附：财务预测摘要2021A202242023E2024E2025E2021A2022A2023E2024E2025E1482121413371350158618932139248628403237311348269359370营业成本11821404157617782016796993130营业税金及附加2425293338其他应收款510344347435506573预付寒款7111014125116144170188存货3792984623945777983757484其他流动资产69948548548548563非流动贵产17301754183518971967资产减值损失2-10122101037212101111固定资产941103011451259公允价值变动收益无形资产127121121123127其他非流动资产5396426145935792-11132122968317132473553164428734777662673671686229029299营业外支出5应付票据及应付寒款243238302307384143164288346其他流动负债4433594053814492534415061187116120122125118129200238286105069少数股东损益-90-3-6其他非流动负债82116116116116138200241292负债合计96374856838987EBITDA231240313375448少数股东杖益7831312822EPS(元)0.120.140.2002402910031003100310031003资本公积38382021A2022A2023E2024E2025E留存收益1304132813951466153621712195228523812545营业收入%)-6.013.014.214.032122968317132473553营业利润%)62.011.846.519.820.762.216.044.820.621.037.634.436.637.437.76.38.08.59.02021A2022A2023E2024E2025EROE(%)535.88.69.911.1323192202392320ROIC(%)5.05.48.29.410.6净利润118129200238286858595110资产负债率%)30.025.027025.827.8净负债比率%)-11.5-11.1授资损失3-102流动比率181.91.8118-41-77-79速动比率1.21.21.01.11.0其他经营现金流7633107119-156-1800.60.70.80.91.0资本支出14220611210522.029.029.029.029.01922453535应付寒款周转率5.15.85.85.85.8其他授资现金流40570-25-40-320-275-124-146-129每股收益（最新摊薄）0.120.140.2002402936-61000.320.190.200.390.32长期借款-11-10542.162.192.282.372.5400000-13000P/E108.793.764.753.644.3其他筹资现金流-108-128-149-131P/B6.05.95.75.111036-799012EV/EBITDA53.751.439.732.827.5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2/4