20230720_东方证券_计算机行业金融科技系列报告：第三方支付盈利有望边际改善行业监管持续推进_21页.pdf
|1 2022 2 2022 2022 2022 POS(300130)(000997)(300773)(09923)(002537)(603123)(002647)/2023 07 20 021-63325888*6085 S0860514090001 BRW773 021-63325888*6106 S0860514050004 3 2023-03-31 IT 2 2023-03-07 1 2023-02-14 4 2.5 1.1 2022 5 5 6 1.2.7 10.11.14.14.14.15.16.17.17.18.19 ZXEVvMmRtQnMrPsRtOoRrQ7N9R6MsQnNtRsRkPqQqPjMnPmMbRmNmRwMqNxPwMqQoM 3 1.5 2.5 3 POS.5 4.6 5.6 6.6 7.6 8.7 9.7 10.7 11.7 12.8 13.8 14%.8 15%.9 16%23Q1.9 17 2022.10 18 2022.10 19 2022.11 20 2022.11 21.12 22.14 23.14 24.15 25.15 26.16 27.16 28.16 29.16 30.17 31.17 32.18 33.18 34.18 4 35.18 5 1.1 2022 2022 4626.49 4805.77 5.27%8.84%1 2 2022 3556.07 2021 337.54 8.67%POS 2017 3000 POS 3 POS 6 2015 2022 2789.65 3110.13 1.45%4.50%4 5 2022 2022 1021.26 0.15%2527.95 7.39%1585.07 4.81%499.62 5.19%2.45 10.35 10.53%11.21%6 7 7 8 9 10 11 1.2 8 2022 12 Wind 13 Wind 14%9 Wind 15%Wind 2023 23Q1 16%23Q1 10 Wind 4 18 2022-13.16 2022 2022 2022 17 2022 18 2022 11 Wind Wind 19 2022 20 2022 Wind Wind 2023 7 7 37.62 32.87 0.74 5 30 11 5.6 24.26 17 26 12 5 2023 6 9 21 4 8 800 5 6 6 1000 66 13 POS POS NFC POS 14(300130)(000997)(300773)(09923)(002537)(603123)(002647)2023 10.13 0.27%1.33 45.48%2023 7 5 2023 7 22 23 Wind Wind 2022 300 80 AI 2022 AI PicSo IOS AI 15 2022 1,100 1000 19 200 4000 2021 AI 24 25 Wind Wind 16 2022 53.66 18.65%2022 14.37 232.75%1.21 113.18%2023 15.2 3.69%2.58 1.31%1.86 4.36%2022 4.52 11.7%10.1bps 1.2bps 3.42 8%45%1.44 SaaS 26 27 Wind Wind 2023 3 27 2022 2022 34.18 11.8%1.54 26.6%30.2%1 2022 27.54 21.4%GPV 5.1%22,316 10.7 12.3 2023 GPV 2.7 2.9 2 1 2022 3700 305.0%GMV 4 33 733.1%2 10 AI AI AI 30%70%28 29 17 Wind Wind 2016 7+30 31 Wind Wind A B 7 40.23 18 2011 B 32 33 Wind Wind 2022 2022 160,349.82 11,034.99 34 35 19 Wind Wind 20 Tabl e_Disclai mer 12 A 300 500 15%5%15%-5%+5%-5%5%-5%+5%-5%HeadertTabl e_Discl ai mer HeadertTabl e_Address 318 26 021-63325888 021-63326786 Tabl e_Disclai mer
