民生证券INSHENG SECURITIES中微公司(688012)/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4,7406,2938,12010,482成长能力(%)营业成本2,5723,4094,4015,659营业收入增长率52.5032.7729.0429.09营业税金及附加15222837EBT增长率56.7639.0530.7031.49销售费用409535674860净利润增长率15.6623.7029.4130.23管理费用236302382482盈利能力(%)研发费用6057871,0151,310毛利率45.7445.8245.8046.01EBIT9811,3641,7822,344净利润率24.6822.9923.0623.26财务费用-151-63-73-84总资产收益率ROA5.846.507.488.33资产减值损失-20-15-15-15净资产收益率ROE7.558.559.9611.48投资收益74101130168偿债能力1,2631,5622,0202.630流动此率3.743.483.343.04营业外收支速动比率2.812.742.642.38利润总额1,2591,5592,0182,628现金比率1871.811.741.59所得税91112145189资产负债率(%)22.7223.9624.8927.46净利润1,1681,4471,8732439经营效率归属于母公司净利润1,1701.4471,8732.439应收账款周转天数42.8140.0039.0038.00EBITDA1,1232,566存货周转天数361.42350.00280.00260.00总资产周转率0.260.300.340.39资产负债表（百万元）2022A2023E2024E2025E每股指标（元）7,3268.5299,76911782每股收益1.902.353.043.96应收账款及票据7139301,1451,475每股净资产25.1327.4730.5134.4735405267每股经营现金流1.003.593.434.713,4023,2123,6044,541每股股利0.000.000.000.00其他流动资产3,1803,6304,1334,656估值分析流动资产合计14.65516,34218,70322,522PE86705441长期股权投资9791,1791,379PB6.56.05.4固定资产3367821,1211.390EV/EBITDA83.4360.6946.2334.77无形资产590640690740股息收益率(%)0.000.000.000.00非流动资产合计5,3805,9236,3326,759资产合计20,03522,26425,03529,281短期借款000现金流量表（百万元）2022A2023E2024E2025E应付账款及票据9601,2751,4152,044净利润1,1681,4471,8732439其他流动负债29593.4264,1845,362折旧和摊销142160191222流动负债合计3,9194,7015,5997,406营运资金变动-409734211437长期借款500500500500经营活动现金流6182,2102,1142.900其他长期负债133133133133资本开支-1504-511-408-458非流动负债合计633633633633投资-1371-645-645-645负债合计4,5525,3356,2328,040投资活动现金流-873股本6166166166160000少数股东权益-149700股东权益合计15,48316,93018,80221,241筹资活动现金流4822负债和股东权益合计20,03522,26425.03529,281现金净流量-1,7181,2031,2402,013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