{
|
"conclusion": {
|
"base_midpoint": "10.81784285711580290177722067",
|
"price_label": "当前价格处于基准合理区间",
|
"price_position": "WITHIN_BASE_RANGE",
|
"safety_margin_to_base_midpoint": "0.08761847159688838771944235545"
|
},
|
"engine_version": "1.0.0",
|
"holding_period": {
|
"cumulative_dividend_per_share": "0",
|
"required_exit_price": "15.8957337",
|
"required_profit_by_exit_pe": [
|
{
|
"exit_pe": "20",
|
"required_profit": "1707673649.133937485"
|
},
|
{
|
"exit_pe": "25",
|
"required_profit": "1366138919.307149988"
|
},
|
{
|
"exit_pe": "30",
|
"required_profit": "1138449099.42262499"
|
},
|
{
|
"exit_pe": "35",
|
"required_profit": "975813513.79082142"
|
},
|
{
|
"exit_pe": "40",
|
"required_profit": "853836824.5669687425"
|
},
|
{
|
"exit_pe": "50",
|
"required_profit": "683069459.653574994"
|
},
|
{
|
"exit_pe": "60",
|
"required_profit": "569224549.711312495"
|
},
|
{
|
"exit_pe": "75",
|
"required_profit": "455379639.769049996"
|
},
|
{
|
"exit_pe": "100",
|
"required_profit": "341534729.826787497"
|
}
|
],
|
"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": "0.473428571429",
|
"profit": "1017205636.9772066"
|
},
|
"2027": {
|
"eps": "0.519",
|
"profit": "1115120120.4390001"
|
},
|
"2028": {
|
"eps": "0.57525",
|
"profit": "1235978514.99525"
|
}
|
},
|
"included": true,
|
"institution": "东方财富公开一致预期汇总（覆盖池7家）",
|
"report_date": "2026-08-04",
|
"source_id": "SRC-EM-CONSENSUS-20260804",
|
"statuses": [
|
"CURRENT"
|
]
|
}
|
],
|
"summary": {
|
"2026": {
|
"eps_mean": "0.473428571429",
|
"eps_profit_reconciliation_gap": "0.00000000000000005883864365700632933115726340",
|
"institution_count": 1,
|
"pe_on_mean": "20.84791792394008816568083569",
|
"profit_max": "1017205636.9772066",
|
"profit_mean": "1017205636.9772066",
|
"profit_median": "1017205636.9772066",
|
"profit_min": "1017205636.9772066"
|
},
|
"2027": {
|
"eps_mean": "0.519",
|
"eps_profit_reconciliation_gap": "0.00000000000000008967643769231967125248165649",
|
"institution_count": 1,
|
"pe_on_mean": "19.01734104046242604025734100",
|
"profit_max": "1115120120.4390001",
|
"profit_mean": "1115120120.4390001",
|
"profit_median": "1115120120.4390001",
|
"profit_min": "1115120120.4390001"
|
},
|
"2028": {
|
"eps_mean": "0.57525",
|
"eps_profit_reconciliation_gap": "0.0",
|
"institution_count": 1,
|
"pe_on_mean": "17.15775749674054758800521512",
|
"profit_max": "1235978514.99525",
|
"profit_mean": "1235978514.99525",
|
"profit_median": "1235978514.99525",
|
"profit_min": "1235978514.99525"
|
}
|
}
|
},
|
"meta": {
|
"as_of_date": "2026-08-04",
|
"code": "603730.SH",
|
"company": "岱美股份",
|
"currency": "CNY",
|
"latest_operating_info_date": "2026-04-30",
|
"market": "上海证券交易所",
|
"report_period_end": "2026-03-31"
|
},
|
"metrics": {
|
"annual_cash_conversion": "1.969656227118950046957339712",
|
"annual_fcf": "876894609.90",
|
"book_value_per_share": "2.338001188140886094321525653",
|
"current_fcf": "33144501.82",
|
"deduct_pe": "28.66034411353216077149126288",
|
"diluted_shares": "2148593681.0",
|
"enterprise_value": "21003454401.240",
|
"market_cap": "21206619631.470",
|
"normalized_eps": "0.3443782796501670945759427652",
|
"normalized_pe": "28.66034411353216425754328381",
|
"normalized_profit": "739928995.52999991",
|
"pb": "4.221554740888883432248985231",
|
"price": "9.87",
|
"ps": "3.330102643958689028374740543",
|
"reported_pe": "33.28202326194485724634361993",
|
"ttm_attributable_profit": "637179400.56",
|
"ttm_deduct_profit": "739928995.53",
|
"ttm_eps": "0.2965564900402404190073572128",
|
"ttm_revenue": "6368157951.51"
|
},
|
"normalization_adjustments": [
|
{
|
"amount": "102749594.96999991",
|
"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": "0.4935",
|
"implied_margin": "0.1665051321979344514187370271",
|
"implied_profit": "1060330981.5735",
|
"pe": "20"
|
},
|
{
|
"implied_eps": "0.3948",
|
"implied_margin": "0.1332041057583475611349896217",
|
"implied_profit": "848264785.2588",
|
"pe": "25"
|
},
|
{
|
"implied_eps": "0.329",
|
"implied_margin": "0.1110034214652896342791580181",
|
"implied_profit": "706887321.049",
|
"pe": "30"
|
},
|
{
|
"implied_eps": "0.282",
|
"implied_margin": "0.09514578982739111509642115837",
|
"implied_profit": "605903418.042",
|
"pe": "35"
|
},
|
{
|
"implied_eps": "0.24675",
|
"implied_margin": "0.08325256609896722570936851357",
|
"implied_profit": "530165490.78675",
|
"pe": "40"
|
},
|
{
|
"implied_eps": "0.1974",
|
"implied_margin": "0.06660205287917378056749481086",
|
"implied_profit": "424132392.6294",
|
"pe": "50"
|
},
|
{
|
"implied_eps": "0.1645",
|
"implied_margin": "0.05550171073264481713957900905",
|
"implied_profit": "353443660.5245",
|
"pe": "60"
|
},
|
{
|
"implied_eps": "0.1316",
|
"implied_margin": "0.04440136858611585371166320724",
|
"implied_profit": "282754928.4196",
|
"pe": "75"
|
},
|
{
|
"implied_eps": "0.0987",
|
"implied_margin": "0.03330102643958689028374740543",
|
"implied_profit": "212066196.3147",
|
"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": "-0.11256204107322032",
|
"cagr_low": "-0.23675105222929338",
|
"equity_value_high": "11672434684.26",
|
"equity_value_low": "5492910439.68",
|
"method": "pe",
|
"name": "悲观",
|
"price_high": "5.432592857122900567629473541",
|
"price_low": "2.556514285718035675447935007",
|
"role": "pessimistic",
|
"upside_to_high": "-0.4495853234931205098653015663",
|
"upside_to_low": "-0.7409813287013135080599863215"
|
},
|
{
|
"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": "0.09083392639397747",
|
"cagr_low": "-0.08324303962278823",
|
"equity_value_high": "32754021510.56",
|
"equity_value_low": "13732276099.14",
|
"method": "pe",
|
"name": "基准",
|
"price_high": "15.24439999996444185763199217",
|
"price_low": "6.391285714267163945922449169",
|
"role": "base",
|
"upside_to_high": "0.544518743664077189223099511",
|
"upside_to_low": "-0.3524533217561130753877964368"
|
},
|
{
|
"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": "0.2402503458388512",
|
"cagr_low": "0.11182689058150275",
|
"equity_value_high": "62232640870.14",
|
"equity_value_low": "36029423661.84",
|
"method": "pe",
|
"name": "乐观",
|
"price_high": "28.96435999996781150358414370",
|
"price_low": "16.76884000006514028279877455",
|
"role": "optimistic",
|
"upside_to_high": "1.934585612965330446158474539",
|
"upside_to_low": "0.698970618041047647699977158"
|
}
|
]
|
}
|
