637142857143",
|
"eps_profit_reconciliation_gap": "0.00000000000000001317372074902499273311832993",
|
"institution_count": 1,
|
"pe_on_mean": "6.444818555929546401843814508",
|
"profit_max": "5510136534.917246",
|
"profit_mean": "5510136534.917246",
|
"profit_median": "5510136534.917246",
|
"profit_min": "5510136534.917246"
|
}
|
}
|
},
|
"meta": {
|
"as_of_date": "2026-08-04",
|
"code": "002738.SZ",
|
"company": "中矿资源",
|
"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": "3.500053709403074724382690340",
|
"annual_fcf": "403969032.72",
|
"book_value_per_share": "17.68156300996026321166745443",
|
"current_fcf": "-422191025.22",
|
"deduct_pe": "41.59429864893476913204198392",
|
"diluted_shares": "721491877.0",
|
"enterprise_value": "34268929278.200",
|
"market_cap": "35511830185.940",
|
"normalized_eps": "1.183335255041270619876985808",
|
"normalized_pe": "41.59429864893476659867620429",
|
"normalized_profit": "853766774.280000052",
|
"pb": "2.783690557914688274070356727",
|
"price": "49.22",
|
"ps": "5.561952178657083358429485657",
|
"reported_pe": "42.75709427383054800656501758",
|
"ttm_attributable_profit": "830548258.46",
|
"ttm_deduct_profit": "853766774.28",
|
"ttm_eps": "1.151153997621514455387278047",
|
"ttm_revenue": "6384778050.09"
|
},
|
"normalization_adjustments": [
|
{
|
"amount": "23218515.820000052",
|
"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": "2.461",
|
"implied_margin": "0.2780976089328541679214742829",
|
"implied_profit": "1775591509.297",
|
"pe": "20"
|
},
|
{
|
"implied_eps": "1.9688",
|
"implied_margin": "0.2224780871462833343371794263",
|
"implied_profit": "1420473207.4376",
|
"pe": "25"
|
},
|
{
|
"implied_eps": "1.640666666666666666666666667",
|
"implied_margin": "0.1853984059552361119476495220",
|
"implied_profit": "1183727672.864666666666666667",
|
"pe": "30"
|
},
|
{
|
"implied_eps": "1.406285714285714285714285714",
|
"implied_margin": "0.1589129193902023816694138760",
|
"implied_profit": "1014623719.598285714285714286",
|
"pe": "35"
|
},
|
{
|
"implied_eps": "1.2305",
|
"implied_margin": "0.1390488044664270839607371414",
|
"implied_profit": "887795754.6485",
|
"pe": "40"
|
},
|
{
|
"implied_eps": "0.9844",
|
"implied_margin": "0.1112390435731416671685897131",
|
"implied_profit": "710236603.7188",
|
"pe": "50"
|
},
|
{
|
"implied_eps": "0.8203333333333333333333333333",
|
"implied_margin": "0.09269920297761805597382476095",
|
"implied_profit": "591863836.4323333333333333333",
|
"pe": "60"
|
},
|
{
|
"implied_eps": "0.6562666666666666666666666667",
|
"implied_margin": "0.07415936238209444477905980877",
|
"implied_profit": "473491069.1458666666666666667",
|
"pe": "75"
|
},
|
{
|
"implied_eps": "0.4922",
|
"implied_margin": "0.05561952178657083358429485657",
|
"implied_profit": "355118301.8594",
|
"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": "-0.07754308768404794",
|
"cagr_low": "-0.2192322227956689",
|
"equity_value_high": "23719389292.3",
|
"equity_value_low": "10303445122.48",
|
"method": "pe",
|
"name": "悲观",
|
"price_high": "32.87547656243398011257166240",
|
"price_low": "14.28075000001697870813312012",
|
"role": "pessimistic",
|
"upside_to_high": "-0.3320707728071113345678248192",
|
"upside_to_low": "-0.7098587972365506154381730979"
|
},
|
{
|
"assumption": "以TTM归一化利润与16家机构覆盖池预期为锚，按行业成长和周期属性定价。",
|
"cagr_high": "0.13137596533904516",
|
"cagr_low": "-0.06220074553479882",
|
"equity_value_high": "65827566060.20",
|
"equity_value_low": "25758612806.16",
|
"method": "pe",
|
"name": "基准",
|
"price_high": "91.23812499998527356947637541",
|
"price_low": "35.70187499998700609071444889",
|
"role": "base",
|
"upside_to_high": "0.853679906541756878697203889",
|
"upside_to_low": "-0.2746469930925029237969433383"
|
},
|
{
|
"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": "0.29436917777136173",
|
"cagr_low": "0.12910410771148095",
|
"equity_value_high": "129022029477.88",
|
"equity_value_low": "65169290399.58",
|
"method": "pe",
|
"name": "乐观",
|
"price_high": "178.8267249998159022932423119",
|
"price_low": "90.32574374996047252795335352",
|
"role": "optimistic",
|
"upside_to_high": "2.633212616818689603682289961",
|
"upside_to_low": "0.835143107475832436569552083"
|
}
|
]
|
}
|
