{"id":1275,"date":"2026-11-06T09:20:58","date_gmt":"2026-11-06T01:20:58","guid":{"rendered":"https:\/\/ifa.ai\/research\/7765tt\/"},"modified":"2026-11-13T22:06:27","modified_gmt":"2026-11-13T14:06:27","slug":"7765tt","status":"publish","type":"post","link":"https:\/\/ifa.ai\/research\/7765tt\/","title":{"rendered":"[\u4e2d\u83ef\u8cc7\u5b89 (7765)] \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\u4e2d\u83ef\u8cc7\u5b89"},"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":"7765","ifam_company":"\u4e2d\u83ef\u8cc7\u5b89","ifam_market":"\u53f0\u80a1","ifam_updated_at":"","ifam_business":"<p><strong>\u4e2d\u83ef\u8cc7\u5b89\uff087765\uff09\u7684\u71df\u6536\u4f86\u81ea\u8cc7\u5b89\u670d\u52d9\u8207\u5546\u54c1\uff1a\u4e3b\u8981\u63d0\u4f9b\u8cc7\u5b89\u5c08\u696d\u670d\u52d9\u3001\u4e0a\u7db2\u8cc7\u5b89\u670d\u52d9\u8207\u8cc7\u5b89\u5546\u54c1\u92b7\u552e\u3002<\/strong> \u516c\u53f8 2017 \u5e74 12 \u6708\u8a2d\u7acb\u30012025 \u5e74 9 \u6708\u4e0a\u5e02\uff0c\u7522\u696d\u985e\u5225\u70ba\u6578\u4f4d\u96f2\u7aef\uff0c\u5be6\u6536\u8cc7\u672c\u984d 4.07 \u5104\u5143\uff1b\u6bcd\u516c\u53f8\u4e2d\u83ef\u96fb\u4fe1\u6301\u80a1 56.68%\u3002<\/p>\n<p><strong>\u71df\u6536\u4ee5\u52de\u52d9\u70ba\u4e3b\uff0c\u5546\u54c1\u6bd4\u91cd\u4e0a\u5347\u3002<\/strong> 2026 \u5e74\u4e0a\u534a\u5e74\u71df\u6536 11.82 \u5104\u5143\u4e2d\uff0c\u52de\u52d9\u5360 74.2%\u3001\u5546\u54c1\u92b7\u8ca8 25.8%\uff08\u53bb\u5e74\u540c\u671f 84.0%\uff0f16.0%\uff1b2025 \u5e74\u5168\u5e74 83.3%\uff0f16.7%\uff09\u30022025 \u5e74\u6700\u5927\u5ba2\u6236\u5360\u71df\u6536 17%\uff082024 \u5e74 25%\uff09\u3002<\/p>\n<p><strong>\u26a0 \u8a55\u4f30\u672c\u6a94\u6642\u61c9\u512a\u5148\u7559\u610f\u7684\u662f\u6536\u5165\u7d44\u5408\u5c0d\u6bdb\u5229\u7387\u7684\u5f71\u97ff\u3002<\/strong> \u5546\u54c1\u92b7\u8ca8\u6536\u5165\u5e74\u589e 94.5%\uff0c2026 \u5e74\u7b2c 1 \u5b63\u6bdb\u5229\u7387 49.0%\u3001\u7b2c 2 \u5b63 42.8%\uff0c\u6bcf\u80a1\u76c8\u9918\u6210\u9577\u4f4e\u65bc\u71df\u6536\u6210\u9577\u3002<\/p>\n<p><strong>\u8fd1\u4e09\u5e74\u7684\u898f\u6a21\u8207\u7372\u5229<\/strong>\uff1a\u5408\u4f75\u71df\u6536 2023 \u5e74 16.96 \u5104\u5143\u30012024 \u5e74 19.74 \u5104\u5143\u30012025 \u5e74 20.46 \u5104\u5143\uff1b\u6bdb\u5229\u7387 38.9% \u2192 43.9% \u2192 46.9%\uff1b\u6bcf\u80a1\u76c8\u9918 7.57 \u2192 10.24 \u2192 11.44 \u5143\uff08\u7a00\u91cb\uff09\u3002\u516c\u53f8 2025 \u5e74\u4e0a\u5e02\u524d\u5f8c\u80a1\u6578\u589e\u52a0\uff0c2023 \u5e74\u6bcf\u80a1\u76c8\u9918\u4ee5\u7576\u6642\u80a1\u6578\u8a08\u7b97\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\u5ba2\u6236\u5408\u7d04\u6536\u5165\u4e4b\u985e\u578b\uff08\u5360\u71df\u6536\uff09\",\"\",\"\",\"\",\"\"],[\"\u52de\u52d9\",\"83.3%\",\"84.0%\",\"82.7%\",\"74.2%\"],[\"\u5546\u54c1\u92b7\u8ca8\",\"16.7%\",\"16.0%\",\"17.3%\",\"25.8%\"],[\"\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\"],\"rows\":[[\"1~10\u6708\u7d2f\u8a08\",\"1,935\",\"1,614\"],[\"12\u6708\",\"\uff0d\",\"253\"],[\"11\u6708\",\"\uff0d\",\"179\"],[\"10\u6708\",\"191\",\"145\"],[\"9\u6708\",\"205\",\"156\"],[\"8\u6708\",\"147\",\"142\"],[\"7\u6708\",\"210\",\"192\"],[\"6\u6708\",\"188\",\"\uff0d\"],[\"5\u6708\",\"150\",\"\uff0d\"],[\"4\u6708\",\"246\",\"\uff0d\"],[\"3\u6708\",\"223\",\"\uff0d\"],[\"2\u6708\",\"151\",\"\uff0d\"],[\"1\u6708\",\"223\",\"\uff0d\"]]},{\"key\":\"quarter\",\"label\":\"\u5b63\u71df\u6536\",\"head\":[\"\u65b0\u53f0\u5e63 (\u767e\u842c\u5143)\",\"2026Q3\",\"2026Q2\",\"2026Q1\",\"2025Q4\",\"2025Q3\"],\"rows\":[[\"\u71df\u6536\",\"562\",\"584\",\"598\",\"576\",\"490\"],[\"\u5e74\u589e\u7387\",\"+14.6%\",\"+26.2%\",\"+15.8%\",\"-12.0%\",\"+6.0%\"],[\"\u5b63\u589e\u7387\",\"-3.8%\",\"-2.2%\",\"+3.7%\",\"+17.6%\",\"+5.9%\"]]},{\"key\":\"half\",\"label\":\"\u534a\u5e74\u71df\u6536\",\"head\":[\"\u65b0\u53f0\u5e63 (\u767e\u842c\u5143)\",\"2026H1\",\"2025H2\"],\"rows\":[[\"\u71df\u6536\",\"1,182\",\"1,067\"],[\"\u5e74\u589e\u7387\",\"+20.7%\",\"-4.6%\"],[\"\u534a\u5e74\u589e\u7387\",\"+10.8%\",\"+8.9%\"]]},{\"key\":\"year\",\"label\":\"\u5e74\u71df\u6536\",\"head\":[\"\u65b0\u53f0\u5e63 (\u767e\u842c\u5143)\",\"2026 (1~10\u6708)\",\"2025\",\"2024\"],\"rows\":[[\"\u71df\u6536\",\"1,935\",\"2,046\",\"1,974\"],[\"\u5e74\u589e\u7387\",\"+19.9%\",\"+3.6%\",\"+16.3%\"]]}]}","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 Q3\u3002\",\"default\":1,\"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\",\"576\",\"655\",\"\uff0d\",\"\uff0d\"],[\"\u71df\u696d\u6bdb\u5229\",\"\uff0d\",\"279\",\"274\",\"\uff0d\",\"\uff0d\"],[\"\u71df\u696d\u5229\u76ca\",\"\uff0d\",\"142\",\"138\",\"\uff0d\",\"\uff0d\"],[\"\u7a05\u5f8c\u6de8\u5229\",\"\uff0d\",\"120\",\"114\",\"\uff0d\",\"\uff0d\"],[\"\u6bcf\u80a1\u76c8\u9918(\u5143)\uff0d\u7a00\u91cb\",\"\uff0d\",\"2.94\",\"3.08\",\"\uff0d\",\"\uff0d\"],[\"\u6bdb\u5229\u7387\",\"\uff0d\",\"48.4%\",\"41.9%\",\"\uff0d\",\"\uff0d\"],[\"\u71df\u696d\u5229\u76ca\u7387\",\"\uff0d\",\"24.7%\",\"21.1%\",\"\uff0d\",\"\uff0d\"],[\"\u6de8\u5229\u7387\",\"\uff0d\",\"20.8%\",\"17.4%\",\"\uff0d\",\"\uff0d\"]]},{\"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\",\"2,046\",\"1,974\",\"1,696\",\"1,412\"],[\"\u71df\u696d\u6bdb\u5229\",\"\uff0d\",\"960\",\"866\",\"660\",\"519\"],[\"\u71df\u696d\u5229\u76ca\",\"\uff0d\",\"530\",\"465\",\"343\",\"258\"],[\"\u7a05\u5f8c\u6de8\u5229\",\"\uff0d\",\"437\",\"379\",\"270\",\"201\"],[\"\u6bcf\u80a1\u76c8\u9918(\u5143)\uff0d\u7a00\u91cb\",\"\uff0d\",\"11.44\",\"10.24\",\"7.57\",\"6.00\"],[\"\u6bdb\u5229\u7387\",\"\uff0d\",\"46.9%\",\"43.9%\",\"38.9%\",\"36.8%\"],[\"\u71df\u696d\u5229\u76ca\u7387\",\"\uff0d\",\"25.9%\",\"23.6%\",\"20.2%\",\"18.3%\"],[\"\u6de8\u5229\u7387\",\"\uff0d\",\"21.4%\",\"19.2%\",\"15.9%\",\"14.3%\"]]}]},{\"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\",\"562\",\"490\",\"463\",\"\uff0d\",\"\uff0d\"],[\"\u71df\u696d\u6bdb\u5229\",\"243\",\"219\",\"185\",\"\uff0d\",\"\uff0d\"],[\"\u71df\u696d\u5229\u76ca\",\"122\",\"118\",\"88\",\"\uff0d\",\"\uff0d\"],[\"\u7a05\u5f8c\u6de8\u5229\",\"105\",\"96\",\"72\",\"\uff0d\",\"\uff0d\"],[\"\u6bcf\u80a1\u76c8\u9918(\u5143)\uff0d\u7a00\u91cb\",\"2.59\",\"2.52\",\"1.94\",\"\uff0d\",\"\uff0d\"],[\"\u6bdb\u5229\u7387\",\"43.2%\",\"44.6%\",\"40.1%\",\"\uff0d\",\"\uff0d\"],[\"\u71df\u696d\u5229\u76ca\u7387\",\"21.7%\",\"24.0%\",\"19.0%\",\"\uff0d\",\"\uff0d\"],[\"\u6de8\u5229\u7387\",\"18.8%\",\"19.6%\",\"15.6%\",\"\uff0d\",\"\uff0d\"]]},{\"title\":\"\u7d2f\u7a4d\uff081~9\u6708\uff09\",\"head\":[\"\u65b0\u53f0\u5e63 (\u767e\u842c\u5143)\",\"2026\",\"2025\",\"2024\",\"2023\",\"2022\"],\"rows\":[[\"\u71df\u696d\u6536\u5165\",\"1,744\",\"1,469\",\"1,318\",\"\uff0d\",\"\uff0d\"],[\"\u71df\u696d\u6bdb\u5229\",\"786\",\"682\",\"591\",\"\uff0d\",\"\uff0d\"],[\"\u71df\u696d\u5229\u76ca\",\"414\",\"388\",\"326\",\"\uff0d\",\"\uff0d\"],[\"\u7a05\u5f8c\u6de8\u5229\",\"356\",\"317\",\"265\",\"\uff0d\",\"\uff0d\"],[\"\u6bcf\u80a1\u76c8\u9918(\u5143)\uff0d\u7a00\u91cb\",\"8.72\",\"8.50\",\"7.16\",\"\uff0d\",\"\uff0d\"],[\"\u6bdb\u5229\u7387\",\"45.1%\",\"46.4%\",\"44.8%\",\"\uff0d\",\"\uff0d\"],[\"\u71df\u696d\u5229\u76ca\u7387\",\"23.7%\",\"26.4%\",\"24.8%\",\"\uff0d\",\"\uff0d\"],[\"\u6de8\u5229\u7387\",\"20.4%\",\"21.6%\",\"20.1%\",\"\uff0d\",\"\uff0d\"]]}]},{\"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\",\"584\",\"463\",\"357\",\"\uff0d\",\"\uff0d\"],[\"\u71df\u696d\u6bdb\u5229\",\"250\",\"216\",\"160\",\"\uff0d\",\"\uff0d\"],[\"\u71df\u696d\u5229\u76ca\",\"127\",\"119\",\"80\",\"\uff0d\",\"\uff0d\"],[\"\u7a05\u5f8c\u6de8\u5229\",\"113\",\"98\",\"66\",\"\uff0d\",\"\uff0d\"],[\"\u6bcf\u80a1\u76c8\u9918(\u5143)\uff0d\u7a00\u91cb\",\"2.77\",\"2.63\",\"1.76\",\"\uff0d\",\"\uff0d\"],[\"\u6bdb\u5229\u7387\",\"42.8%\",\"46.7%\",\"45.0%\",\"\uff0d\",\"\uff0d\"],[\"\u71df\u696d\u5229\u76ca\u7387\",\"21.8%\",\"25.7%\",\"22.5%\",\"\uff0d\",\"\uff0d\"],[\"\u6de8\u5229\u7387\",\"19.3%\",\"21.1%\",\"18.4%\",\"\uff0d\",\"\uff0d\"]]},{\"title\":\"\u7d2f\u7a4d\uff081~6\u6708\uff09\",\"head\":[\"\u65b0\u53f0\u5e63 (\u767e\u842c\u5143)\",\"2026\",\"2025\",\"2024\",\"2023\",\"2022\"],\"rows\":[[\"\u71df\u696d\u6536\u5165\",\"1,182\",\"979\",\"856\",\"817\",\"\uff0d\"],[\"\u71df\u696d\u6bdb\u5229\",\"543\",\"463\",\"406\",\"312\",\"\uff0d\"],[\"\u71df\u696d\u5229\u76ca\",\"292\",\"270\",\"239\",\"185\",\"\uff0d\"],[\"\u7a05\u5f8c\u6de8\u5229\",\"251\",\"221\",\"193\",\"144\",\"\uff0d\"],[\"\u6bcf\u80a1\u76c8\u9918(\u5143)\uff0d\u7a00\u91cb\",\"6.14\",\"5.99\",\"5.22\",\"4.09\",\"\uff0d\"],[\"\u6bdb\u5229\u7387\",\"46.0%\",\"47.3%\",\"47.4%\",\"38.2%\",\"\uff0d\"],[\"\u71df\u696d\u5229\u76ca\u7387\",\"24.7%\",\"27.6%\",\"27.9%\",\"22.6%\",\"\uff0d\"],[\"\u6de8\u5229\u7387\",\"21.2%\",\"22.6%\",\"22.6%\",\"17.6%\",\"\uff0d\"]]}]},{\"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\",\"598\",\"516\",\"499\",\"\uff0d\",\"\uff0d\"],[\"\u71df\u696d\u6bdb\u5229\",\"293\",\"247\",\"245\",\"\uff0d\",\"\uff0d\"],[\"\u71df\u696d\u5229\u76ca\",\"165\",\"151\",\"158\",\"\uff0d\",\"\uff0d\"],[\"\u7a05\u5f8c\u6de8\u5229\",\"138\",\"123\",\"128\",\"\uff0d\",\"\uff0d\"],[\"\u6bcf\u80a1\u76c8\u9918(\u5143)\uff0d\u7a00\u91cb\",\"3.37\",\"3.37\",\"3.46\",\"\uff0d\",\"\uff0d\"],[\"\u6bdb\u5229\u7387\",\"49.0%\",\"47.8%\",\"49.2%\",\"\uff0d\",\"\uff0d\"],[\"\u71df\u696d\u5229\u76ca\u7387\",\"27.5%\",\"29.3%\",\"31.7%\",\"\uff0d\",\"\uff0d\"],[\"\u6de8\u5229\u7387\",\"23.0%\",\"23.9%\",\"25.6%\",\"\uff0d\",\"\uff0d\"]]}]}]}","ifam_metrics_tabs":"{\"default\":0,\"tabs\":[{\"key\":\"quarter\",\"label\":\"\u5b63\u5ea6\",\"tables\":[{\"title\":\"\u7372\u5229\u80fd\u529b\",\"head\":[\"\",\"2026 Q3\",\"2026 Q2\",\"2026 Q1\",\"2025 Q4\",\"2025 Q3\",\"2025 Q2\",\"2025 Q1\",\"2024 Q4\"],\"rows\":[[\"\u6bdb\u5229\u7387\",\"43.2%\",\"42.8%\",\"49.0%\",\"48.4%\",\"44.6%\",\"46.7%\",\"47.8%\",\"41.9%\"],[\"\u6de8\u5229\u7387\",\"18.8%\",\"19.3%\",\"23.0%\",\"20.8%\",\"19.6%\",\"21.1%\",\"23.9%\",\"17.4%\"],[\"\u6bdb\u5229\u00f7\u7e3d\u8cc7\u7522*\",\"32.9%\",\"33.2%\",\"40.7%\",\"40.8%\",\"39.0%\",\"48.9%\",\"58.5%\",\"71.5%\"],[\"ROCE*\",\"26.2%\",\"26.9%\",\"31.8%\",\"29.2%\",\"33.4%\",\"50.3%\",\"61.0%\",\"64.0%\"]]},{\"title\":\"\u6210\u9577\u6027\",\"head\":[\"\",\"2026 Q3\",\"2026 Q2\",\"2026 Q1\",\"2025 Q4\",\"2025 Q3\",\"2025 Q2\",\"2025 Q1\",\"2024 Q4\"],\"rows\":[[\"\u71df\u6536\u5e74\u6210\u9577\u7387\",\"+14.6%\",\"+26.2%\",\"+15.8%\",\"-12.0%\",\"+6.0%\",\"+29.7%\",\"+3.4%\",\"\uff0d\"],[\"\u6de8\u5229\u5e74\u6210\u9577\u7387\",\"+9.6%\",\"+15.9%\",\"+11.4%\",\"+5.2%\",\"+33.7%\",\"+48.2%\",\"-3.2%\",\"\uff0d\"],[\"\u71df\u696d\u73fe\u91d1\u6d41\u5e74\u6210\u9577\u7387\",\"+294.9%\",\"-73.3%\",\"+23.2%\",\"-5.3%\",\"-37.8%\",\"+402.9%\",\"+20.9%\",\"\uff0d\"],[\"\u81ea\u7531\u73fe\u91d1\u6d41\u5e74\u6210\u9577\u7387\",\"+298.7%\",\"-73.8%\",\"+6.2%\",\"-6.9%\",\"-35.9%\",\"+444.5%\",\"+27.0%\",\"\uff0d\"]]},{\"title\":\"\u71df\u904b\u8207\u8ca1\u52d9\u97cc\u6027\",\"head\":[\"\",\"2026 Q3\",\"2026 Q2\",\"2026 Q1\",\"2025 Q4\",\"2025 Q3\",\"2025 Q2\",\"2025 Q1\",\"2024 Q4\"],\"rows\":[[\"\u61c9\u6536\u5e33\u6b3e\u6536\u73fe\u5929\u6578\",\"29.1\",\"32.7\",\"38.1\",\"34.9\",\"36.0\",\"41.5\",\"38.6\",\"26.4\"],[\"\u5e73\u5747\u552e\u8ca8\u5929\u6578\",\"21.3\",\"19.0\",\"20.7\",\"25.1\",\"23.9\",\"20.5\",\"15.6\",\"10.6\"],[\"\u61c9\u4ed8\u5e33\u6b3e\u4ed8\u73fe\u5929\u6578\",\"65.3\",\"65.2\",\"70.5\",\"65.8\",\"59.5\",\"62.1\",\"70.6\",\"48.3\"],[\"\u73fe\u91d1\u5faa\u74b0\u9031\u671f\",\"-14.9\",\"-13.5\",\"-11.7\",\"-5.7\",\"0.4\",\"-0.2\",\"-16.4\",\"-11.3\"],[\"\u6d41\u52d5\u6bd4\u7387\",\"3.32\",\"2.38\",\"3.76\",\"3.32\",\"3.66\",\"1.51\",\"2.20\",\"1.88\"],[\"\u901f\u52d5\u6bd4\u7387\",\"3.23\",\"2.31\",\"3.68\",\"3.21\",\"3.53\",\"1.44\",\"2.12\",\"1.82\"]]}]},{\"key\":\"year\",\"label\":\"\u5e74\u5ea6\",\"tables\":[{\"title\":\"\u7372\u5229\u80fd\u529b\",\"head\":[\"\",\"2025\",\"2024\",\"2023\",\"2022\",\"2021\"],\"rows\":[[\"\u6bdb\u5229\u7387\",\"46.9%\",\"43.9%\",\"38.9%\",\"36.8%\",\"36.5%\"],[\"\u6de8\u5229\u7387\",\"21.4%\",\"19.2%\",\"15.9%\",\"14.3%\",\"14.7%\"],[\"\u6bdb\u5229\u00f7\u7e3d\u8cc7\u7522*\",\"42.5%\",\"56.6%\",\"51.2%\",\"49.5%\",\"\uff0d\"],[\"ROCE*\",\"36.0%\",\"54.2%\",\"45.9%\",\"41.0%\",\"\uff0d\"]]},{\"title\":\"\u6210\u9577\u6027\",\"head\":[\"\",\"2025\",\"2024\",\"2023\",\"2022\",\"2021\"],\"rows\":[[\"\u71df\u6536\u5e74\u6210\u9577\u7387\",\"+3.6%\",\"+16.3%\",\"+20.1%\",\"+24.0%\",\"\uff0d\"],[\"\u6de8\u5229\u5e74\u6210\u9577\u7387\",\"+15.2%\",\"+40.7%\",\"+33.9%\",\"+20.4%\",\"\uff0d\"],[\"\u71df\u696d\u73fe\u91d1\u6d41\u5e74\u6210\u9577\u7387\",\"+13.4%\",\"+9.2%\",\"-13.7%\",\"+52.2%\",\"\uff0d\"],[\"\u81ea\u7531\u73fe\u91d1\u6d41\u5e74\u6210\u9577\u7387\",\"+16.2%\",\"+22.6%\",\"-14.4%\",\"+40.9%\",\"\uff0d\"]]},{\"title\":\"\u71df\u904b\u8207\u8ca1\u52d9\u97cc\u6027\",\"head\":[\"\",\"2025\",\"2024\",\"2023\",\"2022\",\"2021\"],\"rows\":[[\"\u61c9\u6536\u5e33\u6b3e\u6536\u73fe\u5929\u6578\",\"42.3\",\"36.3\",\"36.9\",\"37.2\",\"\uff0d\"],[\"\u5e73\u5747\u552e\u8ca8\u5929\u6578\",\"21.3\",\"11.0\",\"9.1\",\"10.9\",\"\uff0d\"],[\"\u61c9\u4ed8\u5e33\u6b3e\u4ed8\u73fe\u5929\u6578\",\"82.7\",\"73.8\",\"75.1\",\"65.4\",\"\uff0d\"],[\"\u73fe\u91d1\u5faa\u74b0\u9031\u671f\",\"-19.0\",\"-26.5\",\"-29.1\",\"-17.4\",\"\uff0d\"],[\"\u6d41\u52d5\u6bd4\u7387\",\"3.32\",\"1.88\",\"1.95\",\"1.83\",\"2.36\"],[\"\u901f\u52d5\u6bd4\u7387\",\"3.21\",\"1.82\",\"1.91\",\"1.77\",\"2.28\"]]}]}]}","ifam_chips":"{\"date\":\"2026-11-12\",\"label\":\"11\/12\u7576\u65e5\",\"volume_lot\":\"418\",\"avg_price\":\"247.41\",\"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 247.41 \u5143\u63a8\u7b97\uff1b\u7576\u65e5\u7e3d\u6210\u4ea4\u91cf 418 \u5f35\u3002\",\"groups\":[{\"name\":\"\u5916\u8cc7\",\"dir\":\"up\",\"streak\":\"\u90232\u8ce3\u2192\u902311\u8cb7\",\"rows\":[[\"\u5f35\u6578\",\"173\",\"82\",\"+91\"],[\"\u91d1\u984d(\u5143)\",\"4,291\u842c\",\"2,029\u842c\",\"2,262\u842c\"],[\"\u5747\u50f9(\u5143)\",\"247.41\",\"247.41\",\"247.41\"],[\"\u4f54\u6210\u4ea4\u6bd4\u91cd(%)\",\"41.5%\",\"19.6%\",\"\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)\",\"247.41\",\"247.41\",\"247.41\"],[\"\u4f54\u6210\u4ea4\u6bd4\u91cd(%)\",\"0.0%\",\"0.0%\",\"\u4e0d\u9069\u7528\"]]},{\"name\":\"\u81ea\u71df\u5546\",\"dir\":\"up\",\"streak\":\"\u90231\u8ce3\u2192\u8cb7\",\"rows\":[[\"\u5f35\u6578\",\"5\",\"2\",\"+3\"],[\"\u91d1\u984d(\u5143)\",\"124\u842c\",\"49\u842c\",\"74\u842c\"],[\"\u5747\u50f9(\u5143)\",\"247.41\",\"247.41\",\"247.41\"],[\"\u4f54\u6210\u4ea4\u6bd4\u91cd(%)\",\"1.2%\",\"0.5%\",\"\u4e0d\u9069\u7528\"]]},{\"name\":\"\u4e09\u5927\u6cd5\u4eba\",\"dir\":\"up\",\"streak\":\"\u90232\u8ce3\u2192\u902311\u8cb7\",\"rows\":[[\"\u5f35\u6578\",\"178\",\"84\",\"+94\"],[\"\u91d1\u984d(\u5143)\",\"4,414\u842c\",\"2,078\u842c\",\"2,336\u842c\"],[\"\u5747\u50f9(\u5143)\",\"247.41\",\"247.41\",\"247.41\"],[\"\u4f54\u6210\u4ea4\u6bd4\u91cd(%)\",\"42.6%\",\"20.1%\",\"\u4e0d\u9069\u7528\"]]}]}","ifam_candle":"{\"date\":\"2026-11-13\",\"label\":\"11\/13\",\"today\":[],\"recent\":[{\"rule\":\"11-3\",\"name\":\"\u6233\u5165\u7dda\",\"level\":\"\u5ef6\u7e8c\",\"dir\":\"down\",\"text\":\"\u80a1\u50f9\u4e0b\u8dcc\u4e00\u6bb5\u5f8c\uff0c\u9577\u9ed1K\u7684\u9694\u65e5\u53cd\u5f48\u6536\u9032\u524d\u4e00\u65e5\u7684\u5be6\u9ad4\uff0c\u4f46\u6c92\u6709\u8d85\u904e\u4e00\u534a\u3002\u8cb7\u65b9\u6709\u62b5\u6297\u3001\u4f46\u9084\u6c92\u53d6\u5f97\u4e3b\u5c0e\uff0c\u8dcc\u52e2\u5ef6\u7e8c\u7684\u610f\u5473\u6bd4\u9838\u4e0a\u7dda\u3001\u9838\u5167\u7dda\u5f31\u4e00\u4e9b\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\/06\",\"dir_word\":\"\u504f\u7a7a\"},{\"rule\":\"2-6\",\"name\":\"\u7a7a\u982d\u541e\u566c\u672a\u7372\u78ba\u8a8d\",\"level\":\"\u672a\u7372\u78ba\u8a8d\",\"dir\":\"\",\"text\":\"\u524d\u4e00\u500b\u4ea4\u6613\u65e5\u51fa\u73fe\u7a7a\u982d\u541e\u566c\uff0c\u4f46\u7576\u65e5\u6c92\u6709\u7e7c\u7e8c\u6536\u4f4e\u3002\u53ef\u80fd\u53ea\u662f\u55ae\u65e5\u56de\u6a94\uff0c\u80a1\u50f9\u65b9\u5411\u4ecd\u4e0d\u660e\u6717\u3002\",\"date\":\"10\/29\",\"dir_word\":\"\u65b9\u5411\u672a\u660e\"},{\"rule\":\"2-4\",\"name\":\"\u7a7a\u982d\u541e\u566c\",\"level\":\"\u9810\u8b66\",\"dir\":\"down\",\"text\":\"\u80a1\u50f9\u4e0a\u6f32\u4e00\u6bb5\u5f8c\uff0c\u7576\u65e5\u9ed1K\u7684\u5be6\u9ad4\u628a\u524d\u4e00\u65e5\u7684\u7d05K\u6574\u6839\u5305\u4f4f\u3002\u8ce3\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\u7531\u6f32\u8f49\u8dcc\u7684\u6bd4\u4f8b\u6bd4\u5e73\u5e38\u9ad8\u3002\",\"date\":\"10\/28\",\"dir_word\":\"\u504f\u7a7a\"},{\"rule\":\"1-2\",\"name\":\"\u4e09\u5167\u90e8\u4e0a\u6f32\",\"level\":\"\u5df2\u78ba\u8a8d\",\"dir\":\"up\",\"text\":\"\u591a\u982d\u6bcd\u5b50\u7dda\u51fa\u73fe\u5f8c\uff0c\u9694\u65e5\u518d\u6536\u4e00\u6839\u66f4\u9ad8\u7684\u7d05K\u3002\u8cb7\u65b9\u8ddf\u8457\u9032\u5834\uff0c\u5148\u524d\u7684\u6b62\u8dcc\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\u4e0a\u6f32\u7684\u6bd4\u4f8b\u6bd4\u5e73\u5e38\u9ad8\u3002\",\"date\":\"10\/22\",\"dir_word\":\"\u504f\u591a\"},{\"rule\":\"1-1\",\"name\":\"\u591a\u982d\u6bcd\u5b50\u7dda\",\"level\":\"\u9810\u8b66\",\"dir\":\"up\",\"text\":\"\u80a1\u50f9\u4e0b\u8dcc\u4e00\u6bb5\u5f8c\uff0c\u9577\u9ed1K\u7684\u9694\u65e5\u51fa\u73fe\u4e00\u6839\u5c0fK\u7dda\uff0c\u800c\u4e14\u6c92\u6709\u518d\u8dcc\u7834\u524d\u4e00\u65e5\u7684\u4f4e\u9ede\u3002\u8ce3\u58d3\u66ab\u6642\u505c\u4e86\u4e0b\u4f86\uff0c\u4f46\u53ea\u4ee3\u8868\u8dcc\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\u6b62\u8dcc\u56de\u5347\u7684\u6bd4\u4f8b\u6bd4\u5e73\u5e38\u9ad8\u3002\",\"date\":\"10\/21\",\"dir_word\":\"\u504f\u591a\"},{\"rule\":\"1-3\",\"name\":\"\u591a\u982d\u6bcd\u5b50\u7dda\u672a\u7372\u78ba\u8a8d\",\"level\":\"\u672a\u7372\u78ba\u8a8d\",\"dir\":\"\",\"text\":\"\u524d\u4e00\u500b\u4ea4\u6613\u65e5\u51fa\u73fe\u591a\u982d\u6bcd\u5b50\u7dda\uff0c\u4f46\u7576\u65e5\u6c92\u6709\u6536\u9ad8\u7684\u7d05K\u8ddf\u9032\u3002\u6b62\u8dcc\u7684\u8a0a\u865f\u6c92\u6709\u88ab\u78ba\u8a8d\uff0c\u4ecd\u5c6c\u6574\u7406\uff0c\u80a1\u50f9\u65b9\u5411\u4ecd\u4e0d\u660e\u6717\u3002\",\"date\":\"10\/19\",\"dir_word\":\"\u65b9\u5411\u672a\u660e\"},{\"rule\":\"5-2\",\"name\":\"\u591a\u982d\u5341\u5b57\u6bcd\u5b50\u7dda\",\"level\":\"\u8f03\u5f37\u9810\u8b66\",\"dir\":\"up\",\"text\":\"\u80a1\u50f9\u4e0b\u8dcc\u4e00\u6bb5\u5f8c\uff0c\u9577\u9ed1K\u7684\u9694\u65e5\u6536\u6210\u5341\u5b57\u7dda\uff0c\u843d\u5728\u524d\u4e00\u65e5\u7684K\u7dda\u5be6\u9ad4\u4e4b\u5167\u3002\u8ce3\u65b9\u5b8c\u5168\u6c92\u8fa6\u6cd5\u5ef6\u7e8c\u524d\u4e00\u65e5\u7684\u8dcc\u52e2\uff0c\u7336\u8c6b\u7684\u7a0b\u5ea6\u6bd4\u4e00\u822c\u7684\u6bcd\u5b50\u7dda\u66f4\u660e\u986f\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\/16\",\"dir_word\":\"\u504f\u591a\"}],\"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\":[\"28\",\"0\"]},{\"k\":\"\u8ce3\u51fa\",\"v\":[\"66\",\"0\"]},{\"k\":\"\u73fe\u511f\",\"v\":[\"0\",\"0\"]},{\"k\":\"\u589e\u6e1b\",\"v\":[\"-38\",\"0\"],\"t\":[\"down\",\"\"]},{\"k\":\"\u9918\u984d\",\"v\":[\"439\",\"0\"]},{\"k\":\"\u4f7f\u7528\u7387\",\"v\":[\"4.3%\",\"0.0%\"]},{\"k\":\"\u9023\u589e\u9023\u6e1b\",\"v\":[\"\u589e\u2192\u6e1b\",\"\u6301\u5e73\"],\"t\":[\"down\",\"\"]},{\"k\":\"\u8cc7\u5238\u4e92\u62b5\",\"v\":[\"\",\"2\"]},{\"k\":\"\u8cc7\u5238\u7576\u6c96\",\"v\":[\"\",\"0.5%\"]},{\"k\":\"\u5238\u8cc7\u6bd4\",\"v\":[\"\",\"0.0%\"]}]},{\"head\":[\"11\/12\u7576\u65e5\",\"\u501f\u5238\u8ce3\u51fa(\u5f35)\"],\"rows\":[{\"k\":\"\u8ce3\u51fa\",\"v\":[\"4\"]},{\"k\":\"\u9084\u5238\",\"v\":[\"4\"]},{\"k\":\"\u8abf\u6574\",\"v\":[\"0\"]},{\"k\":\"\u589e\u6e1b\",\"v\":[\"0\"],\"t\":[\"\"]},{\"k\":\"\u9918\u984d\",\"v\":[\"236\"]},{\"k\":\"\u6b21\u65e5\u9650\u984d\",\"v\":[\"5\"]}]}],\"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\",\"1,974\",\"2,046\",\"\",\"\",\"\"],[\"\u71df\u696d\u6bdb\u5229\",\"866\",\"960\",\"\",\"\",\"\"],[\"\u71df\u696d\u5229\u76ca\",\"465\",\"530\",\"\",\"\",\"\"],[\"\u7a05\u5f8c\u6de8\u5229\",\"379\",\"437\",\"\",\"\",\"\"],[\"\u6bcf\u80a1\u76c8\u9918(\u5143)\uff0d\u7a00\u91cb\",\"10.24\",\"11.44\",\"\",\"\",\"\"],[\"\u6bdb\u5229\u7387\",\"43.9%\",\"46.9%\",\"\",\"\",\"\"],[\"\u6de8\u5229\u7387\",\"19.2%\",\"21.4%\",\"\",\"\",\"\"],[\"\u71df\u6536\u5e74\u589e\u7387 (YoY,%)\",\"16.3%\",\"3.6%\",\"\",\"\",\"\"],[\"\u6de8\u5229\u5e74\u589e\u7387 (YoY,%)\",\"40.7%\",\"15.2%\",\"\",\"\",\"\"]],\"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) 10.47\u30012025 (A) 11.47\u30012025 Q2 2.64\u30012025 Q3 2.53\u30012025 Q4 2.95\u30012026 Q1 3.38\u30012026 Q2 2.78\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\",\"463\",\"490\",\"576\",\"598\",\"584\"],[\"\u71df\u696d\u6bdb\u5229\",\"216\",\"219\",\"279\",\"293\",\"250\"],[\"\u71df\u696d\u5229\u76ca\",\"119\",\"118\",\"142\",\"165\",\"127\"],[\"\u7a05\u5f8c\u6de8\u5229\",\"98\",\"96\",\"120\",\"138\",\"113\"],[\"\u6bcf\u80a1\u76c8\u9918(\u5143)\uff0d\u7a00\u91cb\",\"2.63\",\"2.52\",\"2.94\",\"3.37\",\"2.77\"]],\"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\",\"46.7%\",\"44.6%\",\"48.4%\",\"49.0%\",\"42.8%\"],[\"\u6de8\u5229\u7387\",\"21.1%\",\"19.6%\",\"20.8%\",\"23.0%\",\"19.3%\"],[\"\u6bdb\u5229\u00f7\u7e3d\u8cc7\u7522*\",\"48.9%\",\"39.0%\",\"40.8%\",\"40.7%\",\"33.2%\"],[\"ROCE*\",\"50.3%\",\"33.4%\",\"29.2%\",\"31.8%\",\"26.9%\"],[\"\u6210\u9577\u6027\",\"\",\"\",\"\",\"\",\"\"],[\"\u71df\u6536\u5e74\u6210\u9577\u7387\",\"+29.7%\",\"+6.0%\",\"-12.0%\",\"+15.8%\",\"+26.2%\"],[\"\u6de8\u5229\u5e74\u6210\u9577\u7387\",\"+48.2%\",\"+33.7%\",\"+5.2%\",\"+11.4%\",\"+15.9%\"],[\"\u71df\u696d\u73fe\u91d1\u6d41\u5e74\u6210\u9577\u7387\",\"+402.9%\",\"-37.8%\",\"-5.3%\",\"+23.2%\",\"-73.3%\"],[\"\u81ea\u7531\u73fe\u91d1\u6d41\u5e74\u6210\u9577\u7387\",\"+444.5%\",\"-35.9%\",\"-6.9%\",\"+6.2%\",\"-73.8%\"],[\"\u71df\u904b\u8207\u8ca1\u52d9\u97cc\u6027\",\"\",\"\",\"\",\"\",\"\"],[\"\u61c9\u6536\u5e33\u6b3e\u6536\u73fe\u5929\u6578\",\"41.5\",\"36.0\",\"34.9\",\"38.1\",\"32.7\"],[\"\u5e73\u5747\u552e\u8ca8\u5929\u6578\",\"20.5\",\"23.9\",\"25.1\",\"20.7\",\"19.0\"],[\"\u61c9\u4ed8\u5e33\u6b3e\u4ed8\u73fe\u5929\u6578\",\"62.1\",\"59.5\",\"65.8\",\"70.5\",\"65.2\"],[\"\u73fe\u91d1\u5faa\u74b0\u9031\u671f\",\"-0.2\",\"0.4\",\"-5.7\",\"-11.7\",\"-13.5\"],[\"\u6d41\u52d5\u6bd4\u7387\",\"1.51\",\"3.66\",\"3.32\",\"3.76\",\"2.38\"],[\"\u901f\u52d5\u6bd4\u7387\",\"1.44\",\"3.53\",\"3.21\",\"3.68\",\"2.31\"]],\"notes\":[]}]","ifam_fin_note":"<p>2026 \u5e74\u4e0a\u534a\u5e74\u5408\u4f75\u71df\u6536 11.82 \u5104\u5143\u3001\u5e74\u589e 20.7%\uff0c\u6bdb\u5229\u7387 46.0%\uff08\u53bb\u5e74\u540c\u671f 47.3%\uff09\u3001\u71df\u696d\u5229\u76ca\u7387 24.7%\uff08\u53bb\u5e74\u540c\u671f 27.6%\uff09\u3001\u6bcf\u80a1\u76c8\u9918\uff08\u7a00\u91cb\uff096.14 \u5143\uff08\u53bb\u5e74\u540c\u671f 5.99 \u5143\uff09\u3002<\/p>\n<p><strong>\u71df\u6536\u6210\u9577\u4f86\u81ea\u5546\u54c1\u92b7\u8ca8\uff0c\u6bdb\u5229\u7387\u7565\u964d\u3002<\/strong> \u52de\u52d9\u6536\u5165\u5e74\u589e 6.6%\uff1b\u71df\u696d\u5229\u76ca 2.92 \u5104\u5143\uff08\u53bb\u5e74\u540c\u671f 2.70 \u5104\u5143\uff09\u3002<\/p>\n<p><strong>\u696d\u5916\u65b9\u9762<\/strong>\uff0c\u71df\u696d\u5916\u6536\u652f\u5408\u8a08 0.21 \u5104\u5143\uff08\u53bb\u5e74\u540c\u671f 0.05 \u5104\u5143\uff09\uff1a\u5229\u606f\u6536\u5165 0.14 \u5104\u5143\u3001\u5176\u4ed6\u5229\u76ca\u53ca\u640d\u5931 0.04 \u5104\u5143\u3001\u6b0a\u76ca\u6cd5\u5229\u76ca 0.04 \u5104\u5143\u3002<\/p>\n<p><strong>\u9010\u5b63\u89c0\u5bdf\u3002<\/strong> 2025 \u5e74\u7b2c 2 \u5b63\u71df\u6536 4.63 \u5104\u5143\u3001\u6bdb\u5229\u7387 46.7%\u3001\u6bcf\u80a1\u76c8\u9918 2.63 \u5143\uff1b\u7b2c 3 \u5b63\u71df\u6536 4.90 \u5104\u5143\u3001\u6bdb\u5229\u7387 44.6%\u3001\u6bcf\u80a1\u76c8\u9918 2.52 \u5143\uff1b\u7b2c 4 \u5b63\u71df\u6536 5.76 \u5104\u5143\u3001\u6bdb\u5229\u7387 48.4%\uff1b2026 \u5e74\u7b2c 1 \u5b63\u71df\u6536 5.98 \u5104\u5143\u3001\u6bdb\u5229\u7387 49.0%\u3001\u6bcf\u80a1\u76c8\u9918 3.37 \u5143\uff1b\u7b2c 2 \u5b63\u71df\u6536 5.84 \u5104\u5143\u3001\u6bdb\u5229\u7387 42.8%\u3001\u6bcf\u80a1\u76c8\u9918 2.77 \u5143\u3002<\/p>\n<p><strong>\u7b2c 3 \u5b63\u71df\u6536\u8207\u7372\u5229\u6210\u9577\u3002<\/strong> 2026 \u5e74\u7b2c 3 \u5b63\u71df\u6536 5.62 \u5104\u5143\uff08\u5e74\u589e 14.6%\uff09\u3001\u6bdb\u5229\u7387 43.2%\u3001\u71df\u696d\u5229\u76ca 1.22 \u5104\u5143\u3001\u6bcf\u80a1\u76c8\u9918 2.59 \u5143\uff08\u53bb\u5e74\u540c\u671f 2.52 \u5143\uff09\uff1b\u524d 9 \u500b\u6708\u6bcf\u80a1\u76c8\u9918 8.72 \u5143\uff08\u53bb\u5e74\u540c\u671f 8.50 \u5143\uff09\u30022026 \u5e74\u524d 9 \u500b\u6708\u7d2f\u8a08\u71df\u6536 17.44 \u5104\u5143\u3001\u5e74\u589e 18.7%\uff1b\u7b2c 3 \u5b63\u55ae\u5b63 5.62 \u5104\u5143\uff08\u5e74\u589e 14.6%\uff09\uff0c7 \u6708\u81f3 9 \u6708\u55ae\u6708\u5e74\u589e\u7387\u70ba +9.4%\u3001+3.3%\u3001+31.4%\u3002<\/p>\n<p>\u8a3b\uff1a\u57fa\u672c\u8207\u7a00\u91cb\u6bcf\u80a1\u76c8\u9918\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\":\"7765\",\"name\":\"\u4e2d\u83ef\u8cc7\u5b89\",\"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\":269.5,\"open\":252,\"high\":269.5,\"low\":250.5,\"prev_close\":245,\"change\":24.5,\"change_pct\":10,\"range\":19,\"amount\":\"3.16 \u5104\u5143\",\"volume\":1185,\"avg_volume_3m\":201,\"market_cap\":\"109.6 \u5104\u5143\",\"shares\":\"4,068 \u842c\u80a1\"},\"annual\":[{\"year\":2026,\"pct\":-3,\"ytd\":true}],\"series\":[[\"2025-11-13\",263.89],[\"2025-11-14\",262.93],[\"2025-11-17\",264.37],[\"2025-11-18\",261],[\"2025-11-19\",260.52],[\"2025-11-20\",261.96],[\"2025-11-21\",258.6],[\"2025-11-24\",259.56],[\"2025-11-25\",262.93],[\"2025-11-26\",265.81],[\"2025-11-27\",273.02],[\"2025-11-28\",270.14],[\"2025-12-01\",263.89],[\"2025-12-02\",261.48],[\"2025-12-03\",262.44],[\"2025-12-04\",262.93],[\"2025-12-05\",261.96],[\"2025-12-08\",260.52],[\"2025-12-09\",262.93],[\"2025-12-10\",265.33],[\"2025-12-11\",267.25],[\"2025-12-12\",266.29],[\"2025-12-15\",263.41],[\"2025-12-16\",259.56],[\"2025-12-17\",258.6],[\"2025-12-18\",258.6],[\"2025-12-19\",260.04],[\"2025-12-22\",260.52],[\"2025-12-23\",263.89],[\"2025-12-24\",262.93],[\"2025-12-26\",262.93],[\"2025-12-29\",261.96],[\"2025-12-30\",271.58],[\"2025-12-31\",277.83],[\"2026-01-02\",276.38],[\"2026-01-05\",276.38],[\"2026-01-06\",276.86],[\"2026-01-07\",273.5],[\"2026-01-08\",270.62],[\"2026-01-09\",267.73],[\"2026-01-12\",261],[\"2026-01-13\",259.08],[\"2026-01-14\",259.08],[\"2026-01-15\",259.08],[\"2026-01-16\",258.6],[\"2026-01-19\",256.68],[\"2026-01-20\",254.75],[\"2026-01-21\",248.99],[\"2026-01-22\",250.43],[\"2026-01-23\",253.31],[\"2026-01-26\",249.47],[\"2026-01-27\",249.47],[\"2026-01-28\",249.95],[\"2026-01-29\",248.99],[\"2026-01-30\",247.06],[\"2026-02-02\",241.3],[\"2026-02-03\",250.91],[\"2026-02-04\",249.95],[\"2026-02-05\",248.99],[\"2026-02-06\",253.31],[\"2026-02-09\",253.79],[\"2026-02-10\",250.91],[\"2026-02-11\",253.31],[\"2026-02-23\",254.75],[\"2026-02-24\",251.87],[\"2026-02-25\",248.02],[\"2026-02-26\",252.35],[\"2026-03-02\",249.95],[\"2026-03-03\",245.62],[\"2026-03-04\",239.37],[\"2026-03-05\",241.78],[\"2026-03-06\",243.7],[\"2026-03-09\",233.6],[\"2026-03-10\",229.76],[\"2026-03-11\",231.2],[\"2026-03-12\",224.47],[\"2026-03-13\",221.11],[\"2026-03-16\",218.22],[\"2026-03-17\",217.26],[\"2026-03-18\",219.67],[\"2026-03-19\",219.18],[\"2026-03-20\",218.7],[\"2026-03-23\",214.86],[\"2026-03-24\",213.9],[\"2026-03-25\",213.42],[\"2026-03-26\",212.45],[\"2026-03-27\",211.49],[\"2026-03-30\",223.03],[\"2026-03-31\",216.3],[\"2026-04-01\",217.74],[\"2026-04-02\",211.49],[\"2026-04-07\",210.53],[\"2026-04-08\",219.67],[\"2026-04-09\",217.26],[\"2026-04-10\",219.18],[\"2026-04-13\",217.26],[\"2026-04-14\",220.63],[\"2026-04-15\",221.11],[\"2026-04-16\",226.39],[\"2026-04-17\",223.03],[\"2026-04-20\",222.07],[\"2026-04-21\",221.59],[\"2026-04-22\",219.18],[\"2026-04-23\",213.9],[\"2026-04-24\",212.94],[\"2026-04-27\",211.97],[\"2026-04-28\",215.34],[\"2026-04-29\",215.34],[\"2026-04-30\",217.74],[\"2026-05-04\",214.86],[\"2026-05-05\",213.9],[\"2026-05-06\",234.57],[\"2026-05-07\",233.6],[\"2026-05-08\",234.09],[\"2026-05-11\",239.85],[\"2026-05-12\",234.09],[\"2026-05-13\",235.53],[\"2026-05-14\",235.53],[\"2026-05-15\",231.68],[\"2026-05-18\",238.41],[\"2026-05-19\",235.53],[\"2026-05-20\",234.09],[\"2026-05-21\",240.33],[\"2026-05-22\",239.37],[\"2026-05-25\",236.49],[\"2026-05-26\",235.05],[\"2026-05-27\",235.05],[\"2026-05-28\",237.93],[\"2026-05-29\",237.93],[\"2026-06-01\",260.52],[\"2026-06-02\",251.39],[\"2026-06-03\",250.91],[\"2026-06-04\",244.18],[\"2026-06-05\",248.99],[\"2026-06-08\",243.22],[\"2026-06-09\",238.89],[\"2026-06-10\",236.97],[\"2026-06-11\",233.12],[\"2026-06-12\",236.01],[\"2026-06-15\",241.3],[\"2026-06-16\",237.45],[\"2026-06-17\",240.33],[\"2026-06-18\",238],[\"2026-06-22\",233],[\"2026-06-23\",227.5],[\"2026-06-24\",223.5],[\"2026-06-25\",222],[\"2026-06-26\",218.5],[\"2026-06-29\",220.5],[\"2026-06-30\",221.5],[\"2026-07-01\",218.5],[\"2026-07-02\",221.5],[\"2026-07-03\",222],[\"2026-07-06\",225],[\"2026-07-07\",223.5],[\"2026-07-08\",222],[\"2026-07-09\",221.5],[\"2026-07-13\",222.5],[\"2026-07-14\",221],[\"2026-07-15\",222.5],[\"2026-07-16\",226],[\"2026-07-17\",222.5],[\"2026-07-20\",230],[\"2026-07-21\",227],[\"2026-07-22\",227],[\"2026-07-23\",226],[\"2026-07-24\",227],[\"2026-07-27\",229],[\"2026-07-28\",225],[\"2026-07-29\",223.5],[\"2026-07-30\",223],[\"2026-07-31\",225.5],[\"2026-08-03\",222.5],[\"2026-08-04\",221.5],[\"2026-08-05\",222.5],[\"2026-08-06\",222],[\"2026-08-07\",226.5],[\"2026-08-10\",225.5],[\"2026-08-11\",225.5],[\"2026-08-12\",230],[\"2026-08-13\",226.5],[\"2026-08-14\",226.5],[\"2026-08-17\",224.5],[\"2026-08-18\",223],[\"2026-08-19\",222],[\"2026-08-20\",225],[\"2026-08-21\",224],[\"2026-08-24\",224],[\"2026-08-25\",224],[\"2026-08-26\",224.5],[\"2026-08-27\",225.5],[\"2026-08-28\",224],[\"2026-08-31\",223.5],[\"2026-09-01\",223.5],[\"2026-09-02\",223.5],[\"2026-09-03\",222],[\"2026-09-04\",221.5],[\"2026-09-07\",220.5],[\"2026-09-08\",218.5],[\"2026-09-09\",218.5],[\"2026-09-10\",215],[\"2026-09-11\",218.5],[\"2026-09-14\",240],[\"2026-09-15\",235],[\"2026-09-16\",240],[\"2026-09-17\",231],[\"2026-09-18\",243],[\"2026-09-21\",240],[\"2026-09-22\",241],[\"2026-09-23\",243],[\"2026-09-24\",241],[\"2026-09-29\",237],[\"2026-09-30\",237],[\"2026-10-01\",236.5],[\"2026-10-02\",232.5],[\"2026-10-05\",229],[\"2026-10-06\",230.5],[\"2026-10-07\",235],[\"2026-10-08\",236],[\"2026-10-12\",237],[\"2026-10-13\",236],[\"2026-10-14\",235],[\"2026-10-15\",230.5],[\"2026-10-16\",234],[\"2026-10-19\",232.5],[\"2026-10-20\",229.5],[\"2026-10-21\",231],[\"2026-10-22\",235],[\"2026-10-27\",245],[\"2026-10-28\",240],[\"2026-10-29\",240],[\"2026-10-30\",242],[\"2026-11-02\",242.5],[\"2026-11-03\",238],[\"2026-11-04\",235],[\"2026-11-05\",234],[\"2026-11-06\",236],[\"2026-11-09\",236],[\"2026-11-10\",241],[\"2026-11-11\",243.5],[\"2026-11-12\",245],[\"2026-11-13\",269.5]]}","ifam_pe_river":"{\"symbol\":\"7765\",\"source\":\"info.ifa.ai \u5e02\u5834\u8a55\u50f9\uff08\u672c\u76ca\u6bd4\u6cb3\u6d41\u5716\uff09\",\"sourceUrl\":\"https:\/\/info.ifa.ai\/tw-stock\/7765\/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\":\"19X\",\"values\":[201.31,201.31,201.31,201.31,201.31,201.31,201.31,201.31,204.09,204.09,204.09,204.09,204.09,204.09,204.09,204.09,204.09,204.09,204.09,204.09,210.66,210.66,210.66,210.64,210.64,210.64,210.64,210.64,210.64,210.64,210.64,210.64,210.64,217.87,217.87,217.87,217.87,217.87,217.87,217.87,217.87,217.87,217.87,217.87,217.87,217.87,222.18,222.18,222.18,222.18,222.18,222.18,222.18]},{\"label\":\"21.4X\",\"values\":[226.74,226.74,226.74,226.74,226.74,226.74,226.74,226.74,229.87,229.87,229.87,229.87,229.87,229.87,229.87,229.87,229.87,229.87,229.87,229.87,237.27,237.27,237.27,237.24,237.24,237.24,237.24,237.24,237.24,237.24,237.24,237.24,237.24,245.39,245.39,245.39,245.39,245.39,245.39,245.39,245.39,245.39,245.39,245.39,245.39,245.39,250.25,250.25,250.25,250.25,250.25,250.25,250.25]},{\"label\":\"23.8X\",\"values\":[252.16,252.16,252.16,252.16,252.16,252.16,252.16,252.16,255.64,255.64,255.64,255.64,255.64,255.64,255.64,255.64,255.64,255.64,255.64,255.64,263.88,263.88,263.88,263.85,263.85,263.85,263.85,263.85,263.85,263.85,263.85,263.85,263.85,272.91,272.91,272.91,272.91,272.91,272.91,272.91,272.91,272.91,272.91,272.91,272.91,272.91,278.32,278.32,278.32,278.32,278.32,278.32,278.32]},{\"label\":\"26.2X\",\"values\":[277.59,277.59,277.59,277.59,277.59,277.59,277.59,277.59,281.42,281.42,281.42,281.42,281.42,281.42,281.42,281.42,281.42,281.42,281.42,281.42,290.49,290.49,290.49,290.46,290.46,290.46,290.46,290.46,290.46,290.46,290.46,290.46,290.46,300.43,300.43,300.43,300.43,300.43,300.43,300.43,300.43,300.43,300.43,300.43,300.43,300.43,306.38,306.38,306.38,306.38,306.38,306.38,306.38]},{\"label\":\"28.6X\",\"values\":[303.02,303.02,303.02,303.02,303.02,303.02,303.02,303.02,307.2,307.2,307.2,307.2,307.2,307.2,307.2,307.2,307.2,307.2,307.2,307.2,317.09,317.09,317.09,317.06,317.06,317.06,317.06,317.06,317.06,317.06,317.06,317.06,317.06,327.95,327.95,327.95,327.95,327.95,327.95,327.95,327.95,327.95,327.95,327.95,327.95,327.95,334.45,334.45,334.45,334.45,334.45,334.45,334.45]},{\"label\":\"31X\",\"values\":[328.45,328.45,328.45,328.45,328.45,328.45,328.45,328.45,332.98,332.98,332.98,332.98,332.98,332.98,332.98,332.98,332.98,332.98,332.98,332.98,343.7,343.7,343.7,343.67,343.67,343.67,343.67,343.67,343.67,343.67,343.67,343.67,343.67,355.47,355.47,355.47,355.47,355.47,355.47,355.47,355.47,355.47,355.47,355.47,355.47,355.47,362.51,362.51,362.51,362.51,362.51,362.51,362.51]}],\"price\":{\"label\":\"\u80a1\u50f9\",\"values\":[273.5,269,281,272.5,277,270.5,273.5,289,287.5,278.5,269,263.5,257,263.5,263.5,262.5,253.5,230,227.5,220,220,228,232,221.5,226.5,243.5,241,249,247.5,259,245.5,238,218.5,222,221.5,222.5,227,225.5,226.5,226.5,224,224,221.5,218.5,243,241,232.5,236,234,235,242,236,245]}}","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\u4e2d\u83ef\u8cc7\u5b89\uff087765\uff09\u7684\u7372\u5229\u8ecc\u8de1\u3002<\/p>\n<p><strong>\u8fd1\u4e09\u5e74\u71df\u6536\u8207\u6bcf\u80a1\u76c8\u9918\u6210\u9577\u3002<\/strong> \u5408\u4f75\u71df\u6536 2023 \u5e74 16.96 \u5104\u5143\u30012024 \u5e74 19.74 \u5104\u5143\u30012025 \u5e74 20.46 \u5104\u5143\uff1b\u6bdb\u5229\u7387 38.9% \u2192 43.9% \u2192 46.9%\uff1b\u6bcf\u80a1\u76c8\u9918 7.57 \u2192 10.24 \u2192 11.44 \u5143\uff08\u7a00\u91cb\uff09\uff1b\u71df\u696d\u5229\u76ca 3.43 \u2192 4.65 \u2192 5.30 \u5104\u5143\u3002<\/p>\n<p><strong>2026 \u5e74\u524d 9 \u500b\u6708\u6bcf\u80a1\u76c8\u9918\u5c0f\u5e45\u589e\u52a0\u3002<\/strong> \u4e0a\u534a\u5e74\u6bcf\u80a1\u76c8\u9918\uff08\u7a00\u91cb\uff096.14 \u5143\uff08\u53bb\u5e74\u540c\u671f 5.99 \u5143\uff09\uff0c\u7b2c 1 \u5b63 3.37 \u5143\u3001\u7b2c 2 \u5b63 2.77 \u5143\u30022026 \u5e74\u7b2c 3 \u5b63\u71df\u6536 5.62 \u5104\u5143\uff08\u5e74\u589e 14.6%\uff09\u3001\u6bdb\u5229\u7387 43.2%\u3001\u71df\u696d\u5229\u76ca 1.22 \u5104\u5143\u3001\u6bcf\u80a1\u76c8\u9918 2.59 \u5143\uff08\u53bb\u5e74\u540c\u671f 2.52 \u5143\uff09\uff1b\u524d 9 \u500b\u6708\u6bcf\u80a1\u76c8\u9918 8.72 \u5143\uff08\u53bb\u5e74\u540c\u671f 8.50 \u5143\uff09\u3002<\/p>\n<p><strong>\u7b2c 3 \u5b63\u71df\u6536\u3002<\/strong> 2026 \u5e74\u524d 9 \u500b\u6708\u7d2f\u8a08\u71df\u6536 17.44 \u5104\u5143\u3001\u5e74\u589e 18.7%\uff1b\u7b2c 3 \u5b63\u55ae\u5b63 5.62 \u5104\u5143\uff08\u5e74\u589e 14.6%\uff09\uff0c7 \u6708\u81f3 9 \u6708\u55ae\u6708\u5e74\u589e\u7387\u70ba +9.4%\u3001+3.3%\u3001+31.4%\u3002<\/p>\n<p><strong>\u5f8c\u7e8c\u7684\u9a57\u8b49\u9ede\u70ba\u7b2c 4 \u5b63\u8207\u6bdb\u5229\u7387\u3002<\/strong> 2025 \u5e74\u7b2c 4 \u5b63\u70ba\u5168\u5e74\u9ad8\u5cf0\uff1b\u7b2c 4 \u5b63\u52de\u52d9\u6536\u5165\u8207\u6bdb\u5229\u7387\u80fd\u5426\u56de\u5230 45% \u9644\u8fd1\uff0c\u662f\u5224\u65b7\u5168\u5e74\u6bcf\u80a1\u76c8\u9918\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\":11.4,\"label\":\"2025(A)\uff1a11.4 \u5143\"}],\"rows\":[{\"order\":1,\"pe\":269.5,\"peLabel\":\"270 \u5143\",\"desc\":\"2026-11-13\",\"cells\":[{\"order\":1,\"price\":23.640350877192983,\"text\":\"23.6 \u500d\",\"hl\":false}]}]}}","ifam_val_range":"<p>\u76ee\u524d\u4e2d\u83ef\u8cc7\u5b89\u80a1\u50f9\u7d04\u5728 230\u2013270 \u5143\uff082026\/11\/13 \u6536\u76e4\u50f9 270 \u5143\uff09\uff0c\u7d04\u70ba 2025(A) EPS 11.4 \u5143\u7684 24 \u500d\u3002\u82e5\u4ee5 2026 \u5e74\u4e0a\u534a\u5e74\u6bcf\u80a1\u76c8\u9918 6.14 \u5143\u5e74\u5316\u5f8c\u7684 12.28 \u5143\u8a08\u7b97\uff0c\u7d04\u70ba 22 \u500d\u3002\u8a3b\uff1a2026 \u5e74\u524d 9 \u500b\u6708\u6bcf\u80a1\u76c8\u9918 8.72 \u5143\uff08\u53bb\u5e74\u540c\u671f 8.50 \u5143\uff09\u30022026 \u5e74\u524d 9 \u500b\u6708\u7d2f\u8a08\u71df\u6536\u5e74\u589e 18.7%\u3002<\/p>\n","footnotes":""},"categories":[8],"tags":[],"ifam_industry":[38],"ifam_strategy":[],"class_list":["post-1275","post","type-post","status-publish","format-standard","hentry","category-stock","ifam_industry-digital-cloud"],"_links":{"self":[{"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/posts\/1275","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=1275"}],"version-history":[{"count":1,"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/posts\/1275\/revisions"}],"predecessor-version":[{"id":1636,"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/posts\/1275\/revisions\/1636"}],"wp:attachment":[{"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/media?parent=1275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/categories?post=1275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/tags?post=1275"},{"taxonomy":"ifam_industry","embeddable":true,"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/ifam_industry?post=1275"},{"taxonomy":"ifam_strategy","embeddable":true,"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/ifam_strategy?post=1275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}