民生证券INSHENG SECURITIES旺能环境(002034)/电力及公用事业公司财务报表数据预测汇总2022A2023E2024E2025E主要财务指标2022A2023E2024E2025E营业总收入3,3504,2125,3256,072成长能力(%)营业成本213127443,6024,127营业收入增长率11.6525.7526.4214.02营业税金及附加557088100EBT增长率8.73-0.7813.451234销售费用1000净利润增长率7.7917.7010.2510.75管理费用173253320364盈利能力(%)研发费用94118149170毛利率36.3834.8732.3632.04EBIT1,0371,0281,167净利润率21.7120.1917.6117.10财务费用273253304359总资产收益率ROA4.985.245.044.98资产减值损失00净资产收益率ROE118812.4912.3412.25投资收益56偿债能力7539161,0101,118流动此率1.011.411.712.02营业外收支302速动比率0.831.301.591.90利润总额7839141,0081,116现金比率0.370.811.12142所得税56647178资产负债率(%)56.7056.8458.1158.41净利润7278509381,038经营效率归属于母公司净利润7228509371,037应收账款周转天数92.4780.0080.0080.00EBITDA1,6491,8722,0812,296存货周转天数28.955.005.005.00总资产周转率0.230.260.290.29资产负债表（百万元）2022A2023E2024E2025E每股指标（元）8744,720每股收益1.681.982.18应收账款及票据8499181,1591,319每股净资产14.1515.8417.6719.7121273641每股经营现金流3.515.185.615.89169384957每股股利0.500.360.390.43其他流动资产487435521579估值分析流动资产合计2.4003,3575,0846,716PE10.79.1827.4长期股权投资3787137187PB1.31.1100.9固定资产4,8605,6176,2936,966EV/EBITDA7.756.715.855.13无形资产6,1115,9995,8265,666股息收益率(%)2.791.992.192.43非流动资产合计12,09312,86413,51714,122资产合计14,49316,22218,60120,838短期借款160000现金流量表（百万元）2022A2023E2024E2025E应付账款及票据1,4271,5031,9742,261净利润7278509381,038其他流动负债7908769951.070折旧和摊销612844914985流动负债合计2,3772,3792,9693,331营运资金变动-129260229115长期借款4,0396,0397.039经营活动现金流1,5062,2252,408其他长期负债1,8021,8021,802资本开支-1591-1,567-1,518-1,542非流动负债合计5,8416,8418.841投资-253-50-50-50负债合计8,2189,22010,81012,172投资活动现金流-1,882-1,613.1.563-1.586股本4294294294296000少数股东权益1981992002016578401,0001,000股东权益合计6,2757.0017,7918,666筹资活动现金流230453535460负债和股东权益合计14,49316,22218.60120,838现金净流量1,0651,3791,402资料来源：公司公告、民生证券研究亮预测本公司具备证券投资咨询业务资格，请务必阅读最后一页免责声明证券研究报告