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【公司研究】天风证券-新锐券商增资到位各项业务持续发力-20200527[26页].pdf

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【公司研究】天风证券-新锐券商增资到位各项业务持续发力-20200527[26页].pdf

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17、3.87 (%) 132.47% 32.00% 26.00% 16.00% 284.79 321.81 360.43 378.45 (%) 22.19% 13.00% 12.00% 5.00% 77.74 84.73 92.36 96.05 (%) 49.08% 9.00% 9.00% 4.00% -203.89 -70.00 -90.00 -165.00 (%) -262.42% -65.67% 28.57% 83.33% -341.24 -70.00 -95.00 -162.00 (%) 382.57% -79% 36% 62% 4.2. 2020 .43 71.05

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19、0 0 -538 0 0 0 15,430 15,916 15,899 16,357 883 0 0 0 48,199 59,624 65,501 72,423 -577 -1,721 -1,961 -1,987 -2,949 2,552 2,225 2,585 645 670 695 725 8 -59 -58 -61 113 106 99 92 -2,176 1,512 1,167 1,562 584 807 876 972 -567 -975 -577 -894 67 68 69 70 5,219 8,009 2,660 2,918 11,721 12,082 12,285 12,527

20、 -1,394 -899 -396 -772 59,920 71,706 77,785 84,951 0 0 0 0 2019A 2020E 2021E 2022E 34 96 146 118 57 56 88 100 0.05 0.08 0.11 0.13 0 0 0 0 1.82 2.71 2.82 2.95 22,940 26,032 28,546 31,806 -0.33 0.23 0.18 0.23 0 0 0 0 19,473 22,133 24,792 27,727 17.4% 46.7% 25.9% 14.2% 19,473 22,133 24,792 27,727 1.6%

21、82.4% 34.7% 12.9% 42,413 48,165 53,338 59,533 12,123 18,034 18,790 19,644 10.4% 48.0% 49.3% 47.5% 5,384 5,507 5,657 5,773 8.0% 10.0% 10.6% 10.5% 59,920 71,706 77,785 84,951 70.97 51.87 56.88 59.91 2019A 2020E 2021E 2022E 0.00 0.00 0.00 0.00 3,846 5,643 7,105 8,110 3,448 2,936 3,605 4,259 70.8% 67.2% 68.6% 70.1% 30 46 55 63 2.10 2.29 2.29 2.28 0 0 0 0 2.10 2.29 2.29 2.27 0 0 0 0 2,406 3,612 4,369 4,704 0.0% 0.0% 0.0% 0.0% 0 0 0 0 62.5% 64.0% 61.5% 58.0% 323 0 0 0 0.0% 0.0% 0.0% 0.0% 1,221 1,721 1,961 1,987 398 778 1,044 1,080 0.0% 0.0% 0.0% 0.0% 64 58 5

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【公司研究】天风证券-新锐券商增资到位各项业务持续发力-20200527[26页].pdf

【公司研究】天风证券-新锐券商增资到位各项业务持续发力-20200527[26页].pdf