[
  {
    "id": 7,
    "label": "其他 · 十亿美元",
    "reported_value": 1.829,
    "unit": "",
    "raw_text": "| 其他 | 1.829 | 其他服务及商业合作 |",
    "line_number": 23,
    "category": "fact",
    "expected_unrounded": "1.829",
    "fetched_value": 1.829,
    "fetched_source": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000026/amzn-20260630.htm",
    "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。"
  },
  {
    "id": 9,
    "label": "营业收入 · FY 2024",
    "reported_value": 637.959,
    "unit": "",
    "raw_text": "| 营业收入 | 574.785 | 637.959 | 716.924 | 775.680 |",
    "line_number": 67,
    "category": "fact",
    "expected_unrounded": "637.959",
    "fetched_value": 637.959,
    "fetched_source": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm",
    "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。",
    "fetched_value2": 637.959,
    "fetched_source2": "https://stockanalysis.com/stocks/amzn/financials/"
  },
  {
    "id": 8,
    "label": "营业收入 · FY 2023",
    "reported_value": 574.785,
    "unit": "",
    "raw_text": "| 营业收入 | 574.785 | 637.959 | 716.924 | 775.680 |",
    "line_number": 67,
    "category": "fact",
    "expected_unrounded": "574.785",
    "fetched_value": 574.785,
    "fetched_source": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm",
    "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。",
    "fetched_value2": 574.785,
    "fetched_source2": "https://stockanalysis.com/stocks/amzn/financials/"
  },
  {
    "id": 23,
    "label": "归属普通股净利润 · TTM",
    "reported_value": 135.281,
    "unit": "",
    "raw_text": "| 归属普通股净利润 | 30.425 | 59.248 | 77.670 | 135.281 |",
    "line_number": 70,
    "category": "fact",
    "expected_unrounded": "135.281",
    "fetched_value": 135.281,
    "fetched_source": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000026/amzn-20260630.htm ; latest annual + YTD current - YTD prior",
    "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。",
    "fetched_value2": 135.281,
    "fetched_source2": "https://stockanalysis.com/stocks/amzn/financials/"
  },
  {
    "id": 27,
    "label": "经营现金流 CFO · TTM",
    "reported_value": 161.403,
    "unit": "",
    "raw_text": "| 经营现金流 CFO | 84.946 | 115.877 | 139.514 | 161.403 |",
    "line_number": 71,
    "category": "fact",
    "expected_unrounded": "161.403",
    "fetched_value": 161.403,
    "fetched_source": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000026/amzn-20260630.htm ; latest annual + YTD current - YTD prior",
    "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。",
    "fetched_value2": 161.403,
    "fetched_source2": "https://stockanalysis.com/stocks/amzn/financials/"
  },
  {
    "id": 24,
    "label": "经营现金流 CFO · FY 2023",
    "reported_value": 84.946,
    "unit": "",
    "raw_text": "| 经营现金流 CFO | 84.946 | 115.877 | 139.514 | 161.403 |",
    "line_number": 71,
    "category": "fact",
    "expected_unrounded": "84.946",
    "fetched_value": 84.946,
    "fetched_source": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm",
    "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。",
    "fetched_value2": 84.946,
    "fetched_source2": "https://stockanalysis.com/stocks/amzn/financials/"
  },
  {
    "id": 29,
    "label": "现金资本开支 · FY 2024",
    "reported_value": 82.999,
    "unit": "",
    "raw_text": "| 现金资本开支 | 52.729 | 82.999 | 131.819 | 173.028 |",
    "line_number": 72,
    "category": "fact",
    "expected_unrounded": "82.999",
    "fetched_value": 82.999,
    "fetched_source": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm",
    "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。",
    "fetched_value2": 82.999,
    "fetched_source2": "https://stockanalysis.com/stocks/amzn/financials/"
  },
  {
    "id": 36,
    "label": "股权薪酬 SBC · FY 2023",
    "reported_value": 24.023,
    "unit": "",
    "raw_text": "| 股权薪酬 SBC | 24.023 | 22.011 | 19.467 | 19.314 |",
    "line_number": 74,
    "category": "fact",
    "expected_unrounded": "24.023",
    "fetched_value": 24.023,
    "fetched_source": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm",
    "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。",
    "fetched_value2": 24.023,
    "fetched_source2": "https://stockanalysis.com/stocks/amzn/financials/"
  },
  {
    "id": 51,
    "label": "现金CapEx/CFO · 本报告复算",
    "reported_value": 107.2,
    "unit": "%",
    "raw_text": "| 现金CapEx/CFO | 107.2% |",
    "line_number": 88,
    "category": "arithmetic",
    "expected_unrounded": "107.202468355606773108306537053214624",
    "fetched_value": 107.2,
    "fetched_source": "现金CapEx/CFO; 原始输入见 financial-verification.json",
    "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。"
  },
  {
    "id": 56,
    "label": "减：融资租赁及其他融资本金 · 金额",
    "reported_value": 1.907,
    "unit": "",
    "raw_text": "| 减：融资租赁及其他融资本金 | 1.907 |",
    "line_number": 100,
    "category": "fact",
    "expected_unrounded": "1.907",
    "fetched_value": 1.907,
    "fetched_source": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000026/amzn-20260630.htm; cash bridge",
    "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。"
  },
  {
    "id": 57,
    "label": "减：SBC经济成本代理 · 金额",
    "reported_value": 19.314,
    "unit": "",
    "raw_text": "| 减：SBC经济成本代理 | 19.314 |",
    "line_number": 101,
    "category": "fact",
    "expected_unrounded": "19.314",
    "fetched_value": 19.314,
    "fetched_source": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000026/amzn-20260630.htm; cash bridge",
    "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。"
  },
  {
    "id": 58,
    "label": "研究现金代理 · 金额",
    "reported_value": -32.846,
    "unit": "",
    "raw_text": "| 研究现金代理 | -32.846 |",
    "line_number": 102,
    "category": "arithmetic",
    "expected_unrounded": "-32.846",
    "fetched_value": -32.846,
    "fetched_source": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000026/amzn-20260630.htm; cash bridge",
    "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。"
  },
  {
    "id": 60,
    "label": "公开已发行股数（十亿） · 复算结果",
    "reported_value": 10.786314,
    "unit": "",
    "raw_text": "| 公开已发行股数（十亿） | 10.786314 |",
    "line_number": 113,
    "category": "fact",
    "expected_unrounded": "10.786313572",
    "fetched_value": 10.786314,
    "fetched_source": "shares-assets-review.md",
    "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。"
  },
  {
    "id": 63,
    "label": "总市值/TTM归属利润 · 复算结果",
    "reported_value": 19.93,
    "unit": "倍",
    "raw_text": "| 总市值/TTM归属利润 | 19.93倍 |",
    "line_number": 116,
    "category": "arithmetic",
    "expected_unrounded": "19.9331642507077860157745729259836932",
    "fetched_value": 19.93,
    "fetched_source": "价格×公开股数/归属利润; 原始输入见 financial-verification.json",
    "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。"
  },
  {
    "id": 71,
    "label": "FY 2024 · PS（倍）",
    "reported_value": 3.62,
    "unit": "",
    "raw_text": "| FY 2024 | 38.94 | 3.62 |",
    "line_number": 129,
    "category": "vendor_snapshot",
    "expected_unrounded": "3.62",
    "fetched_value": 3.62,
    "fetched_source": "https://stockanalysis.com/stocks/amzn/financials/",
    "method_note": "历史财年末供应商快照，未取得独立同日价格与股本重建，保留单源边界。"
  },
  {
    "id": 72,
    "label": "FY 2025 · PE（倍）",
    "reported_value": 31.77,
    "unit": "",
    "raw_text": "| FY 2025 | 31.77 | 3.44 |",
    "line_number": 130,
    "category": "vendor_snapshot",
    "expected_unrounded": "31.77",
    "fetched_value": 31.77,
    "fetched_source": "https://stockanalysis.com/stocks/amzn/financials/",
    "method_note": "历史财年末供应商快照，未取得独立同日价格与股本重建，保留单源边界。"
  },
  {
    "id": 148,
    "label": "折现率采用9.59%",
    "reported_value": 10.0,
    "unit": "",
    "raw_text": "折现率采用9.59%：10月16日美元10年国债收益率5.09%加主观经营风险溢价4.5%。这是经营资产要求回报假设，不冒称已由CAPM和资本结构精算的WACC。Apple/Microsoft用3.5个百分点，Google4、Amazon/",
    "line_number": 216,
    "category": "extraction_noise",
    "method_note": "抽取的是日期、来源链接或句中月份，不是财务数值；保留样本但不计数字核验通过。"
  },
  {
    "id": 104,
    "label": "悲观 · 前五年现金率逐年路径",
    "reported_value": -4.0,
    "unit": "%",
    "raw_text": "| 悲观 | 8.0% | 4.0% | -4%→-2%→0%→2%→4% | 4.0% | 2.0% | 37.59 |",
    "line_number": 222,
    "category": "assumption_consistency",
    "expected_unrounded": "-4.00",
    "fetched_value": -4.0,
    "fetched_source": "valuation-assumptions.json",
    "method_note": "仅核对假设转录一致；不把预测当外部事实，现金路径抽取器只识别第一个数，全路径另由模型复算。"
  },
  {
    "id": 109,
    "label": "基准 · 后五年收入CAGR",
    "reported_value": 8.0,
    "unit": "%",
    "raw_text": "| 基准 | 14.0% | 8.0% | -3%→0%→3%→6%→9% | 9.0% | 3.0% | 164.07 |",
    "line_number": 223,
    "category": "assumption_consistency",
    "expected_unrounded": "8.00",
    "fetched_value": 8.0,
    "fetched_source": "valuation-assumptions.json",
    "method_note": "仅核对假设转录一致；不把预测当外部事实，现金路径抽取器只识别第一个数，全路径另由模型复算。"
  },
  {
    "id": 108,
    "label": "基准 · 前五年收入CAGR",
    "reported_value": 14.0,
    "unit": "%",
    "raw_text": "| 基准 | 14.0% | 8.0% | -3%→0%→3%→6%→9% | 9.0% | 3.0% | 164.07 |",
    "line_number": 223,
    "category": "assumption_consistency",
    "expected_unrounded": "14.00",
    "fetched_value": 14.0,
    "fetched_source": "valuation-assumptions.json",
    "method_note": "仅核对假设转录一致；不把预测当外部事实，现金路径抽取器只识别第一个数，全路径另由模型复算。"
  },
  {
    "id": 115,
    "label": "乐观 · 后五年收入CAGR",
    "reported_value": 10.0,
    "unit": "%",
    "raw_text": "| 乐观 | 18.0% | 10.0% | 0%→3%→7%→11%→14% | 14.0% | 3.0% | 338.38 |",
    "line_number": 224,
    "category": "assumption_consistency",
    "expected_unrounded": "10.0",
    "fetched_value": 10.0,
    "fetched_source": "valuation-assumptions.json",
    "method_note": "仅核对假设转录一致；不把预测当外部事实，现金路径抽取器只识别第一个数，全路径另由模型复算。"
  },
  {
    "id": 130,
    "label": "中性 · 第五年条件价格USD",
    "reported_value": 363.64,
    "unit": "",
    "raw_text": "| 中性 | 16.0% | 25 | 363.64 | 7.8% |",
    "line_number": 264,
    "category": "arithmetic",
    "expected_unrounded": "363.636410360073666881154157493837043",
    "fetched_value": 363.64,
    "fetched_source": "(TTM营业利润×80%×增长因子×退出倍数+净金融资产)/情景股份",
    "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。"
  },
  {
    "id": 140,
    "label": "简单平均 · 评分/5",
    "reported_value": 3.7,
    "unit": "",
    "raw_text": "| 简单平均 | 3.70 |",
    "line_number": 288,
    "category": "assumption_consistency",
    "expected_unrounded": "3.7",
    "fetched_value": 3.7,
    "fetched_source": "四项主观评分简单平均",
    "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。"
  }
]