民生证券INSHENG SECURITIES新雷能(300593)/军工公司财务报表数据预测汇总利润表百万元)2022A2023E2024E2025E主要财务指标2022A2023E2024E2025E营业总收入1714294140355049成张能力(%)营业成本894151619252350营业收入增长率15.9671.6637.1625.15营业税金及附肋加11192733EBT增长率7.2056.2339.0139.81销售费用66123202238净利润增长率3.2977.1441.5341.31管理费用99184291342盈利能力(%)研发费用260530800982毛利率47.8048.4652.3053.46EBIT3645697901105净利润率16.9817.0217.5719.84财务用26293133总资产收益率ROA6.329.4611.4313.51资产减植损失-40-11-1净资产收益率ROE9.4914.5117.1519.61投资收益8131822偿债能力营业利润31454176610833.152.732.622.80营业外收支0000速动比率2.271.871.852.02利润总额3155417661083现金比率0.560.470.570.84所得税24415881资产负债率(%)28.4230.5529.7628.10净利润2915017091002经营效率归属于母公司净利润2835017091002应收账款周转天数143.94100.7680.6168.51EBIT DA4326729221244存货周转天数396.97297.73238.18226.28总资产周转率0.380.560.650.68资产负债表（百万元）2022A2023E2024E2025E每股指标（元）货币资金6336869721631每股收益0.681.211.712.42应收款及票据1055118712771360每股净资产7208.349.9912.34预付款项18303846每股经营现金流-0.731.332.282.60存货973123612551456每股股利0.120.120.120.12其他流动资产867877900918估值分析流动资产合计3546401644425411PE42241712长期股权投资12121212PB4.03.52.923固定资产43077911931341EV/EBITDA27.8817.8312.688.87无形资产108130153176股息收益率(%)0.410.410.410.41流动资产合计927127617592001资产合计4473529262017412短期借款426426426426现金流量表（百万元）2022A2023E2024E2025E应付款及票据4187088991097净利润2915017091002其他流动负债28033637341268103132139流动负债合计1124147016981936营运资金变动-745-8872-89长期借款17777经营活动现金流5529431077其他长期负债70707070资本开支-243-452615-380非流动负债合计147147147147投资-726000负债合计1271161718452083投资活动观金流-439-597-358股本4144144144141566000少数股东权益22322322322317000股东权益合计3202367543565330筹资活动现金流1670-60-60-60负债和股东权益合计4473529262017412现金净流量39853286659资料来源：公司公告、民生证券研究院预测本公司具备证券投资咨询业务资格，请务必阅读最后一页免责声明证券研究报告