民生证券NSHENG SECURITIES金牌厨柜(603180)/轻工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3,4483,5524,6165,556成长能力(%)营业成本239724993,2303,880营业收入增长率30.613.0329.9520.35营业税金及附加21212833EBT增长率9.97-21.1658.322199销售费用406457568683净利润增长率15.49-18.3251.6522.82管理费用160181212256盈利能力(%)研发费用177194245294毛利率30.4829.6730.0430.16EBIT329259410500净利润率9.807.779.079.26财务费用24总资产收益率ROA7485.877.678.26资产减值损失-1-1-2净资产收益率ROE14.0210.8414.7916.36投资收益18364656偿债能力361291451555流动比率1231.131.19124营业外收支>8>>速动比率0.950.850.900.95利润总额368300458562现金比率0.290.420.52所得税334151资产负债率(%)46.4145.7448.0749.48净利润335273417512经营效率归属于母公司净利润338276419514应收账款周转天数9.519.519.519.51EBITDA446392569669存货周转天数71.7471.7471.747174总资产周转率0.860.770.910.95资产负债表（百万元）2021A2022E2023E2024E每股指标（元）7606001.067每股收益2.191.792.713.33应收账款及票据180179233281每股净资产15.6316.5018.3520.37预时款项636685102每股经营现金流2.612.725.175.61471490633761每股股利1.060.871.311.61其他流动资产1,0021.0051.0041.011估值分析流动资产合计2,4762,3413,0223.695PE17211411长期股权投资3323232PB2.42.32.01.8固定资产1,2401,3151,3831,536EV/EBITDA12.0714.098.876.87无形资产124157155154股息收益率(%)2842.323.524.32非流动资产合计2,0402,3632,4372,528资产合计4,51647045.4606,223短期借款333333333333现金流量表（百万元）2021A2022E2023E2024E应付账款及票据8649001,1641,398净利润335273417512其他流动负债8198371.250折旧和摊销117133159169流动负债合计2,0162,0712,981营运资金变动-2633256225长期借款00经营活动现金流403420798865其他长期负债80817998资本开支-416-321-227-252非流动负债合计80817998投资-66-9700负债合计2,0962,1512,6253,079投资活动现金流-420-172股本154154154154284-200少数股东权益1062-1519股东权益合计2,4202,5522,8353,144筹资活动现金流372.195负债和股东权益合计4,51647045,4606,223现金净流量294467473资料来源：公司公告、民生证券研究院预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