COMMAND verify-market-cap --price 142.2 --shares 1331779203 --reported 189379000000 --currency HKD ============================================================ 市值验算 (Market Cap Verification) ============================================================ 股价 (Price): 142.2 HKD 总股本 (Shares): 1.33B 计算市值: 189.38B HKD 报告市值: 189.38B HKD 偏差: 0.00% ✅ 验证通过, 偏差仅 0.00% COMMAND cross-validate --field 2025收入 --values {"HKEX":37120.052,"StockAnalysis":37120} --unit 百万元人民币 ============================================================ 交叉验证: 2025收入 (Cross-Validation) ============================================================ 数据来源数: 2 参考中位数: 37,120.03 百万元人民币 ✅ HKEX : 37,120.05 百万元人民币 (偏差 0.00%) ✅ StockAnalysis : 37,120.00 百万元人民币 (偏差 0.00%) ✅ 所有来源偏差 ≤ 2.0%, 数据一致 共识值 (加权中位数): 37,120.03 百万元人民币 COMMAND cross-validate --field 2025归母利润 --values {"HKEX":12775.689,"StockAnalysis":12776} --unit 百万元人民币 ============================================================ 交叉验证: 2025归母利润 (Cross-Validation) ============================================================ 数据来源数: 2 参考中位数: 12,775.84 百万元人民币 ✅ HKEX : 12,775.69 百万元人民币 (偏差 0.00%) ✅ StockAnalysis : 12,776.00 百万元人民币 (偏差 0.00%) ✅ 所有来源偏差 ≤ 2.0%, 数据一致 共识值 (加权中位数): 12,775.84 百万元人民币 COMMAND cross-validate --field 2026H1收入 --values {"HKEX":17172.921,"东方财富":17173} --unit 百万元人民币 ============================================================ 交叉验证: 2026H1收入 (Cross-Validation) ============================================================ 数据来源数: 2 参考中位数: 17,172.96 百万元人民币 ✅ HKEX : 17,172.92 百万元人民币 (偏差 0.00%) ✅ 东方财富 : 17,173.00 百万元人民币 (偏差 0.00%) ✅ 所有来源偏差 ≤ 2.0%, 数据一致 共识值 (加权中位数): 17,172.96 百万元人民币 COMMAND cross-validate --field 2026H1归母利润 --values {"HKEX":5038.384,"东方财富":5038} --unit 百万元人民币 ============================================================ 交叉验证: 2026H1归母利润 (Cross-Validation) ============================================================ 数据来源数: 2 参考中位数: 5,038.19 百万元人民币 ✅ HKEX : 5,038.38 百万元人民币 (偏差 0.00%) ✅ 东方财富 : 5,038.00 百万元人民币 (偏差 0.00%) ✅ 所有来源偏差 ≤ 2.0%, 数据一致 共识值 (加权中位数): 5,038.19 百万元人民币 COMMAND cross-validate --field 股本 --values {"HKEX_9月月报":1331779203,"Webb":1331779203} --unit 股 ============================================================ 交叉验证: 股本 (Cross-Validation) ============================================================ 数据来源数: 2 参考中位数: 1.33B 股 ✅ HKEX_9月月报 : 1.33B 股 (偏差 0.00%) ✅ Webb : 1.33B 股 (偏差 0.00%) ✅ 所有来源偏差 ≤ 2.0%, 数据一致 共识值 (加权中位数): 1.33B 股 COMMAND verify-valuation --price 142.2 --eps 11.66827040409560260828370116273272829985 --bvps 20.32212404177662559995683166054544927184 --fcf-per-share 5.425571392963031652992695799384563295545 ============================================================ 估值指标验算 (Valuation Verification) ============================================================ 当前股价: 142.2 PE (TTM): 142.2 / 11.668270404095603 = 12.19x 盈利收益率: 8.21% PB: 142.2 / 20.322124041776625 = 7.00x ROE: 11.668270404095603 / 20.322124041776625 = 57.42% P/FCF: 142.2 / 5.425571392963032 = 26.21x FCF Yield: 3.82% ✅ 以上指标均使用精确十进制计算, 无浮点误差 COMMAND calc --expr ((57.8000/(1.11**1))+(53.37601218182602480829371904178603717959/(1.11**2))+(49.18400255652585203515411646660149559623/(1.11**3))+(45.21337870639845307174309170597473680766/(1.11**4))+(41.45399806255924322915751149808391170182/(1.11**5))+(37.89614963578404358167538121983640716657/(1.11**6))+(34.53053646710282691382564810691997125155/(1.11**7))+(31.34825877040376701124734989483596795524/(1.11**8))+(28.34079774035954901251612488184579330714/(1.11**9))+(25.50000000000000000000000000000000000000/(1.11**10))+(25.50000000000000000000000000000000000000*(1+0)/(0.11-0)/(1.11**10))+99.62252)/13.31779203/0.8520 ============================================================ 精确计算 (Exact Calculator) ============================================================ 表达式: ((57.8000/(1.11**1))+(53.37601218182602480829371904178603717959/(1.11**2))+(49.18400255652585203515411646660149559623/(1.11**3))+(45.21337870639845307174309170597473680766/(1.11**4))+(41.45399806255924322915751149808391170182/(1.11**5))+(37.89614963578404358167538121983640716657/(1.11**6))+(34.53053646710282691382564810691997125155/(1.11**7))+(31.34825877040376701124734989483596795524/(1.11**8))+(28.34079774035954901251612488184579330714/(1.11**9))+(25.50000000000000000000000000000000000000/(1.11**10))+(25.50000000000000000000000000000000000000*(1+0)/(0.11-0)/(1.11**10))+99.62252)/13.31779203/0.8520 结果: 38.56 精确值: 38.56266379088605 COMMAND calc --expr ((85.0000/(1.11**1))+(89.83031026716464174173633522029955494836/(1.11**2))+(94.91377459568723213843190961882005440773/(1.11**3))+(100.2619181896895674229401781722961524468/(1.11**4))+(105.8866340730184766942846724235974964173/(1.11**5))+(111.8001784196405466092951389090646558803/(1.11**6))+(118.0151634869025880343576740579283402541/(1.11**7))+(124.5445478450771602651409058353282081708/(1.11**8))+(131.4016235659723172282579400655382114509/(1.11**9))+(138.6000000000000000000000000000000000004/(1.11**10))+(138.6000000000000000000000000000000000004*(1+0.02)/(0.11-0.02)/(1.11**10))+99.62252)/13.31779203/0.8520 ============================================================ 精确计算 (Exact Calculator) ============================================================ 表达式: ((85.0000/(1.11**1))+(89.83031026716464174173633522029955494836/(1.11**2))+(94.91377459568723213843190961882005440773/(1.11**3))+(100.2619181896895674229401781722961524468/(1.11**4))+(105.8866340730184766942846724235974964173/(1.11**5))+(111.8001784196405466092951389090646558803/(1.11**6))+(118.0151634869025880343576740579283402541/(1.11**7))+(124.5445478450771602651409058353282081708/(1.11**8))+(131.4016235659723172282579400655382114509/(1.11**9))+(138.6000000000000000000000000000000000004/(1.11**10))+(138.6000000000000000000000000000000000004*(1+0.02)/(0.11-0.02)/(1.11**10))+99.62252)/13.31779203/0.8520 结果: 112.05 精确值: 112.05342031547295 COMMAND calc --expr ((104.7200/(1.11**1))+(117.1879596117981091983141775356404714667/(1.11**2))+(131.0994870592423956415833817523158758249/(1.11**3))+(146.6168607162875702811796056642295881881/(1.11**4))+(163.9199910626720557621437898301892829804/(1.11**5))+(183.2082557055413960269431717026895968688/(1.11**6))+(204.7025141131390587375199983685757561983/(1.11**7))+(228.6473179978978094585843858646112856208/(1.11**8))+(255.3133344363444381659905859642724825252/(1.11**9))+(285.0000000000000000000000000000000000008/(1.11**10))+(285.0000000000000000000000000000000000008*(1+0.03)/(0.11-0.03)/(1.11**10))+99.62252)/13.31779203/0.8520 ============================================================ 精确计算 (Exact Calculator) ============================================================ 表达式: ((104.7200/(1.11**1))+(117.1879596117981091983141775356404714667/(1.11**2))+(131.0994870592423956415833817523158758249/(1.11**3))+(146.6168607162875702811796056642295881881/(1.11**4))+(163.9199910626720557621437898301892829804/(1.11**5))+(183.2082557055413960269431717026895968688/(1.11**6))+(204.7025141131390587375199983685757561983/(1.11**7))+(228.6473179978978094585843858646112856208/(1.11**8))+(255.3133344363444381659905859642724825252/(1.11**9))+(285.0000000000000000000000000000000000008/(1.11**10))+(285.0000000000000000000000000000000000008*(1+0.03)/(0.11-0.03)/(1.11**10))+99.62252)/13.31779203/0.8520 结果: 208.61 精确值: 208.6090781797018