华鑫证券资产负债表2022A2023E2024E2025E2022A2023E2024E2025E营业收入2,5933.4914.441现金及现金等价物2.5322.9013.4254.142营业成本9391.2271.5351.883应收款161172182197营业税金及附加162209262316535590640663销售费用6267689681,196其他流动资产53105124138管理费用173202253305流动资产合计3.2823.7684.3725.141财务费用-18-51非流动责产：研发费用86116147184金融类资产0000费用合计8851.0681.3371.634固定资产2,1722.2242.042资产减值损失000在建工程3281315221公允价值变动000无形资产4043843643450000长期股权投资00006511,0291.3471,744其他非流动资产272272272272加：营业外收入2非流动资产合计3.1773.0122.8432.680减：营业外支出1资产总计6.4586.7807.2157.8216511,0301,3481,745流动负债：所得税费用130204266342短期借款4444644794895218261.0821,403应付账款、票据487511541542少数股东损益0-1-1-1其他流动负债5355355355355218271.0841,404流动负债合计1.6851.7501.7991.839非流动负债：主要财务指标2022A2023E2024E2025E长期借款9849941.0021.007晟长性其他非流动负债22222222营业收入增长车-0.0%34.6%27.2%24.7%非流动负债合计1.0071.0171.0251,030-21.7%58.6%31.1%29.6%负债合计2.6922.7662.823所有者权蓝毛利率63.8%64.9%65.4%66.0%股本1.0501.0501.0501.050四项费用/营收34.1%30.6%30.1%29.5%股东权益3.7664.0134.3924.952净利率20.1%23.7%24.4%25.3%负债和所有者权益6.4586.7807.2157.821ROE13.8%20.6%24.7%28.4%现金流量表2022A2023E2024E2025E资产负债率41.7%40.8%39.1%36.7%52182610821403少数股东权益0-1-1-1总资产周转率0.40.50.60.7155165167162应收账款周转率16.120.324.328.1公允价值变动0000存货周转率1.82.42.83.3营运资金变动228-73-45-21经营活功现金净流量90391712031542EPS0.500.791.031.34投资活动现金净流量-635145148144P/E76.248.136.728.3筹资活动现金净流量100-549-681-828P/S15.311.48.97.2现金流量净额369513670858P/B10.69.99.08.0请阅读最后一页重要免责声诚信、专业、稳健、高效