【行业研究报告】美亚柏科-电子取证业务稳健，大数据开启“乾坤”新世界

资产负债表利润表资产负债表利润表会计年度202020212022E2023E2024E会计年度202020212022E2023E2024E货币资金1228.81922.981169.051344.421513.67营业收入2386.102535.202639.563222.123950.64应收票据及账款968.521233.731284.521568.011922.54营业成本1011.641055.351133.241362.471663.23预付账款64.4361.8964.4478.6696.45税金及附加20.7218.1418.8923.0628.27其他应收款99.50100.91105.06128.25157.25销售费用273.62292.77304.87370.54442.47存货563.07606.02650.75782.38955.09管理费用315.19358.36373.23451.10553.09其他流动资产71.3670.7773.6889.94110.28研发费用364.98448.70467.20563.87691.36流动资产总计2995.682996.303347.503991.674755.28财务费用-10.15-7.562.43-0.85-2.73长期股权投资25.0158.8459.3159.7760.24资产减值损失-35.33-39.43-41.05-50.11-61.45固定资产442.14577.69487.48397.22306.90信用减值损失-35.87-58.01-60.40-73.73-90.40在建工程6.962.111.751.401.05其他经营损益0.000.000.000.000.00无形资产166.74179.16164.65147.06126.41投资收益4.590.481.641.641.64长期待摊费用15.0744.0922.040.000.00公允价值变动损益0.000.000.000.000.00其他非流动资产993.671037.151018.701000.25981.80资产处置收益0.000.000.000.000.00非流动资产合计1649.591899.031753.931605.711476.41其他收益81.1882.5478.4278.4278.42资产总计4645.274895.335101.445597.396231.69营业利润424.67355.00318.29408.14503.14短期借款1.0055.460.000.000.00营业外收入0.310.350.380.380.38应付票据及账款391.84430.20461.96555.40678.00营业外支出4.662.403.073.073.07其他流动负债815.82659.07697.02844.151032.59其他非经营损益0.000.000.000.000.00流动负债合计1208.651144.731158.981399.551710.59利润总额420.32352.96315.60405.44500.45长期借款20.59114.8386.7959.6534.21所得税19.6617.0815.2719.6224.22其他非流动负债67.9671.6571.6571.6571.65净利润400.66335.88300.33385.82476.23非流动负债合计88.55186.49158.44131.30105.86少数股东损益26.0425.1713.6717.5721.68负债合计1297.201331.221317.421530.861816.45归属母公司股东净利润374.62310.71286.65368.26454.55股本806.67807.09807.09807.09807.09EBITDA510.57488.90463.60553.28627.49资本公积738.82745.40745.40745.40745.40NOPLAT395.33330.73305.34387.71476.33留存收益1755.681926.562132.792397.742724.77EPS(元)0.470.390.360.460.57归属母公司权益3301.173479.063685.293950.244277.26少数股东权益46.8985.0698.73116.30137.98股东权益合计3348.073564.113784.024066.534415.24负债和股东权益合计4645.274895.335101.445597.396231.69现金流量表会计年度202020212022E2023E2024E税后经营利润400.66335.88226.71312.20402.61折旧与摊销100.40143.50145.57148.69129.77财务费用-10.15-7.562.43-0.85-2.73投资损失-4.59-0.48-1.64-1.64-1.64营运资金变动-278.65-501.19-35.43-228.22-283.32其他经营现金流89.9289.2477.3677.3677.36经营性现金净流量297.5959.40415.00307.55322.07资本支出186.62283.540.000.000.00长期投资-16.05173.750.000.000.00其他投资现金流10.002.61-2.58-2.58-2.58投资性现金净流量-192.67-107.18-2.58-2.58-2.58短期借款1.0054.45-55.460.000.00长期借款5.1394.24-28.05-27.14-25.44普通股增加2.670.430.000.000.00资本公积增加65.436.580.000.000.00其他筹资现金流-106.26-210.06-82.85-102.46-124.80筹资性现金净流量-32.02-54.35-166.35-129.60-150.24现金流量净额72.36-102.45246.07175.37169.25