中国银河证券CHINA GALAXY SECURITIES公司点评/社会服务行业公司财务预测表2022E2023E2024E2022E2023E2024E430.18484.22576.53822.61营业收入418.64399.90640.86769.03现金402.51443.78535.95776.51营业成本209.21279.93202.92237.63应收账款7399.1921.1514.35营业税金及附加5.280.801.281.54其它应收款1451.563.092.43营业货用53.8043.9970.4984.59预付账款4.599.827377.39管理货用76.6979.98128.17153.816.4812.1112014.15财务货用0.05-12.884.44-10.72其他7.777.777.777.770.000.000.000.001171.931189351245.051289.28公允价值变动收益0.000.000.000.000.000.000.000.00投资净收益2.314.004.61925.97976.241061.851118.17营业利润86.8820.08257.17316.03109.53106.39103.4699.88营业外收入0.095.000.000.00其他136.43106.7279.747123营业外支出0.780.000.000.001602.121673.581821.582111.8986.1925.08257.17316.03流动负债247.58300.2325022303.50所得税25.566.2759.1579.01短期借款80.0077.5075.0055.00净利润60.6318.81198.02237.02应付账款78.0782.7645.20106.409.130.191.982.37其他89.51139.98130.02142.10归属母公司净利润515018.62196.04234.6585.5885.5885.5885.58EBITDA180.80154.14417.46488.96长期借款0.000.000.000.00EPS(元)0.280.101.051.26其他85.5885.5885.5885.58333.16385.81335.80389.0820212022E2023E2024E99.2899.47101.45103.82营业收入11.86%4.48%60.26%20.00%1169.67118829138331618.98营业利润-0.64%-76.89%1180.85%22.89%1602.121673.581821582111.89归属母公司净利润6.17%63.84%952.82%19.69%毛利率50.03%30.00%68.34%69.10%2022E2023E2024E净利率12.30%4.66%30.59%30.51%136.99203.14315.10488.44ROE4.40%1.57%14.16%14.49%净利润60.6318.81198.02237.02ROIC3.95%0.17%11.63%12.15%折旧摊销100.57150.94169.85188.26资产负债率20.80%23.05%18.43%18.42%财务货用10.590.000.000.00净负债比率2625%29.96%22.60%22.58%投资损失-2.314.00-5.134.61流动比率1.741.612.302.71营运资金变动-27.9142.39-47.6567.77速动比率1.661.512.242.61其它-4.58-5.000.000.00总资产周转率0.260.240.350.36-153.58-159.36-220.43-227.88应收帐款周转率56.6843.5430.3053.58资本支出-155.89-130.96-189.56-198.47应付帐款周转率5.364.8314.187.23长期投资0.00-32.40-35.99-34.020.280.101.051.26其他2314.005.134.610741.091.692.62-126.48-250-2.50-20.006.286.387.438.69短期借款-55.00-250-2.50-20.00P/E110.08304.4428.9224.16长期借款0.000.000.000.00P/B4.854.774.103.50其他-71480.000.000.00EV /EBITDA16.8134.9112.6610.28-143.0741.2892.17240.56P/S13.5414.188.857.37请务必阅读正文最后的中国银河证券股份有限公司免黄声明。2