首页行业分类金融证券证券2023-04-21-西南证券-明月镜片-全年业绩靓丽,轻松控产品成长空间充足
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2023-04-21-西南证券-明月镜片-全年业绩靓丽,轻松控产品成长空间充足

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2023-04-21-西南证券-明月镜片-全年业绩靓丽,轻松控产品成长空间充足
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明月镜片(301101)2022年年报底评2022A2023E2024E2025E2022A2023E2024E2025E623.07749.15925.291134.64148.05178.36219.72295.93营业成本286.77327.70387.71448.02折旧与摊销37.0229.2829.2829.28营业税金及册加5.837.859.477.83-1.98-3.34-3.82销售货用100.96122.86155.45188.35-6.990.000.000.0070.26113.12142.49174.73经营营运黄本变动6.59-62.18-29.5847.47财务货用-1.983.34-3.82-4.20其他35.83-8.15-12.23-7.20-6.990.000.000.00146.85133.96203.36266.3416.178.005.005.00-51.41-50.00-50.00-50.0013.7510.005.005.0055.5618.0010.0010.00其他经营损益0.000.000.000.00-106.96-32.00-40.00-40.00159.64198.96243.98329.90短期借款0.000.000.000.004.502.392.572.830.000.000.000.00164.15201.35246.55332.740.000.000.000.00所得税16.1023.0026.8336.81支付股利-71.20-59.06-80.76-107.06148.05178.36219.72295.9333.38-0.233.824.2011.8618.7422.2229.14-104.58-59.29-76.94-102.86136.19159.62197.49266.7962.7942.6786.42123.482022A2023E2024E2025E2022A2023E2024E2025E货币黄金934.01976.681063.101186.58成长能力应收和预付款项133.48171.83207.91251.20825%20.24%23.51%22.63%存货89.73114.97131.46154.2047.61%24.63%22.62%35.22%其他流动黄产208.79212.87218.64225.4961.48%20.47%23.19%34.68%0.000.000.000.00BTDA增长率37.40%15.52%19.80%31.75%0.020.020.020.02194.30223.67253.05282.4253.97%56.26%58.10%60.51%无彩资产和开发支出41.1635.7930.4225.0627.16%31.05%31.79%31.63%58.0354.7551.4748.1923.76%23.81%23.75%26.08%1659.521790.591956.072173.16ROE9.79%10.93%12.41%15.11%0.000.000.000.00ROA8.92%9.96%11.23%13.62%98.75114.71135.13157.22ROIC31.89%32.72%34.36%40.25%长期借款0.000.000.000.00田TDA/销售枚入31.25%30.02%29.12%31.29%48.8744.6850.7856.91147.62159.39185.91214.120.380.430.490.55股本134.34134.34134.34134.344.305.508.0011.931036.831036.831036.831036.835.205.545.375.46298.16398.72515.46675.19存货周转率2.763.163.093.091469.331569.891686.631846.37114.82%42.5761.3183.53112.671511.901631.201770.171959.048.90%8.90%9.50%9.85%1659.521790.591956.072173.16带息债务感负债0.00%0.00%0.00%0.00%流动比率10.039.989.298.962022A2023E2024E2025E速动比率9.379.208.548.20EBITDA194.68224.90269.44354.98股利支付率52.28%37.00%40.89%40.13%E56.3248.0538.8328.755.224.894.554.151.011.191.471.99PS12.3110.248.296.7610.9411.6912.5513.74EV/EBITDA33.5228.8123.7317.66每股经营现金1.091.001.511.980.93%0.77%1.05%1.40%每股股利0.530.440.600.80请务必阅读正文后的重要声明部分