564 lines
44 KiB
HTML
564 lines
44 KiB
HTML
<!DOCTYPE html>
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<html lang="zh-CN" data-theme="night">
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<head>
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<meta charset="UTF-8">
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<meta name="viewport" content="width=device-width, initial-scale=1.0">
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<title>小米汽车产业链弹性 - 深度投研报告</title>
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<script src="https://cdn.tailwindcss.com"></script>
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@import url('https://fonts.googleapis.com/css2?family=Orbitron:wght@400;700&family=Noto+Sans+SC:wght@300;400;500;700&display=swap');
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body {
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font-family: 'Noto Sans SC', sans-serif;
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background-color: #010410;
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background-image: radial-gradient(circle at 15% 25%, rgba(120, 42, 248, 0.15) 0%, transparent 40%),
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.bento-item-2 { grid-column: span 12; md:grid-column: span 5; } /* Catalysts */
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.bento-item-3 { grid-column: span 12; md:grid-column: span 5; } /* Risks */
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.bento-item-4 { grid-column: span 12; md:grid-column: span 7; } /* Timeline */
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</head>
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<body class="min-h-screen">
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<div class="container mx-auto p-4 md:p-8" x-data="pageData()">
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<!-- Header -->
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<header class="text-center mb-12">
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<h1 class="font-orbitron text-4xl md:text-6xl font-bold title-gradient text-glow tracking-widest">
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小米汽车产业链弹性
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</h1>
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<p class="mt-4 text-lg text-slate-400">深度投研报告</p>
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<p class="text-sm text-slate-500 mt-2">AI投研Agent: “价小前投研”</p>
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</header>
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<!-- Main Content Grid -->
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<main class="space-y-12">
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<!-- Insight Section -->
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<section id="insight">
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<div class="bento-grid">
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<!-- Core Viewpoint -->
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<div class="bento-item-1 glass-card p-6 rounded-3xl">
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<div class="prose max-w-none">
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<h2 class="title-gradient !mb-2">核心观点与逻辑</h2>
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<p class="text-xl font-semibold text-slate-200">
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小米汽车产业链弹性概念正处在 <strong class="text-cyan-300">从“主题预期”向“业绩兑现”过渡</strong> 的关键阶段。
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</p>
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<blockquote>
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其核心驱动力源于小米强大的品牌号召力、颠覆性的产品定义能力和“人车家”生态协同所引爆的超预期市场需求。未来，该概念的潜力将取决于小米能否将爆发式订单有效转化为持续的产能输出，以及后续车型（尤其是SUV）能否成功复制SU7的辉煌。
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</blockquote>
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<h3 class="mt-6 border-l-4 border-purple-500 pl-4">核心驱动力：降维打击与生态赋能</h3>
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<ul>
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<li><strong>品牌与流量驱动：</strong> 小米拥有庞大的粉丝基础（全球MIUI月活6.41亿），使其首款车能够“出道即顶流”，为产业链提供了巨大的初始需求。</li>
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<li><strong>生态协同驱动：</strong> “人车家全生态”战略是其区别于其他车企的核心护城河。供应商不仅是提供汽车零部件，更是融入一个庞大的智能生态。例如金山云受益于小米大模型和智驾算力需求，赋予产业链更高的技术附加值。</li>
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<li><strong>极致性价比与供应链管理驱动：</strong> 市场预期小米能将在消费电子领域积累的成熟供应链管理经验复制到汽车行业，持续创造需求，为产业链提供长期稳定订单。</li>
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</ul>
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<h3 class="mt-6 border-l-4 border-purple-500 pl-4">市场热度与预期差</h3>
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<p>当前市场关注度极高，整体情绪偏向乐观，但伴随对产能的隐忧。主要存在两大预期差：</p>
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<ol>
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<li><strong>弹性认知从“大而全”到“小而美”：</strong> 市场初期关注拓普集团、德赛西威等巨头，但其体量巨大导致弹性有限。真正的预期差在于 <code class="font-bold">无锡振华</code> 等“小而美”公司，营收弹性更高，是更纯粹的弹性标的。</li>
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<li><strong>价值认知从“整车销量”到“生态价值”：</strong> 市场可能忽略了小米生态的扩散效应，如机器人、AIoT等领域为 <code class="font-bold">金山云</code>、<code class="font-bold">金杨股份</code> 等公司带来的非传统增长逻辑，这部分价值尚未被充分挖掘。</li>
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</ol>
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</div>
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</div>
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<!-- Catalysts -->
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<div class="bento-item-2 glass-card p-6 rounded-3xl">
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<div class="prose max-w-none">
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<h2 class="title-gradient">关键催化剂与发展路径</h2>
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<h4 class="text-cyan-300">近期催化剂 (未来3-6个月)</h4>
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<ul class="list-none space-y-2 p-0">
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<li class="flex items-start"><span class="text-cyan-400 mr-3 mt-1">▶</span> <strong>小米YU7 SUV发布与定价：</strong> 决定产业链第二增长曲线斜率的关键事件。</li>
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<li class="flex items-start"><span class="text-cyan-400 mr-3 mt-1">▶</span> <strong>月度交付数据破纪录：</strong> 验证产能和供应链管理能力的关键指标 (目标 > 2.5万台/月)。</li>
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<li class="flex items-start"><span class="text-cyan-400 mr-3 mt-1">▶</span> <strong>核心供应商财报披露：</strong> 验证产业链弹性的最直接财务证据。</li>
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</ul>
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<h4 class="text-purple-400 mt-6">长期发展路径</h4>
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<ul class="list-none space-y-2 p-0">
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<li class="flex items-start"><span class="text-purple-500 mr-3 mt-1">1.</span> <strong>产能扩张 (2025年):</strong> 二期工厂完工 (总产能30-45万台/年)，订单规模化放量。</li>
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<li class="flex items-start"><span class="text-purple-500 mr-3 mt-1">2.</span> <strong>盈利拐点 (2025-2026年):</strong> 汽车业务实现盈亏平衡，产业链合作关系更稳固。</li>
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<li class="flex items-start"><span class="text-purple-500 mr-3 mt-1">3.</span> <strong>技术深化 (2026+):</strong> 智驾与生态深度融合，高附加值业务占比提升。</li>
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<li class="flex items-start"><span class="text-purple-500 mr-3 mt-1">4.</span> <strong>全球扩张 (2027+):</strong> 进军欧洲市场，带动全球配套供应链进入新周期。</li>
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</ul>
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</div>
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</div>
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<!-- Risks & Challenges -->
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<div class="bento-item-3 glass-card p-6 rounded-3xl">
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<div class="prose max-w-none">
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<h2 class="title-gradient">潜在风险与挑战</h2>
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<ul class="list-none space-y-3 p-0">
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<li class="flex items-start">
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<div class="badge badge-error badge-outline mr-3 mt-1">技术</div>
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<div>智能驾驶系统可靠性与电池安全风险。研报提及的NOA状态下碰撞爆燃事件，暴露了极端场景下的技术挑战。</div>
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</li>
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<li class="flex items-start">
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<div class="badge badge-warning badge-outline mr-3 mt-1">商业</div>
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<div><strong>产能与交付是当前最大风险点。</strong> 一期15万台年产能远无法满足积压订单，交付周期过长可能导致订单流失。</div>
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</li>
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<li class="flex items-start">
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<div class="badge badge-info badge-outline mr-3 mt-1">竞争</div>
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<div>国内新能源市场竞争激烈，价格战可能压缩自身及上游供应商的利润空间。</div>
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</li>
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<li class="flex items-start">
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<div class="badge badge-accent badge-outline mr-3 mt-1">数据</div>
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<div>不同信源数据存在矛盾（如无锡振华单车价值量），需对单一数据点保持审慎。</div>
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</li>
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<li class="flex items-start">
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<div class="badge badge-primary badge-outline mr-3 mt-1">证伪</div>
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<div>路演数据显示，小米SU7底盘国产化率仅约20%，与“国产供应链崛起”的宏大叙事存在偏差，部分领域弹性兑现有待时日。</div>
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</li>
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</ul>
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</div>
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</div>
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<!-- Event Timeline -->
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<div class="bento-item-4 glass-card p-6 rounded-3xl">
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<div class="prose max-w-none">
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<h2 class="title-gradient">概念事件时间轴</h2>
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<ul class="steps steps-vertical">
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<li class="step step-primary">
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<div class="text-left">
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<h4 class="font-bold">战略奠基期 (2021-2023)</h4>
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<p class="text-sm text-slate-400">小米宣布造车，大规模投入 (团队3400人，现金储备1363亿元)，产业链概念酝酿。</p>
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</div>
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</li>
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<li class="step step-primary">
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<div class="text-left">
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<h4 class="font-bold">技术发布期 (2023年末)</h4>
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<p class="text-sm text-slate-400">公布五大核心技术，展示自研实力，提升市场对产业链技术含量预期。</p>
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</div>
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</li>
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<li class="step step-secondary">
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<div class="text-left">
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<h4 class="font-bold">订单引爆期 (2024年3月)</h4>
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<p class="text-sm text-slate-400">SU7上市，27分钟大定破5万，引爆市场对产业链弹性的关注热潮。</p>
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</div>
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</li>
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<li class="step">
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<div class="text-left">
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<h4 class="font-bold">业绩兑现期 (2024年4月至今)</h4>
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<p class="text-sm text-slate-400">SU7启动交付，市场关注点转向实际交付能力和供应链业绩兑现。</p>
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</div>
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</li>
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<li class="step">
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<div class="text-left">
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<h4 class="font-bold">生态拓展期 (预期2024年末+)</h4>
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<p class="text-sm text-slate-400">首款SUV YU7发布预期，叠加“人车家”生态协同，带来更大想象空间。</p>
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</div>
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</li>
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</ul>
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</div>
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</div>
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<!-- Core Companies -->
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<div class="bento-item-5 glass-card p-6 rounded-3xl">
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<div class="prose max-w-none">
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<h2 class="title-gradient">核心公司深度剖析</h2>
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<div class="grid md:grid-cols-3 gap-6 mt-6">
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<div class="border border-cyan-500/20 rounded-2xl p-4 bg-cyan-500/5">
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<h4 class="font-bold text-cyan-300">弹性之王：无锡振华</h4>
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<p class="text-sm"><strong>优势:</strong> 贴近工厂布局，深度绑定，营收弹性在供应商中最高(10.3%)，逻辑最纯粹。</p>
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<p class="text-sm"><strong>进展:</strong> 稳定合作，路演预期未来增程车型落地，收入占比有望提升至30%-40%。</p>
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</div>
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<div class="border border-purple-500/20 rounded-2xl p-4 bg-purple-500/5">
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<h4 class="font-bold text-purple-300">价值巨擘：德赛西威 & 拓普集团</h4>
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<p class="text-sm"><strong>优势:</strong> 行业龙头，技术壁垒高，单车价值量巨大 (ASP 1万+)。</p>
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<p class="text-sm"><strong>风险:</strong> 体量大导致短期弹性不显著，股价受多重因素影响，对小米单一客户beta较低。</p>
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</div>
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<div class="border border-pink-500/20 rounded-2xl p-4 bg-pink-500/5">
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<h4 class="font-bold text-pink-300">独家供应商：富特科技</h4>
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<p class="text-sm"><strong>优势:</strong> 天风证券研报指其为小米YU7车载电源独家供应商。</p>
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<p class="text-sm"><strong>进展:</strong> 路演数据显示小米业务占比预计从23%提升至未来50%，绑定程度极深，业绩与小米销量直接挂钩，确定性强。</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>
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</section>
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<!-- Supporting Data Section -->
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<section id="supporting-data">
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<div role="tablist" class="tabs tabs-bordered tabs-lg">
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<a role="tab" class="tab tab-active" @click="activeTab = 'news'">新闻洞察</a>
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<a role="tab" class="tab" @click="activeTab = 'roadshow'">路演纪要</a>
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<a role="tab" class="tab" @click="activeTab = 'research'">研报精粹</a>
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</div>
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<div class="glass-card rounded-3xl rounded-tl-none p-6 mt-[-1px]">
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<!-- News Tab Content -->
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<div x-show="activeTab === 'news'" class="prose max-w-none">
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<h3>新闻数据综合分析</h3>
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<p>新闻内容多次直接提及对“小米汽车产业链弹性”的测算和关注，表明市场高度重视。产业链的弹性主要体现在以下几个方面：</p>
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<ol>
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<li><strong>直接受益标的明确：</strong> 多家券商研报点名了弹性标的，如 <code>无锡振华</code>、<code>金杨股份</code>、<code>震裕科技</code> 等。</li>
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<li><strong>销量高增长是核心驱动力：</strong> 强劲的交付量（单月超3万台）和乐观的产能预期（年交付量有望达35-40万台）是产业链需求的根本来源。</li>
|
||
<li><strong>“人车家全生态”战略放大弹性：</strong> AI、大模型、智能驾驶与机器人的深度融合，为产业链带来了超越传统汽车零部件的想象空间。例如，智能驾驶的算力需求直接利好 <code>金山云</code>。</li>
|
||
<li><strong>扩散性交易机会显现：</strong> 市场开始寻找“车链扩散性交易机会”，即从汽车延伸到机器人等其他小米生态链的机会，拓宽了弹性范围。</li>
|
||
</ol>
|
||
</div>
|
||
<!-- Roadshow Tab Content -->
|
||
<div x-show="activeTab === 'roadshow'" x-cloak class="prose max-w-none">
|
||
<h3>路演信息核心供应商分析</h3>
|
||
<p>路演信息聚焦于各供应商的单车价值量（ASP）、收入弹性及未来增长潜力。以下为部分核心标的摘要：</p>
|
||
<ul>
|
||
<li><strong>无锡振华：</strong> <span class="font-bold text-green-400">弹性最大标的</span>。SU7单车价值约2,300元。2024年预期占公司收入10%-15%，未来随SUV上市及增程车型落地，占比有望提升至30%-40%。</li>
|
||
<li><strong>拓普集团：</strong> 单车价值量高（空悬+热管理等约10,000元）。若小米销量达百万辆，其业务占比将从个位数升至“大几十”。</li>
|
||
<li><strong>德赛西威：</strong> 智能化核心供应商，单车价值约10,000-15,000元。未来或成其第二大客户，收入占比有望达20%。</li>
|
||
<li><strong>富特科技：</strong> 小三电产品。小米业务占比预计从23%提升至未来50%（第三款车型放量后），深度绑定。</li>
|
||
</ul>
|
||
<p><strong>趋势洞察：</strong> SUV车型是关键催化剂；底盘领域国产化率低（约20%），为本土企业提供巨大替代空间；产能爬坡是当前核心挑战。</p>
|
||
</div>
|
||
<!-- Research Report Tab Content -->
|
||
<div x-show="activeTab === 'research'" x-cloak class="prose max-w-none">
|
||
<h3>研报精粹</h3>
|
||
<p>研究报告确认了小米汽车超预期的市场表现，并对产业链进行了梳理。核心观点包括：</p>
|
||
<blockquote>SU7上市后表现超预期，24小时订单达88,898台，为产业链带来巨大弹性。</blockquote>
|
||
<ul>
|
||
<li><strong>核心受益标的（按收入弹性排序）：</strong> 德赛西威、经纬恒润、华阳集团、拓普集团、新泉股份。</li>
|
||
<li><strong>核心技术带动：</strong> 五大核心技术（电驱、电池、大压铸、智能座舱、智能驾驶）决定了供应链的构成和价值量，利好如宁德时代（电池）、英伟达（芯片）及相关设备供应商。</li>
|
||
<li><strong>产能规划：</strong> 一期工厂年产能15万台，二期计划2025年完工。2024年计划量产约7万台。</li>
|
||
<li><strong>风险提示：</strong> 报告中提及一起SU7在NOA状态下的严重交通事故，暴露了智能驾驶与电池安全的潜在风险，可能对品牌形象、销量及相关供应商产生负面冲击。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- ECharts Visualization -->
|
||
<section id="visualization">
|
||
<div class="glass-card p-6 rounded-3xl">
|
||
<h2 class="font-orbitron text-2xl font-bold text-center mb-4 title-gradient">核心标的营收弹性对比</h2>
|
||
<div id="elasticity-chart" style="width: 100%; height: 400px;"></div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Stock Data Table Section -->
|
||
<section id="stock-data">
|
||
<div class="glass-card p-6 rounded-3xl">
|
||
<h2 class="font-orbitron text-2xl font-bold text-center mb-6 title-gradient">核心弹性标的清单</h2>
|
||
<div class="overflow-x-auto">
|
||
<table class="table table-zebra-zebra">
|
||
<thead>
|
||
<tr class="text-base text-slate-300">
|
||
<th>股票名称</th>
|
||
<th>核心业务</th>
|
||
<th>单车价值 (ASP)</th>
|
||
<th>营收弹性 (相对23年)</th>
|
||
<th>2024 PE</th>
|
||
<th>总市值 (亿元)</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<template x-for="stock in coreStocks" :key="stock.stock_code">
|
||
<tr class="hover:bg-slate-700/50">
|
||
<td>
|
||
<a :href="'https://valuefrontier.cn/company?scode=' + stock.stock_code" target="_blank" class="font-bold text-white hover:text-cyan-400 transition-colors">
|
||
<span x-text="stock.stock"></span>
|
||
<span class="text-xs text-slate-400 ml-1" x-text="stock.stock_code"></span>
|
||
</a>
|
||
</td>
|
||
<td x-text="stock.reason" class="text-slate-300"></td>
|
||
<td class="font-mono text-lg text-green-400" x-text="stock.other['ASP(元)'].toLocaleString() + ' 元'"></td>
|
||
<td>
|
||
<div class="flex items-center gap-2">
|
||
<span class="font-mono text-lg font-bold" :class="getElasticityColor(stock.other['相对2023营收弹性'])" x-text="stock.other['相对2023营收弹性']"></span>
|
||
<progress class="progress progress-primary w-20" :value="parseFloat(stock.other['相对2023营收弹性'])" max="12"></progress>
|
||
</div>
|
||
</td>
|
||
<td class="font-mono" x-text="stock.other['2024PE']"></td>
|
||
<td class="font-mono" x-text="stock.other['总市值(亿元)']"></td>
|
||
</tr>
|
||
</template>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Rise Analysis Table -->
|
||
<section id="rise-analysis">
|
||
<div class="glass-card p-6 rounded-3xl">
|
||
<h2 class="font-orbitron text-2xl font-bold text-center mb-6 title-gradient">近期异动个股解析</h2>
|
||
<div class="overflow-x-auto">
|
||
<table class="table">
|
||
<thead>
|
||
<tr class="text-base text-slate-300">
|
||
<th>股票名称</th>
|
||
<th>异动日期</th>
|
||
<th>涨跌幅</th>
|
||
<th>核心驱动</th>
|
||
<th></th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<template x-for="(stock, index) in riseAnalysisStocks" :key="index">
|
||
<tr class="hover:bg-slate-700/50">
|
||
<td>
|
||
<a :href="'https://valuefrontier.cn/company?scode=' + stock.stock_code" target="_blank" class="font-bold text-white hover:text-cyan-400 transition-colors">
|
||
<span x-text="stock.stock"></span>
|
||
<span class="text-xs text-slate-400 ml-1" x-text="stock.stock_code"></span>
|
||
</a>
|
||
</td>
|
||
<td x-text="stock.trade_date"></td>
|
||
<td><span class="font-mono font-bold" :class="stock.rise_rate > 0 ? 'text-red-400' : 'text-green-400'" x-text="stock.rise_rate.toFixed(2) + '%'"></span></td>
|
||
<td class="max-w-md truncate text-slate-400" x-text="stock.reason.split('<br>')[0]"></td>
|
||
<td><button class="btn btn-sm btn-outline btn-primary" @click="openModal(stock)">查看解析</button></td>
|
||
</tr>
|
||
</template>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
</main>
|
||
|
||
<!-- Modal for Rise Analysis -->
|
||
<div class="modal" :class="{'modal-open': modalOpen}" @click.self="modalOpen = false">
|
||
<div class="modal-box max-w-3xl glass-card">
|
||
<h3 class="font-bold text-2xl mb-4 title-gradient" x-text="selectedStock.stock + ' (' + selectedStock.stock_code + ') 涨幅原因解析'"></h3>
|
||
<div class="prose max-w-none text-slate-300" x-html="selectedStock.reason"></div>
|
||
<div class="modal-action">
|
||
<button class="btn" @click="modalOpen = false">关闭</button>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- Footer -->
|
||
<footer class="text-center mt-16 py-8 border-t border-slate-800">
|
||
<p class="text-slate-500 text-sm">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>
|
||
<p class="text-slate-600 text-xs mt-2">免责声明：本报告为AI合成数据，所有信息仅供参考，不构成任何投资建议，投资需谨慎。</p>
|
||
</footer>
|
||
</div>
|
||
|
||
<script>
|
||
document.addEventListener('alpine:init', () => {
|
||
Alpine.data('pageData', () => ({
|
||
activeTab: 'news',
|
||
modalOpen: false,
|
||
selectedStock: {},
|
||
stockData: {
|
||
"coreStocks": [
|
||
{"stock": "无锡振华", "reason": "车身冲压件、分拼总成", "other": {"ASP(元)": 2300, "对应收入(亿元)": 2.3, "相对2023营收弹性": "10.3%", "总市值(亿元)": 55, "2024PE": 15}, "stock_code": "605319"},
|
||
{"stock": "经纬恒润", "reason": "ZCU、CCU", "other": {"ASP(元)": 3000, "对应收入(亿元)": 3.0, "相对2023营收弹性": "6.5%", "总市值(亿元)": 88, "2024PE": 37}, "stock_code": "688326"},
|
||
{"stock": "德赛西威", "reason": "ADAS+座舱域控", "other": {"ASP(元)": 11000, "对应收入(亿元)": 11.0, "相对2023营收弹性": "5.4%", "总市值(亿元)": 699, "2024PE": 25}, "stock_code": "002920"},
|
||
{"stock": "拓普集团", "reason": "底盘、空悬、座舱等", "other": {"ASP(元)": 7000, "对应收入(亿元)": 7.0, "相对2023营收弹性": "3.4%", "总市值(亿元)": 700, "2024PE": 23}, "stock_code": "601689"},
|
||
{"stock": "隆盛科技", "reason": "马达铁芯", "other": {"ASP(元)": 350, "对应收入(亿元)": 0.35, "相对2023营收弹性": "2.0%", "总市值(亿元)": 36, "2024PE": 16}, "stock_code": "300680"},
|
||
{"stock": "模塑科技", "reason": "焊接风道、侧风道装饰、后保装饰等", "other": {"ASP(元)": 1500, "对应收入(亿元)": 1.5, "相对2023营收弹性": "1.7%", "总市值(亿元)": 65, "2024PE": 9}, "stock_code": "000700"},
|
||
{"stock": "继峰股份", "reason": "冰箱、扶手、中控等", "other": {"ASP(元)": 3000, "对应收入(亿元)": 3.0, "相对2023营收弹性": "1.4%", "总市值(亿元)": 153, "2024PE": 28}, "stock_code": "603997"},
|
||
{"stock": "春秋电子", "reason": "镁铝结构件", "other": {"ASP(元)": 400, "对应收入(亿元)": 0.4, "相对2023营收弹性": "1.2%", "总市值(亿元)": 40, "2024PE": 16}, "stock_code": "603890"},
|
||
{"stock": "银轮股份", "reason": "前端模块、电池冷板等", "other": {"ASP(元)": 1300, "对应收入(亿元)": 1.3, "相对2023营收弹性": "1.2%", "总市值(亿元)": 147, "2024PE": 18}, "stock_code": "002126"},
|
||
{"stock": "精锻科技", "reason": "差速器总成", "other": {"ASP(元)": 250, "对应收入(亿元)": 0.25, "相对2023营收弹性": "1.1%", "总市值(亿元)": 48, "2024PE": 14}, "stock_code": "300258"},
|
||
{"stock": "双环传动", "reason": "主减齿轮", "other": {"ASP(元)": 750, "对应收入(亿元)": 0.75, "相对2023营收弹性": "0.9%", "总市值(亿元)": 197, "2024PE": 19}, "stock_code": "002472"},
|
||
{"stock": "保隆科技", "reason": "储气罐、TPMS", "other": {"ASP(元)": 400, "对应收入(亿元)": 0.4, "相对2023营收弹性": "0.7%", "总市值(亿元)": 99, "2024PE": 18}, "stock_code": "603197"},
|
||
{"stock": "扬杰科技", "reason": "电子零部件", "other": {"ASP(元)": 150, "对应收入(亿元)": 0.15, "相对2023营收弹性": "0.3%", "总市值(亿元)": 200, "2024PE": 17}, "stock_code": "300373"}
|
||
],
|
||
"riseAnalysisStocks": [
|
||
{"stock": "精进电动","stock_code": "688280","rise_rate": 20.0,"trade_date": "2025-08-27","reason": "核心结论: 市场提前博弈8月27日晚半年报“营收高增+毛利率转正+经营性现金流首次转正”三大拐点信号，叠加小米SU7四驱版三合一电驱系统定点放量，资金抢筹20CM涨停。<br><br>驱动概念: 新能源汽车电驱动系统规模效应+小米汽车产业链+无人驾驶<br><br>个股异动解析: <br>1.消息面： <br>（1）新能源汽车电驱动系统规模效应：板块亮点——国家能源局8月26日称我国新能源技术装备领跑全球，新型储能规模世界第一。-公司2023年11月公告获得小米SU7四驱版三合一电驱系统定点，单车价值量高于后驱版本；-公司电机、电控、减速器“三合一”产品随SU7 Pro/Max交付上量，带动规模效应。 <br>（2）小米汽车产业链：板块亮点——小米汽车计划2027年进军欧洲，产业链订单外溢。-公司为SU7四驱版核心电驱供应商，2025H1相关收入占比快速提升；-小米之家8月23日昆明汽车旗舰店开业，年底门店破2万家，渠道扩张加速车型交付。 <br>（3）无人驾驶：板块亮点——韩国首尔9月将开通L4级无人驾驶公交，全球智驾渗透率提升。-公司电驱动系统可配套L3/L4级线控底盘，已获多家无人车项目技术验证；-论坛提及“三电无敌某7电机”，侧面印证公司产品进入高阶智驾车型供应链。 <br><br>2.基本面： <br>- 2025H1经营性现金流首次转正（未经审计渠道数据），主因小米等核心客户回款改善； <br>- 小米SU7四驱版放量带动Q2营收环比大增，毛利率由负转正； <br>- 电机控制器、减速器产能利用率爬升至70%+，规模效应显现； <br>- 在手订单覆盖2025全年产量，新增2家新势力客户定点； <br>- 研发投入占营收比维持12%，800V高压电驱平台2025Q4量产。<br><br>总结: 1) 半年报现金流拐点预期；2) 小米SU7四驱版订单放量；3) 新能源电驱规模效应显现；4) 智驾车型技术验证打开第二成长曲线。"},
|
||
{"stock": "德迈仕","stock_code": "301007","rise_rate": 15.55,"trade_date": "2025-06-30","reason": "德迈仕在2025年6月30日股价大涨15.55%，最主要的原因是公司当天在互动平台明确表示，虽然尚未直接与小米汽车合作，但其生产的<b>1款方向丝杠、电动尾门轴、新能源电机主轴最终用于小米汽车中</b>。这一信息立即引发市场强烈关注，意味着德迈仕已间接进入小米汽车供应链体系，直接契合当前市场对新能源汽车产业链的热点追逐。叠加当日新能源汽车板块整体走强，以及融资资金的积极买入，共同推动了股价的放量上涨。"},
|
||
{"stock": "泉峰汽车","stock_code": "603982","rise_rate": 6.24,"trade_date": "2025-06-24","reason": "泉峰汽车上涨的核心催化剂是<b>小米汽车供应链概念</b>的发酵。市场热议其作为小米汽车“三电壳体”（电机壳、电控壳等）的供应商，并通过与汇川技术的合作关系间接强化了其在供应链中的地位。此外，当天特斯拉Robotaxi概念提振了整个汽车零部件板块，叠加公司自身新能源业务占比提升、财务状况改善的预期，共同推动了股价上涨。"},
|
||
{"stock": "富临精工","stock_code": "300432","rise_rate": 8.44,"trade_date": "2025-06-24","reason": "富临精工大幅上涨的核心驱动力是其<b>小米汽车核心供应商地位</b>的确认。市场信息显示，公司不仅为小米汽车供应电驱动减速器等零部件，还是“小米唯一直接指定的高压密磷酸铁锂供应商”。同时，固态电池概念受行业技术突破消息提振而发酵，而公司在该领域已有技术布局，形成了小米概念+固态电池的双重利好，吸引了大量资金关注。"},
|
||
{"stock": "凯众股份","stock_code": "603037","rise_rate": 5.18,"trade_date": "2025-06-24","reason": "凯众股份上涨的主要原因是受到<b>小米汽车首款SUV——YU7即将发布</b>消息的强烈催化，引发了小米汽车概念板块的整体走强。市场预期小米新车型将带来订单增长，从而利好其供应链企业。尽管官方未确认合作，但市场流传公司通过旗下参股公司间接与小米智造有关联，这种潜在的业务关联性在乐观的市场情绪推动下，带动了股价上涨。"},
|
||
{"stock": "富特科技","stock_code": "301607","rise_rate": 6.46,"trade_date": "2025-06-26","reason": "富特科技上涨的核心驱动是小米YU7发布后<b>订单量远超市场预期</b>。根据天风证券研报，富特科技是<b>小米YU7车载电源的独家供应商</b>，单车价值量达2000元。YU7开售一小时大定突破28.9万台，为公司带来了巨大的潜在收入。作为逻辑最正、确定性最强的核心供应商之一，公司直接受益于小米汽车的热销，引发了板块联动效应和资金的追捧。"},
|
||
{"stock": "渤海汽车","stock_code": "600960","rise_rate": 9.98,"trade_date": "2025-06-26","reason": "渤海汽车涨停主要受<b>小米汽车供应链关联和重组预期</b>双重驱动。消息面上，小米YU7即将发布，而公司通过收购的企业中有两家是小米核心供应商。同时，公司正在进行的“四合一重组”为未来发展提供了想象空间。叠加其在新能源汽车零部件领域的布局，多重利好共同作用，引发市场关注。"},
|
||
{"stock": "欣锐科技","stock_code": "300745","rise_rate": 5.15,"trade_date": "2025-06-24","reason": "欣锐科技上涨的核心原因是作为小米汽车供应链企业，受益于<b>小米Yu7新车发布的强烈预期</b>。市场讨论中，当另一核心供应商富特科技可能因大涨而难以买入时，资金转向寻找同为小米供应链的欣锐科技作为<b>替代标的</b>，形成了替代效应，推动了股价上涨。"},
|
||
{"stock": "海泰科","stock_code": "301022","rise_rate": 5.75,"trade_date": "2025-06-23","reason": "海泰科股价上涨的主要原因是对<b>小米汽车新款SUV车型YU7发布</b>的预期。作为小米汽车的注塑模具供应商之一，且此前在SU7发布后股价曾有显著上涨的历史表现，投资者形成了“历史重演”的预期。随着新车型发布临近，市场资金提前布局，推动了股价上涨。"},
|
||
{"stock": "纽泰格","stock_code": "301229","rise_rate": 6.14,"trade_date": "2025-06-24","reason": "纽泰格上涨的最直接原因是<b>小米YU7即将发布的消息</b>引发了小米汽车概念股的集体走强。同时，公司在新能源汽车轻量化领域具备显著的技术壁垒和客户优势（客户包括比亚迪、蔚来等），基本面扎实。在概念催化和基本面支撑的双重作用下，股价获得上涨动力。"},
|
||
{"stock": "金田股份","stock_code": "601609","rise_rate": 6.05,"trade_date": "2025-06-27","reason": "金田股份上涨的核心催化剂是公司在互动平台宣布<b>已实现对小米汽车高压扁线的批量供货</b>。这一消息确认了公司与热门科技巨头的合作关系，表明其在800V高压平台电磁扁线领域的技术实力获得认可。叠加新能源车产业链和铜业板块的整体向好趋势，共同推动了股价的显著上涨。"},
|
||
{"stock": "浙江华远","stock_code": "301535","rise_rate": 8.44,"trade_date": "2025-06-23","reason": "浙江华远上涨的核心原因是市场传闻其为<b>小米汽车YU7的供应商</b>，在小米新车发布预期下受到资金追捧。同时，该股具备<b>次新股</b>属性，通常市场关注度较高、股性活跃，容易受到概念催化而大幅波动。技术面反弹和融资买入的增加也起到了辅助推动作用。"}
|
||
]
|
||
},
|
||
|
||
get coreStocks() {
|
||
return this.stockData.coreStocks;
|
||
},
|
||
|
||
get riseAnalysisStocks() {
|
||
return this.stockData.riseAnalysisStocks;
|
||
},
|
||
|
||
getElasticityColor(elasticityStr) {
|
||
const value = parseFloat(elasticityStr);
|
||
if (value >= 10) return 'text-red-400';
|
||
if (value >= 5) return 'text-orange-400';
|
||
if (value >= 2) return 'text-yellow-400';
|
||
return 'text-green-400';
|
||
},
|
||
|
||
openModal(stock) {
|
||
this.selectedStock = stock;
|
||
this.modalOpen = true;
|
||
},
|
||
|
||
init() {
|
||
this.initChart();
|
||
},
|
||
|
||
initChart() {
|
||
const chartDom = document.getElementById('elasticity-chart');
|
||
const myChart = echarts.init(chartDom, 'dark'); // Use dark theme
|
||
|
||
const chartData = this.coreStocks.map(s => ({
|
||
name: s.stock,
|
||
value: parseFloat(s.other['相对2023营收弹性'])
|
||
})).sort((a, b) => b.value - a.value);
|
||
|
||
const option = {
|
||
backgroundColor: 'transparent',
|
||
tooltip: {
|
||
trigger: 'axis',
|
||
axisPointer: { type: 'shadow' },
|
||
formatter: '{b}: {c}%',
|
||
backgroundColor: 'rgba(15, 23, 42, 0.8)',
|
||
borderColor: 'rgba(0, 191, 255, 0.5)',
|
||
textStyle: { color: '#e0e6f0' }
|
||
},
|
||
grid: {
|
||
left: '3%',
|
||
right: '4%',
|
||
bottom: '3%',
|
||
containLabel: true
|
||
},
|
||
xAxis: {
|
||
type: 'value',
|
||
boundaryGap: [0, 0.01],
|
||
axisLabel: { color: '#8892b0', formatter: '{value}%' },
|
||
splitLine: { lineStyle: { color: 'rgba(120, 42, 248, 0.2)' } }
|
||
},
|
||
yAxis: {
|
||
type: 'category',
|
||
data: chartData.map(d => d.name),
|
||
axisLabel: { color: '#e0e6f0' }
|
||
},
|
||
series: [
|
||
{
|
||
name: '营收弹性',
|
||
type: 'bar',
|
||
data: chartData.map(d => d.value),
|
||
itemStyle: {
|
||
borderRadius: [0, 5, 5, 0],
|
||
color: new echarts.graphic.LinearGradient(1, 0, 0, 0, [
|
||
{ offset: 0, color: '#00F5FF' }, // Cyan
|
||
{ offset: 1, color: '#782AF8' } // Purple
|
||
])
|
||
},
|
||
emphasis: {
|
||
itemStyle: {
|
||
color: new echarts.graphic.LinearGradient(1, 0, 0, 0, [
|
||
{ offset: 0, color: '#50f7ff' },
|
||
{ offset: 1, color: '#9d63f9' }
|
||
])
|
||
}
|
||
}
|
||
}
|
||
]
|
||
};
|
||
myChart.setOption(option);
|
||
window.addEventListener('resize', () => myChart.resize());
|
||
}
|
||
}));
|
||
});
|
||
</script>
|
||
|
||
</body>
|
||
</html> |