附：财务预测摘要2021A202242023E2024E2025E2021A2022A2023E2024E2025E116215311984234230069481075163022262755136224340464574营业成本7348161239165720282093242535营业税金及附加6111518其他应收款32738151733543预付寒款4310311818319049517183存货40493011331392研发费用2933415055其他流动资产358254546515777-0235172226287411514579-922-28011153固定资产181177297395456000无形资产231919191813其他非流动资产900013891818239528563585108139408637968140816202020营业外收入00007291336营业外支出101应付票据及应付寒款22229600108140212309408其他流动负债415672679677684所得税161928435643333921211842673520000少数股东损益-2其他非流动负债439312118526935564197141116232023EBITDA128157255392519904-7EPS(元)0.340.440.680.98129股本2322322322322322402402402402402021A2022A2023E2024E2025E26737524734100573898612361569营业收入%)29.013.451.636.623.813891818239528563585향业利润(%)15.128.452.545.931.816.829.752.845.131.922.524.124.025.626.49.711.211.312.012.82021A2022A2023E2024E2025EROE(%)12.414.318.621.622.570-395121-71ROIC(%)14.820.715.118.417.8净利润92121184267352242427425546.253.458.956.856.4072净负债比率%)-17.7-26.139.149.0-13流动比率1.814-66-88-611-213-520速动比率1.10.80.70.60.7其他经营现金流15-15-22-281-20-149-141-1170.70.70.80.9资本支出15161481411175.14.20.00.00.00444应付寒款周转率14.20.00.0其他授资现金流1643-16-69-70950.340.440.680.98129007292143930220.26-1.440.440.2600002.703.093.604.515.73000000000P/E44.033.922.215.311.6其他筹资现金流3-16-798488P/B5.64.84.23.32.6613-90-283EV/EBITDA26.120.715.210.18.2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