民生证券INSHENG SECURITIES卫星化学(002648)/能源开采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28.55735,81451,27661421成长能力(%)营业成本19,50028,41738,98346,202营业收入增长率165.0925.4143.1719.79营业税金及附九加95119171205EBT增长率253.33-28.4175.5425.13销售费用6075108129净利润增长率261.6240.3392.0230.12管理费用5106399151,096盈利能力(%)研发费用1,0911,3682,346毛利率31.7220.6523.9724.78EBIT5,2629,23811.559净利润率21.0310.0113.4214.58财务费用5021,0781,1861,081总资产收益率ROA12345.9710.3612.06资产减值损失-33-40-54-64净资产收益率ROE31.0216.6025.0025.81投资收益19172103123偿债能力6,9774,2168,10010,538流动此率1881.591.772.00营业外收支175速动比率1371.101.21142利润总额6,9934,2218,10510,547现金比率1.090.810.871.07所得税9806331,2161,582资产负债率(%)60.2063.9958.5053.24净利润6,0133,5886,8908,965经营效率归属于母公司净利润6,0073.5848,956应收账款周转天数7.779.799.799.79EBITDA9,0607.6461245915,187存货周转天数61.6560.6460.6460.64总资产周转率0.700.660.810.87资产负债表（百万元）2021A2022E2023E2024E每股指标（元）8,63811.03115,461每股收益1.781.062.042.66应收账款及票据6089531,3641.634每股净资产5.756.418.1710.30181335460545每股经营现金流1.092.383.304.033,2944,6846,4257,615每股股利0350.280.530.69其他流动资产2,8902,3213,1943,767估值分析流动资产合计16.61516,93122,47429,023PE156长期股权投资2,0822,1532,2562,379PB2.4191.5固定资产1274116,03719,24022435EV/EBITDA7339.715.564.19无形资产998997995992股息收益率(%)1.773.404.42非流动资产合计32,07843,08243.94545,261资产合计48,69260,01266.42074,284短期借款1,4231.2231.023823现金流量表（百万元）2021A2022E2023E2024E应付账款及票据3,9685,4507,4768,861净利润6,0133,5886,8908,965其他流动负债3,4483,9844,1744,801折旧和摊销1,70923833,2213,628流动负债合计8,83910.65612,67314,485营运资金变动-4488850-251-181长期借款13.47411.26310,2639,263经营活动现金流3,6688,02111,10713,570其他长期负债16,48415,91815,797资本开支-2905-3,055-3,324非流动负债合计20.47227,74726,18125,060投资-49000负债合计29,31138.40338.85439,545投资活动现金流-2905股本1,7203,3693,3693,36951-000少数股东权益792229382895-2600-1,945-1.200股东权益合计19,38121,60927,56534,739筹资活动现金流3,1235.815负债和股东权益合计48,69260,01266,42074,284现金净流量2,7892,3934,431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