华鑫证券2021A2022E2023E2024E利润表2021A2022E2023E2024E3.1173.8034,576现金及现金等价物2.1631.8932.0092.251营业成本2.3021.9892.4072,888应收款52606356营业税金及附加26253035存货157160167176销售费用740647783933其他流动资产495470483514管理费用229235281329流动资产合计2.8662.5832.7222.997财务费用3-24-36-46非流动资产：研发费用253137金融类资产247227217217费用合计1.0008831.0601.254固定资产1.6371,6001,5231,433资产减值损失-1000在建工程122198公允价值变动-62无形资产197187177168投资收益261312长期股权投资2222营业利涧227268346432其他非流动资产188188188188加：营业外收入5021非流动资产合计2.1452.0261.9091.799减：营业外支出410资产总计5.0114.6094.6314.796273262347433所得税费用51526985短期借款1.217717517417210279应付账款、票据346331367400少数股东损益000其他流功负债282282282282223210279348流动负债合计1.9441.3981.2291.150非流动负债：2021A2022E2023E2024E长期借款000其他非流动负债88888888营业收入增长率-7.8%-10.1%22.0%20.3%非流动负债合计88888888-37.9%-5.5%32.5%25.1%负债合计2.0321.4861,3161.237毛利率33.6%36.2%36.7%36.9%股本415411411411四项费用/营收28.8%28.3%27.9%27.4%2.9803.1233.3153.5596.4%6.7%7.3%负债和所有者权益5.0114.6094.6314,796ROE7.5%6.7%8.4%偿债能力现金流量表2021A2022E2023E2024E资产负债率40.5%32.2%28.4%25.8%净利润222210279348营运能力少数股东权益0000总资产周转率0.70.70.81.0147119116110应收账款周转率66.952.160.881.1公允价值变动-63存货周转率14.712.614.616.6营运资金变动-277-52-2-14经营活动现金净流量87280394446EPS0.540.510.680.85投资活功现金净流量390129117102P/E35.637.328.122.5筹资活动现金净流量-747-567-286-205P/S2.32.52.11.7现金流量净额-270-158225343P/B2.72.52.42.2请阅读最后一页重要免责声明诚信、专业、稳健、高效