民生证券INSHENG SECURITIES福能股份(600483)/公用事业及环保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14318148051500215816成长能力(%)营业成本10891109921099811342营业收入增长率17.793.401.335.42营业税金及附加838990EBT增长率68.647.375.6812.75销售费用23596063净利润增长率907910.504.207.52管理费用258296300316盈利能力(%)研发费用108118120127毛利率23.9325.7526.7028.29EBIT3027325034353873净利润率22.9324.1925.1925.69财务费用630656673783总资产收益率ROA5.345.445.274.97资产减值损失-98-100-100-100净资产收益率ROE129813.1012.5612.43投资收益1300139614471481偿债能力3614397541944561流动比率1.141.420.980.75营业外收支10速动比率1.051.340.910.70利润总额3623398041994566现金比率0.460.790.400.31所得税341398420502资产负债率(%)49.4648.5247.3749.36净利润3283358237794064经营效率归属于母公司净利润2593286529863210应收账款周转天数116.81120.00120.00120.00EBITDA4631459548545391存货周转天数23.3125.0025.0025.00总资产周转率0.300.280.260.24资产负债表（百万元）2022A2023E2024E2025E每股指标（元）3972761841374454每股收益1331.471.531.64应收账款及票据4616489549605229每股净资产10.2211.1912.1713.2188888891每股经营现金流1.682.062.45696653653677每股股利0.400.450.500.55其他流动资产432435435437估值分析流动资产合计9804136891027410888PE9.88.98.5长期股权投资876998871100612125PB1.31.21.11.0固定资产27499266853300339222EV/EBITDA8.728.338.878.83无形资产469451426401股息收益率(%)3.083.473.854.24非流动资产合计38723390074641653727资产合计48527526965669064615短期借款2174320639927891现金流量表（百万元）2022A2023E2024E2025E应付账款及票据3666362936313744净利润3283358237794064其他流动负债2743281328162838折旧和摊销1604134514191518流动负债合计858496481043814473营运资金变动-1119-312-166-267长期借款13320138201432015320经营活动现金流3277402344374785其他长期负债2099209920992099资本开支-1812495-7695-7695非流动负债合计15418159181641817418投资-203-1129-1129-1129负债合计24002255672685731891投资活动现金流-1621-7377股本4195419541954195186000少数股东权益4542525960526906604153212854899股东权益合计24525271292983332724筹资活动现金流-602-149-5422875负债和股东权益合计48527526965669064615现金净流量10553646317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