附：财务预测摘要2021A202242023E2024E2025E2021A2022A2023E2024E2025E28527246686110111120726978850510305122661424210192158320456307786营业成本388249055758674276972525333743营业税金及附加93113134156其他应收款16223913681449172120732407预付寒款57127145147209252256309368427存货3403944915326434344536373其他流动资产139345272960374333514125-70-155非流动贵产49394623554056926190资产减值损失0000000002156343742固定资产19092232263730273366公允价值变动收益133无形资产3233573864234662370344249其他非流动资产270720342516224223581-2-0-1-17790118701240115804182621529185424363092376434156706527764216111226243182190325422222营业外支出1721201920应付票据及应付寒款55468492515141836241830753747其他流动负债22372873269129543002321395515656801137100155146156119314411904241929450504452少数股东损益00000其他非流动负债10010310411931441190424192945负债合计35526805543365676267EBITDA17082188271333524019少数股东杖益00000EPS(元)2.983.604.766.057.36400400400400400资本公积208020802080208020802021A2022A2023E2024E2025E留存收益1758259837405192695942385064696892371199540.721.921.219.016.1779011870124011580418262营业利润(%)45.521.331.426.921.846.920.832.127.121.844.442.344.145.046.017.116.918.519.720.72021A2022A2023E2024E2025EROE(%)28.128.427.326.224.620772026258725993034ROIC(%)23.818.421.720.320.2净利润1193144119042419294518522422127332845.657.343.841.634.3-70-155净负债比率%)-5.223.0l63-31.744.9授资损失-23-34-42-49流动比率0.81.11.32.0847521442112-17速动比率0.40.60.81.11.5其他经营现金流-114-13030-19-3563-3336-263-725-5400.90.80.90.8资本支出609793405409370372.9344.9358.9351.9355.4-2977-2610000应付寒款周转率9.18.18.68.48.5其他授资现金流-5931-5153142-317-17113071764-1277553338每股收益（最新摊薄）2.983.604.766.057.365142558-1279640-3205.195.076476.507.58长期借款-276-26610.6012.6617.4223.0929.9900016920000P/E58.848.736.829.023.8其他筹资现金流-663-768-48-26P/B16.613.910.17.65.8-180439104724262156EV/EBITDA40.831.725.019.615.8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