{"F": {"ts_code": "601002.SH", "name": "晋亿实业", "mkt": "CN", "ccy": "元", "sw1": "机械设备", "sw2": "通用设备", "sw3": "金属制品", "ind": "通用设备", "fin_source": "tushare", "market": "主板", "list_date": "20070126", "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": true, "growth": true}, "province": null, "main_business": "", "introduction": "", "close": 5.4, "pe_ttm": 15.6249, "pb": 1.1685, "dv_ttm": 1.4704, "total_mv": 519291.378, "trade_date": "20260904", "years": ["20201231", "20211231", "20221231", "20231231", "20241231", "20251231"], "multi_year": true, "gm_series": [22.6, 20.8, 16.3, 12.2, 20.4, 25.3], "rev_series": [25.2, 28.7, 27.2, 23.1, 23.7, 23.4], "np_series": [5.0, 2.2, 1.1, -0.2, 1.3, 2.4], "roe_series": [15.1, 5.3, 2.7, -0.5, 3.1, 5.7], "period": "20260630", "rev_ttm": 23.9, "np_ttm": 3.3, "ocf_ttm": 5.3, "fcf_ttm": 4.7, "fcf_yield": 9.0, "ocf_yield": 10.3, "gm_median": 20.4, "gm_std": 4.4, "gm_stab": 0.78, "gm_chg_2022": -6.3, "npm_median": 5.5, "roe_median": 3.1, "commodity": false, "hard_ratio": 19.6, "fix_assets": 10.8, "goodwill_ratio": 0.1, "pb_calc": 1.17, "capex_dep": 0.44, "interest_debt": 0.0, "debt_ebitda": null, "debt_ratio": 19.6, "debt_mv": null, "payout": 51.7, "div_years": 4, "rev_cagr3": -4.9, "np_cagr3": 28.2, "rev_yoy": 4.5, "np_yoy": 76.8, "np_vol": 330.1, "loss_years": 1, "far_share": 68.0, "earn_yield": 6.4, "consensus_n": 0, "fwd_pe": null, "fwd_pe2": null, "fwd_g1": null, "fwd_g2": null, "peg": null, "consensus_disp": null, "mainbz": [["产品", 34.0], ["紧固件销售", 31.0], ["紧固件", 31.0], ["精线", 2.0]], "ret_prev_year": 21.3, "ret_prev2_year": -8.6, "ret_ytd": 6.7, "ret_pivot": 87.5, "prev_year": "2025", "prev2_year": "2024", "ret_20": 0.9, "ret_60": 12.3, "ret_120": -0.4, "ret_250": -4.4, "mdd_250": -35.2, "vol_250": 38.4, "pos_52w": 81.8}, "S": {"duration": 32, "pricing": 41, "hard": 31, "bondness": 50}, "label": "中性", "tags": [], "text": {"像什么": ["PE 15.6 倍、股息率 1.5%、毛利率近 5 年中位 20.4%、固定资产占比 20%、资产负债率 20%: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 20.4%。", "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 9.0%(经营现金流/市值 10.3%)。覆盖高。"], ["能否每年提价而不掉量?", "毛利率近 5 年中位 20.4%,稳定度 78%,2020→2022 成本通胀期毛利率变化 -6.3 个百分点。取决于竞争。"], ["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 0.44 倍。有一些。"], ["估值里多少来自 5 年后的故事?", "按 PE 15.6 倍 粗算,约 68%(1 − 5/PE)。中等。"]], "价格行为": "近一年 -4%,最大回撤 -35%,年化波动 38%,现价在 52 周高点的 82%;近 20 / 60 / 120 日 1% / 12% / -0%。", "行业对照": ["同申万二级「通用设备」248 家中位:PE 50.6 / 股息率 0.8% / 毛利率 28.5% / 固定资产占比 21% / 分红率 45%。", "晋亿实业:PE 比行业中位低 35.0倍;股息率 比行业中位高 0.7个百分点;毛利率 比行业中位低 8.1个百分点;固定资产占比 比行业中位低 1.2个百分点。"]}}