{"id":735671,"date":"2026-03-03T19:49:03","date_gmt":"2026-03-03T11:49:03","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=735671"},"modified":"2026-03-03T19:49:03","modified_gmt":"2026-03-03T11:49:03","slug":"%e5%be%b7%e8%bf%85%e5%9c%a8%e8%a1%8c%e4%b8%9a%e7%8e%af%e5%a2%83%e6%81%b6%e5%8c%96%e8%83%8c%e6%99%af%e4%b8%8b%e7%9b%88%e5%88%a9%e5%a4%a7%e5%b9%85%e4%b8%8b%e6%bb%91","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=735671","title":{"rendered":"\u5fb7\u8fc5\u5728\u884c\u4e1a\u73af\u5883\u6076\u5316\u80cc\u666f\u4e0b\u76c8\u5229\u5927\u5e45\u4e0b\u6ed1"},"content":{"rendered":"<p><a href=\"https:\/\/finance.sina.com.cn\/zt_d\/subject-1768294371\" target=\"_blank\" rel=\"noopener\">\u4e13\u9898\uff1a\u805a\u7126\u7f8e\u80a12025\u5e74\u7b2c\u56db\u5b63\u5ea6\u8d22\u62a5<\/a><\/p>\n<p><strong>\u4e2d\u5c0f\u5ba2\u6237\u8d27\u8fd0\u91cf\u9996\u6b21\u5360<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%b5%b7%e8%bf%90\" title=\"View all posts in \u6d77\u8fd0\" target=\"_blank\" class=\"tag_link\">\u6d77\u8fd0<\/a>\u603b\u4e1a\u52a1\u91cf\u534a\u58c1\u6c5f\u5c71<\/strong><\/p>\n<p>\u745e\u58eb\u8fd0\u8f93\u4e0e<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%89%a9%e6%b5%81\" title=\"View all posts in \u7269\u6d41\" target=\"_blank\" class=\"tag_link\">\u7269\u6d41<\/a>\u4f01\u4e1a\u5fb7\u8fc5\u516c\u5e03\uff0c\u5728\u7ecf\u5386\u4e86\u4e00\u6574\u5e74\u7ecf\u6d4e\u73af\u5883\u6076\u5316\u540e\uff0c\u516c\u53f8 2025 \u5e74\u76c8\u5229\u5927\u5e45\u4e0b\u6ed1\u3002<\/p>\n<p>\u8fd9\u5bb6\u4f01\u4e1a\u8868\u793a\uff0c\u5168\u5e74\u7ecf\u5e38\u6027\u606f\u7a0e\u524d\u5229\u6da6\uff08\u5e02\u573a\u5e38\u7528\u76c8\u5229\u6307\u6807\uff09\u540c\u6bd4<strong>\u4e0b\u964d 17%<\/strong>\u30022025 \u5e74\u7ecf\u5e38\u6027 EBIT \u4e3a 13.8 \u4ebf\u745e\u90ce\uff0c\u516c\u53f8\u9884\u8ba1\u4eca\u5e74\u5c06\u5728<strong>12 \u4ebf \u201414 \u4ebf\u745e\u90ce\uff08\u7ea6\u5408 15.4 \u4ebf \u201418 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class=\"tag_link\">\u82af\u7247<\/a>\u4e0e\u4e91\u57fa\u7840\u8bbe\u65bd\u6301\u7eed\u9a71\u52a8\u8be5\u677f\u5757\u9700\u6c42\uff0c\u516c\u53f8\u6307\u51fa\uff0c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%be%8e%e5%9b%bd\" title=\"View all posts in \u7f8e\u56fd\" target=\"_blank\" class=\"tag_link\">\u7f8e\u56fd<\/a><a href=\"https:\/\/www.alphaseek.cn\/?tag=%e4%ba%91%e6%9c%8d%e5%8a%a1\" title=\"View all posts in \u4e91\u670d\u52a1\" target=\"_blank\" class=\"tag_link\">\u4e91\u670d\u52a1<\/a>\u4e0e\u6570\u636e\u4e2d\u5fc3\u5ba2\u6237\u76f8\u5173\u4e1a\u52a1\u5b9e\u73b0 \u201c\u8d85\u9884\u671f\u589e\u957f\u201d\uff0c\u4e14\u5728\u5e74\u672b\u8fdb\u4e00\u6b65\u52a0\u901f\u3002<\/p>\n<p>\u516c\u53f8 2025 \u5e74\u7b2c\u56db\u5b63\u5ea6\u5b9e\u73b0\u51c0\u5229\u6da6<strong>1.57 \u4ebf\u745e\u90ce<\/strong>\uff0c\u4f4e\u4e8e\u4e0a\u5e74\u540c\u671f\u7684 2.96 \u4ebf\u745e\u90ce\uff1b\u8425\u6536<strong>59.5 \u4ebf\u745e\u90ce<\/strong>\uff0c\u540c\u6bd4\u4e0b\u964d 12%\u3002FactSet 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