{"F": {"ts_code": "HK.02789", "name": "远大中国", "mkt": "HK", "ccy": "港元", "sw1": "楼宇建造", "sw2": "楼宇建造", "sw3": "", "ind": "楼宇建造", "fin_source": "futu", "market": "主板", "list_date": "20110517", "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": false, "growth": false}, "province": null, "main_business": "", "introduction": "", "close": 0.173, "pe_ttm": 3.035, "pb": 1.504, "dv_ttm": 28.9, "total_mv": 107411.0982, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [26.1], "rev_series": [31.3], "np_series": [3.9], "roe_series": [59.6], "rev_ttm": 31.3, "np_ttm": 3.5, "ocf_ttm": 5.3, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 49.6, "gm_median": 26.1, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 12.5, "roe_median": 59.6, "commodity": false, "hard_ratio": 7.8, "fix_assets": 3.7, "goodwill_ratio": null, "pb_calc": null, "capex_dep": null, "interest_debt": null, "debt_ebitda": null, "ebitda": 3.5, "debt_ratio": 83.7, "debt_mv": null, "payout": 88.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 33.0, "np_yoy": 204.1, "np_vol": null, "loss_years": 0, "far_share": 0.0, "earn_yield": 32.9, "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": -10.4, "ret_60": 1.2, "ret_120": -10.4, "ret_250": 30.1, "mdd_250": null, "vol_250": null, "pos_52w": 72.4, "eps": 0.063}, "S": {"duration": 7, "pricing": 45, "hard": 12, "bondness": 74}, "label": "现金流红利", "tags": ["股息率≥4%"], "text": {"像什么": ["分红率 88%、股息率 28.9%、最新一年营收增速 33.0%、资产负债率 84%: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 8%,毛利率最新年报 26.1%。", "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 49.6%(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 26.1%。取决于竞争。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 8%。没有资产可言。"], ["估值里多少来自 5 年后的故事?", "按 PE 3.0 倍 粗算,约 0%(1 − 5/PE)。中等。"]], "价格行为": "近一年 30%,现价在 52 周高点的 72%;近 20 / 60 / 120 日 -10% / 1% / -10%。", "行业对照": ["同富途行业「楼宇建造」100 家中位:PE 13.2 / 股息率 0.0% / 毛利率 8.1% / 固定资产占比 5% / 分红率 0%。", "远大中国:PE 比行业中位低 10.2倍;股息率 比行业中位高 28.9个百分点;毛利率 比行业中位高 18.0个百分点;固定资产占比 比行业中位高 3.2个百分点。"]}}