{"F": {"ts_code": "HK.01418", "name": "盛诺集团", "mkt": "HK", "ccy": "港元", "sw1": "家具", "sw2": "家具", "sw3": "", "ind": "家具", "fin_source": "futu", "market": "主板", "list_date": "20140710", "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": false, "growth": false}, "province": null, "main_business": "", "introduction": "", "close": 0.13, "pe_ttm": 5.0, "pb": 0.214, "dv_ttm": 7.69, "total_mv": 22750.026, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [23.5], "rev_series": [47.0], "np_series": [0.8], "roe_series": [6.0], "rev_ttm": 47.0, "np_ttm": 0.5, "ocf_ttm": 1.8, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 79.8, "gm_median": 23.5, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 1.8, "roe_median": 6.0, "commodity": false, "hard_ratio": 14.1, "fix_assets": 4.1, "goodwill_ratio": null, "pb_calc": null, "capex_dep": null, "interest_debt": null, "debt_ebitda": null, "ebitda": 1.7, "debt_ratio": 66.7, "debt_mv": null, "payout": 38.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 14.8, "np_yoy": -47.8, "np_vol": null, "loss_years": 0, "far_share": 0.0, "earn_yield": 20.0, "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": -43.0, "ret_20": -7.8, "ret_60": -13.3, "ret_120": -27.8, "ret_250": -44.7, "mdd_250": null, "vol_250": null, "pos_52w": 38.8, "eps": 0.034}, "S": {"duration": 12, "pricing": 44, "hard": 23, "bondness": 56}, "label": "中性", "tags": ["股息率≥4%"], "text": {"像什么": ["PE 5.0 倍、股息率 7.7%、毛利率最新年报 23.5%、固定资产占比 14%、资产负债率 67%: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 23.5%。", "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 79.8%(futu 无资本开支,FCF 按经营现金流 × 0.7 近似)。覆盖高。"], ["能否每年提价而不掉量?", "毛利率最新年报 23.5%。取决于竞争。"], ["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 5.0 倍 粗算,约 0%(1 − 5/PE)。中等。"]], "价格行为": "近一年 -45%,现价在 52 周高点的 39%;近 20 / 60 / 120 日 -8% / -13% / -28%。", "行业对照": ["同富途行业「家具」22 家中位:PE 6.9 / 股息率 0.0% / 毛利率 21.5% / 固定资产占比 11% / 分红率 11%。", "盛诺集团:PE 比行业中位低 1.9倍;股息率 比行业中位高 7.7个百分点;毛利率 比行业中位高 2.0个百分点;固定资产占比 比行业中位高 3.0个百分点。"]}}