附：财务预测摘要2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E65597830104789340123934486546067818468106312165240952982607营业成本3002370645435670708812701341408317574497营业税金及附加404s6987其他应收款70651141021745066067469321169预付寒款188175290287436284312400495617存货2317315939641100研发费用380448556682850其他流动资产549681605623621-3064-7266149817341799204723262228759410410098102固定资产6676598371046130147447无形资产136143122110161414其他非流动资产632857746784810080579564122771138714718451536102137014830693853097729营业外收入73134319000营业外支出33应付票据及应付寒款129716102934222130304555366818301022其他流动负债22712902400430884700所得税3542688214917115715841949462476393970000少数股东损益725687103128其他非流动负债14217115215715834843853765981238505001709054667887EBITDA4695576888581080398413501604732EPS(元)0260.330.400.490.61股本13411341134113411341117611571157115711572021A2022A2023E2024E2025E1299165722252920378038084149468653176099营业收入%)20.621.724.224.925.580579564122771138714718향业利润(%)31.319.026.921.823.125.026.122.522.723.133.132.133.033.033.37.88.07.97.87.62021A2022A2023E2024E2025EROE(%)10.010.812.012.913.82024133284-24013319ROIC(%)9.811.112.113.4净利润419494624763939717411314718147.852.357.848.053.6-30-64-72-66净负债比率%)46.4-44.2-100.942.9-80.5-16-15-14-14流动比率1.8-270-1052670-31822325速动比率1.00.80.91.3其他经营现金流234-42-46-152-254-125-337-3990.60.60.70.8资本支出1752021762032673.74.22.93.413-609-10-10应付寒款周转率2.62.62.0222.7其他授资现金流-112-143-142340-270380260.330.400.490.614918531900.150.312.45-1.79248-70002.843.093.503.970000-23-190P/E34.927.722.618.415.0其他筹资现金流-13-1194738P/B3.22.92.62.32.0462082889-26912957EV/EBITDA22.418.710.611.86.7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