首页行业分类金融证券证券2023-04-14-财通证券-深信服-降本增效成果显著，Q4盈利大幅改善
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

2023-04-14-财通证券-深信服-降本增效成果显著，Q4盈利大幅改善

2023-04-18F********63页764.13K

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
2023-04-14-财通证券-深信服-降本增效成果显著，Q4盈利大幅改善
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”。
CAITONG SECURITIES公司点评/证券研究报告公司财务报表及指标预测2021A2022A2023E2024E2025E2021A202242023E2024E2025E6804.907412.889441.8611701.961452560减：营业成本2348382681.893505.554432.495599.2824.7%27.4%23.9%24.1%营业税费65.9171.19103.86118.15148.65营业利润增长平67.2%-18.1%2502%382%31.2%销售费用2316562410.992738.143237.853917.8066.3%-28.8%295.8%380%31.0%管理费用391.5238988424.88502.42607.93EBITDA增长单65.3%19.5%57.6%46.5%研发费用2087.902247.782643.723126.203610.76EBT增长率-102.7%373.3%9%22%576%46.5%-201.46194.55-254.93280.85NOPLAT增长平-102.7%-328.1%1,172.9y%46.5%资产减值损失-1526-6.480.000.000.0010.3%14.89%89%112%13.2%16.000.000.000.0012.2%5.7%100%12.5%14.5%65.9427.1955.7070.2172.63249.15203.97714.38987.581295.6065.5%63.8%629%62.1%61.5%加：营业外净收支72614.718.009.0010.00营业利润单3.7%2.8%7.6%84%256.41218.68722.381305604.0%2.6%9.1%9.6%减：所得税24.5146.23-83.563.4%4.6%43%5.49%6.4%27286194.17768.611060.371389.160.2%43%54%6.4%2021A2022A2023E2024E2025E579.011405.73348.811409.17279833国定资产周转天数交易性金融资产1474.721495.771495.771495.771495.778312810354839809.020.000.000.00流幼资产周转天数28229615.7012240.000.000.00应收怅款周转天数28313323.040.000.000.00414035031273.550.000.000.00总资产周转天数545422323290其他流幼资产317.70247.12247.12247.12247.12投资资本周转天数405427365327299ROE3.7%2.5%9.1%11.1%12.7%长期股权投资365.12393.66393.66393.66393.66ROA2.5%7.7%9.6%11.2%投资性房地产0.000.000.000.000.2%0.4%4.6%6.4%8.3%国定资产347.84376.56376.56376.56376.56137.47324.73324.73324.73324.7334.0%32.5%29.0%27.7%27.0%无形资产282.83274.60274.60274.60274.605.8%53%45%43%4.2%其他非流动资产3522.093883.733883.733883.733883.733.0%-2.7%-2.4%-2.0%109503312183.149958.0311018.40124075536.8%352%30.8%29.6%29.2%2731790.83790.83790.83790.83404.45538.470.000.000.0033.3%36.6%14.8%133%11.8%3.14202.840.000.000.0049.9y%57.8%173%154%13.4%8947714971.4971.4971.491671.544.146.820.000.000.000.000.000.880.972.023.184.69332.86430.84430.84430.84430.84利息保障倍数-1212.183645534462851469.321469.321469320.000.000.000.000.00DPS元)0.070.000.000.000.00415.71415.62415.62415.62415.622765202931383699.994760.366149510.0%0.0%0.0%0.0%0.0%7304817720288488.719549.0710938232021A2022A2023E2024E2025E2021A2022A2023E2024E2025EEPS(元)0.471.843.33272.86194.17768.611060.371389.16BVPS(元)17.5718.5820.3622.912624246.91299.560.000.00285.1239.576.055.142.1资产减值准备31.7739.350.000.0010.96.16.1534.73-16.000.000.000.00 P/FCF-18524-191.050.000.000.00P/S6.36.2504.0-65.45-25.73-55.70-70.21-72.63EV/EBITDA339.3137.2146.491260.70.000.000.000.000.00CAGR(%)70431423.45-1825.350.000.00PEG0.3151474556-1120.81980.53-741.06-4235164.0779.8383.39 REP-262.66494.620.000.00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