附：财务预测摘要2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E59031034786111339274327885913611136124265791095396916705502营业成本5918645473098686969231623057414946345167营业税金及附加48212629其他应收款414375121143164200224预付寒款23232711227226265312348存货15151124158916832074研发费用297287338401447其他流动资产557544544553563120-28-112404875588418863092369306-24000000048200固定资产59016394676072457179-19-5无形资产1701882032212443417其他非流动资产1487183616661770188310010013461143041897717848226987399061250156717516199634310248804411704营业外收入012112952452150019041200营业外支出210应付票据及应付寒款42483410818655959782737897124215581743其他流动负债656481545722所得税671071431792009931024717529670791109913791542909898731591403少数股东损益0000其他非流动负债1261261266707911099137915427192736711105876112233EBITDA1301167317842133231700000EPS(元)0.780.921271.601.79股本863863863863324432583258325832582021A2022A2023E2024E2025E21822808352544605569627069377872908710465营业收入%)32.76115.921.911.61346114304189771784822698향业利润(%)24.122.637.925.311.829.217.939.025.511.820.418.120.022.022.09.010.012.012.412.42021A2022A2023E2024E2025EROE(%)10.711.414.015.214.779312404610-13285458ROIC(%)8.99.011.211.912.5净利润6707911099137915424360147153457253.451.558.49.153.9120-28-11248净负债比率%)31.436.1-18612.2-34.6-34-4114-17流动比率0.91.1-434-1843251-31823414速动比率0.70.70.80.91.0其他经营现金流27101-101-104-100-2710-1466-583-1041-5240.60.60.60.6资本支出153710614465952.62.52.52.500000应付寒款周转率1.71.3其他授资现金流-1173-405-137446-5322021370-11536990.780.921.271.601.79-1041157-9520-3000.921.44534-154633124-10-167-140-1887278.049.1310.5312.13ソ00019131400P/E26.622.616.212.911.6其他筹资现金流2-791-34-194-211P/B2.82.62.32.01.7991752874-27034236EV/EBITDA14.911.98.98.75.9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