附：财务预测摘要2021A202242023E2024E2025E2021A2022A2023E2024E2025E248125292783326239008751141156019682460595555143219182442营业成本293386502618741433729000营业税金及附加6101321其他应收款91126143200265325401预付寒款2242732445364存货154145245235340研发费用137191242305369其他流动资产12871087108710871087-183-10221430472509562-1000000000261620固定资产14120174219264无形资产666474808517341721其他非流动资产24622421121300027022958325537724462337357678893178174104106营业外收入010000000营业外支出000应付票据及应付寒款6700337357524678893其他流动负债90107104106106所得税3489955303325471606804000少数股东损益0000其他非流动负债95303325471606804187179109111111EBITDA32534751165085500000EPS(元)2482.663.864.96659股本122122122170416981698169816982021A2022A2023E2024E2025E72995913161738230625152779314736614351营业收入%)36.230.436.726.225.027022958325537724462향业利润(%)20.05.946.729.431.724.07.345.128.532.766.566.267.868.669.934.628.530.230.832.72021A2022A2023E2024E2025EROE(%)12.011.715.016.618.5173451013606679ROIC(%)41.725.965.479.285.3净利润3033254716068046615216.92.92.5-18-10-15净负债比率%)23.4-19.852.4-17-34-14-17-21流动比率14.014.530.936.8-117-284571-83速动比率13.113.624.428.633.5其他经营现金流1651-18-25-33-110511-38-550.30.40.60.6资本支出13422258792.42.30.00.00.0-989198000应付寒款周转率4.55.015.00.00.0其他授资现金流18352499-95-82-992.482.663.864.9640001.420.374.975.560000020.6022.7725.7829.9935.6400000P/E61.457.239.430.723.1其他筹资现金流-96-132-82-99P/B7.46.75.95.14.3-1030-41877486525EV/EBITDA51.649.131.624.117.7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