附：财务预测摘要2020A2021A2022E2023E2024E2020A2021A2022E2023E2024E3545495769518567108853042349251737487975714372076269036644945营业成本2238264839545699735410601115245327103485营业税金及附加222451其他应收款827302741683预付寒款231751628082127229存货3224257199271186研发费用175239367532693其他流动资产6951311103311881177-12-12-58-103112812951628212325769-13-00381595119149178固定资产840858121916522078000无形资产6269696767-1-36其他非流动资产2083954160-0046726252857910690134615655751177161914741773317738194830营业外收入12813097营业外支出20应付票据及应付寒款130813482739330356457681211771620其他流动负债158295441449所得税7149891181462549838567416084925277231060147420755631512380少数股东损益31237其他非流动负债2342282292274615057191054146717282756403345615437EBITDA6266909041285174404916EPS(元)1.131241.762.58359股本409410415417667808878105411242020A2021A2022E2023E2024E1623207927273677499926943496454361218008营业收入%)-3.614.848.144.730.34672625285791069013461향业利润(%)6.71.841.245.037.614.99.342.546.739.126.424.223.623.924.615.214.413.914.115.02020A2021A2022E2023E2024EROE(%)16.715.117.119.521.543374011671536ROIC(%)15.911.613.516.118.2净利润4925277231060147410311610815821737.044.147.042.740.4-12-12-27-58-103净负债比率%)42.5-29.651.0-60.613流动比率2.82.22.36-183-692-58速动比率1.72.11.81.81.9其他经营现金流5-17-149-890-145-234-2770.70.670.80.8资本支出1762844114654363.22.92.93.10-644-57应付寒款周转率2.01.91.91.9其他授资现金流28-1251263226152-2091076221241.763.59-113122221431.061812.863.76-29735-124-119-1326.608.179.9812.891636052614217570P/E56.852.036.524.917.9其他筹资现金流-7377114959P/B9.77.96.45.03.92206166139751281EV/EBITDA40.535.926.717.912.4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