民生证券INSHENG SECURITIES广和通(300638)/通信公司财务报表数据预测汇总利润表佰万元)2021A2022E2023E2024E主要财务指标2021A2022E2023E2024E营业总收入4,1095,6408,51610,051成长能力(%)营业成本3,1194,2856,5277,679营业收入增长率49.7837.2451.0018.03营业税金及附肋加1128EBT增长率23.20-9.0338.8418.91销售费用132226341402净利润增长率41.518.4143.2318.23管理费用86161272322盈利能力(%)研发费用4295928521025毛利率24.1024.0223.3623.60EBIT396361501595净利润率9.777.727.327.33财务费用13132126总资产收益率ROA9.547.207.557.85资产减值损失-9-12-17-25净资产收益率ROE20.5515.9119.6119.91投资收益355767偿债能力营业利润4144586547721491.561.441.48营业外收支-100速动比率1.121.121.081.18利润总额413458654772现金比率0.220.400.400.46所得税233135资产负债率(%)53.5954.7361.5260.55净利润401435623737经营效率归属于母公司净利润401435623737应收账款周转天数99.6596.1095.7096.49EBIT DA465421571677存货周转天数94.43120.00100.0080.00总资产周转率0.980.931.031.07资产负债表（百万元）2021A2022E2023E2024E每股指标（元）货币资金4821.29720252,619每股收益0.640.690.991.17应收款及票据1,1991.6032,3922,853每股净资产3.094.335.035.86预付款项7223034每股经营现金流-0.670.360.811.41存货8071,3971,7711,658每股股利0.300.200.290.34其他流动资产7927601,0351,172估值分析流动资产合计3,2885,0797,2538,336PE434023长期股权投资295295295295PB8.96.35.5固定资产95127159189EV/EBITDA373840.1129.1223.68无形资产187197207217股息收益率(%)1.090.731.051.24流动资产合计9219631,0051,045资产合计4,2096,0428,2589,381短期借款4978211,2921,292现金流量表（百万元）2021A2022E2023E2024E应付款及票据1,2321,8902,8863,333净利润401435623737其他流动负债4825528591.012686081流动负债合计2,2123,2635,0375,637营运资金变动-858-261-16087长期借款0000经营活动现金流.422225514889其他长期负债4444资本开支-197-102-112-122非流动负债合计44444444投资224000负债合计2,2553,3075,0805,680投资活动观金流2767-5555股本4146316316313947300少数股东权益00004223244710股东权益合计1,9532,7353,1783,701筹资活动现金流348657269-240负债和股东权益合计4,2096,0428.2589,381现金净流量45815728594资料来源：公司公告、民生证券研究院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