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国金证券公司点评附录：三张报表预测摘要2020202120222023E2024E2020202120222023E2024E2025E1,141,5142.3744201,15872672180432.7%1.4%30.5%24.1%应收款项277396389483610-112-141-155-186-231-29214414915319024012.9%12.3%12312.3%16106524540550毛利7511,0031.0051.3271.6472,0817931,7911,7951,8031.9742,21587.1%87.786.687.7%87.7%87.7%感资产67.82.81281684.1s-7-7-8-11-1451460.8%0.60.7167167180188192193-517-709-716-916-1,136-1,4367.7%59.9%61.9%61.760.514716117017417786-134-137-151-178-22137938741540841542010.0%11.7%11.8%10.0%9.5%9.3%17.8%1817.415.95研发费用56-77-114-139-165-19522106.5%6.8%8.8%8.2%0015101010847729112156216应付款项193313813163914949.8%2.58.3%其他流动负债8172911322221921250479397490617-0.7%-1.9%-1.9%-1.0%00000-20-100001200319490528397617329001,6791,8121.9032,026n25.9%0.00.012717017117217217289131106141176237未分配利润22625633042254510.3%9.3%-9营业外收支-1-792-2-221782210881239813917423510.2%10.8%9.2-17-25-17-21-26-352020202120222023E2024E2025E19.22%175%15.71118142000.5930.6324880.7220.8931.197-56.6569.88480410.60211.13711.8551071231532061.0320.6940.7840.3190.7881.0287.2%0.0000.0000000.2870.3550.4768.91s4.6.818.02%10.09%2020202120222023E2024E2025E6.454.93%5.58%6.38%7.76%711181482007.93.63%5.239.07--3383845032751330.5024.0626.39EBIT增长率31.02%288.2439.12%38.56%19-48-6341.09%41.98%-22.247.9123.67%34.04%113617711.37%85.78%0.04%10.24%-42-37-44-44产力-3742713084.590.9106.790.090.090.02000200.5289.4343.6300.0300.0300.0-79494-2518.9629.2801.4590.85908117380069.351.755.744.436.428.8其他8-61-82-49.15-73.3-726-67.5m706-76-36-61-15.0-3.6-1.3-6.0-8.0-10.561734-433-5315227.18%22.51%23.89%17.98%20.51%23.43%2
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