民生证券INSHENG SECURITIES旺能环境(002034)/电力及公用事业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2,9683,3714,2125,325成长能力(%)营业成本1,872217627443,602营业收入增长率74.7513.5824.9626.42营业税金及附加435163EBT增长率24.13-6.1622.2013.94销售费用0000净利润增长率24.1010.0619.1610.25管理费用161202253320盈利能力(%)研发费用566784107毛利率36.9235.4434.873236EBIT9328741,0691.217净利润率21.8021.1820.2017.61财务费用254237305360总资产收益率ROA5.114.855.054.88资产减值损失7000净资产收益率ROE12.0511.9512.7012.52投资收益4345偿债能力689754896995流动此率1.061.732.032.19营业外收支速动比率0.961.621.912.07利润总额686752894993现金比率0.511.171.451.61所得税39384355资产负债率(%)57.3459.2360.0460.88净利润647714851938经营效率归属于母公司净利润648713850937应收账款周转天数93.2880.0080.0080.00EBITDA1,4751,6072,088存货周转天数3815.005.005.00总资产周转率0.230.230.250.28资产负债表（百万元）2021A2022E2023E2024E每股指标（元）1.01922463,3604682每股收益1.511.661.982.18应收账款及票据7587349151,155每股净资产12.5213.9015.5917.4215222736每股经营现金流3.043.864.895.6520303849每股股利0300.350.410.48其他流动资产288303368454估值分析流动资产合计2.0993,3344,7086,376PE12118长期股权投资2979129179PB1.41.3121.0固定资产3,9525,3156,043EV/EBITDA8.107.586.465.63无形资产5,7345,5755,4195,288股息收益率(%)1.671.952.282.67非流动资产合计10,5741137412,12012,831资产合计12,6741470816,82819,208短期借款30000现金流量表（百万元）2021A2022E2023E2024E应付账款及票据1,2561,1931,503净利润647714851938其他流动负债696734816935折旧和摊销543733800870流动负债合计1,9821,9262,3192,909营运资金变动-149-43120226长期借款3,5195,0196,0197.019经营活动现金流1,3051,6592,1002,425其他长期负债1,7661,7661,7661,766资本开支-1452-1,485-1,498-1,534非流动负债合计5,2856,7857,7858,785投资-31-50-50-50负债合计7,2678,71110,10411,694投资活动现金流-1.578股本4294294294291000少数股东权益28292930-821,4701,0001,000股东权益合计5,4065,9976,7247.514筹资活动现金流-564558475负债和股东权益合计12,67414,70816,82819,208现金净流量1,1141,322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