首页行业分类食品饮料2023-04-19-西南证券-天味食品-毛利率明显改善，23Q1实现开门红
私信

热门文档

相关合集

快递最后一公里配送模式

2026-08-1124份文档

钻石/天然钻石/培育钻石

2026-08-10134份文档

足球产业/体育赛事

2026-10-3139份文档

租车

2026-08-1143份文档

PDF

2023-04-19-西南证券-天味食品-毛利率明显改善，23Q1实现开门红

2023-04-191*******94页1.07M

下载文档收藏文档
请阅读并同意免责条款
违规举报用手机查看分享文档 转换为Word/PPT
下载文档
/4
全屏查看
2023-04-19-西南证券-天味食品-毛利率明显改善，23Q1实现开门红
还有 4 页未读 ，您可以 继续阅读 或 下载文档
下载文档 继续在线阅读
下载提示文本预览
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”。
天味食品(603317)2023年一季报点评2022A2023E2024E2025E2022A2023E2024E2025E2690.713233.583861.434559.76340.61412.49511.22614.66营业成本1769.942095.062473.982911.22折旧与摊销48.3373.8282.4491.76营业税金及册加22.3630.4036.6843.32-18.209.4216.487.67销售货用387.94491.50579.21683.96-0.780.000.000.00150.05177.85208.52243.95经营营运黄本变动324.87-188.6786.4599.83-18.209.4216.487.67其他-148.67-44.84-47.18-47.54-0.780.000.000.00546.14262.22649.41766.3854.3045.5547.1647.81-307.21-50.00-100.00-100.000.000.000.000.00-778.5832.5532.1632.81其他经营损益0.000.000.000.00-1085.79-17.45-67.84-67.19405.82474.91593.71717.450.00704.06-191.80-260.73-2.0211.549.618.31长期借款0.000.000.000.00403.80486.44603.32725.76131.650.000.000.00所得税63.1973.9692.10111.10支付股利37.71-102.51-124.14-153.86340.61412.49511.22614.66-149.60-2.42-14.48-5.27-1.09-1.32-1.64-1.9755.66599.13330.43-419.86341.70413.81512.86616.63-595.30843.89251.14279.332022A2023E2024E2025E2022A2023E2024E2025E449.541293.431544.571823.90成长能力55.2163.9078.6990.84销售枚入增长率32.84%20.18%19.42%18.08%存货146.61203.54221.27265.00114.66%17.02%25.02%20.84%2502.082507.802507.522508.6984.73%21.10%23.94%20.23%397.95397.95397.95397.95田TDA增长率130.85%28.03%24.10%17.94%0.000.000.000.00固定资产和在建工程1014.55992.891012.621023.0234.22%35.21%35.93%36.15%无形资产和开发支出45.8343.6741.5139.3419.32%20.99%20.83%20.52%其他非流动黄产209.96222.96237.96252.96净刹率12.66%12.76%13.24%13.48%4821.735726.146042.086401.70ROE8.46%9.50%10.82%11.85%短期借款0.00704.06512.26251.53ROA7.06%7.20%8.46%9.60%476.58511.56611.38727.85ROIC23.05%23.69%25.68%27.97%长期借款0.000.000.000.0016.20%17.26%17.94%17.92%其他负债320.35170.74191.59234.66负债合计796.931386.361315.221214.050.590.610.660.73股本763.051066.391066.391066.394.604.364.935.521954.711651.381651.381651.38应：账款周转率165.72164.70164.01162.181522.181833.482222.202684.97存货周转率13.8111.9011.5811.924020.114336.414725.135187.90115.07%少数股东权益4.693.371.73-0.254024.804339.784726.865187.6616.53%24.21%21.77%18.96%4821.735726.146042.086401.70带息债务总负债0.00%50.78%38.95%20.72%流动比率4.022.973.353.922022A2023E2024E2025E速动比率3.842.823.183.70EBITDA435.94558.15692.64816.88股利支付率11.04%24.77%24.21%24.95%E53.7444.3835.8129.78PB4.564.233.883.540.320.390.480.58PS6.825.684.764.033.774.074.434.86EV/EBITDA22.8926.9721.0717.18每股经营现金0.510.250.610.720.21%0.56%0.68%0.84%0.040.100.120.14请务必阅读正文后的重要声明部分