民生证券MINSHENG SECURITIES光迅科技(002281)/通信公司财务报表数据预测汇总2021A2022E2023E2024E主要财务指标2021A2022E2023E2024E营业总收入6486673578608863成长能力(%)营业成本4917519260726858营业收入增长率7.283.8416.7012.76营业税金及附加28303437EBT增长率21.54-4.7921.5812.54销售费用152154165177净利润增长率16.392.2521.5513.94管理费用134135149168盈利能力(%)研发费用661667762860毛利率24.2022.9122.7522.62EBIT585557677762净利润率8.618.979.06财务费用-44-104-103-112总资产收益率ROA5.995.766.336.56资产减值损失-138-140-140-140净资产收益率ROE10.249.6710.7611.18投资收益000偿债能力620635772880流动比率2332.412.312.32营业外收支0000速动比率1.621.741.631.64利润总额620635772880现金比率0.911.040.930.93所得税545567资产负债率(%)41.6640.5041.314143净利润566580705803经营效率归属于母公司净利润567580705803应收账款周转天数90.0090.0090.0090.00EBITDA8727939421036存货周转天数163.37160.00160.00160.00总资产周转率0.680.670.710.72资产负债表（百万元）2021A2022E2023E2024E每股指标（元）2853338535133955每股收益0.810.831.011.15应收账款及票据2159223326062938每股净资产7.948.609.3910.2922232731每股经营现金流0.961.341.051242201213625222866每股股利0.170.170.170.17其他流动资产46475052估值分析流动资产合计7281782487179843PE27272219长期股权投资52525252PB2.82.6242.2固定资产1202126414411435EV/EBITDA15.2916.1413.441180无形资产26620915295股息收益率(%)0.770.770.770.77非流动资产合计2197224224272403资产合计9478100651114412246短期借款0000现金流量表（百万元）2021A2022E2023E2024E应付账款及票据2232231927123063净利润566580705803其他流动负债89193210651184折旧和摊销286236265273流动负债合计3123325137774247营运资金变动-350-23-379-353长期借款540540540540经营活动现金流673933731863其他长期负债286286286286资本开支-346-280-450-250非流动负债合计826826826826投资0000负债合计3949407746035073投资活动现金流-686-250股本699698698698281500少数股东权益-12-12-12-12504000股东权益合计5529598965417173筹资活动现金流399负债和股东权益合计9478100651114412246现金净流量376532128442资料来源：公司公告、民生证券研究亮预测本公司具备证券投资咨询业务资格，请务必阅读最后一页免责声明证券研究报告