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\u6240\u4ee5\u9a57\u8b49\u9ede\u6709\u5169\u500b\u3002<\/strong> \u7b2c\u4e00\u662f\u71df\u696d\u5229\u76ca\u7387\u8981\u56de\u5230 8.9%\uff082025 \u5e74\u5168\u5e74\uff09\u4ee5\u4e0a<\/strong>\u2014\u20142026 \u5e74\u4e0a\u534a\u5e74\u662f 7.5%\uff0c\u800c\u9019\u4e00\u6a94\u4e0a\u534a\u5e74\u901a\u5e38\u4f4e\u65bc\u5168\u5e74\uff082025 \u5e74\u4e0a\u534a\u5e74 7.6% vs 2025 \u5e74 8.9%\uff09\uff0c\u6240\u4ee5\u8981\u770b\u7b2c 3\u30014 \u5b63\u88dc\u4e0d\u88dc\u5f97\u56de\u4f86\u3002\u7b2c\u4e8c\u662f\u4f11\u9592\u4e8b\u696d\u90e8\u9580\u7684\u90e8\u9580\u5229\u76ca\u8981\u505c\u6b62\u5e74\u6e1b<\/strong>\uff1a\u5b83 2026 \u5e74\u4e0a\u534a\u5e74\u662f 3.19 \u5104\u5143\u3001-11.9%\uff0c\u800c\u5b83\u5360\u7684\u90e8\u9580\u5229\u76ca\u6bd4\u91cd\u4ecd\u6709 67%\u3002<\/p>\n","ifam_val_multiple":"","ifam_strategy_on":"","ifam_trades":"","ifam_valuation":"{\"matrix\":{\"corner\":\"\",\"title\":\"\",\"note\":\"\",\"columns\":[{\"order\":1,\"year\":\"2025(A)\",\"eps\":3.5,\"label\":\"2025(A)\uff1a3.5 \u5143\"}],\"rows\":[{\"order\":1,\"pe\":72.9,\"peLabel\":\"73 \u5143\",\"desc\":\"2026-11-13\",\"cells\":[{\"order\":1,\"price\":20.82857142857143,\"text\":\"20.8 \u500d\",\"hl\":false}]}]}}","ifam_val_range":"

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