{"F": {"ts_code": "920059.BJ", "name": "双英集团", "mkt": "CN", "ccy": "元", "sw1": "汽车", "sw2": "汽车零部件", "sw3": "车身附件及饰件", "ind": "汽车零部件", "fin_source": "tushare", "market": "北交所", "list_date": "20260819", "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": true, "growth": true}, "province": null, "main_business": "", "introduction": "", "close": 13.64, "pe_ttm": 15.8933, "pb": 2.6969, "dv_ttm": null, "total_mv": 207445.6314, "trade_date": "20260904", "years": ["20221231", "20231231", "20241231", "20251231"], "multi_year": true, "gm_series": [12.2, 15.7, 16.0, 14.0], "rev_series": [20.5, 22.0, 25.8, 37.4], "np_series": [0.7, 1.1, 1.0, 1.3], "roe_series": [21.8, 24.6, 16.5, 18.5], "period": "20260630", "rev_ttm": 37.3, "np_ttm": 1.3, "ocf_ttm": 3.0, "fcf_ttm": 1.2, "fcf_yield": 5.8, "ocf_yield": 14.3, "gm_median": 14.9, "gm_std": 1.5, "gm_stab": 0.9, "gm_chg_2022": null, "npm_median": 4.0, "roe_median": 20.2, "commodity": false, "hard_ratio": 28.0, "fix_assets": 8.3, "goodwill_ratio": 0.6, "pb_calc": 2.58, "capex_dep": 1.84, "interest_debt": 5.7, "debt_ebitda": 1.3, "debt_ratio": 71.3, "debt_mv": 27.6, "payout": null, "div_years": 0, "rev_cagr3": 22.2, "np_cagr3": 21.9, "rev_yoy": -1.0, "np_yoy": 9.0, "np_vol": 24.9, "loss_years": 0, "far_share": 69.0, "earn_yield": 6.3, "consensus_n": 0, "fwd_pe": null, "fwd_pe2": null, "fwd_g1": null, "fwd_g2": null, "peg": null, "consensus_disp": null, "mainbz": [["汽车座椅面套总成", 75.0], ["汽车塑料内饰件", 24.0], ["其他主营业务", 1.0], ["模具", 0.0]], "ret_prev_year": null, "ret_prev2_year": null, "ret_ytd": null, "ret_pivot": null, "prev_year": "2025", "prev2_year": "2024", "ret_20": null, "ret_60": null, "ret_120": null, "ret_250": null, "mdd_250": null, "vol_250": null, "pos_52w": null}, "S": {"duration": 33, "pricing": 46, "hard": 45, "bondness": 4}, "label": "中性", "tags": [], "text": {"像什么": ["PE 15.9 倍、股息率 —、毛利率近 5 年中位 14.9%、固定资产占比 28%、有息负债/EBITDA 1.3 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 28%,毛利率近 5 年中位 14.9%。", "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 5.8%(经营现金流/市值 14.3%)。覆盖高。"], ["能否每年提价而不掉量?", "毛利率近 5 年中位 14.9%,稳定度 90%。不能。"], ["资产重置成本随通胀涨吗?", "固定资产 + 在建占总资产 28%,资本开支/折旧 1.84 倍。有一些。"], ["估值里多少来自 5 年后的故事?", "按 PE 15.9 倍 粗算,约 69%(1 − 5/PE)。中等。"]], "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%。", "双英集团:PE 比行业中位低 14.3倍;股息率 ;毛利率 比行业中位低 6.5个百分点;固定资产占比 比行业中位高 2.5个百分点。"]}}