附：财务预测摘要2021A202242023E2024E2025E2021A2022A2023E2024E2025E37253650301029143497457742384762625879004934511094666841营业成本297328403146407651131463161600营业税金及附加4051456279其他应收款891015100126预付寒款13182929207261262282332存货1048930126115771983344352381457561其他流动资产699626626626626574024非流动贵产601772897603895110266资产减值损失27-8639128166199232264116869293固定资产37464634499161827346公允价值变动收益00无形资产443523586662697-6其他非流动资产169919651826187519590-197411093810613118641376394558112791687223623911905243432630005538198199761783营业外支出65应付票据及应付寒款88961300093976412741682其他流动负债794959108614581480895269115152165524472075182015468505256951159153012262000162713721098少数股东损益65924897155其他非流动负债42944844844878543364710621375负债合计38914839398042544809EBITDA14541238133219522550少数股东杖益318541589686841EPS(元)0.970.540.801321.71806806806806806资本公积211621162116211621162021A2022A2023E2024E2025E留存收益282630193479426352795532555960446924811331.7-7.412.431.426.2974110938106131186413763营业利润%)36.5-38.532.266.431.933.3-44.849.364.229.535.133.033.934.935.318.612.414.618.519.42021A2022A2023E2024E2025EROE(%)14.58.610.515.217.110581064183917831896ROIC(%)13.78.410.113.815.5净利润8505256951159153041549348160076539.944.235.934.9575124净负债比率%)27.245.228.930.030.0授资损失51366流动比率1.71.51.2-340-13663022405速动比率1.11.10.80.50.4其他经营现金流118-12-19-24-1486-1520-1955-20870.50.40.60.6资本支出13721368762191520483.42.90.00.00.0-50-7-3332应付寒款周转率6.16.216.00.00.0其他授资现金流-64-146-7595414-3944144410.970.540.801321.71-374266157807131228221235长期借款91174-255-2746.866.897.508.5910.0600001390000P/E23.242.028.117.113.2其他筹资现金流8-626-21-316-974P/B3.3333.02.622162-43643-585632EV/EBITDA13.817.315.510.88.5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2/4