From 1489b2a71ac29376483ca13c49c66adb5b8799ab Mon Sep 17 00:00:00 2001 From: danpian1 <87922625+danpian1@users.noreply.github.com> Date: Thu, 16 Apr 2026 22:03:45 +0800 Subject: [PATCH 1/6] Add growth-investing/SKILL.md --- skills/growth-investing/SKILL.md | 51 ++++++++++++++++++++++++++++++++ 1 file changed, 51 insertions(+) create mode 100644 skills/growth-investing/SKILL.md diff --git a/skills/growth-investing/SKILL.md b/skills/growth-investing/SKILL.md new file mode 100644 index 00000000..7986c18b --- /dev/null +++ b/skills/growth-investing/SKILL.md @@ -0,0 +1,51 @@ +--- +name: growth-investing +description: 成长股投资框架 — 聚焦净利润增速、营收增速、渗透率提升的高成长公司。当用户说「成长股」「高成长」「渗透率」「营收增速」「净利润增速」「第二曲线」时激活。 +--- + +# 成长股投资框架 + +成长股核心逻辑：寻找净利润/营收增速持续≥30%，且护城河在扩大的公司。 + +## 选股维度 + +### 1. 成长性指标 +| 指标 | 优秀 | 合格 | 警告 | +|------|------|------|------| +| 净利润增速（近3年） | ≥30% | ≥20% | <15% | +| 营收增速（近3年） | ≥40% | ≥25% | <15% | +| 季度环比增速 | ≥15% | ≥8% | 负增长 | + +### 2. 质量指标 +| 指标 | 优秀 | 合格 | +|------|------|------| +| ROE | ≥20% | ≥15% | +| 毛利率趋势 | 上升或稳定 | 持平 | +| 资产负债率 | <50% | <60% | +| 经营现金流 | 正且增长 | 正 | + +### 3. 估值锚点 +``` +PEG = 市盈率 / 净利润增速 +PEG < 1 → 成长被低估 +PEG < 0.7 → 明显低估（买入信号） +PEG > 1.5 → 成长被高估 +``` + +### 4. 催化剂识别 +- 新产品/新市场发布 +- 产能扩张落地 +- 政策利好 +- 行业渗透率突破临界点（<20%→快速提升期） +- 季度财报超预期 + +## 操作框架 +``` +买点：PEG<0.7 或 回调至MA20/MA60支撑 +持有：净利润增速持续≥20% +卖出：PEG>1.5 或 增速降至<15% 或 核心产品被颠覆 +止损：跌破MA60（趋势破坏） +``` + +## 参考 +详见 references/growth-metrics.md From fddd1cc4bf68d0487c53474bb70048541a01a2f3 Mon Sep 17 00:00:00 2001 From: danpian1 <87922625+danpian1@users.noreply.github.com> Date: Thu, 16 Apr 2026 22:03:47 +0800 Subject: [PATCH 2/6] Add growth-investing/references/growth-metrics.md --- skills/growth-investing/growth-metrics.md | 21 +++++++++++++++++++++ 1 file changed, 21 insertions(+) create mode 100644 skills/growth-investing/growth-metrics.md diff --git a/skills/growth-investing/growth-metrics.md b/skills/growth-investing/growth-metrics.md new file mode 100644 index 00000000..7fd11285 --- /dev/null +++ b/skills/growth-investing/growth-metrics.md @@ -0,0 +1,21 @@ +# 成长股关键指标 + +## 必备指标 +- 净利润增速（YoY）：近3年复合≥25% +- 营收增速（YoY）：近3年复合≥30% +- 季度环比：连续2季度≥15% +- PEG：<0.7低估 / >1.5高估 + +## 渗透率判断 +| 渗透率阶段 | 投资价值 | +|-----------|---------| +| <5% | 导入期，题材为主 | +| 5%~20% | 爆发期，最佳介入 | +| 20%~50% | 增速高峰，长期持有 | +| >50% | 成熟期，竞争激烈 | + +## 常见成长陷阱 +- 依赖单一客户/产品 +- 应收账款增速>营收增速 +- 毛利率持续下降 +- 核心团队离职 From 2e6691410fc229f11e8d5e474e2196953a1eb252 Mon Sep 17 00:00:00 2001 From: danpian1 <87922625+danpian1@users.noreply.github.com> Date: Thu, 16 Apr 2026 22:05:26 +0800 Subject: [PATCH 3/6] Add growth-investing/SKILL.md From 3eee67a85ede92bc52797187569687a381807baa Mon Sep 17 00:00:00 2001 From: danpian1 <87922625+danpian1@users.noreply.github.com> Date: Thu, 16 Apr 2026 22:05:28 +0800 Subject: [PATCH 4/6] Add growth-investing/references/growth-metrics.md From 7ba1dad758d17c89ec1e4fb5c48636c6b8690e2f Mon Sep 17 00:00:00 2001 From: danpian1 <87922625+danpian1@users.noreply.github.com> Date: Thu, 16 Apr 2026 22:06:37 +0800 Subject: [PATCH 5/6] Add growth-investing/SKILL.md From 1530e1292a2aa07f8acfa5620821b1bf822ff752 Mon Sep 17 00:00:00 2001 From: danpian1 <87922625+danpian1@users.noreply.github.com> Date: Thu, 16 Apr 2026 22:06:39 +0800 Subject: [PATCH 6/6] Add growth-investing/references/growth-metrics.md