{"id":1265,"date":"2026-11-06T09:20:52","date_gmt":"2026-11-06T01:20:52","guid":{"rendered":"https:\/\/ifa.ai\/research\/2636tt\/"},"modified":"2026-11-13T22:06:24","modified_gmt":"2026-11-13T14:06:24","slug":"2636tt","status":"publish","type":"post","link":"https:\/\/ifa.ai\/research\/2636tt\/","title":{"rendered":"[\u53f0\u9a4a\u63a7\u80a1 (2636)] \u505a\u4ec0\u9ebc\uff1f\u53ef\u4ee5\u8cb7\u55ce\uff1f\u80a1\u50f9\u8207\u57fa\u672c\u9762\uff0d\u5f9e\u50f9\u503c\u6295\u8cc7\u8207\u7cfb\u7d71\u5316\u9078\u80a1\u7b56\u7565\u770b\u53f0\u9a4a\u63a7\u80a1"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"post-templates\/template-1.php","format":"standard","meta":{"ifam_symbol":"2636","ifam_company":"\u53f0\u9a4a\u63a7\u80a1","ifam_market":"\u53f0\u80a1","ifam_updated_at":"","ifam_business":"<p><strong>\u53f0\u9a4a\u63a7\u80a1\uff082636\uff09\u7684\u71df\u6536\u4f86\u81ea\u6d77\u7a7a\u904b\u627f\u652c\uff1a\u4e3b\u8981\u71df\u696d\u9805\u76ee\u70ba\u6d77\u7a7a\u904b\u8ca8\u7269\u904b\u8f38\u627f\u652c\u53ca\u7269\u6d41\u6574\u5408\uff0c\u61c9\u5831\u5c0e\u90e8\u9580\u70ba\u6d77\u904b\u627f\u652c\u3001\u7a7a\u904b\u627f\u652c\u8207\u7269\u6d41\u53ca\u5176\u4ed6\u3002<\/strong> \u516c\u53f8 1987 \u5e74 2 \u6708\u8a2d\u7acb\uff0c2009 \u5e74 3 \u6708\u4e0a\u6ac3\u30012016 \u5e74 12 \u6708\u8f49\u4e0a\u5e02\uff0c\u7522\u696d\u985e\u5225\u70ba\u822a\u904b\u696d\uff0c\u5be6\u6536\u8cc7\u672c\u984d 14.18 \u5104\u5143\u3002<\/p>\n<p><strong>\u71df\u6536\u4ee5\u6d77\u904b\u627f\u652c\u70ba\u4e3b\uff0c\u5e02\u5834\u4ee5\u9999\u6e2f\u53ca\u4e2d\u570b\u70ba\u4e3b\u3002<\/strong> 2026 \u5e74\u4e0a\u534a\u5e74\u5408\u4f75\u71df\u6536 114.20 \u5104\u5143\u4e2d\uff0c\u6d77\u904b\u627f\u652c\u5360 61.3%\u3001\u7a7a\u904b\u627f\u652c 28.7%\u3001\u7269\u6d41\u53ca\u5176\u4ed6 10.0%\uff08\u53bb\u5e74\u540c\u671f 64.6%\uff0f24.2%\uff0f11.1%\uff1b2025 \u5e74\u5168\u5e74 60.8%\uff0f27.8%\uff0f11.4%\uff09\u30022025 \u5e74\u4f9d\u5730\u5340\uff0c\u9999\u6e2f\u53ca\u4e2d\u570b\u5360 61.9%\u3001\u6771\u4e9e\u53ca\u5176\u4ed6 11.6%\u3002<\/p>\n<p><strong>\u26a0 \u8a55\u4f30\u672c\u6a94\u6642\u61c9\u512a\u5148\u7559\u610f\u7684\u662f\u4f4e\u6bdb\u5229\u7387\u8207\u904b\u50f9\u8b8a\u52d5\u3002<\/strong> \u627f\u652c\u696d\u52d9\u6bdb\u5229\u7387\u7d04 15%\uff0c2026 \u5e74\u4e0a\u534a\u5e74 14.8%\uff08\u53bb\u5e74\u540c\u671f 16.0%\uff09\uff0c\u90e8\u9580\u6bdb\u5229\u6d77\u904b 9.53 \u5104\u5143\uff08\u53bb\u5e74\u540c\u671f 11.74 \u5104\u5143\uff09\u3001\u7a7a\u904b 5.01 \u5104\u5143\uff08\u53bb\u5e74\u540c\u671f 3.93 \u5104\u5143\uff09\u3002\u6bcf\u80a1\u76c8\u9918\u542b\u696d\u5916\u5229\u606f\u8207\u5176\u4ed6\u6536\u5165\u3002<\/p>\n<p><strong>\u8fd1\u4e09\u5e74\u7684\u898f\u6a21\u8207\u7372\u5229<\/strong>\uff1a\u5408\u4f75\u71df\u6536 2023 \u5e74 146.21 \u5104\u5143\u30012024 \u5e74 254.46 \u5104\u5143\u30012025 \u5e74 207.94 \u5104\u5143\uff1b\u6bdb\u5229\u7387 20.0% \u2192 15.3% \u2192 16.0%\uff1b\u6bcf\u80a1\u76c8\u9918 10.75 \u2192 9.38 \u2192 7.74 \u5143\uff08\u7a00\u91cb\uff09\u3002<\/p>\n","ifam_revenue":"[{\"title\":\"\u71df\u6536\uff0d\u4ee5\u7522\u54c1\/\u670d\u52d9\u5340\u5206 (%)\",\"header\":[\"\",\"2025 (A)\",\"2025 \u4e0a\u534a\u5e74\",\"2025 \u4e0b\u534a\u5e74\",\"2026\u4e0a\u534a\u5e74\"],\"rows\":[[\"\u4f9d\u8ca1\u5831\u61c9\u5831\u5c0e\u90e8\u9580\u6536\u5165\uff08\u5360\u5408\u4f75\u71df\u6536\uff09\",\"\",\"\",\"\",\"\"],[\"\u6d77\u904b\u627f\u652c\",\"60.8%\",\"64.6%\",\"56.3%\",\"61.3%\"],[\"\u7a7a\u904b\u627f\u652c\",\"27.8%\",\"24.2%\",\"32.0%\",\"28.7%\"],[\"\u7269\u6d41\u53ca\u5176\u4ed6\",\"11.4%\",\"11.1%\",\"11.6%\",\"10.0%\"],[\"\u5408\u8a08\",\"100.0%\",\"100.0%\",\"100.0%\",\"100.0%\"]],\"notes\":[]}]","ifam_revenue_trend":"{\"tabs\":[{\"key\":\"month\",\"label\":\"\u6708\u71df\u6536\",\"head\":[\"\u65b0\u53f0\u5e63 (\u767e\u842c\u5143)\",\"2026\",\"2025\",\"2024\"],\"rows\":[[\"1~10\u6708\u7d2f\u8a08\",\"23,497\",\"17,532\",\"21,257\"],[\"12\u6708\",\"\uff0d\",\"1,662\",\"2,048\"],[\"11\u6708\",\"\uff0d\",\"1,598\",\"2,148\"],[\"10\u6708\",\"3,358\",\"1,489\",\"2,139\"],[\"9\u6708\",\"2,996\",\"1,504\",\"2,341\"],[\"8\u6708\",\"2,909\",\"1,568\",\"2,616\"],[\"7\u6708\",\"2,813\",\"1,727\",\"2,671\"],[\"6\u6708\",\"2,587\",\"2,066\",\"2,697\"],[\"5\u6708\",\"2,099\",\"1,896\",\"2,159\"],[\"4\u6708\",\"1,889\",\"1,710\",\"1,977\"],[\"3\u6708\",\"1,659\",\"1,739\",\"1,675\"],[\"2\u6708\",\"1,437\",\"1,671\",\"1,366\"],[\"1\u6708\",\"1,751\",\"2,162\",\"1,617\"]]},{\"key\":\"quarter\",\"label\":\"\u5b63\u71df\u6536\",\"head\":[\"\u65b0\u53f0\u5e63 (\u767e\u842c\u5143)\",\"2026Q3\",\"2026Q2\",\"2026Q1\",\"2025Q4\",\"2025Q3\",\"2025Q2\",\"2025Q1\",\"2024Q4\"],\"rows\":[[\"\u71df\u6536\",\"8,717\",\"6,574\",\"4,846\",\"4,750\",\"4,800\",\"5,672\",\"5,571\",\"6,328\"],[\"\u5e74\u589e\u7387\",\"+81.6%\",\"+15.9%\",\"-13.0%\",\"-24.9%\",\"-37.0%\",\"-17.0%\",\"+19.6%\",\"+57.8%\"],[\"\u5b63\u589e\u7387\",\"+32.6%\",\"+35.6%\",\"+2.0%\",\"-1.0%\",\"-15.4%\",\"+1.8%\",\"-12.0%\",\"-17.0%\"]]},{\"key\":\"half\",\"label\":\"\u534a\u5e74\u71df\u6536\",\"head\":[\"\u65b0\u53f0\u5e63 (\u767e\u842c\u5143)\",\"2026H1\",\"2025H2\",\"2025H1\",\"2024H2\",\"2024H1\",\"2023H2\"],\"rows\":[[\"\u71df\u6536\",\"11,420\",\"9,550\",\"11,243\",\"13,953\",\"11,493\",\"7,838\"],[\"\u5e74\u589e\u7387\",\"+1.6%\",\"-31.6%\",\"-2.2%\",\"+78.0%\",\"+69.4%\",\"-22.1%\"],[\"\u534a\u5e74\u589e\u7387\",\"+19.6%\",\"-15.1%\",\"-19.4%\",\"+21.4%\",\"+46.6%\",\"+15.5%\"]]},{\"key\":\"year\",\"label\":\"\u5e74\u71df\u6536\",\"head\":[\"\u65b0\u53f0\u5e63 (\u767e\u842c\u5143)\",\"2026 (1~10\u6708)\",\"2025\",\"2024\"],\"rows\":[[\"\u71df\u6536\",\"23,497\",\"20,794\",\"25,446\"],[\"\u5e74\u589e\u7387\",\"+34.0%\",\"-18.3%\",\"+74.0%\"]]}]}","ifam_income_tabs":"{\"note\":\"\u55ae\u4f4d\uff1a\u65b0\u53f0\u5e63\u767e\u842c\u5143\uff0c\u6bcf\u80a1\u76c8\u9918\u70ba\u5143\uff1b\u7a05\u5f8c\u6de8\u5229\u8207\u6de8\u5229\u7387\u63a1\u6b78\u5c6c\u6bcd\u516c\u53f8\u696d\u4e3b\u6de8\u5229\u30022026 \u5e74\u50c5\u81f3 Q2\u3002\",\"default\":2,\"tabs\":[{\"key\":\"Q4\",\"label\":\"Q4\",\"tables\":[{\"title\":\"\u55ae\u5b63\uff0810~12\u6708\uff09\",\"head\":[\"\u65b0\u53f0\u5e63 (\u767e\u842c\u5143)\",\"2026\",\"2025\",\"2024\",\"2023\",\"2022\"],\"rows\":[[\"\u71df\u696d\u6536\u5165\",\"\uff0d\",\"4,750\",\"6,328\",\"4,011\",\"4,220\"],[\"\u71df\u696d\u6bdb\u5229\",\"\uff0d\",\"753\",\"983\",\"737\",\"828\"],[\"\u71df\u696d\u5229\u76ca\",\"\uff0d\",\"176\",\"210\",\"255\",\"183\"],[\"\u7a05\u5f8c\u6de8\u5229\",\"\uff0d\",\"265\",\"325\",\"154\",\"116\"],[\"\u6bcf\u80a1\u76c8\u9918(\u5143)\uff0d\u7a00\u91cb\",\"\uff0d\",\"1.93\",\"2.37\",\"1.13\",\"0.89\"],[\"\u6bdb\u5229\u7387\",\"\uff0d\",\"15.9%\",\"15.5%\",\"18.4%\",\"19.6%\"],[\"\u71df\u696d\u5229\u76ca\u7387\",\"\uff0d\",\"3.7%\",\"3.3%\",\"6.4%\",\"4.3%\"],[\"\u6de8\u5229\u7387\",\"\uff0d\",\"5.6%\",\"5.1%\",\"3.8%\",\"2.8%\"]]},{\"title\":\"\u7d2f\u7a4d\uff08\u5168\u5e74\uff09\",\"head\":[\"\u65b0\u53f0\u5e63 (\u767e\u842c\u5143)\",\"2026\",\"2025\",\"2024\",\"2023\",\"2022\"],\"rows\":[[\"\u71df\u696d\u6536\u5165\",\"\uff0d\",\"20,794\",\"25,446\",\"14,621\",\"28,218\"],[\"\u71df\u696d\u6bdb\u5229\",\"\uff0d\",\"3,331\",\"3,886\",\"2,917\",\"5,598\"],[\"\u71df\u696d\u5229\u76ca\",\"\uff0d\",\"749\",\"1,111\",\"904\",\"2,538\"],[\"\u7a05\u5f8c\u6de8\u5229\",\"\uff0d\",\"1,060\",\"1,286\",\"1,473\",\"2,548\"],[\"\u6bcf\u80a1\u76c8\u9918(\u5143)\uff0d\u7a00\u91cb\",\"\uff0d\",\"7.74\",\"9.38\",\"10.75\",\"18.01\"],[\"\u6bdb\u5229\u7387\",\"\uff0d\",\"16.0%\",\"15.3%\",\"20.0%\",\"19.8%\"],[\"\u71df\u696d\u5229\u76ca\u7387\",\"\uff0d\",\"3.6%\",\"4.4%\",\"6.2%\",\"9.0%\"],[\"\u6de8\u5229\u7387\",\"\uff0d\",\"5.1%\",\"5.1%\",\"10.1%\",\"9.0%\"]]}]},{\"key\":\"Q3\",\"label\":\"Q3\",\"tables\":[{\"title\":\"\u55ae\u5b63\uff087~9\u6708\uff09\",\"head\":[\"\u65b0\u53f0\u5e63 (\u767e\u842c\u5143)\",\"2026\",\"2025\",\"2024\",\"2023\",\"2022\"],\"rows\":[[\"\u71df\u696d\u6536\u5165\",\"\uff0d\",\"4,800\",\"7,625\",\"3,827\",\"5,848\"],[\"\u71df\u696d\u6bdb\u5229\",\"\uff0d\",\"777\",\"1,101\",\"725\",\"1,022\"],[\"\u71df\u696d\u5229\u76ca\",\"\uff0d\",\"118\",\"375\",\"90\",\"441\"],[\"\u7a05\u5f8c\u6de8\u5229\",\"\uff0d\",\"174\",\"314\",\"552\",\"431\"],[\"\u6bcf\u80a1\u76c8\u9918(\u5143)\uff0d\u7a00\u91cb\",\"\uff0d\",\"1.27\",\"2.29\",\"4.03\",\"3.04\"],[\"\u6bdb\u5229\u7387\",\"\uff0d\",\"16.2%\",\"14.4%\",\"18.9%\",\"17.5%\"],[\"\u71df\u696d\u5229\u76ca\u7387\",\"\uff0d\",\"2.5%\",\"4.9%\",\"2.4%\",\"7.5%\"],[\"\u6de8\u5229\u7387\",\"\uff0d\",\"3.6%\",\"4.1%\",\"14.4%\",\"7.4%\"]]},{\"title\":\"\u7d2f\u7a4d\uff081~9\u6708\uff09\",\"head\":[\"\u65b0\u53f0\u5e63 (\u767e\u842c\u5143)\",\"2026\",\"2025\",\"2024\",\"2023\",\"2022\"],\"rows\":[[\"\u71df\u696d\u6536\u5165\",\"\uff0d\",\"16,043\",\"19,117\",\"10,611\",\"23,998\"],[\"\u71df\u696d\u6bdb\u5229\",\"\uff0d\",\"2,578\",\"2,903\",\"2,180\",\"4,770\"],[\"\u71df\u696d\u5229\u76ca\",\"\uff0d\",\"573\",\"901\",\"649\",\"2,354\"],[\"\u7a05\u5f8c\u6de8\u5229\",\"\uff0d\",\"795\",\"961\",\"1,319\",\"2,432\"],[\"\u6bcf\u80a1\u76c8\u9918(\u5143)\uff0d\u7a00\u91cb\",\"\uff0d\",\"5.81\",\"7.01\",\"9.62\",\"17.12\"],[\"\u6bdb\u5229\u7387\",\"\uff0d\",\"16.1%\",\"15.2%\",\"20.5%\",\"19.9%\"],[\"\u71df\u696d\u5229\u76ca\u7387\",\"\uff0d\",\"3.6%\",\"4.7%\",\"6.1%\",\"9.8%\"],[\"\u6de8\u5229\u7387\",\"\uff0d\",\"5.0%\",\"5.0%\",\"12.4%\",\"10.1%\"]]}]},{\"key\":\"Q2\",\"label\":\"Q2\",\"tables\":[{\"title\":\"\u55ae\u5b63\uff084~6\u6708\uff09\",\"head\":[\"\u65b0\u53f0\u5e63 (\u767e\u842c\u5143)\",\"2026\",\"2025\",\"2024\",\"2023\",\"2022\"],\"rows\":[[\"\u71df\u696d\u6536\u5165\",\"6,574\",\"5,672\",\"6,835\",\"3,416\",\"8,006\"],[\"\u71df\u696d\u6bdb\u5229\",\"933\",\"881\",\"974\",\"675\",\"1,474\"],[\"\u71df\u696d\u5229\u76ca\",\"216\",\"195\",\"311\",\"273\",\"695\"],[\"\u7a05\u5f8c\u6de8\u5229\",\"375\",\"346\",\"389\",\"519\",\"1,086\"],[\"\u6bcf\u80a1\u76c8\u9918(\u5143)\uff0d\u7a00\u91cb\",\"2.74\",\"2.52\",\"2.84\",\"3.78\",\"7.65\"],[\"\u6bdb\u5229\u7387\",\"14.2%\",\"15.5%\",\"14.2%\",\"19.8%\",\"18.4%\"],[\"\u71df\u696d\u5229\u76ca\u7387\",\"3.3%\",\"3.4%\",\"4.6%\",\"8.0%\",\"8.7%\"],[\"\u6de8\u5229\u7387\",\"5.7%\",\"6.1%\",\"5.7%\",\"15.2%\",\"13.6%\"]]},{\"title\":\"\u7d2f\u7a4d\uff081~6\u6708\uff09\",\"head\":[\"\u65b0\u53f0\u5e63 (\u767e\u842c\u5143)\",\"2026\",\"2025\",\"2024\",\"2023\",\"2022\"],\"rows\":[[\"\u71df\u696d\u6536\u5165\",\"11,420\",\"11,243\",\"11,493\",\"6,783\",\"18,151\"],[\"\u71df\u696d\u6bdb\u5229\",\"1,692\",\"1,801\",\"1,802\",\"1,455\",\"3,748\"],[\"\u71df\u696d\u5229\u76ca\",\"342\",\"456\",\"527\",\"559\",\"1,913\"],[\"\u7a05\u5f8c\u6de8\u5229\",\"526\",\"622\",\"647\",\"767\",\"2,001\"],[\"\u6bcf\u80a1\u76c8\u9918(\u5143)\uff0d\u7a00\u91cb\",\"3.84\",\"4.54\",\"4.72\",\"5.59\",\"14.09\"],[\"\u6bdb\u5229\u7387\",\"14.8%\",\"16.0%\",\"15.7%\",\"21.5%\",\"20.7%\"],[\"\u71df\u696d\u5229\u76ca\u7387\",\"3.0%\",\"4.1%\",\"4.6%\",\"8.2%\",\"10.5%\"],[\"\u6de8\u5229\u7387\",\"4.6%\",\"5.5%\",\"5.6%\",\"11.3%\",\"11.0%\"]]}]},{\"key\":\"Q1\",\"label\":\"Q1\",\"tables\":[{\"title\":\"\u55ae\u5b63\uff081~3\u6708\uff09\",\"head\":[\"\u65b0\u53f0\u5e63 (\u767e\u842c\u5143)\",\"2026\",\"2025\",\"2024\",\"2023\",\"2022\"],\"rows\":[[\"\u71df\u696d\u6536\u5165\",\"4,846\",\"5,571\",\"4,657\",\"3,367\",\"10,144\"],[\"\u71df\u696d\u6bdb\u5229\",\"759\",\"920\",\"828\",\"780\",\"2,274\"],[\"\u71df\u696d\u5229\u76ca\",\"126\",\"261\",\"215\",\"285\",\"1,218\"],[\"\u7a05\u5f8c\u6de8\u5229\",\"151\",\"276\",\"258\",\"248\",\"915\"],[\"\u6bcf\u80a1\u76c8\u9918(\u5143)\uff0d\u7a00\u91cb\",\"1.10\",\"2.01\",\"1.88\",\"1.81\",\"6.45\"],[\"\u6bdb\u5229\u7387\",\"15.7%\",\"16.5%\",\"17.8%\",\"23.2%\",\"22.4%\"],[\"\u71df\u696d\u5229\u76ca\u7387\",\"2.6%\",\"4.7%\",\"4.6%\",\"8.5%\",\"12.0%\"],[\"\u6de8\u5229\u7387\",\"3.1%\",\"5.0%\",\"5.5%\",\"7.4%\",\"9.0%\"]]}]}]}","ifam_metrics_tabs":"{\"default\":0,\"tabs\":[{\"key\":\"quarter\",\"label\":\"\u5b63\u5ea6\",\"tables\":[{\"title\":\"\u7372\u5229\u80fd\u529b\",\"head\":[\"\",\"2026 Q2\",\"2026 Q1\",\"2025 Q4\",\"2025 Q3\",\"2025 Q2\",\"2025 Q1\",\"2024 Q4\",\"2024 Q3\"],\"rows\":[[\"\u6bdb\u5229\u7387\",\"14.2%\",\"15.7%\",\"15.9%\",\"16.2%\",\"15.5%\",\"16.5%\",\"15.5%\",\"14.4%\"],[\"\u6de8\u5229\u7387\",\"5.7%\",\"3.1%\",\"5.6%\",\"3.6%\",\"6.1%\",\"5.0%\",\"5.1%\",\"4.1%\"],[\"\u6bdb\u5229\u00f7\u7e3d\u8cc7\u7522*\",\"16.2%\",\"13.5%\",\"13.8%\",\"14.7%\",\"16.4%\",\"17.2%\",\"19.0%\",\"21.9%\"],[\"ROCE*\",\"19.0%\",\"9.6%\",\"12.9%\",\"11.5%\",\"19.2%\",\"15.4%\",\"16.9%\",\"17.9%\"]]},{\"title\":\"\u6210\u9577\u6027\",\"head\":[\"\",\"2026 Q2\",\"2026 Q1\",\"2025 Q4\",\"2025 Q3\",\"2025 Q2\",\"2025 Q1\",\"2024 Q4\",\"2024 Q3\"],\"rows\":[[\"\u71df\u6536\u5e74\u6210\u9577\u7387\",\"+15.9%\",\"-13.0%\",\"-24.9%\",\"-37.0%\",\"-17.0%\",\"+19.6%\",\"+57.8%\",\"+99.2%\"],[\"\u6de8\u5229\u5e74\u6210\u9577\u7387\",\"+8.0%\",\"-47.5%\",\"-20.9%\",\"-42.3%\",\"-16.4%\",\"-2.0%\",\"+96.5%\",\"-45.0%\"],[\"\u71df\u696d\u73fe\u91d1\u6d41\u5e74\u6210\u9577\u7387\",\"-160.6%\",\"-128.0%\",\"-29.1%\",\"+12.0%\",\"+145.5%\",\"+1000.2%\",\"+22485.4%\",\"+904.6%\"],[\"\u81ea\u7531\u73fe\u91d1\u6d41\u5e74\u6210\u9577\u7387\",\"-172.6%\",\"-132.1%\",\"-30.2%\",\"+8.5%\",\"+142.5%\",\"+768.2%\",\"+6284.8%\",\"+1418.2%\"]]},{\"title\":\"\u71df\u904b\u8207\u8ca1\u52d9\u97cc\u6027\",\"head\":[\"\",\"2026 Q2\",\"2026 Q1\",\"2025 Q4\",\"2025 Q3\",\"2025 Q2\",\"2025 Q1\",\"2024 Q4\",\"2024 Q3\"],\"rows\":[[\"\u61c9\u6536\u5e33\u6b3e\u6536\u73fe\u5929\u6578\",\"53.8\",\"60.9\",\"60.5\",\"60.5\",\"54.3\",\"63.7\",\"65.9\",\"59.7\"],[\"\u5e73\u5747\u552e\u8ca8\u5929\u6578\",\"\uff0d\",\"\uff0d\",\"\uff0d\",\"\uff0d\",\"\uff0d\",\"\uff0d\",\"\uff0d\",\"\uff0d\"],[\"\u61c9\u4ed8\u5e33\u6b3e\u4ed8\u73fe\u5929\u6578\",\"28.7\",\"31.9\",\"30.1\",\"28.8\",\"25.1\",\"27.5\",\"28.0\",\"27.5\"],[\"\u73fe\u91d1\u5faa\u74b0\u9031\u671f\",\"\uff0d\",\"\uff0d\",\"\uff0d\",\"\uff0d\",\"\uff0d\",\"\uff0d\",\"\uff0d\",\"\uff0d\"],[\"\u6d41\u52d5\u6bd4\u7387\",\"1.58\",\"1.62\",\"1.69\",\"1.66\",\"1.62\",\"1.77\",\"1.83\",\"1.75\"],[\"\u901f\u52d5\u6bd4\u7387\",\"1.58\",\"1.62\",\"1.69\",\"1.66\",\"1.62\",\"1.77\",\"1.83\",\"1.75\"]]}]},{\"key\":\"year\",\"label\":\"\u5e74\u5ea6\",\"tables\":[{\"title\":\"\u7372\u5229\u80fd\u529b\",\"head\":[\"\",\"2025\",\"2024\",\"2023\",\"2022\",\"2021\"],\"rows\":[[\"\u6bdb\u5229\u7387\",\"16.0%\",\"15.3%\",\"20.0%\",\"19.8%\",\"22.5%\"],[\"\u6de8\u5229\u7387\",\"5.1%\",\"5.1%\",\"10.1%\",\"9.0%\",\"10.9%\"],[\"\u6bdb\u5229\u00f7\u7e3d\u8cc7\u7522*\",\"15.3%\",\"20.7%\",\"17.1%\",\"32.6%\",\"66.8%\"],[\"ROCE*\",\"14.0%\",\"18.5%\",\"22.0%\",\"34.3%\",\"69.0%\"]]},{\"title\":\"\u6210\u9577\u6027\",\"head\":[\"\",\"2025\",\"2024\",\"2023\",\"2022\",\"2021\"],\"rows\":[[\"\u71df\u6536\u5e74\u6210\u9577\u7387\",\"-18.3%\",\"+74.0%\",\"-48.2%\",\"-21.7%\",\"+137.8%\"],[\"\u6de8\u5229\u5e74\u6210\u9577\u7387\",\"-20.5%\",\"-12.6%\",\"-41.4%\",\"-34.2%\",\"+603.8%\"],[\"\u71df\u696d\u73fe\u91d1\u6d41\u5e74\u6210\u9577\u7387\",\"+301.1%\",\"+243.7%\",\"-115.5%\",\"-48.5%\",\"+1198.3%\"],[\"\u81ea\u7531\u73fe\u91d1\u6d41\u5e74\u6210\u9577\u7387\",\"+370.9%\",\"+204.9%\",\"-123.6%\",\"-61.5%\",\"+1418.0%\"]]},{\"title\":\"\u71df\u904b\u8207\u8ca1\u52d9\u97cc\u6027\",\"head\":[\"\",\"2025\",\"2024\",\"2023\",\"2022\",\"2021\"],\"rows\":[[\"\u61c9\u6536\u5e33\u6b3e\u6536\u73fe\u5929\u6578\",\"65.3\",\"50.8\",\"64.3\",\"46.7\",\"38.5\"],[\"\u5e73\u5747\u552e\u8ca8\u5929\u6578\",\"\uff0d\",\"\uff0d\",\"\uff0d\",\"\uff0d\",\"\uff0d\"],[\"\u61c9\u4ed8\u5e33\u6b3e\u4ed8\u73fe\u5929\u6578\",\"30.9\",\"21.6\",\"32.2\",\"26.5\",\"22.8\"],[\"\u73fe\u91d1\u5faa\u74b0\u9031\u671f\",\"\uff0d\",\"\uff0d\",\"\uff0d\",\"\uff0d\",\"\uff0d\"],[\"\u6d41\u52d5\u6bd4\u7387\",\"1.69\",\"1.83\",\"1.97\",\"1.92\",\"2.30\"],[\"\u901f\u52d5\u6bd4\u7387\",\"1.69\",\"1.83\",\"1.97\",\"1.92\",\"2.30\"]]}]}]}","ifam_chips":"{\"date\":\"2026-11-12\",\"label\":\"11\/12\u7576\u65e5\",\"volume_lot\":\"344\",\"avg_price\":\"70.98\",\"note\":\"\u8cc7\u6599\u4f86\u6e90\uff1a\u8b49\u5238\u4ea4\u6613\u6240\u4e09\u5927\u6cd5\u4eba\u8cb7\u8ce3\u65e5\u5831\u8868\uff082026-11-12\uff09\u3002\u300c\u5916\u8cc7\u300d\u542b\u5916\u8cc7\u81ea\u71df\u5546\uff0c\u300c\u81ea\u71df\u5546\u300d\u542b\u907f\u96aa\u8207\u81ea\u884c\u8cb7\u8ce3\u3002\u5404\u6cd5\u4eba\u7684\u6210\u4ea4\u91d1\u984d\u4e26\u975e\u539f\u59cb\u63ed\u9732\u8cc7\u6599\uff0c\u8868\u4e2d\u91d1\u984d\u70ba\u8a72\u6cd5\u4eba\u5f35\u6578 \u00d7 \u7576\u65e5\u6210\u4ea4\u5747\u50f9 70.98 \u5143\u63a8\u7b97\uff1b\u7576\u65e5\u7e3d\u6210\u4ea4\u91cf 344 \u5f35\u3002\",\"groups\":[{\"name\":\"\u5916\u8cc7\",\"dir\":\"up\",\"streak\":\"\u90231\u8ce3\u2192\u8cb7\",\"rows\":[[\"\u5f35\u6578\",\"149\",\"57\",\"+93\"],[\"\u91d1\u984d(\u5143)\",\"1,059\u842c\",\"402\u842c\",\"658\u842c\"],[\"\u5747\u50f9(\u5143)\",\"70.98\",\"70.98\",\"70.98\"],[\"\u4f54\u6210\u4ea4\u6bd4\u91cd(%)\",\"43.4%\",\"16.5%\",\"\u4e0d\u9069\u7528\"]]},{\"name\":\"\u6295\u4fe1\",\"dir\":\"\",\"streak\":\"\",\"rows\":[[\"\u5f35\u6578\",\"0\",\"0\",\"+0\"],[\"\u91d1\u984d(\u5143)\",\"0\u842c\",\"0\u842c\",\"0\u842c\"],[\"\u5747\u50f9(\u5143)\",\"70.98\",\"70.98\",\"70.98\"],[\"\u4f54\u6210\u4ea4\u6bd4\u91cd(%)\",\"0.0%\",\"0.0%\",\"\u4e0d\u9069\u7528\"]]},{\"name\":\"\u81ea\u71df\u5546\",\"dir\":\"down\",\"streak\":\"\u90233\u8cb7\u2192\u8ce3\",\"rows\":[[\"\u5f35\u6578\",\"1\",\"5\",\"-4\"],[\"\u91d1\u984d(\u5143)\",\"7\u842c\",\"33\u842c\",\"-26\u842c\"],[\"\u5747\u50f9(\u5143)\",\"70.98\",\"70.98\",\"70.98\"],[\"\u4f54\u6210\u4ea4\u6bd4\u91cd(%)\",\"0.3%\",\"1.4%\",\"\u4e0d\u9069\u7528\"]]},{\"name\":\"\u4e09\u5927\u6cd5\u4eba\",\"dir\":\"up\",\"streak\":\"\u90231\u8ce3\u2192\u8cb7\",\"rows\":[[\"\u5f35\u6578\",\"150\",\"61\",\"+89\"],[\"\u91d1\u984d(\u5143)\",\"1,066\u842c\",\"435\u842c\",\"632\u842c\"],[\"\u5747\u50f9(\u5143)\",\"70.98\",\"70.98\",\"70.98\"],[\"\u4f54\u6210\u4ea4\u6bd4\u91cd(%)\",\"43.7%\",\"17.8%\",\"\u4e0d\u9069\u7528\"]]}]}","ifam_candle":"{\"date\":\"2026-11-13\",\"label\":\"11\/13\",\"today\":[],\"recent\":[{\"rule\":\"1-5\",\"name\":\"\u4e09\u5167\u90e8\u4e0b\u8dcc\",\"level\":\"\u5df2\u78ba\u8a8d\",\"dir\":\"down\",\"text\":\"\u7a7a\u982d\u6bcd\u5b50\u7dda\u51fa\u73fe\u5f8c\uff0c\u9694\u65e5\u518d\u6536\u4e00\u6839\u66f4\u4f4e\u7684\u9ed1K\u3002\u8ce3\u65b9\u8ddf\u8457\u51fa\u5834\uff0c\u5148\u524d\u7684\u8f49\u5f31\u8a0a\u865f\u7372\u5f97\u78ba\u8a8d\u3002\u6280\u8853\u5206\u6790\u4e0a\u4e00\u822c\u8a8d\u70ba\uff0c\u9019\u500b\u578b\u614b\u51fa\u73fe\u5f8c\uff0c\u80a1\u50f9\u4e0b\u8dcc\u7684\u6bd4\u4f8b\u6bd4\u5e73\u5e38\u9ad8\u3002\",\"date\":\"11\/03\",\"dir_word\":\"\u504f\u7a7a\"},{\"rule\":\"1-4\",\"name\":\"\u7a7a\u982d\u6bcd\u5b50\u7dda\",\"level\":\"\u9810\u8b66\",\"dir\":\"down\",\"text\":\"\u80a1\u50f9\u4e0a\u6f32\u4e00\u6bb5\u5f8c\uff0c\u9577\u7d05K\u7684\u9694\u65e5\u51fa\u73fe\u4e00\u6839\u5c0fK\u7dda\uff0c\u800c\u4e14\u6c92\u6709\u518d\u5275\u65b0\u9ad8\u3002\u8ffd\u50f9\u7684\u529b\u9053\u66ab\u6642\u505c\u4e86\u4e0b\u4f86\uff0c\u4f46\u53ea\u4ee3\u8868\u6f32\u52e2\u505c\u9813\uff0c\u65b9\u5411\u9084\u6c92\u6709\u8868\u614b\u3002\u6280\u8853\u5206\u6790\u4e0a\u4e00\u822c\u8a8d\u70ba\uff0c\u9019\u500b\u578b\u614b\u51fa\u73fe\u5f8c\uff0c\u80a1\u50f9\u7531\u6f32\u8f49\u8dcc\u7684\u6bd4\u4f8b\u6bd4\u5e73\u5e38\u9ad8\u3002\",\"date\":\"11\/02\",\"dir_word\":\"\u504f\u7a7a\"},{\"rule\":\"2-3\",\"name\":\"\u591a\u982d\u541e\u566c\u672a\u7372\u78ba\u8a8d\",\"level\":\"\u672a\u7372\u78ba\u8a8d\",\"dir\":\"\",\"text\":\"\u524d\u4e00\u500b\u4ea4\u6613\u65e5\u51fa\u73fe\u591a\u982d\u541e\u566c\uff0c\u4f46\u7576\u65e5\u6c92\u6709\u7e7c\u7e8c\u6536\u9ad8\u3002\u53ef\u80fd\u53ea\u662f\u55ae\u65e5\u53cd\u5f48\uff0c\u80a1\u50f9\u65b9\u5411\u4ecd\u4e0d\u660e\u6717\u3002\",\"date\":\"11\/02\",\"dir_word\":\"\u65b9\u5411\u672a\u660e\"},{\"rule\":\"2-1\",\"name\":\"\u591a\u982d\u541e\u566c\",\"level\":\"\u9810\u8b66\",\"dir\":\"up\",\"text\":\"\u80a1\u50f9\u4e0b\u8dcc\u4e00\u6bb5\u5f8c\uff0c\u7576\u65e5\u7d05K\u7684\u5be6\u9ad4\u628a\u524d\u4e00\u65e5\u7684\u9ed1K\u6574\u6839\u5305\u4f4f\u3002\u8cb7\u65b9\u55ae\u65e5\u7684\u529b\u9053\u660e\u986f\u8f49\u5f37\uff0c\u53ef\u80fd\u662f\u8f49\u6298\u7684\u8d77\u9ede\uff0c\u4f46\u9084\u9700\u8981\u78ba\u8a8d\u3002\u6280\u8853\u5206\u6790\u4e0a\u4e00\u822c\u8a8d\u70ba\uff0c\u9019\u500b\u578b\u614b\u51fa\u73fe\u5f8c\uff0c\u80a1\u50f9\u6b62\u8dcc\u56de\u5347\u7684\u6bd4\u4f8b\u6bd4\u5e73\u5e38\u9ad8\u3002\",\"date\":\"10\/30\",\"dir_word\":\"\u504f\u591a\"},{\"rule\":\"4-4\",\"name\":\"\u591a\u982d\u5341\u5b57\u661f\u672a\u7372\u78ba\u8a8d\",\"level\":\"\u672a\u7372\u78ba\u8a8d\",\"dir\":\"\",\"text\":\"\u524d\u4e00\u500b\u4ea4\u6613\u65e5\u51fa\u73fe\u591a\u982d\u5341\u5b57\u661f\uff0c\u4f46\u7576\u65e5\u6c92\u6709\u9577\u7d05K\u8ddf\u9032\u3002\u591a\u7a7a\u50f5\u6301\u9084\u6c92\u6709\u7d50\u679c\uff0c\u80a1\u50f9\u65b9\u5411\u4ecd\u4e0d\u660e\u6717\u3002\",\"date\":\"10\/21\",\"dir_word\":\"\u65b9\u5411\u672a\u660e\"},{\"rule\":\"4-1\",\"name\":\"\u591a\u982d\u5341\u5b57\u661f\",\"level\":\"\u9810\u8b66\",\"dir\":\"up\",\"text\":\"\u9577\u9ed1K\u4e4b\u5f8c\u8df3\u7a7a\u958b\u4f4e\uff0c\u6536\u6210\u5341\u5b57\u7dda\u3002\u8ce3\u65b9\u63a8\u4e0d\u4e0b\u53bb\u3001\u8cb7\u65b9\u4e5f\u9084\u6c92\u63a5\u624b\uff0c\u591a\u7a7a\u9677\u5165\u50f5\u6301\u3002\u6280\u8853\u5206\u6790\u4e0a\u4e00\u822c\u8a8d\u70ba\uff0c\u9019\u500b\u578b\u614b\u51fa\u73fe\u5f8c\uff0c\u80a1\u50f9\u6b62\u8dcc\u56de\u5347\u7684\u6bd4\u4f8b\u6bd4\u5e73\u5e38\u9ad8\u3002\",\"date\":\"10\/20\",\"dir_word\":\"\u504f\u591a\"},{\"rule\":\"4-8\",\"name\":\"\u7a7a\u982d\u5341\u5b57\u661f\u672a\u7372\u78ba\u8a8d\",\"level\":\"\u672a\u7372\u78ba\u8a8d\",\"dir\":\"\",\"text\":\"\u524d\u4e00\u500b\u4ea4\u6613\u65e5\u51fa\u73fe\u7a7a\u982d\u5341\u5b57\u661f\uff0c\u4f46\u7576\u65e5\u6c92\u6709\u9577\u9ed1K\u8ddf\u9032\u3002\u591a\u7a7a\u50f5\u6301\u9084\u6c92\u6709\u7d50\u679c\uff0c\u80a1\u50f9\u65b9\u5411\u4ecd\u4e0d\u660e\u6717\u3002\",\"date\":\"10\/14\",\"dir_word\":\"\u65b9\u5411\u672a\u660e\"}],\"recent_days\":20,\"caption\":\"K\u7dda\u5716\u4f9d\u8a72\u5e7e\u65e5\u7684\u9084\u539f\u958b\u9ad8\u4f4e\u6536\u50f9\u7e6a\u88fd\u3002\u578b\u614b\u70ba\u6b77\u53f2\u50f9\u683c\u884c\u70ba\u7684\u63cf\u8ff0\uff0c\u4e0d\u69cb\u6210\u4efb\u4f55\u6295\u8cc7\u5efa\u8b70\u3002\",\"note\":\"K\u7dda\u578b\u614b\u8a0a\u865f\u7531\u7a0b\u5f0f\u4f9d\u6bcf\u65e5\u7684\u958b\u76e4\u3001\u6700\u9ad8\u3001\u6700\u4f4e\u3001\u6536\u76e4\u50f9\u81ea\u52d5\u8fa8\u8b58\uff0c\u300c\u4e0b\u8dcc\u4e00\u6bb5\uff0f\u4e0a\u6f32\u4e00\u6bb5\u300d\u4ee5\u578b\u614b\u51fa\u73fe\u524d 5 \u500b\u4ea4\u6613\u65e5\u7684\u9084\u539f\u6536\u76e4\u50f9\u6f32\u8dcc\u5224\u65b7\u3002\u4e0a\u8ff0\u8aaa\u660e\u7d14\u7cb9\u662f\u4f9d\u578b\u614b\u672c\u8eab\u7684\u4e00\u822c\u89e3\u8b80\u6240\u505a\u7684\u63a8\u8ad6\uff0c\u4e0d\u4ee3\u8868\u672c\u516c\u53f8\u5c0d\u8a72\u500b\u80a1\u7684\u770b\u6cd5\uff0c\u4ea6\u975e\u8cb7\u8ce3\u5efa\u8b70\uff1b\u8a0a\u865f\u6709\u53ef\u80fd\u5931\u6548\uff0c\u904e\u53bb\u51fa\u73fe\u7684\u578b\u614b\u4e0d\u4ee3\u8868\u672a\u4f86\u7684\u80a1\u50f9\u8d70\u52e2\u3002\"}","ifam_margin":"{\"date\":\"2026-11-12\",\"label\":\"11\/12\u7576\u65e5\",\"tables\":[{\"head\":[\"11\/12\u7576\u65e5\",\"\u878d\u8cc7(\u5f35)\",\"\u878d\u5238(\u5f35)\"],\"rows\":[{\"k\":\"\u8cb7\u9032\",\"v\":[\"22\",\"0\"]},{\"k\":\"\u8ce3\u51fa\",\"v\":[\"16\",\"0\"]},{\"k\":\"\u73fe\u511f\",\"v\":[\"0\",\"0\"]},{\"k\":\"\u589e\u6e1b\",\"v\":[\"+6\",\"0\"],\"t\":[\"up\",\"\"]},{\"k\":\"\u9918\u984d\",\"v\":[\"615\",\"0\"]},{\"k\":\"\u4f7f\u7528\u7387\",\"v\":[\"1.7%\",\"0.0%\"]},{\"k\":\"\u9023\u589e\u9023\u6e1b\",\"v\":[\"\u6e1b\u2192\u90234\u589e\",\"\u6301\u5e73\"],\"t\":[\"up\",\"\"]},{\"k\":\"\u8cc7\u5238\u4e92\u62b5\",\"v\":[\"\",\"0\"]},{\"k\":\"\u8cc7\u5238\u7576\u6c96\",\"v\":[\"\",\"0.0%\"]},{\"k\":\"\u5238\u8cc7\u6bd4\",\"v\":[\"\",\"0.0%\"]}]},{\"head\":[\"11\/12\u7576\u65e5\",\"\u501f\u5238\u8ce3\u51fa(\u5f35)\"],\"rows\":[{\"k\":\"\u8ce3\u51fa\",\"v\":[\"0\"]},{\"k\":\"\u9084\u5238\",\"v\":[\"0\"]},{\"k\":\"\u8abf\u6574\",\"v\":[\"0\"]},{\"k\":\"\u589e\u6e1b\",\"v\":[\"0\"],\"t\":[\"\"]},{\"k\":\"\u9918\u984d\",\"v\":[\"716\"]},{\"k\":\"\u6b21\u65e5\u9650\u984d\",\"v\":[\"10\"]}]}],\"note\":\"\u8cc7\u6599\u4f86\u6e90\uff1a\u8b49\u5238\u4ea4\u6613\u6240\u3001\u6ac3\u8cb7\u4e2d\u5fc3\u4fe1\u7528\u4ea4\u6613\u8207\u501f\u5238\u8ce3\u51fa\u9918\u984d\u7d71\u8a08\uff082026-11-12\uff09\u3002\u878d\u5238\u6b04\u7684\u300c\u8cb7\u9032\u300d\u70ba\u878d\u5238\u56de\u88dc\u3001\u300c\u73fe\u511f\u300d\u70ba\u73fe\u5238\u511f\u9084\u3002\u4f7f\u7528\u7387\uff1d\u9918\u984d \u00f7 \u878d\u8cc7\uff08\u878d\u5238\uff09\u9650\u984d\uff1b\u8cc7\u5238\u7576\u6c96\uff1d\u8cc7\u5238\u4e92\u62b5\u5f35\u6578 \u00f7 \u7576\u65e5\u6210\u4ea4\u91cf\uff1b\u5238\u8cc7\u6bd4\uff1d\u878d\u5238\u9918\u984d \u00f7 \u878d\u8cc7\u9918\u984d\u3002\"}","ifam_financials":"[{\"title\":\"\u57fa\u790e\u8ca1\u52d9\u8cc7\u8a0a\uff0d\u9810\u4f30\",\"header\":[\"\u65b0\u53f0\u5e63 (\u767e\u842c\u5143)\",\"2024 (A)\",\"2025 (A)\",\"2026 (E)\",\"2027 (F)\",\"2028 (F)\"],\"rows\":[[\"\u71df\u696d\u6536\u5165\",\"25,446\",\"20,794\",\"\",\"\",\"\"],[\"\u71df\u696d\u6bdb\u5229\",\"3,886\",\"3,331\",\"\",\"\",\"\"],[\"\u71df\u696d\u5229\u76ca\",\"1,111\",\"749\",\"\",\"\",\"\"],[\"\u7a05\u5f8c\u6de8\u5229\",\"1,286\",\"1,060\",\"\",\"\",\"\"],[\"\u6bcf\u80a1\u76c8\u9918(\u5143)\uff0d\u7a00\u91cb\",\"9.38\",\"7.74\",\"\",\"\",\"\"],[\"\u6bdb\u5229\u7387\",\"15.3%\",\"16.0%\",\"\",\"\",\"\"],[\"\u6de8\u5229\u7387\",\"5.1%\",\"5.1%\",\"\",\"\",\"\"],[\"\u71df\u6536\u5e74\u589e\u7387 (YoY,%)\",\"74.0%\",\"-18.3%\",\"\",\"\",\"\"],[\"\u6de8\u5229\u5e74\u589e\u7387 (YoY,%)\",\"-12.7%\",\"-17.5%\",\"\",\"\",\"\"]],\"notes\":[\"\u8a3b\uff1a\u7a05\u5f8c\u6de8\u5229\uff0f\u6de8\u5229\u7387\u63a1\u300c\u6b78\u5c6c\u6bcd\u516c\u53f8\u696d\u4e3b\u6de8\u5229\u300d\u3002\",\"\uff0a\u57fa\u672c\u6bcf\u80a1\u76c8\u9918\u8207\u7a00\u91cb\u6bcf\u80a1\u76c8\u9918\u4e0d\u540c\uff0c\u8868\u5217\u70ba\u7a00\u91cb\u6bcf\u80a1\u76c8\u9918\uff1b\u57fa\u672c\u6bcf\u80a1\u76c8\u9918\uff1a2024 (A) 9.39\u30012025 (A) 7.74\u30012025 Q2 2.52\u30012025 Q3 1.27\u30012025 Q4 1.93\u30012026 Q1 1.10\u30012026 Q2 2.74\u3002\"]},{\"title\":\"\u57fa\u790e\u8ca1\u52d9\u8cc7\u8a0a\uff0d\u904e\u53bb\u4e94\u5b63\",\"header\":[\"\u65b0\u53f0\u5e63 (\u767e\u842c\u5143)\",\"2025 Q2\",\"2025 Q3\",\"2025 Q4\",\"2026 Q1\",\"2026 Q2\"],\"rows\":[[\"\u71df\u696d\u6536\u5165\",\"5,672\",\"4,800\",\"4,750\",\"4,846\",\"6,574\"],[\"\u71df\u696d\u6bdb\u5229\",\"881\",\"777\",\"753\",\"759\",\"933\"],[\"\u71df\u696d\u5229\u76ca\",\"195\",\"118\",\"176\",\"126\",\"216\"],[\"\u7a05\u5f8c\u6de8\u5229\",\"346\",\"174\",\"265\",\"151\",\"375\"],[\"\u6bcf\u80a1\u76c8\u9918(\u5143)\uff0d\u7a00\u91cb\",\"2.52\",\"1.27\",\"1.93\",\"1.10\",\"2.74\"]],\"notes\":[]},{\"title\":\"\u95dc\u9375\u8ca1\u52d9\u6307\u6a19\",\"header\":[\"\",\"2025 Q2\",\"2025 Q3\",\"2025 Q4\",\"2026 Q1\",\"2026 Q2\"],\"rows\":[[\"\u7372\u5229\u80fd\u529b\",\"\",\"\",\"\",\"\",\"\"],[\"\u6bdb\u5229\u7387\",\"15.5%\",\"16.2%\",\"15.9%\",\"15.7%\",\"14.2%\"],[\"\u6de8\u5229\u7387\",\"6.1%\",\"3.6%\",\"5.6%\",\"3.1%\",\"5.7%\"],[\"\u6bdb\u5229\u00f7\u7e3d\u8cc7\u7522*\",\"16.4%\",\"14.7%\",\"13.8%\",\"13.5%\",\"16.2%\"],[\"ROCE*\",\"19.2%\",\"11.5%\",\"12.9%\",\"9.6%\",\"19.0%\"],[\"\u6210\u9577\u6027\",\"\",\"\",\"\",\"\",\"\"],[\"\u71df\u6536\u5e74\u6210\u9577\u7387\",\"-17.0%\",\"-37.0%\",\"-24.9%\",\"-13.0%\",\"+15.9%\"],[\"\u6de8\u5229\u5e74\u6210\u9577\u7387\",\"-16.4%\",\"-42.3%\",\"-20.9%\",\"-47.5%\",\"+8.0%\"],[\"\u71df\u696d\u73fe\u91d1\u6d41\u5e74\u6210\u9577\u7387\",\"+145.5%\",\"+12.0%\",\"-29.1%\",\"-128.0%\",\"-160.6%\"],[\"\u81ea\u7531\u73fe\u91d1\u6d41\u5e74\u6210\u9577\u7387\",\"+142.5%\",\"+8.5%\",\"-30.2%\",\"-132.1%\",\"-172.6%\"],[\"\u71df\u904b\u8207\u8ca1\u52d9\u97cc\u6027\",\"\",\"\",\"\",\"\",\"\"],[\"\u61c9\u6536\u5e33\u6b3e\u6536\u73fe\u5929\u6578\",\"54.3\",\"60.5\",\"60.5\",\"60.9\",\"53.8\"],[\"\u5e73\u5747\u552e\u8ca8\u5929\u6578\",\"\u2014\",\"\u2014\",\"\u2014\",\"\u2014\",\"\u2014\"],[\"\u61c9\u4ed8\u5e33\u6b3e\u4ed8\u73fe\u5929\u6578\",\"25.1\",\"28.8\",\"30.1\",\"31.9\",\"28.7\"],[\"\u73fe\u91d1\u5faa\u74b0\u9031\u671f\",\"\u2014\",\"\u2014\",\"\u2014\",\"\u2014\",\"\u2014\"],[\"\u6d41\u52d5\u6bd4\u7387\",\"1.62\",\"1.66\",\"1.69\",\"1.62\",\"1.58\"],[\"\u901f\u52d5\u6bd4\u7387\",\"1.62\",\"1.66\",\"1.69\",\"1.62\",\"1.58\"]],\"notes\":[]}]","ifam_fin_note":"<p>2026 \u5e74\u4e0a\u534a\u5e74\u5408\u4f75\u71df\u6536 114.20 \u5104\u5143\u3001\u5e74\u589e 1.6%\uff0c\u6bdb\u5229\u7387 14.8%\uff08\u53bb\u5e74\u540c\u671f 16.0%\uff09\u3001\u71df\u696d\u5229\u76ca\u7387 3.0%\uff08\u53bb\u5e74\u540c\u671f 4.1%\uff09\u3001\u6bcf\u80a1\u76c8\u9918\uff08\u7a00\u91cb\uff093.84 \u5143\uff08\u53bb\u5e74\u540c\u671f 4.54 \u5143\uff09\u3002<\/p>\n<p><strong>\u71df\u6536\u5c0f\u5e45\u6210\u9577\uff0c\u6bdb\u5229\u7387\u8207\u6bcf\u80a1\u76c8\u9918\u4e0b\u964d\u3002<\/strong> \u7a7a\u904b\u627f\u652c\u6536\u5165\u5e74\u589e 20.4%\u3001\u6d77\u904b\u627f\u652c\u5e74\u6e1b 3.6%\uff1b\u71df\u696d\u5229\u76ca 3.42 \u5104\u5143\uff08\u53bb\u5e74\u540c\u671f 4.56 \u5104\u5143\uff09\u3002<\/p>\n<p><strong>\u696d\u5916\u65b9\u9762<\/strong>\uff0c\u71df\u696d\u5916\u6536\u652f\u5408\u8a08 3.14 \u5104\u5143\uff08\u53bb\u5e74\u540c\u671f 3.76 \u5104\u5143\uff09\uff1a\u5229\u606f\u6536\u5165 2.00 \u5104\u5143\u3001\u5176\u4ed6\u6536\u5165 1.70 \u5104\u5143\uff08\u53bb\u5e74\u540c\u671f 2.79 \u5104\u5143\uff09\u3001\u8ca1\u52d9\u6210\u672c 0.91 \u5104\u5143\u3001\u5176\u4ed6\u5229\u76ca\u53ca\u640d\u5931 0.27 \u5104\u5143\uff08\u53bb\u5e74\u540c\u671f \u22120.30 \u5104\u5143\uff09\uff0c\u5176\u4e2d\u5916\u5e63\u514c\u63db\u640d\u5931 0.63 \u5104\u5143\u3001\u91d1\u878d\u8cc7\u7522\u8a55\u50f9\u5229\u76ca 0.72 \u5104\u5143\u3002<\/p>\n<p><strong>\u9010\u5b63\u89c0\u5bdf\u3002<\/strong> 2025 \u5e74\u7b2c 2 \u5b63\u71df\u6536 56.72 \u5104\u5143\u3001\u6bdb\u5229\u7387 15.5%\u3001\u6bcf\u80a1\u76c8\u9918 2.52 \u5143\uff1b\u7b2c 3 \u5b63\u71df\u6536 48.00 \u5104\u5143\u3001\u6bdb\u5229\u7387 16.2%\u3001\u6bcf\u80a1\u76c8\u9918 1.27 \u5143\uff1b\u7b2c 4 \u5b63\u71df\u6536 47.50 \u5104\u5143\u3001\u6bdb\u5229\u7387 15.9%\uff1b2026 \u5e74\u7b2c 1 \u5b63\u71df\u6536 48.46 \u5104\u5143\u3001\u6bdb\u5229\u7387 15.7%\u3001\u6bcf\u80a1\u76c8\u9918 1.10 \u5143\uff1b\u7b2c 2 \u5b63\u71df\u6536 65.74 \u5104\u5143\u3001\u6bdb\u5229\u7387 14.2%\u3001\u6bcf\u80a1\u76c8\u9918 2.74 \u5143\u3002<\/p>\n<p><strong>\u7b2c 3 \u5b63\u71df\u6536\u660e\u986f\u6210\u9577\u3002<\/strong> 2026 \u5e74\u524d 9 \u500b\u6708\u7d2f\u8a08\u71df\u6536 201.39 \u5104\u5143\u3001\u5e74\u589e 25.5%\uff1b\u7b2c 3 \u5b63\u55ae\u5b63 87.19 \u5104\u5143\uff08\u5e74\u589e 81.7%\uff09\uff0c7 \u6708\u81f3 9 \u6708\u55ae\u6708\u5e74\u589e\u7387\u70ba +62.8%\u3001+85.5%\u3001+99.2%\u3002<\/p>\n<p>\u8a3b\uff1a\u57fa\u672c\u8207\u7a00\u91cb\u6bcf\u80a1\u76c8\u9918\u76f8\u540c\u6216\u63a5\u8fd1\uff0c\u8868\u5217\u70ba\u7a00\u91cb\u3002\u7a05\u5f8c\u6de8\u5229\u63a1\u6b78\u5c6c\u6bcd\u516c\u53f8\u696d\u4e3b\u6de8\u5229\u3002<\/p>\n","ifam_metrics_note":"","ifam_price":"{\"symbol\":\"2636\",\"name\":\"\u53f0\u9a4a\u63a7\u80a1\",\"updated\":\"2026-11-13\",\"source\":\"\u516c\u53f8\u8cc7\u6599\u5eab stock_clean.taiwan_stock_ta_indicators\uff1a\u8d70\u52e2\u5716\u7528 adj_close\uff08\u9084\u539f\u80a1\u50f9\uff09\uff0c\u50f9\u91cf\u5361\u7528\u7576\u65e5\u672a\u9084\u539f\u7684\u6536\u76e4\uff0f\u958b\u9ad8\u4f4e\u8207\u6210\u4ea4\u91cf\",\"latest\":{\"date\":\"2026-11-13\",\"close\":71,\"open\":70.6,\"high\":71.3,\"low\":70.4,\"prev_close\":70.6,\"change\":0.4,\"change_pct\":0.57,\"range\":0.9,\"amount\":\"2,460 \u842c\u5143\",\"volume\":347,\"avg_volume_3m\":595,\"market_cap\":\"100.7 \u5104\u5143\",\"shares\":\"1.42 \u5104\u80a1\"},\"annual\":[{\"year\":2026,\"pct\":14.3,\"ytd\":true},{\"year\":2025,\"pct\":-12.59},{\"year\":2024,\"pct\":-1.62},{\"year\":2023,\"pct\":36.11},{\"year\":2022,\"pct\":-38.29},{\"year\":2021,\"pct\":238.28},{\"year\":2020,\"pct\":78.04},{\"year\":2019,\"pct\":7.92},{\"year\":2018,\"pct\":12.45},{\"year\":2017,\"pct\":8.66}],\"series\":[[\"2025-11-13\",62.67],[\"2025-11-14\",62.39],[\"2025-11-17\",61.47],[\"2025-11-18\",60.73],[\"2025-11-19\",60.45],[\"2025-11-20\",61],[\"2025-11-21\",60.45],[\"2025-11-24\",60.73],[\"2025-11-25\",60.82],[\"2025-11-26\",62.39],[\"2025-11-27\",61.93],[\"2025-11-28\",62.12],[\"2025-12-01\",61.75],[\"2025-12-02\",61.84],[\"2025-12-03\",61.84],[\"2025-12-04\",62.67],[\"2025-12-05\",61.93],[\"2025-12-08\",61.28],[\"2025-12-09\",60.36],[\"2025-12-10\",59.98],[\"2025-12-11\",59.98],[\"2025-12-12\",60.08],[\"2025-12-15\",60.45],[\"2025-12-16\",60.26],[\"2025-12-17\",60.26],[\"2025-12-18\",60.36],[\"2025-12-19\",60.91],[\"2025-12-22\",61.19],[\"2025-12-23\",61.47],[\"2025-12-24\",61.75],[\"2025-12-26\",61.75],[\"2025-12-29\",62.12],[\"2025-12-30\",62.12],[\"2025-12-31\",62.12],[\"2026-01-02\",62.21],[\"2026-01-05\",61.19],[\"2026-01-06\",61.47],[\"2026-01-07\",62.12],[\"2026-01-08\",62.49],[\"2026-01-09\",62.21],[\"2026-01-12\",61.93],[\"2026-01-13\",61.56],[\"2026-01-14\",62.02],[\"2026-01-15\",62.21],[\"2026-01-16\",61.37],[\"2026-01-19\",61.37],[\"2026-01-20\",62.21],[\"2026-01-21\",62.21],[\"2026-01-22\",63.23],[\"2026-01-23\",62.58],[\"2026-01-26\",62.02],[\"2026-01-27\",61.56],[\"2026-01-28\",61.56],[\"2026-01-29\",61],[\"2026-01-30\",60.17],[\"2026-02-02\",60.26],[\"2026-02-03\",60.26],[\"2026-02-04\",60.54],[\"2026-02-05\",60.91],[\"2026-02-06\",60.45],[\"2026-02-09\",59.71],[\"2026-02-10\",59.43],[\"2026-02-11\",59.43],[\"2026-02-23\",60.08],[\"2026-02-24\",60.08],[\"2026-02-25\",59.52],[\"2026-02-26\",59.61],[\"2026-03-02\",61.56],[\"2026-03-03\",63.14],[\"2026-03-04\",60.45],[\"2026-03-05\",61],[\"2026-03-06\",60.73],[\"2026-03-09\",59.43],[\"2026-03-10\",58.87],[\"2026-03-11\",62.67],[\"2026-03-12\",64.34],[\"2026-03-13\",63.97],[\"2026-03-16\",65.83],[\"2026-03-17\",65.27],[\"2026-03-18\",65.45],[\"2026-03-19\",65.45],[\"2026-03-20\",64.06],[\"2026-03-23\",63.32],[\"2026-03-24\",63.23],[\"2026-03-25\",63.79],[\"2026-03-26\",63.32],[\"2026-03-27\",63.88],[\"2026-03-30\",64.06],[\"2026-03-31\",63.04],[\"2026-04-01\",64.16],[\"2026-04-02\",63.88],[\"2026-04-07\",63.69],[\"2026-04-08\",62.86],[\"2026-04-09\",63.04],[\"2026-04-10\",63.14],[\"2026-04-13\",62.86],[\"2026-04-14\",62.95],[\"2026-04-15\",63.32],[\"2026-04-16\",63.23],[\"2026-04-17\",62.77],[\"2026-04-20\",63.04],[\"2026-04-21\",63.32],[\"2026-04-22\",63.04],[\"2026-04-23\",62.49],[\"2026-04-24\",62.21],[\"2026-04-27\",61.75],[\"2026-04-28\",61.93],[\"2026-04-29\",62.21],[\"2026-04-30\",62.21],[\"2026-05-04\",62.67],[\"2026-05-05\",62.77],[\"2026-05-06\",63.04],[\"2026-05-07\",63.14],[\"2026-05-08\",62.77],[\"2026-05-11\",63.51],[\"2026-05-12\",63.14],[\"2026-05-13\",62.67],[\"2026-05-14\",62.77],[\"2026-05-15\",60.54],[\"2026-05-18\",59.89],[\"2026-05-19\",59.61],[\"2026-05-20\",60.08],[\"2026-05-21\",60.73],[\"2026-05-22\",62.3],[\"2026-05-25\",62.21],[\"2026-05-26\",62.12],[\"2026-05-27\",62.02],[\"2026-05-28\",62.21],[\"2026-05-29\",62.77],[\"2026-06-01\",64.71],[\"2026-06-02\",64.71],[\"2026-06-03\",64.99],[\"2026-06-04\",65.27],[\"2026-06-05\",65.55],[\"2026-06-08\",64.62],[\"2026-06-09\",65.27],[\"2026-06-10\",65.18],[\"2026-06-11\",65.64],[\"2026-06-12\",66.01],[\"2026-06-15\",65.92],[\"2026-06-16\",65.36],[\"2026-06-17\",65.36],[\"2026-06-18\",65.08],[\"2026-06-22\",65.55],[\"2026-06-23\",64.9],[\"2026-06-24\",64.43],[\"2026-06-25\",64.81],[\"2026-06-26\",63.23],[\"2026-06-29\",63.88],[\"2026-06-30\",64.99],[\"2026-07-01\",64.71],[\"2026-07-02\",65.08],[\"2026-07-03\",66.1],[\"2026-07-06\",66.47],[\"2026-07-07\",65.55],[\"2026-07-08\",65.64],[\"2026-07-09\",65.36],[\"2026-07-13\",64.62],[\"2026-07-14\",63.6],[\"2026-07-15\",64.3],[\"2026-07-16\",64.1],[\"2026-07-17\",62.5],[\"2026-07-20\",63],[\"2026-07-21\",65],[\"2026-07-22\",65.8],[\"2026-07-23\",65.6],[\"2026-07-24\",65.7],[\"2026-07-27\",65.9],[\"2026-07-28\",65.9],[\"2026-07-29\",65.6],[\"2026-07-30\",65.2],[\"2026-07-31\",66.3],[\"2026-08-03\",66.1],[\"2026-08-04\",65.6],[\"2026-08-05\",64.5],[\"2026-08-06\",64.8],[\"2026-08-07\",65.2],[\"2026-08-10\",65.8],[\"2026-08-11\",68.1],[\"2026-08-12\",67.6],[\"2026-08-13\",67.5],[\"2026-08-14\",67.5],[\"2026-08-17\",69.6],[\"2026-08-18\",69.6],[\"2026-08-19\",71.3],[\"2026-08-20\",71.2],[\"2026-08-21\",73.3],[\"2026-08-24\",74.6],[\"2026-08-25\",74.3],[\"2026-08-26\",69.9],[\"2026-08-27\",69.5],[\"2026-08-28\",68.9],[\"2026-08-31\",68.8],[\"2026-09-01\",69.6],[\"2026-09-02\",69.4],[\"2026-09-03\",69.5],[\"2026-09-04\",69.4],[\"2026-09-07\",69.5],[\"2026-09-08\",68.7],[\"2026-09-09\",69.2],[\"2026-09-10\",70.9],[\"2026-09-11\",71.2],[\"2026-09-14\",69.7],[\"2026-09-15\",69.2],[\"2026-09-16\",70.2],[\"2026-09-17\",70.9],[\"2026-09-18\",71.2],[\"2026-09-21\",70.5],[\"2026-09-22\",70.7],[\"2026-09-23\",70.8],[\"2026-09-24\",71.9],[\"2026-09-29\",70.4],[\"2026-09-30\",71.7],[\"2026-10-01\",70.7],[\"2026-10-02\",70.8],[\"2026-10-05\",70.2],[\"2026-10-06\",70.1],[\"2026-10-07\",70.1],[\"2026-10-08\",70.1],[\"2026-10-12\",72.5],[\"2026-10-13\",73],[\"2026-10-14\",73.6],[\"2026-10-15\",72.5],[\"2026-10-16\",72.4],[\"2026-10-19\",71],[\"2026-10-20\",70.8],[\"2026-10-21\",70.6],[\"2026-10-22\",70.3],[\"2026-10-27\",71.1],[\"2026-10-28\",71.2],[\"2026-10-29\",70.5],[\"2026-10-30\",71.1],[\"2026-11-02\",70.7],[\"2026-11-03\",69.1],[\"2026-11-04\",68.9],[\"2026-11-05\",68.6],[\"2026-11-06\",66.4],[\"2026-11-09\",67.4],[\"2026-11-10\",69.3],[\"2026-11-11\",70],[\"2026-11-12\",70.6],[\"2026-11-13\",71]]}","ifam_pe_river":"{\"symbol\":\"2636\",\"source\":\"info.ifa.ai \u5e02\u5834\u8a55\u50f9\uff08\u672c\u76ca\u6bd4\u6cb3\u6d41\u5716\uff09\",\"sourceUrl\":\"https:\/\/info.ifa.ai\/tw-stock\/2636\/market-evaluation?indicator=channel%2F65f156d8f5ebd92955ad793b\",\"scrapedAt\":\"2026-11-13\",\"adjusted\":false,\"dates\":[\"2025-11-14\",\"2025-11-21\",\"2025-11-28\",\"2025-12-05\",\"2025-12-12\",\"2025-12-19\",\"2025-12-26\",\"2025-12-31\",\"2026-01-02\",\"2026-01-09\",\"2026-01-16\",\"2026-01-23\",\"2026-01-30\",\"2026-02-06\",\"2026-02-11\",\"2026-02-26\",\"2026-03-06\",\"2026-03-13\",\"2026-03-20\",\"2026-03-27\",\"2026-04-02\",\"2026-04-10\",\"2026-04-17\",\"2026-04-24\",\"2026-04-30\",\"2026-05-08\",\"2026-05-15\",\"2026-05-22\",\"2026-05-29\",\"2026-06-05\",\"2026-06-12\",\"2026-06-18\",\"2026-06-26\",\"2026-07-03\",\"2026-07-09\",\"2026-07-17\",\"2026-07-24\",\"2026-07-31\",\"2026-08-07\",\"2026-08-14\",\"2026-08-21\",\"2026-08-28\",\"2026-09-04\",\"2026-09-11\",\"2026-09-18\",\"2026-09-24\",\"2026-10-02\",\"2026-10-08\",\"2026-10-16\",\"2026-10-22\",\"2026-10-30\",\"2026-11-06\",\"2026-11-12\"],\"bands\":[{\"label\":\"2X\",\"values\":[16.18,16.18,16.18,16.18,16.18,16.18,16.18,16.18,15.18,15.18,15.18,15.18,15.18,15.18,15.18,15.18,15.18,15.18,15.18,15.18,13.28,13.28,13.28,13.28,13.28,13.28,13.28,13.28,13.28,13.28,13.28,13.28,13.28,13.67,13.67,13.67,13.67,13.67,13.67,13.67,13.67,13.67,13.67,13.67,13.67,13.67,13.67,13.67,13.67,13.67,13.67,13.67,13.67]},{\"label\":\"3.8X\",\"values\":[30.74,30.74,30.74,30.74,30.74,30.74,30.74,30.74,28.84,28.84,28.84,28.84,28.84,28.84,28.84,28.84,28.84,28.84,28.84,28.84,25.24,25.24,25.24,25.24,25.24,25.24,25.24,25.24,25.24,25.24,25.24,25.24,25.24,25.97,25.97,25.97,25.97,25.97,25.97,25.97,25.97,25.97,25.97,25.97,25.97,25.97,25.97,25.97,25.97,25.97,25.97,25.97,25.97]},{\"label\":\"5.6X\",\"values\":[45.3,45.3,45.3,45.3,45.3,45.3,45.3,45.3,42.5,42.5,42.5,42.5,42.5,42.5,42.5,42.5,42.5,42.5,42.5,42.5,37.19,37.19,37.19,37.19,37.19,37.19,37.19,37.19,37.19,37.19,37.19,37.19,37.19,38.28,38.28,38.28,38.28,38.28,38.28,38.28,38.28,38.28,38.28,38.28,38.28,38.28,38.28,38.28,38.28,38.28,38.28,38.28,38.28]},{\"label\":\"7.4X\",\"values\":[59.87,59.87,59.87,59.87,59.87,59.87,59.87,59.87,56.16,56.16,56.16,56.16,56.16,56.16,56.16,56.16,56.16,56.16,56.16,56.16,49.15,49.15,49.15,49.15,49.15,49.15,49.15,49.15,49.15,49.15,49.15,49.15,49.15,50.58,50.58,50.58,50.58,50.58,50.58,50.58,50.58,50.58,50.58,50.58,50.58,50.58,50.58,50.58,50.58,50.58,50.58,50.58,50.58]},{\"label\":\"9.2X\",\"values\":[74.43,74.43,74.43,74.43,74.43,74.43,74.43,74.43,69.82,69.82,69.82,69.82,69.82,69.82,69.82,69.82,69.82,69.82,69.82,69.82,61.1,61.1,61.1,61.1,61.1,61.1,61.1,61.1,61.1,61.1,61.1,61.1,61.1,62.88,62.88,62.88,62.88,62.88,62.88,62.88,62.88,62.88,62.88,62.88,62.88,62.88,62.88,62.88,62.88,62.88,62.88,62.88,62.88]},{\"label\":\"11X\",\"values\":[88.99,88.99,88.99,88.99,88.99,88.99,88.99,88.99,83.48,83.48,83.48,83.48,83.48,83.48,83.48,83.48,83.48,83.48,83.48,83.48,73.05,73.05,73.05,73.05,73.05,73.05,73.05,73.05,73.05,73.05,73.05,73.05,73.05,75.18,75.18,75.18,75.18,75.18,75.18,75.18,75.18,75.18,75.18,75.18,75.18,75.18,75.18,75.18,75.18,75.18,75.18,75.18,75.18]}],\"price\":{\"label\":\"\u80a1\u50f9\",\"values\":[67.3,65.2,67,66.8,64.8,65.7,66.6,67,67.1,67.1,66.2,67.5,64.9,65.2,64.1,64.3,65.5,69,69.1,68.9,68.9,68.1,67.7,67.1,67.1,67.7,65.3,67.2,67.7,70.7,71.2,70.2,68.2,71.3,70.5,62.5,65.7,66.3,65.2,67.5,73.3,68.9,69.4,71.2,71.2,71.9,70.8,70.1,72.4,70.3,71.1,66.4,70.6]}}","ifam_strategy_ytd":"{\"as_of\":\"2026-11-12\",\"bench\":51.19,\"rows\":{\"value:30\":84.04,\"value:15\":78.49,\"garp:30\":98.07,\"garp:15\":86.6,\"momentum:15\":104.91}}","ifam_growth":"","ifam_val_profit":"<p>\u4ee5\u4e0b\u4f9d\u516c\u53f8\u5df2\u516c\u5e03\u7684\u8ca1\u5831\u8207\u6708\u71df\u6536\uff0c\u8aaa\u660e\u53f0\u9a4a\u63a7\u80a1\uff082636\uff09\u7684\u7372\u5229\u8ecc\u8de1\u3002<\/p>\n<p><strong>\u8fd1\u4e09\u5e74\u6bcf\u80a1\u76c8\u9918\u4e0b\u964d\u3002<\/strong> \u5408\u4f75\u71df\u6536 2023 \u5e74 146.21 \u5104\u5143\u30012024 \u5e74 254.46 \u5104\u5143\u30012025 \u5e74 207.94 \u5104\u5143\uff1b\u6bdb\u5229\u7387 20.0% \u2192 15.3% \u2192 16.0%\uff1b\u6bcf\u80a1\u76c8\u9918 10.75 \u2192 9.38 \u2192 7.74 \u5143\uff08\u7a00\u91cb\uff09\uff1b\u71df\u696d\u5229\u76ca 9.04 \u2192 11.11 \u2192 7.49 \u5104\u5143\u3002<\/p>\n<p><strong>2026 \u5e74\u4e0a\u534a\u5e74\u6bcf\u80a1\u76c8\u9918\u4e0b\u964d\u3002<\/strong> \u5408\u4f75\u71df\u6536 114.20 \u5104\u5143\u3001\u5e74\u589e 1.6%\uff1b\u6bcf\u80a1\u76c8\u9918\uff08\u7a00\u91cb\uff093.84 \u5143\uff08\u53bb\u5e74\u540c\u671f 4.54 \u5143\uff09\uff0c\u7b2c 1 \u5b63 1.10 \u5143\u3001\u7b2c 2 \u5b63 2.74 \u5143\u3002<\/p>\n<p><strong>\u7b2c 3 \u5b63\u71df\u6536\u660e\u986f\u6210\u9577\u3002<\/strong> 2026 \u5e74\u524d 9 \u500b\u6708\u7d2f\u8a08\u71df\u6536 201.39 \u5104\u5143\u3001\u5e74\u589e 25.5%\uff1b\u7b2c 3 \u5b63\u55ae\u5b63 87.19 \u5104\u5143\uff08\u5e74\u589e 81.7%\uff09\uff0c7 \u6708\u81f3 9 \u6708\u55ae\u6708\u5e74\u589e\u7387\u70ba +62.8%\u3001+85.5%\u3001+99.2%\u3002<\/p>\n<p><strong>\u5f8c\u7e8c\u7684\u9a57\u8b49\u9ede\u70ba\u6bdb\u5229\u91d1\u984d\u3002<\/strong> 7 \u6708\u81f3 9 \u6708\u55ae\u6708\u71df\u6536\u5e74\u589e\u516d\u6210\u4ee5\u4e0a\uff1b\u71df\u6536\u653e\u5927\u6642\u90e8\u9580\u6bdb\u5229\u91d1\u984d\u80fd\u5426\u540c\u6b65\u589e\u52a0\uff0c\u662f\u5224\u65b7\u7372\u5229\u56de\u5347\u7684\u4f9d\u64da\u3002<\/p>\n","ifam_val_multiple":"","ifam_strategy_on":"","ifam_trades":"","ifam_valuation":"{\"matrix\":{\"corner\":\"\",\"title\":\"\",\"note\":\"\",\"columns\":[{\"order\":1,\"year\":\"2025(A)\",\"eps\":7.7,\"label\":\"2025(A)\uff1a7.7 \u5143\"}],\"rows\":[{\"order\":1,\"pe\":71,\"peLabel\":\"71 \u5143\",\"desc\":\"2026-11-13\",\"cells\":[{\"order\":1,\"price\":9.220779220779221,\"text\":\"9.2 \u500d\",\"hl\":false}]}]}}","ifam_val_range":"<p>\u76ee\u524d\u53f0\u9a4a\u63a7\u80a1\u80a1\u50f9\u7d04\u5728 65\u201375 \u5143\uff082026\/11\/13 \u6536\u76e4\u50f9 71 \u5143\uff09\uff0c\u7d04\u70ba 2025(A) EPS 7.7 \u5143\u7684 9 \u500d\u3002\u82e5\u4ee5 2026 \u5e74\u4e0a\u534a\u5e74\u6bcf\u80a1\u76c8\u9918 3.84 \u5143\u5e74\u5316\u5f8c\u7684 7.68 \u5143\u8a08\u7b97\uff0c\u7d04\u70ba 9 \u500d\u3002\u8a3b\uff1a2026 \u5e74\u4e0a\u534a\u5e74\u6bcf\u80a1\u76c8\u9918\uff08\u7a00\u91cb\uff093.84 \u5143\uff08\u53bb\u5e74\u540c\u671f 4.54 \u5143\uff09\u30022026 \u5e74\u524d 9 \u500b\u6708\u7d2f\u8a08\u71df\u6536\u5e74\u589e 25.5%\u3002<\/p>\n","footnotes":""},"categories":[8],"tags":[],"ifam_industry":[21],"ifam_strategy":[],"class_list":["post-1265","post","type-post","status-publish","format-standard","hentry","category-stock","ifam_industry-shipping"],"_links":{"self":[{"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/posts\/1265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/comments?post=1265"}],"version-history":[{"count":1,"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/posts\/1265\/revisions"}],"predecessor-version":[{"id":1646,"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/posts\/1265\/revisions\/1646"}],"wp:attachment":[{"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/media?parent=1265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/categories?post=1265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/tags?post=1265"},{"taxonomy":"ifam_industry","embeddable":true,"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/ifam_industry?post=1265"},{"taxonomy":"ifam_strategy","embeddable":true,"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/ifam_strategy?post=1265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}