附：财务预测摘要2021A202242023E2024E2025E2021A2022A2023E2024E2025E21983228301735963901369059627457871410121757777447523607营业成本305254396283731685916641101110614731523营业税金及附加1722323643其他应收款923228108646预付寒款25284052601341223存货5726597638931052研发费用54658296132其他流动资产17164564564564512315416523473339403445745145-40000000161510固定资产1680140720892626317000无形资产309353406470-12900其他非流动资产5851624159215421505004546656770518170904545522793317943259325437894078营业外收入292025242410472020292434393706营业外支出02应付票据及应付寒款89900484242682938956其他流动负债217341330350372所得税943717216363611041017895764390205792582879670539少数股东损益00000其他非流动负债53222522539020557776579224304364427046844842EBITDA6745689561308139900000EPS(元)0.971441.911.98股本4004004004004004614644644644642021A2022A2023E2024E2025E1096118216632270292821162203278134864203营业收入%)40.061.625.116.916.245466567705181709045향业利润(%)9.0-50.3190.638.92.015.2-47.4181.432.63.517.38.815.716.015.110.63.47.78.87.82021A2022A2023E2024E2025EROE(%)18.49.320.822.018.8272-916331016ROIC(%)11.49.811.110.4净利润39020557776579212720015221627853.566.460.657.353.5154165净负债比率%)47.0116.0115.597.6900流动比率0.91.0-281-1017-503-219速动比率0.80.80.70.70.7其他经营现金流-21000-461-1508-847-755-848091.2资本支出6049898477558486.97.4747.47.400000应付寒款周转率8.19.617.30.00.0其他授资现金流143000741982-295-317-3500.970.511.911.982869739035152670.680.090.231582.54462297-87-122-1324.895.116.5510.10000000000P/E17.132.411.58.78.4其他筹资现金流-292-1111-710486P/B3.43.32.52.01.6558-497-1233439-183EV/EBITDA11.315.310.37.87.3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