还有 3 页未读 ，您可以 继续阅读 或 下载文档
报告派所有资源均由用户上传分享，仅供网友学习交流，未经上传用户书面授权，请勿作商用。
1、本文档共计 3 页，下载后文档不带水印，支持完整阅读内容或进行编辑。
2、当您下载文档后，并不意味着拥有了版权，文档仅供网友学习交流，不得用于其他商业用途。
3、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！
4、本本所有内容不构成任何投资建议，不具有任何指导和买卖意见。
5、如文档内容存在违规，或者侵犯商业秘密、侵犯著作权等，请点击“违规举报”。
华铁应急(603300.SH)光大证券财务报表与盈利预测202020212022E2023E202020212022E2023E2024E15242,6073,5684,8096299739710,566143141791421,648营业成本7021,2611,7122,3073.022货币资金147138189254333287225517692864交易性金融资产00000税金及附加510141924应收账款1.4442.0993.0344.0565,329销售费用133220301406532应收票据6082111145管理费用95142194262343其他应收款（合计）32537398129研发费用445778106252存货37506889财务费用150190292504621其他流动资产195169265389538投资收益3182040602,0153,8425,1346,73248270092111811,489其他权益工具000048169992011801,488长期股权投资691876876876876所得税8299131201254固定资产43162.8193,4674,0364,522净利润3995997899791234在建工程1025569776101101101101无形资产109983234986888781133201201201201201EPS元)0.360.550.500.630.82其他非流动资产31151515155,382799010.47212,78014916202020212022E2023E2024E总负债3,6736,482955512,17914,680经着活动现金流11057621,441短期借款1.0609125.9286.9888.044净利润3234986888781,133应付账款3538771.1911,6052,102折旧摊销287225517692864应付票据00000净营运资金增加769-16867761972预收账款00000其他-8403981,310891其他流动负债1726447499投资活动产生现金流-603-5593-2960-2,9402,4823,278,0089,86111,701净资本支出-1,471-680-1,000-1,000-1,000长期借款02715718711,171长期投资变化691876应付债券00000其他资产变化7994,593其他非流动负债0205205283409资活动现金流1,069-49848821,585125411913,20515472,3182,979股本变化223048503,7244,0854,7595,7356,968债务净变化614224,6341,6221.513股本9039031,3881,3881,388无息负债变化46923861,5601.002988公积金1,7581,5121,0951,29650516679未分配利润8891,3742,6693,688归属母公司权益33353,7094.2825.1576,289少数股东权益390375477578679主要指标202020212022E2023E2024E202020212022E2023E毛利率53.9%51.6%52.09%52.0%52.09%销售费用率8.75%8.45%8.45%8.45%8.45%EBITDA率57.0%45.49%513%51.29%48.79%管理费用率6259%5.449%5.449%5.449%5.449%EBIT率37.8%36.4%36.%35.0%财务费用率7.30%8.18%10.499%985%税前净利润率31.6%26.8%25.8%24.5%23.6%研发费用率2.86%2.20%2.20%2.20%4.009%归母净利润率21.29%19.1%1939%18.3%18.0%所得税率17%149%14%17%179%ROA5.49%5.5%5.5%9.7%13.4%16.1%17.09%18.09%202020212023E2024E经营性ROIC10.8%16.0%11.3%11.6%每股红利0.000.130.000.000.00每股经营现金流0.601220.551.041.27202020212022E2023E2024E每股净资产3.694.113.093.724.54资产负债率50%61%679%68%68%每股销售收入1.692.892.573.474.54流动此率0.810.790.480.520.58速动此率0.800.780.470.510.57202020212022E2023E归母权益/有息债务2.241.940.650.630.65PE2214161210有形资产/有息债务4.785.392.152.162.21PB2.11.92.62.11.7EV/EBITDA109.67.96.9资料来源：WMnd,光大证券研究所调股息率0%2%0.0%0.0%0.0%敬请参阅最后一页特别声明-2证券研究报告
转换为Word/PPT