{"F": {"ts_code": "HK.02580", "name": "奥克斯电气", "mkt": "HK", "ccy": "港元", "sw1": "家庭电器", "sw2": "家庭电器", "sw3": "", "ind": "家庭电器", "fin_source": "futu", "market": "主板", "list_date": "20250902", "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": true, "growth": false}, "province": null, "main_business": "", "introduction": "", "close": 9.4, "pe_ttm": 8.818, "pb": 1.413, "dv_ttm": 12.98, "total_mv": 1492941.088, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [18.8], "rev_series": [334.2], "np_series": [24.9], "roe_series": [32.6], "rev_ttm": 334.2, "np_ttm": 17.1, "ocf_ttm": 15.9, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 10.6, "gm_median": 18.8, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 7.4, "roe_median": 32.6, "commodity": false, "hard_ratio": 19.5, "fix_assets": 59.7, "goodwill_ratio": null, "pb_calc": null, "capex_dep": null, "interest_debt": null, "debt_ebitda": null, "ebitda": 33.0, "debt_ratio": 68.3, "debt_mv": null, "payout": 114.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 5.6, "np_yoy": -19.7, "np_vol": null, "loss_years": 0, "far_share": 43.0, "earn_yield": 11.3, "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": -23.1, "ret_20": -4.4, "ret_60": 6.0, "ret_120": 1.6, "ret_250": -46.0, "mdd_250": null, "vol_250": null, "pos_52w": 60.7, "eps": 1.558}, "S": {"duration": 20, "pricing": 41, "hard": 31, "bondness": 78}, "label": "现金流红利", "tags": ["股息率≥4%"], "text": {"像什么": ["分红率 114%、股息率 13.0%、最新一年营收增速 5.6%、资产负债率 68%:红利底仓,但不靠杠杆。"], "为什么(不)算钱的替代品": "两条都不占:固定资产占比 20%,毛利率最新年报 18.8%。", "加息期怎么走": "船票:加息期底仓。放水信号出现后按 7:3 → 5:5 → 3:7 逐步让位给科技。", "四问": [["当前 FCF 能覆盖多少市值?", "经营现金流/市值 10.6%(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 18.8%。不能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 20%。有一些。"], ["估值里多少来自 5 年后的故事?", "按 PE 8.8 倍 粗算,约 43%(1 − 5/PE)。中等。"]], "价格行为": "近一年 -46%,现价在 52 周高点的 61%;近 20 / 60 / 120 日 -4% / 6% / 2%。", "行业对照": ["同富途行业「家庭电器」16 家中位:PE 12.1 / 股息率 5.2% / 毛利率 23.6% / 固定资产占比 15% / 分红率 64%。", "奥克斯电气:PE 比行业中位低 3.3倍;股息率 比行业中位高 7.8个百分点;毛利率 比行业中位低 4.8个百分点;固定资产占比 比行业中位高 4.3个百分点。"]}}