民生证券INSHENG SECURITIES华新水泥(600801)建筑建材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32464311333555438967成长能力(%)营业成本21392228472552027511营业收入增长率10.59-4.1014.209.60营业税金及附九加605604688748EBT增长率-4.27-45.4729.5918.77销售费用1331174320022159净利润增长率-4.74-50.0431.1520.29管理费用1635177519912198盈利能力(%)研发费用71125142156毛利率34.1026.6128.2229.40EBIT7618415453836393净利润率16.528.619.8810.85财务费用170313386377总资产收益率ROA10.214.525.776.50资产减值损失-35-103-108净资产收益率ROE20.079.6111.5812.74投资收益283639偿债能力7444377449475967流动比率1271.081.30146营业外收支-71-40-45-50速动比率0.930.790.951.12利润总额7373373449025917现金比率0.700.580.700.86所得税156882110791302资产负债率(%)44.1048.1044.9243.50净利润5805291238244615经营效率归属于母公司净利润5364267935144227应收账款周转天数10.768.478.478.47EBITDA9832655681289461存货周转天数60.4349.0449.0449.04总资产周转率0.670.560.590.62资产负债表（百万元）2021A2022E2023E2024E每股指标（元）88367983875411697每股收益2.561.281.682.02应收账款及票据11027579061002每股净资产12.7513.2914.4715.83339387432465每股经营现金流3.622.943.644.113542301733703633每股股利1.000.500.650.79其他流动资产2307269128963054估值分析流动资产合计16127148351635719851PE613108长期股权投资524552587626PB1.31.21.11.0固定资产21326220232258923135EV/EBITDA3.646.284.673.70无形资产7378915790939072股息收益率(%)6.143.074.024.84非流动资产合计36423444174450845223资产合计52550592526086565074短期借款643543543543现金流量表（百万元）2021A2022E2023E2024E应付账款及票据7783738082438886净利润5805291238244615其他流动负债4287582938024126折旧和摊销2215240227453067流动负债合计12714137521258813555营运资金变动-813210440317长期借款5082681168116811经营活动现金流7595616476278617其他长期负债5376794079407940资本开支-6186-8186-3438-3786非流动负债合计10458147511475114751投资-628-6976000负债合计23172285022733828305投资活动现金流-6794-9908-2838-3786股本2097209720972097153000少数股东权益264828813191357820184819-24560股东权益合计29378307503352736769筹资活动现金流-6322731-4018-1889负债和股东权益合计52550592526086565074现金净流量1307712943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