公司简评报告·证券研究报告CAPITAL SECURITIES财务报表和主要财务比率20222023E2024E225E20222023E2024E2025E56465404632512172485387811605424229529净利润58282310581375应收账款1750215426433180折旧掉销5358其它应收款16202487117104预付账款139172210251-601823224527413278-32697其他30638146856其它25797249739775417682-1577-142-152-14219191919资本支出1634150150150国定资产5134528354335582长期投资89000无形资产477430387其他-32828其他333333331457-1287-581-339128951280113866-500-200-3003843311733943880747-47400103535335305其他-276-212应付账款12681568191422901097-195300其他3520222023E2024E2025E1569156915691569成长能力1143114311431143营业收入26.8%24.5%22.7%20.3%其他275275275275营业利润65.1%40.3%30.0%负债合计541146854962544978.4%413%28.6%30.0%少数股东权益134139146归属母公司股东权益735079768758992121.1%21.6%22.0%22.4%12895128011386615258.5%9.7%10.1%20222023E2024E2025EROE7.y%10.3%121%68381044312566ROIC6.5%9.6%11.2%12.8%营业成本5397667381489746营业税金及附加3341506042.0%36.6%35.8%35.1%营业费用6910612820.6%13.1%10.7%9.3%研发费用2983794755851.471.731.862.02管理费用3043864745330.991.011.1811710498营运能力资产减值损失70-100.530.660.750.8100004.474344334.29603.213.333.463.43营业利润62387311251463每股指标元)营业外收入360.680.971241.62营业外支出71.430290.630.28731124每股净资产9.3810.3011.67335978净利润58682810641384PE53.137.629222.55P/B4.203.87353归属母公司净利润58282310581375EBITDA69410441287EPS(元)0.680.97124