{
|
"conclusion": {
|
"base_midpoint": "52.2910384608094278013501600",
|
"price_label": "当前价格高于乐观情景上限",
|
"price_position": "ABOVE_OPTIMISTIC_RANGE",
|
"safety_margin_to_base_midpoint": "-5.234337844415296273037925644"
|
},
|
"engine_version": "1.0.0",
|
"holding_period": {
|
"cumulative_dividend_per_share": "0",
|
"required_exit_price": "525.026260",
|
"required_profit_by_exit_pe": [
|
{
|
"exit_pe": "20",
|
"required_profit": "4812656493.7041250"
|
},
|
{
|
"exit_pe": "25",
|
"required_profit": "3850125194.9633000"
|
},
|
{
|
"exit_pe": "30",
|
"required_profit": "3208437662.469416666666666667"
|
},
|
{
|
"exit_pe": "35",
|
"required_profit": "2750089424.973785714285714286"
|
},
|
{
|
"exit_pe": "40",
|
"required_profit": "2406328246.8520625"
|
},
|
{
|
"exit_pe": "50",
|
"required_profit": "1925062597.4816500"
|
},
|
{
|
"exit_pe": "60",
|
"required_profit": "1604218831.234708333333333333"
|
},
|
{
|
"exit_pe": "75",
|
"required_profit": "1283375064.987766666666666667"
|
},
|
{
|
"exit_pe": "100",
|
"required_profit": "962531298.7408250"
|
}
|
],
|
"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": "1.056384615385",
|
"profit": "193667123.58660898"
|
},
|
"2027": {
|
"eps": "1.541615384615",
|
"profit": "282624541.16339105"
|
},
|
"2028": {
|
"eps": "2.139692307692",
|
"profit": "392270058.23071283"
|
}
|
},
|
"included": true,
|
"institution": "东方财富公开一致预期汇总（覆盖池12家）",
|
"report_date": "2026-08-04",
|
"source_id": "SRC-EM-CONSENSUS-20260804",
|
"statuses": [
|
"CURRENT"
|
]
|
}
|
],
|
"summary": {
|
"2026": {
|
"eps_mean": "1.056384615385",
|
"eps_profit_reconciliation_gap": "0.00000000000000003549905566148124773586511107",
|
"institution_count": 1,
|
"pe_on_mean": "308.5997232941423469699651493",
|
"profit_max": "193667123.58660898",
|
"profit_mean": "193667123.58660898",
|
"profit_median": "193667123.58660898",
|
"profit_min": "193667123.58660898"
|
},
|
"2027": {
|
"eps_mean": "1.541615384615",
|
"eps_profit_reconciliation_gap": "0.00000000000000008182233540232786333003360089",
|
"institution_count": 1,
|
"pe_on_mean": "211.4664936879924647325673633",
|
"profit_max": "282624541.16339105",
|
"profit_mean": "282624541.16339105",
|
"profit_median": "282624541.16339105",
|
"profit_min": "282624541.16339105"
|
},
|
"2028": {
|
"eps_mean": "2.139692307692",
|
"eps_profit_reconciliation_gap": "0.00000000000000002166874534941115092166431560",
|
"institution_count": 1,
|
"pe_on_mean": "152.3583549036744802123767582",
|
"profit_max": "392270058.23071283",
|
"profit_mean": "392270058.23071283",
|
"profit_median": "392270058.23071283",
|
"profit_min": "392270058.23071283"
|
}
|
}
|
},
|
"meta": {
|
"as_of_date": "2026-08-04",
|
"code": "688017.SH",
|
"company": "绿的谐波",
|
"currency": "CNY",
|
"latest_operating_info_date": "2026-04-23",
|
"market": "上海证券交易所",
|
"report_period_end": "2026-03-31"
|
},
|
"metrics": {
|
"annual_cash_conversion": "1.222219374162121051662599365",
|
"annual_fcf": "52258760.84",
|
"book_value_per_share": "19.46665610220906138584697959",
|
"current_fcf": "-50938911.55",
|
"deduct_pe": "562.1950880855098906192547406",
|
"diluted_shares": "183330125.0",
|
"enterprise_value": "58308455703.49000000003",
|
"market_cap": "59765620750.00",
|
"normalized_eps": "0.5798698830865903244215864687",
|
"normalized_pe": "562.1950880855099435030553439",
|
"normalized_profit": "106307618.14999999",
|
"pb": "16.74658443074903691287822569",
|
"price": "326.0",
|
"ps": "97.52526280468230727517168049",
|
"reported_pe": "437.0345290486871302987249937",
|
"ttm_attributable_profit": "136752628.86",
|
"ttm_deduct_profit": "106307618.15",
|
"ttm_eps": "0.7459364840339251391444804830",
|
"ttm_revenue": "612821939.99"
|
},
|
"normalization_adjustments": [
|
{
|
"amount": "-30445010.71000001",
|
"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": "16.3",
|
"implied_margin": "4.876263140234115363758584025",
|
"implied_profit": "2988281037.50",
|
"pe": "20"
|
},
|
{
|
"implied_eps": "13.04",
|
"implied_margin": "3.901010512187292291006867220",
|
"implied_profit": "2390624830.00",
|
"pe": "25"
|
},
|
{
|
"implied_eps": "10.86666666666666666666666667",
|
"implied_margin": "3.250842093489410242505722683",
|
"implied_profit": "1992187358.333333333333333333",
|
"pe": "30"
|
},
|
{
|
"implied_eps": "9.314285714285714285714285714",
|
"implied_margin": "2.786436080133780207862048014",
|
"implied_profit": "1707589164.285714285714285714",
|
"pe": "35"
|
},
|
{
|
"implied_eps": "8.15",
|
"implied_margin": "2.438131570117057681879292012",
|
"implied_profit": "1494140518.75",
|
"pe": "40"
|
},
|
{
|
"implied_eps": "6.52",
|
"implied_margin": "1.950505256093646145503433610",
|
"implied_profit": "1195312415.00",
|
"pe": "50"
|
},
|
{
|
"implied_eps": "5.433333333333333333333333333",
|
"implied_margin": "1.625421046744705121252861342",
|
"implied_profit": "996093679.1666666666666666667",
|
"pe": "60"
|
},
|
{
|
"implied_eps": "4.346666666666666666666666667",
|
"implied_margin": "1.300336837395764097002289073",
|
"implied_profit": "796874943.3333333333333333333",
|
"pe": "75"
|
},
|
{
|
"implied_eps": "3.26",
|
"implied_margin": "0.9752526280468230727517168049",
|
"implied_profit": "597656207.50",
|
"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": "-0.39266413310175263",
|
"cagr_low": "-0.48435430293429627",
|
"equity_value_high": "4938511651.60",
|
"equity_value_low": "2178755140.25",
|
"method": "pe",
|
"name": "悲观",
|
"price_high": "26.93780769308917451509946879",
|
"price_low": "11.88432692253932625639130503",
|
"role": "pessimistic",
|
"upside_to_high": "-0.9173686880580086671315967215",
|
"upside_to_low": "-0.9635450094400634163914377146"
|
},
|
{
|
"assumption": "以TTM归一化利润与12家机构覆盖池预期为锚，按行业成长和周期属性定价。",
|
"cagr_high": "-0.2588762827276798",
|
"cagr_low": "-0.3725990897033603",
|
"equity_value_high": "13363031527.20",
|
"equity_value_low": "5810013707.60",
|
"method": "pe",
|
"name": "基准",
|
"price_high": "72.89053846005941467612046847",
|
"price_low": "31.69153846155944092657985151",
|
"role": "base",
|
"upside_to_high": "-0.7764093912268116114229433483",
|
"upside_to_low": "-0.9027866918357072364215341978"
|
},
|
{
|
"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": "-0.15009603782827197",
|
"cagr_low": "-0.24461344831895138",
|
"equity_value_high": "26503345862.45",
|
"equity_value_low": "14699334680.40",
|
"method": "pe",
|
"name": "乐观",
|
"price_high": "144.5662346133784613958016993",
|
"price_low": "80.17959230868358378089798390",
|
"role": "optimistic",
|
"upside_to_high": "-0.5565452925969985846754549101",
|
"upside_to_low": "-0.7540503303414613994450982089"
|
}
|
]
|
}
|
