民生证券INSHENG SECURITIES金证股份(600446/计算机公司财务报表数据预测汇总2022A2023E2024E2025E主要财务指标2022A2023E2024E2025E营业总收入6478747085609688成长能力(%)营业成本5035567263457015营业收入增长率-2.5215.3114.6013.18营业税金及附加263038EBT增长率4.3540.9824.7024.84销售费用203232282324净利润增长率7.9623.8124.9925.16管理费用363426531630盈利能力(%)研发费用6368039741172毛利率22.2724.0725.8827.59EBIT264372464579净利润率4.164.464.875.38财务费用21283440总资产收益率ROA4.044.635.225.81资产减值损失-15-15-15-15净资产收益率ROE7.238.279.4410.66投资收益8374348偿债能力246366458573流动比率1811.841.84185营业外收支46000速动比率1.121.251.34139利润总额292366458573现金比率0.650.800.890.96所得税28334152资产负债率(%)41.6941.7242.6843.59净利润264333417521经营效率归属于母公司净利润269333417521应收账款周转天数53.2250.0050.0050.00EBITDA332444547645存货周转天数88.6270.0060.0055.00总资产周转率0.981.081.131.14资产负债表（百万元）2022A2023E2024E2025E每股指标（元）1795237430133716每股收益0.290.350.440.55应收账款及票据953102311731327每股净资产3.964.284.695.201008595105每股经营现金流0.240.460.580.651223107310281042每股股利0.030.040.040.06其他流动资产892903906938估值分析流动资产合计4963545862167129PE58473830长期股权投资591628671719PB4.23.93.63.2固定资产595552EV/EBITDA44.7832.8325.972143无形资产11101110股息收益率(%)0.170.210.270.33非流动资产合计1707174017711837资产合计6670719879878967短期借款893119314931793现金流量表（百万元）2022A2023E2024E2025E应付账款及票据728668747873净利润264333417521其他流动负债1127110711361195折旧和摊销68728366流动负债合计2748296833763861营运资金变动-171-21-21-54长期借款10101010经营活动现金流230436545613其他长期负债23252338资本开支-18-48-53-63非流动负债合计33353348投资-275000负债合计2781300334093909投资活动现金流-27353-63股本9419419419415000少数股东权益165165165165204300284300股东权益合计3889419645795058筹资活动现金流191148153负债和股东权益合计6670719879878967现金净流量-110579639703资料来源：公司公告、民生证券研究亮预测本公司具备证券投资咨询业务资格，请务必阅读最后一页免责声明证券研究报告