民生证券INSHENG SECURITIES台华新材(603055)/基础化工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4009516462117033成长能力(%)营业成本3139376744755018营业收入增长率-58328.8420.2613.24营业税金及附加3643EBT增长率-37.73144.2424.4016.58销售费用45578396净利润增长率42.06126.2124.7919.23管理费用229263325356盈利能力(%)研发费用238285343389毛利率21.6927.0627.9428.65EBIT35085410631239净利润率6.7011.7712.2112.86财务费用56497291总资产收益率ROA3.546.667.217.63资产减值损失-75-139-159-156净资产收益率ROE6.5813.2014.6715.51投资收益269偿债能力2996728381000流动此率1.401.261.191.16营业外收支00速动比率0.610.630.590.59利润总额2926728381000现金比率0.240.290.280.29所得税23658297资产负债率(%)46.1749.6250.9150.85净利润268606757902经营效率归属于母公司净利润269608758904应收账款周转天数49.8749.8749.8749.87EBITDA682122615091776存货周转天数184.30184.30184.30184.30总资产周转率0.570.620.630.63资产负债表（百万元）2022A2023E2024E2025E每股指标（元）50492311011345每股收益0.300.680.851.01应收账款及票据62985810321168每股净资产4.585.165.796.5324293438每股经营现金流0.670.911.371711585190222602534每股股利0.100.220.270.32其他流动资产234263289310估值分析流动资产合计2975397447165395PE37161311长期股权投资3101726PB2.42.2191.7固定资产2782317731173710EV/EBITDA16.549.527.936.82无形资产347399448498股息收益率(%)0.891.942.422.88非流动资产合计4611515758036456资产合计758691311051911851短期借款208100817582158现金流量表（百万元）2022A2023E2024E2025E应付账款及票据1479165419652203净利润268606757902其他流动负债437491254285折旧和摊销333372446538流动负债合计2124315339774646营运资金变动-112-352-211-166长期借款758758758758经营活动现金流59581512271526其他长期负债620620620622资本开支-1121-1049-1242-1337非流动负债合计1378137813781380投资24000负债合计3503453153556026投资活动现金流-1088.1049-1242股本8928938938936000少数股东权益-7691800472400股东权益合计4083460151645825筹资活动现金流50265419354负债和股东权益合计758691311051911851现金净流量15419178244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