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    "2023",
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  "gross_margin_history": [
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  "net_margin_history": [
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  "roe": "9.8%",
  "roic": "6.4%",
  "net_margin": "4.4%",
  "gross_margin": "22.3%",
  "revenue_growth_yoy": 27.93,
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  "revenue_growth_period": "2025-12-31",
  "revenue_growth_basis": "reported_yoy",
  "revenue_growth_source": "akshare.stock_financial_hk_analysis_indicator_em:OPERATE_INCOME_YOY",
  "profit_growth": "-27.4%",
  "financial_health": {
    "debt_ratio": 50.0,
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  "eps": 3.49,
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  "currency": "HKD"
}

{
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    "assumptions": {
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  },
  "dcf_sensitivity": {
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      9,
      10,
      11,
      12
    ],
    "growths": [
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      10,
      12
    ],
    "values": [
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      ],
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    "current_price": 26.86
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  "_valuation_source": "basic"
}

{
  "intangible": null,
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  "scale": null,
  "scores": null,
  "scores_available": false,
  "scores_evidence": {
    "intangible": false,
    "switching": false,
    "network": false,
    "scale": false
  },
  "scores_note": "未评估：四个护城河维度均未检索到有效证据。",
  "rd_summary": null,
  "web_search_snippets": {
    "intangible": null,
    "switching": null,
    "network": null,
    "scale": null,
    "rd": null
  },
  "moat_framework": [
    "intangible",
    "switching",
    "network",
    "scale",
    "efficient_scale"
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}

{
  "kline_count": 60,
  "indicators": {
    "last_close": 24.68,
    "ma5": 21.09,
    "ma10": 23.735,
    "ma20": 23.8465,
    "ma60": 19.784499999999998,
    "ma120": 19.784499999999998,
    "ma200": 19.784499999999998,
    "above_ma20": true,
    "above_ma200": true,
    "ma_bull_alignment": false,
    "macd_dif": 0.34749636864835054,
    "macd_dea": 1.0182232013511732,
    "macd_hist": -1.3414536654056453,
    "macd_golden_cross": false,
    "rsi_14": 44.925925925925924,
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    "kdj_d": 27.9,
    "kdj_j": 26.8,
    "obv": 6927264.0,
    "obv_trend_up": true,
    "williams_r": -47.2,
    "year_high": 28.7,
    "year_low": 12.79,
    "pct_from_year_high": 0,
    "stage": 3,
    "vol_5_vs_20": 2.770022787400171,
    "vcp_score": 0
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  "stage": "Stage 3 顶部",
  "ma_align": "非多头",
  "macd": "死叉水上",
  "rsi": "45",
  "chip_distribution": null,
  "candles_60d": [
    {
      "date": "2026-06-22",
      "open": 29.0,
      "close": 26.7,
      "high": 30.0,
      "low": 25.0
    },
    {
      "date": "2026-06-23",
      "open": 29.1,
      "close": 25.1,
      "high": 29.14,
      "low": 23.2
    },
    {
      "date": "2026-06-24",
      "open": 25.1,
      "close": 18.0,
      "high": 25.9,
      "low": 16.28
    },
    {
      "date": "2026-06-25",
      "open": 18.15,
      "close": 19.1,
      "high": 20.5,
      "low": 17.66
    },
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      "open": 19.1,
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... (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": null,
  "_note": "HK 南向具体持股变动需走 AASTOCKS Playwright 或 hkexnews holdings page；本字段提供港股通资格 + eniu 市值历史作 proxy。"
}

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

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    "industry": "软件服务",
    "incorporation_country": "中国",
    "incorporation_date": "2013-04-03",
    "employees": "362",
    "auditor": "天健国际会计师事务所有限公司",
    "year_end": "12-31",
    "intro": "    深圳海清智元科技股份有限公司成立于2013年,是国家工信部认定的国家级专精特新重点“小巨人”企业。总部及研发中心位于中国深圳,并在深圳和浙江龙游设有智能制造中心。根据弗若斯特沙利文的研究报告,以2024年收入计算,海清智元在中国多光谱AI企业中市场份额排名第一,在多光谱AI大模型服务领域位居全国第一,在多光谱AI模组领域排名全国第三。至今,公司已服务全球超2500家客户。",
    "isin": "CNE100007Q46",
    "lot_size": "500",
    "issue_price": "7.2",
    "is_south_bound_sh": true,
    "is_south_bound_sz": true,
    "pe_ttm": 633.339384974817,
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    "market_cap": "161.1亿",
    "_ranks": {
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      "valuation": {
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        "pb_mrq": 19.053170331912,
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        "ps_ttm": 19.72459923194,
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      "scale": {
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        "revenue": 410455000.0,
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    "_fallback_snap": "hk_combined(xq+em_profile+em_valuation)+tencent_qt
... (truncated)

{
  "main_business_breakdown": null,
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  "upstream": null,
  "downstream": null,
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}

{
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    "industry_pe_median": 84.13,
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  "total_companies": 441,
  "industry_pe_weighted": 40.61,
  "dynamic_snippets": {
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    "TAM": null,
    "周期": null
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}

{
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  "industry_resolved": "软件服务",
  "_autofill_failed": {
    "query": "01392.HK 01392 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": "数说期市，交易所场外平台助力服务实体经济 - 财联社电报 — 2022年10月13日 · “交易所场外平台助力期货公司推…",
  "note": "软件服务 行业与期货市场无强相关品种",
  "_autofill": {
    "query": "软件服务 行业 上下游 期货品种 套保 大宗",
    "snippet": "数说期市，交易所场外平台助力服务实体经济 - 财联社电报 — 2022年10月13日 · “交易所场外平台助力期货公司推出多样的创新服务项目，更好地服务于产业链上下游企业，在套期保值及期现结合等方面，带动产业链上下游中小企；[PDF] 数智化转型背景下中国期货市场技术创新研究* — 料产业上下游端企业的情绪，我们发现，企业. 除了注重短期利润创收之外，也开始关注自身. 长期价值的可持续性，进而对于套期保值的需. 求不断上升。 数据显示，20；赋能实体，期货市场服务机构“有一手” - 证券时报 — 同时，部分期货公司针对套保企业推出配套的专属服务，通过专属账户、专人对接、专项服务群组等立体化服务",
    "source": "ddgs"
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}

{
  "pledge": null,
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  "qualitative_search": [
    "01392.HK 关联交易 违规 处罚",
    "01392.HK 股权激励"
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}

{
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    "— · 中标签单拿项目 上市公司开年干劲十足",
    "— · 力挺硬核科技 加码新兴产业——透视一季度上市公司大额合同与订单_中证网",
    "— · 开足马力忙生产 多家上市公司密集披露新订单",
    "— · 新市场激活新订单 上市公司稳扎稳打开新局|上海证券报",
    "— · 力挺硬核科技 加码新兴产业 ——透视一季度上市公司大额合同与订单"
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  "recent_news": null,
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  "catalysts": null,
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  "_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"
}

{
  "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": null,
    "us_rate": null,
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      {
        "title": "周小明：2026下半年是中美经贸博弈关键时期，有几件事值得关注",
        "body": "May 28, 2026 - 2026年国防授权法案明确禁止美国国防体系使用中国AI模型、限制联邦机构采购中国信息技术设备。最近，美国联邦通信委员会更新相关认证规则，不再认可中国实验室出具的检测报告，直接切断中国企业对美合规出口的重要通道。在特朗普启程访华的前两天，美国依旧加码制裁，将9家中国企业纳入管制清单。 · 最新消息是，5月19日，美国司法部在加利福尼亚北区地区法院对中集集团等四家中国集装",
        "url": "https://www.guancha.cn/ZhouXiaoMing/2026_05_28_818601.shtml"
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      {
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        "body": "尽管美国高举制裁大棒，但在“管理性贸易”的新范式下，《2026议程》也暗含了“议题挂钩”（issue-linkage）的交易策略。美方试图将市场准入与执法行动强行捆绑。例如，美方暗示如果中国在扩大农产品（大豆、猪肉、玉米）采购上做出让步，美国可能延长部分301关税排除期；如果中国在数字服务税或云计算领域妥协，美方可能暂缓新的301调查；在汽车标准互认上，也留有避免额外检测认证的谈判空间。然而，对于",
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      },
      {
        "title": "2025国际贸易合规年度回顾及2026年展望",
        "body": "总体而言，NDAA 2026通过在人工智能、数据安全及政府采购等关键领域引入更具针对性的限制措施，显著收紧了美国国家安全相关合规边界，不仅进一步压缩了涉华技术和产品进入美国政府体系的空间，也对依赖跨境供应链...",
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    ],
    "commodity": null,
    "industry_macro": null
  },
  "year": 2026,
  "industry": "软件服务",
  "_autofill_failed": {
    "query": "2026 中国 利率 货币政策 降息 汇率 大宗商品 宏观环境",
    "reason": "MX/ddgs 都没有返回内容"
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}

{
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  "snippets": {
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    "subsidy": null,
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  },
  "year": 2026,
  "industry": "软件服务",
  "cfachina_titles_count": 0,
  "_autofill_failed": {
    "query": "软件服务 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 100",
  "thermometer_value": 100,
  "guba_volume": "0 条结果",
  "big_v_mentions": null,
  "sentiment_data_available": false,
  "positive_pct": null,
  "sentiment_label": "数据缺失（未抓到有效舆情，非真实负面）",
  "platform_snippets": {
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    "guba": null,
    "zhihu": [
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        "title": "海清智元 (01392) 股票股价_股价行情_财报_数据报告 - 雪球",
        "body": "雪球为您提供海清智元 (01392)股票实时行情,资金流向,新闻资讯,研究报告,社区互动,交易信息,个股点评,公告,财务指标分析等与海清智元 (01392)股票相关的信息与服务.",
        "url": "https://xueqiu.com/S/01392"
      },
      {
        "title": "海清智元 (1392.HK) 股價、新聞、報價和記錄 - Yahoo 財經",
        "body": "正在載入 1392.HK 圖表 前收市價 19.030 開市 19.030 買入價26.300 x -- 賣出價26.440 x -- 今日波幅 19.000 - 28.800 52 週波幅 12.360 - 30.200 成交量 13,842,860 平均成交量 1,454,776 市值 (當日) 20.439十億 Beta 值 (5 年，每月)-- 市盈率 (最近 12 個月)...",
        "url": "https://hk.finance.yahoo.com/quote/1392.HK/"
      },
      {
        "title": "1392股票价格和图表 - HKEX:1392 — TradingView",
        "body": "如何购买 Shenzhen HQVT Technology Co., Ltd. Class H 股票？ 与其他股票一样， 1392 股票在证券交易所交易，例如纳斯达克、纽约证券交易所、泛欧交易所，最简单的购买方式是通过在线股票经纪商。 为此，您需要开设一个账户并遵循经纪商的程序，然后开始交易。",
        "url": "https://cn.tradingview.com/symbols/HKEX-1392/"
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    ],
    "weibo": [
      {
        "title": "海清智元 (1392.HK) 股價、新聞、報價和記錄 - Yahoo 財經",
        "body": "正在載入 1392.HK 圖表 前收市價 19.030 開市 19.030 買入價26.300 x -- 賣出價26.440 x -- 今日波幅 19.000 - 28.800 52 週波幅 12.360 - 30.200 成交量 13,842,860 平均成交量 1,454,776 市值 (當日) 20.439十億 Beta 值 (5 年，每月)-- 市盈率 (最近 12 個月)...",
        "url": "https://
... (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": {
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{
  "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"
    }
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  "dpswang": null,
  "summary": {
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    "high_return_cubes": 0,
    "s_tier_holders": 0,
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    "b_tier_holders": 0,
    "tgb_mentions_count": 0,
    "ths_evidence_count": 0,
    "xueqiu_login_required": true,
    "xueqiu_source": "http"
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  "fallback_queries": [
    "淘股吧 实盘 1392 持仓",
    "挑战者杯 1392",
    "雪球 实盘组合 1392 50%",
    "全国期货实盘大赛 1392"
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  "_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）。"
}