【行业研究报告】万物云-实现更均衡的增长，高派息率，维持“买入”

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YearEndTurnoverNetProfitEPSEPSPERBPSPBRDPSYieldROE
年结收入股东净利每股净利每股净利变动市盈率每股净资产市净率每股股息股息率净资产收益率
12/31(RMBm)(RMBm)(RMB)(△%)(x)(RMB)(x)(RMB)(%)(%)
2022A
30,1061,5121.397(15.1)12.415.2101.10.2411.411.5
2023A
33,1831,9551.65918.810.814.9401.21.0926.111.5
2024F
37,3752,2791.93416.69.315.8071.11.1606.412.6
2025F
41,9442,6482.24716.28.016.8931.11.3487.513.7
2026F
2026F
46,4143,0922.62316.76.918.1691.01.5748.715.0
Sharesinissue(m)总股数(m)1,178.5Majorshareholder大股东ChinaVanke56.0%
Marketcap.(HK$m)市值(HK$m)23,169.3Freefloat(%)自由流通比率(%)10.9
3monthaveragevol.3个月平均成交股数(‘000)1,000.9FY24Netgearing(%)FY24净负债/股东资金(%)Netcash
52Weekshigh/low(HK$)52周高/低(HK$)39.600/16.700FY24Est.NAV(HK$)FY24每股估值（港元）42.0
Source:theCompany,GuotaiJunanInternational.