华鑫证券公司盈利预测（百万元）资产负债表2022A2023E2024E2025E2022A2023E2024E2025E8.70811,12613.53616,098现金及现金等价物1.1781,6121,9152.148营业成本7.48611,21613.227应收款382427445485营业税金及附加283543513.4293.5843.7024.002销售费用6047579071.062其他流动资产2.9523.0043.3843.703管理费用155189223258流动资产合计7.9428.6269.44610.338财务费用22138非流动资产：研发费用0000金融类资产000费用合计7819591.1381.323固定资产248231216201资产减值损失-11-11-10-8在建工程000公允价值变动000无形资产9884000004218191,492其他非流动资产242242242242加：营业外收入43非流动资产合计499482466451减：营业外支出2321资产总计8.4419.1089.91210.7894238201,1361.494流动负债：所得税费用5096132172短期借款1.3651.4651.5351.5853747241.0041,322应付账款、票据2.1652.3042,4682.546少数股东损益7141925其他流动负债5005005005003667109851,297流动负债合计4.6854.9715.2455.426非流动负债：2022A2023E2024E2025E长期借款0000成长性其他非流动负债38383838营业收入增长率16.7%27.8%21.7%18.9%非流动负债合计38383838归净利润增长率-45.8%93.9%38.6%31.7%负债合计4.7225.0095.2835.464所有者权益毛利率14.0%16.3%17.1%17.8%股本417417417417四项费用/营收9.0%8.6%8.4%8.2%股东权益3.7184.1004.6295.3254.3%6.5%7.4%8.2%负债和所有者权益8.4419.1089.91210.789ROE9.9%17.3%21.3%24.4%现金流量表2022A2023E2024E2025E资产负债率55.9%55.0%53.3%50.6%37472410041322营运能力7141925总资产周转率1.01.21.41.5折旧摊销10171615应收账款周转车22.826.130.433.2公允价值变动0000存货周转率2.22.63.03.3营运资金变动-721-65-312-528经营活动现金净流量-330690728835EPS0.881.702.363.11投资活动现金净流量-172171514P/E30.715.811.48.7筹资活动现金净流量936-243-405-576P/S1.31.00.80.7现金流量净额434464338273P/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