附：财务预测摘要2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E65156877467950425730168321796720140224942534914061163130414571641营业成本14451156161715919006212692408271200营业税金及附加4648101112127其他应收款6770106297262302337330预付寒款9315412318616213531368151016421774存货17301825208122452596研发费用321376201292380其他流动资产81095310871066122419320013814212396948577906791039206-18-1567-282-281-11401518222323固定资产35403504383240594350000无形资产15421255139412111033-20-2-3其他非流动资产460338073826381438023-21620915454137471414514936171-1444692124360696884525856225908营业外收入1017141616382135323335713779营业外支出211应付票据及应付寒款2340288200193-14354767051257其他流动负债20911867202520512129所得税687814951414794431636973094126-1463397653110830572990251318931291少数股东损益45146389其他非流动负债20851804180418041804126-141738359010191121111678957493199002EBITDA1080-519115614642058354320334397486EPS(元)0.11-1.260340.530.91股本11191117111711171117344234343434343434342021A2022A2023E2024E2025E493-924-527127123546453455383844295448营业收入%)7.012.111.712.71620915454137471414514936향业利润(%)151.5-945.6131.850.479.7148.9-1221.6127.054.272.614.113.114.815.516.10.7-8.12.02.94.42021A2022A2023E2024E2025EROE(%)2.5-38.79.513.518.7719105250111231363ROIC(%)3.2-14.46.59.613.7净利润126-1463397653110862862445150956069.275.669.665.960.3193200142净负债比率%)103.2143.2115.284.0042流动比率0.91.0-253-18487-179426速动比率0.70.70.40.40.5其他经营现金流51713-334-588-824-5501.01.1141.61.7资本支出7408539375416597.27.30.00.00.02050940444应付寒款周转率6.26.112.20.00.0其他授资现金流-1897-40-398-512-759-7180.11-1.260.340.91-83849710983382080.640.940.451.00122-239-664786196024.153.093.433.964.8798000588000P/E127.2-11.342.027.215.8其他筹资现金流351-818-1132477-324P/B3.54.64.23.62.9-23-243-957-185-23EV/EBITDA19.9-41.919.315.010.4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