2023年年报点评：公募化转型稳步推进，综合实力有望进一步提升

◆ ◆ 300 30% 20% 10% ◆ 0% -10% -20% -30% 23-03 23-06 23-08 23-11 24-01 24-03 ◆ 1 2 www.avicsec.com 010-59219558 010-59562637 ◆ ◆ 2022A 2023A 2024E 2025E 2026E 26.23 29.55 32.34 37.17 43.16 % -11.59 12.68 9.43 14.93 16.12 7.67 6.71 7.27 8.31 9.74 % -13.66 -12.51 8.32 14.24 17.26 0.27 0.24 0.26 0.29 0.34 PB 1.86 1.76 1.70 1.65 1.59 ROE % 4.62 3.89 3.95 4.37 4.95 1 2 8% 1,000 871.29 7.27% 6.64% 6.41% 800 743.82 6% 659.39 600 4.62% 462.20 4% 3.89% 400 284.19 212.84 2% 200 0.66% 0% 0 2018 2019 2020 2021 2022 2023 ...