首页行业分类金融证券证券2023-03-13-财通证券-阳光诺和-业绩延续高增长，长期看好一体化平台协同
私信

热门文档

相关合集

快递最后一公里配送模式

2026-08-1124份文档

钻石/天然钻石/培育钻石

2026-08-10134份文档

足球产业/体育赛事

2026-10-3139份文档

租车

2026-08-1143份文档

PDF

2023-03-13-财通证券-阳光诺和-业绩延续高增长，长期看好一体化平台协同

2023-03-15我*****83页798.35K

下载文档收藏文档
请阅读并同意免责条款
违规举报用手机查看分享文档 转换为Word/PPT
下载文档
/3
全屏查看
2023-03-13-财通证券-阳光诺和-业绩延续高增长，长期看好一体化平台协同
还有 3 页未读 ，您可以 继续阅读 或 下载文档
下载文档 继续在线阅读
下载提示文本预览
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”。
财通证养CAITONG SECURITIES公司点评/证券研究报告公司财务报表及指标预测2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E493.65676.611255.19减：营业成本229.97301.15420.69554.45708.46营业收入增长平42.1%37.1%395%330%30.8%0.501.121.892.51328营业利润增长单48.1%38.1%50.7%34.8%销售费用17.0320.2730.2042.6855.8145.8%47.6%43.1%373%35.9%管理费用68.609054122.71163.18213.39EBITDA增长率59.9%42.1%143%34.0%35.6%研发费用475889.69122.71163.18213.39EBT增长率48.4%37.8%49.7%34.0%35.6%2.773.730.000.000.00NOPLAT增长率46.7%44.5%43.3%33.8%36.4%0.000.000.000.000.00351.1%19.4%19.6%22.5%0.000.000.000.000.00298.9y%180%25.1%29.3%2.620.008.779.131692725513350.52472.6653.4%555%55.4%55.89%56.8%加：营业外净收支-0.49-0.14-0.130.1324.8%25.0%27.0%27.9%28.8%122.10169.14254.94350.404725422.0%23.4%242%24.9y%25.9%减：所得税13.3111.1026.8737.2347.92EBITDA/营业枚入31.8%33.0%27.0%272%28.2%105.6615595223.21306.56416.4925.1%2520%27.0%272%28.2%2021A2022A2023E2024E2025E49025608.931183.971425.221995.93国定资产周转天数774232交易性金融资产157.6013.1113.1113.1113.11127620109.45202.70126.56311.29261306965615415435323.404.160.000.000.00应收怅款周转天数596325.94243339.6553.675724存货周转天数27.8412.5413.6022.1925.75总资产周转天数593720627590568945225.225.22522722629539496474持有至到期投资ROE13.y%17.4%19%215%22.6%长期股权投资0.000.000.000.008.5%10.7%122%13.4%14.89%投资性房地产0.000.000.000.000.00 ROIC11.3%13.7%16.4%17.9%19.5%86.96142.74142.74142.74142.743.400.000.000.000.003.5%32%34%3.4%无形资产3324204.204.2042013.9%13.4%13.0%13.0%13.0%其他非流动资产31.998.788.788.780.6%0.0%0.0%0.0%1242.651463.091822.642290.9928162416.9%162%16.4%16.4%13801201.17201.17201.17201.17183633.0334.0151.8569.0438.1%37.9%37.7%36.7%33.5%0.000.000.000.000.0061.5%61.1%60.4%58.1%50.3%4.342.862.862.862.862252.012.152.640.000.000.000.000.001861.632.062.222.55其他非流动负债0.000.000.000.000.00利息保障倍数34.6917.57473.0155486841.52942.167.69115316.3931.12DPS(元)0270.000.000.000.0080.0080.0080.0080.0080.00182.10316.85540.07846.631263.120.2%0.0%0.0%0.0%0.0%769.64908231136.301874.082021A2022A2023E2024E2025E2021A2022A2023E2024E2025EEPS(元)1512.793.83521105.6615595223.21306.56416.49BVPS(元)95211.2114.0017.8323.04加：折旧和掉销333952.840.000.000.0080552.539.228.621.0资产减值准备11.1419.440.000.000.00PBX312.89.17.861480.000.000.000.000.00P/FCF1337.630.000.000.00Ps19.712.19.37.053-2.620.00-8.77-9.13EV/EBITDA60.135.130.72223.132.094.866.608.12CAGR(%)-62.85-12057346.97-71.92146.10PEG180.9088825103.96575.23232.61-27578-0.198.68.99 REP568.4826220.000.000.00谨请参阅尾页重要声明及财通证券股票和行业评级标准2