{"F": {"ts_code": "300428.SZ", "name": "立中集团", "mkt": "CN", "ccy": "元", "sw1": "汽车", "sw2": "汽车零部件", "sw3": "轮胎轮毂", "ind": "汽车零部件", "fin_source": "tushare", "market": "创业板", "list_date": "20150319", "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": true, "growth": true}, "province": null, "main_business": "", "introduction": "", "close": 20.05, "pe_ttm": 12.9471, "pb": 1.5029, "dv_ttm": 1.9451, "total_mv": 1374591.108, "trade_date": "20260904", "years": ["20201231", "20211231", "20221231", "20231231", "20241231", "20251231"], "multi_year": true, "gm_series": [10.7, 9.3, 9.5, 10.5, 9.6, 9.6], "rev_series": [133.9, 186.3, 213.7, 233.6, 272.5, 321.2], "np_series": [4.3, 4.5, 4.9, 6.1, 7.1, 8.9], "roe_series": [10.8, 9.7, 9.1, 9.8, 10.2, 10.9], "period": "20260630", "rev_ttm": 365.0, "np_ttm": 10.6, "ocf_ttm": -0.6, "fcf_ttm": -11.7, "fcf_yield": -8.5, "ocf_yield": -0.5, "gm_median": 9.6, "gm_std": 0.4, "gm_stab": 0.96, "gm_chg_2022": -1.1, "npm_median": 2.6, "roe_median": 9.8, "commodity": false, "hard_ratio": 20.1, "fix_assets": 53.9, "goodwill_ratio": 0.1, "pb_calc": 1.5, "capex_dep": 1.8, "interest_debt": 134.1, "debt_ebitda": 6.1, "debt_ratio": 65.0, "debt_mv": 97.6, "payout": 28.1, "div_years": 5, "rev_cagr3": 14.6, "np_cagr3": 21.6, "rev_yoy": 30.3, "np_yoy": 43.8, "np_vol": 8.0, "loss_years": 0, "far_share": 61.0, "earn_yield": 7.7, "consensus_n": 6, "fwd_pe": 12.1, "fwd_pe2": 10.1, "fwd_g1": 7.0, "fwd_g2": 20.0, "peg": 0.6, "consensus_disp": null, "mainbz": [["产品", 49.0], ["铸造铝合金", 28.0], ["铝合金车轮", 16.0], ["中间合金", 4.0]], "ret_prev_year": 47.4, "ret_prev2_year": -23.2, "ret_ytd": -12.7, "ret_pivot": 55.4, "prev_year": "2025", "prev2_year": "2024", "ret_20": 5.4, "ret_60": 12.1, "ret_120": -15.7, "ret_250": 2.3, "mdd_250": -35.4, "vol_250": 45.4, "pos_52w": 78.5}, "S": {"duration": 28, "pricing": 45, "hard": 32, "bondness": 42}, "label": "中性", "tags": ["PEG<0.8"], "text": {"像什么": ["PE 12.9 倍、股息率 1.9%、毛利率近 5 年中位 9.6%、固定资产占比 20%、有息负债/EBITDA 6.1 倍:四轴都不突出。"], "为什么(不)算钱的替代品": "两条都不占:固定资产占比 20%,毛利率近 5 年中位 9.6%。", "加息期怎么走": "按行业与估值常规看,没有明确的利率方向性。", "四问": [["当前 FCF 能覆盖多少市值?", "自由现金流/市值 -8.5%(经营现金流/市值 -0.5%)。极低或为负。"], ["能否每年提价而不掉量?", "毛利率近 5 年中位 9.6%,稳定度 96%,2020→2022 成本通胀期毛利率变化 -1.1 个百分点。不能。"], ["资产重置成本随通胀涨吗?", "固定资产 + 在建占总资产 20%,资本开支/折旧 1.80 倍。有一些。"], ["估值里多少来自 5 年后的故事?", "按 PE 12.9 倍 粗算,约 61%(1 − 5/PE)。中等。"]], "价格行为": "近一年 2%,最大回撤 -35%,年化波动 45%,现价在 52 周高点的 78%;近 20 / 60 / 120 日 5% / 12% / -16%。", "行业对照": ["同申万二级「汽车零部件」274 家中位:PE 30.2 / 股息率 1.1% / 毛利率 21.4% / 固定资产占比 26% / 分红率 35%。", "立中集团:PE 比行业中位低 17.3倍;股息率 比行业中位高 0.8个百分点;毛利率 比行业中位低 11.8个百分点;固定资产占比 比行业中位低 5.4个百分点。"]}}