う开源证券附：财务预测滴要2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E3222354338754681544713261783218527183304现金2972134261532523953营业成本52373890211251376应收票据及应收寒款26418900营业税金及附加10132024其他应收款21584079营业费用57701091291009214314920665129142171198存货146291243423392301656656679760其他流动资产23708168168168163-8220609672738800资产减值损失-100010517524631715131184828178公允价值变动收益14无形资产67060其他非流动资产128350343337331-034424151454854196247446267406188062513256860000167397营业外支出0应付票据及应付寒款5000445267806其他流动负债15720229202所得税20-2-140404442674026208070000少数股东损益00000其他非流动负债4040404044426740262080726636385666727EBITDA4552383816037920000EPS(元)3.692.223.355.166.71股本80120120120120资本公机240527562756275627562021A2022A2023E2024E2025E68990612781841257331763786416347525520营业收入%)134.134.522.524.421.634424151454854196247营业利润%)146.1-40.150.054.430.4141.3-39.850.754.330.060.558.658.758.658.4净利率%)33.515.018422.824.42021A2022A2023E2024E2025EROE(%)14.07.09.713.114.6242530460564804ROIC(%)104.028.649.669.683.1净利润4442674026208071935465566资产负债率%)7.78.812.311.63-19净负债比率%)-8.8-55.660.0授资损失-600流动比率12.810.97.57.9营运资金变动-30-116速动比率11.89.710.1657.0其他经营现金流1583383-14471277-106-117-124总资产周转率0.40.50.50.50.6资本支出5318450587.8790.0000.0长期授资-14171470-71应付寒款周转率8.57.818.90.00.0其他授资现金流2494425-40-40-663.692223.355.166.710167230872.014.413.824.696.690000026.4231.5034.64395445.93普通股增加04000173351000P/E78.7130.886.856.243.3其他筹资现金流-170-367-207-269-153P/B11.09.28.47.36.3-12021836313408614EV/EBITDA70.9134.483.151.838.7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2/4