华鑫证券2021A2022E2023E2024E利润表2021A2022E2023E2024E1,1111,4431.8322,251现金及现金等价物465473469505营业成本8131.0521.632应收款8101214营业税金及附加12存货170189228248销售费用128163205250其他流动资产119130147158管理费用7895115流动资产合计762802855925财务费用-13-13-13-14非流动资产：研发费用24263443金融类资产0000费用合计206254321393固定资产227228219207资产减值损失0000在建工程112公允价值变动00无形资产292826投资收益11长期股权投资0000营业利涧100139179221其他非流动资产31313131加：营业外收入103非流动资产合计314297281265减：营业外支出92资产总计1.0761,1001,1361,189137179222所得税费用7111416短期借款000084126165206应付账款、票据6少数股东损益-2-2-2其他流功负债6262626285128167209流动负债合计165178191205非流动负债：2021A2022E2023E2024E长期借款000其他非流动负债21212121营业收入增长率22.2%29.9%27.0%22.8%非流动负债合计21212121-17.8%50.3%30.8%24.9%负债合计186198212226毛利率26.8%27.1%27.4%27.5%股本403451451451四项费用/营收18.6%17.6%17.5%17.5%8909019249647.6%8.7%9.0%9.2%负债和所有者权益1.0761.1001.1361.189ROE9.5%14.2%18.1%21.6%偿债能力现金流量表2021A2022E2023E2024E资产负债率17.3%18.0%18.6%19.0%净利润84126165206营运能力少数股东权益-12-2-2总资产周转率1.01.31.61.925171716应收账款周转率141.2146.0152.1158.7公允价值变动000存货周转率4.85.65.96.6营运资金变动85-19-44-19经营活动现金净流量193122135201EPS0.210.280.370.46投资活功现金净流量-118151515P/E73.054.341.533.3筹资活动现金净流量-66-115-142-167P/S5.64.83.83.1现金流量净额923848P/B7.07.77.57.2请阅读最后一页重要免责声明诚信、专业、稳健、高效