附：财务预测摘要2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E73567616820194941122235103559434152786392727575388118940311124营业成本301370432527639413841营业税金及附加274772其他应收款3034337368434528639预付寒款0000146161200243294存货00000研发费用8281067118914041681其他流动资产1110109-173-184-179-197-228114514121583179620570000022331103030固定资产4067018419911168000无形资产3553473944505180022其他非流动资产3623453513670085019028978411289132792096184122512746333119551682171117971881营业外收入0200000营业外支出733应付票据及应付寒款7911020891842224927443329其他流动负债18761572162917041792所得税17815117422026569101979461911169120752524306400000少数股东损益0000其他非流动负债6910197961911169120752524306420251782180818911977EBITDA1921166920812565312400000EPS(元)3.563.153.864.705.70股本5385385385385383573573573573572021A2022A2023E2024E2025E56126336710779568956647772457976939811302营业收入%)23.41.422.021.621.1负债和股东杖益8501902897841128913279향业利润(%)15.5-12.122.322.021.310.9-11.522.721.721.491.489.690.190.090.054.547.547.847.847.92021A2022A2023E2024E2025EROE(%)29.523.326.026.927.121281750198424873013ROIC(%)-229.6-755.2-3395.12898.11051.8净利润1911169120752524306453668310323.819.718.516.814.9-173-184-179-197228净负债比率%)-111.3-102.7-100.600流动比率3.84.55.36.01661277速动比率3.84.54.85.36.0其他经营现金流1741781-236-290-235-294-3620.40.40.50.5资本支出236282237294364应收寒款周转率83.290.8000.0090应付寒款周转率4.93.97.80.00.0其他授资现金流00-646-969-1169-908-9303.563.153.864.705.7000003.963.694.635.600000012.0513.4814.8417.4821.02000000000P/E35.239.832.426.621.9其他筹资现金流-646-969-1169908-930P/B10.49.38.47.26.0123354458012851721EV/EBITDA31.335.828.522.618.0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