{"F": {"ts_code": "HK.00751", "name": "创维集团", "mkt": "HK", "ccy": "港元", "sw1": "消费电子产品", "sw2": "消费电子产品", "sw3": "", "ind": "消费电子产品", "fin_source": "futu", "market": "主板", "list_date": "20000407", "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": false, "growth": true}, "province": null, "main_business": "", "introduction": "", "close": 4.095, "pe_ttm": 7.875, "pb": 0.374, "dv_ttm": 0.0, "total_mv": 774775.937754, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [12.8], "rev_series": [782.1], "np_series": [9.3], "roe_series": [2.0], "rev_ttm": 782.1, "np_ttm": 9.8, "ocf_ttm": 1.6, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 2.1, "gm_median": 12.8, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 1.2, "roe_median": 2.0, "commodity": false, "hard_ratio": 14.3, "fix_assets": 115.3, "goodwill_ratio": null, "pb_calc": null, "capex_dep": null, "interest_debt": null, "debt_ebitda": null, "ebitda": 20.3, "debt_ratio": 69.9, "debt_mv": null, "payout": 0.0, "div_years": 0, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 13.1, "np_yoy": -24.6, "np_vol": null, "loss_years": 0, "far_share": 37.0, "earn_yield": 12.7, "consensus_n": 0, "fwd_pe": null, "fwd_pe2": null, "fwd_g1": null, "fwd_g2": null, "peg": null, "consensus_disp": null, "mainbz": [], "ret_prev_year": null, "ret_prev2_year": null, "ret_pivot": null, "prev_year": "", "prev2_year": "", "ret_ytd": -12.7, "ret_20": -8.6, "ret_60": -22.4, "ret_120": -42.0, "ret_250": 21.2, "mdd_250": null, "vol_250": null, "pos_52w": 54.0, "eps": 0.208}, "S": {"duration": 18, "pricing": 38, "hard": 23, "bondness": 13}, "label": "中性", "tags": [], "text": {"像什么": ["PE 7.9 倍、股息率 0.0%、毛利率最新年报 12.8%、固定资产占比 14%、资产负债率 70%: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 14%,毛利率最新年报 12.8%。", "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?", "经营现金流/市值 2.1%(futu 无资本开支,FCF 按经营现金流 × 0.7 近似)。极低或为负。"], ["能否每年提价而不掉量?", "毛利率最新年报 12.8%。不能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 14%。没有资产可言。"], ["估值里多少来自 5 年后的故事?", "按 PE 7.9 倍 粗算,约 37%(1 − 5/PE)。<40%,估值靠当期。"]], "价格行为": "近一年 21%,现价在 52 周高点的 54%;近 20 / 60 / 120 日 -9% / -22% / -42%。", "行业对照": ["同富途行业「消费电子产品」16 家中位:PE 21.0 / 股息率 0.0% / 毛利率 16.9% / 固定资产占比 12% / 分红率 60%。", "创维集团:PE 比行业中位低 13.1倍;股息率 与行业中位持平;毛利率 比行业中位低 4.1个百分点;固定资产占比 比行业中位高 2.5个百分点。"]}}