{
  "financial_years": [
    "2020",
    "2021",
    "2022",
    "2023",
    "2024",
    "2025"
  ],
  "revenue_history": [
    2458.66,
    3283.09,
    2800.44,
    2709.7,
    3659.06,
    4572.87
  ],
  "net_profit_history": [
    203.56,
    193.39,
    24.74,
    174.75,
    236.58,
    416.43
  ],
  "roe_history": [
    19.86,
    14.82,
    1.76,
    11.36,
    13.41,
    18.31
  ],
  "gross_margin_history": [
    14.95,
    17.75,
    16.99,
    21.21,
    20.92,
    22.26
  ],
  "net_margin_history": [
    8.26,
    5.87,
    0.89,
    6.45,
    6.44,
    9.09
  ],
  "roe": "18.3%",
  "roic": "10.9%",
  "net_margin": "9.1%",
  "gross_margin": "22.3%",
  "revenue_growth": "25.0%",
  "profit_growth": "76.0%",
  "financial_health": {
    "debt_ratio": 47.6,
    "current_ratio": 1.32,
    "roic": 10.92,
    "fcf_margin": null
  },
  "eps": 1.62,
  "bps": 10.3,
  "currency": "HKD"
}

{
  "pe": "16.03",
  "pb": "2.11",
  "pe_quantile": null,
  "pb_quantile": null,
  "industry_pe": null,
  "dcf": "HK$7349.2亿",
  "pe_history": null,
  "dcf_simple": {
    "intrinsic_value_total": 734921552972.6351,
    "pv_fcfs": 317902599847.01245,
    "pv_terminal": 417018953125.6227,
    "assumptions": {
      "fcf_latest": 33314400000.0,
      "growth_5y": 0.1,
      "growth_terminal": 0.03,
      "wacc": 0.1
    }
  },
  "dcf_sensitivity": {
    "waccs": [
      8,
      9,
      10,
      11,
      12
    ],
    "growths": [
      6,
      8,
      10,
      12
    ],
    "values": [
      [
        43.58,
        49.23,
        55.58,
        62.69
      ],
      [
        36.12,
        40.68,
        45.78,
        51.49
      ],
      [
        30.81,
        34.58,
        38.81,
        43.52
      ],
      [
        26.83,
        30.03,
        33.6,
        37.58
      ],
      [
        23.74,
        26.5,
        29.57,
        32.99
      ]
    ],
    "current_price": 24.58
  }
}

{
  "intangible": null,
  "switching": null,
  "network": null,
  "scale": null,
  "scores": {
    "intangible": 5,
    "switching": 5,
    "network": 5,
    "scale": 5
  },
  "rd_summary": null,
  "web_search_snippets": {
    "intangible": [],
    "switching": [],
    "network": [],
    "scale": [],
    "rd": []
  },
  "moat_framework": [
    "intangible",
    "switching",
    "network",
    "scale",
    "efficient_scale"
  ]
}

{
  "kline_count": 599,
  "indicators": {
    "last_close": 24.58,
    "ma5": 26.907999999999998,
    "ma10": 27.788,
    "ma20": 28.906,
    "ma60": 30.950333333333333,
    "ma120": 33.86233333333333,
    "ma200": 39.75325,
    "above_ma20": false,
    "above_ma200": false,
    "ma_bull_alignment": false,
    "macd_dif": -1.1638901837004205,
    "macd_dea": -0.9028961870641173,
    "macd_hist": -0.5219879932726064,
    "macd_golden_cross": false,
    "rsi_14": 26.06516290726819,
    "year_high": 60.15,
    "year_low": 24.36,
    "pct_from_year_high": -57.04073150457191,
    "stage": 4,
    "vol_5_vs_20": 0.9813031279535884,
    "vcp_score": 0
  },
  "stage": "Stage 4 下跌",
  "ma_align": "非多头",
  "macd": "水下",
  "rsi": "26",
  "chip_distribution": null,
  "candles_60d": [
    {
      "date": "2026-03-13",
      "open": 33.3,
      "close": 33.32,
      "high": 33.68,
      "low": 32.78
    },
    {
      "date": "2026-03-16",
      "open": 33.52,
      "close": 35.2,
      "high": 35.28,
      "low": 33.4
    },
    {
      "date": "2026-03-17",
      "open": 35.4,
      "close": 35.36,
      "high": 36.62,
      "low": 35.22
    },
    {
      "date": "2026-03-18",
      "open": 35.38,
      "close": 35.14,
      "high": 35.8,
      "low": 34.56
    },
    {
      "date": "2026-03-19",
      "open": 36.06,
      "close": 36.32,
      "high": 37.18,
      "low": 35.7
    },
    {
      "date": "2026-03-20",
      "open": 35.5,
      "close": 33.2,
      "high": 35.64,
      "l
... (truncated)

{
  "is_south_bound_sh": true,
  "is_south_bound_sz": true,
  "south_bound_eligibility": "沪+深",
  "north_bound": null,
  "margin_balance": null,
  "main_flow_recent": null,
  "mv_history_30d": [
    {
      "date": "2022-05-31",
      "market_value": 3032.91
    },
    {
      "date": "2022-06-01",
      "market_value": 3037.91
    },
    {
      "date": "2022-06-02",
      "market_value": 2987.94
    },
    {
      "date": "2022-06-06",
      "market_value": 3082.88
    },
    {
      "date": "2022-06-07",
      "market_value": 3032.91
    },
    {
      "date": "2022-06-08",
      "market_value": 3142.84
    },
    {
      "date": "2022-06-09",
      "market_value": 3042.91
    },
    {
      "date": "2022-06-10",
      "market_value": 3042.91
    },
    {
      "date": "2022-06-13",
      "market_value": 2927.98
    },
    {
      "date": "2022-06-14",
      "market_value": 2868.03
    },
    {
      "date": "2022-06-15",
      "market_value": 2967.96
    },
    {
      "date": "2022-06-16",
      "market_value": 2848.04
    },
    {
      "date": "2022-06-17",
      "market_value": 2947.97
    },
    {
      "date": "2022-06-20",
      "market_value": 2947.97
    },
    {
      "date": "2022-06-21",
      "market_value": 2997.94
    },
    {
      "date": "2022-06-22",
      "market_value": 2903.0
    },
    {
      "date": "2022-06-23",
      "market_value": 2957.96
    },
    {
      "date": "2022-06-24",
      "market_value": 3052.9
    },
    {
      "date": "2022-06-
... (truncated)

{
  "_note": "lhb only A-share"
}

{
  "industry": "资讯科技器材",
  "self": {
    "code": "01810.HK",
    "industry": "资讯科技器材",
    "incorporation_country": "Cayman Islands 开曼群岛（英属）",
    "incorporation_date": "2010-01-05",
    "employees": "60438",
    "auditor": "罗兵咸永道会计师事务所",
    "year_end": "12-31",
    "intro": "    小米集团是一家以手机、智能硬件和IoT平台为核心的互联网公司。公司的产品按照产品功能、形态及模式,大体上可以划分为智能手机、IoT和生活消费产品、互联网服务产品。作为一家由工程师和设计师创建的公司,小米集团崇尚大胆创新的互联网文化,并不断探索前沿科技。创新精神在小米蓬勃发展并渗透到每个角落,并引导小米集团所做的一切。同时,小米集团不懈追求效率的持续提升。小米集团致力於降低运营成本,并同时把效率提升产生的价值回馈给小米集团的用户。小米集团独特且强大的铁人三项商业模式由三个相互协作的支柱组成(1)创新、高质量、精心设计且专注於卓越用户体验的硬件,(2)使小米集团能以厚道的价格销售产品的高效新零售和(3)丰富的互联网服务。",
    "isin": "KYG9830T1067",
    "lot_size": "200",
    "issue_price": "17",
    "is_south_bound_sh": true,
    "is_south_bound_sz": true,
    "pe_ttm": 16.03,
    "pb": 2.11,
    "market_cap_raw": 489358926477.531,
    "market_cap": "4655.0亿",
    "_ranks": {
      "code5": "01810",
      "valuation": {
        "pe_ttm": 16.03,
        "pe_ttm_rank": 12,
        "pb_mrq": 2.11,
        "pb_mrq_rank": 34,
        "ps_ttm": 1.34089291263,
        "ps_ttm_rank": 37,
        "pcf_ttm": 21.61997662925,
        "pcf_ttm_rank": 24
      },
      "growth": {
        "eps_yoy": -59.090909090909,
        "eps_yoy_rank": 6,
        "revenue_yoy": -10.918640169806,
        "revenue_yoy_rank": 6
      },
      "scale": {
        "market_cap": 489358926477.531,
        "market_cap_rank": 1,
        "revenue": 99141618000.0,
        "revenue_rank": 1,
        "net_
... (truncated)

{
  "main_business_breakdown": null,
  "main_business_raw": null,
  "ths_zyjs": null,
  "products": null,
  "upstream": null,
  "downstream": null,
  "client_concentration": null,
  "supplier_concentration": null,
  "_note": "上下游基于主营/产品/经营范围推断，精确数据需年报附注"
}

{
  "industry": "资讯科技器材",
  "growth": null,
  "tam": null,
  "penetration": null,
  "lifecycle": null,
  "note": null,
  "cninfo_metrics": null,
  "total_companies": null,
  "industry_pe_weighted": null,
  "dynamic_snippets": null,
  "needs_web_search": true,
  "web_search_queries": [
    "资讯科技器材 行业景气度 2026",
    "资讯科技器材 市场规模 TAM",
    "资讯科技器材 渗透率 提升空间"
  ],
  "_autofill_failed": {
    "query": "资讯科技器材 2026 行业增速 TAM 市场规模 渗透率",
    "reason": "MX/ddgs 都没有返回内容"
  }
}

{
  "core_material": null,
  "price_trend": null,
  "price_history_12m": null,
  "materials_detail": null,
  "cost_share": null,
  "import_dep": null,
  "industry_resolved": "01810.HK",
  "_autofill_failed": {
    "query": "01810.HK 01810 主营业务 主要原材料 成本构成",
    "reason": "MX/ddgs 都没有返回内容"
  }
}

{
  "linked_contract": "无直接关联品种",
  "contract_trend": null,
  "note": "资讯科技器材 行业与期货市场无强相关品种",
  "_autofill_failed": {
    "query": "资讯科技器材 行业 上下游 期货品种 套保 大宗",
    "reason": "MX/ddgs 都没有返回内容"
  }
}

{
  "pledge": null,
  "insider_trades_1y": null,
  "qualitative_search": [
    "01810.HK 关联交易 违规 处罚",
    "01810.HK 股权激励"
  ]
}

{
  "event_timeline": null,
  "recent_news": null,
  "recent_notices": null,
  "catalysts": null,
  "warnings": null,
  "_note": "HK 公司公告原文走 hkexnews 法定披露源 + 中文 web search 兜底；若需更精确事件抽取，agent 用 Playwright 打开 hkexnews titlesearch.xhtml POST",
  "_autofill_failed": {
    "query": "01810.HK 01810 最新公告 重大事件 业绩 合同",
    "reason": "MX/ddgs 都没有返回内容"
  }
}

{
  "report_count": 0
}

{
  "rate_cycle": "中性（2026 货币政策）",
  "fx_trend": "中性（人民币走势）",
  "geo_risk": "中性（地缘风险）",
  "commodity": "中性（大宗周期）",
  "industry_macro_impact": "中性",
  "web_search_snippets": {
    "rate_cycle": [],
    "us_rate": [],
    "fx_trend": [],
    "geo_risk": [],
    "commodity": [],
    "industry_macro": []
  },
  "year": 2026,
  "industry": "资讯科技器材",
  "_autofill_failed": {
    "query": "资讯科技器材 2026 宏观环境 利率周期 汇率 大宗商品 行业影响",
    "reason": "MX/ddgs 都没有返回内容"
  }
}

{
  "policy_dir": null,
  "subsidy": null,
  "monitoring": null,
  "anti_trust": null,
  "snippets": {
    "policy_dir": [],
    "subsidy": [],
    "monitoring": [],
    "anti_trust": []
  },
  "year": 2026,
  "industry": "资讯科技器材",
  "cfachina_titles_count": 0,
  "_autofill_failed": {
    "query": "资讯科技器材 2026 国家政策 监管动态 补贴 税收 影响",
    "reason": "MX/ddgs 都没有返回内容"
  }
}

{
  "xueqiu_heat": "热度 18",
  "thermometer_value": 18,
  "guba_volume": "0 条结果",
  "big_v_mentions": null,
  "positive_pct": "100.0%",
  "sentiment_label": "乐观",
  "platform_snippets": {
    "xueqiu": [],
    "guba": [],
    "zhihu": [],
    "weibo": [],
    "xiaohongshu": [],
    "big_v": []
  },
  "platform_hits": {
    "xueqiu": 0,
    "guba": 0,
    "zhihu": 0,
    "weibo": 0,
    "xiaohongshu": 0,
    "big_v": 0
  },
  "total_mentions": 0,
  "hot_trend_mentions": {
    "stock_name": "1810",
    "keywords_used": [
      "1810",
      "18",
      "10"
    ],
    "platforms_checked": 6,
    "platforms_ok": 6,
    "mentions": {
      "weibo": [],
      "zhihu": [
        {
          "rank": 16,
          "title": "如何看待高考考生忘带准考证，母亲提前 10 分钟送证到考场，考生不知情仍在校门口等，迟到 1 分钟被禁入考场？",
          "url": "https://www.zhihu.com/question/2048113348726580919",
          "hot_score": 0,
          "platform": "zhihu",
          "extra": "90 万热度"
        }
      ],
      "baidu": [],
      "douyin": [],
      "toutiao": [
        {
          "rank": 28,
          "title": "家长为防网贷让18岁孩子征信逾期",
          "url": "https://www.toutiao.com/trending/7649363496249118244/",
          "hot_score": 1937144,
          "platform": "toutiao",
          "extra": ""
        }
      ],
      "bilibili": []
    },
    "total_hits": 2,
    "by_platform_count": {
      "weibo": 0,
      "zhihu": 1,
      "baidu": 0,
      "douyin": 0,
      "toutiao": 1,
      "bilibili": 0
    }
  },
  "hot_trend_hit_count": 2,
  "ne
... (truncated)

{
  "trap_level": "🟢 安全",
  "trap_score": 9,
  "signals_hit": "0/8",
  "signals_hit_count": 0,
  "signals_hit_detail": null,
  "recommendation": "数据正常，未发现明显推广痕迹。",
  "evidence_count": 0,
  "high_risk_kw": "未发现",
  "snippets": {
    "signal_1": [],
    "signal_2": [],
    "signal_3": [],
    "signal_4": [],
    "signal_5": [],
    "signal_6": [],
    "signal_7": [],
    "signal_8": []
  }
}

{
  "xueqiu_cubes": null,
  "xueqiu_meta": {
    "http_status": 200,
    "source": "http",
    "login_required": true,
    "hint": "set UZI_XQ_LOGIN=1 + run `python -m lib.xueqiu_browser login` (one-time)"
  },
  "tgb_mentions": null,
  "ths_simu": [
    {
      "note": "ths simu endpoint requires login or blocked"
    }
  ],
  "dpswang": null,
  "summary": {
    "xueqiu_cubes_total": 0,
    "high_return_cubes": 0,
    "s_tier_holders": 0,
    "a_tier_holders": 0,
    "b_tier_holders": 0,
    "tgb_mentions_count": 0,
    "ths_evidence_count": 0,
    "xueqiu_login_required": true,
    "xueqiu_source": "http"
  },
  "fallback_queries": [
    "淘股吧 实盘 1810 持仓",
    "挑战者杯 1810",
    "雪球 实盘组合 1810 50%",
    "全国期货实盘大赛 1810"
  ],
  "_note": "⚠️ XueQiu cubes 接口 2026 起需登录。当前未启用 Playwright 登录，0 cube 收录。如需启用：export UZI_XQ_LOGIN=1 然后 python -m lib.xueqiu_browser login 一次性登录。或 --skip-login-sources 接受跳过（其他维度不影响）。"
}