浙商证券招商南油601975)公司点评表附录：三大报表预测值资产负债表利润表(百万元)20222023E2024E2025E(百万元)20222023E2024E2025E344357808667113256264690778627588现金2093454273109978营业成本43844252449844830000营业税金及附加181415应收账项2282552403663其它应收款489793管理货用94104190预付账款491080000存货350356384372财务货用2766其他763548590634007076624259035470公允价值变动损益00000000投资净收益000长期投资0000其他经营收益26335758533649271706245730332753无形资产98营业外收支000在建工程2752532461707245730332753其他10346457225642614423032751051912022145701679514472015273024781365136414231399少数殿东损益1320短期借款088461434199426752428应付款项397428442432EBITDA248333093795329301EPS(最新摊薄)0.300.410.550.50其他9688479349221621870641主要财务比率长期借款107078045520920222023E2024E2025E其他551330415432成长能力2986247522932040营业收入62.20%10.25%13.83%少数殿东权益136156211260营业利润336.18%44.02%23.46%739793911206614494归属母公司净利润383.67%39.10%34.13%105191202214570毛利率30.02%38.43%42.78%40.92%现金流量表净利率23.09%29.17%34.72%32.65%(百万元)20222023E2024E2025EROE21.35%23.35%24.52%17.96%1957281332003251ROIC16.87%20.69%21.67%15.82%净利润144720152730247854047549650128.39%20.58%15.74%12.15%财务货用516660.86%61.06%53.34%46.93%投资损失0000流动比率2.524.246.098.09营运资金变动(157)149(80)速动比率2.273.985.827.83其它76148(12)187(79)(228总资产周转率0.650.610.590.488457(90)应收账款周转率41.9135.27343332.46长期投资0000应付账款周转率12.1810.3610.4310.33其他(260)(115)(136)(138)333(3540.300.410.550.50短期借款(51)88(42)0.400.580.660.67长期借款(122)289)(326)2461.521.942.99其他(281)(132)14833244927682668P/E13.039.376.987.69P/B2.531.991551.29EV/EBITDA7.864.883.483.14http://www.stocke.com.cn请务必阅读正文之后的免责条款部分