附：财务预测摘要2021A202242023E2024E2025E2021A2022A2023E2024E2025E228525872926337739583054367346285821731486165312231650营业成本23342847356744705594777786798810营业税金及附加21324151其他应收款293252666988116154预付寒款25127157204263存货2319232533研发费用281346435547688其他流动资产5971103117912741395-197133114131150166-6-8-100000010固定资产64571130无形资产1111012910其他非流动资产69565324182701305735264125231281448565407451487567661营业外收入000000000营业外支出1000应付票据及应付寒款35231281357447564其他流动负债404448483563654所得税0>692728292302773504415550000少数股东损益00-0-00其他非流动负债382729231277350441555445478515597689EBITDA22027734743454320000EPS(元)0.730.881.401.76股本2253154414414419858957697697692021A2022A2023E2024E2025E761101313241715220819712223254229303436营业收入%)33.220.326.025.825.724182701305735264125향业利润(%)-21.821.626.925.526.1-16.520.126.326.125.923.622.522.923.223.57.57.57.67.67.62021A2022A2023E2024E2025EROE(%)12.513.815.116.2-49135402517626ROIC(%)24.225.633.243.556.5净利润2302773504415551513192218.417.716.916.7>净负债比率%)42.8-28.848.0-10-10-10流动比率5.76.06.0-318-1746053速动比率5.55.75.9595.9其他经营现金流3523323-295-109-125-1431.41.41.61.81.9资本支出147や41应收寒款周转率4.64.70.00.00.0320-296000应付寒款周转率395.71000.42495.90.00.0其他授资现金流8-102-39-47-54-60-570.730.881.111401.7600000.160.431281.641.99000006267.068.079.3010.91901260064-90-12600P/E43.235.928.522.617.9其他筹资现金流-39-47-54-60-57P/B5.14.53.93.42.9235-208239331426EV/EBITDA58.246.035.727.521.0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