附：财务预测摘要2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E1655416820184402321326437112001300815297180332108264646155622879339945营业成本8541959211075127961462124152795332446914679营业税金及附加4154566677其他应收款4717217402279499620688721843预付寒款779423733766958241310337361422存货59976379557989037719研发费用9621105130014431687其他流动资产852896835857856-141-923796956814990175022114324667-166-128241289-3473505639584921085913468397427470517568固定资产1440219823662551272100无形资产17693227398049025646166248347451587其他非流动资产285331702664283228330261223181035942443565110414201905329341495583631690081507918936营业外收入20121417200288302966279650营业外支出5141824应付票据及应付寒款2557244632335298639914351906251432924146其他流动负债30263582274631532887所得税171288381498628746377537382720668611264161721332793351869514841187891594少数股东损益106737598124其他非流动负债67686269619563156267115815442058269533951304614070163902228425797EBITDA168323643011407351934077237988961020EPS(元)0.791.051411.84232股本146314641464146414647978110041100411004110042021A2022A2023E2024E2025E3403473264118619113961267017017187532117624287营业收入%)10.216.117.617.916.92612231810359424435651104향业利润(%)36.534.232.031.026.040.833.433.331.025.923.726.327.629.030.610.311.913.514.916.12021A2022A2023E2024E2025EROE(%)9.79.110.912.713.9-495112592024433443ROIC(%)5.56.17.18.29.1净利润1264161721332793351852853866779749.944.245.650.250.5-141-93796净负债比率%)11.5327.726.8-166-248-347451-587流动比率3.02.71.4-2258-1133-1316-596-377速动比率1.61.41.30.80.9其他经营现金流41046034-1802-2533-2708-3848-37370.50.4040.4资本支出1628268594411059124.95.05.04.54.5-2135-2097-1941-26093.93.83.93.02.5其他授资现金流-387146-38604684-5435568957-874488-7240.791.051412.3202880000.340.770.631.67235195790-297-2978.6511.6212.8114.4616.590002563026000P/E55.141.331.023.718.8其他筹资现金流105-3148-577-191427P/B5.03.73.43.02.6-1736-420-2669-1893-1011EV/EBITDA39.028.322.917.413.8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