浙商证券金山办公688111)公司点评表附录：三大报表预测值资产负债表利润表(百万元)20222023E2024E2025E(百万元)20222023E2024E2025E97751171114035171263885520969598935现金701593561140814098营业成本58370289611111192119211921192营业税金及附加35526986应收账项5007198581087818107713841731其它应收款27637086管理货用392503634803预付账款283246531331175522982868存货133财务货用(13)(118)(151)(187)其他1012346459606252242282163620172095公允价值变动损益(30)(30)(30)(30)0000投资净收益339339339339长期投资444201256300其他经营收益173162178171821131501841197170723102980无形资产102112114104营业外收支222在建工程1211291461741198170923112982其他1533108113511333所得税6781116156120581334716052192221131162221952826275025703021335313192633短期借款00001118160321692793应付款项306357456571EBITDA1176161921952834000EPS(最新摊薄)2.423.474.706.05其他2444221325652781509357414427主要财务比率长期借款000020222023E2024E2025E509357414427成长能力3259292634363779营业收入18.44%34.07%33.61%28.39%少数殿东权益7493119153营业利润4.53%42.68%35.28%29.05%8724103281249715290归属母公司净利润7.33%43.45%35.32%28.73%12058133471605219222毛利率85.00%86.52%87.12%87.57%现金流量表净利率29.11%31.15%31.55%31.63%(百万元)20222023E2024E2025EROE13.48%16.68%18.83%19.91%1603174816952297ROIC11.18%14.19%15.93%16.88%净利润11311622219528268329353927.03%21.92%21.40%19.66%财务货用(13)118)(151)净负债比率2.02%1.20%1.37%1.31%投资损失(339)(339)(339)(339)流动比率3.554.564.655.11营运资金变动(632)227135(129)速动比率3.554.564.645.11其它1373327(180)874502505193203总资产周转率0.350.410.470.51(115)(45)(62)74)应收账款周转率8.558.398.368.43长期投资(321)243(55)(44)应付账款周转率2.252.122.202.16其他4937307311322(354)881631892.423.474.706.05短期借款0003.473.793.674.98长期借款0018.9222.3827.0833.13其他(354)881631895750234120522690P/E194.51135.59100.2077.84P/B24.9021.0517.3914.22EV/EBITDA9721128.0093.5471.51http://www.stocke.com.cn请务必阅读正文之后的免责条款部分