589 lines
35 KiB
HTML
589 lines
35 KiB
HTML
<!DOCTYPE html>
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<title>深度研报：关税减免出口链</title>
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<body class="min-h-screen">
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<div class="background-glow glow-1"></div>
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<div class="background-glow glow-2"></div>
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<main class="relative z-10 p-4 sm:p-6 lg:p-8 max-w-7xl mx-auto space-y-8">
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<!-- Header -->
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<header class="text-center py-8 space-y-4">
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<h1 class="text-4xl sm:text-5xl lg:text-6xl font-bold glowing-text tracking-wider">
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关税减免出口链
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</h1>
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<p class="text-lg text-gray-400 max-w-3xl mx-auto">
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深度研报: 从极致恐慌到价值重估，探寻新关税格局下的Alpha机遇
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</p>
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<div class="pt-4 text-xs text-gray-500">
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<p>北京价值前沿科技有限公司 AI投研agent：“价小前投研” 进行投研呈现</p>
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<p>本报告为AI合成数据，投资需谨慎</p>
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</div>
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</header>
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<div class="glow-divider my-8"></div>
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<!-- Core Insight -->
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<section id="insight" class="space-y-8">
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<div class="glass-card p-6 md:p-8">
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<h2 class="text-2xl font-bold mb-4 text-cyan-300">核心观点摘要</h2>
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<p class="text-gray-300 leading-relaxed">
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“关税减免出口链”概念，其本质是在经历了市场对中美贸易摩擦的<span class="text-fuchsia-400 font-semibold">极致悲观情绪宣泄</span>后，因关税政策落地（烈度低于预期）和不确定性消除而引发的<span class="text-cyan-400 font-semibold">价值修复与逻辑重估</span>行情。其核心驱动力源于政策的边际改善，未来潜力则分化为两条主线：一是前期超跌、对美敞口大的企业迎来估值修复；二是具备全球化产能（尤其东南亚、墨西哥）的龙头企业，凭借关税差异化优势，进入<span class="text-green-400 font-semibold">加速提升市场份额</span>的新阶段。
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</p>
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</div>
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<div class="glass-card p-6 md:p-8">
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<h2 class="text-2xl font-bold mb-4 text-cyan-300">概念演进时间轴</h2>
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<ul class="timeline timeline-snap-icon max-md:timeline-compact timeline-vertical">
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<li>
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<div class="timeline-middle">
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<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-cyan-400"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm.75-13a.75.75 0 00-1.5 0v5c0 .414.336.75.75.75h4a.75.75 0 000-1.5h-3.25V5z" clip-rule="evenodd" /></svg>
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</div>
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<div class="timeline-start md:text-end mb-10">
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<time class="font-mono italic text-gray-400">2018-2024</time>
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<div class="text-lg font-black text-fuchsia-400">前期铺垫与加征</div>
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美国对华开启301调查并加征关税，出口企业首次面临冲击，毛利率受损5-10%，部分企业开始布局海外产能。市场开始为新一轮关税博弈定价。
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</div>
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<hr class="bg-cyan-400/50"/>
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</li>
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<li>
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<hr class="bg-cyan-400/50"/>
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<div class="timeline-middle">
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<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-red-500"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm.75-13a.75.75 0 00-1.5 0v5c0 .414.336.75.75.75h4a.75.75 0 000-1.5h-3.25V5z" clip-rule="evenodd" /></svg>
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</div>
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<div class="timeline-end mb-10">
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<time class="font-mono italic text-gray-400">2025年Q1-Q2</time>
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<div class="text-lg font-black text-red-500">恐慌发酵与预期极致化</div>
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市场恐慌达到顶峰，预期美国可能对华施加高达145%的惩罚性关税。高美线敞口的出口标的迎来“极致杀跌”，小家电、照明设备等行业出现7%以上的超额跌幅。
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</div>
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<hr class="bg-cyan-400/50"/>
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</li>
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<li>
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<hr class="bg-cyan-400/50"/>
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<div class="timeline-middle">
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<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-green-400"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm.75-13a.75.75 0 00-1.5 0v5c0 .414.336.75.75.75h4a.75.75 0 000-1.5h-3.25V5z" clip-rule="evenodd" /></svg>
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</div>
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<div class="timeline-start md:text-end mb-10">
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<time class="font-mono italic text-gray-400">2025年5月中旬至今</time>
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<div class="text-lg font-black text-green-400">缓和、落地与逻辑确立</div>
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中美达成阶段性协议，附加关税大幅下降，24%享有三个月豁免期，最悲观预期被证伪。底层逻辑从“激烈对抗”转向“持续博弈”，市场进入价值修复与逻辑重估阶段。
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</div>
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<hr/>
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</li>
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</ul>
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</div>
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<div class="bento-grid">
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<div class="glass-card p-6 md:p-8 col-span-1 md:col-span-2">
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<h3 class="text-xl font-bold mb-4 text-cyan-300">核心驱动力：从"不可预测"到"可预测"</h3>
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<p class="text-gray-300 leading-relaxed">
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该概念最根本的驱动力是<span class="text-green-400">政策不确定性的消除</span>。此前市场交易的核心是“未知的恐惧”，无法对关税的最终税率和影响范围进行定价，导致对整个出口板块的“无差别错杀”。5月中旬中美达成阶段性协议，相当于为关税水平划定了“上限”，使得企业的盈利预期可以被重新测算，为资本市场的重新定价提供了基础。
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</p>
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</div>
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<div class="glass-card p-6 md:p-8">
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<h3 class="text-xl font-bold mb-4 text-cyan-300">市场情绪演化</h3>
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<ul class="space-y-2 text-gray-300">
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<li><span class="font-semibold text-red-400">恐慌期 (4-5月初):</span> “极致恐慌”、“极致杀跌”。</li>
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<li><span class="font-semibold text-yellow-400">缓和期 (5月中旬至今):</span> 不确定性事件得到初步解决，情绪迅速修复。</li>
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<li><span class="font-semibold text-cyan-400">分化期 (当前):</span> 从普涨修复转向寻找结构性机会，聚焦个股基本面。</li>
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</ul>
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</div>
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<div class="glass-card p-6 md:p-8 col-span-1 md:col-span-3">
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<h3 class="text-xl font-bold mb-4 text-cyan-300">三大预期差分析</h3>
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<div class="grid grid-cols-1 md:grid-cols-3 gap-6">
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<div class="border-l-2 border-fuchsia-500 pl-4">
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<h4 class="font-semibold text-fuchsia-400">成本承担预期差</h4>
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<p class="text-sm text-gray-400">市场初期高估了企业利润侵蚀。实际情况是，关税成本主要由产业链地位决定，多数由品牌商和消费者承担。高加价倍率消费品（如保温杯）有较强价格传导能力，对优质龙头盈利影响远小于悲观预期。</p>
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</div>
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<div class="border-l-2 border-cyan-500 pl-4">
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<h4 class="font-semibold text-cyan-400">产能外移价值预期差</h4>
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<p class="text-sm text-gray-400">市场低估了产能外移带来的长期竞争格局优化。关税壁垒客观上加速了行业出清，拥有海外产能的龙头不仅是防御，更是在主动进攻，抢占因小型竞争对手无法外移而空出的市场份额。</p>
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</div>
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<div class="border-l-2 border-green-500 pl-4">
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<h4 class="font-semibold text-green-400">东南亚关税预期差</h4>
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<p class="text-sm text-gray-400">市场曾担忧美国对东南亚一视同仁。但最终美国对越南（20%）等国的税率远低于对华惩罚性关税，这实质上固化并扩大了中国企业在东南亚布局的关税优势，而非削弱。</p>
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</div>
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</div>
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</div>
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</div>
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<div class="bento-grid">
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<div class="glass-card p-6 md:p-8">
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<h3 class="text-xl font-bold mb-4 text-cyan-300">近期催化剂 (3-6个月)</h3>
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<ul class="space-y-3 text-gray-300">
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<li><strong class="text-yellow-400">关税政策明确:</strong> 90天暂停期到期后的政策走向是市场焦点。</li>
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<li><strong class="text-yellow-400">美国降息预期:</strong> 刺激美国终端需求，利好整个出口链。</li>
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<li><strong class="text-yellow-400">Q3/Q4订单数据:</strong> 验证关税明朗后，下游补库行情是否开启。</li>
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</ul>
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</div>
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<div class="glass-card p-6 md:p-8 col-span-1 md:col-span-2">
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<h3 class="text-xl font-bold mb-4 text-cyan-300">长期发展路径</h3>
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<ol class="space-y-3 text-gray-300 list-decimal list-inside">
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<li><strong class="text-blue-400">初步阶段 (当前):</strong> 估值修复与预期修正。市场奖励被“错杀”及海外布局初见成效的公司。</li>
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<li><strong class="text-blue-400">中期阶段 (1-2年):</strong> 份额重塑与业绩兑现。核心看点是海外产能龙头能否持续验证市场份额提升的逻辑。</li>
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<li><strong class="text-blue-400">成熟阶段 (3-5年):</strong> 全球化运营能力的胜利。竞争将转向全球供应链管理、本土化运营和品牌建设能力。</li>
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</ol>
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</div>
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</div>
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<div class="glass-card p-6 md:p-8">
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<h2 class="text-2xl font-bold mb-4 text-cyan-300">产业链图谱与核心玩家</h2>
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<p class="mb-6 text-gray-400">此概念不属于传统上下游结构，而是基于“对美出口”场景，按企业应对策略和产能布局，可划分为三类核心玩家：</p>
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<div class="grid grid-cols-1 md:grid-cols-3 gap-6">
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<div class="p-4 bg-gray-800/30 rounded-xl border border-gray-700">
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<h4 class="font-bold text-lg text-green-400">A. 全球化布局先行者</h4>
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<p class="text-sm text-gray-300">在东南亚、墨西哥、甚至美国本土拥有成熟产能，主动规避关税并借机扩大份额。逻辑最清晰，护城河最深。</p>
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<div class="mt-2 space-x-2">
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<div class="badge badge-outline border-green-400 text-green-400">巨星科技</div>
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<div class="badge badge-outline border-green-400 text-green-400">春风动力</div>
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</div>
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</div>
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<div class="p-4 bg-gray-800/30 rounded-xl border border-gray-700">
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<h4 class="font-bold text-lg text-yellow-400">B. 中国产能依赖者</h4>
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<p class="text-sm text-gray-300">产能主要在中国，通过强议价能力、客户粘性或市场多元化来应对。考验其在产业链中的地位。</p>
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<div class="mt-2 space-x-2">
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<div class="badge badge-outline border-yellow-400 text-yellow-400">凌霄泵业</div>
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<div class="badge badge-outline border-yellow-400 text-yellow-400">浙江鼎力</div>
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</div>
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</div>
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<div class="p-4 bg-gray-800/30 rounded-xl border border-gray-700">
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<h4 class="font-bold text-lg text-fuchsia-400">C. 行业性超跌修复者</h4>
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<p class="text-sm text-gray-300">整个行业因高对美敞口被市场错杀，受益于关税缓和带来的整体估值修复。主要为板块性机会。</p>
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<div class="mt-2 space-x-2">
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<div class="badge badge-outline border-fuchsia-400 text-fuchsia-400">小家电</div>
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<div class="badge badge-outline border-fuchsia-400 text-fuchsia-400">照明设备</div>
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</div>
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</div>
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</div>
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<div class="mt-6 p-4 bg-cyan-900/30 rounded-xl border border-cyan-700">
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<h4 class="font-semibold text-cyan-300">逻辑验证案例：匠心家居 (301061)</h4>
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<p class="text-sm text-gray-300">
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研报预测“具有充足越南产能的龙头将提升份额”。随后美越关税协议以低于预期的20%税率落地，拥有显著越南产能的匠心家居股价大涨14.79%，数据与逻辑高度统一，完美验证了“产能外移+关税差异化”的投资逻辑。
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</p>
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</div>
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</div>
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<div class="glass-card p-6 md:p-8">
|
||
<h2 class="text-2xl font-bold mb-4 text-cyan-300">关键数据洞察：行业影响与修复潜力</h2>
|
||
<p class="text-gray-400 mb-6">下图展示了各行业在关税恐慌期（4月3日-5月12日）的股价超额跌幅与其对美营收敞口的关系。可见，对美敞口越大的行业，在此期间受到的情绪冲击越严重。随着关税政策明朗化，这些超跌的行业具备更大的估值修复潜力。</p>
|
||
<div id="sector-chart" class="w-full h-[500px]"></div>
|
||
</div>
|
||
|
||
<div class="glass-card p-6 md:p-8">
|
||
<h2 class="text-2xl font-bold mb-4 text-cyan-300">潜在风险与挑战</h2>
|
||
<div class="grid grid-cols-1 md:grid-cols-2 lg:grid-cols-3 gap-4">
|
||
<div class="flex items-start space-x-3">
|
||
<div class="text-red-500 mt-1">
|
||
<svg xmlns="http://www.w3.org/2000/svg" class="h-6 w-6" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M12 9v2m0 4h.01m-6.938 4h13.856c1.54 0 2.502-1.667 1.732-3L13.732 4c-.77-1.333-2.694-1.333-3.464 0L3.34 16c-.77 1.333.192 3 1.732 3z" /></svg>
|
||
</div>
|
||
<div>
|
||
<h4 class="font-semibold text-red-400">政策风险</h4>
|
||
<p class="text-sm text-gray-400">最大的风险。关税是美国的“谈判武器”，中美关系变化可能导致政策再次剧烈波动。</p>
|
||
</div>
|
||
</div>
|
||
<div class="flex items-start space-x-3">
|
||
<div class="text-yellow-500 mt-1">
|
||
<svg xmlns="http://www.w3.org/2000/svg" class="h-6 w-6" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M21 12a9 9 0 01-9 9m9-9a9 9 0 00-9-9m9 9H3m9 9a9 9 0 01-9-9m9 9V3m-3.5 14.5a3.5 3.5 0 11-7 0 3.5 3.5 0 017 0z" /></svg>
|
||
</div>
|
||
<div>
|
||
<h4 class="font-semibold text-yellow-400">海外运营风险</h4>
|
||
<p class="text-sm text-gray-400">供应链转移面临新挑战，如越南电力短缺、劳工成本上涨，可能侵蚀成本优势。</p>
|
||
</div>
|
||
</div>
|
||
<div class="flex items-start space-x-3">
|
||
<div class="text-orange-500 mt-1">
|
||
<svg xmlns="http://www.w3.org/2000/svg" class="h-6 w-6" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M17 20h5v-2a3 3 0 00-5.356-1.857M17 20H7m10 0v-2c0-.656-.126-1.283-.356-1.857M7 20H2v-2a3 3 0 015.356-1.857M7 20v-2c0-.656.126-1.283.356-1.857m0 0a5.002 5.002 0 019.288 0M15 7a3 3 0 11-6 0 3 3 0 016 0zm6 3a2 2 0 11-4 0 2 2 0 014 0zM7 10a2 2 0 11-4 0 2 2 0 014 0z" /></svg>
|
||
</div>
|
||
<div>
|
||
<h4 class="font-semibold text-orange-400">竞争风险</h4>
|
||
<p class="text-sm text-gray-400">转口贸易监管趋严，简单“贴牌”行不通；大量企业涌入东南亚，未来可能出现同质化竞争。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="glow-divider my-8"></div>
|
||
</section>
|
||
|
||
<!-- Beneficiary Stocks -->
|
||
<section id="stocks" class="space-y-8">
|
||
<h2 class="text-3xl font-bold text-center glowing-text">核心受益标的分析</h2>
|
||
|
||
<div class="glass-card p-0 overflow-x-auto">
|
||
<h3 class="text-xl font-bold p-6 text-cyan-300">个股分析：产能布局与对美敞口</h3>
|
||
<table class="table-custom">
|
||
<thead>
|
||
<tr>
|
||
<th>股票名称</th>
|
||
<th>对美敞口</th>
|
||
<th>产能布局策略</th>
|
||
<th>核心逻辑</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr>
|
||
<td><strong>巨星科技</strong> ( <a href="https://valuefrontier.cn/company?scode=002444" target="_blank">002444.SZ</a> )</td>
|
||
<td><div class="badge badge-error">高 (65%)</div></td>
|
||
<td><div class="badge badge-success">全球化</div> 80%对美供应产能布局在东南亚</td>
|
||
<td>逻辑最纯粹的“份额提升”标的，规避关税同时受益于竞争对手出清。</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>春风动力</strong> ( <a href="https://valuefrontier.cn/company?scode=603129" target="_blank">603129.SH</a> )</td>
|
||
<td><div class="badge badge-warning">中 (25%)</div></td>
|
||
<td><div class="badge badge-success">全球化</div> 墨西哥工厂达产后可覆盖80%美国订单</td>
|
||
<td>潜力追赶者，墨西哥布局在地理和贸易协定上更具优势，战略执行值得关注。</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>涛涛车业</strong> ( <a href="https://valuefrontier.cn/company?scode=301345" target="_blank">301345.SZ</a> )</td>
|
||
<td><div class="badge badge-error">极高 (70%+)</div></td>
|
||
<td><div class="badge badge-success">全球化</div> 越南和美国均设生产/组装工厂</td>
|
||
<td>典型的主动出击型企业，通过前置产能积极规避高关税风险。</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>欧圣电气</strong> ( <a href="https://valuefrontier.cn/company?scode=301187" target="_blank">301187.SZ</a> )</td>
|
||
<td><div class="badge badge-error">极高 (80%+)</div></td>
|
||
<td><div class="badge badge-info">区域化</div> 马来西亚设厂应对</td>
|
||
<td>对美依赖度极高，海外产能是其生命线。</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>银都股份</strong> ( <a href="https://valuefrontier.cn/company?scode=603277" target="_blank">603277.SH</a> )</td>
|
||
<td><div class="badge badge-error">高 (60%)</div></td>
|
||
<td><div class="badge badge-info">区域化</div> 80%对美商品从泰国发货</td>
|
||
<td>利用泰国作为对美出口的“桥头堡”，有效规避直接关税。</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>捷昌驱动</strong> ( <a href="https://valuefrontier.cn/company?scode=603583" target="_blank">603583.SH</a> )</td>
|
||
<td><div class="badge badge-warning">中 (40%+)</div></td>
|
||
<td><div class="badge badge-success">全球化</div> 马来西亚、美国、匈牙利均有产能</td>
|
||
<td>全球化布局典范，产能分散，抗风险能力强。</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>凌霄泵业</strong> ( <a href="https://valuefrontier.cn/company?scode=002884" target="_blank">002884.SZ</a> )</td>
|
||
<td><div class="badge badge-error">高 (50%)</div></td>
|
||
<td><div class="badge badge-neutral">中国依赖</div> 100%中国产能</td>
|
||
<td>典型的“中国产能依赖者”，其表现将考验产品竞争力和客户议价能力。</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>浙江鼎力</strong> ( <a href="https://valuefrontier.cn/company?scode=603338" target="_blank">603338.SH</a> )</td>
|
||
<td><div class="badge badge-warning">中 (30%)</div></td>
|
||
<td><div class="badge badge-neutral">中国依赖</div> 100%中国产能</td>
|
||
<td>特殊案例，受益于“双反”税率下调，通过其他方式消化关税冲击。</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
|
||
<div class="glass-card p-0 overflow-x-auto">
|
||
<h3 class="text-xl font-bold p-6 text-cyan-300">行业分析：超跌修复潜力</h3>
|
||
<table class="table-custom">
|
||
<thead>
|
||
<tr>
|
||
<th>申万二级行业</th>
|
||
<th>海外营收占比</th>
|
||
<th>对美营收敞口</th>
|
||
<th>恐慌期超额跌幅</th>
|
||
<th>净利受损恢复潜力</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr>
|
||
<td><strong>小家电</strong></td>
|
||
<td>48.05%</td>
|
||
<td><span class="text-red-400 font-bold">11.0%</span></td>
|
||
<td><span class="text-green-400 font-bold">-7.28%</span></td>
|
||
<td><span class="text-cyan-400 font-bold">7.11%</span></td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>照明设备</strong></td>
|
||
<td>48.54%</td>
|
||
<td><span class="text-red-400 font-bold">10.1%</span></td>
|
||
<td><span class="text-green-400 font-bold">-7.65%</span></td>
|
||
<td><span class="text-cyan-400 font-bold">6.56%</span></td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>消费电子</strong></td>
|
||
<td>42.46%</td>
|
||
<td><span class="text-red-400 font-bold">9.9%</span></td>
|
||
<td><span class="text-green-400 font-bold">-6.98%</span></td>
|
||
<td>4.38%</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>光学光电子</strong></td>
|
||
<td>42.99%</td>
|
||
<td>7.5%</td>
|
||
<td>-2.74%</td>
|
||
<td>4.83%</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>医疗器械</strong></td>
|
||
<td>33.20%</td>
|
||
<td>7.4%</td>
|
||
<td>-3.55%</td>
|
||
<td>4.82%</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>家居用品</strong></td>
|
||
<td>37.84%</td>
|
||
<td>7.3%</td>
|
||
<td>-0.67%</td>
|
||
<td>4.74%</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>黑色家电</strong></td>
|
||
<td>35.54%</td>
|
||
<td>6.9%</td>
|
||
<td>-2.71%</td>
|
||
<td>5.27%</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>汽车零部件</strong></td>
|
||
<td>33.74%</td>
|
||
<td>5.9%</td>
|
||
<td>-1.25%</td>
|
||
<td>-</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</section>
|
||
|
||
</main>
|
||
|
||
<script>
|
||
document.addEventListener('DOMContentLoaded', function () {
|
||
var chartDom = document.getElementById('sector-chart');
|
||
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|
||
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|
||
|
||
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|
||
{"stock":"小家电","海外营收占比":"48.05%","对美营收敞口":"11.0%","4月3日-5月12日超额跌幅(相对中证全指)":"7.28%"},
|
||
{"stock":"照明设备","海外营收占比":"48.54%","对美营收敞口":"10.1%","4月3日-5月12日超额跌幅(相对中证全指)":"7.65%"},
|
||
{"stock":"黑色家电","海外营收占比":"35.54%","对美营收敞口":"6.9%","4月3日-5月12日超额跌幅(相对中证全指)":"2.71%"},
|
||
{"stock":"光学光电子","海外营收占比":"42.99%","对美营收敞口":"7.5%","4月3日-5月12日超额跌幅(相对中证全指)":"2.74%"},
|
||
{"stock":"医疗器械","海外营收占比":"33.20%","对美营收敞口":"7.4%","4月3日-5月12日超额跌幅(相对中证全指)":"3.55%"},
|
||
{"stock":"家居用品","海外营收占比":"37.84%","对美营收敞口":"7.3%","4月3日-5月12日超额跌幅(相对中证全指)":"0.67%"},
|
||
{"stock":"消费电子","海外营收占比":"42.46%","对美营收敞口":"9.9%","4月3日-5月12日超额跌幅(相对中证全指)":"6.98%"},
|
||
{"stock":"文娱用品","海外营收占比":"22.86%","对美营收敞口":"5.7%","4月3日-5月12日超额跌幅(相对中证全指)":"1.15%"},
|
||
{"stock":"白色家电","海外营收占比":"39.10%","对美营收敞口":"5.6%","4月3日-5月12日超额跌幅(相对中证全指)":"1.43%"},
|
||
{"stock":"摩托车及其他","海外营收占比":"42.26%","对美营收敞口":"5.1%","4月3日-5月12日超额跌幅(相对中证全指)":"0.68%"},
|
||
{"stock":"电池","海外营收占比":"25.11%","对美营收敞口":"5.1%","4月3日-5月12日超额跌幅(相对中证全指)":"0.17%"},
|
||
{"stock":"汽车零部件","海外营收占比":"33.74%","对美营收敞口":"5.9%","4月3日-5月12日超额跌幅(相对中证全指)":"1.25%"},
|
||
{"stock":"计算机设备","海外营收占比":"32.43%","对美营收敞口":"7.5%","4月3日-5月12日超额跌幅(相对中证全指)":"1.34%"},
|
||
{"stock":"化妆品","海外营收占比":"16.57%","对美营收敞口":"4.3%","4月3日-5月12日超额跌幅(相对中证全指)":"9.51%"}
|
||
];
|
||
|
||
const data = rawData.map(item => {
|
||
const exposure = parseFloat(item['对美营收敞口']);
|
||
const drop = -parseFloat(item['4月3日-5月12日超额跌幅(相对中证全指)']);
|
||
const overseas = parseFloat(item['海外营收占比']);
|
||
return {
|
||
name: item.stock,
|
||
value: [exposure, drop, overseas]
|
||
};
|
||
});
|
||
|
||
option = {
|
||
backgroundColor: 'transparent',
|
||
grid: {
|
||
left: '10%',
|
||
right: '10%',
|
||
bottom: '10%',
|
||
top: '10%',
|
||
containLabel: true
|
||
},
|
||
tooltip: {
|
||
trigger: 'item',
|
||
backgroundColor: 'rgba(20, 20, 50, 0.8)',
|
||
borderColor: 'rgba(0, 191, 255, 0.5)',
|
||
borderWidth: 1,
|
||
textStyle: {
|
||
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|
||
},
|
||
formatter: function (params) {
|
||
return `<strong>${params.data.name}</strong><br/>
|
||
对美营收敞口: ${params.data.value[0]}%<br/>
|
||
超额跌幅: ${-params.data.value[1].toFixed(2)}%<br/>
|
||
海外营收占比: ${params.data.value[2]}%`;
|
||
}
|
||
},
|
||
xAxis: {
|
||
name: '对美营收敞口 (%)',
|
||
nameTextStyle: { color: '#888' },
|
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splitLine: { show: true, lineStyle: { color: 'rgba(255, 255, 255, 0.1)' } },
|
||
axisLabel: { color: '#ccc' },
|
||
axisLine: { lineStyle: { color: 'rgba(255, 255, 255, 0.2)' } }
|
||
},
|
||
yAxis: {
|
||
name: '超额跌幅 (%)',
|
||
nameTextStyle: { color: '#888' },
|
||
splitLine: { show: true, lineStyle: { color: 'rgba(255, 255, 255, 0.1)' } },
|
||
axisLabel: { color: '#ccc' },
|
||
axisLine: { lineStyle: { color: 'rgba(255, 255, 255, 0.2)' } },
|
||
scale: true
|
||
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|
||
visualMap: [
|
||
{
|
||
left: 'right',
|
||
top: '10%',
|
||
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|
||
min: 0,
|
||
max: 50,
|
||
itemWidth: 30,
|
||
itemHeight: 120,
|
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|
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precision: 0.1,
|
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|
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|
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textStyle: {
|
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|
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|
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|
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|
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myChart.setOption(option);
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|
||
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|
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|
||
</html> |