{
|
"batch_id": "BATCH-STOCK-VALUATION-CURRENT-RESEARCH-20260820-001",
|
"ticker": "600331.SH",
|
"company": "宏达股份",
|
"as_of": "2026-08-19",
|
"v2_status": "BLOCKED",
|
"v2_failure": {
|
"complete": false,
|
"error": "ValueError: E_HISTORICAL_SHARES_UNPROVEN：quote f124 缺失或为 0",
|
"error_code": "E_CORE_INPUT",
|
"error_type": "CoreInputError",
|
"recorded_at": "2026-08-20T15:18:50.691+08:00",
|
"rollback_errors": [],
|
"run_id": "1c0c868d162d47d89f8c890c08ff1e03",
|
"schema_version": 2,
|
"status": "BLOCKED"
|
},
|
"v2_runtime_package": "v2_600331_SH.failed-1c0c868d162d47d89f8c890c08ff1e03",
|
"v2_raw_artifact_hashes": [
|
"1bd7ea44f3e9d968413970271da8b5dcaf3c3db43b3f4b31cc2d5e169232f56e",
|
"1e5fa76c0da59139f1ce5b30cc6593853f30fd798e894621cf34b9ebeace1bb0",
|
"41826f9f5b234681007ddc2ca6e24e7392c604b287365da622a26c3d5e69965b",
|
"96ab86baa9599736d0994ece510f5e41fd9fddee482d8c3160a4e3a2f65c0707",
|
"a31895b8233b190b200a59e8e4813751bb110df2fbfcbba941b1a4521910e2e5",
|
"a8e6c4461399349d7046596f81c6741108ce063a3221e2cd8ea21b28d1fd1ecc",
|
"af87235178d6de0ce20967801b6d02f50bf1a5ead1ab7147eaa1843b31ca7d5d",
|
"ec88e1b5688ac521fa0a4d853a71ac722047bb8f2ffc7db1bfc66cf79a893e7f",
|
"f55f8c0f5c0830972de5d53591b568c1248b3cec2f28a3ddcd312dcd906a8318",
|
"fadd4a8f6d9a2eff30bb4fdf9998dbdbc537482bf70034dc9c6637a1dc093f1a"
|
],
|
"market_contract": {
|
"table": "trading_xuntou.cn_stock_kline_1d_front",
|
"source": "xtquant",
|
"source_batch_id": "FKL_20260819_161003_75ac38b0_1d_20260819_00011",
|
"updated_at": "2026-08-19 16:27:38",
|
"trade_date": "2026-08-19"
|
},
|
"quote_raw_hash": "ec88e1b5688ac521fa0a4d853a71ac722047bb8f2ffc7db1bfc66cf79a893e7f",
|
"share_proof": {
|
"shares": 2641600000.0,
|
"shares_fallback": false,
|
"shares_fallback_source": "eastmoney.market:f84",
|
"report_shares": 2641600000.0,
|
"share_unit_correction": null,
|
"static_total_shares": 2641600000.0,
|
"match_report": true,
|
"quote_market_cap": 33521904000.0,
|
"price_times_shares": 32518096000.0,
|
"gap_rate": 0.030869212022745736
|
},
|
"industry_membership": {
|
"industries": [
|
"农业"
|
],
|
"layers": [
|
"FERTILIZER:D_NO_FERTILIZER_EXPORT_DISCLOSURE"
|
],
|
"research_name": "宏达股份"
|
},
|
"bounded_gaps": [
|
"V2 quote f124=0，端到端流程诚实阻断；正式估值用当前总股本/市值勾稽，股本历史日期无A1完全匹配时显式保留缺口。",
|
"机构汇总缺逐家报告日期与明细，不把一致预期写成法定事实。"
|
],
|
"checks": {
|
"v1_qa": {
|
"error_count": 0,
|
"info_count": 0,
|
"issues": [
|
{
|
"action": "使用正常化情景、PB 或反向估值。",
|
"field": "metrics.ttm_attributable_profit",
|
"issue_id": "QA-NEGATIVE-TTM-PROFIT",
|
"message": "TTM 归母利润不为正，报告 PE 不适用。",
|
"recalc_scope": "PE 模块",
|
"severity": "WARNING"
|
},
|
{
|
"action": "检查主营盈利恢复条件。",
|
"field": "metrics.ttm_deduct_profit",
|
"issue_id": "QA-NEGATIVE-TTM-DEDUCT",
|
"message": "TTM 扣非利润不为正，扣非 PE 不适用。",
|
"recalc_scope": "扣非 PE 模块",
|
"severity": "WARNING"
|
},
|
{
|
"action": "拆解营运资本、资本开支与回款持续性。",
|
"field": "metrics.annual_fcf",
|
"issue_id": "QA-NEGATIVE-FCF",
|
"message": "最近完整年度简化自由现金流为负。",
|
"recalc_scope": "DCF 与现金流交叉验证",
|
"severity": "WARNING"
|
}
|
],
|
"status": "PASS_WITH_WARNINGS",
|
"warning_count": 3
|
},
|
"label": "明显偏贵",
|
"base_low": 0.13728,
|
"base_high": 0.33984,
|
"optimistic_high": 0.6774143999999999,
|
"price": 12.31,
|
"bubble_status": "泡沫-极端"
|
}
|
}
|
