首页行业分类金融证券证券2023-04-03-西南证券-中国中免-业绩筑底，期待困境反转
私信

热门文档

相关合集

快递最后一公里配送模式

2026-08-1124份文档

钻石/天然钻石/培育钻石

2026-08-10134份文档

足球产业/体育赛事

2026-10-3139份文档

租车

2026-08-1143份文档

PDF

2023-04-03-西南证券-中国中免-业绩筑底，期待困境反转

2023-04-03C********e4页988.61K

下载文档收藏文档
请阅读并同意免责条款
违规举报用手机查看分享文档 转换为Word/PPT
下载文档
/4
全屏查看
2023-04-03-西南证券-中国中免-业绩筑底，期待困境反转
还有 4 页未读 ，您可以 继续阅读 或 下载文档
下载文档 继续在线阅读
下载提示文本预览
报告派所有资源均由用户上传分享，仅供网友学习交流，未经上传用户书面授权，请勿作商用。
1、本文档共计 4 页，下载后文档不带水印，支持完整阅读内容或进行编辑。
2、当您下载文档后，并不意味着拥有了版权，文档仅供网友学习交流，不得用于其他商业用途。
3、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！
4、本本所有内容不构成任何投资建议，不具有任何指导和买卖意见。
5、如文档内容存在违规，或者侵犯商业秘密、侵犯著作权等，请点击“违规举报”。
中国中免(601888)2022年年报点评2022A2023E2024E2025E2022A2023E2024E2025E54432.8595270.00119991.00146710.486188.2515510.6720985.5426385.10营业成本38981.8464783.6079194.0695361.81折旧与摊销571.97692.34692.34692.34营业税金及册加1215.242253.662855.743448.56220.28179.76347.28454.44销售货用4032.035716.207799.4210269.73-590.690.000.000.002209.183239.183959.704694.74经营营运黄本变动-8378.91.13632.366211.75-7010.10财务货用220.28179.76347.28454.44其他-1426.14438.39-425.53143.090.000.000.00-3415.253188.8015387.8720664.87162.490.000.000.00-2465.860.000.000.000.000.000.000.00.1340.790.000.000.00其他经营损益0.000.000.000.00-3806.650.000.000.007619.4519097.5925834.8032481.20期借款1520.89.1932.230.000.00-2536.00-4.35-4.602508.980.000.000.007616.9219091.6025830.4432476.6015732.480.000.000.00所得税1428.673580.934844.916091.50支付股利-2928.71-1006.08-2521.70-3411.806188.2515510.6720985.5426385.10-1379.08.1373.77-347.28.454.441157.872902.163926.554936.8515454.56.4312.08-2868.98-3866.245030.3812608.5017058.9821448.259105.60.1123.2812518.8916798.642022A2023E2024E2025E2022A2023E2024E2025E26891.7025768.4238287.3155085.94成长能力应收和预付款项1410.332235.842811.803453.80-19.57%75.02%25.95%22.27%存货27926.4845982.8656732.4168173.30-48.53%150.64%35.28%25.73%其他流动黄产976.971709.922153.622633.1849.95%150.65%35.30%25.73%1970.101970.101970.101970.10BTDA增长率-44.81%137.40%34.58%25.13%1387.131387.131387.131387.137286.296985.696685.096384.50毛利率28.39%32.00%34.00%35.00%无形资产和开发支出3282.383000.812719.242437.6611.87%9.59%10.09%10.51%4776.224666.064555.894445.7311.37%16.28%17.49%17.98%75907.6093706.82117302.58145971.33ROE11.43%22.77%24.24%24.08%1932.230.000.000.00ROA8.15%16.55%17.89%18.08%10885.9917171.1021386.0226052.63ROIC25.86%40.04%41.13%44.25%长期借款2508.982508.982508.982508.9815.45%20.96%22.40%22.92%6453.005913.406830.417859.2421780.1925593.4830725.4036420.850.831.121.141.11股本2068.862068.862068.862068.8614.9618.0324.0831.3317486.4017486.4017486.4017486.40406.96499.77461.26448.7828499.4840101.9154639.1972675.64存货周转率1.611.741.541.5348573.4059657.1774194.4592230.91106.68%5554.018456.1712382.7317319.5854127.4168113.3586577.18109550.4928.69%27.31%26.19%24.95%75907.6093706.82117302.58145971.33带息债务感负债20.39%9.80%8.17%6.89%流动比率3.273.553.784.032022A2023E2024E2025E速动比率1.671.401.641.90EBITDA8411.7019969.6926874.4233627.97股利支付率58.22%7.98%14.78%15.91%E75.3630.0722.2217.677.806.355.114.112.436.098.2510.37PS6.963.983.162.5823.4828.8435.8644.58EV/EBITDA41.5517.4312.489.48每股经营现金-1.651.547.449.990.77%0.27%0.67%0.90%每股股利1.420.491.221.65请务必阅读正文后的重要声明部分