{
|
"conclusion": {
|
"base_midpoint": "31.04",
|
"price_label": "当前价格处于基准合理区间",
|
"price_position": "WITHIN_BASE_RANGE",
|
"safety_margin_to_base_midpoint": "0.2177835051546391752577319588"
|
},
|
"engine_version": "1.0.0",
|
"holding_period": {
|
"cumulative_dividend_per_share": "0",
|
"required_exit_price": "39.1031828",
|
"required_profit_by_exit_pe": [
|
{
|
"exit_pe": "20",
|
"required_profit": "1023690043.15776000"
|
},
|
{
|
"exit_pe": "25",
|
"required_profit": "818952034.52620800"
|
},
|
{
|
"exit_pe": "30",
|
"required_profit": "682460028.77184000"
|
},
|
{
|
"exit_pe": "35",
|
"required_profit": "584965738.9472914285714285714"
|
},
|
{
|
"exit_pe": "40",
|
"required_profit": "511845021.57888000"
|
},
|
{
|
"exit_pe": "50",
|
"required_profit": "409476017.26310400"
|
},
|
{
|
"exit_pe": "60",
|
"required_profit": "341230014.38592000"
|
},
|
{
|
"exit_pe": "75",
|
"required_profit": "272984011.50873600"
|
},
|
{
|
"exit_pe": "100",
|
"required_profit": "204738008.63155200"
|
}
|
],
|
"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": "0.853333333333",
|
"profit": "446791679.9998255"
|
},
|
"2027": {
|
"eps": "1.0",
|
"profit": "523584000.0"
|
},
|
"2028": {
|
"eps": "1.186666666667",
|
"profit": "621319680.0001745"
|
}
|
},
|
"included": true,
|
"institution": "东方财富公开一致预期汇总（覆盖池6家）",
|
"report_date": "2026-08-04",
|
"source_id": "SRC-EM-CONSENSUS-20260804",
|
"statuses": [
|
"CURRENT"
|
]
|
}
|
],
|
"summary": {
|
"2026": {
|
"eps_mean": "0.853333333333",
|
"eps_profit_reconciliation_gap": "0.00000000000000006266902731942308268870906309",
|
"institution_count": 1,
|
"pe_on_mean": "28.45312500001111271882346139",
|
"profit_max": "446791679.9998255",
|
"profit_mean": "446791679.9998255",
|
"profit_median": "446791679.9998255",
|
"profit_min": "446791679.9998255"
|
},
|
"2027": {
|
"eps_mean": "1.0",
|
"eps_profit_reconciliation_gap": "0.0",
|
"institution_count": 1,
|
"pe_on_mean": "24.28",
|
"profit_max": "523584000.0",
|
"profit_mean": "523584000.0",
|
"profit_median": "523584000.0",
|
"profit_min": "523584000.0"
|
},
|
"2028": {
|
"eps_mean": "1.186666666667",
|
"eps_profit_reconciliation_gap": "0.00000000000000004506536796000431869998223659",
|
"institution_count": 1,
|
"pe_on_mean": "20.46067415729762432820340016",
|
"profit_max": "621319680.0001745",
|
"profit_mean": "621319680.0001745",
|
"profit_median": "621319680.0001745",
|
"profit_min": "621319680.0001745"
|
}
|
}
|
},
|
"meta": {
|
"as_of_date": "2026-08-04",
|
"code": "300357.SZ",
|
"company": "我武生物",
|
"currency": "CNY",
|
"latest_operating_info_date": "2026-04-24",
|
"market": "深圳证券交易所",
|
"report_period_end": "2026-03-31"
|
},
|
"metrics": {
|
"annual_cash_conversion": "1.110922069315299758958983741",
|
"annual_fcf": "303847930.92",
|
"book_value_per_share": "5.230637891914191419141914191",
|
"current_fcf": "35682231.97",
|
"deduct_pe": "32.60256957781099531852429473",
|
"diluted_shares": "523584000.0",
|
"enterprise_value": "11495543313.440",
|
"market_cap": "12712619520.000",
|
"normalized_eps": "0.7447265756784011352524141303",
|
"normalized_pe": "32.60256957781099699076429437",
|
"normalized_profit": "389926919.39999998",
|
"pb": "4.641881258408914773199485412",
|
"price": "24.28",
|
"ps": "11.69757807003809971911861565",
|
"reported_pe": "29.85366819181911915404784491",
|
"ttm_attributable_profit": "425831071.69",
|
"ttm_deduct_profit": "389926919.40",
|
"ttm_eps": "0.8133003905581530375259748197",
|
"ttm_revenue": "1086773641.85"
|
},
|
"normalization_adjustments": [
|
{
|
"amount": "-35904152.29000002",
|
"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": "1.214",
|
"implied_margin": "0.5848789035019049859559307824",
|
"implied_profit": "635630976.000",
|
"pe": "20"
|
},
|
{
|
"implied_eps": "0.9712",
|
"implied_margin": "0.4679031228015239887647446259",
|
"implied_profit": "508504780.800",
|
"pe": "25"
|
},
|
{
|
"implied_eps": "0.8093333333333333333333333333",
|
"implied_margin": "0.3899192690012699906372871883",
|
"implied_profit": "423753984.000",
|
"pe": "30"
|
},
|
{
|
"implied_eps": "0.6937142857142857142857142857",
|
"implied_margin": "0.3342165162868028491176747328",
|
"implied_profit": "363217700.5714285714285714286",
|
"pe": "35"
|
},
|
{
|
"implied_eps": "0.607",
|
"implied_margin": "0.2924394517509524929779653912",
|
"implied_profit": "317815488.000",
|
"pe": "40"
|
},
|
{
|
"implied_eps": "0.4856",
|
"implied_margin": "0.2339515614007619943823723130",
|
"implied_profit": "254252390.400",
|
"pe": "50"
|
},
|
{
|
"implied_eps": "0.4046666666666666666666666667",
|
"implied_margin": "0.1949596345006349953186435941",
|
"implied_profit": "211876992.000",
|
"pe": "60"
|
},
|
{
|
"implied_eps": "0.3237333333333333333333333333",
|
"implied_margin": "0.1559677076005079962549148753",
|
"implied_profit": "169501593.600",
|
"pe": "75"
|
},
|
{
|
"implied_eps": "0.2428",
|
"implied_margin": "0.1169757807003809971911861565",
|
"implied_profit": "127126195.200",
|
"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": "-0.08903508731490584",
|
"cagr_low": "-0.2221945006836551",
|
"equity_value_high": "7975231488.0",
|
"equity_value_low": "3619012608.0",
|
"method": "pe",
|
"name": "悲观",
|
"price_high": "15.232",
|
"price_low": "6.912",
|
"role": "pessimistic",
|
"upside_to_high": "-0.3726523887973640856672158155",
|
"upside_to_low": "-0.7153212520593080724876441516"
|
},
|
{
|
"assumption": "以TTM归一化利润与6家机构覆盖池预期为锚，按行业成长和周期属性定价。",
|
"cagr_high": "0.12708345980444724",
|
"cagr_low": "-0.05893880697495035",
|
"equity_value_high": "23121469440.0",
|
"equity_value_low": "9382625280.0",
|
"method": "pe",
|
"name": "基准",
|
"price_high": "44.16",
|
"price_low": "17.92",
|
"role": "base",
|
"upside_to_high": "0.818780889621087314662273476",
|
"upside_to_low": "-0.2619439868204283360790774300"
|
},
|
{
|
"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": "0.29754327811661785",
|
"cagr_low": "0.14877404178394737",
|
"equity_value_high": "46756749312.0",
|
"equity_value_low": "25433616384.0",
|
"method": "pe",
|
"name": "乐观",
|
"price_high": "89.30133333333333333333333333",
|
"price_low": "48.576",
|
"role": "optimistic",
|
"upside_to_high": "2.677979132344865458539264140",
|
"upside_to_low": "1.000658978583196046128500824"
|
}
|
]
|
}
|
