民生证券INSHENG SECURITIES三利谱(002876)/电子公司财务报表数据预测汇总2022A2023E2024E2025E主要财务指标2022A2023E2024E2025E营业总收入2174319039425474成长能力(%)营业成本1708250129894212营业收入增长率-5.6646.7623.5938.86营业税金及附加823EBT增长率-28.9452.3947.3327.93销售费用16243041净利润增长率-38.8467.1045.1831.51管理费用7198123172盈利能力(%)研发费用130146184262毛利率214221.6024.1723.07EBIT266405597764净利润率9.7711.1513.1612.41财务费用29396270总资产收益率ROA5.447.349.6310.47资产减值损失-21-20-22净资产收益率ROE13.2216.4718.18投资收益389-11偿债能力236380562741流动比率1.711.631.84193营业外收支434速动比率1231.231.36137利润总额239383564745现金比率0.350.39041所得税27284566资产负债率(%)38.4444.0340.824145净利润212356519679经营效率归属于母公司净利润206345501659应收账款周转天数97.90110.54106.90105.11EBITDA381576808989存货周转天数125.59108.65113.05115.76总资产周转率0.570.680.760.87资产负债表（百万元）2022A2023E2024E2025E每股指标（元）435667748993每股收益1.191.982.883.79应收账款及票据60899211951630每股净资产13.3815.0117.4820.84预时款项18172336每股经营现金流2320.982.992.375887239061314每股股利0300.300.350.38其他流动资产523662696703估值分析流动资产合计2172306235684676PE402413长期股权投资0000PB3.53.22.72.3固定资产1111126214481524EV/EBITDA22.9915.4610.828.80无形资产62605856股息收益率(%)0.630.630.730.79非流动资产合计1621163616321613资产合计3793469752006289短期借款768113810601262现金流量表（百万元）2022A2023E2024E2025E应付账款及票据319500588819净利润212356519679其他流动负债185245289341折旧和摊销115171211225流动负债合计1272188319372421营运资金变动37-446-320-611长期借款868686经营活动现金流404171521412其他长期负债99999999资本开支-252-182-206-201非流动负债合计186186186186投资0000负债合计1458206821232607投资活动现金流-211-215-213股本1741741741740000少数股东权益203859-156370-78202股东权益合计2335262930773682筹资活动现金流-29326156负债和股东权益合计3793469752006289现金净流量-9223281245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