附：财务预测摘要2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E727085789947105321294013943139921539516761171376201913204828264792营业成本106371042211666125811274930153137363137383797营业税金及附加8687其他应收款37384541233253262268257预付寒款1649225524543673739788788存货25272341310827683186研发费用782820893955960其他流动资产10571099109910991099107-86952212149122571212011364-146-1627775694433238142240240240固定资产778991389349929687400无形资产40755758662266710221213其他非流动资产1321244923202198195516792207272220422651243041617172319112263256159486708722664476697营业外收入483500866180190营业外支出112020应付票据及应付寒款3254293139933474409316091720190022522549其他流动负债23433777236827932414所得税1288020924828023251765154712839281481164016912004226913681175957692338少数股东损益0000其他非流动负债9575915915915911481164016902004226982728474877477297626EBITDA2549280228153244353433444EPS(元)2.893203303.914.42股本489513513513513367561896189618961892021A2022A2023E2024E2025E43955547670980879646851712249134271491816674营业收入%)20.20.410.08.92.21679220727222042265124304향业利润(%)-0.56.610.918.413.23.510.73.118.513.223.725.524.224.925.610.611.711.012.013.22021A2022A2023E2024E2025EROE(%)17.413.412.613.413.623423180225030843037ROIC(%)13.310.910.712.1净利润1481164016912004226984710629131007107149.340.93934.131.4107-14净负债比率%)30.89-21.8-10-22-12-13流动比率11.995-345-202速动比率0.60.80.81.11.3其他经营现金流2614112-2481-3614-1011-856-3000.90.7070.7资本支出26583378109-756534.544.54.50110应付寒款周转率3.83.43.43.43.4其他授资现金流175-237-902-993-10552611697-1801-7547712.893203.914.42118-35017010104.576.204.396.015.92308-193-218-26516.6123.8826.1829.093251024000152514000P/E28.125.424.620.818.3其他筹资现金流-181-297-1753499427P/B4.93.43.12.82.51151292-56114741966EV/EBITDA17.315.114.812.310.7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