华鑫证券公司盈利预测（百万元）资产负债表2022A2023E2024E2025E利润表2022A2023E2024E2025E2,8943.5094.1634.866现金及现金等价物2035739851.485营业成本1,8892.2232.6023.001应收款180192205213营业税金及附加28343743453433434417销售费用457537633735其他流动资产216236258266管理费用131151175199流动资产合计1.0531.4351.8822.381财务费用912-10非流动资产：研发费用88100112金融类资产6368172费用合计6717879101.036固定资产941964934886资产减值损失100在建工程14357239公允价值变动000无形资产2001901801710000000341507648817其他非流动资产117117117117加：营业外收入非流动资产合计1.4021.3291,2551,183减：营业外支出9210资产总计2.4552.7643.1373.5643335089818流动负债：所得税费用31415265短期借款472522562592302467597753应付账款、票据277278289292少数股东损益0011其他流动负债287287287287301466596752流动负债合计1,1421.2031.2641,304非流动负债：2022A2023E2024E2025E长期借款137152165175其他非流动负债2727成长性27营业收入增长率26.8%21.3%18.6%16.9%非流动负债合计164179192202归净利润增长率100.0%54.7%27.9%26.2%负债合计1.3071.3821.4561.507所有者权益毛利率34.7%36.7%37.5%38.3%股本129129129129四项费用/营收23.2%22.4%21.9%21.3%股东权益1.1481.3821.6812.05810.4%13.3%14.3%15.5%负债和所有者权益2.4552.7643.1373.564ROE26.3%33.8%35.5%36.6%现金流量表2022A2023E2024E2025E资产负债率53.2%50.0%46.4%42.3%302467597753营运能力001总资产周转率1.21.31.31.4折旧摊销137737471应收账款周转车16.118.320.322.8公允价值变动000存货周转率4.25.26.17.3营运资金变动-144-12经营活动现金净流量426544660837EPS2.343.624.645.85投资活动现金净流量-251586161P/E54.435.227.521.8筹资活动现金净流量196-168-245-336P/S5.74.73.93.4现金流量净额370434476562P/B14.512.09.88.0请阅读最后一页重要免责声明诚信、专业、稳健、高效