还有 4 页未读 ，您可以 继续阅读 或 下载文档
报告派所有资源均由用户上传分享，仅供网友学习交流，未经上传用户书面授权，请勿作商用。
1、本文档共计 4 页，下载后文档不带水印，支持完整阅读内容或进行编辑。
2、当您下载文档后，并不意味着拥有了版权，文档仅供网友学习交流，不得用于其他商业用途。
3、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！
4、本本所有内容不构成任何投资建议，不具有任何指导和买卖意见。
5、如文档内容存在违规，或者侵犯商业秘密、侵犯著作权等，请点击“违规举报”。
国金证券公司点评附录：三张报表预测摘要2020202120222023E2024E2020202120222023E2024E2025E1,4104.1124981,0181,0881,1721,5172,15235.0%17.5%35.2%36.0%应收款项5868429421.2591,96-863970-1,298-1,752-2,38823237742547159080445.7%42.3%712678610653714毛利7651.0401.2671.7252,3603,2511,5032,6943,0333,1944,0195,35656.657.1%57.4%57.7%感资产78.179.3%757411%-1317-23-31-4293921020.60.80.8%334623713591433-307-421-447-590-794-1.077915116821.8%19.5%19.3%19.113618821529937945392-116-245-3294217029851,1141,0841,013销售收入8.2%8.0%21.9%20.725.9%21.2%研发费用-209-333-403-547-748-1,03214.8%17.5%18.0%18.2%18.3%871951338800158216321458应付款项416494641744,00410.6%8.3%9.610.611.1其他流动负债228315439379514703-13-1015820417311,0042131,2101,518,072-0.7%-0.3%7%03113813813833-10-151021266757410008331,1601,4231,7302,283242020201,0852,1892.5332,8383.3264.04910.053.0%379535535535535221296349490663906未分配利润6518611,180,668215.7%15.516.2%47474747营业外收支-2-455521929235349566891115.5%15.315.8%16.3%-217-15-20-272020202120222023E2024E2025E0.7%-2.0%3.0%1982903604806488840.5770.77706750.89612111.51003.1795.7814.7325.3006.2117.5621972943614806480.6770.7170.6611.2961.6742.04614.0%15.5%15.9%15.8%15.7%0.3000.2503000.3000.3000.30018.14%13.4414.2616.9119.50%21.83%2020202120222023E2024E2025E10.24%8.67%8.99%11.14%12.7113.86%19829036048064888411.386.3210.01%-10017312028635393主营业务收入增长率23.05%3502175035.1937134127-12EBIT增长率36.7148.81%42.85%42.80%-79-99-16741.99%49.45%22.69%3289%35.11%36.325231271694B961,0%20.72%76.52%18.29%7.23%18.44%25.01%资本开支-116-166353-378295295产力28-34-10-10-10124.894.299799.097.095.03-41042020114.1128.8151.0135.0128.0128.0-107-275.472.998.098.0980088639-14017.015.0101.273.634.4128-460其他-171-178-174-171-573B4352-237-261-17111.115.8-14.8-37.9-22.8-16134963943.28%34.16%35.79%33.04%33.90%35.79%2
转换为Word/PPT