附：财务预测摘要2020A2021A2022E2023E2024E2020A2021A2022E2023E2024E3069336737744660556124793262402953617253847937212420082456营业成本16672255277937475120109980400营业税金及附加14162430其他应收款17182633179195218268334预付寒款0476638181214282322392存货8831360140423232769研发费用352456644750928其他流动资产2222012092312521810-56-584911381143128314472140-28-162290-1555固定资产243328335434571140无形资产259271315368425-16-8其他非流动资产332529493489466-0-00391845054917594370081314482377268428573530407711666营业外支出121应付票据及应付寒款867113013171987252352131295448其他流动负债13431547153415381548所得税-2129692383023023073097414623934751700058少数股东损益0000其他非流动负债23830230230230214623934751726162986315938384386EBITDA10118323431648000000EPS(元)0.611222.89431股本9090108411211121112111212020A2021A2022E2023E2024E161308546893141013361519175821052622营业收入%)34.331.623.533.035.3负债和股东杖益39184505491759437008향业利润(%)157.0152.460.340.651.7223.598.463.345.548.832.830.931.030.129.43.04.55.96.57.1现金流量表（百万元）2020A2021A2022E2023E2024EROE(%)559.613.616.519.7经营活动现金流3111154696ROIC(%)8.616.0-82.7121.4143.3净利润1462393475176480598766.866.364.264.662.6180-12净负债比率%)39.7-46.2-108.6-84.8-85.1-60-184流动比率1.31.4-168-19989-313117速动比率0.90.70.80.60.7其他经营现金流4386-17-25授资活动现金流-2136-194-2550.80.8101.1671722202593.84.70.0-14410998应付寒款周转率2.42.52.42.52.4其他授资现金流61184筹资活动现金流549-753690.611221.992.89431-162000392.599.620.495.80-52005211.1312.6614.6517.5421.8500052200P/E253.6127.878.353.836.213193613P/B14.012.310.68.97.13681611187-116448EV/EBITDA131.572.351.538.524.4数据来源：聚源、开源证券研究所请务必参阅正文后面的信息被露和法律声明