民生证券INSHENG SECURITIES海光信息(688041)/计算机公司财务报表数据预测汇总2022A2023E2024E2025E主要财务指标2022A2023E2024E2025E营业总收入5,1257,35710,19713,460成长能力(%)营业成本24393,5184,8186,310营业收入增长率1218343.5538.6032.00营业税金及附加5982108EBT增长率145.1947.7749.6434.59销售费用81110143188净利润增长率145.6551.6146.4233.47管理费用135184245310盈利能力(%)研发费用1,4141,9132,5493,365毛利率524252.1852.7553.12EBIT1,1071,63624483,295净利润率15.6816.5617.4917.69财务费用-89-104-106-121总资产收益率ROA3.665.156.777.96资产减值损失-31-36-50-65净资产收益率ROE4.716.709.0010.82投资收益223140偿债能力1,1361,7262,5353,391流动此率10.9111.3210.5710.06营业外收支1速动比率9.109.188.527.90利润总额1,1371,7272,5363,392现金比率8.187.927.106.39所得税1238资产负债率(%)16.8916.0515.7315.30净利润1,1251,70624983,334经营效率归属于母公司净利润8041,7842,381应收账款周转天数69.1365.0065.0065.00EBITDA1,8062,3523,272存货周转天数163.92150.00150.00150.00总资产周转率0.320.320.410.48资产负债表（百万元）2022A2023E2024E2025E每股指标（元）11,20811.4351267514,154每股收益0.350.520.771.02应收账款及票据1,2431.8042,5003,300每股净资产7347.828.539.469371,2311.6862,209每股经营现金流-0.020.740.851.191,0951,4101,9312,528每股股利0.040.040.040.04其他流动资产4654747483估值分析流动资产合计14.94916,35418.86622,273PE28118612795长期股权投资0000PB13.312.411410.3固定资产272363443512EV/EBITDA119.6691.6165.4850.28无形资产4,24644274,5314,622股息收益率(%)0.040.040.040.04非流动资产合计6,9867,2837,4777.632资产合计21,93423,63726,34329.906短期借款200200200200现金流量表（百万元）2022A2023E2024E2025E应付账款及票据342434528692净利润1,1251,70624983,334其他流动负债8288111.0571,323折旧和摊销699716824937流动负债合计1,3701,4441,7852,214营运资金变动-1929-764-1.403-1.584长期借款480480480480经营活动现金流.431,7121,9822,761其他长期负债18691,8781,883资本开支-1381-978-986非流动负债合计2,3342,3492,3582,363投资0000负债合计3,7043,7944,1434,577投资活动现金流-1,530-956.547-1.020股本2,324232423242,32410,583000少数股东权益1,1771.66523793,333307-38700股东权益合计18,23019,84322,20125,329筹资活动现金流10,826-194-263负债和股东权益合计21,93423,63726,34329,906现金净流量9,2522271,2411,478资料来源：公司公告、民生证券研究亮预测本公司具备证券投资咨询业务资格，请务必阅读最后一页免责声明证券研究报告