华鑫证券2022A2023E2024E2025E利润表2022A2023E2024E2025E1,4871,8122,1282,412现金及现金等价物298395486576营业成本1.1101.3321.5491.733应收款200209233244营业税金及附加910存货788485销售费用227275321362其他流动资产12131414管理费用70106流动资产合计588700819925财务费用80--3非流动资产：研发费用9金融类资产0000费用合计313372431482固定资产812919922887资产减值损失-10-4-4在建工程2691084317公允价值变动200无形资产504745投资收益52长期股权投资000048103142192其他非流动资产31313131加：营业外收入223非流动资产合计1.1611.1051,041977减：营业外支出22资产总计1.7501,8051.8601.90348101142194所得税费用1023040短期借款19122124125138112153应付账款、票据113117128134少数股东损益0-1-1-2其他流功负债2612612612613881114155流动负债合计570606638654非流动负债：2022A2023E2024E2025E长期借款50596671其他非流动负债92929292营业收入增长率11.2%21.8%17.4%13.3%非流动负债合计143152159164-31.1%109.9%41.2%36.5%负债合计713757796818毛利率25.4%26.5%27.2%28.2%股本125125125125四项费用/营收21.1%20.5%20.3%20.0%1.0371.0481.0631.0852.5%4.4%5.3%6.4%负债和所有者权益1.7501.8051.8601.903ROE3.7%7.7%10.7%14.3%偿债能力现金流量表2022A2023E2024E2025E资产负债率40.7%42.0%42.8%43.0%净利润3880112153营运能力少数股东权益0-1-1-2总资产周转率0.91.01.11.3766464应收账款周转率7.48.79.19.9公允价值变动200存货周转率14.315.918.319.2营运资金变动78-10-15-11经营活动现金净流量193125159204EPS0.310.650.911.24投资活功现金净流量-2836161P/E77.637.026.219.2筹资活动现金净流量186-29-70-117P/S2.01.61.41.2现金流量净额97150151149P/B2.92.82.82.7请阅读最后一页重要免责声明诚信、专业、稳健、高效