COMMAND verify-market-cap --price 80.97 --shares 1423396462.000000000 --reported 115250000000 --currency USD ============================================================ 市值验算 (Market Cap Verification) ============================================================ 股价 (Price): 80.97 USD 总股本 (Shares): 1.42B 计算市值: 115.25B USD 报告市值: 115.25B USD 偏差: 0.00% ✅ 验证通过, 偏差仅 0.00% COMMAND cross-validate --field 2025 revenue --values {"20F":431845.713,"StockAnalysis":431846} --unit CNY_million ============================================================ 交叉验证: 2025 revenue (Cross-Validation) ============================================================ 数据来源数: 2 参考中位数: 431,845.86 CNY_million ✅ 20F : 431,845.71 CNY_million (偏差 0.00%) ✅ StockAnalysis : 431,846.00 CNY_million (偏差 0.00%) ✅ 所有来源偏差 ≤ 2.0%, 数据一致 共识值 (加权中位数): 431,845.86 CNY_million COMMAND cross-validate --field 2025 net_income --values {"20F":97842.539,"StockAnalysis":97843} --unit CNY_million ============================================================ 交叉验证: 2025 net_income (Cross-Validation) ============================================================ 数据来源数: 2 参考中位数: 97,842.77 CNY_million ✅ 20F : 97,842.54 CNY_million (偏差 0.00%) ✅ StockAnalysis : 97,843.00 CNY_million (偏差 0.00%) ✅ 所有来源偏差 ≤ 2.0%, 数据一致 共识值 (加权中位数): 97,842.77 CNY_million COMMAND cross-validate --field 2026Q2 cash_short_investment --values {"company":456414,"StockAnalysis":456414} --unit CNY_million ============================================================ 交叉验证: 2026Q2 cash_short_investment (Cross-Validation) ============================================================ 数据来源数: 2 参考中位数: 456,414.00 CNY_million ✅ company : 456,414.00 CNY_million (偏差 0.00%) ✅ StockAnalysis : 456,414.00 CNY_million (偏差 0.00%) ✅ 所有来源偏差 ≤ 2.0%, 数据一致 共识值 (加权中位数): 456,414.00 CNY_million COMMAND cross-validate --field ADS_shares_date_and_rounding_gap --values {"20F_March18":1423396462,"StockAnalysis_rounded_current":1420000000} --unit ADS ============================================================ 交叉验证: ADS_shares_date_and_rounding_gap (Cross-Validation) ============================================================ 数据来源数: 2 参考中位数: 1.42B ADS ✅ 20F_March18 : 1.42B ADS (偏差 0.12%) ✅ StockAnalysis_rounded_current: 1.42B ADS (偏差 0.12%) ✅ 所有来源偏差 ≤ 2.0%, 数据一致 共识值 (加权中位数): 1.42B ADS COMMAND cross-validate --field 20261016_close --values {"StockAnalysis":80.97,"MarketBeat":80.97} --unit USD ============================================================ 交叉验证: 20261016_close (Cross-Validation) ============================================================ 数据来源数: 2 参考中位数: 80.97 USD ✅ StockAnalysis : 80.97 USD (偏差 0.00%) ✅ MarketBeat : 80.97 USD (偏差 0.00%) ✅ 所有来源偏差 ≤ 2.0%, 数据一致 共识值 (加权中位数): 80.97 USD COMMAND cross-validate --field 2025_profit_unaudited_vs_audited_DIFFERENCE --values {"20F":97842.539,"March_announcement":99364.469} --unit CNY_million ============================================================ 交叉验证: 2025_profit_unaudited_vs_audited_DIFFERENCE (Cross-Validation) ============================================================ 数据来源数: 2 参考中位数: 98,603.50 CNY_million ✅ 20F : 97,842.54 CNY_million (偏差 0.77%) ✅ March_announcement : 99,364.47 CNY_million (偏差 0.77%) ✅ 所有来源偏差 ≤ 2.0%, 数据一致 共识值 (加权中位数): 98,603.50 CNY_million COMMAND verify-valuation --price 80.97 --eps 9.66851583396004835552555331076062741 --bvps 47.0204763041514008728824377597786212 --fcf-per-share 10.2755683312932862030745515612242842 --dividend 0 ============================================================ 估值指标验算 (Valuation Verification) ============================================================ 当前股价: 80.97 PE (TTM): 80.97 / 9.668515833960049 = 8.37x 盈利收益率: 11.94% PB: 80.97 / 47.0204763041514 = 1.72x ROE: 9.668515833960049 / 47.0204763041514 = 20.56% P/FCF: 80.97 / 10.275568331293286 = 7.88x FCF Yield: 12.69% 股息率: 0.0 / 80.97 = 0.00% ✅ 以上指标均使用精确十进制计算, 无浮点误差 COMMAND three-scenario --price 80.97 --eps 9.66851583396004835552555331076062741 --shares 14.233964620 --growth .08 .02 -.10 --pe 14 10 7 --years 3 --currency USD ============================================================ 三情景估值模型 (Three-Scenario Valuation) ============================================================ 当前股价: 80.97 USD 当前EPS: 9.668515833960049 预测期: 3年 情景 年增速 目标PE 目标EPS 目标股价 涨跌幅 ------------ -------- -------- ---------- ---------- -------- 乐观 (Bull) 8% 14x 12.18 170.5 +110.6% 中性 (Base) 2% 10x 10.26 102.6 +26.7% 悲观 (Bear) -10% 7x 7.05 49.3 -39.1% ✅ 所有计算使用精确十进制, 结果可审计复现