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\u516c\u53f8 4 \u6708\u516c\u544a\u53d6\u5f97\u53f0\u7a4d\u96fb\u53f0\u4e2d\u96f6\u5ee2\u88fd\u9020\u4e2d\u5fc3\u7684\u786b\u9178\u8cc7\u6e90\u518d\u751f\u8655\u7406\u8a02\u55ae\uff0c\u4ee5\u5ee0\u4e2d\u5ee0\u6a21\u5f0f\u628a\u5148\u9032\u88fd\u7a0b\u7522\u751f\u7684\u5ee2\u786b\u9178\u8f49\u5316\u70ba\u5de5\u696d\u7d1a\u786b\u9178\u92a8\uff0c\u9810\u8a08 2027 \u5e74\u4e0b\u534a\u5e74\u6295\u7522\uff1b\u516c\u53f8\u9810\u671f\u9019\u9805\u696d\u52d9\u6bcf\u5e74\u53ef\u5e36\u4f86\u7d04 4 \u5104\u5143\u71df\u6536\uff0c\u4e26\u8996\u70ba\u6253\u9032\u5176\u4ed6\u5ee0\u5340\u8207\u66f4\u591a\u79d1\u6280\u696d\u5ba2\u6236\u7684\u5165\u5834\u5238\u3002\u5e74\u5831\u7de8\u5217 13.85 \u5104\u5143\u63a8\u52d5\u5ee2\u786b\u9178\u8cc7\u6e90\u518d\u5229\u7528\u8a08\u756b\uff0c\u53e6\u898f\u5283\u5efa\u7f6e\u96fb\u5b50\u7d1a\u6eb6\u5291\u5132\u69fd\u8207\u84b8\u993e\u5854\u88fd\u7a0b\u6539\u826f\uff0c\u62d3\u5c55\u96fb\u5b50\u7d1a\u5316\u5b78\u54c1\u696d\u52d9\u3002<\/p>\n

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\u5f35\u6ec4\u90ce\u5728\u80a1\u6771\u6703\u8868\u793a\uff0c\u7b2c\u4e00\u5f35 6,000 \u5678\u85cd\u6c28\u570b\u969b\u4f4e\u78b3\u8a8d\u8b49\u5df2\u65bc\u524d\u5e74\u5e95\u53d6\u5f97\u3001\u53bb\u5e74\u958b\u59cb\u63a8\u5ee3\u92b7\u552e\uff0c\u4eca\u5e74\u96a8\u534a\u5c0e\u9ad4\u5ba2\u6236\u9678\u7e8c\u5b8c\u6210\u8a8d\u8b49\uff0c\u51fa\u8ca8\u91cf\u53ef\u671b\u660e\u986f\u653e\u5927\u3002\u767c\u8a00\u4eba\u937e\u4fca\u9298 9 \u6708\u8aaa\u660e\uff0c\u539f\u672c\u7684\u6c2b\u80fd\u767c\u96fb\u898f\u5283\u5df2\u7d93\u558a\u505c\uff0c\u8f49\u70ba\u805a\u7126\u85cd\u6c28\u9032\u53e3\u8cbf\u6613\uff1b\u53f0\u80a5\u64c1\u6709\u570b\u5167\u6700\u5927\u7684\u6db2\u6c28\u5132\u69fd\u8207\u5c08\u7528\u78bc\u982d\uff0c\u662f\u5176\u4ed6\u696d\u8005\u96e3\u4ee5\u8907\u88fd\u7684\u512a\u52e2\uff0c\u85cd\u6c28\u4e3b\u8981\u4f9b\u61c9\u9ad8\u79d1\u6280\u5927\u5ee0\u3002<\/p>\n

\u80a5\u6599\u672c\u696d\u6e1b\u8667<\/h4>\n

\u9673\u53f3\u6b23 2 \u6708\u8868\u793a\uff0c2025 \u5e74\u80a5\u6599\u90e8\u9580\u8667\u640d 13 \u5104\u5143\uff0c\u63a8\u52d5\u8fb2\u696d\u5ee2\u68c4\u7269\u8cc7\u6750\u5316\u5f8c\uff0c2026 \u5e74\u53ef\u671b\u6e1b\u8667\u7d04 5 \u5104\u5143\u30012027 \u5e74\u62da\u8667\u8f49\u76c8\uff1b\u53f0\u4e2d\u5ee0\u785d\u9178\u5de5\u5834\u5c0e\u5165\u4e09\u7d1a\u6e1b\u91cf\u6280\u8853\u5f8c\uff0c\u6bcf\u5678\u78b3\u8cbb\u53ef\u7531 300 \u5143\u964d\u81f3 50 \u5143\u3002\u937e\u4fca\u9298 9 \u6708\u628a\u5168\u5e74\u6e1b\u8667\u76ee\u6a19\u5b9a\u5728 5 \u81f3 6 \u5104\u5143\uff0c\u4e26\u8aaa\u660e\u539f\u6599\u63a1\u8cfc\u5df2\u505c\u7528\u4e2d\u570b\u4f86\u6e90\u3001\u628a\u7279\u5b9a\u4e2d\u6771\u7522\u5340\u6bd4\u91cd\u7531 70% \u964d\u81f3 30% \u4ee5\u5206\u6563\u98a8\u96aa\u3002<\/p>\n

\u5e02\u5834\u95dc\u6ce8\u7684\u8b8a\u6578<\/h4>\n

\u80a5\u6599\u50f9\u683c\u53d7\u653f\u7b56\u7d04\u675f\u662f\u6700\u5927\u7684\u7d50\u69cb\u6027\u9650\u5236\uff1a\u516c\u53f8\u914d\u5408\u7167\u9867\u8fb2\u6c11\u653f\u7b56\u4f4e\u50f9\u92b7\u552e\u80a5\u6599\uff0c\u5f35\u6ec4\u90ce\u5728\u80a1\u6771\u6703\u8868\u793a\u5df2\u5411\u8fb2\u696d\u90e8\u722d\u53d6\u9810\u7b97\u88dc\u8cbc\uff0c\u4e26\u63d0\u9ad8\u9ad8\u6548\u76ca\u80a5\u6599\u7684\u92b7\u552e\u6bd4\u91cd\uff1b\u5e74\u5831\u4e5f\u628a\u539f\u6599\u5168\u6578\u4ef0\u8cf4\u9032\u53e3\u3001\u552e\u50f9\u96e3\u4ee5\u8abf\u6574\u5217\u70ba\u4e0d\u5229\u56e0\u7d20\u3002\u4e0d\u52d5\u7522\u65b9\u9762\uff0c\u5e74\u5831\u63d0\u9192\u5357\u6e2f\u5730\u5340\u4e94\u5e74\u5167\u6709\u903e 28 \u842c\u576a\u8fa6\u516c\u9762\u7a4d\u96c6\u4e2d\u5b8c\u5de5\uff0c\u4f9b\u7d66\u5927\u91cf\u91cb\u51fa\u53ef\u80fd\u9020\u6210\u62db\u79df\u58d3\u529b\uff1bC4 \u7684\u5b8c\u5de5\u6642\u7a0b\u516c\u53f8\u5148\u5f8c\u63d0\u904e 2028 \u5e74\u8207 2028 \u5e74\u5e95\u81f3 2029 \u5e74\u521d\uff0c\u9032\u5ea6\u4ecd\u5f85\u78ba\u8a8d\u3002\u6c2b\u80fd\u767c\u96fb\u5df2\u66ab\u505c\u6295\u5165\uff0c\u65b0\u4e8b\u696d\u91cd\u5fc3\u79fb\u5f80\u85cd\u6c28\u8207\u96fb\u5b50\u7d1a\u5316\u5b78\u54c1\u3002<\/p>\n","ifam_val_profit":"

\u4ee5\u4e0b\u4f9d\u516c\u53f8\u5df2\u516c\u5e03\u7684\u8ca1\u5831\u8207\u6708\u71df\u6536\uff0c\u8aaa\u660e\u53f0\u80a5\uff081722\uff09\u7684\u7372\u5229\u8ecc\u8de1\u3002<\/p>\n

    \n
  • 2024\uff5e2025 \u5e74\uff1a\u71df\u6536\u7ad9\u7a69\uff0c\u4f46\u7372\u5229\u4e00\u8def\u5f80\u4e0b\u3002<\/strong> 2024 \u5e74\u5408\u4f75\u71df\u6536 118.73 \u5104\u5143\u3001\u5e74\u6e1b 20.9%\uff0c\u6bcf\u80a1\u76c8\u9918\u7531 2023 \u5e74\u7684 3.99 \u5143\u964d\u5230 2.00 \u5143\uff1b2025 \u5e74\u71df\u6536 120.88 \u5104\u5143\u3001\u5e74\u589e 1.8%\uff0c\u6bcf\u80a1\u76c8\u9918\u518d\u964d\u5230 0.95 \u5143\u3002\u771f\u6b63\u7684\u58d3\u529b\u5728\u6bdb\u5229\u7387<\/strong>\uff1a\u7531 2023 \u5e74\u7684 27.4% \u4e00\u8def\u6389\u5230 2025 \u5e74\u7684 13.1%\uff0c\u71df\u696d\u5229\u76ca\u7387\u540c\u671f\u5f9e 18.4% \u964d\u5230 3.0%\uff0c\u672c\u696d\u5e7e\u4e4e\u53ea\u5269\u640d\u76ca\u5169\u5e73\u3002<\/li>\n
  • 2026 \u5e74\u4e0a\u534a\u5e74\uff1a\u672c\u696d\u5728\u4fee\u5fa9\uff0c\u5e33\u9762\u7372\u5229\u537b\u9084\u5728\u8870\u9000\u3002<\/strong> \u71df\u6536 67.51 \u5104\u5143\u3001\u5e74\u589e 6.4%\uff0c\u6bdb\u5229\u7387\u56de\u5230 13.6%\uff08\u53bb\u5e74\u540c\u671f 11.8%\uff09\uff0c\u71df\u696d\u5229\u76ca\u7531 1.64 \u5104\u5143\u589e\u52a0\u5230 3.24 \u5104\u5143\u3001\u5e7e\u4e4e\u7ffb\u500d\uff0c\u71df\u696d\u5229\u76ca\u7387 4.8%\u3002\u4f46\u6bcf\u80a1\u76c8\u9918 0.43 \u5143\u3001\u4f4e\u65bc\u53bb\u5e74\u540c\u671f\u7684 0.54 \u5143\u2014\u2014\u5dee\u5225\u5728\u71df\u696d\u5916\uff1a\u53bb\u5e74\u4e0a\u534a\u5e74\u696d\u5916\u8207\u7a05\u5f8c\u5408\u8a08\u8ca2\u737b 3.67 \u5104\u5143\uff0c\u4eca\u5e74\u53ea\u5269 0.95 \u5104\u5143<\/strong>\u3002\u7b2c 2 \u5b63\u55ae\u5b63\u7684\u6bdb\u5229\u7387\u5df2\u7d93\u62c9\u5230 21.9%\u3001\u71df\u696d\u5229\u76ca\u7387 12.4%\uff0c\u662f\u8fd1\u5169\u5e74\u6700\u597d\u7684\u4e00\u5b63\u3002<\/li>\n<\/ul>\n

    \u516c\u53f8\u5df2\u516c\u5e03\u7684\u6708\u71df\u6536\u5230 2026 \u5e74 9 \u6708\uff1a\u55ae\u6708 11.70 \u5104\u5143\u3001\u5e74\u589e 7.0%\uff1b\u524d 9 \u500b\u6708\u7d2f\u8a08 98.18 \u5104\u5143\u3001\u5e74\u589e 4.9%\u3002<\/p>\n

    \u672c\u696d\u8207\u5e33\u9762\u9019\u5169\u689d\u7dda\u76ee\u524d\u662f\u5206\u958b\u8d70\u7684\u3002<\/strong> \u8981\u6aa2\u9a57\u7684\u662f\u7b2c 2 \u5b63\u90a3\u500b 21.9% \u7684\u6bdb\u5229\u7387\u80fd\u4e0d\u80fd\u5ef6\u7e8c\u5230\u7b2c 3 \u5b63\u2014\u2014\u90a3\u662f\u539f\u6599\u6210\u672c\u56de\u843d\u662f\u5426\u771f\u7684\u843d\u5230\u640d\u76ca\u8868\u7684\u7b2c\u4e00\u500b\u9a57\u8b49\u9ede\uff1b\u81f3\u65bc\u6bcf\u80a1\u76c8\u9918\uff0c\u53ea\u8981\u696d\u5916\u4e0d\u518d\u50cf 2023 \u5e74\u90a3\u6a23\u8ca2\u737b\u8d85\u904e\u672c\u696d\uff0c\u5e33\u9762\u6578\u5b57\u5c31\u6703\u66f4\u8cbc\u8fd1\u672c\u696d\u7684\u5be6\u969b\u6c34\u6e96\u3002<\/p>\n","ifam_val_multiple":"","ifam_strategy_on":"","ifam_trades":"","ifam_valuation":"{\"matrix\":{\"corner\":\"\",\"title\":\"\",\"note\":\"\",\"columns\":[{\"order\":1,\"year\":\"2025(A)\",\"eps\":0.9,\"label\":\"2025(A)\uff1a0.9 \u5143\"}],\"rows\":[{\"order\":1,\"pe\":38.7,\"peLabel\":\"39 \u5143\",\"desc\":\"2026-11-13\",\"cells\":[{\"order\":1,\"price\":43,\"text\":\"43.0 \u500d\",\"hl\":false}]}]}}","ifam_val_range":"

    \u76ee\u524d\u53f0\u80a5\u80a1\u50f9\u7d04\u5728 35\u201340 \u5143\uff082026\/11\/13 \u6536\u76e4\u50f9 39 \u5143\uff09\uff0c\u7d04\u70ba 2025(A) EPS 0.95 \u5143\u7684 41 \u500d\u3002\u82e5\u4ee5 2026 \u5e74\u4e0a\u534a\u5e74\u6bcf\u80a1\u76c8\u9918 0.43 \u5143\u5e74\u5316\u5f8c\u7684 0.86 \u5143\u8a08\u7b97\uff0c\u7d04\u70ba 45 \u500d\u3002<\/p>\n","footnotes":""},"categories":[8],"tags":[],"ifam_industry":[34],"ifam_strategy":[],"class_list":["post-740","post","type-post","status-publish","format-standard","hentry","category-stock","ifam_industry-chemical"],"_links":{"self":[{"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/posts\/740","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=740"}],"version-history":[{"count":1,"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/posts\/740\/revisions"}],"predecessor-version":[{"id":755,"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/posts\/740\/revisions\/755"}],"wp:attachment":[{"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/media?parent=740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/categories?post=740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/tags?post=740"},{"taxonomy":"ifam_industry","embeddable":true,"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/ifam_industry?post=740"},{"taxonomy":"ifam_strategy","embeddable":true,"href":"https:\/\/ifa.ai\/research\/wp-json\/wp\/v2\/ifam_strategy?post=740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}