Huajin Securities华发集团旗下企业公司快报/财务报表预测和估值数据汇总资产负债表（百万元）利润表（百万元）2021A2022A2023E2024E2025E2021A2022A2023E2024E2025E流动资产925217117178142236924888管业收入1025930123372024389853117现金258550017433752710840营业成本868527332336794000048219应收票据及应收账款18524184327155265118营业税金及附加207285103预付账款189772414986708营业费用3242516173存货16683297282144454314管理费用278442546645780其他流动瓷产29583862387538853907研发费用48760170985854498544102851178713870财务费用-17-14021331132139248357468-2988128154579598972488841公允价使变动收益25223无形瓷产391573668734815-9829共他非流动瓷产2211325333793448374610161618206733161470125660280983415638757营业外收入23流动负债839814176149111896120915营业外支出g1821502196319631963196310131583205126423298应付票据及应付账款687511430111261566316631所得税104208228296377共他流动负债1021783182113342320税后利润1374182423452920非流动负债8702932281125312306321-8464326782562227920569111353183223512916共他非流动负债228254250252251EBITDA11942059245931243853负债合计92681710817722214912322115881580157415784484514514514512021A2022A2023E2024E2025E37463917391739173917成长能力13772638370254347859营业收入(%)170.4193.623.518.021.05429696587961109113959营业利润%)301.159.327.728.724.61470125660280983415638757归属于母公司净利润(%327.648.535.428.424.0现金流量表（百万元）毛利率(%)15.3939.58.99.22021A2022A2023E2024E2025E净利率(%)8.94.54.95.45.5-192-241432521725912ROE(%)16.716.117.618.518.89081374182423452920ROIC(%)13.512.513.214.415.1186330389507640-2417-140213-311瓷产负债率(%)63.066.759.91498293444流动比率1.1121.21.2营运资金变动-1291-21832225-5012622速动比率0.6070.70.8其他经营现金流161223-1755-3062-2157-2041-2764总瓷产周转率1.01514141.518974477263-36165应收账款周转率7.710.010.010.010.0应付账款周转率2.13.03.03.03.0估值比率2.023.004.065.226.47P/E33.422.516.612.910.4-0.43-0.539.594.8213.11P/B5.64.43.52212.0415.4519.5124.6030.96EV/EBITDA24.112.19.46http://www.huajinsc.cn/请务必阅读正文之后的免责条款部分