华鑫证券公司盈利预测（百万元）资产负债表2022A2023E2024E2025E2022A2023E2024E2025E6.2967,5158.94410.603现金及现金等价物1.1479757211.016营业成本5.4186.4347.6238.993应收款389464553655营业税金及附加172024282.0332.4223.7713.955销售费用95其他流动资产1.3581.6171.0911,290管理费用193225268318流动资产合计4.9275.4796.1366.916财务费用2347非流动资产：研发费用129143170201金融类资产18181818费用合计404484574662固定资产1.3511.3701.3231,252资产减值损失-1-10在建工程183732912公允价值变动-5-6-1-7无形资产3092932782633838383842424242487605757946其他非流动资产113113113113加：营业外收入181818非流动资产合计1.9971,8911,7851.682减：营业外支出3333资产总计6.9247.3707.9218.598502619772961流动负债：所得税费用667493115短期借款2.0432.0432.0432.043436545679846应付账款、票据56677993少数股东损益2334其他流动负债292292292292434542676842流动负债合计2.7572.8392.9343.045非流动负债：2022A2023E2024E2025E长期借款770770770770成长性其他非流动负债182182182182营业收入增长率29.2%19.4%19.0%18.5%非流动负债合计952952952952归净利润增长率23.5%25.0%24.6%24.5%负债合计3.7103.7913.8863.997毛利率13.9%14.4%14.8%15.2%股本533533533533四项费用/营收6.4%6.4%6.4%6.2%股东权益3.2143.5794.0344.6016.9%7.3%7.6%8.0%负债和所有者权益6.9247.3707.9218.598ROE13.5%15.2%16.8%18.3%现金流量表2022A2023E2024E2025E资产负债率53.6%51.4%49.1%46.5%436545679846营运能力233总资产周转率0.91.01.11.2折旧摊销145106106102应收账款周转车16.216.216.216.2公允价值变动5-6-1-7存货周转率2.72.72.02.3营运资金变动157-642-815-375经营活动现金净流量7355-27570EPS0.811.021.271.58投资活动现金净流量-6969088P/E22.618.114.511.7筹资活动现金净流量-210-180-224-279P/S1.61.31.10.9现金流量净额-172-85-160379P/B3.12.82.52.2请阅读最后一页重要免责声明诚信、专业、稳健、高效